Industry Insights of Textured Soy Protein (TSP)
The textured soy protein (TSP) industry is experiencing significant growth, driven by increasing consumer demand for plant-based proteins and health consciousness. TSP serves as an accessible and versatile meat alternative in various food products. We will delve into the current trends shaping TSP production and consumption and what that means for the industry.
The global TSP market has witnessed robust expansion in recent years. In 2024, the market was valued at approximately USD 2.58 billion and is projected to reach USD 4.82 billion by 2031. This growth is primarily attributed to the rising adoption of plant-based diets and the nutritional benefits of soy protein.
North America currently dominates the TSP market, holding over 35% of the market in 2024, due to the high demand for vegan diets and healthier meat alternatives. The region’s market is expected to grow, driven by lifestyle changes and increased research and development in plant-based protein products. This has led to an increased demand for protein-enriched foods, with a significant increase in the proliferation of protein-fortified products across grocery stores, including cereals, snacks, and dairy alternatives. Consumers are seeking convenient, plant-based protein sources, which has positioned TSP as a favorable option.
Despite a very positive outlook, the TSP industry still faces challenges in certain regions. Cultural preferences and dietary habits can influence the acceptance of soy-based products. For example, in Brazil, a leading soy producer, domestic consumption of soy-based foods remains relatively low, with soy often perceived as an expensive niche product compared to traditional proteins like meat and beans.
However, Insta-Pro is playing an important role in advancing the TSP industry by providing chemical-free technology that enhances efficiency, consistency, and product quality. High-shear dry extrusion enables processors to produce TSP with an improved texture, water absorption, and functionality for consumers. By helping enable manufacturers around the world to optimize processing and meet rising consumer expectations, the future of textured soy protein looks full of expansion and innovation.
