Market Share of Global Textured Soy Protein Industry
The textured soy protein market is competitive. Players like Archer Daniels Midland Company, Cargill, Incorporated, Bunge Global SA, International Flavors & Fragrances Inc., and Victoria Group dominate the market. Leading companies are expanding their production capacities to meet the increasing demand for high-quality textured soy protein. They focus on quality control, product standards, and supply chain management to increase their market revenue.
For instance, in 2022, ADM announced plans to invest around USD 300 million to expand soy protein production at its facility in Decatur, Illinois. The project marks the latest move by the business to expand its alternative protein production capacity. The expansion at Decatur is expected to be completed in the first quarter of 2025.
Textured Soy Protein Market Leaders
-
Cargill, Incorporated
-
Bunge Global SA
-
International Flavors & Fragrances Inc.
-
Victoria Group
-
Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
