A recent research report by Syndicated Analytics finds that the global soya chunks market size reached US$ XX Billion in 2022. The report also forecasts that the market is expected to reach US$ XX Billion by 2028, with a projected growth rate (CAGR) of XX% during the forecast period (2023-2028).
Soya chunks, also known as texturized vegetable protein (TVP), are pellets derived from the byproduct of soybean oil production. These pellets are made using the defatted soy flour that remains after the extraction of soybean oil. They have meat-like flavor and fibrous texture and are widely used as meat substitutes for vegetarian consumers. In addition, they are rich in calcium, polyunsaturated fats, carbohydrates, dietary fiber, omega-3 fatty acids, iron, and sodium. Owing to these properties, soya chunks are widely used as snacks, meal replacements, and ingredients in various dishes and curries.
Adani Wilmar Limited started as a joint venture in January 1999 between the Adani Group, which is a multinational diversified business group, and the Wilmar Group, one of Asia's leading agribusiness groups. The company is headquartered in Ahmedabad, India, and is involved in a wide range of activities, including the production, refinement, and sale of various oils such as soybean, palm, sunflower, and blended oils. It also offers specialty and lauric fats for ice cream and confectionery, wheat flour, rice, pulses, sugar, besan, atta, soya chunks, bakery fats, and ready-to-cook khichdi, as well as soaps, handwash, and sanitizers. In addition, the company produces oleochemicals for home and personal care products. Presently, Adani Wilmar exports its products to the Middle East and Africa, Europe, North America, Asia Pacific, and internationally.
Marico is one the leading consumer products companies based in Mumbai, India. It was established in 1988 and provides hair oils, edible oils, fabric care, immunity-boosting and healthy foods, hair gels, hair serums, body lotion baby care, skin care, and male grooming products. It also offers various food items such as oats, soya chunks, salt, and others under the Saffola brand. The company distributes its products through regional offices, redistribution centers, carrying and forwarding agents, and distributors.
Nilon's India Private Limited was founded in 1962 and is headquartered in Maharashtra, India. It has become one of the leading fast-food companies and the largest producer of pickles, tooty-fruity, and roasted vermicelli in India. The company also offers soups, pasta, ready-to-cook products, jams, sauces, instant mixes, soya chunks, breakfast cereals, cooking pastes, and various spices. At present, Nilon's has a reach of over 3 lakh outlets in India and export networks in Japan, the USA, South Africa, Dubai, France, Saudi Arabia, Australia, Malaysia, Singapore, Canada, and internationally.
Patanjali Foods Ltd, formerly known as Ruchi Soya Industries Ltd, was founded in 2006. The company is headquartered in Indore, India, and is engaged in processing oil seeds and refining crude oil for edible use in India. The company vanaspati and table spreads, crude and refined oils, textured soya protein and soya flour, toiletry preparations, wheat flour, honey, coffee, seedling products, oil meals, and other value-added products, such as oleochemicals. Presently, the company offers its products under the Mahakosh, Sunrich, Ruchi Star, Nutrela, and Ruchi Gold brands.
Pushp brand is well-known for producing spices. It was started in 1974 as a small business in Indore and offers blended spices, soya chunks, CTC spices, western spices, and quick fry blends. The company's diverse product portfolio includes turmeric, chili powder, coriander, blended spices such as garam masala, achar masala, chat masala, and other value-added items made by using cutting-edge technology and traditional pounding methods, enabling consumers to make authentic food dishes. It is headquartered in Indore and has a present capacity of 200 metric tonnes of production every day.
SP Foods, established in 1989 and headquartered in Delhi, India, is a merchant and wholesale distributor of authentic Asian food and spices to global countries. It is primarily involved in importing and exporting quality-oriented products. The company selects branded products from well-known companies in India, considering the demand for quality products, and exports a spectrum of FMCG products to countries like Netherlands, Belgium, and Germany.
Savour India Private Limited is one of the leading suppliers, processors, and exporters of a wide range of soya products, breakfast cereals, bakery products, snacks, and spices. The company was established in 1996 and is headquartered in Delhi, India. It also offers Indian spices, pasta, snacks, popcorn, vermicelli, and whole spices. It uses advanced techniques to process all the products and adhere to international quality standards. At present, Savour India has a presence in retail and modern trade segments across the USA, Canada, Middle East, Africa, Japan, and Nepal.
Sita Shree Food Products Ltd is a leading player engaged in wheat and pulse processing. It offers wheat flour, soya chunks, soya grits, rice, chickpeas, gram flour, and soya flour under its brands Sita Shree Regular and Sita Shree Gold. The company is also a supplier to major retail players such as Reliance Retail, Pantaloon Retail, and Satnam Overseas. It was established in 1996 and is headquartered in Madhya Pradesh, India.
Established in 2015, Urban Platter has grown to become one of the leading producers of gourmet goods in India. The company started by selling various third-party brands and then focused on private-label, where it offers selective quality products. It is headquartered in Mumbai, India, and serves more than 20, 00, 000 customers annually with 1500 products in the catalog, including soya chunks, eggs, meat, milk, and wheat.
Vinayak food group is recognized as one of the most preferred Indian frozen food brands producing various ready-to-eat (RTE) food and snacks. It offers soya chunks, soya granules, mini chunks, instant mixes, frozen food, pulses, and various spices. The company was established in 2020 and is based in Gujrat, India. Besides this, Vinayak Foods Group operates brands like Quickfood and CJH and is present across seven countries with more than 200 products.
Vippy Group was started in 1922 as cotton trading and setting up of ginning and pressing facility. Later on, it was established in 1973 and since then, has grown to become one of the largest soybeans possessing company in India. It offers textured soya protein, soybean oil, soya flour, soya acid oil, soya grits, soybean meals, and various other soybean products. The company is headquartered in Madhya Pradesh, India, and exports value-added Non-GMO soya products to more than 41 countries across the globe.
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