Textured Vegetable Protein Market which was valued at USD 1.60 billion in 2021, is expected to reach the value of USD 2.59 billion by 2029, at a CAGR of 6.20% during the forecast period of 2022 to 2029. A plant-based protein that is especially generated from pea, soyabean, wheat, and other grains is known as textured vegetable protein. It is a meat alternative that is low in fat and cholesterol and high in protein and fibre. After processing, the textured vegetable protein is a dry, shelf-stable product that comes in a variety of shapes, including granules, flakes, chunks, and others. There are numerous protein variations on the market. These consist of textured soy protein, textured wheat protein, and other proteins. An increase in the desire for healthy diets has increased consumer interest for textured vegetable proteins, particularly textured soy protein. The market for textured vegetable protein is expanding due to the increase in demand from vegetarian consumers seeking protein-rich meals.
The Business Industry Insights research report on the Market segments the market and casts a shadow over the top market players, highlighting their advantageous competitive positioning and long-term trends. The sales and revenue for the historical and anticipated period of 2023 to 2032 are included in this study. Recognizing the significance of many elements that support the growth of the Market is made easier by understanding the segments.
The study provides a thorough analysis of the Market’s expansion and other characteristics in significant geographic areas. The report was put together after watching and researching a number of elements, including the region’s economic, environmental, social, technological, and political condition, that affect regional growth. Analysts have examined each region’s data on sales, output, and manufacturers. This section examines revenue and volume breakdowns by region from 2023 through 2032. The reader will gain insight into the possible value of investment in a specific area thanks to these evaluations.
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Global Textured Vegetable Protein Market: Major Players
Shansong Biological Products
DuPont
MECAGROUP
Sojaprotein
Henan Fiber Source
FUJIOIL
Goldensea Industry
IMCOPA
Cargill
Hongzui Group
ADM
CHS
Tiancheng Group
Scents Holdings
Shandong Sanwei
Yuwang Group
Sonic Biochem
Wonderful Industrial Group
Gushen Group
Global Textured Vegetable Protein Market: Types
Protein Concentrate
Protein Isolate
Textured Protein
Soy Flour
Global Textured Vegetable Protein Market: Applications
Processed Meat Products
Bakery and Confectionary
Beverage
Animal Feed
Others
Global Textured Vegetable Protein Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Market Opportunity:
Soybeans, wheat, and peas are the traditional sources used to extract textured vegetable proteins. The majority of textured vegetable protein comes from soy. Other sources like lentils, beans, oats, rice, and chia seeds have been investigated by manufacturers. Vegetable protein, as well as a number of other vitamins and minerals, are abundant in fava. They include a lot of soluble fibre as well, which can improve digestion and reduce cholesterol. When extracted, broad beans can also offer over 46% of the necessary macronutrient protein. As a result, wide beans become an essential substitute for textured plant proteins. Protein-rich edible legumes called lentils grow as pod-like plants. In the nations of the Middle East and Asia-Pacific, they were offered for sale dry.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2023 to 2032 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes the regional as well as global market analysis, key players, market segments, and growth strategies.
- In-depth analysis and the market size and segmentation assists in determining the prevailing market opportunities.
- Major countries in each region have been mapped according to their revenue contribution to the global industry.
