Textured Vegetable Protein Market

Reports

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Textured vegetable protein is the by-product derived from various types of vegetable ingredients processing and using as a substitute for meat owing to its same content of protein to meats. This protein is a defatted form of vegetable proteins which are very simple in their cooking procedure. These proteins are discovered by having a texturized structural integrity enhancing the chewiness and consistence of the food products they are utilized in. As consumers become more health-conscious and environmentally aware, there is a significant shift towards plant-based diets. Textured Vegetable Protein serves as an excellent source of plant-based protein, offering an alternative to animal-derived proteins such as meat and dairy. But somehow, the competition from other plant-based protein players is the factor restricting the textured vegetable protein market growth. The Textured Vegetable Protein Market is projected to grow at the rate of 7.06% CAGR by 2028.

Textured Vegetable Protein Market by Source:

Soy
Pea
Wheat

Textured Vegetable Protein Market by Type:

Slices
Flakes
Chunks
Granules

Textured Vegetable Protein Market by Application:

Meat alternatives
Cereals & snacks
Other applications

Textured Vegetable Protein Market by Geography:

North America
Europe
Asia Pacific
Rest of the World

In the market based on source, the soy segment is having the major share in the textured vegetable protein market. This is because it is a low fat protein vegetable source and it is often taken as substitute for meat owing to the low cost compared to animal based protein. Since, textured soy is taken as perfect substitute for meat it is gaining more demand among vegan consumers thus these features of soy are majorly responsible for increasing demand for soy as an important source for textured vegetable protein.

In terms of type of the textured vegetable protein, the granules type has more demand in the market. This is because of its broad range of applications, versatility, and easiness. TVP granules are generally used as a ground meat alternative, making them apt for various dishes which need a minced or crumbled texture. The granules segment serves to the demand for plant-based protein in products such as sausages, vegetarian burgers, lasagnas and other processed meat analogs.

As per the application of the textured vegetable protein it is primarily used as the meat alternatives where meat alternatives are having a highest share in the market growth. This is attributed to the increasing awareness among the public about the benefits of protein, increasing rate of vegan population where they prefer only vegetarian food. Additionally, the soy source protein is helpful in chronic diseases and also helps in better body function compared to meat.

As observed in regional market, the North America is having the substantial share in the market. Since, the increase in the population of vegans is driving the market growth in the region. In addition, the increasing preference for plant-based food in hospitals since the healthcare facilities are offering vegan meals over the processed meat food is boosting the demand for textured vegetable protein in this region.

Furthermore, the global shift towards plant-based diets and the growing awareness of the environmental impact of meat consumption are driving the global demand for plant-based proteins, including textured vegetable protein. Consumers are seeking healthier and more sustainable alternatives to traditional animal-based proteins, which has led to an increased demand for textured vegetable protein products.

This report offers the various leading profiles of market players such as Archer-Daniels-Midland Company, Cargill Inc., Axiom foods, inc., Mgp ingredients, Foodchem International Corporation, Dacsa group, Shandong yuxin biotechnology co., ltd., Linyi shansong biological products co., ltd, Sotexpro and Puris foods.

Hence, owing to the health benefits of the textured vegetable protein and increasing awareness about the plant based protein compared to meat protein is gaining a momentum in the market growth. Besides that, the importance of protein in the daily diet is major aspect to drive the product demand.

This report gives the comprehensive analysis of the market growth factors, hampering factors and also opportunities and challenges in the market.
This report depicts the major regions of the market and the major share of the regions.
This report also describes the market competitive outlook in terms of major market player’s profiles.
The report also gives the information of market players about their productive strategies, products portfolio and new developments in the products.

Additional information

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - PEST Analysis
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Evolution
- Market Trends and Impact
- Advantages/Disadvantages of Market
- Regulatory Impact
- Market Offerings
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Source: Market Size & Analysis
- Overview
- Soy
- Pea
- Wheat
Type: Market Size & Analysis
- Overview
- Slices
- Flakes
- Chunks
- Granules
Application: Market Size & Analysis
- Overview
- Meat alternatives
- Cereals & snacks
- Other applications
Geography: Market Size & Analysis
- Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution
Vendor Profiles
- Archer-Daniels-Midland Company
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Cargill Inc.
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Axiom foods, inc.
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Mgp ingredients
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Foodchem international corporation
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Dacsa group
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Shandong yuxin biotechnology co., ltd.
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Linyi shansong biological products co., ltd
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Sotexpro
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy
- Puris foods
  - Overview
  - Product Offerings
  - Geographic Revenue
  - Business Units
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 2. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR SOY, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 3. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR PEA, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 4. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR WHEAT, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 5. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 6. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR SLICES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 7. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR FLAKES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 8. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR CHUNKS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 9. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR GRANULES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 10. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 11. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR MEAT ALTERNATIVES, 2022-2028 (USD BILLION)

TABLE 12. GLOBAL TEXTURED VEGETABLE PROTEINMARKET VALUE FOR CEREALS & SNACKS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 13. GLOBAL TEXTURED VEGETABLE PROTEIN MARKET VALUE FOR OTHER APPLICATIONS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 14. NORTH AMERICA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 15. NORTH AMERICA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 16. NORTH AMERICA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 17. NORTH AMERICA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 18. U.S TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 19. U.S TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 20. U.S TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 21. CANADA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 22. CANADA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 23. CANADA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 24. EUROPE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 25. EUROPE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 26. EUROPE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 27. EUROPE TEXTURED VEGETABLE PROTEIN MARKET VALUE, APPLICATION, 2022-2028 (USD BILLION)

TABLE 28. GERMANY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 29. GERMANY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 30. GERMANY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 31. U.K TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 32. U.K TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 33. U.K TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 34. FRANCE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 35. FRANCE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 36. FRANCE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 37. ITALY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 38. ITALY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 39. ITALY TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 40. SPAIN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 41. SPAIN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 42. SPAIN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 43. ROE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 44. ROE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 45. ROE TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 46. ASIA PACIFC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 47. ASIA PACIFC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 48. ASIA PACIFC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 49. ASIA PACIFC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 50. CHINA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 51. CHINA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 52. CHINA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 53. INDIA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 54. INDIA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 55. INDIA TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 56. JAPAN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 57. JAPAN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 58. JAPAN TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 59. REST OF APAC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 60. REST OF APAC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 61. REST OF APAC TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 62. REST OF WORLD TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)

TABLE 63. REST OF WORLD TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 64. REST OF WORLD TEXTURED VEGETABLE PROTEIN MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)

TABLE 65. ARCHER-DANIELS-MIDLAND COMPANY: OVERVIEW

TABLE 66. ARCHER-DANIELS-MIDLAND COMPANY: STRATEGIC SNAPSHOT

TABLE 67. ARCHER-DANIELS-MIDLAND COMPANY: BUSINESS FOCUS

TABLE 68. ARCHER-DANIELS-MIDLAND COMPANY: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 69. CARGILL INC.: OVERVIEW

TABLE 70. CARGILL INC.: STRATEGIC SNAPSHOT

TABLE 71. CARGILL INC.: BUSINESS FOCUS

TABLE 72. CARGILL INC.: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 73. AXIOM FOODS, INC.: OVERVIEW

TABLE 74. AXIOM FOODS, INC.: STRATEGIC SNAPSHOT

TABLE 75. AXIOM FOODS, INC.: BUSINESS FOCUS

TABLE 76. AXIOM FOODS, INC.: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 77. MGP INGREDIENTS: OVERVIEW

TABLE 78. MGP INGREDIENTS: STRATEGIC SNAPSHOT

TABLE 79. MGP INGREDIENTS: BUSINESS FOCUS

TABLE 80. MGP INGREDIENTS: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 81. FOODCHEM INTERNATIONAL CORPORATION: OVERVIEW

TABLE 82. FOODCHEM INTERNATIONAL CORPORATION: STRATEGIC SNAPSHOT

TABLE 83. FOODCHEM INTERNATIONAL CORPORATION: BUSINESS FOCUS

TABLE 84. FOODCHEM INTERNATIONAL CORPORATION: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 85. DACSA GROUP: OVERVIEW

TABLE 86. DACSA GROUP: STRATEGIC SNAPSHOT

TABLE 87. DACSA GROUP: BUSINESS FOCUS

TABLE 88. DACSA GROUP: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 89. SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: OVERVIEW

TABLE 90. SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: STRATEGIC SNAPSHOT

TABLE 91. SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: BUSINESS FOCUS

TABLE 92. SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 93. LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: OVERVIEW

TABLE 94. LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: STRATEGIC SNAPSHOT

TABLE 95. LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: BUSINESS FOCUS

TABLE 96. LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 97. SOTEXPRO: OVERVIEW

TABLE 98. SOTEXPRO: STRATEGIC SNAPSHOT

TABLE 99. SOTEXPRO: BUSINESS FOCUS

TABLE 100. SOTEXPRO: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 101. PURIS FOODS: OVERVIEW

TABLE 102. PURIS FOODS: STRATEGIC SNAPSHOT

TABLE 103. PURIS FOODS: BUSINESS FOCUS

TABLE 104. PURIS FOODS: APPLICATION/SERVICE PROVIDER PORTFOLIO