Global Textured Protein Market Size Study, by Application, by Form, by Product Type, and Regional Forecasts 2022-2032

Description

Global Textured Protein Market is valued at approximately USD 1.24 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.48% over the forecast period 2024-2032. Textured protein, derived from plant-based sources such as soybeans, peas, or wheat gluten, is processed to mimic the texture and taste of meat. Through methods such as extrusion or spinning, these proteins are transformed into fibrous structures, making them ideal meat substitutes in vegetarian and vegan diets. Textured proteins are versatile and can be flavored and seasoned to replicate various meats, making them a popular choice for plant-based meals.

The Global Textured Protein Market has witnessed significant growth due to increasing consumer interest in plant-based protein alternatives. As more individuals seek healthier and more sustainable dietary choices, the demand for plant-based options has surged. Textured protein offers a solution that imitates the taste and texture of meat while being derived from plant sources, appealing to those looking to reduce animal product consumption for health, environmental, or ethical reasons. Moreover, the rise in popularity of vegetarian and vegan diets has further fueled the demand for versatile and nutritious meat substitutes. Textured protein fits this demand perfectly, providing a protein-rich alternative used in a variety of dishes, from burgers to stir-fries. Food manufacturers are investing heavily in the development and marketing of textured protein products to cater to this growing market segment, driving innovation and expansion in the industry. However, certain challenges restrain the growth of the textured protein market. Allergies or sensitivities to plant-based protein sources such as soybeans or wheat gluten limit the appeal of these products among some consumers.

The key regions considered for the Global Textured Protein Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America held a major market share and is expected to grow at a significant CAGR during the forecast period. The region has seen a notable increase in the popularity of plant-based diets driven by health and environmental concerns. With a well-developed food industry infrastructure and modern technology, North America efficiently produces and distributes textured protein products. Extensive marketing efforts have made a variety of meat alternatives widely available, further supported by favorable government regulations and increased consumer acceptance of plant-based foods.

Major market players included in this report are:

MGP
Shandong Yuxin Biotechnology Co., Ltd
Axiom Foods Inc.
The Scoular Company
Foodchem International Corporation
Beneo
Kansas Protein Foods LLC
Cargill Incorporated
ADM
DuPont

The detailed segments and sub-segment of the market are explained below:

By Application:

Meat Alternatives
Soups and Stews
Snacks
Cereals
Bakery Products
Others

By Form:

Slices
Flakes
Granules
Chunks

By Product Type:

Textured Soy Protein
Textured Wheat Protein
Textured Pea Protein

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Textured Protein Market Executive Summary

1.1. Global Textured Protein Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Form
- 1.3.3. By Product Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Textured Protein Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Textured Protein Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Consumer Interest in Plant-Based Protein Alternatives
- 3.1.2. Rising Popularity of Vegetarian and Vegan Diets
- 3.1.3. Health Consciousness and Demand for Nutritious Meat Substitutes
3.2. Market Challenges
- 3.2.1. Allergies and Sensitivities to Plant-Based Protein Sources
- 3.2.2. High Production Costs and Resource Requirements
3.3. Market Opportunities
- 3.3.1. Technological Advancements in Textured Protein Processing
- 3.3.2. Increasing Investment in Plant-Based Food Products
- 3.3.3. Expanding Market for Sustainable and Ethical Food Choices

Chapter 4. Global Textured Protein Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Textured Protein Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Textured Protein Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Meat Alternatives
- 5.2.2. Soups and Stews
- 5.2.3. Snacks
- 5.2.4. Cereals
- 5.2.5. Bakery Products
- 5.2.6. Others

Chapter 6. Global Textured Protein Market Size & Forecasts by Form 2022-2032

6.1. Segment Dashboard
6.2. Global Textured Protein Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Slices
- 6.2.2. Flakes
- 6.2.3. Granules
- 6.2.4. Chunks

Chapter 7. Global Textured Protein Market Size & Forecasts by Product Type 2022-2032

7.1. Segment Dashboard
7.2. Global Textured Protein Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Textured Soy Protein
- 7.2.2. Textured Wheat Protein
- 7.2.3. Textured Pea Protein

Chapter 8. Global Textured Protein Market Size & Forecasts by Region 2022-2032

8.1. North America Textured Protein Market
- 8.1.1. U.S. Textured Protein Market
  - 8.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Form breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Product Type breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Textured Protein Market
8.2. Europe Textured Protein Market
- 8.2.1. U.K. Textured Protein Market
- 8.2.2. Germany Textured Protein Market
- 8.2.3. France Textured Protein Market
- 8.2.4. Spain Textured Protein Market
- 8.2.5. Italy Textured Protein Market
- 8.2.6. Rest of Europe Textured Protein Market
8.3. Asia-Pacific Textured Protein Market
- 8.3.1. China Textured Protein Market
- 8.3.2. India Textured Protein Market
- 8.3.3. Japan Textured Protein Market
- 8.3.4. Australia Textured Protein Market
- 8.3.5. South Korea Textured Protein Market
- 8.3.6. Rest of Asia Pacific Textured Protein Market
8.4. Latin America Textured Protein Market
- 8.4.1. Brazil Textured Protein Market
- 8.4.2. Mexico Textured Protein Market
- 8.4.3. Rest of Latin America Textured Protein Market
8.5. Middle East & Africa Textured Protein Market
- 8.5.1. Saudi Arabia Textured Protein Market
- 8.5.2. South Africa Textured Protein Market
- 8.5.3. Rest of Middle East & Africa Textured Protein Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. MGP
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Shandong Yuxin Biotechnology Co., Ltd
- 9.3.3. Axiom Foods Inc.
- 9.3.4. The Scoular Company
- 9.3.5. Foodchem International Corporation
- 9.3.6. Beneo
- 9.3.7. Kansas Protein Foods LLC
- 9.3.8. Cargill Incorporated
- 9.3.9. ADM
- 9.3.10. DuPont

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes