Textured Vegetable Protein Market, By Product Type, By Application, By Geography

Description

The textured vegetable protein market is estimated to be valued at USD 3.58 Bn in 2024 and is expected to reach USD 5.94 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.58 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.50%	2031 Value Projection:	US$ 5.94 Bn

Figure. Textured Vegetable Protein Market Share (%), By Region 2024

Textured Vegetable Protein Market - IMG1

Textured vegetable protein (TVP) is a defatted soy flour product that adds protein and fiber to food items while also increasing their bulk. It is made by extruding defatted soy flour through a spinning nozzle to create filaments or flakes that resemble ground meat when rehydrated. As a meat extender or meat analog, TVP can reduce production costs for processed foods while providing similar texture, mouthfeel, and flavor enhancing capabilities as meat. It contains all essential amino acids making it a complete plant-based protein. The growing preference for meat alternatives and vegetarian or vegan diets has led to higher demand for TVP in recent years.

Market Dynamics:

The global textured vegetable protein market is driven by the rising health consciousness among consumers and growing preference for plant-based meat alternatives. The ability of TVP to mimic meat-like textures and provide similar nutritional value to meat at lower costs has boosted its adoption in the food processing industry. However, the regulations concerning the use of textured soy protein and GMOs are expected to restrain the market growth. The growing trend of flexitarianism presents a major opportunity for TVP manufacturers to expand in the alternative meat market. Innovation of non-GMO and organic TVP products will further supplement the market growth.

Key Features of the Study:

This report provides in-depth analysis of the global textured vegetable protein market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global textured vegetable protein market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Archer Daniels Midland Company, International Flavors & Fragrances Inc., Cargill, Sudzucker AG, MGP Ingredients Inc, Roquette Freres, Shandong Yuxin Biotechnology Co., Ltd , Crown Soya Protein Group Company, The Scoular Company, Axiom Foods, Inc. , AGT Food and Ingredients, DuPont, DSM, PURIS, BENEO, Kansas Protein Foods LLC, Foodchem International Corporation, Dacsa Group, VestKorn, and Wilmar International
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global textured vegetable protein market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global textured vegetable protein market

Detailed Segmentation-

By Product Type:
- Textured Soy Protein
- Textured Wheat Protein
- Textured Pea Protein
- Other Types
By Application:
- Food Products
- Animal Nutrition/ Pet Food
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Archer Daniels Midland Company
- International Flavors & Fragrances Inc.
- Cargill
- Sudzucker AG
- MGP Ingredients Inc
- Roquette Freres
- Shandong Yuxin Biotechnology Co., Ltd
- Crown Soya Protein Group Company
- The Scoular Company
- Axiom Foods, Inc.
- AGT Food and Ingredients
- DuPont
- DSM
- PURIS
- BENEO
- Kansas Protein Foods LLC
- Foodchem International Corporation
- Dacsa Group
- VestKorn
- Wilmar International

Product Code: CMI5160

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Textured Vegetable Protein Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Textured Vegetable Protein Market
Impact Analysis

5. Global Textured Vegetable Protein Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Textured Soy Protein
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Textured Wheat Protein
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Textured Pea Protein
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Other Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Textured Vegetable Protein Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Food Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Animal Nutrition/Pet Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Textured Vegetable Protein Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Archer Daniels Midland Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- International Flavors & Fragrances Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Cargill
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sudzucker AG
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- MGP Ingredients Inc
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Roquette Freres
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Shandong Yuxin Biotechnology Co., Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Crown Soya Protein Group Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- The Scoular Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Axiom Foods, Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- AGT Food and Ingredients
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- DuPont
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- DSM
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- PURIS
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- BENEO
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Kansas Protein Foods LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Foodchem International Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Dacsa Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- VestKorn
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Wilmar International
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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