The textured vegetable protein market which was valued at USD 1.60 billion in 2021, is expected to reach a value of USD 2.59 billion by 2029, at a CAGR of 6.20% during the forecast period of 2022 to 2029.
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Global Textured Vegetable Protein Market Analysis and Size
Vegetable protein is essential in the vegan/ vegetarian diet. Individuals frequently turn to vegetable protein to obtain the proper nutrition profile that may result from a strict vegan diet. With the growing vegan population, more and more companies are attempting to adapt to the changing food culture by introducing more vegetable protein products to the market.
Data Bridge Market Research analyses that the 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. The growing vegan population around the world will be a factor in the textured vegetable protein supplements market during the forecast period.
Global Textured Vegetable Protein Market Scope
The Textured vegetable protein market is segmented on the basis of, product, form, end use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw material
- Soy
- Spirulina
- Pumpkin seed
- Hemp
- Rice
- Pea
- Others
On the basis of raw material, the textured vegetable protein market is segmented into soy, spirulina, pumpkin seed, hemp, rice, pea and others.
Distribution channel
- Supermarket
- Online stores
- DTC
- Others
On the basis of distribution channel, textured vegetable protein market is segmented into supermarket, online stores, DTC, and others.
Form
- Flakes
- Chunks
- Granules
- Other
Based on the form, the textured vegetable protein market is segmented into flakes, chunks, granules and others
End use
- Household
- Commercial
- Industrial
The textured vegetable protein market is also segmented on the basis of end use. The end use is segmented into household, commercial and industrial.
Textured Vegetable Protein Market Regional Analysis/Insights
The Textured vegetable protein market is analyzed and market size insights and trends are provided by country, product, form, end use and distribution channel as referenced above.
The countries covered in the Textured vegetable protein market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Textured Vegetable Protein Market Share Analysis
Some of the major players operating in the textured vegetable protein market are:
- ADM (US)
- Cargill (US)
- CHS (US)
- Roquette Freres (France)
- DuPont (US)
- Wilmar International (Singapore)
- The Scoular Company (US)
- Puris Foods (US)
- VestKorn (Norway)
- MGP Ingredients (US)
- Beneo GmbH (Germany)
- Shandong Yuxin Bio-Tech (China)
- FoodChem International (China)
- Shandong Wonderful Industrial Group (China)
- Axiom Foods (US)
- AGT Food Ingredients (Canada)
- Sun NutraFoods (India)
- Crown Soya Protein Group (China)
- La Troja (Spain)
- Hung Yang Foods (Taiwan)
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Textured Vegetable Protein Market Landscape
Part 04: Global Textured Vegetable Protein Market Sizing
Part 05: Global Textured Vegetable Protein Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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