Market Expansion: Textured Vegetable Protein

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Textured Vegetable Protein Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Textured Vegetable Protein Global Market Report 2024, The textured vegetable protein market size has grown strongly in recent years. It will grow from $1.78  billion in 2023 to $1.91  billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The  growth in the historic period can be attributed to globalization of dietary trends, retail and foodservice adoption, shift in consumer preferences, food security, cost-effectiveness.The textured vegetable protein market size is expected to see exponential growth in the next few years. It will grow to $10.65  billion in 2028 at a compound annual growth rate (CAGR) of 53.8%.

The growing demand for plant-based ingredients is expected to propel the growth of the textured vegetable protein market. Plant-based ingredients are extracted from various plant sources, including roots, fruits, vegetables, rice, wheat, maize, pulses, and other food crops. The increasing demand for plant-based ingredients is driven by a growing awareness of health-conscious choices and a heightened concern for animal welfare.Textured vegetable proteins, derived from plants, serve as an alternative to meat products, catering to the rising demand for plant-based diets. In 2021, the Plant Based Foods Association, a US-based non-profit organization, reported that the market value of plant-based foods in the U.S. reached $7.4 billion, indicating a 6.2% growth compared to 2020. This significant growth underscores the increasing popularity and acceptance of plant-based food choices, contributing to the expansion of the textured vegetable protein market.

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The textured vegetable protein market covered in this report is segmented –
1) By Product Type: Textured Soy Protein, Textured Wheat Protein, Textured Pea Protein, Other Product Types
2) By Nature: Organic, Conventional
3) By Application: Food Products, Animal Nutrition/Pet Food

Top Major Players

Archer Daniels Midland Company,

Cargill Incorporated,

DuPont de Nemours Inc.,

Roquette Freres SA,

Shandong Yuxin Biotechnology Co. Ltd.

The textured vegetable protein market report table of contents includes:
           1. Executive Summary

2. Textured Vegetable Protein Market Characteristics
3. Textured Vegetable Protein Market Trends And Strategies
4. Textured Vegetable Protein Market – Macro Economic Scenario
5. Global Textured Vegetable Protein Market Size and Growth
6. Textured Vegetable Protein Market Segmentation
7. Textured Vegetable Protein Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Textured Vegetable Protein Market
34. Textured Vegetable Protein Market Future Outlook and Potential Analysis
35. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Textured Vegetable Protein Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Textured Vegetable Protein Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Textured Vegetable Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………..

Table 74: Archer Daniels Midland Company Financial Performance

Table 75: Cargill Incorporated Financial Performance

Table 76: DuPont de Nemours Inc. Financial Performance

Table 77: Roquette Freres SA Financial Performance

Table 78: Shandong Yuxin Biotechnology Co. Ltd Financial Performance

                             

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