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Textured Vegetable Protein Market by Source, Type, Application and Geography - Forecast to 2028- Product Image
Textured Vegetable Protein Market by Source, Type, Application and Geography - Forecast to 2028- Product Image
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Textured Vegetable Protein Market by Source, Type, Application and Geography - Forecast to 2028

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  • 101 Pages
  • July 2023
  • Region: Global
  • IHR Insights
  • ID: 5322029
UP TO OFF until Dec 31st 2024
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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 textured vegetable protein 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 textured vegetable protein 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.

Table of Contents

1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. PEST Analysis
3.2.2. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Evolution
4.2. Market Trends and Impact
4.3. Advantages/Disadvantages of Market
4.4. Regulatory Impact
4.5. Market Offerings
4.6. Market Segmentation
4.7. Market Dynamics
4.7.1. Drivers
4.7.2. Restraints
4.7.3. Opportunities
4.8. DRO - Impact Analysis
5. Source: Market Size & Analysis
5.1. Overview
5.2. Soy
5.3. Pea
5.4. Wheat
6. Type: Market Size & Analysis
6.1. Overview
6.2. Slices
6.3. Flakes
6.4. Chunks
6.5. Granules
7. Application: Market Size & Analysis
7.1. Overview
7.2. Meat alternatives
7.3. Cereals & snacks
7.4. Other applications
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. Archer-Daniels-Midland Company
10.1.1. Overview
10.1.2. Product Offerings
10.1.3. Geographic Revenue
10.1.4. Business Units
10.1.5. Developments
10.1.6. Business Strategy
10.2. Cargill Inc.
10.2.1. Overview
10.2.2. Product Offerings
10.2.3. Geographic Revenue
10.2.4. Business Units
10.2.5. Developments
10.2.6. Business Strategy
10.3. Axiom foods, inc.
10.3.1. Overview
10.3.2. Product Offerings
10.3.3. Geographic Revenue
10.3.4. Business Units
10.3.5. Developments
10.3.6. Business Strategy
10.4. Mgp ingredients
10.4.1. Overview
10.4.2. Product Offerings
10.4.3. Geographic Revenue
10.4.4. Business Units
10.4.5. Developments
10.4.6. Business Strategy
10.5. Foodchem international corporation
10.5.1. Overview
10.5.2. Product Offerings
10.5.3. Geographic Revenue
10.5.4. Business Units
10.5.5. Developments
10.5.6. Business Strategy
10.6. Dacsa group
10.6.1. Overview
10.6.2. Product Offerings
10.6.3. Geographic Revenue
10.6.4. Business Units
10.6.5. Developments
10.6.6. Business Strategy
10.7. Shandong yuxin biotechnology co., ltd.
10.7.1. Overview
10.7.2. Product Offerings
10.7.3. Geographic Revenue
10.7.4. Business Units
10.7.5. Developments
10.7.6. Business Strategy
10.8. Linyi shansong biological products co., ltd
10.8.1. Overview
10.8.2. Product Offerings
10.8.3. Geographic Revenue
10.8.4. Business Units
10.8.5. Developments
10.8.6. Business Strategy
10.9. Sotexpro
10.9.1. Overview
10.9.2. Product Offerings
10.9.3. Geographic Revenue
10.9.4. Business Units
10.9.5. Developments
10.9.6. Business Strategy
10.10. Puris foods
10.10.1. Overview
10.10.2. Product Offerings
10.10.3. Geographic Revenue
10.10.4. Business Units
10.10.5. Developments
10.10.6. Business Strategy
11. Analyst Opinion
12. Annexure
12.1. Report Scope
12.2. Market Definitions
12.3. Research Methodology
12.3.1. Data Collation and In-house Estimation
12.3.2. Market Triangulation
12.3.3. Forecasting
12.4. Report Assumptions
12.5. Declarations
12.6. Stakeholders
  • Abbreviations
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
List of Figures
Chart. 1. Global Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 2. Global Textured Vegetable Protein Market Value for Soy, by Geography, 2022-2028 (USD Billion)
Chart. 3. Global Textured Vegetable Protein Market Value for Pea, by Geography, 2022-2028 (USD Billion)
Chart. 4. Global Textured Vegetable Protein Market Value for Wheat, by Geography, 2022-2028 (USD Billion)
Chart. 5. Global Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 6. Global Textured Vegetable Protein Market Value for Slices, by Geography, 2022-2028 (USD Billion)
Chart. 7. Global Textured Vegetable Protein Market Value for Flakes, by Geography, 2022-2028 (USD Billion)
Chart. 8. Global Textured Vegetable Protein Market Value for Chunks, by Geography, 2022-2028 (USD Billion)
Chart. 9. Global Textured Vegetable Protein Market Value for Granules, by Geography, 2022-2028 (USD Billion)
Chart. 10. Global Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 11. Global Textured Vegetable Protein Market Value for Meat Alternatives, 2022-2028 (USD Billion)
Chart. 12. Global Textured Vegetable Proteinmarket Value for Cereals & Snacks, by Geography, 2022-2028 (USD Billion)
Chart. 13. Global Textured Vegetable Protein Market Value for Other Applications, by Geography, 2022-2028 (USD Billion)
Chart. 14. North America Textured Vegetable Protein Market Value, by Country, 2022-2028 (USD Billion)
Chart. 15. North America Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 16. North America Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 17. North America Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 18. U.S Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 19. U.S Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 20. U.S Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 21. Canada Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 22. Canada Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 23. Canada Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 24. Europe Textured Vegetable Protein Market Value, by Country, 2022-2028 (USD Billion)
Chart. 25. Europe Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 26. Europe Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 27. Europe Textured Vegetable Protein Market Value, Application, 2022-2028 (USD Billion)
Chart. 28. Germany Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 29. Germany Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 30. Germany Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 31. U.K Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 32. U.K Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 33. U.K Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 34. France Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 35. France Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 36. France Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 37. Italy Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 38. Italy Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 39. Italy Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 40. Spain Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 41. Spain Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 42. Spain Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 43. Roe Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 44. Roe Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 45. Roe Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 46. Asia Pacifc Textured Vegetable Protein Market Value, by Country, 2022-2028 (USD Billion)
Chart. 47. Asia Pacifc Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 48. Asia Pacifc Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 49. Asia Pacifc Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 50. China Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 51. China Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 52. China Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 53. India Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 54. India Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 55. India Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 56. Japan Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 57. Japan Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 58. Japan Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 59. Rest of APAC Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 60. Rest of APAC Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 61. Rest of APAC Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)
Chart. 62. Rest of World Textured Vegetable Protein Market Value, by Source, 2022-2028 (USD Billion)
Chart. 63. Rest of World Textured Vegetable Protein Market Value, by Type, 2022-2028 (USD Billion)
Chart. 64. Rest of World Textured Vegetable Protein Market Value, by Application, 2022-2028 (USD Billion)

Companies Mentioned

  • 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
  • Puris foods

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