Textured Vegetable Protein Market Report 2025

The textured vegetable protein market size has grown strongly in recent years. It will grow from $1.91 billion in 2024 to $2.04 billion in 2025 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 $23.53 billion in 2029 at a compound annual growth rate (CAGR) of 84.3%. The growth in the forecast period can be attributed to diverse product offerings, nutritional value emphasis, allergen-free and gluten-free attributes, culinary adaptability, expanded market presence. Major trends in the forecast period include product innovations, health and wellness trends, sustainability concerns, technological advancements in food processing, clean label movement.

The increasing demand for plant-based ingredients is anticipated to drive the growth of the textured vegetable protein market in the future. Plant-based ingredients are sourced from various parts of plants, including roots, fruits, vegetables, rice, wheat, maize, pulses, and other crops. This rising demand is fueled by growing health consciousness and heightened concern for animal welfare among consumers. Textured vegetable proteins serve as a plant-derived alternative to meat products. For example, in 2022, the Plant Based Foods Association, a U.S.-based non-profit organization, reported that plant-based food sales grew by 6.6% to reach $8 billion, even though unit sales, similar to those of total food and animal-based products, decreased by 3%. Research indicates that 70% of the U.S. population now consumes plant-based foods, an increase from 66% the previous year. Additionally, plant-based foods achieved a 60% household penetration rate in 2022 and an 80% repeat purchase rate across all categories. Consequently, the rising demand for plant-based ingredients is driving the growth of the textured vegetable protein market.

The growth of the vegan population is expected to further propel the textured vegetable protein market. The vegan population comprises individuals who adopt a vegan lifestyle, which involves avoiding all animal products and by-products in their diet and daily choices. Textured vegetable protein is essential for the vegan community, serving as a versatile and protein-rich meat substitute that offers a sustainable, plant-based alternative to fulfill nutritional needs. For instance, in January 2023, the U.S. Department of Agriculture's Foreign Agricultural Service, a government agency, reported that Germany had the highest rate of vegetarianism, with over 1.5 million vegans living there in 2022. This figure includes 1.58 million individuals identifying as vegans and nearly 8 million people consuming vegetarian food. In contrast, a decade ago, only 0.1 million individuals were recognized as vegans. Therefore, the increase in the vegan population is driving the growth of the textured vegetable protein market.

Product innovation is a significant trend in the textured vegetable protein market. Leading companies in the plant-based ingredients sector are dedicated to developing innovative products that serve as alternatives to traditional textured vegetable protein. For example, in February 2022, KMC, a Denmark-based ingredients company, introduced the first textured potato protein powder designed as a meat substitute. This powder can be transformed into a textured ingredient with a meat-like structure, high nutritional value, and a frying crust.

Prominent companies in the textured vegetable protein market are increasingly focusing on launching innovative plant-based proteins, such as Vertis Textured Pea Canola Protein, to establish a competitive advantage. This innovative plant-based protein solution offers high-quality nutritional benefits to meet the rising demand for alternative protein sources across various food applications. For instance, in December 2022, DSM, a Netherlands-based chemical company, unveiled the world’s first textured vegetable protein (TVP) containing all nine essential amino acids necessary for a complete protein - Vertis Textured Pea Canola Protein. This groundbreaking product is soy-free, gluten-free, and dairy-free, making it a versatile and nutritionally attractive choice for meat alternatives and plant-forward applications. Its formulation supports low-fat and low-salt recipes, boasts excellent processing capabilities, and requires a brief hydration time, making it ideal for large-scale production.

In February 2024, Cargill, a US-based global food corporation, enhanced its partnership with Enough, a sustainable protein company, through a commercial agreement to utilize and promote Enough's Abunda protein. This expanded collaboration aims to co-create nutritious and sustainable alternative meat and dairy products by leveraging Cargill's expertise in plant-based proteins, texturizers, fats, as well as its formulation and application capabilities. Enough, a UK-based food technology company, specializes in sustainable protein solutions and is recognized for developing Abunda mycoprotein, which is used in alternative protein foods.

Major companies operating in the textured vegetable protein market are Archer Daniels Midland Company, Cargill Incorporated, Roquette Freres SA, Shandong Yuxin Biotechnology Co. Ltd, Axiom Foods Inc., Kansas Protein Foods LLC, Foodchem International Corporation, Dacsa Group, Crown Soya Protein Group, Wilmar International Ltd, Fuji Oil Co. Ltd, Vestkron A/S, Ingredion Inc, Tereos Syral, Agridient B.V., Beneo GmbH, CerealVeneta S.r.l., CHS Inc., Cosucra Groupe Warcoing SA, Devansoy Inc., Emsland Group, Gushen Biological Technology Group Co. Ltd., Kerry Group PLC, MGP Ingredients Inc., Nutri Pea Ltd., Puris Proteins LLC.

North America was the largest region in the textured vegetable protein market in 2024. The regions covered in the textured vegetable protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the textured vegetable protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Textured vegetable protein, derived from soybeans, is a synthetic protein utilized in the production of items like burger patties, frankfurters, and other food products. It offers essential qualities such as texture, binding power, and chewiness, enhancing the consistency and firmness of the final product. This protein serves as a high-protein, cost-effective, and functional dietary component, often replacing or substituting meat products.

The primary types of textured vegetable protein include textured soy protein, textured wheat protein, textured pea protein, and other variations, which may include both organic and conventional options. Textured soy proteins specifically function as meat analogues or extenders, serving as a substitute derived from defatted soy flour, a by-product of soybean oil production. Textured vegetable protein finds application in food products for human consumption as well as in animal nutrition and pet food.

The textured vegetable protein market research report is one of a series of new reports that provides textured vegetable protein market statistics, including textured vegetable protein industry global market size, regional shares, competitors with a textured vegetable protein market share, detailed textured vegetable protein market segments, market trends and opportunities, and any further data you may need to thrive in the textured vegetable protein industry. This textured vegetable protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The textured vegetable protein market consists of sales of chunks, flakes, slices and granules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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