Market Overview:
The global textured vegetable protein market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for processed meat products, bakery and confectionary items, beverages, and animal feed. Additionally, the growing awareness about the health benefits of consuming textured vegetable protein is also contributing to the growth of this market. On the basis of type, the global textured vegetable protein market can be segmented into protein concentrate, protein isolate, textured protein (TP), and soy flour. The TP segment is expected to grow at a higher CAGR during the forecast period as it offers various benefits such as high nutritional value, improved texture and flavor profile in food products compared to other types of proteins available in this market.
Product Definition:
Textured Vegetable Protein (TVP) is a vegetarian meat alternative made from defatted soy flour. It is often used as a meat substitute in recipes, and can be found in many vegan and vegetarian products. TVP is a good source of protein, fiber, and minerals such as iron and zinc.
Protein Concentrate:
Protein concentrates are the purest form of protein available in the market. It is a highly refined product made from vegetable sources such as soy, wheat and corn. Protein concentrates have high solubility in water, which makes it ideal for various applications including food & beverage and dietary supplement industries.
Protein Isolate:
Protein Isolate is a highly purified form of protein. It contains almost 100% of the proteins and has no fats or carbohydrates. Protein Isolates are used in various applications such as food supplements, dietary foods, functional foods and beverages among others. The growing demand for sports nutrition products owing to increasing awareness about health & fitness along with rising incidences of chronic diseases is expected to drive market growth over the forecast period.
Application Insights:
The processed meat products segment led the global textured vegetable protein market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing consumption of various processed meat products including bacon, ham, salami, sausages among others by consumers around the world. Furthermore, rising demand for these products from food processing companies and commercial entities is expected to fuel product demand over the coming years.
Bakery and confectionary application segment accounted for a significant share in 2017 owing to growing consumer preference for bakery items such as breads and rolls among other baked foods made using flour derived from cereals like wheat or barley malt that provide essential nutrients along with fiber content making them healthy alternatives compared to other snacks available in the market place.
Regional Analysis:
North America was the largest regional market in 2017 owing to high consumption of meat products and increasing health consciousness. The region is expected to maintain its dominance over the forecast period due to growing demand for processed food coupled with rising awareness about healthy diet patterns. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rapid urbanization, changing consumer lifestyle, and increasing disposable income levels in emerging economies such as China and India. Furthermore, rising awareness regarding nutritional enrichment will drive product demand further.
The industry players are focusing on expanding their business operations by introducing new products into foreign markets including Brazil, South Africa, Saudi Arabia etc., which will boost revenue growth over the forecast period.
Growth Factors:
- Increasing demand for plant-based meat alternatives: The global market for plant-based meat alternatives is projected to grow at a CAGR of more than 15% from 2019 to 2025, according to a recent study by MarketsandMarkets. This growth can be attributed to the increasing awareness about the health benefits of plant-based foods and the growing demand for healthier and sustainable food options.
- Rising consumer preference for vegan/vegetarian diets: A growing number of consumers are opting for vegan or vegetarian diets, due to concerns about animal welfare and the environment. This is driving demand for plant-based protein sources such as textured vegetable protein.
- Growing popularity of healthy snacking: There is a growing trend among consumers towards healthy snacking, which has led to an increase in demand for snacks that are high in protein and fiber content but low in calories and fat grams. Textured vegetable protein fits this bill perfectly, making it an attractive option for snack manufacturers looking to tap into this trend.
Scope Of The Report
Report Attributes
Report Details
Report Title
Textured Vegetable Protein Market Research Report
By Type
Protein Concentrate, Protein Isolate, Textured Protein, Soy Flour
By Application
Processed Meat Products, Bakery and Confectionary, Beverage, Animal Feed, Others
By Companies
ADM, Cargill, CHS, DuPont, Yuwang Group, Gushen Group, Sojaprotein, Tiancheng Group, Wonderful Industrial Group, Scents Holdings, Goldensea Industry, Shansong Biological Products, FUJIOIL, IMCOPA, Shandong Sanwei, Hongzui Group, MECAGROUP, Sonic Biochem, Henan Fiber Source
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Textured Vegetable Protein Market Report Segments:
The global Textured Vegetable Protein market is segmented on the basis of:
Types
Protein Concentrate, Protein Isolate, Textured Protein, Soy Flour
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Processed Meat Products, Bakery and Confectionary, Beverage, Animal Feed, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- Cargill
- CHS
- DuPont
- Yuwang Group
- Gushen Group
- Sojaprotein
- Tiancheng Group
- Wonderful Industrial Group
- Scents Holdings
- Goldensea Industry
- Shansong Biological Products
- FUJIOIL
- IMCOPA
- Shandong Sanwei
- Hongzui Group
- MECAGROUP
- Sonic Biochem
- Henan Fiber Source
Highlights of The Textured Vegetable Protein Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Protein Concentrate
- Protein Isolate
- Textured Protein
- Soy Flour
- By Application:
- Processed Meat Products
- Bakery and Confectionary
- Beverage
- Animal Feed
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Textured Vegetable Protein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Textured vegetable protein is a type of plant-based protein that has been ground into a fine powder. It is often used as an ingredient in vegan and vegetarian food products, as well as for supplements. Textured vegetable protein can be made from soy, wheat, corn, or other plants.
Some of the major players in the textured vegetable protein market are ADM, Cargill, CHS, DuPont, Yuwang Group, Gushen Group, Sojaprotein, Tiancheng Group, Wonderful Industrial Group, Scents Holdings, Goldensea Industry, Shansong Biological Products, FUJIOIL, IMCOPA, Shandong Sanwei, Hongzui Group, MECAGROUP, Sonic Biochem, Henan Fiber Source.
The textured vegetable protein market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Textured Vegetable Protein Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Textured Vegetable Protein Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Textured Vegetable Protein Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Textured Vegetable Protein Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Textured Vegetable Protein Market Size & Forecast, 2018-2028
4.5.1 Textured Vegetable Protein Market Size and Y-o-Y Growth
4.5.2 Textured Vegetable Protein Market Absolute $ Opportunity
Chapter 5 Global Textured Vegetable Protein Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Textured Vegetable Protein Market Size Forecast by Type
5.2.1 Protein Concentrate
5.2.2 Protein Isolate
5.2.3 Textured Protein
5.2.4 Soy Flour
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Textured Vegetable Protein Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Textured Vegetable Protein Market Size Forecast by Applications
6.2.1 Processed Meat Products
6.2.2 Bakery and Confectionary
6.2.3 Beverage
6.2.4 Animal Feed
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Textured Vegetable Protein Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Textured Vegetable Protein Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Textured Vegetable Protein Analysis and Forecast
9.1 Introduction
9.2 North America Textured Vegetable Protein Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Textured Vegetable Protein Market Size Forecast by Type
9.6.1 Protein Concentrate
9.6.2 Protein Isolate
9.6.3 Textured Protein
9.6.4 Soy Flour
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Textured Vegetable Protein Market Size Forecast by Applications
9.10.1 Processed Meat Products
9.10.2 Bakery and Confectionary
9.10.3 Beverage
9.10.4 Animal Feed
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Textured Vegetable Protein Analysis and Forecast
10.1 Introduction
10.2 Europe Textured Vegetable Protein Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Textured Vegetable Protein Market Size Forecast by Type
10.6.1 Protein Concentrate
10.6.2 Protein Isolate
10.6.3 Textured Protein
10.6.4 Soy Flour
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Textured Vegetable Protein Market Size Forecast by Applications
10.10.1 Processed Meat Products
10.10.2 Bakery and Confectionary
10.10.3 Beverage
10.10.4 Animal Feed
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Textured Vegetable Protein Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Textured Vegetable Protein Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Textured Vegetable Protein Market Size Forecast by Type
11.6.1 Protein Concentrate
11.6.2 Protein Isolate
11.6.3 Textured Protein
11.6.4 Soy Flour
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Textured Vegetable Protein Market Size Forecast by Applications
11.10.1 Processed Meat Products
11.10.2 Bakery and Confectionary
11.10.3 Beverage
11.10.4 Animal Feed
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Textured Vegetable Protein Analysis and Forecast
12.1 Introduction
12.2 Latin America Textured Vegetable Protein Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Textured Vegetable Protein Market Size Forecast by Type
12.6.1 Protein Concentrate
12.6.2 Protein Isolate
12.6.3 Textured Protein
12.6.4 Soy Flour
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Textured Vegetable Protein Market Size Forecast by Applications
12.10.1 Processed Meat Products
12.10.2 Bakery and Confectionary
12.10.3 Beverage
12.10.4 Animal Feed
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Textured Vegetable Protein Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Textured Vegetable Protein Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Textured Vegetable Protein Market Size Forecast by Type
13.6.1 Protein Concentrate
13.6.2 Protein Isolate
13.6.3 Textured Protein
13.6.4 Soy Flour
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Textured Vegetable Protein Market Size Forecast by Applications
13.10.1 Processed Meat Products
13.10.2 Bakery and Confectionary
13.10.3 Beverage
13.10.4 Animal Feed
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Textured Vegetable Protein Market: Competitive Dashboard
14.2 Global Textured Vegetable Protein Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADM
14.3.2 Cargill
14.3.3 CHS
14.3.4 DuPont
14.3.5 Yuwang Group
14.3.6 Gushen Group
14.3.7 Sojaprotein
14.3.8 Tiancheng Group
14.3.9 Wonderful Industrial Group
14.3.10 Scents Holdings
14.3.11 Goldensea Industry
14.3.12 Shansong Biological Products
14.3.13 FUJIOIL
14.3.14 IMCOPA
14.3.15 Shandong Sanwei
14.3.16 Hongzui Group
14.3.17 MECAGROUP
14.3.18 Sonic Biochem
14.3.19 Henan Fiber Source
