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Textured Vegetable Protein Market by Type (Slices, Chunks, Flakes, and Granules), Source (Soy, Wheat, and Pea), Application (Meat Alternatives, Cereals & Snacks), Form (Dry and Wet), Nature and Region - Global Forecast to 2027

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    Report

  • 239 Pages
  • July 2022
  • Region: Global
  • Markets and Markets
  • ID: 5144976
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Growing Adoption of Meat Alternatives to Drive the Market

The global textured vegetable protein market is estimated to be valued at USD 1.4 billion in 2022. It is projected to reach USD 1.9 billion by 2027, recording a CAGR of 6.9% during the forecast period. The textured vegetable protein market is driven by the rise in the detrimental effects of conventional meat production and health concerns among consumers. This has increased the demand for meat alternatives and advancements in the research and development activities for substituting traditional meat products. The global meat market has witnessed a huge change in consumer consumption patterns. There has been discrete competition and disruption driven by the rapid growth of viable meat alternatives across various food categories. The vegan trend has propelled a large percentage of consumers in the Western region toward a healthier lifestyle, resulting in manufacturers investing heavily in the development of meat alternatives, thereby fueling the demand for textured vegetable protein in the food industry. 

Consumers of the US are highly driven by the impact of meat consumption and hence inclined more toward meat alternatives resulting in the increase in demand of textured vegetable protein.

The US is a global powerhouse for consumers adopting meat alternatives. It has been the dominant country regarding textured vegetable protein demand and supply. Consumers in the US are highly driven by the environmental impact of conventional meat consumption. They are inclined toward adopting meat alternatives, resulting in a growing textured protein market. Textured proteins from sources, such as soy, wheat, and pea, are emerging as key ingredients used in meat alternatives due to the rising demand for food substitutes with functional benefits. According to the National Centre for Health Statistics (NCHS), about one-third of the US adults aged 20 and older were found obese in 2019. Also, in a study published in the American Journal of Epidemiology, researchers found that the mitigating consumption of meat products can decrease the risk of coronary heart disease (CHD). As per the World Health Organization record, in 2022, the United States reported having the 12th highest obesity rate, at 36.2%. This has resulted in more people shifting their preferences to meat alternatives. 

The increase in the use of alternative meat in various food applications has driven the demand for textured vegetable protein.

Textured vegetable proteins (TVPs) have been used to extend ground meat to reduce the cost without reducing the nutritional value. The addition of TVPs influences the quality of ground meat products based on the textured protein content added to them. A meat analogue, also called a meat substitute, mock meat, faux meat, or imitation meat, mimics certain aesthetic qualities and chemical characteristics of specific types of meat. The consumption of plant proteins in food products has been increasing over the years because of livestock-associated diseases, projected global shortage of animal protein, environmental concerns, strong demand for wholesome and religious (halal) food, and economic reasons.

Texturized vegetable proteins can substitute meat products while providing an economical, functional, and high-protein food ingredient or can be consumed directly as a meat analogue. Meat analogues are successful because of their healthy image (cholesterol-free), meat-like texture, and low cost. Texturized vegetable proteins and several mycoprotein-based products are accepted as analogues of food.

During the processing of the wet textured protein multiple functional ingredients can be introduced, increasing its scope of customization and hence driving its growth during the forecast period.

Wet textured vegetable proteins, also referred to as wet-milled proteins, are among the key variants utilized by manufacturers for the production of meat extenders or analogues. Wet textured vegetable proteins are manufactured using margination, coating, and cooling. Unlike dry vegetable protein, wet textured protein utilizes water introduced during the extrusion process. This form of processing involves the consumption of a sufficient amount of water and energy. During protein extraction, the source crop is dispersed in water so that other components, such as carbohydrates, are extracted through ultrafiltration or iso-electric precipitation. Moreover, when it undergoes isoelectric precipitation, the dissolved proteins are precipitated out of the aqueous phase and are collected in a separate decanter. The precipitated protein is separated through filtration or centrifugation.

The break-up of Primaries:

  • By Company: Tier 1 - 40%, Tier 2 - 35%, Tier 3 - 25%
  • By Designation: Managers - 25%, D-Level- 30%, and C-Level- 45%
  • By Region: Europe - 30%, Asia Pacific - 35%, North America - 25%, RoW - 10%

Leading players profiled in this report: 

  • Cargill Incorporated (US) 
  • ADM (US) 
  • DuPont (US) 
  • Ingredion (US)
  • DSM (Netherlands)
  • Roquette Frères (France)
  • DuPont (US)
  • The Scoular Company (US)
  • PURIS (US)
  • Beneo (Germany)
  • Axiom Foods Inc. (US)
  • Shandong Yuxin Biotechnology Co., Ltd (China)
  • MGP (US)
  • Kansas Protein Foods LLC (US)
  • Foodchem International Corporation (China)
  • DACSA Group (Spain)

Research Coverage:

The report segments the textured vegetable protein market on the basis of type, source, form, application, nature, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global textured vegetable protein, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

  • To get a comprehensive overview of the textured vegetable protein market
  • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights about the major countries/regions in which the textured vegetable protein market is flourishing

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Textured Vegetable Protein: Market Segmentation
1.3.1 Inclusions and Exclusions
Figure 2 Geographic Scope
1.4 Years Considered
1.5 Currency Considered
Table 1 Us Dollar Exchange Rates Considered, 2019-2021
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Textured Vegetable Protein Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
Figure 4 Textured Vegetable Protein Market Estimation, by Type (Supply Side)
Figure 5 Textured Vegetable Protein Market Estimation (Demand Side)
2.2.1 Bottom-Up Approach
Figure 6 Textured Vegetable Protein Market: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 7 Textured Vegetable Protein Market: Top-Down Approach
2.3 Data Triangulation
Figure 8 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations and Associated Risks

3 Executive Summary
Table 2 Textured Vegetable Protein Market Snapshot, 2022 Vs. 2027
Figure 9 Textured Vegetable Protein Market, by Type, 2022 Vs. 2027 (USD Million)
Figure 10 Textured Vegetable Protein Market, by Application, 2022 Vs. 2027 (USD Million)
Figure 11 Textured Vegetable Protein Market, by Source, 2022 Vs. 2027 (USD Million)
Figure 12 Textured Vegetable Protein Market, by Form, 2022 Vs. 2027 (USD Million)
Figure 13 Textured Vegetable Protein Market Share (Value), by Region, 2021

4 Premium Insights
4.1 Overview of Textured Vegetable Protein Market
Figure 14 Growing Adoption of Meat Alternatives and Increase in Health Cognizance Among Consumers
4.2 North America: Textured Vegetable Protein Market, by Application and Country
Figure 15 Us and Meat Alternatives Segment Accounted for Significant Market Share in 2021
4.3 Textured Vegetable Protein Market, by Type and Region
Figure 16 Slices Segment Expected to Dominate Market
4.4 Textured Vegetable Protein Market, by Nature
Figure 17 Conventional Segment Expected to Account for Larger Market Size by 2027
4.5 Textured Vegetable Protein Market: Major Regional Submarkets
Figure 18 Us Accounted for Largest Market Share Globally in 2021

5 Market Overview
5.1 Introduction
Figure 19 Consumer Price Index for Food and Non-Alcoholic Beverages, Percentage Change, 2018-2021
5.2 Market Dynamics
Figure 20 Textured Vegetable Protein Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of Meat Alternatives
Figure 21 Impact of COVID-19 Outbreak on Us Food Retail Sales of Meat and Meat Alternatives and Fresh Meat in 2020
5.2.1.2 Increase in Health Awareness
Figure 22 Growth of Plant-Based Meat and Animal Meat Retail Sales in Us, 2019
Figure 23 Growth in Plant-Based Product Categories in Us, 2021
Table 3 Europe: Meat Substitutes Sales Vs. Conventional Meat Sales, 2013 Vs. 2018 (Volume)
Figure 24 European Plant-Based Protein Market Share of Prominent Countries
5.2.1.3 Innovations and Developments Augmenting Vegan Trend
5.2.1.4 Growth in Investments and Collaborations in Plant-Sourced Food Business
Figure 25 Greenhouse Gas Emissions from Average Food Consumption, by Food Type, 2018
5.2.2 Restraints
5.2.2.1 Allergies Associated with Vegetable Protein Sources
Figure 26 US: Population with Food Allergies, 2019
5.2.2.2 Processing Complexities
5.2.3 Opportunities
5.2.3.1 Economical Solutions Using Plant-Based Ingredients
5.2.3.2 Developments in Extraction of Textured Vegetable Protein from New Sources
5.2.4 Challenges
5.2.4.1 Stringent Government Regulations and Safety Concerns due to Inclusion of Gm Ingredients
5.2.4.2 Unpleasant Flavor of Soy

6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Research and Product Development
6.2.2 Raw Material Sourcing
6.2.3 Production and Processing
6.2.4 Distribution
6.2.5 Marketing and Sales
Figure 27 Value Chain Analysis of Textured Vegetable Protein Market
6.3 Supply Chain Analysis
Figure 28 Textured Vegetable Protein Market: Supply Chain
6.4 Technology Analysis
6.4.1 Computational Protein Design
6.4.2 Technological Advancements Within Extrusion Process
6.5 Pricing Analysis
6.5.1 Average Selling Price Charged by Key Players, by Source
Figure 29 Average Selling Price, by Source, 2022
Table 4 Average Selling Price from Key Players, by Source (Usd/Kg)
Figure 30 Average Selling Price in Key Regions, by Source, 2022 (Usd/Kg)
Table 5 Soy: Average Selling Price (ASP), by Region, 2018-2021 (Usd/Kg)
Table 6 Wheat: Average Selling Price (ASP), by Region, 2018-2021(Usd/Kg)
Table 7 Pea: Average Selling Price (ASP), by Region, 2018-2021 (Usd/Kg)
6.6 Market Mapping and Ecosystem of Textured Vegetable Protein
6.6.1 Demand Side
6.6.2 Supply Side
Figure 31 Plant-Based Protein: Market Map
6.6.3 Ecosystem Map
Table 8 Textured Vegetable Protein Market: Ecosystem
6.7 Trends/Disruptions Impacting Customers’ Business
6.7.1 Revenue Shift and New Revenue Pockets for Textured Vegetable Protein Manufacturers
Figure 32 Revenue Shift for Textured Vegetable Protein Market
6.8 Textured Vegetable Protein Market: Patent Analysis
Figure 33 Number of Patents Granted Between 2012 and 2022
Figure 34 Top Ten Applicants with Highest Number of Patent Documents
Table 9 Top Applicants and Their Documents Count, 2019-2022
Figure 35 Patents Granted for Textured Vegetable Protein Market, by Key Regions, 2012-2022
Table 10 List of Patents in Textured Vegetable Protein Market, 2020-2022
6.8.1 List of Major Patents
6.9 Trade Data: Textured Vegetable Protein Market
6.9.1 Trade Data: Plant-Based Protein Sources
Figure 36 Soy Imports, by Key Countries, 2017-2021 (Tons)
Figure 37 Soy Exports, by Key Countries, 2017-2021 (Tons)
Table 11 Top Ten Soybean Importers and Exporters, 2021 (Tons)
Figure 38 Wheat Imports, by Key Countries, 2017-2021 (Tons)
Figure 39 Wheat Exports, by Key Countries, 2017-2021 (Tons)
Table 12 Top Ten Wheat Importers and Exporters, 2021 (Tons)
Figure 40 Pea Imports, by Key Countries, 2017-2021 (Tons)
Figure 41 Pea Exports, by Key Countries, 2017-2021 (Tons)
Table 13 Top Ten Pea Importers and Exporters, 2021 (Tons)
6.10 Case Studies
6.10.1 Ingredion: Texturized Pea Protein with Meat Bite
6.10.2 Roquette Freres: Organic Range of Textured Vegetable Protein
6.11 Key Conferences and Events, 2022-2023
Table 14 Key Conferences and Events, 2022-2023
6.12 Tariff and Regulatory Landscape
6.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.12.2 Regulations
6.12.2.1 North America
6.12.2.2 Europe
6.12.2.3 Asia-Pacific
6.12.2.4 Rest of the World
6.13 Porter's Five Forces Analysis
Table 19 Textured Vegetable Protein Market: Porter's Five Forces Analysis
6.13.1 Degree of Competition
6.13.2 Bargaining Power of Suppliers
6.13.3 Bargaining Power of Buyers
6.13.4 Threat of Substitutes
6.13.5 Threat of New Entrants
6.14 Key Stakeholders and Buying Criteria
6.14.1 Key Stakeholders in Buying Process
Figure 42 Influence of Stakeholders in Buying Process, by Type
Table 20 Influence of Stakeholders in Buying Process, by Type
6.14.2 Buying Criteria
Table 21 Key Criteria for Selecting Supplier/Vendor, by Type
Figure 43 Key Criteria for Selecting Supplier/Vendor

7 Textured Vegetable Protein Market, by Type
7.1 Introduction
Figure 44 Textured Vegetable Protein Market, by Type, 2022 Vs. 2027 (USD Million)
Table 22 Textured Vegetable Protein Market, by Type, 2018-2021 (USD Million)
Table 23 Textured Vegetable Protein Market, by Type, 2022-2027 (USD Million)
7.2 Slices
7.2.1 Use of Textured Vegetable Protein Slices as Healthy Meat Substitute
Table 24 Slices: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 25 Slices: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
7.3 Flakes
7.3.1 High Protein and Low Fats Boosting Growth of Flakes
Table 26 Flakes: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 27 Flakes: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
7.4 Chunks
7.4.1 Customizable Flavor Options Adding to Popularity of Textured Chunks
Table 28 Chunks: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 29 Chunks: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
7.5 Granules
7.5.1 Use of Granules as Meat Extenders by Meat Product Manufacturers
Table 30 Granules: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 31 Granules: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)

8 Textured Vegetable Protein, by Source
8.1 Introduction
Figure 45 Textured Vegetable Protein Market, by Source, 2022 Vs. 2027 (USD Million)
Table 32 Textured Vegetable Protein Market, by Source, 2018-2021 (USD Million)
Table 33 Textured Vegetable Protein Market, by Source, 2022-2027 (USD Million)
Table 34 Textured Vegetable Protein Market, by Source, 2018-2021 (Kt)
Table 35 Textured Vegetable Protein Market, by Source, 2022-2027 (Kt)
8.2 Soy
8.2.1 High Shelf-Life and Low Calories Boosting Growth of Textured Soy Protein
Table 36 Soy: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 37 Soy: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
Table 38 Soy: Textured Vegetable Protein Market, by Region, 2018-2021 (Kt)
Table 39 Soy: Textured Vegetable Protein Market, by Region, 2022-2027 (Kt)
8.3 Pea
8.3.1 Use of Textured Pea Protein in Different Products due to Its High Protein Content
Table 40 Pea: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 41 Pea: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
Table 42 Pea: Textured Vegetable Protein Market, by Region, 2018-2021 (Kt)
Table 43 Pea: Textured Vegetable Protein Market, by Region, 2022-2027 (Kt)
8.4 Wheat
8.4.1 Excellent Binding Characteristics of Wheat Increasing Its Usage in Alternative Meat Products
Table 44 Wheat: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 45 Wheat: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
Table 46 Wheat: Textured Vegetable Protein Market, by Region, 2018-2021 (Kt)
Table 47 Wheat: Textured Vegetable Protein Market, by Region, 2022-2027 (Kt)

9 Textured Vegetable Protein, by Form
9.1 Introduction
Figure 46 Texturized Vegetable Protein Market, by Form, 2022 Vs. 2027 (USD Million)
Table 48 Textured Vegetable Protein Market, by Form, 2018-2021 (USD Million)
Table 49 Textured Vegetable Protein Market, by Form, 2022-2027 (USD Million)
9.2 Dry
9.2.1 Widespread Applicability and Lower Processing Costs of Dry Textured Protein
Table 50 Dry: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 51 Dry: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
9.3 Wet
9.3.1 High Scope for Customization of Wet Textured Protein
Table 52 Wet: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 53 Wet: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)

10 Textured Vegetable Protein, by Application
10.1 Introduction
Figure 47 Texturized Vegetable Protein Market, by Application, 2022 Vs. 2027 (USD Million)
Table 54 Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 55 Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
10.2 Meat Alternatives
10.2.1 Increasing Use of Meat Alternatives in Various Food Applications Driving Market for Textured Vegetable Protein
Table 56 Meat Alternatives: Texturized Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 57 Meat Alternatives: Texturized Vegetable Protein Market, by Region, 2022-2027 (USD Million)
Table 58 Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 59 Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
10.2.2 Meat Extenders
10.2.2.1 Use of Meat Extenders as Economical Substitute for Traditional Meat Textured Vegetable Protein
10.2.3 Meat Analogues
10.2.3.1 Awareness About Functional Health Benefits of Meat Analogues Driving Their Growth
10.3 Cereals and Snacks
10.3.1 Healthy Snacking Habits Driving Paradigm Shift in Consumer Behavior for Textured Proteins
Table 60 Cereals and Snacks: Texturized Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 61 Cereals and Snacks: Texturized Vegetable Protein Market, by Region, 2022-2027 (USD Million)
10.4 Other Applications
Table 62 Other Applications: Texturized Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 63 Other Applications: Texturized Vegetable Protein Market, by Region, 2022-2027 (USD Million)

11 Textured Vegetable Protein, by Nature
11.1 Introduction
Figure 48 Texturized Vegetable Protein Market, by Nature, 2022 Vs. 2027 (USD Million)
Table 64 Textured Vegetable Protein Market, by Nature, 2018-2021 (USD Million)
Table 65 Textured Vegetable Protein Market, by Nature, 2022-2027 (USD Million)
11.2 Organic
11.2.1 Availability of Low-Cost Organic Protein Driving Market for Organic Textured Vegetable Protein
Table 66 Organic: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 67 Organic: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
11.3 Conventional
11.3.1 Rising Growth of Conventional Farming due to Low Popularity of Organic Farming
Table 68 Conventional: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 69 Conventional: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)

12 Textured Vegetable Protein Market, by Region
12.1 Introduction
Figure 49 Regional Snapshot: New Hotspots to Emerge in Asia-Pacific During Forecast Period
Table 70 Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 71 Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
12.2 North America
Figure 50 North America: Market Snapshot
Table 72 North America: Textured Vegetable Protein Market, by Country, 2018-2021 (USD Million)
Table 73 North America: Textured Vegetable Protein Market, by Country, 2022-2027 (USD Million)
Table 74 North America: Textured Vegetable Protein Market, by Type, 2018-2021 (USD Million)
Table 75 North America: Textured Vegetable Protein Market, by Type, 2022-2027 (USD Million)
Table 76 North America: Textured Vegetable Protein Market, by Source, 2018-2021 (USD Million)
Table 77 North America: Textured Vegetable Protein Market, by Source, 2022-2027 (USD Million)
Table 78 North America: Textured Vegetable Protein Market, by Source, 2018-2021 (Kt)
Table 79 North America: Textured Vegetable Protein Market, by Source, 2022-2027 (Kt)
Table 80 North America: Textured Vegetable Protein Market, by Form, 2018-2021 (USD Million)
Table 81 North America: Textured Vegetable Protein Market, by Form, 2022-2027 (USD Million)
Table 82 North America: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 83 North America: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 84 North America: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 85 North America: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
Table 86 North America: Textured Vegetable Protein Market, by Nature, 2018-2021 (USD Million)
Table 87 North America: Textured Vegetable Protein Market, by Nature, 2022-2027 (USD Million)
12.2.1 US
12.2.1.1 Inclination of Us Consumers Toward Meat Alternatives Driving Market for Textured Vegetable Protein
Table 88 US: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 89 US: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 90 US: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 91 US: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.2.2 Canada
12.2.2.1 Abundant Pulse and Crop Production Bolstering Market Demand
Table 92 Canada: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 93 Canada: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 94 Canada: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 95 Canada: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.2.3 Mexico
12.2.3.1 Sluggish Growth for Textured Vegetable Protein due to Dependency on Us and Canadian Manufacturers
Table 96 Mexico: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 97 Mexico: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 98 Mexico: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 99 Mexico: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.3 Europe
12.3.1 Introduction
Table 100 Europe: Textured Vegetable Protein Market, by Country, 2018-2021 (USD Million)
Table 101 Europe: Textured Vegetable Protein Market, by Country, 2022-2027 (USD Million)
Table 102 Europe: Textured Vegetable Protein Market, by Type, 2018-2021 (USD Million)
Table 103 Europe: Textured Vegetable Protein Market, by Type, 2022-2027 (USD Million)
Table 104 Europe: Textured Vegetable Protein Market, by Source, 2018-2021 (USD Million)
Table 105 Europe: Textured Vegetable Protein Market, by Source, 2022-2027 (USD Million)
Table 106 Europe: Textured Vegetable Protein Market, by Source, 2018-2021 (Kt)
Table 107 Europe: Textured Vegetable Protein Market, by Source, 2022-2027 (Kt)
Table 108 Europe: Textured Vegetable Protein Market, by Form, 2018-2021 (USD Million)
Table 109 Europe: Textured Vegetable Protein Market, by Form, 2022-2027 (USD Million)
Table 110 Europe: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 111 Europe: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 112 Europe: Textured Vegetable Protein Market, by Sub-Application, 2018-2021 (USD Million)
Table 113 Europe: Textured Vegetable Protein Market, by Sub-Application, 2022-2027 (USD Million)
Table 114 Europe: Textured Vegetable Protein Market, by Nature, 2018-2021 (USD Million)
Table 115 Europe: Textured Vegetable Protein Market, by Nature, 2022-2027 (USD Million)
12.3.2 Germany
12.3.2.1 Government's Promotion Based on Changing Consumer Preferences
Table 116 Germany: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 117 Germany: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 118 Germany: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 119 Germany: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.3.3 UK
12.3.3.1 Reduction in Meat Consumption Creating an Opportunity for Textured Vegetable Protein
Table 120 UK: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 121 UK: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 122 UK: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 123 UK: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.3.4 France
12.3.4.1 Robust Agricultural Background Fueling Market
Table 124 France: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 125 France: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 126 France: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 127 France: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.3.5 Italy
12.3.5.1 Shifting Consumer Opinions in Well-Entrenched Meat Market to Aid Meat Alternative Disruption
Table 128 Italy: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 129 Italy: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 130 Italy: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 131 Italy: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.3.6 Spain
12.3.6.1 Growing Preference of Millennials for Healthy Food Driving Textured Vegetable Protein Market
Table 132 Spain: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 134 Spain: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 135 Spain: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 136 Spain: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application,2022-2027 (USD Million)
12.3.7 Rest of Europe
Table 138 Rest of Europe: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 139 Rest of Europe: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 140 Rest of Europe: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 141 Rest of Europe: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.4 Asia-Pacific
12.4.1 Introduction
Figure 51 Asia-Pacific: Textured Vegetable Protein Market Snapshot
Table 142 Asia-Pacific: Textured Vegetable Protein Market, by Country, 2018-2021 (USD Million)
Table 143 Asia-Pacific: Textured Vegetable Protein Market, by Country, 2022-2027 (USD Million)
Table 144 Asia-Pacific: Textured Vegetable Protein Market, by Type, 2018-2021 (USD Million)
Table 145 Asia-Pacific: Textured Vegetable Protein Market, by Type, 2022-2027 (USD Million)
Table 146 Asia-Pacific: Textured Vegetable Protein Market, by Source, 2018-2021 (USD Million)
Table 147 Asia-Pacific: Textured Vegetable Protein Market, by Source, 2022-2027 (USD Million)
Table 148 Asia-Pacific: Textured Vegetable Protein Market, by Source, 2018-2021 (Kt)
Table 149 Asia-Pacific: Textured Vegetable Protein Market, by Source, 2022-2027 (Kt)
Table 150 Asia-Pacific: Textured Vegetable Protein Market, by Form, 2018-2021 (USD Million)
Table 151 Asia-Pacific: Textured Vegetable Protein Market, by Form, 2022-2027 (USD Million)
Table 152 Asia-Pacific: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 153 Asia-Pacific: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 154 Asia-Pacific: Textured Vegetable Protein Market, by Sub-Application, 2018-2021 (USD Million)
Table 155 Asia-Pacific: Textured Vegetable Protein Market, by Sub-Application, 2022-2027 (USD Million)
Table 156 Asia-Pacific: Textured Vegetable Protein Market, by Nature, 2018-2021 (USD Million)
Table 157 Asia-Pacific: Textured Vegetable Protein Market, by Nature, 2022-2027 (USD Million)
12.4.2 China
12.4.2.1 Well-Established Production Base Augmenting Growth Prospects of Textured Vegetable Protein Market
Table 158 China: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 159 China: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 160 China: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 161 China: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.4.3 India
12.4.3.1 Western Culture Fueling Vegan Trends and Resulting in Increased Demand for Textured Vegetable Protein
Table 162 India: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 163 India: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 164 India: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 165 India: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.4.4 Japan
12.4.4.1 Rise in Health Concerns Propelling Textured Vegetable Protein Market
Table 166 Japan: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 167 Japan: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 168 Japan: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 169 Japan: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.4.5 Australia and New Zealand
12.4.5.1 Consumer Preferences, Environmental Concerns, and Sustainability Driving Market
Table 170 Australia and New Zealand: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 171 Australia and New Zealand: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 172 Australia and New Zealand: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 173 Australia and New Zealand: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.4.6 Rest of Asia-Pacific
Table 174 Rest of Asia-Pacific: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 175 Rest of Asia-Pacific: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 176 Rest of Asia-Pacific: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 177 Rest of Asia-Pacific: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.5 Rest of the World (Row)
12.5.1 Introduction
Table 178 Rest of the World: Textured Vegetable Protein Market, by Region, 2018-2021 (USD Million)
Table 179 Rest of the World: Textured Vegetable Protein Market, by Region, 2022-2027 (USD Million)
Table 180 Rest of the World: Textured Vegetable Protein Market, by Type, 2018-2021 (USD Million)
Table 181 Rest of the World: Textured Vegetable Protein Market, by Type, 2022-2027 (USD Million)
Table 182 Rest of the World: Textured Vegetable Protein Market, by Source, 2018-2021 (USD Million)
Table 183 Rest of the World: Textured Vegetable Protein Market, by Source, 2022-2027 (USD Million)
Table 184 Rest of the World: Textured Vegetable Protein Market, by Source, 2018-2021 (Kt)
Table 185 Rest of the World: Textured Vegetable Protein Market, by Source, 2022-2027 (Kt)
Table 186 Rest of the World: Textured Vegetable Protein Market, by Form, 2018-2021 (USD Million)
Table 187 Rest of the World: Textured Vegetable Protein Market, by Form, 2022-2027 (USD Million)
Table 188 Rest of the World: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 189 Rest of the World: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 190 Rest of the World: Textured Vegetable Protein Market, by Sub-Application, 2018-2021 (USD Million)
Table 191 Rest of the World: Textured Vegetable Protein Market, by Sub-Application, 2022-2027 (USD Million)
Table 192 Rest of the World: Textured Vegetable Protein Market, by Nature, 2018-2021 (USD Million)
Table 193 Rest of the World: Textured Vegetable Protein Market, by Nature, 2022-2027 (USD Million)
12.5.2 South America
12.5.2.1 Rising Veganism Triggering Market Growth
Table 194 South America: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 195 South America: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 196 South America: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 197 South America: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)
12.5.3 Middle East and Africa
12.5.3.1 High Consumption of Plant-Based Dairy Products Boosting Market for Textured Vegetable Protein
Table 198 Middle East and Africa: Textured Vegetable Protein Market, by Application, 2018-2021 (USD Million)
Table 199 Middle East and Africa: Textured Vegetable Protein Market, by Application, 2022-2027 (USD Million)
Table 200 Middle East and Africa: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2018-2021 (USD Million)
Table 201 Middle East and Africa: Textured Vegetable Protein Market for Meat Alternatives, by Sub-Application, 2022-2027 (USD Million)

13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2021
Table 202 Textured Vegetable Protein Market: Degree of Competition (Competitive)
13.3 Strategies Adopted by Key Players
13.4 Segmental Revenue Analysis of Key Players
Figure 52 Segmental Revenue Analysis of Key Players in Market, 2017-2021 (USD Million)
13.5 Company Evaluation Quadrant (Key Players)
13.5.1 Stars
13.5.2 Emerging Leaders
13.5.3 Pervasive Players
13.5.4 Participants
Figure 53 Textured Vegetable Protein Market: Company Evaluation Quadrant, 2021 (Key Players)
13.5.5 Product Footprint
Table 203 Company Footprint, by Source
Table 204 Company Footprint, by Type
Table 205 Company Footprint, by Region
Table 206 Overall Company Footprint
13.6 Textured Vegetable Protein Market, Evaluation Quadrant for Startups/Smes, 2021
13.6.1 Progressive Companies
13.6.2 Starting Blocks
13.6.3 Responsive Companies
13.6.4 Dynamic Companies
Figure 54 Textured Vegetable Protein Market: Company Evaluation Quadrant, 2021 (Startups/Smes)
13.6.5 Competitive Benchmarking of Key Startups/Smes
Table 207 Textured Vegetable Protein Market: Detailed List of Key Startups/Smes
Table 208 Textured Vegetable Protein Market: Competitive Benchmarking of Key Startup/Smes
13.7 Product Launches, Deals, and Other Developments
13.7.1 Product Launches
Table 209 Product Launches, 2020-2021
13.7.2 Deals
Table 210 Deals, 2018-2022
13.7.3 Others
Table 211 Others, 2018-2022

14 Company Profiles
14.1 Introduction
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
14.2 Key Players
14.2.1 Adm
Table 212 Adm: Business Overview
Figure 55 Adm: Company Snapshot
Table 213 Adm: Products Offered
Table 214 Adm: Product Launches, 2020
Table 215 Adm: Deals, 2022
Table 216 Adm: Others, 2018-2022
14.2.2 Cargill, Incorporated
Table 217 Cargill, Incorporated: Business Overview
Figure 56 Cargill, Incorporated: Company Snapshot
Table 218 Cargill, Incorporated: Products Offered
Table 219 Cargill, Incorporated: Others, 2022
14.2.3 Roquette Frères
Table 220 Roquette Frères: Business Overview
Table 221 Roquette Frères: Products Offered
Table 222 Roquette Frères: New Product Launches, 2022
Table 223 Roquette Frères: Deals, 2020
Table 224 Roquette Frères: Others, 2019-2021
14.2.4 Dupont
Table 225 Dupont: Business Overview
Figure 57 Dupont: Company Snapshot
Table 226 Dupont: Products Offered
Table 227 Dupont: Deals, 2019
14.2.5 Ingredion
Table 228 Ingredion: Business Overview
Figure 58 Ingredion: Company Snapshot
Table 229 Ingredion: Products Offered
14.2.6 The Scoular Company
Table 230 The Scoular Company: Business Overview
Table 231 The Scoular Company: Products Offered
Table 232 The Scoular Company: Others, 2021
14.2.7 Puris
Table 233 Puris: Business Overview
Table 234 Puris: Products Offered
Table 235 Puris: Others, 2019-2020
14.2.8 Dsm
Table 236 Dsm: Business Overview
Figure 59 Dsm: Company Snapshot
Table 237 Dsm: Products Offered
Table 238 Dsm: Deals, 2021
14.2.9 Beneo
Table 239 Beneo: Business Overview
Table 240 Beneo: Products Offered
Table 241 Beneo: Deals, 2022
14.2.10 Axiom Foods, Inc.
Table 242 Axiom Foods, Inc.: Business Overview
Table 243 Axiom Foods, Inc.: Products Offered
Table 244 Axiom Foods, Inc: Product Launches, 2020
14.2.11 Shandong Yunix Biotechnology Co., Ltd.
Table 245 Shandong Yunix Biotechnology Co., Ltd.: Business Overview
Table 246 Shandong Yunix Biotechnology Co., Ltd.: Products Offered
14.2.12 Mgp
Table 247 Mgp: Business Overview
Figure 60 Mgp: Company Snapshot
Table 248 Mgp: Products Offered
14.2.13 Kansas Protein Foods
Table 249 Kansas Protein Foods: Business Overview
Table 250 Kansas Protein Foods: Products Offered
14.2.14 Foodchem International Corporation
Table 251 Foodchem International Corporation Business Overview
Table 252 Foodchem International Corporation: Products Offered
14.2.15 Dacsa Group
Table 253 Dacsa Group: Business Overview
Table 254 Dacsa Group: Products Offered
14.3 Other Players (Smes/Startups)
14.3.1 Shandong Wonderful Industrial Group Co., Ltd.
Table 255 Shandong Wonderful Industrial Group Co., Ltd.: Business Overview
Table 256 Shandong Wonderful Industrial Group Co., Ltd.: Products Offered
14.3.2 Sun Nutrafoods
Table 257 Sun Nutrafoods: Business Overview
Table 258 Sun Nutrafoods: Products Offered
Table 259 Sun Nutrafoods: Product Launches, 2020
14.3.3 Crown Soya Protein Group Company
Table 260 Crown Soya Protein Group Company: Business Overview
Table 261 Crown Soya Protein Group Company: Products Offered
14.3.4 Gushen Biotechnology Group Co., Ltd.
Table 262 Gushen Biotechnology Group Co., Ltd.: Business Overview
Table 263 Gushen Biotechnology Group Co., Ltd.: Products Offered
14.3.5 Sotexpro
Table 264 Sotexpro: Business Overview
Table 265 Sotexpro: Products Offered
14.3.6 Living Foods
14.3.7 Stentorian Industries Co., Ltd.
14.3.8 Soyproteincn
14.3.9 Blattmann Schweiz Ag
14.3.10 Sonic Biochem
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.

15 Adjacent and Related Markets
15.1 Introduction
Table 266 Adjacent Markets to Textured Vegetable Protein
15.2 Limitations
15.3 Textured Soy Protein Market
15.3.1 Market Definition
15.3.2 Market Overview
Table 267 Textured Soy Protein Market, by Type, 2015-2022 (USD Million)
Table 268 Textured Soy Protein Market, by Type, 2015-2022 (Kt)
15.4 Meat Substitutes Market
15.4.1 Market Definition
15.4.2 Market Overview
Table 269 Meat Substitutes Market, by Product, 2017-2020 (USD Million)
Table 270 Meat Substitutes Market, by Product, 2021-2027 (USD Million)

16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: The Subscription Portal
16.3 Available Customization

Executive Summary

Companies Mentioned

  • ADM
  • Axiom Foods, Inc.
  • Beneo
  • Blattmann Schweiz Ag
  • Cargill, Incorporated
  • Crown Soya Protein Group Company
  • Dacsa Group
  • DSM
  • Dupont
  • Foodchem International Corporation
  • Gushen Biotechnology Group Co., Ltd.
  • Ingredion
  • Kansas Protein Foods
  • Living Foods
  • MGP
  • Puris
  • Roquette Frères
  • Shandong Wonderful Industrial Group Co., Ltd.
  • Shandong Yunix Biotechnology Co., Ltd.
  • Sonic Biochem
  • Sotexpro
  • Soyproteincn
  • Stentorian Industries Co., Ltd.
  • Sun Nutrafoods
  • The Scoular Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages239
PublishedJuly 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 1.35 Billion
Forecasted Market Value ( USD ) by 2027 $ 1.88 Billion
Compound Annual Growth Rate6.9%
Regions CoveredGlobal
No. of Companies Mentioned25

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