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Textured Vegetable Protein Market by Source, Type, Application, and Geography - Global Forecast to 2026

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    Report

  • March 2021
  • Region: Global
  • Infoholic Research LLP
  • ID: 5322029
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The Textured Vegetable Protein Market is anticipated to grow at the rate of 6.1% CAGR by 2026. Changing consumer preferences are parting possibilities for innovations in the texturized vegetable protein market. Presently, manufacturers choose for considered risks by introducing products that strike the right balance between indulgence and health. This new trend has been instrumental in attaining repeat purchases for plant-based products. Manufacturers in the texturized vegetable protein market are concentrating on protein claims for packaging and other marketing strategies. Companies to improve the consumer experience are growing R&D activities to find the right mix of protein with natural flavors and textures to boost product uptake. Apart from meat substitutes and snacks, manufacturers make incremental opportunities through nutritional supplements, bakery products, and beverages. Rapidly increasing demand for Ready-to-Eat food products owing to a hectic lifestyle and busy schedules is projected to drive the market growth.

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 has a significant share in the textured vegetable protein market. This is because it is a low-fat protein vegetable source, and it is often taken as a substitute for meat owing to the low cost compared to animal-based protein. Since textured soy is a perfect meat substitute, it is gaining more demand among vegan consumers. Thus, these soy features are majorly responsible for increasing soy demand as an essential source for textured vegetable protein.

In terms of the type of textured vegetable protein, the slice type has more demand. This is because the slices are derived by processing different kinds of beans high in protein. These slices contain essential amino acids, minerals, and vitamins that significantly impact metabolism. The textured vegetable protein slices are generally used as meat alternatives as burger patties.

The textured vegetable protein application is primarily used as the meat alternatives where meat alternatives have the highest share in the market growth. This is attributed to the increasing awareness among the public about protein benefits, increasing the vegan population's rate where they prefer only vegetarian food. Additionally, the soy source protein helps chronic diseases and helps in better body function compared to meat.

North America has a considerable share in the textured vegetable protein market, as observed in the regional market. The increasing population of vegans is driving the market growth in the region. Also, the growing preference for plant-based food in hospitals since the healthcare facilities are offering vegan meals over the processed meat food boosts the demand for textured vegetable protein in this region.

Globally, consumers have reduced the intake of meat in their diet, ascribed to rising health concerns. This has resulted in increasing preference for plant-based proteins, which serve as a perfect alternative to meat products. This factor is anticipated to significantly fuel the demand for textured vegetable protein, which will eventually drive the global textured soy protein market's growth in the prevailing years.

This report offers the various leading profiles of market players such as Shandong Wonderful Industrial Group, FoodChem International, Shandong Yuxin Bio-Tech, Crown Soya Protein Group, AGT Food & Ingredients, ADM, Cargill, Beneo GmbH, CHS, Roquette Freres, DuPont, Wilmar International, Axiom Foods, The Scoular Company, Puris Foods, VestKorn, MGP Ingredients, Sun NutraFoods, La Troja, and Hung Yang Foods.

Hence, owing to the health benefits of textured vegetable protein and increasing awareness about plant-based protein compared to meat protein, the textured vegetable protein market is gaining momentum. Besides that, the importance of protein in the daily diet is the primary factor driving the product demand.
  • This report provides an overall analysis of the market growth factors, hampering factors, and opportunities and challenges in the market.
  • This report depicts the central regions of the textured vegetable protein market and the significant share.
  • This report also describes the competitive market outlook in terms of significant market player's profiles.

The report also gives market players information 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. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. 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. Shandong Wonderful Industrial Group
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.4. Developments
10.1.5. Business Strategy
10.2. FoodChem International
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. Shandong Yuxin Bio-Tech
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. Crown Soya Protein Group
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. AGT Food & Ingredients
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. ADM
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. Cargill
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. Beneo GmbH
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. CHS
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. Roquette Freres
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy
11. Companies to Watch
11.1. DuPont
11.1.1. Overview
11.1.2. Products & Services
11.1.3. Business Strategy
11.2. Wilmar International
11.2.1. Overview
11.2.2. Products & Services
11.2.3. Business Strategy
11.3. Axiom Foods
11.3.1. Overview
11.3.2. Products & Services
11.3.3. Business Strategy
11.4. The Scoular Company
11.4.1. Overview
11.4.2. Products & Services
11.4.3. Business Strategy
11.5. Puris Foods
11.5.1. Overview
11.5.2. Products & Services
11.5.3. Business Strategy
11.6. VestKorn
11.6.1. Overview
11.6.2. Products & Services
11.6.3. Business Strategy
11.7. MGP Ingredients
11.7.1. Overview
11.7.2. Products & Services
11.7.3. Business Strategy
11.8. Sun NutraFoods
11.8.1. Overview
11.8.2. Products & Services
11.8.3. Business Strategy
11.9. La Troja
11.9.1. Overview
11.9.2. Products & Services
11.9.3. Business Strategy
11.10. Hung Yang Foods
11.10.1. Overview
11.10.2. Products & Services
11.10.3. Business Strategy
12. Analyst Opinion
13. Annexure
13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
13.7. Abbreviations
List of Tables
Table 1. Global Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 2. Global Textured Vegetable Protein Market Value for Soy, by Geography, 2020-2026 (USD Billion)
Table 3. Global Textured Vegetable Protein Market Value for Pea, by Geography, 2020-2026 (USD Billion)
Table 4. Global Textured Vegetable Protein Market Value for Wheat, by Geography, 2020-2026 (USD Billion)
Table 5. Global Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 6. Global Textured Vegetable Protein Market Value for Slices, by Geography, 2020-2026 (USD Billion)
Table 7. Global Textured Vegetable Protein Market Value for Flakes, by Geography, 2020-2026 (USD Billion)
Table 8. Global Textured Vegetable Protein Market Value for Chunks, by Geography, 2020-2026 (USD Billion)
Table 9. Global Textured Vegetable Protein Market Value for Granules, by Geography, 2020-2026 (USD Billion)
Table 10. Global Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 11. Global Textured Vegetable Protein Market Value for Meat Alternatives, 2020-2026 (USD Billion)
Table 12. Global Textured Vegetable Protein Market Value for Cereals & Snacks, by Geography, 2020-2026 (USD Billion)
Table 13. Global Textured Vegetable Protein Market Value for Other Applications, by Geography, 2020-2026 (USD Billion)
Table 14. North America Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Table 15. North America Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 16. North America Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 17. North America Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 18. U.S Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 19. U.S Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 20. U.S Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 21. Canada Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 22. Canada Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 23. Canada Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 24. Europe Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Table 25. Europe Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 26. Europe Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 27. Europe Textured Vegetable Protein Market Value, Application, 2020-2026 (USD Billion)
Table 28. Germany Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 29. Germany Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 30. Germany Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 31. U.K Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 32. U.K Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 33. U.K Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 34. France Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 35. France Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 36. France Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 37. Italy Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 38. Italy Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 39. Italy Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 40. Spain Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 41. Spain Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 42. Spain Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 43. Roe Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 44. Roe Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 45. Roe Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 46. Asia Pacific Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Table 47. Asia Pacific Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 48. Asia Pacific Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 49. Asia Pacific Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 50. China Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 51. China Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 52. China Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 53. India Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 54. India Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 55. India Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 56. Japan Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 57. Japan Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 58. Japan Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 59. Rest of Apac Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 60. Rest of Apac Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 61. Rest of Apac Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Table 62. Rest of World Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Table 63. Rest of World Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Table 64. Shandong Wonderful Industrial Group: Financials
Table 65. Shandong Wonderful Industrial Group: Products & Services
Table 66. Shandong Wonderful Industrial Group: Recent Developments
Table 67. Foodchem International: Financials
Table 68. Foodchem International: Products & Services
Table 69. Foodchem International: Recent Developments
Table 70. Shandong Yuxin Bio-Tech: Financials
Table 71. Shandong Yuxin Bio-Tech: Products & Services
Table 72. Shandong Yuxin Bio-Tech: Recent Developments
Table 73. Crown Soya Protein Group: Financials
Table 74. Crown Soya Protein Group: Products & Services
Table 75. Crown Soya Protein Group: Recent Developments
Table 76. Agt Food & Ingredients: Financials
Table 77. Agt Food & Ingredients: Products & Services
Table 78. Agt Food & Ingredients: Recent Developments
Table 79. Adm: Financials
Table 80. Adm: Products & Services
Table 81. Adm: Recent Developments
Table 82. Cargill: Financials
Table 83. Cargill: Products & Services
Table 84. Cargill: Recent Developments
Table 85. Beneo Gmbh: Financials
Table 86. Beneo Gmbh: Products & Services
Table 87. Beneo Gmbh: Recent Developments
Table 88. Chs: Financials
Table 89. Chs: Products & Services
Table 90. Chs: Recent Developments
Table 91. Roquette Freres: Financials
Table 92. Roquette Freres: Products & Services
Table 93. Roquette Freres: Recent Developments
Table 94. Dupont: Products & Services
Table 95. Wilmar International: Products & Services
Table 96. Axiom Foods: Products & Services
Table 97. The Scoular Company: Products & Services
Table 98. Puris Foods: Products & Services
Table 99. Vestkorn: Products & Services
Table 100. Mgp Ingredients: Products & Services
Table 101. Sun Nutrafoods: Products & Services
Table 102. La Troja: Products & Services
Table 103. Hung Yang Foods: Products & Services
List of Figures
Chart 1. Global Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 2. Global Textured Vegetable Protein Market Value for Soy, by Geography, 2020-2026 (USD Billion)
Chart 3. Global Textured Vegetable Protein Market Value for Pea, by Geography, 2020-2026 (USD Billion)
Chart 4. Global Textured Vegetable Protein Market Value for Wheat, by Geography, 2020-2026 (USD Billion)
Chart 5. Global Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 6. Global Textured Vegetable Protein Market Value for Slices, by Geography, 2020-2026 (USD Billion)
Chart 7. Global Textured Vegetable Protein Market Value for Flakes, by Geography, 2020-2026 (USD Billion)
Chart 8. Global Textured Vegetable Protein Market Value for Chunks, by Geography, 2020-2026 (USD Billion)
Chart 9. Global Textured Vegetable Protein Market Value for Granules, by Geography, 2020-2026 (USD Billion)
Chart 10. Global Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 11. Global Textured Vegetable Protein Market Value for Meat Alternatives, 2020-2026 (USD Billion)
Chart 12. Global Textured Vegetable Protein Market Value for Cereals & Snacks, by Geography, 2020-2026 (USD Billion)
Chart 13. Global Textured Vegetable Protein Market Value for Other Applications, by Geography, 2020-2026 (USD Billion)
Chart 14. North America Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Chart 15. North America Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 16. North America Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 17. North America Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 18. U.S Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 19. U.S Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 20. U.S Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 21. Canada Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 22. Canada Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 23. Canada Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 24. Europe Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Chart 25. Europe Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 26. Europe Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 27. Europe Textured Vegetable Protein Market Value, Application, 2020-2026 (USD Billion)
Chart 28. Germany Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 29. Germany Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 30. Germany Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 31. U.K Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 32. U.K Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 33. U.K Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 34. France Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 35. France Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 36. France Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 37. Italy Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 38. Italy Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 39. Italy Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 40. Spain Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 41. Spain Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 42. Spain Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 43. Roe Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 44. Roe Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 45. Roe Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 46. Asia Pacific Textured Vegetable Protein Market Value, by Country, 2020-2026 (USD Billion)
Chart 47. Asia Pacific Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 48. Asia Pacific Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 49. Asia Pacific Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 50. China Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 51. China Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 52. China Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 53. India Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 54. India Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 55. India Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 56. Japan Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 57. Japan Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 58. Japan Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 59. Rest of Apac Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 60. Rest of Apac Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 61. Rest of Apac Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)
Chart 62. Rest of World Textured Vegetable Protein Market Value, by Source, 2020-2026 (USD Billion)
Chart 63. Rest of World Textured Vegetable Protein Market Value, by Type, 2020-2026 (USD Billion)
Chart 64. Rest of World Textured Vegetable Protein Market Value, by Application, 2020-2026 (USD Billion)

Companies Mentioned

  • Shandong Wonderful Industrial Group
  • FoodChem International
  • Shandong Yuxin Bio-Tech
  • Crown Soya Protein Group
  • AGT Food & Ingredients
  • ADM
  • Cargill
  • Beneo GmbH
  • CHS
  • Roquette Freres
  • DuPont
  • Wilmar International
  • Axiom Foods
  • The Scoular Company
  • Puris Foods
  • VestKorn
  • MGP Ingredients
  • Sun NutraFoods
  • La Troja
  • Hung Yang Foods.