The report covers the present scenario and the growth prospects of the Textured Vegetable Protein for 2019-2026. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
Global textured vegetable protein market is expected to register a substantial CAGR of 5.70% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing awareness regarding the benefits of proteins, along with higher volume of population consuming vegan diet.
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Global Textured Vegetable Protein Market By Product Type (Soy, Wheat, Pea), Form (Chunks, Slices, Flakes, Granules), End-Use (Household, Commercial, Industrial), Distribution Channel (Direct, Indirect), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Textured Vegetable Protein Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Textured Vegetable Protein Market
Textured vegetable protein is the by-product extracted from various vegetable ingredients processing and utilized as a meat-substitute because of its similar content of protein to meats. It is a defatted variant of vegetable proteins that are very simplified in their cooking process. These proteins are identified by having a texturized structural integrity enhancing the chewiness and texture of the food products they are utilized in.
Key Questions Answered in Global Textured Vegetable Protein Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Textured Vegetable Protein Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Textured Vegetable Protein Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Textured Vegetable Protein Market?
- Who are Opportunities, Risk and Driving Force of Global Textured Vegetable Protein Market?
- Who are the opportunities and threats faced by the vendors in Global Textured Vegetable Protein Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Textured Vegetable Protein Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Roquette Frères;
- CHS Inc.;
- Archer Daniels Midland Company;
- Cargill, Incorporated;
- DuPont de Nemours, Inc.;
- Sonic Biochem Extractions Ltd.;
- Bob’s Red Mill Natural Foods;
- Victoria Group;
- CROWN SOYA PROTEIN GROUP;
- Shansong Biological Products Co., Ltd.;
- DPS/Dutch Protein & Services b.v.;
- Wilmar BioEthanol;
- Bremil Group
- among others.
- Changes in the preferences of individuals resulting in higher demands for healthier nutritional diet; this factor is expected to boost the growth of the market
- Demand for texturized soy proteins specially among the older population, lactating women, pregnant women along with children also enhances the market growth
- Rising health conscious among the population also acts as a driver for this market growth
- Increasing preference for low carb food is also boosting this market growth
- Concerns regarding the lack of flavour additions with these product variants is expected to hinder the growth of the market
- Concerns regarding the potential allergy incidents associated with soy proteins is expected to restrict the growth of the market
Key Developments in the Market:
- In April 2018, Kerry announced that they had entered into a joint venture with Ojah BV for the production of plant-based products. Kerry will be the majority shareholder whereas Korys will be the other holding company. This joint venture will also enhance the levels of relationship with consumers and enhance the relationship internationally
- In February 2016, Archer Daniels Midland Company announced that they had agreed to acquire Harvest Innovations by acquiring a controlling stake in the company. This acquisition will help in expansion of the gluten-free food ingredients as well as plant protein offerings available. This acquisition will also include various technologies for the processing and production of ingredients
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Global Textured Vegetable Protein Market is segmented on the basis of
- Product Type
Market Segmentations in Details:
By Product Type
By Distribution Channel
- Convenience Stores
- Specialty Stores
- Online Sales
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Textured Vegetable Protein Market
Global textured vegetable protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of textured vegetable protein market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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