openPR Logo
Press release

Texturized Vegetable Protein to Show Consistent Penetration Owing to Use of Soy-based Products in Various End Use Applications

01-07-2019 01:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Texturized Vegetable Protein to Show Consistent Penetration

Texturized Vegetable Protein Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028 is the new report published by Future Market Insights which offers insights on the global texturized vegetable protein market. Growing number of consumers preferring a “flexitarian” diet, a portmanteau of flexible vegetarianism, individuals whose protein intake is dependent on sustainable sources like plant-based foods and drastically reducing the consumption of meat in their diet, is expected to be a significant factor driving the use of texturized vegetable protein. Manufacturers are also striving to develop plant-based food products which offer meat familiar texture and taste attributes, with the help of advanced food technology. This demonstrates the intensity of the consumer demand for plant-based meat substitutes

Global Texturized Vegetable Protein Market: Key Takeaways

The key differentiation strategy is to offer products that are organic and non-GMO, in order to leverage opportunity arising from the rising demand for additive-free, chemical-free, and non-GMO food products

In terms of product type, the demand for texturized pea protein is the highest, followed by texturized soy protein, attributed to its allergen-free portfolio and non-GMO status

E-commerce and online stores are easing barriers to entry since they offer significant benefits to small-scale manufacturers, who might face various challenges such as high marketing and distribution costs

One of the major challenges for the texturized vegetable protein market is the price volatility of grains due to climatic changes. Irregularity in the climate and seasonal variations affect crops due to critical and uneven rainfall patterns, resulting in unpredictable yields.

Request Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2747

Global Texturized Vegetable Protein Market: Forecast by Product Type

This segment includes soy, wheat, and pea. The average selling price for texturized pea protein is relatively high in global texturized vegetable protein than other segments. Soy segment is expected to remain dominant in the global texturized vegetable protein market throughout the forecast period with a revenue share of 85.9% by 2028. Soy segment is expected to rank relatively high on the attractiveness index in the global texturized vegetable protein market by 2028 end, however, texturized pea protein is expected to account for a relatively higher growth rate in the texturized vegetable protein market over the forecast period.

Global Texturized Vegetable Protein Market: Forecast by End Use

End-use segment consists of food processing industry segment which is further segmented into snacks and functional bars, ready meals, meat analogues, meat extender, others. Among food processing industry segment, texturized vegetable protein finds application as a meat extender, which was estimated to account for a revenue share of over 42% within the food processing industry segment in 2017. In 2017, the household segment was estimated to be valued at US$ 217.4 Mn which is expected to increase at a CAGR of 5.6% over the forecast period.

Global Texturized Vegetable Protein Market: Forecast by Form

This segment includes chunks, slices, flakes, and granules. In terms of volume, granules segment is expected to remain dominant in the global texturized vegetable protein market. Granules segment in the global texturized vegetable protein market is expected to create absolute $ opportunity of US$ 213.5 Mn between 2018 and 2028.

Global Texturized Vegetable Protein Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. North America is the dominant market in the global texturized vegetable protein market in terms of value. The North America texturized vegetable protein market was estimated to be valued at US$ 303.3 Mn in 2017 and is expected to expand at a value CAGR of 4.6% over the forecast period. The Asia Pacific excluding Japan market is expected to expand at a robust rate of 6.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for soy food products in this region.

Buy This Report@ https://www.futuremarketinsights.com/checkout/2747

Global Texturized Vegetable Protein Market: Key Players

ROQUETTE FRERES S.A., CHS, Inc., Archer Daniels Midland Company, Cargill, Inc., E.I. du Pont de Nemours & Co., MGP Ingredients, Inc., Sonic Biochem Extractions Limited, Sotexpro, BENEO GmbH, Victoria Group, Shandong Yuxin Soybean Protein Co. Ltd., Crown Soya Protein Group are the key vendors included in this report.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +13479183531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Texturized Vegetable Protein to Show Consistent Penetration Owing to Use of Soy-based Products in Various End Use Applications here

News-ID: 1475491 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Protein

Astonishing growth in Dairy Protein Market Growth? Milk Protein Isolates (MPIs), …
Dairy Protein Market Business Insights and Updates: The latest Market report by a Data Bridge Market Research with the title [Global Dairy Protein Market - Industry Trends and Forecast to 2026] . Dairy Protein Market research analysis and data lend a hand to businesses for the planning of strategies related to COVID-19 impact on industry, investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. Dairy Protein market insights with
Global Plant Protein Market 2019 – Soy Protein, Wheat Protein, Pea Protein | K …
The Global Pea Protein Market Research Report conducts a deep estimation on the present state of Pea Protein Industry with the definition, classification and market scope. The fundamental Pea Protein Industry aspects like competitive landscape structure, eminent industry players, Pea Protein Market size and value is studied. The Pea Protein Market growth trends, development plans, dynamic market driving factors and risk assessment is conducted. All the traders, dealers, distributors of
Protein Packaging Market Report 2018: Segmentation by Product (Rigid packaging, …
Global Protein Packaging market research report provides company profile for Amcor Limited, DuPont, Flexifoil Packaging Pvt., Swiss Pac Private Ltd. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed
Whey Protein Ingredients Market by Type (Whey Protein Concentrate 80 and Whey Pr …
Whey Protein Ingredients Market Report, published by Allied Market Research, projects that the global market was valued at $8,216 million in 2015, and is projected to reach $15,037 million by 2022, growing at a CAGR of 9.2% from 2016 to 2022. The whey protein concentrate segment held more than two-fifths of the total market share in 2015. Access Full Summary at: https://www.alliedmarketresearch.com/whey-protein-ingredients-market Whey proteins are derived from whey during the cheese production
Neutral Alternative Protein Market Report 2018: Segmentation by Type (Plant Prot …
Global Neutral Alternative Protein market research report provides company profile for Tereos Syral, CP Kelco, Davisco, Meelunie, Danisco (DuPont), Kerry Group, Cargill, Archer Daniels Midland Company, Glanbia, CHS and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018
Protein Bars Market, By Protein Source Type, Product Type, Protein Content
Protein Bars Market Outlook: North America held a dominant position in the global protein bars market in 2016, with S. being the major contributor. Increasing awareness regarding protein supplements and growing demand for convenience food in the region are key drivers for growth of the market in North America. Additionally, according to the U.S. Department of Labor, average daily participation rates in sports and exercise rose by 3.6% from 2003 to