Texturized Vegetable Protein Market to Set New Growth Cycle | ROQUETTE FRERES S.A., CHS, Inc., Archer Daniels Midland Company, Cargill, Inc., E.I. du Pont de Nemours & Co., SunOpta, Puris

Texturized vegetable protein is a protein extracted from plant-based sources like soya, peas, cotton, wheat, rice, flax, lentils, faba, and other vegetable sources rich in protein content. Soya is the major contributor to the global texturized vegetable protein market but peas also provide the next best available high protein content substitute. The texturized vegetable proteins are available in flakes, chunks, powdered form, and other forms as per the demand from different food & beverage companies. Vegetable proteins are in high-demand as it contains essential nutrients for good digestion and amino acids that covers daily nutrients needs of the human body and fulfills most of the nutrients required for child & adult body. There has been a high demand for texturized vegetable proteins because of its various application in different sectors. Moreover, soya & pea proteins are used as a meat extender and substitute for meat to vegetarian and vegan consumers.

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COVID-19 Scenario Analysis:
• The global manufacturers are facing problems as the movement of raw materials has been affected due to the lockdown of international boundaries.
• The demand for nutritious food and protein-based food products has increased as people are more aware of health and immunity due to the rise of the pandemic.
• Further after the situation gets neutralized further the demand for healthy and nutritious food products will remain in the market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in the application in food & beverage industries and use of plant-based protein for kids supplement & other health-based nutritional supplements has increased in the past few years. In addition, the rise of vegan eaters worldwide, clean label requirements by government regulations, change in lifestyle leading to food habits such as low-carbohydrate intake and restrictions in fatty foods drive the growth of the global texturized vegetable protein market. Moreover, texturized vegetable protein products like soya beans are substitutes for the meat products and provide nutritional benefits that meat provides which is making the consumption of soya, peas, and other protein chunks and flakes more popular among vegetarians. Apart from all that uses the intake of whey protein by muscle-builders and gym freaks has grown leading to demand protein products. However, the major stake of the market is with soya proteins as soybeans are easily available as a by-product of soy oil manufacturing which dominates the other industry players manufacturing from different vegetables like peas, wheat, and flax. Innovation in the industry is related to customized seed and plants provided by manufacturers to farmers so that the raw materials have a perfect amount of protein and other nutrients that are in demand by other industries.

The global texturized vegetable protein market trends are as follows:
Rise in on consumption by Vegan and Lactose Intolerant consumers
There has been a rise in vegan consumers worldwide, as they do not consume meat, eggs, and milk. They need alternative protein sources which are making the shift toward consumption of other texturized vegetable protein products like soya, pea, flax, and wheat. In addition, there is an increase in the number of lactose-intolerant people which is making the global manufacturers of milk-based products and food companies using milk as an ingredient to shift to alternative sources of milk.

Meat and Food & Beverages industry move towards innovative substitute
Meat is one of the reasons for the global increase in greenhouse gases. Many government and other associations have come up with restrictions in the use of meat and comply with clean regulations. This has made the global manufacturers move toward a substitute product that has all the qualities & benefits of meat, which has made companies invest more in R&D of texturized vegetable protein.

Companies covered
ROQUETTE FRERES S.A., CHS, Inc., Archer Daniels Midland Company, Cargill, Inc., E.I. du Pont de Nemours & Co., SunOpta, Puris, MGP Ingredients, Inc., Sonic Biochem Extractions Limited, Sotexpro, BENEO GmbH, Victoria Group, Shandong Yuxin Soybean Protein Co. Ltd., Crown Soya Protein Group

Regions covered
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Segments covered
Type, Distribution Channel, Form, Industry Vertical, and Region

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