Textured Vegetable Protein Market: Plant-Based Protein Revolutionizing Dietary Choices.

Textured Vegetable Protein Market by Product Type, Form, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2027," The global textured vegetable protein market was valued at $987.9 million in 2019 and is projected to reach $2,139.6 million by 2027, registering a CAGR of 9.2% from 2021 to 2027.

𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/11520

Textured vegetable protein (TVP) is a plant-based protein that serves as an alternative to animal-based proteins like meat and eggs. The demand for textured vegetable protein is expected to witness growth, driven by health-conscious consumers seeking protein-rich food.

TVP, a plant-based protein, serves as a substitute for animal-based proteins like meat and eggs, catering to the growing demand from health-conscious consumers seeking protein-rich food options. The COVID-19 pandemic has further accelerated the market's growth, with consumers shifting towards TVP as an alternative to meat and meat products. This trend, driven by the pandemic, has contributed to the market's expansion amidst the global health crisis.

Textured vegetable protein is derived from various plant sources, such as pea, soybeans, and wheat. It offers high protein and fiber content with zero fat or cholesterol, making it an attractive option for health-conscious consumers. Available in forms like granules, flakes, and chunks, TVP caters to different consumer preferences and dietary needs. The rise in demand for healthy diets, particularly among vegetarian consumers, has propelled the growth of the textured vegetable protein market, especially variants like textured soy protein.

The market is segmented based on product type, form, end-user, and region. Product types include textured soy protein and others, while forms range from flakes to granules and chunks. End-users are categorized as business-to-business and business-to-consumers. Geographically, North America accounted for the highest market share in 2019, with Asia-Pacific expected to experience the highest CAGR during the forecast period.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

- 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐭𝐞𝐱𝐭𝐮𝐫𝐞𝐝 𝐯𝐞𝐠𝐞𝐭𝐚𝐛𝐥𝐞 𝐩𝐫𝐨𝐭𝐞𝐢𝐧 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

⦁ 𝐀𝐫𝐜𝐡𝐞𝐫 𝐃𝐚𝐧𝐢𝐞𝐥𝐬 𝐌𝐢𝐝𝐥𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
⦁ 𝐂𝐚𝐫𝐠𝐢𝐥𝐥, 𝐈𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝 𝐈𝐧𝐜.
⦁ 𝐃𝐮 𝐏𝐨𝐧𝐭 𝐝𝐞 𝐍𝐞𝐦𝐨𝐮𝐫𝐬 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
⦁ 𝐅𝐨𝐨𝐝𝐜𝐡𝐞𝐦 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧
⦁ 𝐇𝐮𝐧𝐠 𝐘𝐚𝐧𝐠 𝐅𝐨𝐨𝐝𝐬 𝐂𝐨.𝐋𝐭𝐝.
⦁ 𝐒𝐨𝐧𝐢𝐜 𝐁𝐢𝐨𝐜𝐡𝐞𝐦 𝐄𝐱𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐏𝐯𝐭 𝐋𝐭𝐝
⦁ 𝐒ü𝐝𝐳𝐮𝐜𝐤𝐞𝐫 𝐆𝐫𝐨𝐮𝐩 (𝐁𝐞𝐧𝐞𝐨)
⦁ 𝐕𝐢𝐜𝐭𝐨𝐫𝐢𝐚 𝐆𝐫𝐨𝐮𝐩 𝐀.𝐃.
⦁ 𝐖𝐢𝐥𝐦𝐚𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐦𝐢𝐭𝐞𝐝

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 : https://www.alliedmarketresearch.com/request-for-customization/A11155

The market is segmented based on product type, form, end-user, and region. Product types include textured soy protein and others. The forms include flakes, granules, chunks, and others. End-users are categorized as business-to-business and business-to-consumers. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In terms of product type, the "others" segment is expected to exhibit the highest CAGR during the forecast period. This growth is attributed to increased consumer awareness regarding animal cruelty and the negative impacts of meat products on human health.

The flakes segment is anticipated to witness the highest CAGR among different forms during the forecast period. This growth is driven by the rising adoption of textured vegetable protein in flake form in various restaurants for meals like burgers and soups as a meat analog.

The textured vegetable protein market segment is categorized into product type, form, end user, and region. By product type, it is bifurcated into textured soy protein and others. By form, the market is classified into flakes, granules, chunks, and others. By end user, it is divided into business to business and business to consumers. By region, the textured vegetable protein market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The "business to business" segment is expected to grow at the highest CAGR in the end-user category during the forecast period. The increase is attributed to a growing number of restaurants offering textured vegetable protein in their menus to cater to the rising number of health-conscious consumers.

In terms of region, Asia-Pacific is expected to experience the highest CAGR during the forecast period. The health and wellness trend in the region has led Asian consumers to seek functional foods like textured vegetable protein to enhance their well-being.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

Key findings of the study reveal that textured soy protein held the highest market share in 2019 and is expected to continue its growth trajectory with a CAGR of 9.0% from 2021 to 2027. In terms of form, the chunks segment dominated the market in 2019 and is anticipated to maintain its dominance throughout the forecast period. The business-to-consumer segment led the market in 2019 and is projected to maintain its dominance during the forecast period. Prominent players in the global textured vegetable protein industry include Archer Daniels Midland Company, Cargill, Incorporated Inc., Du Pont de Nemours and Company, Foodchem International Corporation, and others.

𝐒𝐏𝐄𝐀𝐊 𝐖𝐈𝐓𝐇 𝐀𝐍𝐀𝐋𝐘𝐒𝐓 : https://www.alliedmarketresearch.com/connect-to-analyst/A11155

The textured vegetable protein market is witnessing robust growth driven by consumer preferences for healthier food options, the impact of the COVID-19 pandemic, and the versatility of TVP in meeting various dietary needs and preferences.

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