Textured Vegetable Protein Market To Reach USD 2,139.6 Million By 2027 at a CAGR of 9.2% - Valuates Reports

BANGALORE, India, June 22, 2021 /PRNewswire/ -- Textured Vegetable Protein Market by Product Type (Textured Soy Protein and Others), Form (Flakes, Granules, Chunks, and Others), and End User (Business To Business and Business To Consumer). This report is published on Valuates Reports in the Nutrition Category.

The global Textured Vegetable Protein Market size was valued at USD 987.9 Million in 2019 and is projected to reach USD 2,139.6 Million by 2027, registering a CAGR of 9.2% from 2021 to 2027. 

Major factors driving the growth of the textured vegetable protein market are:

• Manufacturers are providing different variants of textured vegetable proteins in the market.
• Increase in demand for protein-rich meals with high fiber from vegetarian and health conscious customers is driving the growth of the textured vegetable protein market.
• Convenience of daily cooking by purchasing the product off the shelf is also helping the growth.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-2E63/textured-vegetable-protein

TRENDS INFLUENCING THE GROWTH OF TEXTURED VEGETABLE PROTEIN MARKET 

Textured vegetable proteins are designed to be a meat substitute for non-meat eaters. Food manufacturers have adapted textured vegetable protein obtained from different sources such as soy, wheat, and pea, as it poses as a meat substitute with functional and nutritious characteristics. This feature is expected to drive the growth of the textured vegetable protein market. The textured vegetable protein has seen strong market acceptance because it mimics the texture and taste of meat items like sausages, burger patties, nuggets, and crumbles. 

Various food products such as meat patties and sausages are being replaced by plant-based/plant-infused protein products as consumers become more health-conscious. This in turn is expected to increase the growth of the textured vegetable protein market. Furthermore, the textured vegetable protein market is growing due to an increase in demand from vegetarian consumers looking for a protein-rich meal.

However, government regulations and concerns about safety as a result of the use of GM ingredients can stifle market development.

Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Manu-2E63/Textured_Vegetable_Protein_Market

TEXTURED VEGETABLE PROTEIN MARKET SHARE ANALYSIS

Based on type, In 2019, the textured soy protein segment had the highest textured vegetable protein market share. The growing number of customers searching for protein-rich foods with a similar taste and texture to meat is fueling the growth of the textured vegetable protein industry. 

In 2019, the chunks segment had the largest share of the textured vegetable protein market. This is due to the widespread availability of textured vegetable protein chunks through various distribution channels around the world.

Based on end-users, In 2019, the business-to-consumer segment had the largest textured market share. This is due to customers' busy lifestyles, which raises demand for functional foods like textured vegetable protein, which provides vital nutrients and aids physical and mental health.

In 2019, North America had the largest market share. This is due to an increase in the number of health-conscious customers in countries like the United States.

Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-2E63/Textured_Vegetable_Protein_Market

The key players operating in the global textured vegetable protein market 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., and Wilmar International Limited.

Key Market Segments

By Product Type

• Textured Vegetable Protein
• Others

By Form

• Flakes
• Granules
• Chunks
• Others

End User

• Business to Business
• Business to Consumers

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
• Rest of LAMEA

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/ALLI-Manu-2E63/Textured_Vegetable_Protein_Market

Inquire For Customization: https://reports.valuates.com/request/customisation/ALLI-Manu-2E63/Textured_Vegetable_Protein_Market

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2E63&lic=single-user

Buy Now for Enterprise User:  https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2E63&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

-  Hydrolysed Vegetable Protein Market (HVP) is segmented by Product-Type: Soy, Corn, Wheat, Pea, Rice, Others, Application: Food & Beverages Industry, Cosmetic & Personal Care Industry, Pharmaceutical Industry, Regions etc.

-  The global Vegetable Protein market is valued at 11530 Million USD in 2020 is expected to reach 24960 Million USD by the end of 2026, growing at a CAGR of 11.5% during 2021-2026. This report focuses on Vegetable Protein volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Vegetable Protein market size by analysing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.

-  The report focuses on Vegetable Protein Drinks Market volume and value at global level, regional level and company level. From a global perspective, this report represents overall Vegetable Protein Drinks market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

-  Vegetable Protein Feed Market offers detailed analysis supported by reliable statistics on revenue global and regional level by players for the period . The report offers comprehensive analysis and accurate statistics on revenue by the player for the period .Vegetable Protein Feed Market is segmented by Product-Type: Soybean Cake, Rapeseed Cake, Others, Application: Poultry, Fish, Others, Regions.

-  The cultured meat market size was valued at USD 1.64 Million in 2021, and is estimated to reach USD 2788.1 Million by 2030, registering a CAGR of 95.8% from 2022 to 2030.

Click Here To See Related Reports On Vegetable Proteins

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com 
Twitter - https://twitter.com/valuatesreports 
Linkedin - https://in.linkedin.com/company/valuatesreports 
Facebook - https://www.facebook.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg