According to the report by Future Market Insights, the global texturized vegetable protein market is projected to expand at a CAGR of 4.9% during the period of forecast, 2018-2028.
Increasing rise of the trend of veganism has triggered demand for meat analogues, especially in the proteins domain, where vegan consumers are preferring vegetarian alternatives to animal-based proteins. Texturized vegetable protein is emerging as a popular alternative for meat-based protein among vegan food manufacturers, mainly due to the ability of texturized vegetable protein to absorb more water, natural fats, and spice ingredients than meat in a food products. Furthermore, a mounting number of manufacturers in the texturized vegetable protein market are making use of soybean as a primary ingredient for their products, owing to the high protein content in soybean as compared to other vegetarian protein sources such as pea and wheat. This is expected to highlight top strategies and future trends in the texturized vegetable protein market, in the coming years.
Future Market Insights offers a 10 year forecast for the global texturized vegetable protein market between 2018 and 2028. The report also includes macroeconomic indicators along with an outlook on texturized vegetable protein for the global market. The study demonstrates in-depth analysis of the key market dynamics, which are expected to influence the market performance in the long run. The report also comprises the study of current issues with consumers and opportunities for texturized vegetable protein products. The report also offers updates on recent trends, key drivers and restraints, volume and value forecasts, and various opportunities for manufacturers operating in the global and regional texturized vegetable protein markets.
Key market players are focusing on entering new markets by means of collaborations and partnerships with a view to reinforce their product lines. Few of the key players profiled in this research study include 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, among others.
After an extensive study of the global texturized vegetable protein market, it has been noted that food processing industry has highly influenced this market in the past, and is expected to account for a considerable demand for texturized vegetable protein throughout the projected period of 10-years. We have observed that stringent standards by regulatory bodies across the globe has created a major impact on the global texturized vegetable protein market. The report focuses towards developing products that are associated with various health benefits in order to leverage opportunity arising from growing number of health conscious consumers worldwide. After examining this market thoroughly, our analysts have arrived at a conclusion that the key players operating in this market are focusing on enhancing production capacity and innovation in terms of various forms and value added products that are healthy and also find its way in a plethora of different applications. According to the report, the market concentration of key players in the global texturized vegetable protein market is increasing continuously, both on vertical as well as on horizontal levels. Producers of texturized vegetable protein are entering into mergers and acquisitions in order to increase their production capacity.
In order to provide users of this report with a comprehensive view of the market, we have included detailed competition analysis of the key market players and strategic overview. The dashboard provides a detailed comparison of texturized vegetable protein manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by product type, form, end use, distribution channel, and region. The report includes texturized vegetable protein market company profiles and the revenue generated from the companies across North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and the Middle East & Africa.
By product type, the global texturized vegetable protein market is segmented as soy, wheat and pea. Texturized vegetable protein produced from soybean is the predominant segment and is expected to account for over 86% of the overall market in terms of revenue. By form, the market is segmented as chunks, slices, flakes and granules. Furthermore, by end use, the global texturized vegetable protein market is segmented into household, commercial and industrial. By distribution channel, the market is segmented as direct and indirect channels. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous texturized vegetable protein manufacturers, retailers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of texturized vegetable protein in the different regions. Top-down approach has been used to estimate the texturized vegetable protein market by countries. Global market numbers by source have been derived using the bottom-up approach, which is cumulative of each country’s demand. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoover’s, and company annual reports and publications.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global texturized vegetable protein market.
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Analysis by Product Type
- Soy Protein
- Wheat Protein
- Pea Protein
Analysis by Form
Analysis by End Use
- Food Industry
- Snacks and Functional Bars
- Ready Meals
- Meat Analogues
- Meat Extenders
- Animal Feed and Pet Food
- Food Industry
Analysis by Distribution Channel
- Convenience Stores
- Specialty Stores
- Online Sales
- Other Retail Sales
Analysis by Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
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