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Texturized Vegetable Protein Industry Market: By Source Type, Application, and Region Forecast 2020-2031
Texturized Vegetable Protein Industry Market: By Source Type, Application, and Region Forecast 2020-2031
Texturized Vegetable Protein Industry Market size was valued at US$ XX Mn in 2022 and poised to grow at significant CAGR over 2023-2029. Textured vegetable protein is an extremely nutritious soy product. It is rich in whole protein and contains no fat. Besides it is also considered as an excellent alternative to meat. It comprises a wealth of whole soy protein coupled with a good source of dietary fiber. Soy encompasses ample of protein with all the amino acids essential to human nutrition, which must be supplied in the diet because they cannot be synthesized by the human body. It is also considered to be a good source of phosphorus, iron, and magnesium. These factors drives the market growth. However, the volatility of prices of these products dampen the market growth. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global texturized vegetable protein industry market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global texturized vegetable protein industry products.
Study Period
2025-2031Base Year
2024CAGR
X%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
Texturized vegetable protein is obtained from a wide range of sources such as soya, pea, hemp, rice, others. Soya based protein is expected to spur the market growth. Soya based protein is rich in proteins and fiber. These are an extensively used as an ingredient to enrich the nutrition content of the meal and are often used in various food products, such as, ready meals, meat analogues, snacks and functional bars, among others. A wide range of population including lactation and pregnant woman, children as well as geriatric population mostly prefer consumption of texturized soy proteins.
North America region accounted for the largest market share. The region is estimated to register a considerable CAGR during the forecast period. The growth in this region can be attributed to various factors such as rising geriatric population, changing lifestyle, growing consciousness about health amongst population, increasing demand for food with low carbohydrate content. Asia Pacific is expected to grow at a fastest pace. Increasing awareness regarding the health benefits associated with the consumption of texturized vegetable protein acts a gasoline in the regional market growth. Rising consumer expenditure in developing economies like China and India is expected to up sure the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market CAGR |
X% |
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By Source Type |
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By Application |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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The texturized vegetable protein industry market size was valued at US$ XX million in 2022
The texturized vegetable protein industry market key players are: ADM Specialty Ingredients (Europe) B.V Cargill Incorporated I. du Pont de Nemours & Co Roquette S.A. BENEO GmbH OPTIMUM NUTRITION Cosucra Groupe Warcoing SA Coperion GmbH House Foods America Corporation SunOpta Puri
The texturized vegetable protein industry market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.