- Textured Soy Protein
- Textured Wheat Protein
- Textured Pea Protein
- Others
Textured Vegetable Protein Market size was valued at USD 2,672.1 million in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030. Textured Vegetable Protein (TVP) is a defatted soy flour product used as a meat analogue in vegetarian and vegan foods. It's high in protein, low in fat, and offers a meat-like texture, making it popular in various food applications. The rising adoption of plant-based diets, increasing health consciousness, and growing environmental concerns related to meat production are driving market growth. In 2022, the plant-based meat market, a key application area for TVP, reached $8 billion globally, indicating strong demand.
Technological advancements in food processing, such as improved extrusion techniques, are enhancing TVP's texture and palatability, further boosting its market appeal. The COVID-19 pandemic has also accelerated interest in plant-based proteins due to concerns about the safety and sustainability of animal-based foods. However, challenges such as off-flavors in some products and texture limitations compared to real meat may hinder market growth. Additionally, soy allergies and consumer preferences for whole foods in some regions pose challenges. The Asia Pacific region held the major market share in 2023 and is expected to dominate the global Textured Vegetable Protein Market in the forecasted years, driven by large populations, increasing health awareness, and growing disposable incomes.
In 2022, Cargill introduced a new line of textured pea and canola proteins, expanding beyond soy-based TVP to cater to diverse consumer preferences and allergen concerns.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The increasing prevalence of lifestyle-related diseases, such as obesity and cardiovascular disorders, is a significant driver for the TVP market. Consumers are increasingly seeking healthier protein alternatives, with TVP offering a low-fat, high-fiber option. The market is also benefiting from the growing environmental consciousness among consumers, as plant-based proteins have a lower carbon footprint compared to animal proteins. For instance, producing 1 kg of TVP emits about 0.8 kg of CO2, compared to 27 kg for 1 kg of beef. Technological advancements in food processing and flavor development are addressing taste and texture challenges, expanding TVP's appeal. The rise of flexitarians, where consumers reduce meat consumption without eliminating it, is also boosting demand for TVP in blended products. However, the market faces challenges such as competition from other plant proteins like pea and wheat, as well as whole-food plant-based alternatives. Regulatory hurdles in some regions regarding the labeling and marketing of plant-based meat alternatives may also impact market growth.
Textured Vegetable Protein Market was valued at USD 2,672.1 million in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030.
The Textured Vegetable Protein Market is segmented based on Product Type, Application, and Geography.
The leading players in the global Textured Vegetable Protein Market are Archer Daniels Midland Company, Cargill, Inc., DuPont de Nemours, Inc., Roquette Frères, SOTEXPRO, Ingredion Inc., Puris Foods, Beneo GmbH, Axiom Foods, Inc., MGP Ingredients, Inc., Sonic Biochem Extractions Ltd., The Scoular Company, Wilmar International Limited, Crown Soya Protein Group, and Victoria Group.
Historic years considered for the market study are 2019-2022, 2023 is considered as the base year for market estimation, and Seven years forecast is presented from 2024 – 2030.
1.Executive Summary |
2.Global Textured Vegetable Protein Market Introduction |
2.1.Global Textured Vegetable Protein Market - Taxonomy |
2.2.Global Textured Vegetable Protein Market - Definitions |
2.2.1. Product Type |
2.2.2.Application |
2.2.3.Region |
3.Global Textured Vegetable Protein Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Textured Vegetable Protein Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Textured Vegetable Protein Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Textured Soy Protein |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Textured Wheat Protein |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Textured Pea Protein |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Textured Vegetable Protein Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Meat Alternatives |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Cereals & Snacks |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7.Global Textured Vegetable Protein Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Textured Vegetable Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Textured Soy Protein |
8.1.2.Textured Wheat Protein |
8.1.3.Textured Pea Protein |
8.1.4.Others |
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Meat Alternatives |
8.2.2.Cereals & Snacks |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Textured Vegetable Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Textured Soy Protein |
9.1.2.Textured Wheat Protein |
9.1.3.Textured Pea Protein |
9.1.4.Others |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Meat Alternatives |
9.2.2.Cereals & Snacks |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Textured Vegetable Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Textured Soy Protein |
10.1.2.Textured Wheat Protein |
10.1.3.Textured Pea Protein |
10.1.4.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Meat Alternatives |
10.2.2.Cereals & Snacks |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Textured Vegetable Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Textured Soy Protein |
11.1.2.Textured Wheat Protein |
11.1.3.Textured Pea Protein |
11.1.4.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Meat Alternatives |
11.2.2.Cereals & Snacks |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Textured Vegetable Protein Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Textured Soy Protein |
12.1.2.Textured Wheat Protein |
12.1.3.Textured Pea Protein |
12.1.4.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Meat Alternatives |
12.2.2.Cereals & Snacks |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Archer Daniels Midland Company |
13.2.2.Cargill, Inc. |
13.2.3.DuPont de Nemours, Inc. |
13.2.4.Roquette Frères |
13.2.5.SOTEXPRO |
13.2.6.Ingredion Inc. |
13.2.7.Puris Foods |
13.2.8.Beneo GmbH |
13.2.9.Axiom Foods, Inc. |
13.2.10.MGP Ingredients, Inc. |
13.2.11.Sonic Biochem Extractions Ltd. |
13.2.12.The Scoular Company |
13.2.13.Wilmar International Limited |
13.2.14.Crown Soya Protein Group |
13.2.15.Victoria Group |
14. Research Methodology |
15. Appendix and Abbreviations |