Textured Vegetable Protein Market to Reach $2.1 Billion by 2027, Driven by Rising Health Awareness
Allied Market Research forecasts robust growth for textured vegetable protein market, propelled by health-conscious consumer trends.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, July 2, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โTextured Vegetable Protein Market by Product Type, Form, and End User: Global Opportunity Analysis and Industry Forecast, 2021โ2027,โ The global textured vegetable protein market size 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.
๐๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ : 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.
Additionally, the increasing demand for textured vegetable protein is anticipated due to a surge in the need for nutritional food. Consumers are focusing on adopting healthy diets, leading to a higher intake of protein. The growing awareness of the benefits offered by nutritional and health products significantly contributes to the textured vegetable protein market's expansion
Textured vegetable protein is a plant based protein specifically derived from pea, soyabean, wheat, and others. It is a meat substitute and has high protein and fiber content, while having zero fat or cholesterol. The textured vegetable protein is dry and shelf-stable product after processing and is available in different forms including granules, flakes, chunks, and others. Different variants of textured vegetable proteins are available in the market. These include textured wheat protein, textured pea protein, textured soy protein and others. Rise in demand for healthy diets boosts the preference for textured vegetable protein majorly textured soy protein in the market. Moreover, rise in demand for textured vegetable protein from vegetarian consumers looking for protein rich meal drives the growth of the textured vegetable protein market.
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.
๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ : https://www.alliedmarketresearch.com/connect-to-analyst/A11155
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.
๐๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
๐ก๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
- The textured soy protein segment held the highest market share in the textured vegetable protein market in 2019.
- This segment is expected to grow at a CAGR of 9.0% from 2021 to 2027.
๐ก๐
๐จ๐ซ๐ฆ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
- The chunks segment dominated the market in 2019, holding the maximum share.
- It is anticipated to continue its dominance throughout the forecast period.
๐ก๐๐ง๐ ๐๐ฌ๐๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
- The business-to-consumer segment had the highest market share in 2019.
- It is projected to maintain its dominance in the market during the forecast period.
๐ก๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
- North America accounted for the highest market share in 2019.
- The region is expected to grow at a CAGR of 7.9% during the forecast period.
๐๐๐๐ ๐๐๐ : https://www.alliedmarketresearch.com/checkout-final/819b4c6e32ac2748218003d6e975e6d3
๐๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ ๐๐ซ๐๐ก๐๐ซ ๐๐๐ง๐ข๐๐ฅ๐ฌ ๐๐ข๐๐ฅ๐๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ
โ ๐๐๐ซ๐ ๐ข๐ฅ๐ฅ, ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐๐ ๐๐ง๐.
โ ๐๐ฎ ๐๐จ๐ง๐ญ ๐๐ ๐๐๐ฆ๐จ๐ฎ๐ซ๐ฌ ๐๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ
โ ๐
๐จ๐จ๐๐๐ก๐๐ฆ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง
โ ๐๐ฎ๐ง๐ ๐๐๐ง๐ ๐
๐จ๐จ๐๐ฌ ๐๐จ. ๐๐ญ๐
โ ๐๐จ๐ง๐ข๐ ๐๐ข๐จ๐๐ก๐๐ฆ ๐๐ฑ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐ญ ๐๐ญ๐
โ ๐รผ๐๐ณ๐ฎ๐๐ค๐๐ซ ๐๐ซ๐จ๐ฎ๐ฉ (๐๐๐ง๐๐จ)
โ ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐.๐
โ ๐๐ข๐ฅ๐ฆ๐๐ซ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐ฆ๐ข๐ญ๐๐.
ยปยป ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐ ๐จ๐จ๐ ๐๐ง๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
๐กEgg Powder Market : https://www.alliedmarketresearch.com/egg-powder-market-A11036
๐กFarro Market : https://www.alliedmarketresearch.com/farro-market-A13879
๐กMushroom Market : https://www.alliedmarketresearch.com/mushroom-market
๐กTextured Vegetable Protein Market : https://www.alliedmarketresearch.com/textured-vegetable-protein-market-A11155
๐กIOT in Agriculture Market : https://www.alliedmarketresearch.com/internet-of-things-iot-in-agriculture-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.
We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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