Texturized Vegetable Protein - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Texturized Vegetable Protein Market is accounted for $0.93 billion in 2019 and is expected to reach $1.71 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Rising health conscious among individuals and rising changing consumer demand are the major factors driving the market growth. However, a concern regarding the lack of flavor additions with these products is restraining the market growth.
Textured vegetable protein is the by-product extracted from various vegetable ingredients and utilized as a meat substitute due its similar content of protein to meats. They are identified by having a texturized structural integrity enhancing the chewiness and texture of the food items they are utilized in. It is quick to cook, with protein content comparable to certain meats.
Based on product, the wheat protein segment is likely to have a huge demand as its taste is neutral, eliminating the need of masking flavors. It acts as a binder and filler in meat products. By geography, North America is going to have a lucrative growth during the forecast period as a majority of organizations are concentrating on offering non-GMO items, which are prepared utilizing the extrusion-based technology, with improved functional properties.
Some of the key players profiled in the Texturized Vegetable Protein Market include Archer Daniels Midland Company, Beneo GmbH, Cargill Inc, CHS Inc, Crown Soya Protein Group, Gushen Biotechnology Group Co Ltd, LLC, MGP Ingredients, Puris Proteins, Roquette Frères, Sotexpro SA, Vestkron A/S and Wilmar International Ltd.
Distribution Channels Covered:
• Chia Protein
• Corn Protein
• Faba Bean Protein
• Flax Protein
• Lentil Protein
• Pea Protein
• Rice Protein
• Soy Protien
• Wheat Protein
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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