Textured Vegetable Protein Market, By Product Type (Textured Soy Protein, Textured Wheat Protein, Textured Pea Protein, Other Types), By Application (Food Products, Animal Nutrition/ Pet Food), By Geography (North America, Latin America, Europe, Asia Paci

Textured Vegetable Protein Market, By Product Type (Textured Soy Protein, Textured Wheat Protein, Textured Pea Protein, Other Types), By Application (Food Products, Animal Nutrition/ Pet Food), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Many food manufacturers use textured vegetable protein (TVP) in their products. While it lacks flavor, TVP is extremely versatile. By seasoning it appropriately, it can mimic the taste and texture of meat, poultry, and fish. Flakes are the most popular form, but they can be used to replace meat in most prepared meals. These flakes can range from one to ten millimeters in diameter and are widely available in grocery stores. Flakes are often used in cooking, and can also be added to cereals and snacks. Because they are so high in protein, they're an excellent substitute for meat.

Market Dynamics:

Growing demand for plant-based ingredients and increasing replacement of animal protein with plant-based ingredients are driving growth of the textured vegetable protein market. Growing demand for clean label products is expected to serve major growth opportunities over the forecast period.

On contrary, strict regulation pertaining to GMO is expected to restrict the market growth

Key features of the study:

• This report provides in-depth analysis of the global textured vegetable protein market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global textured vegetable protein market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Archer Daniels Midland Company, International Flavors & Fragrances Inc., Cargill, Incorporated, Südzucker AG, MGP Ingredients Inc., Roquette Frères, SHANDONG YUXIN BIO-TECH CO. LTD, CROWN SOYA PROTEIN GROUP, The Scoular Company, Axiom Foods, and AGT Food and Ingredients
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global textured vegetable protein market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global textured vegetable protein market

• Global Textured Vegetable Protein Market, By Product Type:
• Textured Soy Protein
• Textured Wheat Protein
• Textured Pea Protein
• Other Types
• Global Textured Vegetable Protein Market, By Application:
• Food Products
• Animal Nutrition/ Pet Food
• Global Textured Vegetable Protein Market, By Geography:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa