Description:
Axiom Market Research Consulting™ added a report on the global Textured Vegetable Protein Market which includes studies on type, and application across various Countries and key regions across the globe. Axiom MRC provides a variety of market research consulting services using its scientific, objective, and all-encompassing research methodologies.
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Textured vegetable protein (TVP) is a plant-based protein that is made by extruding and texturizing various plant-based sources such as soy, wheat, and pea protein. It is commonly used as a meat substitute in various food products such as vegetarian burgers, sausages, and meatballs due to its meat-like texture and high protein content. As more consumers seek out healthy and sustainable food options, the demand for plant-based proteins such as TVP is expected to continue to grow. Additionally, as more individuals adopt vegetarian or vegan diets, the demand for meat alternatives is also expected to increase, further driving the growth of the textured vegetable protein market.
Key Players:
- Cargill Incorporated
- Daniels Midland Company
- DuPont
- Roquette Freres
- DSM
- MGP Ingredients, Inc
- ADM
- International Flavors Fragrances Inc.
- CHS
- Beneo GmbH
- The Scoular Company
- Ingredion
- AGT Food Ingredients
- VestKorn
- Wilmar International
- Sun NutraFoods
- Shandong Wonderful Industrial Group
- FoodChem International
- Shandong Yuxin Bio-Tech
Textured Vegetable Protein Market By Product Type:
- Soy
- Wheat
- Pea
- Spirulina
- Pumpkin Seed
- Hemp
Textured Vegetable Protein Market By Form:
- Chunks
- Flakes
- Slices and Granules
Textured Vegetable Protein Market By Nature:
- Organic
- Conventional
Textured Vegetable Protein Market By Application:
- Meat Alternatives
- Cereals and Snacks
- Others
Textured Vegetable Protein Market By Geography:
The North American region has a significant presence in the textured vegetable protein market, with leading ingredient manufacturers investing in product development to meet changing consumer preferences. Canada is a major producer of peas for textured pea protein processing, while the United States is one of the major producers of soy and wheat. As the trend towards veganism continues to grow in North America, the demand for meat alternatives such as textured vegetable protein is expected to increase.
In the Asia-Pacific region, the textured vegetable protein market is expected to grow at the fastest rate due to increasing urbanization, rising disposable income, and increased spending on natural ingredients. Textured vegetable proteins are gaining popularity in the Asia-Pacific market due to their easy availability and low production cost, making it profitable for both producers and consumers. With the growing demand for plant-based proteins and meat alternatives, the textured vegetable protein market in the Asia-Pacific region is expected to continue to grow in the coming years.
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