Textured Vegetable Protein Market size Surge at a Robust Pace in Terms of Revenue over COVID-19 2028

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Textured Vegetable Protein Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Textured Vegetable Protein Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Textured Vegetable Protein Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Textured Vegetable Protein Market `is offered. In accordance with the report, the global Textured Vegetable Protein Market is projected to expand at a CAGR of 6.2% over the period of forecast.

Market Insight, Drivers, Restraints& Opportunity of the Market:

Textured vegetable protein is obtained from plant-based sources like wheat, pea, and soy. It can be used as a proxy for meat products because its nutritional content is adjacent to that of meat. The increasing vegan population is raising the demand of this products. Also, the rational behavior of non-vegan population to avoid the cancer-risk of meat consumption and avoid animal cruelty is driving the demand of these products. The rising threat on environment (climate changes) and cattle (infections) associated with the production of animal meat is surging the demand of textured vegetable proteins. This product is gaining importance because of its high protein content which can benefit different segments of the population viz. older population, athletics, pregnant and lactating women. Its usage is extended even in bakery and diary product. It is also used in schools, prisons and in preparation to defend natural calamities and emergencies. There exists ease in production of textured vegetable protein among food manufacturers. It can also be preserved for a long time. Thus, need of healthy lifestyles, high protein-low fat diet, increasing vegan population, environmental concerns and love for animal are the driving force of the textured vegetable protein market.

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The consumption of textured vegetable protein derived from soy and wheat have adverse effects on human body. Soy proteins have enormous Phytic acids that disturbs the absorption of crucial minerals. It can sometimes lead to abdominal pain, bloating, nausea, and diarrhea. Wheat protein can cause celiac diseases and allergies. The scope of being allergic to textured vegetable protein can adversely affect its market. Also, flavor deficiency in these products can lead to lower consumption of these items.

The growing health awareness among people is likely to boost up this market. Its consumer base is increasing and is potential to increase too many folds in the years to come. For example, research made by The Food Science and Health Database Organization in 2018 show that 22 million citizens of UK have made a permanent choice of consuming plant-based meat and converted themselves into flexitarians. Thus, the choice of people to curb fat and carb consumption paves the way for this market to grow. Also, research has been done that staple food is good for human body. The spread of this knowledge can lead to increased consciousness among consumers and hence enlarge market. The producer’s incentive to build high yield production process at low cost is a good jumpstart. Innovation and research and development to make the products tastier and increase the product range is a great opportunity to enhance the market.

Segment Covered:

This market intelligence report on the Textured Vegetable Protein market can be divided based on product source, form, type, application, distributional channel, end use and region.

By Source

 

  • Soy
  • Pea
  • Wheat

 

By Form

 

  • Wet
  • Dry

By Type

 

  • Granules
  • Flakes
  • Slices
  • chunks

By Application

 

  • Meat Alternative (meat extender and analogues)
  • Cereals and snacks
  • Other uses (ready meals, soups, and stews)

 

By Distribution Channel

 

  • Direct
  • Indirect (supermarket/hypermarket, speciality stores, convenience stores, other retail sales)

 

By End Use

 

  • Industrial (Animal feed and pet food and food industry)
  • Commercial
  • Household

 

Region Division

 

  • Middle East and Africa
  • Asia Pacific excluding Japan
  • Japan
  • Eastern Europe
  • Western Europe
  • Latin America
  • North America

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Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

  • Hung Yang Foods
  • La Troja
  • Crown Soya Protein Group
  • AGT Food and Ingredients
  • Puris Food
  • Wilmar International
  • The Scoular Company
  • VestKorn
  • ADM
  • CHS
  • DuPont
  • Roquette Freres
  • SunNutra Foods

Other players have been profiled into detail to offer a glimpse of the market leaders. Moreover, parameters such as Textured Vegetable Protein Market related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Textured Vegetable Protein Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Textured Vegetable Protein Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø Leading market players covered this report comprise names such as ADM, CHS, SunNutra Foods, La Troja, Puris Food, VestKorn and many more.

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Textured Vegetable Protein caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Textured Vegetable and protein Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Textured Vegetable Protein Market

v Identification of key factors driving investment opportunities in the Textured Vegetable Protein Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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