Textured Vegetable Protein Market By Product Type (Textured Pea Protein, Textured Wheat Protein, Textured Soy Protein, and Others), By Application (Cereals & Snacks, Meat Alternatives), Geography

Purchase Option

$ 4400
$ 6600
$ 8900

Textured Vegetable Protein Market size was valued at USD 2,672.1 million in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030. Textured Vegetable Protein (TVP) is a defatted soy flour product used as a meat analogue in vegetarian and vegan foods. It's high in protein, low in fat, and offers a meat-like texture, making it popular in various food applications. The rising adoption of plant-based diets, increasing health consciousness, and growing environmental concerns related to meat production are driving market growth. In 2022, the plant-based meat market, a key application area for TVP, reached $8 billion globally, indicating strong demand.

Technological advancements in food processing, such as improved extrusion techniques, are enhancing TVP's texture and palatability, further boosting its market appeal. The COVID-19 pandemic has also accelerated interest in plant-based proteins due to concerns about the safety and sustainability of animal-based foods. However, challenges such as off-flavors in some products and texture limitations compared to real meat may hinder market growth. Additionally, soy allergies and consumer preferences for whole foods in some regions pose challenges. The Asia Pacific region held the major market share in 2023 and is expected to dominate the global Textured Vegetable Protein Market in the forecasted years, driven by large populations, increasing health awareness, and growing disposable incomes.

Textured Vegetable Protein Market Key Developments:

In 2022, Cargill introduced a new line of textured pea and canola proteins, expanding beyond soy-based TVP to cater to diverse consumer preferences and allergen concerns.

Textured Vegetable Protein Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.4%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Textured Vegetable Protein Market Dynamics

The increasing prevalence of lifestyle-related diseases, such as obesity and cardiovascular disorders, is a significant driver for the TVP market. Consumers are increasingly seeking healthier protein alternatives, with TVP offering a low-fat, high-fiber option. The market is also benefiting from the growing environmental consciousness among consumers, as plant-based proteins have a lower carbon footprint compared to animal proteins. For instance, producing 1 kg of TVP emits about 0.8 kg of CO2, compared to 27 kg for 1 kg of beef. Technological advancements in food processing and flavor development are addressing taste and texture challenges, expanding TVP's appeal. The rise of flexitarians, where consumers reduce meat consumption without eliminating it, is also boosting demand for TVP in blended products. However, the market faces challenges such as competition from other plant proteins like pea and wheat, as well as whole-food plant-based alternatives. Regulatory hurdles in some regions regarding the labeling and marketing of plant-based meat alternatives may also impact market growth.

Textured Vegetable Protein Market Segmentation

By Product Type
  • Textured Soy Protein
  • Textured Wheat Protein
  • Textured Pea Protein
  • Others
By Application
  • Meat Alternatives
  • Cereals & Snacks
Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Textured Vegetable Protein Market was valued at USD 2,672.1 million in 2023 and is expected to grow at a CAGR of 7.4% from 2024 to 2030.

The Textured Vegetable Protein Market is segmented based on Product Type, Application, and Geography.

The leading players in the global Textured Vegetable Protein Market are Archer Daniels Midland Company, Cargill, Inc., DuPont de Nemours, Inc., Roquette Frères, SOTEXPRO, Ingredion Inc., Puris Foods, Beneo GmbH, Axiom Foods, Inc., MGP Ingredients, Inc., Sonic Biochem Extractions Ltd., The Scoular Company, Wilmar International Limited, Crown Soya Protein Group, and Victoria Group.

Historic years considered for the market study are 2019-2022, 2023 is considered as the base year for market estimation, and Seven years forecast is presented from 2024 – 2030.

Key Features of the Reports

  • The textured vegetable protein market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Textured Vegetable Protein Market  Introduction 
2.1.Global Textured Vegetable Protein Market   - Taxonomy
2.2.Global Textured Vegetable Protein Market   - Definitions
2.2.1. Product Type
2.2.2.Application
2.2.3.Region
3.Global Textured Vegetable Protein Market  Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Textured Vegetable Protein Market  Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Textured Vegetable Protein Market   By  Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Textured Soy Protein
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Textured Wheat Protein
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Textured Pea Protein
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Textured Vegetable Protein Market   By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Meat Alternatives
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cereals & Snacks
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Textured Vegetable Protein Market   By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Textured Vegetable Protein Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1.  Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Textured Soy Protein
8.1.2.Textured Wheat Protein
8.1.3.Textured Pea Protein
8.1.4.Others
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Meat Alternatives
8.2.2.Cereals & Snacks
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Textured Vegetable Protein Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1.  Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Textured Soy Protein
9.1.2.Textured Wheat Protein
9.1.3.Textured Pea Protein
9.1.4.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Meat Alternatives
9.2.2.Cereals & Snacks
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Textured Vegetable Protein Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1.  Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Textured Soy Protein
10.1.2.Textured Wheat Protein
10.1.3.Textured Pea Protein
10.1.4.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Meat Alternatives
10.2.2.Cereals & Snacks
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Textured Vegetable Protein Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1.  Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Textured Soy Protein
11.1.2.Textured Wheat Protein
11.1.3.Textured Pea Protein
11.1.4.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Meat Alternatives
11.2.2.Cereals & Snacks
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Textured Vegetable Protein Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1.  Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Textured Soy Protein
12.1.2.Textured Wheat Protein
12.1.3.Textured Pea Protein
12.1.4.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Meat Alternatives
12.2.2.Cereals & Snacks
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Archer Daniels Midland Company
13.2.2.Cargill, Inc.
13.2.3.DuPont de Nemours, Inc.
13.2.4.Roquette Frères
13.2.5.SOTEXPRO
13.2.6.Ingredion Inc.
13.2.7.Puris Foods
13.2.8.Beneo GmbH
13.2.9.Axiom Foods, Inc.
13.2.10.MGP Ingredients, Inc.
13.2.11.Sonic Biochem Extractions Ltd.
13.2.12.The Scoular Company
13.2.13.Wilmar International Limited
13.2.14.Crown Soya Protein Group
13.2.15.Victoria Group
14. Research Methodology 
15. Appendix and Abbreviations 
  • Archer Daniels Midland Company
  • Cargill, Inc.
  • DuPont de Nemours, Inc.
  • Roquette Frères
  • SOTEXPRO
  • Ingredion Inc.
  • Puris Foods
  • Beneo GmbH
  • Axiom Foods, Inc.
  • MGP Ingredients, Inc.
  • Sonic Biochem Extractions Ltd.
  • The Scoular Company
  • Wilmar International Limited
  • Crown Soya Protein Group
  • Victoria Group

Adjacent Markets