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Textured Vegetable Protein Market

Textured vegetable protein is a plant based protein specifically derived from pea, soyabean, wheat, and others. It is a meat substitute and has high protein and fiber content, while having zero fat or cholesterol. The textured vegetable protein is dry and shelf-stable product after processing and is available in different forms including granules, flakes, chunks, and others. Different variants of textured vegetable proteins are available in the market. These include textured wheat protein, textured pea protein, textured soy protein and others.

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Textured Vegetable Protein Market

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  2. The global textured vegetable protein market size was valued at $987.9 million in 2019, and is projected to reach $2,139.6 million by 2027, registering a CAGR of 9.2% from 2021 to 2027. Textured vegetable protein is a plant based protein specifically derived from pea, soyabean, wheat, and others. It is a meat substitute and has high protein and fiber content, while having zero fat or cholesterol. The textured vegetable protein is dry and shelf-stable product after processing and is available in different forms including granules, flakes, chunks, and others. Different variants of textured vegetable proteins are available in the market. Drivers, restraints, and opportunities- The global demand for textured vegetable protein is expected to increase due to surge in number of health-conscious consumers all across the globe. The market is also driven by the increase in number of vegan population looking for the meat substitutes offering same taste and nutritional value like meat. Consumers are shifting their focus toward healthy diets and are increasing their intake of protein owing to increase in awareness about the benefits offered by nutritional and health products. • Textured Vegetable Protein Market Download Report Sample

  3. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/11520 • Frontrunners in the industry- • Archer Daniels Midland Company • Cargill • Du Pont de Nemours and Company • Foodchem International Corporation • Hung Yang Foods Co. Ltd. • Sonic Biochem Extraction Pvt Ltd • Südzucker Group(Beneo) • Victoria Group A.D • Wilmar International Limited • Textured Vegetable Protein Market Download Report Sample

  4. Textured Vegetable Protein Market Key Market Segment By product type, the textured soy protein segment accounted for the highest textured vegetable protein market share in 2019. The textured vegetable protein market growth of is attributed to the rising number of consumers looking for protein rich food giving a similar taste and texture like meat. However, the others segment is expected to grow at the highest CAGR during the forecast period. By form, the chunks segment accounted for the highest textured vegetable protein market share in 2019. This is attributed to easy availability of textured vegetable protein in chunks form through various distribution channel across the globe. However, the flakes segment is anticipated to grow at the highest CAGR during the textured vegetable protein market forecast period. By end user, the business to consumer segment accounted for the highest textured market share in 2019. This is attributable to busy lifestyles of consumers, which increases the demand for functional foods like textured vegetable protein, which offers essential nutrition and helps enhance physical and mental wellness. However, the business to business segment is expected to grow at the highest CAGR during the forecast period. Download Report Sample

  5. By region, the textured vegetable protein market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2019. This is attributable to the rise in number of health-conscious consumers in countries such as the U.S.. However, Asia-Pacific is anticipated to grow at the highest CAGR during the textured vegetable protein market forecast period. • Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/8e3995134b92698c5284f622f80aae17 • Key findings of the study • By product type, the textured soy protein segment accounted for the highest textured vegetable protein market share in 2019, growing at a CAGR of 9.0% from 2021 to 2027. • By form, the chunks segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period. • By end user, the business to consumer segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period. • By region, North America accounted for highest share in 2019 and is expected to grow at a CAGR of 7.9% during the forecast period. • Textured Vegetable Protein Market Download Report Sample

  6. Covid-19 scenario- • The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Textured Vegetable Protein Market. There were huge disruptions in the supply chain as well. • Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again. • Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/11520 • Textured Vegetable Protein Market Download Report Sample

  7. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Textured Vegetable Protein Market Download Report Sample

  8. Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research Textured Vegetable Protein Market Download Report Sample

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