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By 2031, the market for textured vegetable protein is expected to be worth US$ 2.93 billion, up from US$ 1.93 billion in 2024. The market is expected to register a CAGR of 6.1% during 2024u20132031. During the forecast period, new market trends are likely to emerge as a result of the rise in veganism.
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INTRODUCTION The textured vegetable protein market size is projected to reach US$ 2.93 billion by 2031 from US$ 1.93 billion in 2024. The market is expected to register a CAGR of 6.1% during 2024–2031.
SEGMENTS SOURCE • Soy • Pea • Others PRODUCT TYPE GEOGRAPHY • Flakes • Chunks • Others • North America • Europe • Asia Pacific • South and Central America
KEY PROFILES • Archer-Daniels-Midland Co • Cargill Inc • Ingredion Inc • Roquette Freres SA • International Flavors & Fragrances Inc • MGP Ingredients Inc • Puris • DSM-Firmenich AG • Axiom Foods Inc • Foodchem International Corp
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