Textured Vegetable Protein Market by Application (Meat alternatives, Cereals & snacks, Others), Form, Source (Soy, Wheat, and Peas), Type (Slices, Flakes, Chunks, and Granules), and Region - Global Forecast to 2025
[184 Pages Report] According to MarketsandMarkets, the Textured Vegetable Protein Market was valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The growing demand for meat alternatives, as well as the increase in health awareness among consumers, are propelling the demand for textured vegetable protein. With the advancement of new technologies and innovative experiments in the food and beverage sector, the usage of textured vegetable protein has been dominant in the North American market, due to rise in vegan and flexitarian population, whereas the Asia Pacific region is growing fastest owing to new technologies and increase in the export of food and beverages.
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Market Dynamics
Drivers: Growing adaption of meat alternatives among consumers
Textured vegetable protein obtained from various sources such as soy, wheat, and pea has been adaptive among the food manufacturers, as it poses as a meat alternatives with functional and nutritional characteristics. Also, it has witnessed high rates of adoption among consumers, as it replicates the characteristics of meat products, such as sausages, burger patties, nuggets, and crumbles, with a similar texture and flavor. Meat alternatives contain protein from plants and are formulated to providing an option for non-meat consumers. Flexitarians have been actively working to reduce meat consumption in their diets and are emerging as a larger potential consumer segment. This has increased the production of meat alternatives that closely match the consumer eating experience of beef, chicken, and other animal-based products.
According to Animal Legal Defense Fund, in the US, every year, more than 9 billion animals are raised and killed on factory farms. The factory farm system has contributed to a range of problems, from increasing antibiotic resistance to the climate crisis. The consumer inclination toward meat alternatives can mitigate animal-sourced food to a huge percentage. Meat alternative manufacturers, such as Beyond Meat (US) and Impossible Foods (US), have witnessed a surge in sales of meat alternatives, due to a shortage of beef and pork during the COVID-19 pandemic. Beyond Meat (US) reported its first-quarter net revenue spike of 141 % to more than USD 97 million in 2020, compared to the previous year USD 40 million in 2019.
Meat alternatives manufactured using textured vegetable protein are primarily obtained from plant-based sources. They offer functional benefits to the consumers, as consumption of meat alternatives may avoid the cancer risks of red meat. Texture and flavor have been the significant specifications needed to bolster the rising demand for meat alternatives among the consumers. According to a study published by the Good Food Institute (GFI) in 2019, the taste of the meat alternatives would be the big make-or-break factor to boost the demand for meat alternatives. Therefore, a textured vegetable protein with meat-like texture and flavor can pose as a driving factor during the forecast period.
Restraints: Allergies associated with vegetable sources such as soy and wheat
Vegetable-sourced ingredients have functional health benefits and consist of essential minerals; however, in several cases, their consumption has been causing allergies in humans, thereby restraining market growth. For instance, soybeans are rich in nutrient content, such as vitamins, minerals, and proteins; however, anti-nutritional components present in them could cause allergies. According to the Cleveland Clinic, soy is one of the “Big Eight” allergens, along with cow’s milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish. A soy allergy occurs when the human immune system mistakes the harmless proteins found in soy as harmful and produces antibodies to combat them. Moreover, soy protein has large quantities of phytic acid, which has the potential to block the absorption of essential minerals, such as calcium, magnesium, copper, iron, and zinc. Soy allergy could also lead to itching and hives in humans. Other symptoms include bloating, diarrhea, nausea, and abdominal pain.
A study published by the National Institute of Health (NIH) in 2019 recognized wheat as a staple food and an important source of nutrients for millions of consumers. However, the last few years have seen increasing concerns about the adverse effects of wheat on health, particularly in the North American and European regions. Wheat gluten proteins cause a range of adverse reactions, including allergies, celiac disease, and non‐celiac gluten sensitivity in humans. Celiac disease can affect genetically predisposed human beings of all ages; however, it often begins in the middle infancy stage. The inflammation and destruction of the inner lining of the small intestines in celiac disease are caused by an allergic reaction to gluten in the diet. Therefore, allergies caused due to a few vegetable sourced ingredient sources are projected to restrain the global textured vegetable protein market during the forecast period.
Opportunities: Economical & Environment-friendly substitute to animal-sourced food products
Considering the growing health awareness among consumers, various food products such as meat patties and sausages are being replaced by plant-based/plant-infused meat products, which is expected to have a positive impact on the demand for plant-based protein. According to The Food Science and Health Database Organization, in 2018, “22 million UK citizens now identify as being a ‘flexitarian,’ viewed not as a fad diet, but a permanent lifestyle choice, notably most popular among highly influential millennials.” Thus, the increasing vegan and flexitarian population is projected to drive the textured vegetable protein market during the forecast period. Increased soy and wheat crop cultivation in developing regions such as South America and the Asia Pacific has augmented the widespread cultivation of soybean and wheat grains across the globe, resulting in the availability of soy and wheat products such as textured vegetable proteins.
Beyond Meat (US) has been working to bring down the price of its meat substitute products, currently made primarily with wheat and pea proteins, by shifting toward including less expensive ingredients such as lupin and sunflower seeds. On the manufacturing side, vegan brand Rebellyous Foods (US) aims to reduce the price of all plant-based meat products with its high-capacity production methods, which it uses to make its meat alternatives and plans to offer their license to other manufacturers by help them produce economical animal-free food products.
Challenges: Stringent government regulations & concerns over safety due to the inclusion of the GM ingredients
Soy, wheat, and pea are among the prominent sources used in the production of textured vegetable proteins and are produced in countries such as Brazil, the US, Argentina, China, and India. With the augmenting demand for plant-based food & beverages among the consumers, the demand for soy, wheat, and pea has also increased. However, to meet the growing demand for various textured protein sources, adulteration with genetically modified (GM) ingredients pose an emerging threat. For instance, non-GMO soybeans are primarily used for human consumption, whereas the GM soybeans are utilized mostly in livestock feed.
Most GM soy is industrially produced with hexane, which is detrimental to consumer health if consumed in larger quantities. Thus, the consumption of plant-based food products that have manufactured by GM soybean has resulted in a point of concern for consumers globally.
The European Union (EU) has implemented stringent regulations for genetically modified (GM) crops due to the risks associated with humans and the environment. Soy is the largest source of vegetable sourced protein. However, if genetically modified in the seed form, it could have adverse effects on humans during consumption. Hence, its usage is restricted in the European region. Several countries in the European Union have banned their farmers from cultivating genetically modified crops, at the same time, including a mandatory requirement for safety testing for GM content in the various stages of the food value chain. This has affected the genetically modified vegetable business in the region and is expected to hamper growth in the future, owing to the cultivation and adoption of non-GM soybean crops for food processing applications in several European countries.
‘By source, the soy segment is projected to account for the largest share in the textured vegetable protein market during the forecast period’
Soy has been a low-calorie and low-fat source of vegetable protein. It is often used as a meat substitute or meat extender due to its low cost as compared to animal-based sources of protein. Moreover, when textured soy protein is cooked with meat, it aids in retaining more nutrients from the meat by absorbing fluids that are usually lost. Textured soy protein acts as an ideal substitute for meat and is gaining higher traction among vegan and flexitarian consumers. These characteristics are majorly driving the demand for the usage of soy as a prime source for textured vegetable protein.
‘By type, slices segment is projected to account for the largest share in the market by form during the forecast period’
Textured vegetable protein slices were obtained by processing various beans with higher protein content. They are the unique source of protein that contains essential amino acids, protective ingredients, minerals, and vitamins, which are necessary for total metabolism. Sliced textured vegetable proteins used in meat alternatives are often used as a substitute for traditional meat products. Slices have primarily utilized in meat alternatives as burger patties, which are used in various consumer applications.
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‘Asia Pacific is projected to account for the faster-growing market with CAGR of 7.8% during the forecast period’
The textured vegetable protein market in this region is estimated to witness robust growth propelled by the economic developments of countries such as China, India, Japan, and Australia. The shift of industrialization and investments in Asia Pacific regions has grown substantially over the past decade, especially in China, which contributes to rapid economic growth. Therefore, several key market players in the region such as Wilmar International (Singapore), Fuji Oil Co. (Japan), Sun NutraFoods (India), Shandong Yuxin Soybean Protein (China), and Crown Soya Protein Group (China) have been emphasizing on developments to provide a large product portfolio in textured vegetable protein. The region also hosts a strong agricultural production base, which is a key factor in the production of vegetable-sourced protein.
Key Market Players:
ADM (US), Cargill (US), CHS (US), Roquette Freres (France), DuPont (US), Wilmar International (Singapore), The Scoular Company (US), Puris Foods (US), VestKorn (Norway), MGP Ingredients (US), Beneo GmbH (Germany), Shandong Yuxin Bio-Tech (China), FoodChem International (China), Shandong Wonderful Industrial Group (China), Axiom Foods (US), AGT Food & Ingredients (Canada), Sun NutraFoods (India), Crown Soya Protein Group (China), La Troja (Spain), and Hung Yang Foods (Taiwan).
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size estimation |
2018–2025 |
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Base year considered |
2019 |
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Forecast period considered |
2020–2025 |
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Units considered |
Value (USD) and Volume (KT) |
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Segments covered |
Application, type, source, form, and region |
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Regions covered |
North America, Europe, Asia Pacific, and RoW |
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Companies studied |
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Target Audience:
- Textured vegetable protein manufacturing companies and government organizations
- Service providing company officials
- Government and research organizations
- Research officers
- CEOs and vice presidents
- Marketing directors
- Product innovation directors and related key executives from manufacturing companies and organizations operating in the market
- Manufacturing and marketing companies
Report Scope
- This research report categorizes the textured vegetable protein market based on application, type, source, form, and region.
By Source
- Soy
- Pea
- Wheat
By Type
- Slices
- Flakes
- Chunks
- Granules
By Form
- Dry
- Wet
By Application
- Meat alternatives
- Meat extenders
- Meat analogues
- Cereals & snacks
- Other applications*
- *Other applications include dairy alternatives, soups, stews, and ready meals.
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
- South America
- Middle East & Africa
Recent Developments
- In January 2020, Roquette and Beyond Meat (US) formed a partnership agreement to significantly increase the supply of pea protein due to the rising demand in North American and European regions.
- In August 2019, Cargill (US) invested USD 75 million in PURIS Foods to boost the production of pea protein, starches, and fibres, bolstering the company to cater to the rising demand among various food & beverage manufacturers, globally.
- In May 2019, Roquette (France) expanded its presence in Lithuania by establishing a new R&D division. This strategy would bolster the regional experts and cater to the needs of regional customers as well as Northern Europe.
- In January 2018, Puris Foods established a strategic partnership with Cargill (US) with an initial investment of USD 25 million. Cargill is expected to take up the key role of the sales and distribution of pea proteins developed by Puris through various channels.
- In November 2019, VestKorn (Norway) launched textured pea protein and textured fababean protein to cater to the growing demand for sustainable meat alternatives in the North American and European regions.
- ADM (US) expanded its product portfolio by launching Textura. The company developed vegan alternatives based on the unique Textura fibrous soya, in combination with the Arcon T textured soya offering solutions to improve the food product’s texture and taste.
Frequently Asked Questions (FAQ):
I am interested in the European Textured Vegetable Protein market. What information does the current report cover?
Existing study on Textured Vegetable Protein (TVP) cover both qualitative and quantitative insights at regional and country level. Qualitative insights include regional and country market trends and insights on regulatory framework; quantitative insights include the market size of the European TVP market by countries mentioned below, market size by source, in terms of value and volume, by application and sub-applications of meat (meat extenders and meat analogues), by form, by type.
Quantitative insights at the country level include the market size by application and sub-meat application. Countries covered in the report are as mentioned below:
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (Netherland, Poland, Belgium, and other EU and non-EU countries)
Can you explain the research methodology on how you arrived at the market?
Yes, detailed explanation of research methodology can be provided over a scheduled call, it will also enable us to explain all your queries in detail. For a brief overview and knowledge: Multiple approaches have been adopted to understand the holistic view of this market including:
- Top-down approach
- Bottom-up approach from the regional level
- Primary interviews with industry experts
- Revenue mapping of key players and analyzing their market share
- Data triangulation
What kind of information is provided in the company profiles section?
For existing study, 20 company profiles are provided with insights including a business overview covering information on the company’s business segments, financials, geographic presence, and revenue mix and business revenue mix of total company revenue. The company profiles section also provides information on product offerings, key developments associated with the company, and MnM view to elaborate analyst views on the company. Some of the key players in the market include ADM, Cargill, CHS, Roquette Feres, DuPont, Wilmar International, The Scoular Company, Puris, Vestkorn, MGP Ingredients, Kansas Protein Food, Gushen Biological Technology, Beneo, Shandong Yuxin Bio-Tech, FoodChem International, Shandong Wonderful Industrial, Axiom Foods, AGT Food & Ingredients, Sun Nutrafoods, Crown Soya Protein Group, La Troja, and Hung Yang Foods.
What are some of the drivers fuelling the growth of the Textured Vegetable Protein (TVP) market?
The Global Textured Vegetable Protein (TVP) market is characterized by the following drivers
- Growing adoption of meat alternatives among consumers
Textured vegetable protein obtained from various sources such as soy, wheat, and pea has been adaptive among the food manufacturers, as it poses as a meat alternative with functional and nutritional characteristics. Also, it has witnessed high rates of adoption among consumers, as it replicates the characteristics of meat products, such as sausages, burger patties, nuggets, and crumbles, with a similar texture and flavor. Meat alternatives contain protein from plants and are formulated to providing an option for non-meat consumers. Flexitarians have been actively working to reduce meat consumption in their diets and are emerging as a larger potential consumer segment.
- Increase in health cognizance among consumers
A considerable portion of the population is shifting its food habits toward a health-conscious diet consisting of organic, fortified, and nutrition-rich ingredients. The changing consumer preferences have shown their inclination toward adapting to a nutritional diet as an ideal solution for a healthy lifestyle. In recent years, the adaption of organic plant-based food products among the consumers has been higher due to the growing consumer interest toward clean eating and non-GMO products.
What types of Textured Vegetable Protein (TVP) are covered in the market estimations? What is the depth of this and is this information covered at the country level?
The reports provide global, and regional market size (current & forecast until 2025) along with qualitative insights on below types:
- Slices
- Flakes
- Granules
- Chunks
Cross segment market size by various market segments can also be provided based on custom requirements.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 TEXTURED VEGETABLE PROTEIN MARKET SEGMENTATION
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2015–2019
1.7 VOLUME UNIT CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 2 TEXTURED PROTEIN MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 TEXTURED PROTEIN MARKET SIZE ESTIMATION- METHOD 1
2.2.2 MARKET SIZE of TEXTURED PROTEIN ESTIMATION- METHOD 2
2.2.3 MARKET SIZE of TEXTURED PROTEIN SIZE ESTIMATION NOTES
2.3 DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
2.6 INTRODUCTION TO COVID-19
2.7 COVID-19 HEALTH ASSESSMENT
FIGURE 4 COVID-19: THE GLOBAL PROPAGATION
FIGURE 5 COVID-19 PROPAGATION: SELECT COUNTRIES
2.8 COVID-19 ECONOMIC ASSESSMENT
FIGURE 6 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
FIGURE 7 FACTORS IMPACTING GLOBAL ECONOMY
FIGURE 8 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
3 EXECUTIVE SUMMARY (Page No. - 45)
TABLE 2 MARKET SNAPSHOT, 2020 VS. 2025
FIGURE 9 MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION)
FIGURE 10 MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 11 TEXTURED VEGETABLE PROTEIN MARKET SIZE, BY SOURCE, 2020 VS. 2025 (USD MILLION)
FIGURE 12 MARKET SHARE (VALUE), BY REGION, 2020
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 OVERVIEW OF THE MARKET
FIGURE 13 GROWING ADOPTION OF MEAT ALTERNATIVES AND INCREASE IN HEALTH COGNIZANCE AMONG CONSUMERS PROJECTED TO DRIVE THE GROWTH OF THE TEXTURED VEGETABLE PROTEIN MARKET
4.2 TEXTURED VEGETABLE PROTEIN MARKET: MAJOR REGIONAL SUBMARKETS
FIGURE 14 US IS THE LARGEST MARKET GLOBALLY FOR TEXTURED VEGETABLE PROTEIN IN 2020
4.3 NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE AND KEY COUNTRY
FIGURE 15 THE US ACCOUNTED FOR THE LARGEST SHARE IN THE NORTH AMERICAN MARKET IN 2020
4.4 TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE AND REGION
FIGURE 16 NORTH AMERICA PROJECTED TO DOMINATE THE MARKET FOR TEXTURED VEGETABLE PROTEIN, 2021 VS. 2025
4.5 MARKET, BY APPLICATION
FIGURE 17 MEAT ALTERNATIVES SEGMENT PROJECTED TO DOMINATE THE TEXTURED VEGETABLE PROTEIN MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
FIGURE 18 US: ANNUAL SALES OF PLANT-BASED FOOD & BEVERAGES, 2017–2019 (USD BILLION)
5.2 MARKET DYNAMICS
FIGURE 19 TEXTURED VEGETABLE PROTEIN MARKET DYNAMICS
5.3 DRIVERS
5.3.1 GROWING ADOPTION OF MEAT ALTERNATIVES AMONG CONSUMERS
FIGURE 20 IMPACT OF COVID-19 OUTBREAK ON US FOOD RETAIL SALES OF MEAT AND MEAT ALTERNATIVES COMPARED TO FRESH MEAT SALES, 2020
5.3.2 INCREASE IN HEALTH COGNIZANCE AMONG CONSUMERS
FIGURE 21 FOOD PREFERENCES IN THE US, 2018
FIGURE 22 GROWTH IN PLANT-BASED PRODUCT CATEGORIES IN THE US
TABLE 3 EUROPE: MEAT SUBSTITUTES SALES VS. CONVENTIONAL MEAT SALES, 2013 VS. 2018 (VOLUME)
FIGURE 23 EUROPEAN PLANT-BASED PROTEIN MARKET SHARE OF PROMINENT COUNTRIES
5.3.3 INNOVATIONS & DEVELOPMENTS RELATED TO VEGETABLE PROTEIN TO AUGMENT THE VEGAN TREND
TABLE 4 REGION-WISE IMPACT OF COVID-19 ON PLANT-BASED PRODUCT MARKETS
5.3.4 GROWTH IN INVESTMENTS & COLLABORATIONS IN THE PLANT-SOURCED FOOD BUSINESS
FIGURE 24 GREENHOUSE GAS EMISSION FROM AVERAGE FOOD CONSUMPTION, BY FOOD TYPE, 2018
5.4 RESTRAINTS
5.4.1 ALLERGIES ASSOCIATED WITH VEGETABLE PROTEIN SOURCES SUCH AS SOY AND WHEAT
FIGURE 25 US: POPULATION WITH FOOD ALLERGIES, 2019
5.4.2 PROCESSING COMPLEXITIES TO RESTRAIN MARKET GROWTH
5.5 OPPORTUNITIES
5.5.1 ECONOMICAL & ENVIRONMENT-FRIENDLY SUBSTITUTE TO ANIMAL-SOURCED FOOD PRODUCTS
5.5.2 DEVELOPMENTS IN EXTRACTIONS OF TEXTURED VEGETABLE PROTEIN FROM NEW SOURCES
5.6 CHALLENGES
5.6.1 STRINGENT GOVERNMENT REGULATIONS & CONCERNS OVER SAFETY DUE TO THE INCLUSION OF GM INGREDIENTS
5.6.2 UNPLEASANT FLAVOR OF SOY
5.7 VALUE CHAIN
FIGURE 26 TEXTURED VEGETABLE PROTEIN MARKET: VALUE CHAIN
5.8 YC SHIFT
FIGURE 27 YC & YCC SHIFT FOR THE PLANT-BASED PROTEIN MARKET
5.9 ECOSYSTEM/MARKET MAP FOR PROTEIN INGREDIENTS
FIGURE 28 ECOSYSTEM VIEW
FIGURE 29 MARKET MAP
5.10 EXPORT-IMPORT TRADE
5.10.1 NORTH AMERICA
TABLE 5 NORTH AMERICA: SOYBEAN EXPORT VALUE, BY KEY COUNTRY, 2015–2018 (USD BILLION)
TABLE 6 NORTH AMERICA: SOYBEAN IMPORT VALUE, BY COUNTRY, 2015-2018 (USD MILLION)
5.10.2 EUROPE
TABLE 7 EUROPE: SOYBEAN EXPORT VALUE, BY COUNTRY, 2015-2018 (USD MILLION)
TABLE 8 EUROPE: SOYBEAN IMPORT VALUE, BY COUNTRY, 2015-2018 (USD MILLION)
5.10.3 ASIA PACIFIC
TABLE 9 ASIA PACIFIC: SOYBEAN EXPORT VALUE, BY KEY COUNTRY, 2015–2018 (USD MILLION)
TABLE 10 ASIA PACIFIC: SOYBEAN IMPORT VALUE, BY KEY COUNTRY, 2015–2018 (USD BILLION)
5.10.4 SOUTH AMERICA
TABLE 11 SOUTH AMERICA: SOYBEAN EXPORT VALUE, BY COUNTRY, 2015-2018 (USD BILLION)
TABLE 12 SOUTH AMERICA: SOYBEAN IMPORT VALUE, BY COUNTRY, 2015-2018 (USD MILLION)
6 TEXTURED VEGETABLE PROTEIN, BY SOURCE (Page No. - 71)
6.1 INTRODUCTION
FIGURE 30 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
TABLE 13 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 14 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SOURCE, 2018–2025 (KT)
6.1.1 COVID-19 IMPACT ON THE TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE
6.1.1.1 Optimistic Scenario
TABLE 15 OPTIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
6.1.1.2 Pessimistic Scenario
TABLE 16 PESSIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SOURCE, 2018–2021 (USD MILLION)
6.2 SOY
6.2.1 POPULARITY IN MEAT ALTERNATIVES ESTABLISHES DOMINANCE FOR TEXTURED SOY PRODUCTS
TABLE 17 TEXTURED SOY PROTEIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 TEXTURED SOY PROTEIN MARKET SIZE, BY REGION, 2018–2025 (KT)
6.3 PEA
6.3.1 ALLERGEN-FRIENDLY AND FUNCTIONAL CHARACTERISTICS DRIVE THE DEMAND FOR TEXTURED PEA PROTEIN
TABLE 19 TEXTURED PEA PROTEIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 TEXTURED PEA PROTEIN MARKET SIZE, BY REGION, 2018–2025 (KT)
6.4 WHEAT
6.4.1 COST BENEFITS AND WIDESPREAD AVAILABILITY PROPEL THE DEMAND FOR TEXTURED WHEAT PROTEINS
TABLE 21 TEXTURED WHEAT PROTEIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 22 TEXTURED WHEAT PROTEIN MARKET SIZE, BY REGION, 2018–2025 (KT)
7 TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE (Page No. - 77)
7.1 INTRODUCTION
FIGURE 31 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 23 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY TYPE, 2018–2025 (USD MILLION)
7.1.1 COVID-19 IMPACT ON THE TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE
7.1.1.1 Optimistic Scenario
TABLE 24 OPTIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY TYPE, 2018–2021 (USD MILLION)
7.1.1.2 Pessimistic Scenario
TABLE 25 PESSIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY TYPE, 2018–2021 (USD MILLION)
7.2 SLICES
7.2.1 MEAT ALTERNATIVES PRESENT STRONG SCOPE FOR TEXTURED PROTEIN SLICES
TABLE 26 SLICES: TEXTURED VEGETABLE PROTEIN SLICES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
7.3 FLAKES
7.3.1 GROWING POPULARITY OF CEREALS AND SNACKS TO DRIVE THE SALES OF TEXTURED PROTEIN FLAKES
TABLE 27 FLAKES: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2025 (USD MILLION)
7.4 CHUNKS
7.4.1 CUSTOMIZABLE FLAVOR OPTIONS AND SIZES ADD TO THE POPULARITY OF TEXTURED CHUNKS AMONG VEGAN CONSUMERS
TABLE 28 CHUNKS: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2025 (USD MILLION)
7.5 GRANULES
7.5.1 EXTENDED SHELF LIFE OF TEXTURED VEGETABLE PROTEIN GRANULES DRIVING MARKET GROWTH
TABLE 29 GRANULES: TEXTURED VEGETABLE PROTEIN SLICES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
8 TEXTURED VEGETABLE PROTEIN, BY FORM (Page No. - 83)
8.1 INTRODUCTION
FIGURE 32 TEXTURIZED VEGETABLE PROTEIN MARKET SIZE, BY FORM, 2020 VS. 2025 (USD MILLION)
TABLE 30 TEXTURED PROTEIN MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
8.1.1 COVID-19 IMPACT ON THE TEXTURED VEGETABLE PROTEIN MARKET, BY FORM
8.1.1.1 Optimistic Scenario
TABLE 31 OPTIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY FORM, 2018–2021 (USD MILLION)
8.1.1.2 Pessimistic Scenario
TABLE 32 PESSIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY FORM, 2018–2021 (USD MILLION)
8.2 DRY
8.2.1 WIDESPREAD APPLICABILITY AND LOWER PROCESSING COSTS BOLSTER THE GROWTH OF DRY TEXTURED VEGETABLE PROTEINS
TABLE 33 DRY MARKET SIZE of TEXTURED PROTEIN, BY REGION, 2018–2025 (USD MILLION)
8.3 WET
8.3.1 PLANT-BASED MEAT APPLICATIONS PROPEL PROSPECTS FOR WET TEXTURED VEGETABLE PROTEINS
TABLE 34 WET MARKET SIZE of TEXTURED PROTEIN, BY REGION, 2018–2025 (USD MILLION)
9 TEXTURED VEGETABLE PROTEIN, BY APPLICATION (Page No. - 87)
9.1 INTRODUCTION
FIGURE 33 TEXTURIZED VEGETABLE PROTEIN MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
TABLE 35 TEXTURED PROTEIN MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 36 MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
9.1.1 COVID-19 IMPACT ON THE TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION
9.1.1.1 Optimistic Scenario
TABLE 37 OPTIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
9.1.1.2 Pessimistic Scenario
TABLE 38 PESSIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2021 (USD MILLION)
9.2 MEAT ALTERNATIVES
9.2.1 GROWING CONSUMPTION OF PLANT-BASED MEAT DRIVES THE GROWTH OF TEXTURED PROTEINS
9.2.2 MEAT EXTENDERS
9.2.2.1 Economical substitute for traditional meat would boost the market for meat extenders
9.2.3 MEAT ANALOGUES
9.2.3.1 Economical substitute for traditional meat would boost the market for meat extenders
TABLE 39 MEAT ALTERNATIVES: TEXTURIZED VEGETABLE PROTEIN MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
9.3 CEREALS & SNACKS
9.3.1 HEALTHY SNACKING HABITS DRIVE THE PARADIGM SHIFT IN CONSUMER BEHAVIOR FOR TEXTURED PROTEINS
TABLE 40 CEREALS & SNACKS: MARKET SIZE of TEXTURED PROTEIN, BY REGION, 2020–2025 (USD MILLION)
9.4 OTHER APPLICATIONS
TABLE 41 OTHER APPLICATIONS: MARKET SIZE of TEXTURED PROTEIN, BY REGION, 2020–2025 (USD MILLION)
10 TEXTURED VEGETABLE PROTEIN MARKET, BY REGION (Page No. - 94)
10.1 INTRODUCTION
FIGURE 34 TEXTURED VEGETABLE PROTEIN MARKET GROWTH, BY KEY COUNTRY, 2020–2025
TABLE 42 MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2025 (USD MILLION)
10.1.1 COVID-19 IMPACT ON THE TEXTURED VEGETABLE PROTEIN MARKET, BY REGION
10.1.1.1 Optimistic Scenario
TABLE 43 OPTIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2021 (USD MILLION)
10.1.1.2 Pessimistic Scenario
TABLE 44 PESSIMISTIC SCENARIO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2021 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 INTRODUCTION
FIGURE 35 NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET SNAPSHOT
TABLE 45 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 46 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 47 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2018–2025 (KT)
TABLE 48 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 49 NORTH AMERICA: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
TABLE 50 NORTH AMERICA: MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 51 NORTH AMERICA: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
10.2.2 AVERAGE SELLING PRICE
TABLE 52 NORTH AMERICA: AVERAGE PRICES OF TEXTURED VEGETABLE, BY SOURCE, 2018-2020 (USD/KG)
10.2.3 REGULATORY FRAMEWORK
10.2.4 US
10.2.4.1 Awareness among consumers about the health benefits of meat alternatives boosts the market for textured vegetable protein in the US
TABLE 53 US: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 54 US: TEXTURED VEGETABLE PROTEIN MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.2.5 CANADA
10.2.5.1 Abundant pulse & crop production bolstering the market demand for textured vegetable protein
TABLE 55 CANADA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 56 CANADA: TEXTURED VEGETABLE PROTEIN MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.2.6 MEXICO
10.2.6.1 Sluggish growth for textured vegetable protein due to the dependency on the US & Canadian manufacturers
TABLE 57 MEXICO: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 58 MEXICO: TEXTURED VEGETABLE PROTEIN MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3 EUROPE
10.3.1 INTRODUCTION
TABLE 59 EUROPE: TEXTURED VEGETABLE PROTEIN MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 60 EUROPE: MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 61 EUROPE: MARKET SIZE, BY SOURCE, 2018–2025 (KT)
TABLE 62 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 63 EUROPE: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
TABLE 64 EUROPE: MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 65 EUROPE: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
10.3.2 AVERAGE SELLING PRICE
TABLE 66 EUROPE: AVERAGE PRICES OF TEXTURED VEGETABLE, BY SOURCE, 2018-2020 (USD/KG)
10.3.3 REGULATORY FRAMEWORK
10.3.4 GERMANY
10.3.4.1 Government’s promotion based on changing consumer preferences would fuel the market for textured vegetable protein
TABLE 67 GERMANY: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 68 GERMANY: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3.5 FRANCE
10.3.5.1 Robust agricultural background can fuel the market for textured vegetable protein
TABLE 69 FRANCE: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 70 FRANCE: TEXTURED VEGETABLE PROTEIN MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3.6 UK
10.3.6.1 Reduction in meat consumption creates an opportunity for textured vegetable protein
TABLE 71 UK: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 72 UK: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3.7 ITALY
10.3.7.1 Shifting consumer opinions in a well-entrenched meat market to aid meat alternative disruption in Italy
TABLE 73 ITALY: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 74 ITALY: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3.8 SPAIN
10.3.8.1 Environmental concerns among consumers have been the major driver for the rise in demand for textured vegetable protein
TABLE 75 SPAIN: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 76 SPAIN: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.3.9 REST OF EUROPE
TABLE 77 REST OF EUROPE: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 78 REST OF EUROPE: MARKET SIZE FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4 ASIA PACIFIC
10.4.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET SNAPSHOT
TABLE 79 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2018–2025 (KT)
TABLE 82 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 83 ASIA PACIFIC: MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 85 ASIA PACIFIC: MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4.2 AVERAGE SELLING PRICE
TABLE 86 ASIA PACIFIC: AVERAGE PRICES OF TEXTURED VEGETABLE, BY SOURCE, 2018-2020 (USD/KG)
10.4.3 REGULATORY FRAMEWORK
10.4.4 CHINA
10.4.4.1 Well-established production base to augment growth prospects for China’s textured protein market
TABLE 87 CHINA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 88 CHINA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4.5 INDIA
10.4.5.1 Western culture, fueling the vegan trend, resulting in an increase in demand for textured vegetable protein
TABLE 89 INDIA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 90 INDIA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4.6 JAPAN
10.4.6.1 Rise in health concerns propelling the textured vegetable protein market
TABLE 91 JAPAN: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 92 JAPAN: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4.7 AUSTRALIA & NEW ZEALAND
10.4.7.1 Changing consumer preferences, environmental concerns, and sustainability driving the market
TABLE 93 AUSTRALIA & NEW ZEALAND: TEXTURED VEGETABLE PROTEIN MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 94 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.4.8 REST OF ASIA PACIFIC
TABLE 95 REST OF ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 96 REST OF ASIA PACIFIC: MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.5 ROW
10.5.1 INTRODUCTION
TABLE 97 REST OF THE WORLD: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY REGION, 2018–2025 (USD MILLION)
TABLE 98 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 99 REST OF THE WORLD: MARKET SIZE, BY SOURCE, 2018–2025 (KT)
TABLE 100 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 101 REST OF THE WORLD: MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 102 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 103 REST OF THE WORLD: MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.5.2 AVERAGE SELLING PRICE
TABLE 104 REST OF THE WORLD: AVERAGE PRICES OF TEXTURED VEGETABLE, BY SOURCE, 2018-2020 (USD/KG)
10.5.3 SOUTH AMERICA
10.5.3.1 Rising number of vegan consumers driving the market for textured vegetable protein
TABLE 105 SOUTH AMERICA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 106 SOUTH AMERICA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
10.5.4 MIDDLE EAST & AFRICA
10.5.4.1 Rising consumer inclination toward sustainable food products offering potential growth for textured vegetable protein
TABLE 107 MIDDLE EAST & AFRICA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 108 MIDDLE EAST & AFRICA: MARKET SIZE FOR TEXTURED VEGETABLE PROTEIN, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 134)
11.1 OVERVIEW
11.2 MARKET EVALUATION FRAMEWORK
FIGURE 37 MARKET EVALUATION FRAMEWORK, 2017–2020
11.3 MARKET SHARE ANALYSIS, 2019
FIGURE 38 TEXTURED VEGETABLE PROTEIN MARKET SHARE ANALYSIS, 2019
11.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 39 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2015-2019
11.5 COMPETITIVE SCENARIO
11.5.1 EXPANSIONS & INVESTMENTS
TABLE 109 EXPANSIONS & INVESTMENTS, 2019
11.5.2 AGREEMENTS & PARTNERSHIPS
TABLE 110 AGREEMENTS & PARTNERSHIPS, 2018–2020
11.5.3 NEW PRODUCT LAUNCHES
TABLE 111 NEW PRODUCT LAUNCHES, 2019
TABLE 112 JOINT VENTURES, 2020
12 COMPANY EVALUATION MATRIX & COMPANY PROFILES (Page No. - 140)
12.1 OVERVIEW
12.2 COMPANY EVALUATION MATRIX: DEFINITIONS & METHODOLOGY
12.2.1 STARS
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 EMERGING COMPANIES
12.3 COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
FIGURE 40 GLOBAL TEXTURED VEGETABLE PROTEIN MARKET: COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
13 COMPANY PROFILES (Page No. - 142)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
13.1 ADM
FIGURE 41 ADM: COMPANY SNAPSHOT
13.2 CARGILL
FIGURE 42 CARGILL: COMPANY SNAPSHOT
13.3 CHS
FIGURE 43 CHS: COMPANY SNAPSHOT
13.4 ROQUETTE FRERES
FIGURE 44 ROQUETTE FRERES: COMPANY SNAPSHOT
13.5 DUPONT
FIGURE 45 DUPONT: COMPANY SNAPSHOT
13.6 WILMAR INTERNATIONAL
FIGURE 46 WILMAR INTERNATIONAL: COMPANY SNAPSHOT
13.7 THE SCOULAR COMPANY
13.8 PURIS FOODS
13.9 VESTKORN
13.10 MGP INGREDIENTS
FIGURE 47 MGP INGREDIENTS: COMPANY SNAPSHOT
13.11 KANSAS PROTEIN FOOD LLC
13.12 GUSHEN BIOLOGICAL TECHNOLOGY CO. LTD
13.13 COMPETITIVE LEADERSHIP MAPPING (START-UP/SME)
13.13.1 PROGRESSIVE COMPANIES
13.13.2 STARTING BLOCKS
13.13.3 RESPONSIVE COMPANIES
13.13.4 DYNAMIC COMPANIES
FIGURE 48 TEXTURED VEGETABLE PROTEIN MARKET: COMPETITIVE LEADERSHIP MAPPING FOR START-UPS/SMES, 2019
13.14 BENEO
13.15 SHANDONG YUXIN BIO-TECH
13.16 FOODCHEM INTERNATIONAL
13.17 SHANDONG WONDERFUL INDUSTRIAL GROUP
13.18 AXIOM FOODS
13.19 AGT FOOD & INGREDIENTS
FIGURE 49 AGT FOODS & INGREDIENTS: COMPANY SNAPSHOT
13.2 SUN NUTRAFOODS
13.21 CROWN SOYA PROTEIN GROUP
13.22 LA TROJA
13.23 HUNG YANG FOODS
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 174)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involved four major activities in estimating the textured vegetable protein market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of textured vegetable protein manufacturing companies and government organizations, service providing company officials, government and research organizations, and research officers. The supply side is characterized by the presence of key CEOs and vice presidents, marketing directors, product innovation directors and related key executives from manufacturing companies and organizations operating in the market, and manufacturing and marketing companies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size include the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Data Triangulation
After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.
Report Objectives
- To describe and forecast the textured vegetable protein market, in terms of type, source, application, form, and region
- To describe and forecast the textured vegetable protein market, in terms of value, by region–North America, Europe, Asia Pacific, and the Rest of the World—along with their respective countries
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of the market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
- To analyze strategic approaches, such as acquisitions & divestments, expansions, product launches & approvals, and agreements, in the textured vegetable protein market
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:
Geographic Analysis
- Further breakdown of the Rest of the World textured vegetable protein market into Brazil, Argentina South Africa, and RoW (Nigeria, Kenya, Ethiopia, Tanzania, Morocco, Egypt, and the Democratic Republic of Congo).
- Further breakdown of the Rest of European textured vegetable protein market into Poland, Sweden, Belgium, Switzerland, Ukraine, and other EU & non-EU countries.
- Further breakdown of the Rest of Asia Pacific includes Thailand, Malaysia, Singapore, and other ASEAN countries
- Further breakdown of the Rest of South America includes Chile, Colombia, Uruguay, Venezuela, and Peru.
Segment Analysis
- Further breakdown of the application segment into major countries.
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Textured Vegetable Protein Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Textured Vegetable Protein Market