Top Textured Vegetable Protein Companies

The textured vegetable protein market is estimated at USD 1.88 billion in 2025 and is projected to reach USD 2.65 billion by 2030, at a CAGR of 7.1% from 2025 to 2030.

TVP stands for textured vegetable protein, a rapidly growing market in the plant protein sector. Over time, consumer food habits have shifted toward plant-based foods, health consciousness has increased, and concerns about environmental sustainability are rising. TVP is a versatile ingredient with a high protein content, primarily sourced from soybeans, peas, and wheat. It is used as a meat substitute or extender in various food applications, including meat analogs, snacks, baked goods, and ready-to-eat meals. TVP has been essential in the plant protein revolution due to its ability to replicate the texture and flavor of meat, while also being nutritious and cost-effective.

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Advancements in food processing technology and an increased concern for sustainable and allergen-free protein alternatives have significantly contributed to the growth of the TVP market. As health, ethical, and environmental issues become top priorities for consumers worldwide, we can expect substantial growth in this market from developed and developing countries.

Key players in the textured vegetable protein market include ADM (US), Roquette Frères (France), Ingredion (US), dsm-firmenich (Netherlands), The Scoular Company (US), Beneo (Germany), International Flavors & Fragrances, Inc. (US), Cargill, Incorporated (US), MGP  (US), PURIS (US), Shandong Yuxin Bio-Tech Co., Ltd. (China), Gushen Biological Technology Group, Co., Ltd. (China), Axiom Foods, Inc. (US), Foodchem International Corporation (China), and Dacsa Group (Spain). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansions to strengthen their international footprint and capture a greater share of the textured vegetable protein market.

ADM (US)

Archer Daniels Midland Company (ADM), headquartered in Chicago, Illinois, is a global leader in agricultural processing and a pioneer in the TVP market. Founded in 1902, ADM registered the original patent for TVP in 1965, establishing itself as a trailblazer in plant-based protein innovation. The company’s extensive portfolio includes soy-based TVP products, such as TVP® and MaxFlex™ pea protein blends. ADM’s acquisition of Sojaprotein in 2021, a Serbia-based non-GMO vegetable protein manufacturer, strengthened its production capabilities and expanded its presence in Eastern Europe, serving over 65 countries.

The company operates over 270 plants globally, with significant investments in soy processing facilities, such as its Rondonópolis, Brazil, expansion announced in 2021. ADM’s innovation labs, including one in Singapore, focus on improving TVP’s taste, texture, and functionality to meet consumer demands for clean-label and sustainable products. ADM aims to reduce greenhouse gas emissions by 25% by 2035, aligning its TVP offerings with environmental sustainability to attract eco-conscious consumers. Its strong market position is driven by decades of expertise, robust supply chains, and a focus on high-quality, plant-based ingredients that deliver superior sensory experiences.

Cargill, Incorporated (US)

Cargill, Incorporated, founded in 1865 and headquartered in Minneapolis, Minnesota, is a global agribusiness giant with a significant presence in the TVP market. Operating in over 70 countries, Cargill offers a diverse range of plant-based proteins, including Prolia Soy Flour, Prosante Textured Soy Flour, and PURIS Pea Protein, used in meat alternatives, snacks, and ready meals. In 2020, Cargill partnered with PURIS Proteins to expand its non-GMO and organic TVP offerings, addressing the rising demand for clean-label products. The company introduced TEX PW80 M in 2023, a pea and wheat protein blend designed to replicate the texture and juiciness of ground meat, enhancing its appeal in Europe. Cargill’s 2021 investment of  USD 475 million to expand the US soy processing facilities underscores its commitment to meeting the growing demand for plant-based proteins. With 75 business lines across agriculture, food, and industrial segments, Cargill leverages its global supply chain and innovation capabilities to deliver high-quality TVP products.

The company’s focus on sustainability and health-driven consumer trends positions it as a key player in the TVP market, catering to flexitarian and vegan consumers seeking nutritious, environmentally friendly alternatives. In May 2023,  Cargill introduced TEX PW80 M, a plant protein blend of pea and wheat protein in Europe, designed to replicate the texture, juiciness, and bite of ground meat.

Market Ranking

The textured vegetable protein market is competitive, with five leading players collectively holding 30-45% of the total market share. Companies are concentrating on expanding their production facilities, forming deals, partnerships, and agreements, and launching new products to grow their business and increase their market share. In February 2022, MGP announced plans to construct a state-of-the-art extrusion plant to produce its ProTerra line of texturized proteins.

This new plant, located adjacent to their existing facility in Atchison, Kansas, will operate with a capacity to produce up to 10 million pounds of ProTerra annually. MGP Ingredients is poised to strengthen its position in the specialty proteins market by enhancing production capacity and leveraging innovative technology, driving future growth and innovation. In February 2024, Roquette Frères launched NUTRALYS T Pea 700 M. This will help the company cater to the new trends in organic ingredients and its global reach.

Related Reports:

Textured Vegetable Protein Market Report by Type (Slices, Chunks, Flakes, Granules), Source (Soy, Pea, Wheat), Application (Meat Analogues, Bars & Snacks, Ready-to-Eat Meals), Nature (Organic, Conventional), and Region - Global Forecast to 2030

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