Textured Vegetable Protein Market worth 6.1% CAGR by 2026
" COVID-19 Impact on Textured vegetable protein market, size, share, growth, industry analysis and forecast 2020-2026 "
Textured vegetable protein markets are products that have been modified into meat-like from a flour-type material. The outcome of the textured vegetable protein product offers the chewiness and fibrous character. These protein products are primarily consumed as an alternative to meat, rich in nutrients, minerals, vitamins, and antioxidants.
Factors accelerating the growth of the textured vegetable protein market include less cost of the product and its rich nutritional value and health benefits, fueling the textured vegetable protein market's development. Moreover, the increasing popularity of textured protein as an alternative for meat and the rising trend of consuming low-carb food concerned about weight are the other factors contributing to market growth. Furthermore, the concept of clean labels is escalating the competition in the market for textured vegetable protein. Hence, manufacturers are putting extreme efforts to acquire clean labels to strengthen their credibility credentials in the global market landscape, increasing these products' production.
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The economical and environment-friendly replacement to animal-sourced food products and developments in derivations of textured vegetable protein from other new sources generate market opportunities.
The Textured Vegetable Protein Market research report titled "Textured Vegetable Protein Market by Source, Type, Application, and Geography – Global Forecast to 2026."
Shandong Wonderful Industrial Group, FoodChem International, Shandong Yuxin Bio-Tech, Crown Soya Protein Group, AGT Food & Ingredients are the few leading market vendors textured vegetable protein market.
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North America is considered the leading region in the market share, but on the other hand, Asia Pacific is witnessing significant growth in the market. This is due to countries including India, with major vegan consumers and agriculture being the primary sector in this region, which majorly supports its growth.
The report consists of 103 Tables and 64 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Textured Vegetable Protein Market by Source
Textured Vegetable Protein Market by Type
Textured Vegetable Protein Market by Application
- Meat alternatives
- Cereals & snacks
- Other applications
Textured Vegetable Protein Market by Geography
- North America
- Asia Pacific
- Rest of the World