Textured Vegetable Protein Market Set to Reach $2,139.6 Million by 2027, Fueled by Rising Demand for Plant-Based Protein Alternatives.

According to a new report published by Allied Market Research, titled, "Textured Vegetable Protein Market by Product Type, Form, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2027," 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.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/A11155

Textured vegetable protein is plant-based protein that acts as a replacement for animal-based protein such as egg, meat, and others. The demand for textured vegetable protein is expected to experience growth due to increase in demand from the health-conscious consumers looking for protein rich food.

The outbreak of COVID-19 has positively impacted the textured vegetable protein market growth in terms of value sales. Consumers are avoiding meat and meat products and are replacing it with the textured vegetable protein which has similar texture and taste like meat, during the pandemic. This turn boost the growth of the textured vegetable protein market amidst of the global health crisis.

Furthermore, the demand for textured vegetable protein is anticipated to increase due to surge in need for nutritional food in the market. 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. This in turn significantly contributes toward the growth of the textured vegetable protein market.

The textured vegetable protein market segment is categorized into product type, form, end user, and region. By product type, it is bifurcated into textured soy protein and others. By form, the market is classified into flakes, granules, chunks, and others. By end user, it is divided into business to business and business to consumers. By region, the textured vegetable protein market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

▶️ 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/A11155

By product type, the others segment is expected to grow at the highest CAGR during the textured vegetable protein market forecast period owing to the increase in consumer awareness regarding animal cruelty and the negative impact of meat products on human health.

By form, the flakes segment is anticipated to grow at the highest CAGR during the forecast period owing to the rise in adoption of textured vegetable protein in flakes form in restaurants in various meals including burgers, soups, and others as a meat analog.

By end user, the "business to business" segment is expected to grow at the highest CAGR during the forecast period owing to the surge in number of restaurants that are offering textured vegetable protein in their menu owing to the rise in number of health-conscious consumers.

By region, Asia-Pacific is anticipated to grow at the highest CAGR during the textured vegetable protein market forecast period. Asian consumers have been seeking beyond food and drink to functional foods to boost their wellbeing with the rise in health and wellness trend in the region.

▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/A11155

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.

▶️ 𝐁𝐔𝐘 𝐍𝐨𝐰 https://www.alliedmarketresearch.com/checkout-final/ea18a2d70ba852e3a2fac43398a826e6

Some of the prominent players operating in the global textured vegetable protein industry analyzed in this report include :

𝟭. 𝗔𝗿𝗰𝗵𝗲𝗿 𝗗𝗮𝗻𝗶𝗲𝗹𝘀 𝗠𝗶𝗱𝗹𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝘆
𝟮. 𝗖𝗮𝗿𝗴𝗶𝗹𝗹, 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝗱 𝗜𝗻𝗰.
𝟯. 𝗗𝘂 𝗣𝗼𝗻𝘁 𝗱𝗲 𝗡𝗲𝗺𝗼𝘂𝗿𝘀 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝘆
𝟰. 𝗙𝗼𝗼𝗱𝗰𝗵𝗲𝗺 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻
𝟱. 𝗛𝘂𝗻𝗴 𝗬𝗮𝗻𝗴 𝗙𝗼𝗼𝗱𝘀 𝗖𝗼., 𝗟𝘁𝗱.
𝟲. 𝗦𝗼𝗻𝗶𝗰 𝗕𝗶𝗼𝗰𝗵𝗲𝗺 𝗘𝘅𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗣𝘃𝘁 𝗟𝘁𝗱
𝟳. 𝗦ü𝗱𝘇𝘂𝗰𝗸𝗲𝗿 𝗚𝗿𝗼𝘂𝗽 (𝗕𝗲𝗻𝗲𝗼)
𝟴. 𝗩𝗶𝗰𝘁𝗼𝗿𝗶𝗮 𝗚𝗿𝗼𝘂𝗽 𝗔.𝗗.
𝟵. 𝗪𝗶𝗹𝗺𝗮𝗿 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗟𝗶𝗺𝗶𝘁𝗲𝗱

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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 to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.