Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Textured
Vegetable Protein Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Textured Vegetable Protein Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Textured Vegetable Protein Market over
the short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Textured Vegetable Protein Market `is offered. In
accordance with the report, the global Textured Vegetable Protein Market is
projected to expand at a CAGR of 6.2% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Textured
vegetable protein is obtained from plant-based sources like wheat, pea, and
soy. It can be used as a proxy for meat products because its nutritional
content is adjacent to that of meat. The increasing vegan population is raising
the demand of this products. Also, the rational behavior of non-vegan
population to avoid the cancer-risk of meat consumption and avoid animal
cruelty is driving the demand of these products. The rising threat on
environment (climate changes) and cattle (infections) associated with the
production of animal meat is surging the demand of textured vegetable proteins.
This product is gaining importance because of its high protein content which
can benefit different segments of the population viz. older population,
athletics, pregnant and lactating women. Its usage is extended even in bakery
and diary product. It is also used in schools, prisons and in preparation to
defend natural calamities and emergencies. There exists ease in production of
textured vegetable protein among food manufacturers. It can also be preserved
for a long time. Thus, need of healthy lifestyles, high protein-low fat diet,
increasing vegan population, environmental concerns and love for animal are the
driving force of the textured vegetable protein market.
The consumption
of textured vegetable protein derived from soy and wheat have adverse effects
on human body. Soy proteins have enormous Phytic acids that disturbs the
absorption of crucial minerals. It can sometimes lead to abdominal pain,
bloating, nausea, and diarrhea. Wheat protein can cause celiac diseases and
allergies. The scope of being allergic to textured vegetable protein can
adversely affect its market. Also, flavor deficiency in these products can lead
to lower consumption of these items.
The growing
health awareness among people is likely to boost up this market. Its consumer
base is increasing and is potential to increase too many folds in the years to
come. For example, research made by The Food Science and Health Database Organization
in 2018 show that 22 million citizens of UK have made a permanent choice of
consuming plant-based meat and converted themselves into flexitarians. Thus,
the choice of people to curb fat and carb consumption paves the way for this
market to grow. Also, research has been done that staple food is good for human
body. The spread of this knowledge can lead to increased consciousness among
consumers and hence enlarge market. The producer’s incentive to build high
yield production process at low cost is a good jumpstart. Innovation and
research and development to make the products tastier and increase the product
range is a great opportunity to enhance the market.
Segment Covered:
This market
intelligence report on the Textured Vegetable Protein market can be divided
based on product source, form, type, application, distributional channel, end
use and region.
By Source
§ Soy
§ Pea
§ Wheat
By Form
§ Wet
§ Dry
By Type
§ Granules
§ Flakes
§ Slices
§ chunks
By Application
§ Meat Alternative (meat extender and analogues)
§ Cereals and snacks
§ Other uses (ready meals, soups, and stews)
By Distribution Channel
§ Direct
§ Indirect (supermarket/hypermarket, speciality stores,
convenience stores, other retail sales)
By End Use
§ Industrial (Animal feed and pet food and food industry)
§ Commercial
§ Household
Region Division
§ Middle East and Africa
§ Asia Pacific excluding Japan
§ Japan
§ Eastern Europe
§ Western Europe
§ Latin America
§ North America
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Hung Yang Foods
§ La Troja
§ Crown Soya Protein Group
§ AGT Food and Ingredients
§ Puris Food
§ Wilmar International
§ The Scoular Company
§ VestKorn
§ ADM
§ CHS
§ DuPont
§ Roquette Freres
§ SunNutra Foods
Other players have
been profiled into detail to offer a glimpse of the market leaders. Moreover,
parameters such as Textured Vegetable Protein Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Textured Vegetable Protein Market, size
of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the
period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Textured Vegetable Protein Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as ADM, CHS, SunNutra Foods,
La Troja, Puris Food, VestKorn and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Textured Vegetable Protein caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Textured
Vegetable and protein Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons
to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Textured Vegetable Protein Market
v
Identification
of key factors driving investment opportunities in the Textured Vegetable
Protein Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants