Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Textured Vegetable Protein Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Textured Vegetable Protein Market?
In recent years, the global market size for textured vegetable protein has been growing robustly. It is anticipated to expand from $1.91 billion in 2024 to $2.02 billion in 2025, projecting a compound annual growth rate (CAGR) of 6.2%.
What Is the Forecasted CAGR for the Textured Vegetable Protein Market by 2029?
The Textured Vegetable Protein Global Market is projected to reach a size of $23.18 billion in 2029, with a compound annual growth rate (CAGR) of 83.9%.
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What Are the Market Drivers in the Textured Vegetable Protein Industry?
The key drivers in the textured vegetable protein market are:
• Diverse product offerings in the textured vegetable protein market
• Emphasis on nutritional value, allergen-free and gluten-free attributes
• Culinary adaptability of textured vegetable protein
• Expanded market presence of textured vegetable protein products
What Is the Segment-Wise Breakdown of the Textured Vegetable Protein Market?
The textured vegetable proteinmarket covered in this report is segmented –
1) By Product Type: Textured Soy Protein, Textured Wheat Protein, Textured Pea Protein, Other Product Types
2) By Nature: Organic, Conventional
3) By Application: Food Products, Animal Nutrition/Pet Food
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Which Emerging Trends Are Driving Growth in the Textured Vegetable Protein Sector?
The key trends in the textured vegetable protein market are:
• Innovation in product offerings is steadily becoming a crucial trend.
• Health and wellness trends are having a strong influence on the market.
• Sustainability concerns are shaping the future of the market.
• The market is influenced by the evolution of technology in food processing and the clean label movement.
Which Companies Are Dominating the Textured Vegetable Protein Market in Terms of Revenue?
Major players in the textured vegetable protein market are:
• Archer Daniels Midland Company
• Cargill Incorporated
• Roquette Freres SA
• Shandong Yuxin Biotechnology Co. Ltd
• Axiom Foods Inc.
• Kansas Protein Foods LLC
• Foodchem International Corporation
• Dacsa Group
• Crown Soya Protein Group
• Wilmar International Ltd
• Fuji Oil Co. Ltd
• Vestkron A/S
• Ingredion Inc
• Tereos Syral
• Agridient B.V.
• Beneo GmbH
• CerealVeneta S.r.l.
• CHS Inc.
• Cosucra Groupe Warcoing SA
• Devansoy Inc.
• Emsland Group
• Gushen Biological Technology Group Co. Ltd.
• Kerry Group PLC
• MGP Ingredients Inc.
• Nutri Pea Ltd.
• Puris Proteins LLC
What Are the Regions Driving Demand in the Textured Vegetable Protein Market?
North America was the largest region in the textured vegetable protein market in 2024
