Europe Textured Vegetable Protein Market Size, Share & Industry Trends Analysis Report By Application, By Type (Slices, Flakes, Granules, and Chunks), By Source (Soy, Wheat, and Pea), By Form (Dry and Wet), By Nature, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Textured Vegetable Protein Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
There is potential for product innovation in the textured vegetable protein market, which is predicted to drive sales of the protein. This market is progressively growing both locally and internationally. The majority of food sector products are produced using commodity crops and conventional agricultural practices, such as soy farming. Health supplements, particularly protein supplements, have long included ingredients made from animal milk, eggs, and other byproducts.
Numerous businesses have produced health supplements based on vegetable proteins that now appeal to a wider customer base due to the preference for vegetable proteins. The marketing for the supplements made from vegetable protein has emphasized the advantages of a purer form of protein and their cruelty-free status while yet providing comparable or superior outcomes to their whey protein rivals.
The market for textured vegetable protein in Europe region especially Germany is becoming more competitive as a result of the numerous producers of textured vegetable protein marketing their goods and striving to connect with the mindset of today's value-driven consumers. Additionally, the variety of resources from which textured soy protein may be generated gives players more room to invest in the different applications that plant-based proteins can be employed in. The industry has also been successful in producing more attractive meat substitutes that are made from rehydrated textured soy protein or other TVPs, either by themselves or in combination with wheat gluten.
The Germany market dominated the Europe Textured Vegetable Protein Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $130.3 million by 2028. The UK market is anticipated to grow a CAGR of 5.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.8% during (2022 - 2028).
Based on Application, the market is segmented into Meat Alternatives, Cereals & Snacks, and Other Applications. Based on Type, the market is segmented into Slices, Flakes, Granules, and Chunks. Based on Source, the market is segmented into Soy, Wheat, and Pea. Based on Form, the market is segmented into Dry and Wet. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Textured Vegetable Protein Market will Hit $2 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill Corporation, Archer Daniels Midland Company, Kansas Protein Foods, Ingredion, Incorporated, Koninklijke DSM N.V., Roquette Frères SA, The Scoular Company, Foodchem International Corporation, BENEO GmbH (Südzucker AG), and Axiom Foods, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Meat Alternatives
- Cereals & Snacks
- Other Applications
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Cargill Corporation
- Archer Daniels Midland Company
- Kansas Protein Foods
- Ingredion, Incorporated
- Koninklijke DSM N.V.
- Roquette Frères SA
- The Scoular Company
- Foodchem International Corporation
- BENEO GmbH (Südzucker AG)
- Axiom Foods, Inc.
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