North America Textured Vegetable Protein Market

North America 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

Report Id: KBV-11065 Publication Date: August-2022 Number of Pages: 90
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Market Report Description

The North America Textured Vegetable Protein Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).

Textured soy protein concentrates can also satisfy the various dietary requirements of aquaculture as an alternate source of protein in aqua feed. It has increased the consumption of textured soy protein in feed and has the potential to reduce stress on natural fisheries supplies. There is high demand for textured soy protein-containing organic food and beverage items, which has created opportunities for producers.

The consumption of textured vegetable proteins such as pea protein has several benefits. Pea protein is among the greatest substitute on the market today for plant-based proteins because of its benefits to health, functionality, and sustainability. A technique involving both dry and liquid phases is used to produce pea protein. The pea's outer shell, which is largely made up of insoluble fibers, is first removed mechanically during a dry process. Following milling, soluble fibres, carbohydrates, and proteins are found in the flour that is produced.

The number of vegans in the US and around the other nations in the region is continuously rising, whether they are doing it for the environment, health, or ethical reasons. The sheer number of people who have made the shift shows that it is more than just a craze. People's views on meat consumption and its impact on people, animals, and the environment are starting to shift. Vegan products are now more widely available than ever due to businesses in every industry. The demand for plant-based foods is rising as hundreds of new menu items appear each year.

The US market dominated the North America Textured Vegetable Protein Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $482.3 million by 2028. The Canada market is poised to grow at a CAGR of 8.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.4% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Textured Vegetable Protein Market is Estimated to reach $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:

By Application

  • Meat Alternatives
  • Cereals & Snacks
  • Other Applications

By Type

  • Slices
  • Flakes
  • Granules
  • Chunks

By Source

  • Soy
  • Wheat
  • Pea

By Form

  • Dry
  • Wet

By Nature

  • Conventional
  • Organic

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

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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