Textured Vegetable Protein Market is expected to reach US$ 2.93 Billion by 2031

Rising Demand for Plant-Based Meat Products Propels Textured Vegetable Protein Market Growth

According to the latest market study on “Textured Vegetable Protein Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Source, Product Type, Category, and Application,” the market was valued at US$ 1.93 billion in 2024 and is projected to reach US$ 2.93 billion by 2031; it is anticipated to record a CAGR of 6.1% from 2024 to 2031. The report highlights key factors contributing to the growing textured vegetable protein market size and prominent players along with their developments in the market.

Textured vegetable protein (TVP) is a meat substitute made from defatted soy flour, which is processed into various forms resembling the texture of meat. It is often used in vegetarian and vegan diets as a protein-rich alternative to meat due to its versatility and ability to absorb flavors. The demand for TVP has risen in recent years as more people adopt plant-based diets, driven by concerns about health, sustainability, and animal welfare. TVP is not only cost-effective but also offers a high protein content and is environmentally friendly compared to traditional animal-based proteins, making it a popular choice among consumers seeking alternative protein sources.

Textured Vegetable Protein Market Breakdown – by Region

Manufacturers offer textured vegetable protein to the food and beverages industry for the production of meat substitutes, ready-to-eat products, and gluten-free and allergen-free alternatives. Textured vegetable protein mimics the texture of ground meat, making it ideal for vegetarian and vegan products, such as plant-based burgers, meatballs, sausages, and nuggets. It is used in frozen meals, soups, and stews. Pea-based textured vegetable protein offers a gluten-free alternative for consumers with allergies or dietary restrictions related to wheat or soy. The popularity of textured vegetable protein has increased in the last few years owing to changing lifestyles and rising demand for healthy products. The rising demand for plant-based meat products and the growth of the animal nutrition industry are a few factors fostering the textured vegetable protein market growth.  

Over the past few years, awareness regarding environmental sustainability has increased significantly due to the adverse impact of climate change on the Earth's natural ecosystems. Global population growth and urbanization are the primary causes of natural resource depletion, further contributing to global warming. Due to the rising global population, the demand for food is also increasing. People are heavily reliant on animal sources to meet their nutritional requirements, which leads to increased output from the livestock industry. Further, the livestock industry is one of the key contributors to anthropogenic greenhouse gas emissions. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the worldwide livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of all human-caused greenhouse gas emissions. Livestock production emits more carbon dioxide than the whole transportation industry combined. Due to the rising awareness regarding the negative impacts of the meat and livestock industry on the environment, consumers are rapidly switching to plant-based food products. The rising demand for plant-based meat products boosts the growth of the textured vegetable protein market.

The demand for textured vegetable protein in animal nutrition is growing rapidly owing to their cost-effectiveness and high protein content, as well as sustainable production compared to traditional protein sources such as fishmeal and animal by-products. Textured vegetable protein, derived from soy, wheat, peas, lentils, and other plant proteins, is widely used in feed formulations for livestock, poultry, aquaculture, and pet food. The ability of textured vegetable protein to mimic the amino acid profile of animal proteins makes them a valuable ingredient for supporting the development and overall health of animals. It is also free from the risk of zoonotic infection and contaminants associated with animal-derived feed ingredients. As per the United Soybean Board, global beef production is expected to reach 84 million metric tons by 2032. The textured vegetable protein market trends include the growth of the animal nutrition industry.

The textured vegetable protein market analysis is carried out by identifying and evaluating key players operating in the market across different regions. Archer-Daniels-Midland Co, Cargill Inc, Ingredion Inc, Roquette Freres SA, International Flavors & Fragrances Inc, MGP Ingredients Inc, Puris, DSM-Firmenich AG, Axiom Foods Inc, and Foodchem International Corp are among the key players operating in the textured vegetable protein market.

Textured Vegetable Protein Market Report Segmentation:

The textured vegetable protein market is segmented on the basis of source, product type, category, and application. Based on source, the market is categorized into soy, pea, and others. The soy segment held the largest textured vegetable protein market share in 2024. Textured soybean protein is a high-quality, plant-based protein derived from soybeans, widely recognized for its nutritional and functional benefits. It contains all essential amino acids, making textured soybean protein suitable for muscle building and repair.

Based on product type, the market is segmented into flakes, chunks, and others. The flakes segment held the largest market share in 2024. Flake textured protein refers to a processed form of plant-based or animal-derived protein, typically shaped into thin, flat pieces. A few of the common sources are soy, pea, or whey protein. These flakes are often used in food manufacturing to enhance nutritional content and texture. The growing industrial applications further boost the textured vegetable protein market.

Based on category, the market is divided into organic and conventional. The conventional segment held a significant textured vegetable protein market share in 2024. Conventional textured vegetable protein is a plant-based protein product derived from soy, wheat, or pea processed through extrusion to create a fibrous, meat-like texture. It is widely used as a cost-effective and versatile meat substitute in products such as burgers, sausages, tacos, and pasta sauces. Rich in protein and essential amino acids, conventional TVP is low in fat and cholesterol-free and suitable for vegetarian and vegan diets.

Based on application, the market is bifurcated into food & beverages (meat and meat alternatives, sweet & savory snacks, bakery & confectionery, and others) and animal nutrition. In 2024, the food & beverages segment held a larger share of the textured vegetable protein market. Textured vegetable protein is used across a variety of food products owing to its high protein content, low cost, and ability to mimic the texture of meat. It is high in protein, low in fat, and cholesterol-free, making it ideal for health-conscious consumers. It is a more affordable protein source compared to meat. Also, textured vegetable protein has a low environmental impact compared to animal agriculture. It is easily adaptable to various flavors and cuisines.

The textured vegetable protein market report scope is broadly segmented into North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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