Home > Food & Beverages > Proteins > Plant-Based Proteins > Textured Vegetable Protein Market

Textured Vegetable Protein Market Share

Report ID: GMI7512
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Textured Vegetable Protein Market Share

Some of the major companies operating in the textured vegetable protein industry are:

ADM
Dupont
Ingredion
Roquette Frères
Cargill

These companies focus on strategic partnerships, new Product Type launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative Product Types and garner maximum revenue in the market.

Archer Daniels Midland Company (ADM) is a global food processing and commodities trading corporation with a significant presence in the textured vegetable protein (TVP) market. ADM is involved in the production and distribution of plant-based ingredients, including a diverse range of textured vegetable proteins. Leveraging its extensive supply chain and commitment to sustainable practices, ADM plays a crucial role in meeting the rising demand for plant-based protein alternatives, contributing to the growth and innovation within the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of textured vegetable protein reached USD 1.39 billion in 2022 and is set to cross USD 2.38 billion by 2032, attributed to the increasing consumer preference for alternatives to animal-based proteins.

The textured soy protein (TSP) segment accounted for USD 1 billion in revenue in 2022, due to the well-established infrastructure for soy production.

North America market generated USD 481.9 million in revenue in 2022, driven by the increasing awareness of the environmental impact of meat consumption.

Some of the leading textured vegetable protein companies are ADM, Dupont, Ingredion, Roquette Frères, and Cargill.