The Asia Pacific Textured Vegetable Protein Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
When seasoning, spices, or herbs are added, textured vegetable protein (TVP), can be utilized as a meat alternative. Since plant-based meals typically contain less protein than foods derived from animals, it is especially beneficial for people who don't eat meat. For those who do consume meat, the product may also be utilized as a meat extender.
Textured soy protein has very little fat and a lot of protein and fiber. It can be purchased in the form of dried chunks, flakes, slices, granules, or powder, however, it must first be moistened before usage. Although the product itself has a moderate flavor, it rapidly takes on the flavor of the liquid in which it is cooked or steeped. It works nicely in a variety of dishes that ordinarily feature ground beef or bits of meat, including lasagna, chili, veggie burgers, tacos, and "meat" pies.’
The COVID-19 pandemic's increased health consciousness has highlighted the negative health effects of animal proteins and increased consumer demand for plant-based protein products. Also, the prevalence of ailments such as the bird flu is giving India's plant-based protein business an additional boost. The expansion of the textured vegetable protein market in India has been further aided by the country's stable economic situation & changing lifestyle of the populace, which have raised the nutrition and health sectors to the fore.
The China market dominated the Asia Pacific Textured Vegetable Protein Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $165.4 million by 2028. The Japan market is estimated to grow a CAGR of 6.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Textured Vegetable Protein Market is Projected to reach USD 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
By Form
By Nature
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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.
TABLE 1 Asia Pacific Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Textured Vegetable Protein Market
TABLE 4 Product Launches And Product Expansions– Textured Vegetable Protein Market
TABLE 5 Acquisition and Mergers– Textured Vegetable Protein Market
TABLE 6 geographical expansions– Textured Vegetable Protein Market
TABLE 7 Asia Pacific Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Meat Alternatives Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Meat Alternatives Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Cereals & Snacks Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Cereals & Snacks Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Other Applications Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Other Applications Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Slices Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Slices Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Flakes Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Flakes Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Granules Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Granules Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Chunks Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Chunks Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Soy Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Soy Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Wheat Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Wheat Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Pea Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Pea Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Dry Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Dry Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Wet Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Wet Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Organic Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Organic Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Textured Vegetable Protein Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Textured Vegetable Protein Market by Country, 2022 - 2028, USD Million
TABLE 47 China Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 48 China Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 49 China Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 50 China Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 51 China Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 52 China Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 53 China Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 54 China Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 55 China Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 56 China Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 57 China Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 58 China Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 59 Japan Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 60 Japan Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 61 Japan Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 62 Japan Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 63 Japan Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 64 Japan Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 65 Japan Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 66 Japan Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 67 Japan Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 68 Japan Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 69 Japan Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 70 Japan Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 71 India Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 72 India Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 73 India Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 74 India Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 75 India Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 76 India Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 77 India Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 78 India Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 79 India Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 80 India Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 81 India Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 82 India Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 83 South Korea Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 84 South Korea Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 85 South Korea Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 86 South Korea Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 87 South Korea Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 88 South Korea Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 89 South Korea Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 90 South Korea Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 91 South Korea Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 92 South Korea Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 93 South Korea Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 94 South Korea Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 95 Singapore Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 96 Singapore Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 97 Singapore Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 98 Singapore Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 99 Singapore Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 100 Singapore Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 101 Singapore Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 102 Singapore Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 103 Singapore Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 104 Singapore Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 105 Singapore Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 106 Singapore Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 107 Malaysia Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 108 Malaysia Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 109 Malaysia Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 110 Malaysia Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 111 Malaysia Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 112 Malaysia Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 113 Malaysia Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 114 Malaysia Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 115 Malaysia Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 116 Malaysia Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 117 Malaysia Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 118 Malaysia Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Textured Vegetable Protein Market, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Textured Vegetable Protein Market, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Textured Vegetable Protein Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Textured Vegetable Protein Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Textured Vegetable Protein Market by Type, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Textured Vegetable Protein Market by Type, 2022 - 2028, USD Million
TABLE 125 Rest of Asia Pacific Textured Vegetable Protein Market by Source, 2018 - 2021, USD Million
TABLE 126 Rest of Asia Pacific Textured Vegetable Protein Market by Source, 2022 - 2028, USD Million
TABLE 127 Rest of Asia Pacific Textured Vegetable Protein Market by Form, 2018 - 2021, USD Million
TABLE 128 Rest of Asia Pacific Textured Vegetable Protein Market by Form, 2022 - 2028, USD Million
TABLE 129 Rest of Asia Pacific Textured Vegetable Protein Market by Nature, 2018 - 2021, USD Million
TABLE 130 Rest of Asia Pacific Textured Vegetable Protein Market by Nature, 2022 - 2028, USD Million
TABLE 131 Key Information – Koninklijke DSM N.V.
TABLE 132 key Information – Archer Daniels Midland Company
TABLE 133 Key Information – Ingredion, Incorporated
TABLE 134 Key Information – BENEO GmbH
TABLE 135 Key Information – Cargill Corporation
TABLE 136 key Information – Roquette Freres SA
TABLE 137 Key Information – The Scoular Company
TABLE 138 key information – Axiom Foods, Inc.
TABLE 139 Key Information – Kansas Protein Foods LLC
TABLE 140 Key information – Foodchem International Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Koninklijke DSM N.V.
FIG 5 Recent strategies and developments: Archer Daniels Midland Company
FIG 6 Recent strategies and developments: Ingredion, Incorporated
FIG 7 Recent strategies and developments: Cargill Corporation
FIG 8 Recent strategies and developments: Roquette Frères SA