Textured Vegetable Protein Market Size, Share, Drivers, Opportunities, and Leading Players
The textured vegetable protein market size is expected to grow from USD 1.7 billion in 2024 to USD 2.3 billion by 2029, representing a compound annual growth rate (CAGR) of 6.8% over the forecast period. This growth is fueled by increasing health, environmental, and ethical demands for plant-based diets, greater awareness of the nutritional benefits of vegetable proteins, a shift toward clean eating...
Textured Vegetable Protein Market Trends, Growth Drivers, and Opportunities
The global textured vegetable protein market is estimated at USD 1.4 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 6.9% from 2022 to 2027. A considerable percentage of the population in western countries has shifted toward a diet with reduced meat consumption, demanding healthy and tasteful meat-free food products. Due to changes in consumption patterns among consumers,...
Growing Adaption of Meat Alternatives among Consumers led to Increased Demand for Textured Vegetable Protein
The Textured Vegetable Protein Market is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The growing demand for meat alternatives, as well as the increase in health awareness among consumers, are propelling the demand for textured vegetable protein.
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With the advancement...