テクスチャード植物性タンパク質市場 – 2029年までの世界予測

Textured Vegetable Protein Market - Global Forecast to 2029

テクスチャード植物性タンパク質市場 - タイプ (スライス、チャンク、フレーク、顆粒)、用途 (肉代替品、シリアル & スナック)、性質 (オーガニックおよび従来型)、および地域別 - 2029年までの世界予測
Textured Vegetable Protein Market Report, by Type (Slices, Chunks, Flakes, and Granules), Application (Meat Alternatives, Cereals & Snacks), Nature (Organic and Conventional) and Region - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数250
図表数356
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global textured vegetable protein market is estimated at USD 1.7 billion in 2024 and is projected to reach USD 2.3 billion by 2029, at a CAGR of 6.8% during the forecast period.

世界のテクスチャー植物性タンパク質市場は、2024 年に 17 億米ドルと推定され、予測期間中に 6.8% の CAGR で、2029 年までに 23 億米ドルに達すると予測されています。

テクスチャード植物性タンパク質市場 - 2029年までの世界予測
Textured Vegetable Protein Market/chosareport.com

The textured vegetable protein market is growing due to emerging consumer demand that helps drive sales of plant-based diets for health, environmental, and ethical reasons. TVP finds extensive application as a meat substitute or extender in such a wide area of foodstuffs, produced from sources like soy, wheat, and peas through its high value of meatiltro and meat research and development capacity. New developments in extrusion technology, precise fermentation, and clean label ingredients are constantly innovating the market and raising product quality and appeal. North America represents the largest market share on the back of a mature food processing industry and high interest from customers.

“Rising consumer demand for plant-based diets to drive the textured vegetable protein market globally”

The people have become more aware of the fact that consumption of less meat has extremely long health benefits associated with a lowered risk of chronic diseases and improved health in general, hence adopting plant-based proteins in their diets. Moreover, people are more concerned about animal welfare and the harm caused to the environment by meat production; hence, they seek foods that are sustainable and cruelty-free. This trend in consumer preference has contributed to the growing demand for textured vegetable proteins for varied and healthy meat analogue applications.

テクスチャード植物性タンパク質市場 - 2029年までの世界予測 ecosystem
Textured Vegetable Protein Market Ecosystem/chosareport.com

“In 2023, flakes constituted significant share within the type segment of the textured vegetable protein market. “

Their popularity is attributed to the relatively versatile and easily usable ways they come in for a variety of food applications. Flakes are generally included in products like cereals, snacks, and baked items to provide them with enriched nutritional value and texture. Their desirous properties of flavor penetration and textural diversity make them highly accepted in the development of meat analogs, soups, and stews. Growth in consumer interest in plant-based and high-protein foods will enhance the utilization of these flakes in the textured vegetable protein industry’s market share and product application because of its wide functionality.

“Within the  application segment, cerals and snacks segment will grow at highest rate.”

In terms of application, cereals and snacks are likely to show the fastest growth rate in the textured vegetable protein market. This may continue on account of the increasing consumer demand for healthier high-protein snack options and fortified breakfast food products. There is increased integration of textured vegetable proteins into cereals and snacks to increase their nutritional makeup by behaving like a plant-based protein booster, which has tremendous appeal among health-conscious consumers. Moreover, due to their diversity, the uses of textured vegetable proteins are very handy for a host of new snack products, from protein bars to savory bites, in a trend toward foods that are convenient, nutritious, and sustainable. This trend is most probably going to help boost high growth in the cereals and snacks segment for the textured vegetable protein market.

“The textured vegetable protein market in Europe is projected to grow at consistent rate during the forecast period.”

The European textured vegetable protein market is expected to grow steadily during the forecast period, driven by some factors. Firstly, rising awareness about health and environmental benefits associated with plant-based diets is shifting consumer demand towards meat alternative products. Moreover, European consumers are highly conscious about health, and there is a rising demand for low-fat and high-protein foodstuffs. Governmental policies and initiatives are also taken to encourage sustainable agriculture and food production. Moreover, the progress of innovation in the food industry does not stand still in Europe, where new products are developed continuously, and new products based on textured vegetable protein enter the market therein. All these factors, coupled with strong retail infrastructure and rapidly growing consumer interest in plant-based foods, propel steady growth of the textured vegetable protein market in this region.

The Break-up of Primaries:

  • By Company Type: Tire 1- 35%, Tire 2- 40%, Tire 3- 25%
  • By Designation: CXOs – 30%, Managers – 50%, Executives – 20%
  • By Region: North America – 25%, Europe – 25%, Asia Pacific – 30%, South America – 10%, RoW – 10%
テクスチャード植物性タンパク質市場 - 2029年までの世界予測 region
Asia Pacific: Textured Vegetable Protein Market Snapshot /chosareport.com

Key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DSM (Netherlands), The Scoular Company (US), Beneo (Germany), International Flavors & Fragrances, Inc. (US), Cargill, Incorporated (US), MGP (US), PURIS (US), Shandong Yuxin Bio-Tech Co., Ltd. (China), Gushen Biological Technology Group, Co., Ltd. (China), Axiom Foods, Inc. (US), Foodchem International Corporation (China), and Dacsa Group (Spain).

Research Coverage:

The report segments the textured vegetable protein market based on type, source, nature, application, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the textured vegetable protein market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the textured vegetable protein market. Competitive analysis of upcoming startups in the textured vegetable protein market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall textured vegetable protein market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:

  • Analysis of key drivers (growing adoption of meat alternatives among consumers, increase in health cognizance among consumers, innovations and developments augmenting vegan trend, and growth in investments and collaborations in plant-sourced food business) restraints (allergies associated with vegetable protein sources and processing complexities) opportunities ( economical solutions using plant-based ingredients and developments in extraction of textured vegetable protein from new source) and challenges (stringent government regulations and safety concerns due to inclusion of GM ingredients and unpleasant flavor of soy).
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the textured vegetable protein market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the textured vegetable protein market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the textured vegetable protein market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like ADM (US), Roquette Frères (France), Ingredion (US), DSM (Netherlands), The Scoular Company (US), Beneo (Germany), International Flavors & Fragrances, Inc. (US), Cargill, Incorporated (US), MGP (US), PURIS (US), Shandong Yuxin Bio-Tech Co., Ltd. (China), Gushen Biological Technology Group, Co., Ltd. (China), Axiom Foods, Inc. (US), Foodchem International Corporation (China), and Dacsa Group (Spain) in the textured vegetable protein market.

Textured Vegetable Protein Market Report, by Type (Slices, Chunks, Flakes, and Granules), Application (Meat Alternatives, Cereals & Snacks), Nature (Organic and Conventional) and Region – Global Forecast to 2029

テクスチャード植物性タンパク質市場 – タイプ (スライス、チャンク、フレーク、顆粒)、用途 (肉代替品、シリアル & スナック)、性質 (オーガニックおよび従来型)、および地域別 – 2029年までの世界予測

Table of Contents

1            INTRODUCTION            27

1.1         STUDY OBJECTIVES      27

1.1.1      MARKET DEFINITION   27

1.2         STUDY SCOPE  28

1.2.1      INCLUSIONS & EXCLUSIONS     28

1.3         YEARS CONSIDERED     29

1.4         UNIT CONSIDERED       29

1.4.1      CURRENCY/VALUE UNIT           29

1.5         STAKEHOLDERS            30

1.6         SUMMARY OF CHANGES            31

2            RESEARCH METHODOLOGY     32

2.1         RESEARCH DATA           32

2.1.1      SECONDARY DATA       32

2.1.1.1   Key data from secondary sources     33

2.1.2      PRIMARY DATA 33

2.1.2.1   Key data from primary sources         34

2.1.2.2   Key insights from industry experts   35

2.1.2.3   Breakdown of primary profiles         35

2.2         MARKET SIZE ESTIMATION       36

2.2.1      BOTTOM-UP APPROACH           36

2.2.2      TOP-DOWN APPROACH             37

2.2.2.1   Approach to estimate market size using top-down analysis         38

2.3         DATA TRIANGULATION             40

2.4         RESEARCH ASSUMPTIONS         41

2.5         RESEARCH LIMITATIONS           41

3            EXECUTIVE SUMMARY 42

4            PREMIUM INSIGHTS      46

4.1         ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN TEXTURED VEGETABLE MARKET   46

4.2         NORTH AMERICAN TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE AND COUNTRY            47

4.3         TEXTURED VEGETABLE PROTEIN MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS           47

4.4         TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE AND REGION              48

4.5         TEXTURED VEGETABLE PROTEIN MARKET,  BY APPLICATION AND REGION             49

4.6         TEXTURED VEGETABLE PROTEIN MARKET,  BY NATURE AND REGION             50

4.7         TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE AND REGION              51

5            MARKET OVERVIEW     52

5.1         INTRODUCTION            52

5.2         MACROECONOMIC INDICATORS           52

5.2.1      INCREASING POPULATION       52

5.2.2      GROWING HEALTH TRENDS     53

5.3         MARKET DYNAMICS     54

5.3.1      DRIVERS            55

5.3.1.1   Growing demand for meat alternatives          55

5.3.1.2   Innovation and technological advancements  56

5.3.1.3   Growth in investments and collaborations in plant-sourced food business 57

5.3.2      RESTRAINTS     57

5.3.2.1   Allergies associated with vegetable protein sources      57

5.3.2.2   Processing complexities     58

5.3.3      OPPORTUNITIES           58

5.3.3.1   Economical solutions using plant-based ingredients     58

5.3.3.2   Shift from traditional extraction sources of textured vegetable protein to new sources  59

5.3.4      CHALLENGES   60

5.3.4.1   Stringent government regulations    60

5.3.4.2   High cost of production     60

5.4         IMPACT OF GENERATIVE AI/AI ON TEXTURED VEGETABLE PROTEIN MARKET            61

6            INDUSTRY TRENDS       62

6.1         INTRODUCTION            62

6.2         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       62

6.3         PRICING ANALYSIS        63

6.3.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE              63

6.3.2      AVERAGE SELLING PRICE TREND OF SOURCES, BY REGION       65

6.4         VALUE CHAIN ANALYSIS            67

6.4.1      RESEARCH & DEVELOPMENT   68

6.4.2      RAW MATERIAL SOURCING       68

6.4.3      PRODUCTION & PROCESSING  68

6.4.4      PACKAGING & LABELLING        68

6.4.5      DISTRIBUTION 69

6.4.6      MARKETING & SALES    69

6.5         ECOSYSTEM     69

6.5.1      DEMAND SIDE  69

6.5.2      SUPPLY SIDE    69

6.6         TECHNOLOGY ANALYSIS           71

6.6.1      KEY TECHNOLOGIES    71

6.6.1.1   Extrusion technology         71

6.6.1.2   3D printing          72

6.6.2      COMPLEMENTARY TECHNOLOGIES     72

6.6.2.1   Pulse protein processing    72

6.6.3      ADJACENT TECHNOLOGIES      72

6.6.3.1   Nutrient fortification and biofortification      72

6.7         PATENT ANALYSIS        73

6.8         TRADE ANALYSIS          75

6.8.1      EXPORT SCENARIO OF HS CODE 210610             75

6.8.2      IMPORT SCENARIO OF HS CODE 210610             76

6.9         KEY CONFERENCES AND EVENTS, 2024–2025     77

6.10       REGULATORY LANDSCAPE       78

6.10.1    REGULATIONS, BY REGION       79

6.10.1.1 North America     79

6.10.1.2 Europe  81

6.10.1.3 Asia Pacific          83

6.10.1.4 Rest of the World 84

6.11       PORTER’S FIVE FORCES ANALYSIS         84

6.11.1    INTENSITY OF COMPETITIVE RIVALRY 85

6.11.2    BARGAINING POWER OF SUPPLIERS     86

6.11.3    BARGAINING POWER OF BUYERS           86

6.11.4    THREAT OF SUBSTITUTES         86

6.11.5    THREAT OF NEW ENTRANTS    86

6.12       KEY STAKEHOLDERS AND BUYING CRITERIA    86

6.12.1    KEY STAKEHOLDERS IN BUYING PROCESS         86

6.12.2    BUYING CRITERIA         87

6.13       INVESTMENT AND FUNDING SCENARIO            89

6.14       CASE STUDY ANALYSIS 89

6.14.1    PLANT-BASED MEAT BRAND ENHANCED PLANT-BASED MEAT WITH RESPONSE 4380 IP SOY PROTEIN            89

6.14.2    NORTH QUEENSLAND DEVELOPED VIABLE PLANT-BASED PROTEIN PROCESSING HUB         90

6.14.3    IMPACT OF STORAGE TEMPERATURE ON QUALITY CHARACTERISTICS OF TEXTURIZED VEGETABLE PROTEIN (TVP)         90

7            TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE    91

7.1         INTRODUCTION            92

7.2         SLICES 93

7.2.1      CHANGING LIFESTYLE AND INCREASING HEALTH AWARENESS TO DRIVE DEMAND FOR TEXTURED VEGETABLE PROTEIN SLICES AS HEALTHY MEAT SUBSTITUTE       93

7.3         FLAKES 94

7.3.1      HIGH PROTEIN AND LOW FATS IN TEXTURED VEGETABLE PROTEIN FLAKES TO BOOST MARKET GROWTH 94

7.4         CHUNKS            95

7.4.1      CUSTOMIZABLE FLAVOR OPTIONS TO ADD TO POPULARITY OF TEXTURED VEGETABLE PROTEIN CHUNKS       95

7.5         GRANULES        96

7.5.1      USE OF GRANULES AS MEAT EXTENDERS AND EASY STORING OPTIONS TO PROPEL MARKET 96

8            TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE             98

8.1         INTRODUCTION            99

8.2         SOY       100

8.2.1      HIGH SHELF-LIFE AND LOW CALORIES IN SOYMEAL PRODUCTS TO FOSTER MARKET GROWTH       100

8.3         PEA       102

8.3.1      USE OF TEXTURED PEA PROTEIN IN DIFFERENT PRODUCTS DUE TO ITS HIGH PROTEIN CONTENT TO BOOST MARKET GROWTH   102

8.4         WHEAT 104

8.4.1      EXCELLENT BINDING CHARACTERISTICS OF WHEAT TO INCREASE ITS USAGE IN ALTERNATIVE MEAT PRODUCTS      104

9            TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION  106

9.1         INTRODUCTION            107

9.2         MEAT ALTERNATIVES  108

9.2.1      INCREASING USE OF MEAT ALTERNATIVES IN VARIOUS FOOD APPLICATIONS DRIVING MARKET FOR TEXTURED VEGETABLE PROTEIN              108

9.2.2      MEAT EXTENDERS        109

9.2.2.1   Growing use of meat extenders as economical substitute for traditional meat-textured vegetable protein to propel market   109

9.2.3      MEAT ANALOGUES       110

9.2.3.1   Awareness about functional health benefits of meat analogues to progress market growth   110

9.3         CEREALS & SNACKS       110

9.3.1      HEALTHY SNACKING HABITS TO DRIVE PARADIGM SHIFT IN CONSUMER BEHAVIOR FOR TEXTURED PROTEINS        110

9.4         OTHER APPLICATIONS 112

10          TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE            114

10.1       INTRODUCTION            115

10.2       ORGANIC          116

10.2.1    AVAILABILITY OF LOW-COST ORGANIC PROTEIN TO INCREASE DEMAND FOR ORGANIC TEXTURED VEGETABLE PROTEIN       116

10.3       CONVENTIONAL           117

10.3.1    GROWTH OF CONVENTIONAL FARMING DUE TO LOW POPULARITY OF ORGANIC FARMING TO FOSTER MARKET GROWTH 117

11          TEXTURED VEGETABLE PROTEIN MARKET, BY REGION             118

11.1       INTRODUCTION            119

11.2       NORTH AMERICA          120

11.2.1    US         125

11.2.1.1 Need to enhance product variety, increase production capacity, and meet rising consumer demand for innovative plant-based options to propel market    125

11.2.2    CANADA            127

11.2.2.1 Increasing awareness about functional health benefits of healthier diet and abundant pulse and crop production to bolster market growth   127

11.2.3    MEXICO             128

11.2.3.1 Changing consumer preferences toward vegan products and dependency on US and Canadian manufacturers to foster market growth  128

11.3       EUROPE             130

11.3.1    INTRODUCTION            130

11.3.2    GERMANY         134

11.3.2.1 Changing lifestyle and consumption patterns, growing concerns over sustainability, and increasing vegan population to foster market growth           134

11.3.3    UK         136

11.3.3.1 Increasing government investments in plant-based protein to fuel demand for textured vegetable proteins 136

11.3.4    FRANCE             137

11.3.4.1 Collaboration between different stakeholders in plant-based protein industry and rising demand for meat alternatives to drive market     137

11.3.5    ITALY   139

11.3.5.1 Shifting opinion on meat consumption toward sustainable alternatives to boost demand for textured vegetable proteins         139

11.3.6    SPAIN   140

11.3.6.1 Rapidly increasing popularity and demand for meat alternatives due to growing inclination toward nutritious food to drive market        140

11.3.7    REST OF EUROPE           141

11.4       ASIA PACIFIC    143

11.4.1    INTRODUCTION            143

11.4.2    CHINA  147

11.4.2.1 Higher production capabilities, availability of raw materials, government initiatives, and cheap labor to augment market growth 147

11.4.3    INDIA   149

11.4.3.1 Influence of Western culture to fuel vegan trends and result in increased demand for textured vegetable protein          149

11.4.4    JAPAN  150

11.4.4.1 Rise in awareness surrounding meat processing and health concerns to propel market   150

11.4.5    AUSTRALIA AND NEW ZEALAND            152

11.4.5.1 Consumer preferences, environmental concerns, and sustainability to accelerate market growth     152

11.4.6    REST OF ASIA PACIFIC  153

11.5       SOUTH AMERICA           155

11.5.1    BRAZIL 158

11.5.1.1 Rising veganism trend, evolving consumption patterns, and increasing awareness of health and environmental issues to trigger market growth      158

11.5.2    ARGENTINA      160

11.5.2.1 Rising funding and growing environmental, nutritional, and animal welfare concerns in plant-based protein industry to fuel market growth 160

11.5.3    REST OF SOUTH AMERICA         161

11.6       REST OF THE WORLD (ROW)    162

11.6.1    INTRODUCTION            162

11.6.2    MIDDLE EAST  166

11.6.2.1 Need for plant-based protein and presence of global players to drive market              166

11.6.3    AFRICA 168

11.6.3.1 Growing awareness and adoption of plant-based protein to boost market for textured vegetable protein 168

12          COMPETITIVE LANDSCAPE       170

12.1       OVERVIEW        170

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          170

12.3       REVENUE ANALYSIS      172

12.4       MARKET SHARE ANALYSIS         173

12.4.1    MARKET RANKING ANALYSIS   174

12.4.2    INTERNATIONAL FLAVORS & FRAGRANCES, INC. (US)  175

12.4.3    ADM (US)          175

12.4.4    ROQUETTE FRÈRES (FRANCE)  175

12.4.5    INGREDION (US)            176

12.4.6    CARGILL, INCORPORATED (US)             176

12.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   176

12.5.1    STARS  176

12.5.2    EMERGING LEADERS    176

12.5.3    PERVASIVE PLAYERS     176

12.5.4    PARTICIPANTS 176

12.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      178

12.5.5.1 Company footprint            178

12.5.5.2 Source footprint   178

12.5.5.3 Type footprint     179

12.5.5.4 Nature footprint  180

12.5.5.5 Application footprint         180

12.5.5.6 Regional footprint              181

12.6       COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023         182

12.6.1    PROGRESSIVE COMPANIES       182

12.6.2    RESPONSIVE COMPANIES          182

12.6.3    DYNAMIC COMPANIES 182

12.6.4    STARTING BLOCKS       182

12.6.5    COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023           183

12.6.5.1 Key start-ups/SMEs          183

12.6.5.2 Competitive benchmarking of key start-ups/SMEs      184

12.7       COMPANY VALUATION AND FINANCIAL METRICS        185

12.8       BRAND/PRODUCT COMPARISON          186

12.9       COMPETITIVE SCENARIO AND TRENDS             187

12.9.1    PRODUCT LAUNCHES  187

12.9.2    DEALS  188

12.9.3    EXPANSIONS    189

13          COMPANY PROFILES    192

13.1       KEY PLAYERS   192

13.1.1    ADM     192

13.1.1.1 Business overview 192

13.1.1.2 Product/Solutions/Services offered 193

13.1.1.3 Recent developments         194

13.1.1.4 MnM view           195

13.1.1.4.1            Right to win         195

13.1.1.4.2            Strategic choices made       195

13.1.1.4.3            Weaknesses and competitive threats 195

13.1.2    CARGILL, INCORPORATED        196

13.1.2.1 Business overview 196

13.1.2.2 Products/Solutions/Services offered 197

13.1.2.3 Recent developments         197

13.1.2.4 MnM view           198

13.1.2.4.1            Right to win         198

13.1.2.4.2            Strategic choices made       198

13.1.2.4.3            Weaknesses and competitive threats 198

13.1.3    ROQUETTE FRÈRES      199

13.1.3.1 Business overview 199

13.1.3.2 Products/Solutions/Services offered 199

13.1.3.3 Recent developments         200

13.1.3.4 MnM view           201

13.1.3.4.1            Right to win         201

13.1.3.4.2            Strategic choices made       201

13.1.3.4.3            Weaknesses and competitive threats 201

13.1.4    INTERNATIONAL FLAVORS & FRAGRANCES INC.            202

13.1.4.1 Business overview 202

13.1.4.2 Products/Solutions/Services offered 203

13.1.4.3 Recent developments         204

13.1.4.4 MnM view           204

13.1.4.4.1            Right to win         204

13.1.4.4.2            Strategic choices made       205

13.1.4.4.3            Weaknesses and competitive threats 205

13.1.5    INGREDION      206

13.1.5.1 Business overview 206

13.1.5.2 Products/Solutions/Services offered 207

13.1.5.3 Recent developments         208

13.1.5.4 MnM view           208

13.1.5.4.1            Right to win         209

13.1.5.4.2            Strategic choices made       209

13.1.5.4.3            Weaknesses and competitive threats 209

13.1.6    DSM      210

13.1.6.1 Business overview 210

13.1.6.2 Products/Solutions/Services offered 211

13.1.6.3 Recent developments         212

13.1.6.4 MnM view           212

13.1.7    MGP INGREDIENTS       213

13.1.7.1 Business overview 213

13.1.7.2 Products/Solutions/Services offered 214

13.1.7.3 Recent developments         214

13.1.7.4 MnM view           215

13.1.8    PURIS   216

13.1.8.1 Business overview 216

13.1.8.2 Products/Solutions/Services offered 216

13.1.8.3 Recent developments         217

13.1.8.4 MnM view           217

13.1.9    BENEO 218

13.1.9.1 Business overview 218

13.1.9.2 Products/Solutions/Services offered 218

13.1.9.3 Recent developments         218

13.1.9.4 MnM view           219

13.1.10  AXIOM FOODS, INC.      220

13.1.10.1             Business overview 220

13.1.10.2             Products/Solutions/Services offered 220

13.1.10.3             Recent developments         220

13.1.10.4             MnM view           221

13.1.11  THE SCOULAR COMPANY          222

13.1.11.1             Business overview 222

13.1.11.2             Products/Solutions/Services offered 222

13.1.11.3             MnM view           222

13.1.12  SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.            223

13.1.12.1             Business overview 223

13.1.12.2             Products/Solutions/Services offered 223

13.1.12.3             MnM view           223

13.1.13  GUSHEN BIOTECHNOLOGY GROUP CO., LTD.  224

13.1.13.1             Business overview 224

13.1.13.2             Products/Solutions/Services offered 224

13.1.13.3             MnM view           224

13.1.14  FOODCHEM INTERNATIONAL CORPORATION 225

13.1.14.1             Business overview 225

13.1.14.2             Products/Solutions/Services offered 225

13.1.14.3             MnM view           225

13.1.15  DACSA GROUP 226

13.1.15.1             Business overview 226

13.1.15.2             Products/Solutions/Services offered 226

13.1.15.3             MnM view           226

13.2       SMES/START-UPS          227

13.2.1    SHANDONG WONDERFUL BIOTECH CO., LTD. 227

13.2.1.1 Business overview 227

13.2.1.2 Products/Solutions/Services offered 227

13.2.2    SUN NUTRAFOODS       228

13.2.2.1 Business overview 228

13.2.2.2 Products/Solutions/Services offered 228

13.2.3    CROWN SOYA PROTEIN GROUP COMPANY       229

13.2.3.1 Business overview 229

13.2.3.2 Products/Solutions/Services offered 229

13.2.4    HOYA FOODS   230

13.2.4.1 Business overview 230

13.2.4.2 Products/Solutions/Services offered 230

13.2.5    SOTEXPRO        231

13.2.5.1 Business overview 231

13.2.5.2 Products/Solutions/Services offered 231

13.2.6    LIVING FOODS 232

13.2.7    PRANA ORGANIC           232

13.2.8    ND LABS INC     233

13.2.9    BLATTMANN SCHWEIZ AG        233

13.2.10  SONIC BIOCHEM            234

14          ADJACENT AND RELATED MARKETS     235

14.1       INTRODUCTION            235

14.2       LIMITATIONS   235

14.3       PLANT-BASED PROTEIN MARKET          235

14.3.1    MARKET DEFINITION   235

14.3.2    MARKET OVERVIEW     236

14.4       PEA PROTEIN MARKET 238

14.4.1    MARKET DEFINITION   238

14.4.2    MARKET OVERVIEW     238

14.5       MEAT SUBSTITUTES MARKET  240

14.5.1    MARKET DEFINITION   240

14.5.2    MARKET OVERVIEW     240

15          APPENDIX         242

15.1       DISCUSSION GUIDE      242

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             246

15.3       CUSTOMIZATION OPTIONS      248

15.4       RELATED REPORTS       248

15.5       AUTHOR DETAILS         249

LIST OF TABLES

TABLE 1             USD EXCHANGE RATES CONSIDERED, 2019–2023            30

TABLE 2             TEXTURED VEGETABLE PROTEIN MARKET SNAPSHOT, 2024 VS. 2029 42

TABLE 3             POPULATION DENSITY OF MAJOR COUNTRIES,

2019–2027 (PEOPLE PER SQUARE KILOMETER)  53

TABLE 4             AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY SOURCE,

2023 (USD/KG) 64

TABLE 5             AVERAGE SELLING PRICE (ASP) TREND OF TEXTURED VEGETABLE PROTEIN,

BY SOURCE, 2019–2023 (USD/KG)           65

TABLE 6             SOY: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG) 65

TABLE 7             WHEAT: AVERAGE SELLING PRICE (ASP) TREND, BY REGION,

2019–2023 (USD/KG)      66

TABLE 8             PEA: AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG) 67

TABLE 9             TEXTURED VEGETABLE PROTEIN MARKET: ECOSYSTEM              70

TABLE 10           LIST OF FEW PATENTS IN TEXTURED VEGETABLE PROTEIN MARKET, 2014–2024       74

TABLE 11           EXPORT VALUE OF HS CODE 210610, BY KEY COUNTRY,

2019–2023 (USD THOUSAND)     76

TABLE 12           IMPORT VALUE OF HS CODE 210610, BY KEY COUNTRY,

2019–2023 (USD THOUSAND)     77

TABLE 13           TEXTURED VEGETABLE PROTEIN MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025       77

TABLE 14           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

TABLE 15           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

TABLE 16           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 17           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 18           PORTER’S FIVE FORCES IMPACT ON TEXTURED VEGETABLE PROTEIN MARKET         84

TABLE 19           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOUR TYPES          87

TABLE 20           KEY BUYING CRITERIA FOR TOP FOUR TYPES  88

TABLE 21           TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE, 2019–2023 (USD MILLION)     92

TABLE 22           TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)     93

TABLE 23           SLICES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          93

TABLE 24           SLICES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          94

TABLE 25           FLAKES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          94

TABLE 26           FLAKES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          95

TABLE 27           CHUNKS: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          96

TABLE 28           CHUNKS: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          96

TABLE 29           GRANULES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          97

TABLE 30           GRANULES: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          97

TABLE 31           TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (USD MILLION)          99

TABLE 32           TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (USD MILLION)          100

TABLE 33           TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE, 2019–2023 (KT)           100

TABLE 34           TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE, 2024–2029 (KT)           100

TABLE 35           SOY: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          101

TABLE 36           SOY: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          101

TABLE 37           SOY: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2019–2023 (KT) 101

TABLE 38           SOY: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2024–2029 (KT) 102

TABLE 39           PEA: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          103

TABLE 40           PEA: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          103

TABLE 41           PEA: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2019–2023 (KT) 103

TABLE 42           PEA: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2024–2029 (KT) 104

TABLE 43           WHEAT: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          104

TABLE 44           WHEAT: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          105

TABLE 45           WHEAT: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2019–2023 (KT)             105

TABLE 46           WHEAT: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2024–2029 (KT)             105

TABLE 47           TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          107

TABLE 48           TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          108

TABLE 49           MEAT ALTERNATIVES: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2019–2023 (USD MILLION)          108

TABLE 50           MEAT ALTERNATIVES: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2024–2029 (USD MILLION)          109

TABLE 51           MEAT ALTERNATIVES: TEXTURED VEGETABLE PROTEIN MARKET,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           109

TABLE 52           MEAT ALTERNATIVES: TEXTURED VEGETABLE PROTEIN MARKET,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           109

TABLE 53           CEREALS & SNACKS: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2019–2023 (USD MILLION)          111

TABLE 54           CEREALS & SNACKS: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2024–2029 (USD MILLION)          112

TABLE 55           OTHER APPLICATIONS: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2019–2023 (USD MILLION)          112

TABLE 56           OTHER APPLICATIONS: TEXTURIZED VEGETABLE PROTEIN MARKET, BY REGION,  2024–2029 (USD MILLION)          113

TABLE 57           TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE, 2019–2023 (USD MILLION)     115

TABLE 58           TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE, 2024–2029 (USD MILLION)     115

TABLE 59           ORGANIC: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)          116

TABLE 60           ORGANIC: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          116

TABLE 61           CONVENTIONAL: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2019–2023 (USD MILLION)        117

TABLE 62           CONVENTIONAL: TEXTURED VEGETABLE PROTEIN MARKET, BY REGION,

2024–2029 (USD MILLION)          117

TABLE 63           TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2019–2023 (USD MILLION)     120

TABLE 64           TEXTURED VEGETABLE PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)     120

TABLE 65           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          121

TABLE 66           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          122

TABLE 67           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2019–2023 (USD MILLION)          122

TABLE 68           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024–2029 (USD MILLION)          122

TABLE 69           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (USD MILLION)          122

TABLE 70           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (USD MILLION)          123

TABLE 71           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (KT) 123

TABLE 72           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (KT) 123

TABLE 73           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2019–2023 (USD MILLION)   123

TABLE 74           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2024–2029 (USD MILLION)   124

TABLE 75           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              124

TABLE 76           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              124

TABLE 77           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2019–2023 (USD MILLION)          124

TABLE 78           NORTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2024–2029 (USD MILLION)          125

TABLE 79           US: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          126

TABLE 80           US: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          126

TABLE 81           US: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           126

TABLE 82           US: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           126

TABLE 83           CANADA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          127

TABLE 84           CANADA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          128

TABLE 85           CANADA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           128

TABLE 86           CANADA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           128

TABLE 87           MEXICO: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          129

TABLE 88           MEXICO: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          129

TABLE 89           MEXICO: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           129

TABLE 90           MEXICO: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           129

TABLE 91           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          130

TABLE 92           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          131

TABLE 93           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2019–2023 (USD MILLION)          131

TABLE 94           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024–2029 (USD MILLION)          131

TABLE 95           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (USD MILLION)          131

TABLE 96           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (USD MILLION)          132

TABLE 97           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE, 2019–2023 (KT)             132

TABLE 98           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE, 2024–2029 (KT)             132

TABLE 99           EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          132

TABLE 100         EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          133

TABLE 101         EUROPE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           133

TABLE 102         EUROPE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           133

TABLE 103         EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2019–2023 (USD MILLION)          133

TABLE 104         EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2024–2029 (USD MILLION)          134

TABLE 105         GERMANY: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          135

TABLE 106         GERMANY: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          135

TABLE 107         GERMANY: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              135

TABLE 108         GERMANY: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              135

TABLE 109         UK: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          136

TABLE 110         UK: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          136

TABLE 111         UK: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           137

TABLE 112         UK: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           137

TABLE 113         FRANCE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          138

TABLE 114         FRANCE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          138

TABLE 115         FRANCE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           138

TABLE 116         FRANCE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           138

TABLE 117         ITALY: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          139

TABLE 118         ITALY: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          139

TABLE 119         ITALY: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           139

TABLE 120         ITALY: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           140

TABLE 121         SPAIN: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          140

TABLE 122         SPAIN: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          141

TABLE 123         SPAIN: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           141

TABLE 124         SPAIN: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           141

TABLE 125         REST OF EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2019–2023 (USD MILLION)   142

TABLE 126         REST OF EUROPE: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2024–2029 (USD MILLION)   142

TABLE 127         REST OF EUROPE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2019–2023 (USD MILLION)              142

TABLE 128         REST OF EUROPE: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              142

TABLE 129         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET,

BY COUNTRY/SUBREGION, 2019–2023 (USD MILLION)   144

TABLE 130         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET,

BY COUNTRY/SUBREGION, 2024–2029 (USD MILLION)   144

TABLE 131         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2019–2023 (USD MILLION)          144

TABLE 132         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024–2029 (USD MILLION)          145

TABLE 133         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (USD MILLION)          145

TABLE 134         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (USD MILLION)          145

TABLE 135         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (KT) 145

TABLE 136         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (KT) 146

TABLE 137         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          146

TABLE 138         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          146

TABLE 139         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              146

TABLE 140         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              147

TABLE 141         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2019–2023 (USD MILLION)          147

TABLE 142         ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2024–2029 (USD MILLION)          147

TABLE 143         CHINA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          148

TABLE 144         CHINA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          148

TABLE 145         CHINA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           148

TABLE 146         CHINA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           148

TABLE 147         INDIA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          149

TABLE 148         INDIA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          149

TABLE 149         INDIA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           150

TABLE 150         INDIA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           150

TABLE 151         JAPAN: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          151

TABLE 152         JAPAN: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          151

TABLE 153         JAPAN: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           151

TABLE 154         JAPAN: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           151

TABLE 155         AUSTRALIA AND NEW ZEALAND: TEXTURED VEGETABLE PROTEIN MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)     152

TABLE 156         AUSTRALIA AND NEW ZEALAND: TEXTURED VEGETABLE PROTEIN MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)     153

TABLE 157         AUSTRALIA AND NEW ZEALAND: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2019–2023 (USD MILLION)     153

TABLE 158         AUSTRALIA AND NEW ZEALAND: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2024–2029 (USD MILLION)     153

TABLE 159         REST OF ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2019–2023 (USD MILLION)             154

TABLE 160         REST OF ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2024–2029 (USD MILLION)             154

TABLE 161         REST OF ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2019–2023 (USD MILLION)          154

TABLE 162         REST OF ASIA PACIFIC: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2024–2029 (USD MILLION)          154

TABLE 163         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          155

TABLE 164         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          155

TABLE 165         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2019–2023 (USD MILLION)          155

TABLE 166         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024–2029 (USD MILLION)          156

TABLE 167         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (USD MILLION)          156

TABLE 168         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (USD MILLION)          156

TABLE 169         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2019–2023 (KT) 156

TABLE 170         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024–2029 (KT) 157

TABLE 171         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2019–2023 (USD MILLION)   157

TABLE 172         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2024–2029 (USD MILLION)   157

TABLE 173         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              157

TABLE 174         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              158

TABLE 175         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2019–2023 (USD MILLION)          158

TABLE 176         SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2024–2029 (USD MILLION)          158

TABLE 177         BRAZIL: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          159

TABLE 178         BRAZIL: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          159

TABLE 179         BRAZIL: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           159

TABLE 180         BRAZIL: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           159

TABLE 181         ARGENTINA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          160

TABLE 182         ARGENTINA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          160

TABLE 183         ARGENTINA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              161

TABLE 184         ARGENTINA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              161

TABLE 185         REST OF SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET,

BY APPLICATION,  2019–2023 (USD MILLION)   161

TABLE 186         REST OF SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET,

BY APPLICATION,  2024–2029 (USD MILLION)   162

TABLE 187         REST OF SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2019–2023 (USD MILLION)          162

TABLE 188         REST OF SOUTH AMERICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2024–2029 (USD MILLION)          162

TABLE 189         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SUBREGION,  2019–2023 (USD MILLION)   163

TABLE 190         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SUBREGION,  2024–2029 (USD MILLION)   163

TABLE 191         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2019–2023 (USD MILLION)          163

TABLE 192         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024–2029 (USD MILLION)          163

TABLE 193         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,  2019–2023 (USD MILLION)         164

TABLE 194         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,  2024–2029 (USD MILLION)         164

TABLE 195         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,  2019–2023 (KT) 164

TABLE 196         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,  2024–2029 (KT) 164

TABLE 197         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2019–2023 (USD MILLION)             165

TABLE 198         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,  2024–2029 (USD MILLION)             165

TABLE 199         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2019–2023 (USD MILLION)          165

TABLE 200         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES, BY SUB-APPLICATION, 2024–2029 (USD MILLION)          165

TABLE 201         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,  2019–2023 (USD MILLION)         166

TABLE 202         REST OF THE WORLD: TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,  2024–2029 (USD MILLION)         166

TABLE 203         MIDDLE EAST: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          167

TABLE 204         MIDDLE EAST: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          167

TABLE 205         MIDDLE EAST: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2019–2023 (USD MILLION)              167

TABLE 206         MIDDLE EAST: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,  BY SUB-APPLICATION, 2024–2029 (USD MILLION)              167

TABLE 207         AFRICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          168

TABLE 208         AFRICA: TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          168

TABLE 209         AFRICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2019–2023 (USD MILLION)           169

TABLE 210         AFRICA: TEXTURED VEGETABLE PROTEIN MARKET FOR MEAT ALTERNATIVES,

BY SUB-APPLICATION, 2024–2029 (USD MILLION)           169

TABLE 211         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN TEXTURED VEGETABLE PROTEIN MARKET, 2020–2024  171

TABLE 212         TEXTURED VEGETABLE PROTEIN MARKET: DEGREE OF COMPETITION 174

TABLE 213         TEXTURED VEGETABLE PROTEIN MARKET: SOURCE FOOTPRINT      178

TABLE 214         TEXTURED VEGETABLE PROTEIN MARKET: TYPE FOOTPRINT              179

TABLE 215         TEXTURED VEGETABLE PROTEIN MARKET: NATURE FOOTPRINT      180

TABLE 216         TEXTURED VEGETABLE PROTEIN MARKET: APPLICATION FOOTPRINT      180

TABLE 217         TEXTURED VEGETABLE PROTEIN MARKET: REGIONAL FOOTPRINT      181

TABLE 218         TEXTURED VEGETABLE PROTEIN MARKET: KEY START-UPS/SMES         183

TABLE 219         TEXTURED VEGETABLE PROTEIN MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES, 2023           184

TABLE 220         TEXTURED VEGETABLE PROTEIN MARKET: PRODUCT LAUNCHES,

APRIL 2020–FEBRUARY 2024       187

TABLE 221         TEXTURED VEGETABLE PROTEIN MARKET: DEALS, JANUARY 2020–MAY 2022 188

TABLE 222         TEXTURED VEGETABLE PROTEIN MARKET: EXPANSIONS,

SEPTEMBER 2021–MAY 2023       189

TABLE 223         ADM: COMPANY OVERVIEW     192

TABLE 224         ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED      193

TABLE 225         ADM: PRODUCT LAUNCHES     194

TABLE 226         ADM: DEALS     194

TABLE 227         ADM: EXPANSIONS        195

TABLE 228         CARGILL, INCORPORATED: COMPANY OVERVIEW        196

TABLE 229         CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   197

TABLE 230         CARGILL, INCORPORATED: PRODUCT LAUNCHES        197

TABLE 231         CARGILL, INCORPORATED: EXPANSIONS           197

TABLE 232         ROQUETTE FRÈRES: COMPANY OVERVIEW       199

TABLE 233         ROQUETTE FRÈRES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          199

TABLE 234         ROQUETTE FRÈRES: PRODUCT LAUNCHES       200

TABLE 235         ROQUETTE FRÈRES: DEALS       200

TABLE 236         ROQUETTE FRÈRES: EXPANSIONS         201

TABLE 237         INTERNATIONAL FLAVOURS & FRAGRANCES INC.: COMPANY OVERVIEW        202

TABLE 238         INTERNATIONAL FLAVOURS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   203

TABLE 239         INTERNATIONAL FLAVOURS & FRAGRANCES INC.: PRODUCT LAUNCHES       204

TABLE 240         INTERNATIONAL FLAVOURS & FRAGRANCES INC.: DEALS              204

TABLE 241         INGREDION: COMPANY OVERVIEW       206

TABLE 242         INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED              207

TABLE 243         INGREDION: PRODUCT LAUNCHES       208

TABLE 244         INGREDION: DEALS      208

TABLE 245         DSM: COMPANY OVERVIEW      210

TABLE 246         DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED       211

TABLE 247         DSM: PRODUCT LAUNCHES      212

TABLE 248         DSM: DEALS     212

TABLE 249         MGP INGREDIENTS: COMPANY OVERVIEW       213

TABLE 250         MGP INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          214

TABLE 251         MGP INGREDIENTS: PRODUCT LAUNCHES       214

TABLE 252         MGP INGREDIENTS: EXPANSIONS          215

TABLE 253         PURIS: COMPANY OVERVIEW   216

TABLE 254         PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 255         PURIS: PRODUCT LAUNCHES   217

TABLE 256         PURIS: EXPANSIONS      217

TABLE 257         BENEO: COMPANY OVERVIEW 218

TABLE 258         BENEO: PRODUCTS/SOLUTIONS/SERVICES OFFERED  218

TABLE 259         BENEO: DEALS 218

TABLE 260         BENEO: EXPANSIONS    219

TABLE 261         AXIOM FOODS, INC.: COMPANY OVERVIEW       220

TABLE 262         AXIOM FOODS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          220

TABLE 263         AXIOM FOODS, INC.: PRODUCT LAUNCHES      220

TABLE 264         THE SCOULAR COMPANY: COMPANY OVERVIEW          222

TABLE 265         THE SCOULAR COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          222

TABLE 266         SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: COMPANY OVERVIEW        223

TABLE 267         SHANDONG YUXIN BIOTECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   223

TABLE 268         GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD.: COMPANY OVERVIEW  224

TABLE 269         GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   224

TABLE 270         FOODCHEM INTERNATIONAL CORPORATION: COMPANY OVERVIEW        225

TABLE 271         FOODCHEM INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   225

TABLE 272         DACSA GROUP: COMPANY OVERVIEW  226

TABLE 273         DACSA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED              226

TABLE 274         SHANDONG WONDERFUL BIOTECH CO., LTD.: COMPANY OVERVIEW        227

TABLE 275         SHANDONG WONDERFUL BIOTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   227

TABLE 276         SUN NUTRAFOODS: COMPANY OVERVIEW        228

TABLE 277         SUN NUTRAFOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          228

TABLE 278         CROWN SOYA PROTEIN GROUP COMPANY: COMPANY OVERVIEW        229

TABLE 279         CROWN SOYA PROTEIN GROUP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   229

TABLE 280         HOYA FOODS: COMPANY OVERVIEW    230

TABLE 281         HOYA FOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              230

TABLE 282         SOTEXPRO: COMPANY OVERVIEW        231

TABLE 283         SOTEXPRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED              231

TABLE 284         ADJACENT MARKETS TO TEXTURED VEGETABLE PROTEIN              235

TABLE 285         PLANT-BASED PROTEIN MARKET, BY SOURCE, 2019–2023 (USD MILLION)          237

TABLE 286         PLANT-BASED PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)          237

TABLE 287         PLANT-BASED PROTEIN MARKET, BY SOURCE, 2019–2023 (KT)              237

TABLE 288         PLANT-BASED PROTEIN MARKET, BY SOURCE, 2024–2029 (KT)              238

TABLE 289         PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)              239

TABLE 290         PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)              239

TABLE 291         PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)            239

TABLE 292         PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)            240

TABLE 293         MEAT SUBSTITUTES MARKET, BY PRODUCT, 2017–2020 (USD MILLION)          240

TABLE 294         MEAT SUBSTITUTES MARKET, BY PRODUCT, 2021–2027 (USD MILLION)          241

LIST OF FIGURES

FIGURE 1           MARKET SEGMENTATION         28

FIGURE 2           TEXTURED VEGETABLE PROTEIN MARKET: RESEARCH DESIGN              32

FIGURE 3           TEXTURED VEGETABLE PROTEIN MARKET: DEMAND-SIDE CALCULATION 37

FIGURE 4           TEXTURED VEGETABLE PROTEIN MARKET SIZE ESTIMATION STEPS AND RESPECTIVE SOURCES: SUPPLY SIDE           38

FIGURE 5           SUPPLY-SIDE ANALYSIS: TEXTURED VEGETABLE PROTEIN MARKET            39

FIGURE 6           DATA TRIANGULATION             40

FIGURE 7           TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024 VS. 2029 (USD MILLION)     43

FIGURE 8           TEXTURED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024 VS. 2029 (USD MILLION)     43

FIGURE 9           TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024 VS. 2029 (USD MILLION)     44

FIGURE 10         TEXTURED VEGETABLE PROTEIN MARKET, BY NATURE,

2024 VS. 2029 (USD MILLION)     44

FIGURE 11         ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       45

FIGURE 12         DEVELOPMENT AND INNOVATION OF NEW PRODUCTS, GROWING AWARENESS OF HEALTH BENEFITS OF PLANT-BASED PROTEIN, AND INCREASING INVESTMENTS IN ALTERNATIVE PROTEIN INDUSTRY TO DRIVE MARKET 46

FIGURE 13         SOY SEGMENT & US TO ACCOUNT FOR LARGEST SHARES IN NORTH AMERICAN TEXTURED VEGETABLE PROTEIN MARKET IN 2024 47

FIGURE 14         US TO ACCOUNT FOR LARGEST MARKET SHARE (BY VALUE) IN 2024 47

FIGURE 15         SOY SEGMENT AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARES DURING FORECAST PERIOD            48

FIGURE 16         MEAT ALTERNATIVES SEGMENT AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD             49

FIGURE 17         CONVENTIONAL SEGMENT AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD             50

FIGURE 18         GRANULES SEGMENT AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD     51

FIGURE 19         POPULATION PROJECTION: TOP 10 POPULOUS COUNTRIES, 2022 (THOUSAND)        53

FIGURE 20         US PLANT-BASED MARKET, 2019–2022 (BILLION)            54

FIGURE 21         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: TEXTURED VEGETABLE PROTEIN MARKET       55

FIGURE 22         PLANT-BASED MEAT AND SEAFOOD PRODUCT CATEGORY, 2023      56

FIGURE 23         AVERAGE UNIT PRICES OF PLANT-BASED VS. ANIMAL-BASED PRODUCTS

BY CATEGORY, 2020      59

FIGURE 24         TRENDS/DISRUPTING IMPACTING CUSTOMER BUSINESS              63

FIGURE 25        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOURCE, 2023      64

FIGURE 26         AVERAGE SELLING PRICE TREND, BY SOURCE  64

FIGURE 27         SOY: AVERAGE SELLING PRICE TREND, BY REGION       65

FIGURE 28         WHEAT: AVERAGE SELLING PRICE TREND, BY REGION 66

FIGURE 29         PEA: AVERAGE SELLING PRICE TREND, BY REGION       66

FIGURE 30         TEXTURED VEGETABLE PROTEIN MARKET: VALUE CHAIN ANALYSIS          67

FIGURE 31         KEY STAKEHOLDERS IN TEXTURED VEGETABLE PROTEIN MARKET ECOSYSTEM   71

FIGURE 32         NUMBER OF MAJOR PATENTS GRANTED FOR TEXTURED VEGETABLE PROTEIN MARKET, 2014–2024         73

FIGURE 33         REGIONAL ANALYSIS OF PATENTS GRANTED FOR TEXTURED VEGETABLE PROTEIN MARKET, 2014–2024         74

FIGURE 34         EXPORT VALUE OF HS CODE 210610: KEY COUNTRIES,

2019–2023 (USD THOUSAND)     76

FIGURE 35         IMPORT VALUE OF HS CODE 210610: KEY COUNTRIES,

2019–2023 (USD THOUSAND)     77

FIGURE 36         TEXTURED VEGETABLE PROTEIN MARKET: PORTER’S FIVE FORCES ANALYSIS         85

FIGURE 37         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FOUR TYPES          87

FIGURE 38         KEY BUYING CRITERIA FOR TOP FOUR TYPES  88

FIGURE 39         INVESTMENT AND FUNDING SCENARIO OF FEW MAJOR PLAYERS           89

FIGURE 40         TEXTURED VEGETABLE PROTEIN MARKET, BY TYPE,

2024 VS. 2029 (USD MILLION)     92

FIGURE 41         TEXTURED VEGETABLE PROTEIN MARKET, BY SOURCE,

2024 VS. 2029 (USD MILLION)     99

FIGURE 42         TEXTURIZED VEGETABLE PROTEIN MARKET, BY APPLICATION,

2024 VS. 2029 (USD MILLION)     107

FIGURE 43         TOTAL US PLANT-BASED PRODUCT SALES, 2023 (USD BILLION)           111

FIGURE 44         TEXTURIZED VEGETABLE PROTEIN MARKET, BY NATURE,

2024 VS. 2029 (USD MILLION)     115

FIGURE 45         JAPAN TO GROW AT HIGHEST RATE DURING FORECAST PERIOD              119

FIGURE 46         NORTH AMERICA: MARKET SNAPSHOT 121

FIGURE 47         ASIA PACIFIC: MARKET SNAPSHOT       143

FIGURE 48         TEXTURED VEGETABLE PROTEIN MARKET: REVENUE ANALYSIS OF KEY PLAYERS 2019–2023 (USD BILLION)    173

FIGURE 49         TEXTURED VEGETABLE PROTEIN MARKET: MARKET SHARE ANALYSIS          174

FIGURE 50         RANKING OF TOP FIVE PLAYERS IN TEXTURED VEGETABLE PROTEIN

MARKET, 2023  175

FIGURE 51         TEXTURED VEGETABLE PROTEIN MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     177

FIGURE 52         COMPANY FOOTPRINT 178

FIGURE 53         TEXTURED VEGETABLE PROTEIN MARKET: COMPANY EVALUATION MATRIX

(START-UPS/SMES), 2023           183

FIGURE 54         COMPANY VALUATION OF FEW MAJOR VENDORS, 2023 (USD BILLION)           185

FIGURE 55         EV/EBITDA OF KEY COMPANIES, 2023   185

FIGURE 56         BRAND/PRODUCT COMPARISON          186

FIGURE 57         ADM: COMPANY SNAPSHOT     193

FIGURE 58         CARGILL, INCORPORATED: COMPANY SNAPSHOT        196

FIGURE 59         INTERNATIONAL FLAVOURS & FRAGRANCES INC.: COMPANY SNAPSHOT        203

FIGURE 60         INGREDION: COMPANY SNAPSHOT      207

FIGURE 61         DSM: COMPANY SNAPSHOT      211

FIGURE 62         MGP INGREDIENTS: COMPANY SNAPSHOT       213