Textured Vegetable Protein Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.56 Billion |
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Market Size (2029) | USD 9.20 Billion |
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Largest Share by Distribution Channel | On-Trade |
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CAGR (2024 - 2029) | 10.60 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Textured Vegetable Protein Market Analysis
The Textured Vegetable Protein Market size is estimated at 5.56 billion USD in 2024, and is expected to reach 9.20 billion USD by 2029, growing at a CAGR of 10.60% during the forecast period (2024-2029).
5.56 Billion
Market Size in 2024 (USD)
9.20 Billion
Market Size in 2029 (USD)
6.97 %
CAGR (2017-2023)
10.60 %
CAGR (2024-2029)
Largest Segment by Region
32 %
value share, Europe, 2023
The demand for meat substitutes has soared as vegan foods market share increased and the vegan or flexitarian population in the region rose significantly in recent years.
Largest Segment by Distribution Channel
66.31 %
value share, On-Trade, 2023
The channel accounts for over two-thirds of the value of TVP consumption, with more restaurants and hotels turning to TVP-based animal substitutes to satisfy vegan diets.
Fastest-growing Segment by Region
11.84 %
Projected CAGR, Asia-Pacific, 2024-2029
Many international food companies along with regional players are developing innovative meat substitutes derived from pulses, wheat, potato, and other plant-based ingredients.
Fastest-growing Segment by Distribution Channel
11.10 %
Projected CAGR, On-Trade, 2024-2029
The growth of the online food delivery sector, where several smartphone applications are steadily growing their addressable market, will aid in the segment's development.
Leading Market Player
1.63 %
market share, Roquette Freres, 2022
The company offers high-quality quality environmentally friendly and clean labeled textured plant proteins which help to easily formulate nutritious plant-based foods.
The veganism trend is driving the penetration of textured plant protein on the menu
- The on-trade channel is the largest distribution segment for the global sales of textured vegetable protein. Nearly 65% of the total value of TVP consumption is met through this channel, and it is expected to become more prominent and register a CAGR of 10.8% by value during the forecast period. In 2021, there were around 79 million vegans around the world. While the trend of veganism is growing, it still covers only 1% of the global population. The number of vegans is estimated to reach a much higher level. This trend will support the TVP market as more restaurants and hotels look forward to offering TVP-based meat substitutes to cater to vegan diets.
- The off-trade channel registered a growth of 28.35% by value during 2017-2022, which was majorly attributable to the development of the supermarkets/hypermarkets channel. The fastest-growing channel for the sales of textured vegetable protein worldwide is the online channel, which is projected to register a CAGR of 15.83% by value during the forecast period. Online retailers are more popular among consumers because they offer various TVP-based products in raw, frozen, and processed forms.
- The growth of the ready-to-cook (RTC) and ready-to-eat (RTE) categories is a major driving force for the online TVP channel, as consumers demand such products due to their busy lifestyles. Only 9.10% by value of the total TVP sold was through the online channel in 2022. This situation is expected to change as the online channel is projected to garner nearly 13.79% of the total market share by 2029. The online channel is a much easier trade channel for companies as it is less capital-intensive, and launching a product is much simpler than in the offline retail segment.
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Increased vegan and vegetarian populations propelling the market growth
- Europe was the leading market for TVP in the world in 2022. With the growing market penetration of vegan food and the increasing number of vegans and flexitarians among the European population, the market for meat alternatives boomed in the region. There are approximately 2.6 million vegans in Germany as of 2022, and around 3.2% of the German population is vegan. Also, the number of vegans doubled from 2017 to 2022. German flexitarians prefer to consume TVP in the forms of patties/burgers, sausages, and ground meat because these products replicate the taste and texture of animal meat. The flexitarian population is limiting meat consumption due to concerns over animal welfare.
- The Middle East is anticipated to be the fastest-growing region in terms of consuming textured vegetable protein. It is projected to register a CAGR of 11.45% in terms of value during the forecast period. As a huge part of the global population is going to Arabic countries for tourism purposes, there is an increase in the demand for meat alternatives in countries like Saudi Arabia and the United Arab Emirates. There has been a growing perception of healthy vegetarian food options among people in the Middle East.
- North America holds the second-highest share of the global textured vegetable protein market. The United States is one of the key markets for textured vegetable protein. The higher demand for meat alternatives is backed by an ever-increasing number of Americans adopting veganism or turning to flexitarian diets. In order to meet the demand for soybeans in the country, around 4.44 billion bushels of soybeans were produced in the United States in 2022, planted in an area of 87.2 million acres (35.3 million hectares).
Global Textured Vegetable Protein Market Trends
TVP prices are anticipated to grow at a minimum rate owing to its improved market structure
- The average global price of textured vegetable protein (TVP) grew by 0.43% from 2017 to 2022. As TVP is mostly bought by large corporations as a texturant to produce their branded meat and meat substitute products, steep price variations have not been witnessed in the market. Unlike tofu and tempeh, the prices of TVP are not completely dependent on a single raw material. The prices of soybean, wheat, and peas also play key roles in determining the price of TVP.
- The demand for TVP will only continue to increase as it has become a commoditized product manufactured by many companies. The rising grain and legume prices play a huge role in the market equilibrium of TVP. For instance, on average, at the global level, wheat prices rose from USD 4.62 per kg in March 2019 to as high as USD 11.78 per kg in May 2022. One of the major reasons for the rise in prices was the abrupt suspension of exports from Ukraine, one of the major wheat exporters, due to the war with Russia. This situation further exacerbated global supply concerns. Soybean prices also witnessed a similar trend, rising from USD 8.32 in April 2020 to USD 17.32 in May 2022.
- Competition from the very established, conventional meat industry has made costs a challenge for plant-based innovators. For example, in 2019, vegetarian chicken cuts were USD 0.83 more expensive per 100 g in the Netherlands than their animal counterparts. In 2022, meatless chicken cuts were only USD 0.13 more expensive per 100 g. The price differential for ground beef decreased from USD 0.26 to USD 0.06 over the same period. Apart from price positioning, consumers are highly influenced by the product's taste and local flavors, making it essential for product manufacturers to thrive in this market.
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Textured Vegetable Protein Industry Overview
The Textured Vegetable Protein Market is fragmented, with the top five companies occupying 3.93%. The major players in this market are Associated British Foods PLC, Bob’s Red Mill Natural Foods, Ingredion Inc., Roquette Freres and Vippy Industries Ltd (sorted alphabetically).
Textured Vegetable Protein Market Leaders
Associated British Foods PLC
Bob’s Red Mill Natural Foods
Ingredion Inc.
Roquette Freres
Vippy Industries Ltd
Other important companies include AGT Food & Ingredients Inc., Bunge Limited, Cargill Inc., China Foodstuff & Protein Group Co. Ltd, CHS Inc., Dixie Foods, Do It Organic, International Flavors & Fragrances Inc., MGP Ingredients Inc., NOW Health Group, Inc., Univar Solutions Inc., Wholesome Provisions Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Textured Vegetable Protein Market News
- June 2023: Roquette Freres announced the opening of Roquette’s Food Innovation Center to provide formulators with a large range of capabilities, including technical and R&D support, cutting-edge equipment, labs and scale-up testing with an ultimate goal of fostering innovation and to accelerate the go-to-market of new products.
- May 2023: Univar Solutions announced that it has partnered with ICL’s Rovitaris textured plant proteins in North America. Through the agreement, Univar aims to expand plant-based protein options for food ingredients customers in the US and Canada.
- May 2023: Bunge Limited formed a strategic alliance with Nutrien Ag Solutions, the retail division of Nutrien Ltd., to support U.S. farmers in the implementation of sustainable farming practices in order to increase production of low carbon products.
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We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
Textured Vegetable Protein Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
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3.1 Price Trends
- 3.1.1 Textured Vegetable Protein
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3.2 Regulatory Framework
- 3.2.1 Canada
- 3.2.2 France
- 3.2.3 Germany
- 3.2.4 Italy
- 3.2.5 Mexico
- 3.2.6 United Kingdom
- 3.2.7 United States
- 3.3 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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4.1 Distribution Channel
- 4.1.1 Off-Trade
- 4.1.1.1 Convenience Stores
- 4.1.1.2 Online Channel
- 4.1.1.3 Supermarkets and Hypermarkets
- 4.1.1.4 Others
- 4.1.2 On-Trade
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4.2 Region
- 4.2.1 Africa
- 4.2.1.1 By Distribution Channel
- 4.2.1.2 By Country
- 4.2.1.2.1 Egypt
- 4.2.1.2.2 Nigeria
- 4.2.1.2.3 South Africa
- 4.2.1.2.4 Rest of Africa
- 4.2.2 Asia-Pacific
- 4.2.2.1 By Distribution Channel
- 4.2.2.2 By Country
- 4.2.2.2.1 Australia
- 4.2.2.2.2 China
- 4.2.2.2.3 India
- 4.2.2.2.4 Indonesia
- 4.2.2.2.5 Japan
- 4.2.2.2.6 Malaysia
- 4.2.2.2.7 South Korea
- 4.2.2.2.8 Rest of Asia-Pacific
- 4.2.3 Europe
- 4.2.3.1 By Distribution Channel
- 4.2.3.2 By Country
- 4.2.3.2.1 France
- 4.2.3.2.2 Germany
- 4.2.3.2.3 Italy
- 4.2.3.2.4 Netherlands
- 4.2.3.2.5 Russia
- 4.2.3.2.6 Spain
- 4.2.3.2.7 United Kingdom
- 4.2.3.2.8 Rest of Europe
- 4.2.4 Middle East
- 4.2.4.1 By Distribution Channel
- 4.2.4.2 By Country
- 4.2.4.2.1 Bahrain
- 4.2.4.2.2 Kuwait
- 4.2.4.2.3 Oman
- 4.2.4.2.4 Qatar
- 4.2.4.2.5 Saudi Arabia
- 4.2.4.2.6 United Arab Emirates
- 4.2.4.2.7 Rest of Middle East
- 4.2.5 North America
- 4.2.5.1 By Distribution Channel
- 4.2.5.2 By Country
- 4.2.5.2.1 Canada
- 4.2.5.2.2 Mexico
- 4.2.5.2.3 United States
- 4.2.5.2.4 Rest of North America
- 4.2.6 South America
- 4.2.6.1 By Distribution Channel
- 4.2.6.2 By Country
- 4.2.6.2.1 Argentina
- 4.2.6.2.2 Brazil
- 4.2.6.2.3 Rest of South America
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
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5.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 5.4.1 AGT Food & Ingredients Inc.
- 5.4.2 Associated British Foods PLC
- 5.4.3 Bob’s Red Mill Natural Foods
- 5.4.4 Bunge Limited
- 5.4.5 Cargill Inc.
- 5.4.6 China Foodstuff & Protein Group Co. Ltd
- 5.4.7 CHS Inc.
- 5.4.8 Dixie Foods
- 5.4.9 Do It Organic
- 5.4.10 Ingredion Inc.
- 5.4.11 International Flavors & Fragrances Inc.
- 5.4.12 MGP Ingredients Inc.
- 5.4.13 NOW Health Group, Inc.
- 5.4.14 Roquette Freres
- 5.4.15 Univar Solutions Inc.
- 5.4.16 Vippy Industries Ltd
- 5.4.17 Wholesome Provisions Inc.
6. KEY STRATEGIC QUESTIONS FOR MEAT SUBSTITUTES INDUSTRY CEOS
7. APPENDIX
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7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- TEXTURED VEGETABLE PROTEIN PRICE PER METRIC TON, USD, GLOBAL, 2017 - 2023
- Figure 2:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 3:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, GLOBAL, 2017 - 2029
- Figure 4:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 5:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 6:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OFF-TRADE, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 9:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OFF-TRADE, USD, GLOBAL, 2017 - 2029
- Figure 10:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OFF-TRADE CHANNELS, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 11:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OFF-TRADE CHANNELS, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 12:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 13:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA CONVENIENCE STORES, USD, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA CONVENIENCE STORES SPLIT BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 15:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 16:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA ONLINE CHANNEL, USD, GLOBAL, 2017 - 2029
- Figure 17:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA ONLINE CHANNEL SPLIT BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 18:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 19:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 21:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OTHERS, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 22:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OTHERS, USD, GLOBAL, 2017 - 2029
- Figure 23:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA OTHERS SPLIT BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 24:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA ON-TRADE, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 25:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET SOLD VIA ON-TRADE, USD, GLOBAL, 2017 - 2029
- Figure 26:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY REGION, METRIC TONS, GLOBAL, 2017 - 2029
- Figure 27:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 28:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 29:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 30:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, AFRICA, 2017 - 2029
- Figure 31:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, AFRICA, 2017 - 2029
- Figure 32:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 33:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 34:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, AFRICA, 2017 - 2029
- Figure 35:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 37:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 38:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, EGYPT, 2017 - 2029
- Figure 39:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, EGYPT, 2017 - 2029
- Figure 40:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EGYPT, 2022 VS 2029
- Figure 41:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, NIGERIA, 2017 - 2029
- Figure 42:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, NIGERIA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NIGERIA, 2022 VS 2029
- Figure 44:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, SOUTH AFRICA, 2017 - 2029
- Figure 45:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, SOUTH AFRICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AFRICA, 2022 VS 2029
- Figure 47:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF AFRICA, 2017 - 2029
- Figure 48:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF AFRICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF AFRICA, 2022 VS 2029
- Figure 50:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 53:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 54:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 57:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 58:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, AUSTRALIA, 2017 - 2029
- Figure 59:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 60:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AUSTRALIA, 2022 VS 2029
- Figure 61:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, CHINA, 2017 - 2029
- Figure 62:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, CHINA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CHINA, 2022 VS 2029
- Figure 64:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, INDIA, 2017 - 2029
- Figure 65:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, INDIA, 2017 - 2029
- Figure 66:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 67:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, INDONESIA, 2017 - 2029
- Figure 68:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, INDONESIA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDONESIA, 2022 VS 2029
- Figure 70:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, JAPAN, 2017 - 2029
- Figure 71:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, JAPAN, 2017 - 2029
- Figure 72:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, JAPAN, 2022 VS 2029
- Figure 73:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, MALAYSIA, 2017 - 2029
- Figure 74:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MALAYSIA, 2022 VS 2029
- Figure 76:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, SOUTH KOREA, 2017 - 2029
- Figure 77:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 79:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 80:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 82:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, EUROPE, 2017 - 2029
- Figure 83:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, EUROPE, 2017 - 2029
- Figure 84:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 85:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 86:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, EUROPE, 2017 - 2029
- Figure 87:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 88:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 89:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 90:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, FRANCE, 2017 - 2029
- Figure 91:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, FRANCE, 2017 - 2029
- Figure 92:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, FRANCE, 2022 VS 2029
- Figure 93:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, GERMANY, 2017 - 2029
- Figure 94:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, GERMANY, 2017 - 2029
- Figure 95:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, GERMANY, 2022 VS 2029
- Figure 96:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, ITALY, 2017 - 2029
- Figure 97:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, ITALY, 2017 - 2029
- Figure 98:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ITALY, 2022 VS 2029
- Figure 99:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, NETHERLANDS, 2017 - 2029
- Figure 100:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, NETHERLANDS, 2017 - 2029
- Figure 101:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NETHERLANDS, 2022 VS 2029
- Figure 102:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, RUSSIA, 2017 - 2029
- Figure 103:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, RUSSIA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, RUSSIA, 2022 VS 2029
- Figure 105:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, SPAIN, 2017 - 2029
- Figure 106:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, SPAIN, 2017 - 2029
- Figure 107:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SPAIN, 2022 VS 2029
- Figure 108:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, UNITED KINGDOM, 2017 - 2029
- Figure 109:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, UNITED KINGDOM, 2017 - 2029
- Figure 110:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2022 VS 2029
- Figure 111:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF EUROPE, 2017 - 2029
- Figure 112:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF EUROPE, 2017 - 2029
- Figure 113:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF EUROPE, 2022 VS 2029
- Figure 114:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 115:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, MIDDLE EAST, 2017 - 2029
- Figure 116:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 117:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 118:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, MIDDLE EAST, 2017 - 2029
- Figure 119:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
- Figure 120:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 121:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, MIDDLE EAST, 2017 VS 2023 VS 2029
- Figure 122:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, BAHRAIN, 2017 - 2029
- Figure 123:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, BAHRAIN, 2017 - 2029
- Figure 124:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, BAHRAIN, 2022 VS 2029
- Figure 125:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, KUWAIT, 2017 - 2029
- Figure 126:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, KUWAIT, 2017 - 2029
- Figure 127:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, KUWAIT, 2022 VS 2029
- Figure 128:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, OMAN, 2017 - 2029
- Figure 129:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, OMAN, 2017 - 2029
- Figure 130:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, OMAN, 2022 VS 2029
- Figure 131:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, QATAR, 2017 - 2029
- Figure 132:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, QATAR, 2017 - 2029
- Figure 133:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, QATAR, 2022 VS 2029
- Figure 134:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, SAUDI ARABIA, 2017 - 2029
- Figure 135:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, SAUDI ARABIA, 2017 - 2029
- Figure 136:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SAUDI ARABIA, 2022 VS 2029
- Figure 137:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 138:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 139:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED ARAB EMIRATES, 2022 VS 2029
- Figure 140:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF MIDDLE EAST, 2017 - 2029
- Figure 141:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 142:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF MIDDLE EAST, 2022 VS 2029
- Figure 143:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 144:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 145:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 146:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 147:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 148:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 149:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 150:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 151:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 152:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, CANADA, 2017 - 2029
- Figure 153:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 154:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 155:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, MEXICO, 2017 - 2029
- Figure 156:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 157:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 158:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 159:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 160:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 161:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 162:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 163:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, SOUTH AMERICA, 2017 - 2029
- Figure 164:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY DISTRIBUTION CHANNEL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 165:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 166:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 167:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, METRIC TONS, SOUTH AMERICA, 2017 - 2029
- Figure 168:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 169:
- VOLUME SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 170:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
- Figure 171:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, ARGENTINA, 2017 - 2029
- Figure 172:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, ARGENTINA, 2017 - 2029
- Figure 173:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ARGENTINA, 2022 VS 2029
- Figure 174:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, BRAZIL, 2017 - 2029
- Figure 175:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, BRAZIL, 2017 - 2029
- Figure 176:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, BRAZIL, 2022 VS 2029
- Figure 177:
- VOLUME OF TEXTURED VEGETABLE PROTEIN MARKET, METRIC TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 178:
- VALUE OF TEXTURED VEGETABLE PROTEIN MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 179:
- VALUE SHARE OF TEXTURED VEGETABLE PROTEIN MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 180:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2020 - 2023
- Figure 181:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 182:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Textured Vegetable Protein Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- The on-trade channel is the largest distribution segment for the global sales of textured vegetable protein. Nearly 65% of the total value of TVP consumption is met through this channel, and it is expected to become more prominent and register a CAGR of 10.8% by value during the forecast period. In 2021, there were around 79 million vegans around the world. While the trend of veganism is growing, it still covers only 1% of the global population. The number of vegans is estimated to reach a much higher level. This trend will support the TVP market as more restaurants and hotels look forward to offering TVP-based meat substitutes to cater to vegan diets.
- The off-trade channel registered a growth of 28.35% by value during 2017-2022, which was majorly attributable to the development of the supermarkets/hypermarkets channel. The fastest-growing channel for the sales of textured vegetable protein worldwide is the online channel, which is projected to register a CAGR of 15.83% by value during the forecast period. Online retailers are more popular among consumers because they offer various TVP-based products in raw, frozen, and processed forms.
- The growth of the ready-to-cook (RTC) and ready-to-eat (RTE) categories is a major driving force for the online TVP channel, as consumers demand such products due to their busy lifestyles. Only 9.10% by value of the total TVP sold was through the online channel in 2022. This situation is expected to change as the online channel is projected to garner nearly 13.79% of the total market share by 2029. The online channel is a much easier trade channel for companies as it is less capital-intensive, and launching a product is much simpler than in the offline retail segment.
| Distribution Channel | Off-Trade | Convenience Stores | |
| Online Channel | |||
| Supermarkets and Hypermarkets | |||
| Others | |||
| Distribution Channel | On-Trade | ||
| Region | Africa | By Distribution Channel | |
| By Country | Egypt | ||
| Nigeria | |||
| South Africa | |||
| Rest of Africa | |||
| Region | Asia-Pacific | By Distribution Channel | |
| By Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Distribution Channel | |
| By Country | France | ||
| Germany | |||
| Italy | |||
| Netherlands | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East | By Distribution Channel | |
| By Country | Bahrain | ||
| Kuwait | |||
| Oman | |||
| Qatar | |||
| Saudi Arabia | |||
| United Arab Emirates | |||
| Rest of Middle East | |||
| Region | North America | By Distribution Channel | |
| By Country | Canada | ||
| Mexico | |||
| United States | |||
| Rest of North America | |||
| Region | South America | By Distribution Channel | |
| By Country | Argentina | ||
| Brazil | |||
| Rest of South America |
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Market Definition
- Meat Substitutes - It is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat substitutes typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics.
- Tempeh - It is a high protein Asian food prepared by fermenting soybeans with a Rhizopus.
- Textured Vegetable Protein - Food items made from consumable protein sources like soybean, pea, wheat, hemp, etc., are known as textured vegetable proteins. Each unit will withstand hydration during cooking and other processes used in preparing the food for consumption because it has structural integrity and a distinguishable texture.
- Tofu - Tofu is a soft food product prepared by treating soybean milk with coagulants.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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