Textured Vegetable Protein: Economical & environment-friendly substitute to animal sourced food products

The textured vegetable protein market is estimated to be valued at USD 1.1 billion in 2020 and is projected to reach USD 1.5 billion by 2025, recording a CAGR of 6.2%, in terms of value. The growing demand for meat alternatives, as well as the increase in heath awareness among consumers are propelling the demand of textured vegetable protein. 

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Opportunities: Economical & Environment-friendly substitute to animal sourced food products

Considering the growing health awareness among consumers, various food products such as meat patties and sausages are being replaced by plant-based/plant-infused meat products, which is expected to have a positive impact on the demand for plant-based protein. According to The Food Science and Health Database Organization, in 2018, “22 million UK citizens now identify as being a ‘flexitarian,’ viewed not as a fad diet, but a permanent lifestyle choice, notably most popular among highly influential millennials.” Thus, the increasing vegan and flexitarian population is projected to drive the textured vegetable protein market during the forecast period. Increased soy and wheat crop cultivation in developing regions such as South America and Asia Pacific has augmented the widespread cultivation of soybean and wheat grains across the globe, resulting in the availability of soy and wheat products such as textured vegetable proteins.

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Beyond Meat (US) has been working to bring down the price of its meat substitute products, currently made primarily with wheat and pea proteins, by shifting toward including less expensive ingredients such as lupin and sunflower seeds. On the manufacturing side, vegan brand Rebellyous Foods (US) aims to reduce the price of all plant-based meat products with its high-capacity production methods, which it uses to make its meat alternatives and plans to offer their license to other manufacturers by help them produce economical animal-free food products.


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