Texturized Vegetable Protein Market Growth Impelled by Consumers Inclination towards Flexitarian Diet: Future Market Insights
*Market players are focusing on boosting the production to fulfil the growing demand for snacks amid the millennial population.*
*DUBAI, UAE / ACCESSWIRE / January 5, 2021 /* As per FMI the global texturized vegetable protein market is poised to expand at a steady CAGR of 4.9% over the projected period, 2018-2028. The growing inclination for meat substitutes directly influences uptake of texturized vegetable proteins, thus supports the market growth. Since these food items offer higher amount of nutrition, inclination for meat alternatives in diet plans is growing, which is a favorable avenue for increased sales.
"Local and regional players in the global market will collaborate with local farmers to guarantee high-quality grains supply. This trend will encourage sales of snack drinks and cereal bars, due to unique multi-sensory attributes of premium-quality grains Additionally, players are focusing on enhancing the proteins blend involving rice and pea to deliver the ideal amount of amino acids, which offers good taste in plant-based products." states the FMI analyst.
*Request a report sample to gain comprehensive market insights at* https://www.futuremarketinsights.com/reports/sample/rep-gb-2747
*Texturized Vegetable Protein Market - Important Highlights*
· Soy segment will remain key beneficiary, by accounting for more than 85.9% revenue share by 2028 end.
· The household category will be lucrative in contrast to food processing industry throughout the forecast period.
· The granules segment will lead amid other forms in the global market.
· North America will be the frontrunner among other regions, however Asia Pacific will growth at a rapid pace during 2018-2028.
*Texturized Vegetable Protein Market - Drivers*
· Increasing adaption of meat substitutes amid the consumers is driving the market.
· Surge in demand among millennials for high-protein snacks is fuelling the market expansion.
· Eco-friendly & economical alternatives to animal-sourced food products is accelerating the uptake of texturized vegetable protein.
· The market is foreseeing high demand as a thickener and flavor enhancer in ready-to-eat food, sauces, snacks, soups, and others.
*For any Queries Linked with the Report, Ask an Analyst@* https://www.futuremarketinsights.com/ask-question/rep-gb-2747
*Texturized Vegetable Protein Market - Restraints*
· Allergies associated with sources of the vegetables such as wheat and soy may pose a threat to the market growth.
· Strict government regulations and concerns over the safety owing to inclusion of genetically modified ingredients is likely to restrain the market expansion.
*COVID-19 Impact on the Market*
The COVID-19 had a positive impact on the texturized vegetable protein market as a result of growing awareness in relation to the healthy lifestyles. The market has foreseen a huge shift in consumers buying pattern with the onset of the pandemic, consumers are seeking for best substitutes for meat products such as texturized vegetable protein. This in turn is bolstering the growth of the market.
*Buy Now@* https://www.futuremarketinsights.com/checkout/2747
*Competitive Landscape*
The global market is characterized by increasing number of regional players in addition to presence of global players. Swelling collaborations with regional players to attain footing in the regional market have been observed.
Key market players identified in the global market are CHS, Inc., Archer Daniels Midland Company, ROQUETTE FRERES S.A., E.I. du Pont de Nemours & Co., MGP Ingredients, Inc., Cargill, Inc., Sotexpro, BENEO GmbH, Sonic Biochem Extractions Limited, Victoria Group, Shandong Yuxin Soybean Protein Co. Ltd., and Crown Soya Protein Group.
*About the Study*
The study offers readers a comprehensive assessment of the texturized vegetable protein market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product type (soy, wheat, and pea), end use (food processing industry {snacks and functional bars, ready meals, meat analogues, meat extender, and others}and household ), form (chunks, slices, flakes, and granules), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
*Explore FMI's Coverage of the Food & Beverage Industry*
Hydrolysed Vegetable Protein Market: Get insights on the hydrolysed vegetable protein market through FMI's report covering detailed quantitative and qualitative analysis for projection period 2017-2027.
Textured milk protein Market: FMI's exhaustive study on the global textured milk protein market covers the latest trends, innovations, key players, and popular strategies for the period 2018-2028.
Pea Protein Market: Obtain detailed analysis on the pea protein market through FMI's report covering competitive analysis, key regions, and segmental analysis for 2019-2026.
*About Future Market Insights*
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
*Contact: *
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
*Report: *https://www.futuremarketinsights.com/reports/texturized-vegetable-protein-market
*Press Release Source:* https://www.futuremarketinsights.com/press-release/texturized-vegetable-protein-market
*SOURCE: *Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/623112/Texturized-Vegetable-Protein-Market-Growth-Impelled-by-Consumers-Inclination-towards-Flexitarian-Diet-Future-Market-Insights