The global texturized vegetable protein market is projected to expand at a CAGR of 4.9% during the period of forecast, 2018-2028.
Albany, NY -- (SBWIRE) -- 11/01/2018 -- Growing aversion for meat-based food products has reflected favorably towards adoption of plant based protein sources, thus contributing towards the growth of texturized vegetable protein market. Additionally, mounting awareness on animal welfare is also accounted as a major growth initiator in texturized vegetable protein market. A new business intelligence report titled, 'Texturized Vegetable Protein Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028' included in the fast expanding database of Market Research Reports Search Engine (MRRSE) evaluates ongoing market developments and their reciprocal impact on the growth of texturized vegetable protein market.
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Increased Production Capacity Remain at the Fore amongst Key Vendors
As demands for sustainable food sources remain high, scope of growth for texturized plant protein such as protein obtained from soy and peas have exhibited robust adoption, thus encouraging manufacturers to bank upon innovative growth strategies to sustain stiff competition. Based on core research findings enumerated in the report, leading vendors in texturized vegetable protein market are increasingly relying on increased production capabilities as well as product enhancements such as nutrient fortification to remain preferred choices amongst end-users. Additionally, manufacturers are also akin on introducing consumer friendly forms and formats, pacing up with evolving consumption patterns.
Soy Protein Accounted as the Largest Contributor to Revenue Maximization in Texturized Vegetable Protein Market
This report on texturized vegetable protein market is a comprehensive handbook of pertinent market drivers, restraints, and business opportunities based on which market players and aspiring new entrants can deliver well-informed investment decisions. The report sheds light on prevailing market segments that shape the growth curve of texturized vegetable protein market. In this section, readers are enlightened about potential market segments such as product type, form, end-use, and distribution network as core market segments. Based on product type, texturized vegetable protein market is classified into soy, wheat, and pea. On the basis of form, texturized vegetable protein market exhibits chunks, granules, flakes, slices as dominant forms. By end-use the market is bifurcated as household, commercial, and industrial. Industrial segment in texturized vegetable protein market is further sun-segmented as food industry and animal feed and pet food. Food industry is further classified as snacks, functional bars, ready meals, meat analogues and extenders. By distribution, texturized vegetable protein market is splintered into direct and indirect. Indirect segment is diversified into supermarkets, convenience stores, online stores amongst others.
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Asia-Pacific Likely to Harbor Dominance in Texturized Vegetable Protein Market with Increased Revenues
Besides above segments, this report on texturized vegetable protein market is demarcated into several regions such as Eastern and Western Europe, North America, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East and Africa.
Competition Deep-Dive: Texturized Vegetable Protein Market
Thorough research elements gleaned in the report allow readers to gauge winning business strategies implemented by leading market players across regions and their subsequent implication son consumer response in terms of their buying preferences and subsequent buying discretion. Some of the noted players identified in texturized vegetable protein market include, CHS, Inc., Archer Daniels Midland Company, Cargill, Inc., Sotexpro, and Victoria Group amongst others.
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