Western Europe is expected to generate a high demand for textured vegetable protein. The region is likely to experience a CAGR of 4.3% through 2033 for textured vegetable protein. An expected valuation of US$ 893 million by 2033 is projected for the texturized vegetable protein (TVP) industry in Western Europe, up from US$ 585 million in 2023.
The food industry is continually creating various plant-based products to enhance their visual appeal and versatility. Manufacturers could attribute the increase in demand for TVP products to the development of products with improved taste.
The promotion of plant-based diets through government policies and marketing campaigns is likely to further boost consumer demand for TVP in Western Europe. Consumers in Western Europe are becoming increasingly concerned about the presence of allergens and genetically modified organisms (GMOs). Producing TVP can lead to long-term partnerships between TVP producers and food manufacturers, as these companies can develop customized solutions to meet the product needs of food manufacturers.
| Attributes | Details |
|---|---|
| Industry Size of Western Europe in 2023 | US$ 585 million |
| Expected Industry Size of Western Europe by 2033 | US$ 893 million |
| Forecasted CAGR between 2023 to 2033 | 4.3% |
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In 2023, soy protein dominates with a 69.7% industry share by product type. On the other hand, in the current industry landscape, granules stand out as the favored form of textured vegetable protein. They maintain their lead in 2023 by accounting for a 33.1% share.
| Category | Industry Share in 2023 |
|---|---|
| Soy Protein by Product Type | 69.7% |
| Texturized Vegetable Protein Granules by Form | 33.1% |
Defatted soy flour serves as the primary ingredient for producing soy-based textured vegetable protein (TVP). As long as soy remains cost-effective and maintains its high nutritional value, it is projected to continue to drive demand. Ongoing innovations in soy flavors and increased research and development activities are expected to bolster demand further. The increasing popularity of vegan diets and growing awareness of vegan products are poised to enhance future demand.
Preference for granule-based textured vegetable protein is attributed to the increasing demand for products with extended shelf life and sustainable manufacturing practices. This is expected to persist and even grow in the years ahead.
Within the animal food industry, there is a burgeoning demand for vegetable protein granules that boast rich flavors and a distinctive texture. Industry experts anticipate a substantial increase in the industry's appetite for these specialized vegetable protein granules, reflecting a growing recognition of their nutritional value and versatility in animal nutrition. This trend underscores a shifting preference toward sustainable and plant-based alternatives in the broader context of animal nutrition.
As the leading producer of texturized vegetable protein in Western Europe, the United Kingdom holds a significant industry share. The demand is expected to expand at a 5.4% CAGR during the forecast period. Germany is expected to lead the industry with a growing number of health-conscious consumers in the coming years. Through 2033, the industry is predicted to expand at a CAGR of 4.0%. The surge in demand for plant-derived products and heightened awareness of animal welfare are expected to result in increased utilization of texturized vegetable protein. France is estimated to exhibit a CAGR of 5.9% over the next decade.
| Countries | CAGR from 2023 to 2033 |
|---|---|
| The United Kingdom | 5.4% |
| Germany | 4.0% |
| France | 5.9% |
A large percentage of textured vegetable protein consumed in Western Europe comes from the United Kingdom. The proliferation of outlets offering meat substitutes, including textured vegetable protein, has facilitated the industry's expansion. This growth is further propelled by an escalating awareness of health-conscious dietary choices and the adoption of vegan lifestyles. These are contributing to a marked surge in demand for these products.
Plant-based foods and veganism have gained popularity with Gen Z, who are eager to try out new ways of living. Consequently, this has significantly bolstered the demand for texturized vegetable protein in the United Kingdom.
TVP is actively promoted as a nutritious food option. As individuals increasingly seek alternatives to conventional meat products in the country, considerations of health and sustainability are expected to be crucial in driving the demand for TVP. The innovative landscape of food products in Germany, coupled with a strong demand for delectable culinary experiences, is anticipated to result in a surge in sales.
TVP products are also likely to soon be more readily available in supermarkets and restaurants, potentially exerting a positive influence on product demand. It has become increasingly common for retailers and food service providers to offer plant-based options as part of their product offerings.
The rising adoption of pets and the awareness of pet health are set to be persistent drivers of demand for pet products, including TVP-based products. Additionally, growing awareness of plant-based foods and demand for gut health are anticipated to drive growth in the texturized vegetable protein industry in this country over the next few years.
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In recent years, the plant-based protein industry has experienced rapid growth, leading to the emergence of numerous new companies. Many of these companies are now providing alternatives to traditional sources of protein, such as soy, milk, and meat, by leveraging pea, wheat, and other plant-based protein sources. The consumer bases of companies in these emerging industries are being expanded through partnerships and acquisitions.
There is a noticeable upward trend in the demand for organic products in the industry. Companies involved in the manufacturing of textured vegetable protein could face formidable challenges in innovation, rigorous research and development, and the enhancement of TVP quality. These challenges necessitate concerted efforts and strategic initiatives to stay competitive in this evolving industry.
Recent Developments Observed in Western Europe Texturized Vegetable Protein Industry:
| Attributes | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 585 million |
| Projected Industry Valuation by 2033 | US$ 893 million |
| Value-based CAGR 2023 to 2033 | 4.3% |
| Historical Analysis of the Texturized Vegetable Protein in Western Europe | 2018 to 2022 |
| Demand Forecast for Texturized Vegetable Protein in Western Europe | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Texturized Vegetable Protein in Western Europe Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers |
| Key Cities Analyzed While Studying Opportunites in Texturized Vegetable Protein in Western Europe | Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordic, Rest of Western Europe |
| Key Companies Profiled | ADM (Archer Daniels Midland Company); Cargill; DuPont; Kerry Group; Soyuzprodimport; Roquette Freres; Emsland Group; Kerry Ingredients; The Scoular Company; Aviom Foods |
Sales of texturized vegetable protein in Western Europe are valued at US$ 585 million in 2023.
By 2033, the total value of texturized vegetable protein industry in Western Europe is likely to reach US$ 893 million
A 4.3% CAGR is expected for texturized vegetable protein industry in Western Europe from 2023 to 2033
Texturized vegetable protein in granule form are widely used in Western Europe.
Plant-based, health-conscious, and sustainable diet shifts drive TVP demand in Western Europe.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Nature, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Nature, 2023 to 2033 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033 6.3.1. Soy Protein 6.3.1.1. 10-40% Protein 6.3.1.2. 40-50% Protein 6.3.1.3. 50-65% Protein 6.3.1.4. 70-90% Protein 6.3.2. Wheat Protein 6.3.2.1. 10-40% Protein 6.3.2.2. 40-50% Protein 6.3.2.3. 50-65% Protein 6.3.2.4. 70-90% Protein 6.3.3. Pea Protein 6.3.3.1. 10-40% Protein 6.3.3.2. 40-50% Protein 6.3.3.3. 50-65% Protein 6.3.3.4. 70-90% Protein 6.3.4. Rice Protein 6.3.5. Faba Bean Protein 6.3.6. Lentil Protein 6.3.7. Flax Protein 6.3.8. Chia Protein 6.3.9. Corn Protein 6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033 7.3.1. Chunks 7.3.2. Slices 7.3.3. Flakes 7.3.4. Granules 7.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End-Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By End-Use, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By End-Use, 2023 to 2033 8.3.1. Household 8.3.2. Industrial 8.3.2.1. Bakery 8.3.2.2. Snacks 8.3.2.3. Ready Meals 8.3.2.4. Sports Nutrition 8.3.2.5. Clinical Nutrition 8.3.2.6. Baby Food 8.3.2.7. Meat Analogues 8.3.2.8. Others 8.3.2.9. Animal Feed & Pet Food 8.3.3. Commercial 8.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Process Type 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Process Type, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Process Type, 2023 to 2033 9.3.1. Dry TVP 9.3.2. Wet TVP 9.4. Y-o-Y Growth Trend Analysis By Process Type, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By Process Type, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Distribution Channel, 2018 to 2022 10.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Distribution Channel, 2023 to 2033 10.3.1. Direct 10.3.2. Indirect 10.3.2.1. Store Based Retailing 10.3.2.2. Hypermarkets/Supermarket 10.3.2.3. Convenience Stores 10.3.2.4. Traditional Grocery Retailers 10.3.2.5. Food & Drink Speciality 10.3.2.6. Online Retail 10.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 10.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Introduction 11.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Country, 2018 to 2022 11.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Country, 2023 to 2033 11.3.1. UK 11.3.2. Germany 11.3.3. Italy 11.3.4. France 11.3.5. Spain 11.3.6. Rest of Western Europe 11.4. Market Attractiveness Analysis By Country 12. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Region 12.2.1.1. England 12.2.1.2. Scotland 12.2.1.3. Wales 12.2.1.4. Northern Ireland 12.2.2. By Nature 12.2.3. By Product Type 12.2.4. By Form 12.2.5. By End-Use 12.2.6. By Process Type 12.2.7. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Nature 12.3.3. By Product Type 12.3.4. By Form 12.3.5. By End-Use 12.3.6. By Process Type 12.3.7. By Distribution Channel 12.4. Key Takeaways 13. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Region 13.2.1.1. North-east (Germany) 13.2.1.2. North-west (Germany) 13.2.1.3. Central (Germany) 13.2.1.4. South (Germany) 13.2.1.5. Other(Germany) 13.2.2. By Nature 13.2.3. By Product Type 13.2.4. By Form 13.2.5. By End-Use 13.2.6. By Process Type 13.2.7. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Nature 13.3.3. By Product Type 13.3.4. By Form 13.3.5. By End-Use 13.3.6. By Process Type 13.3.7. By Distribution Channel 13.4. Key Takeaways 14. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Region 14.2.1.1. North (Italy) 14.2.1.2. Central (Italy) 14.2.1.3. South (Italy) 14.2.1.4. Islands (Italy) 14.2.2. By Nature 14.2.3. By Product Type 14.2.4. By Form 14.2.5. By End-Use 14.2.6. By Process Type 14.2.7. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Region 14.3.2. By Nature 14.3.3. By Product Type 14.3.4. By Form 14.3.5. By End-Use 14.3.6. By Process Type 14.3.7. By Distribution Channel 14.4. Key Takeaways 15. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 15.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Region 15.2.1.1. Northern (France) 15.2.1.2. Central (France) 15.2.1.3. Southern (France) 15.2.1.4. Eastern (France) 15.2.2. By Nature 15.2.3. By Product Type 15.2.4. By Form 15.2.5. By End-Use 15.2.6. By Process Type 15.2.7. By Distribution Channel 15.3. Market Attractiveness Analysis 15.3.1. By Region 15.3.2. By Nature 15.3.3. By Product Type 15.3.4. By Form 15.3.5. By End-Use 15.3.6. By Process Type 15.3.7. By Distribution Channel 15.4. Key Takeaways 16. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 16.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Region 16.2.1.1. Basque Country 16.2.1.2. Andalusia 16.2.1.3. Extremadura 16.2.1.4. Catalonia 16.2.1.5. Valencia 16.2.1.6. Rest of Spain 16.2.2. By Nature 16.2.3. By Product Type 16.2.4. By Form 16.2.5. By End-Use 16.2.6. By Process Type 16.2.7. By Distribution Channel 16.3. Market Attractiveness Analysis 16.3.1. By Region 16.3.2. By Nature 16.3.3. By Product Type 16.3.4. By Form 16.3.5. By End-Use 16.3.6. By Process Type 16.3.7. By Distribution Channel 16.4. Key Takeaways 17. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 17.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 17.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 17.2.1. By Nature 17.2.2. By Product Type 17.2.3. By Form 17.2.4. By End-Use 17.2.5. By Process Type 17.2.6. By Distribution Channel 17.3. Market Attractiveness Analysis 17.3.1. By Nature 17.3.2. By Product Type 17.3.3. By Form 17.3.4. By End-Use 17.3.5. By Process Type 17.3.6. By Distribution Channel 17.4. Key Takeaways 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Nature 18.3.3. By Product Type 18.3.4. By Form 18.3.5. By End-Use 18.3.6. By Process Type 18.3.7. By Distribution Channel 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Vestkorn 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Roquette 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Cargill 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. Direct Sourcing Ingredients Ltd 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. The BakeRite Company 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. Forest Whole Foods 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. Indigo Herbs 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Gericke 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Leistritz Extrusion Technology 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 19.1.10. Beneo 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.10.5.2. Product Strategy 19.1.10.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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Demand and Trend Analysis of Texturized Vegetable Protein in Western Europe
