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 USD 893 million by 2033 is projected for the texturized vegetable protein (TVP) industry in Western Europe, up from USD 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 | USD 585 million |
| Expected Industry Size of Western Europe by 2033 | USD 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 | USD 585 million |
| Projected Industry Valuation by 2033 | USD 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 USD 585 million in 2023.
By 2033, the total value of texturized vegetable protein industry in Western Europe is likely to reach USD 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 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Soy Protein 6.2. Wheat Protein 6.3. Pea Protein 6.4. Rice Protein 6.5. Faba Bean Protein 6.6. Lentil Protein 6.7. Flax Protein 6.8. Chia Protein 6.9. Corn Protein 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Chunks 7.2. Slices 7.3. Flakes 7.4. Granules 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End-Use 8.1. Household 8.2. Industrial 8.2.1. Bakery 8.2.2. Snacks 8.2.3. Ready Meals 8.2.4. Sports Nutrition 8.2.5. Clinical Nutrition 8.2.6. Baby Food 8.2.7. Meat Analogues 8.2.8. Others 8.2.9. Animal Feed & Pet Food 8.3. Commercial 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Process Type 9.1. Dry TVP 9.2. Wet TVP 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 10.1. Direct 10.2. Indirect 10.2.1. Store Based Retailing 10.2.2. Hypermarkets/Supermarket 10.2.3. Convenience Stores 10.2.4. Traditional Grocery Retailers 10.2.5. Food & Drink Speciality 10.2.6. Online Retail 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. UK 11.2. Germany 11.3. Italy 11.4. France 11.5. Spain 11.6. Rest of Western Europe 12. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region (Germany) 14. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region (Italy) 15. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region (France) 16. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region (Spain) 17. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Vestkorn 19.2. Roquette 19.3. Cargill 19.4. Direct Sourcing Ingredients Ltd 19.5. The BakeRite Company 19.6. Forest Whole Foods 19.7. Indigo Herbs 19.8. Gericke 19.9. Leistritz Extrusion Technology 19.10. Beneo 20. Assumptions & Acronyms Used 21. Research Methodology
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Demand and Trend Analysis of Texturized Vegetable Protein in Western Europe
