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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Principal Consultant
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
