Textured Vegetable Protein Market

The Textured Vegetable Protein (TVP) market encompasses plant-based meat alternatives derived from sources like soy and peas, processed into various forms. Key customers include B2B clients such as food manufacturers, restaurants, and catering services, as well as end-consumers, particularly those following vegan, vegetarian, or health-conscious diets. Market growth is primarily propelled by government support for plant-based foods, technological advancements improving product taste and texture, and rising consumer demand for environmentally sustainable protein sources.

CAGR

9.6%

Compound Annual Growth Rate

Current Value

$2.04B

Estimated 2026

Projected Value

$4.25B

By 2034

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