Global Textured Vegetable Protein Market Projected to Reach USD 3.48 Billion by 2034
The global textured vegetable protein (TVP) market was valued at USD 1.80 billion in 2024 and is expected to grow steadily from USD 1.92 billion in 2025, reaching nearly USD 3.48 billion by 2034, registering a CAGR of 6.97% during the forecast period from 2025 to 2034.
Market growth is driven by the rising consumer preference for plant-based diets, fueled by increasing awareness of health and wellness benefits associated with vegetarian and vegan protein sources.
Key trends influencing the TVP market include:
Growing adoption of meat alternatives in retail and foodservice
Rising demand for nutritionally rich plant-based products
Expansion of product offerings by key manufacturers to meet diverse consumer needs
The textured vegetable protein market is set for steady expansion, creating opportunities for manufacturers, retailers, and investors in the evolving plant-based protein sector.
The global textured vegetable protein (TVP) market was valued at USD 1.80 billion in 2024 and is expected to grow steadily from USD 1.92 billion in 2025, reaching nearly USD 3.48 billion by 2034, registering a CAGR of 6.97% during the forecast period from 2025 to 2034.
Market growth is driven by the rising consumer preference for plant-based diets, fueled by increasing awareness of health and wellness benefits associated with vegetarian and vegan protein sources.
Key trends influencing the TVP market include:
Growing adoption of meat alternatives in retail and foodservice
Rising demand for nutritionally rich plant-based products
Expansion of product offerings by key manufacturers to meet diverse consumer needs
The textured vegetable protein market is set for steady expansion, creating opportunities for manufacturers, retailers, and investors in the evolving plant-based protein sector.
Global Textured Vegetable Protein Market Projected to Reach USD 3.48 Billion by 2034 The global textured vegetable protein (TVP) market was valued at USD 1.80 billion in 2024 and is expected to grow steadily from USD 1.92 billion in 2025, reaching nearly USD 3.48 billion by 2034, registering a CAGR of 6.97% during the forecast period from 2025 to 2034. Market growth is driven by the rising consumer preference for plant-based diets, fueled by increasing awareness of health and wellness benefits associated with vegetarian and vegan protein sources. Key trends influencing the TVP market include: Growing adoption of meat alternatives in retail and foodservice Rising demand for nutritionally rich plant-based products Expansion of product offerings by key manufacturers to meet diverse consumer needs The textured vegetable protein market is set for steady expansion, creating opportunities for manufacturers, retailers, and investors in the evolving plant-based protein sector.
