Report ID: UCMIG30H2023
Report ID:
UCMIG30H2023 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Thus during the forecast period, the increasing vegan and flexitarian population is expected to drive the textured vegetable proteins market. In developing regions such as South America and Asia Pacific, increased soy and wheat crop cultivation has augmented the widespread cultivation of soybean and wheat grains across the globe, resulting in the availability of soy and wheat products such as textured vegetable proteins. One of the prime factors driving food and beverage manufacturers towards innovations and developments of meat alternatives, dairy alternatives, and protein nutritional beverage is due to an increase in the vegan population, this has provided a boost to plant-sourced food & beverage. Soy, wheat, and pea are the traditional sources for the extraction of textured vegetable protein.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30H2023