The PRNewswire release says growth is being driven by plant-based foods, hybrid meat formulations and industrial demand for cost-efficient protein ingredients, with soy protein projected to hold 64.5% of the 2026 market.
Future Market Insights said the global texturized vegetable protein market is projected to grow from USD 1.7 billion in 2026 to USD 3.1 billion by 2036, representing a 6.2% compound annual growth rate over the forecast period. The firm said demand is rising as food manufacturers seek lower-cost alternatives to animal protein that can preserve texture, hydration and nutritional performance across large-scale production. FMI said industrial food manufacturers remain the largest users of texturized vegetable protein because dry protein ingredients simplify storage, improve manufacturing efficiency and provide consistent product quality. Soy protein is expected to dominate with a 64.5% market share in 2026, while granules are projected to account for 34.5% by form, industrial end use 78.5% of demand, meat extenders 41.0% by application, and conventional products 87.0% by nature. The report said market expansion is being supported by the growth of plant-based foods and meat alternatives, broader use of meat extenders and hybrid meat products, and efforts by processors to reduce exposure to volatile animal protein prices. It also highlighted innovation in extrusion technology and alternative proteins, citing Cargill's TEX PW80 M pea-and-wheat protein solution and recent research into faba bean protein processing. India is forecast to be the fastest-growing market at a 6.7% CAGR through 2036, while Japan is projected to grow at 5.8%.