TEXTURED VEGETABLE PROTEIN MARKET ANALYSIS

Key Developments

• In February 2022, MGP Ingredients Inc., a leading provider of specialty proteins and starches, announced that it would build a technologically-advanced extrusion plant to produce its ProTerra line of texturized proteins. The new plant will be located adjacent to the company’s existing Atchison, Kansas, plant. Once online in late 2023, the new extrusion plant is expected to produce up to 10 million pounds of ProTerra per year.
• In 2022, DSM launched the world’s first textured vegetable protein that is a complete protein, soy-free and gluten-free
• In 2021, Archer Daniels Midland Company acquired Sojaprotein, a Serbia-based non-GMO vegetable protein ingredients manufacturer having sales in over 65 countries globally. The acquisition was undertaken to strengthen the former’s production capability in the protein ingredients space and also to gain a strong foothold in Eastern Europe.