Global Hydrolysed Soy Protein Market Report and Forecast 2024-2032

Global Hydrolysed Soy Protein Market Outlook

The global hydrolysed soy protein market is expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.

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Growing Demand from Major Applications to Contribute to the Hydrolysed Soy Protein Industry Growth

The food and beverage sector significantly contributes to the industry growth owing to the rising demand for flavouring agents. This is supported by the growing consumption of processed foods and changing dietary patterns. Moreover, hydrolysed soy protein has gained considerable respect for its effectiveness as a skin and hair conditioning agent. It is capable of reducing flaking and restoring suppleness and significantly enhances the general appearance and well-being of hair and skin alike. Thus, the growing utilisation of hydrolysed soy protein in the cosmetics and personal care industry is expected to significantly contribute to the market growth in the forecast period.

Region-wise, North America significantly contributes to the industry growth owing to the high consumer purchasing power in the region and the rising demand for convenient food products. The United States, Brazil, and Argentina account for over 80% of the global soy production. Within North America, the United States serves as one of the significant markets for the product.

Hydrolysed Soy Protein: Market Segmentation

Hydrolysed soy protein derives from the soybean plant, also known as glycine max or soya bean. In general, hydrolysed vegetable protein (HVP) is a flavour enhancer utilised in processed foods like soups, sauces, and others. Hydrolysed vegetable protein is obtained by boiling foods such as soy, corn, or wheat in hydrochloric acid (HCl), followed by the neutralisation of the solution using sodium hydroxide. The acid breaks down the large protein molecules present in vegetables into their smaller, component amino acids.

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Based on form, the market is bifurcated into:

• Dry
• Liquid

On the basis of application, the industry can be segmented into:

• Food and Beverage
• Pharmaceutical
• Cosmetics and Personal Care
• Others

The food and beverage segment is further divided into functional foods, bakery and confectionery, meat and meat products, and beverages, among others based on type.

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Thriving Food Industry and the Rising Demand for Processed Foods to Bolster the Hydrolysed Soy Protein Industry Growth

The expansion of the food industry is one of the major factors driving the growth of the hydrolysed soy protein market. There has been an increased demand for hydrolysed soy proteins, especially to prepare food products like soups, gravies, stews, chili, sauces, and some meat products like hot dogs, among others. The escalating consumer disposable incomes and the rising demand for processed and packaged foods are aiding the industry growth. Besides these, the growing per capita expenditure on cosmetics and personal care products is significantly contributing to the industry growth.

Over the forecast period, the rapid technological advancements and the new product launches are expected to have a positive effect on the expansion of the global hydrolysed soy protein industry.

Key Industry Players in the Global Hydrolysed Soy Protein Market

The report gives a detailed analysis of the following key players in the global hydrolysed soy protein industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• DuPont de Nemours, Inc.
• A. Costantino & C. spa
• Titan Biotech Limited
• Chaitanya Biologicals Private Limited
• Vinayak Ingredients (India) Pvt. Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report