Global Hydrolysed Vegetable Protein Market Report and Forecast 2024-2032

Global Hydrolysed Vegetable Protein Market Outlook

The global hydrolysed vegetable protein market is expected to grow at a CAGR of 4.3% in the forecast period of 2024-2032.

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Increasing Demand in the Food and Beverages Industry to Augment the Hydrolysed Vegetable Protein Industry Growth

Based on type, the food and beverages sector accounts for a significant share in the hydrolysed vegetable protein industry. This can be attributed to the presence of essential amino acids and various other nutrients in hydrolysed vegetable protein, which makes it indispensable in a healthy diet. Meanwhile, the growing applications of hydrolysed vegetable protein in various applications, including animal feed and infant nutrition, and the rising investments in R&D activities are expected to further aid the industry growth.

The Asia Pacific to Provide Enhanced Growth Opportunities to the Hydrolysed Vegetable Protein Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the increasing demand for tastier food items along with higher nutritional value. Furthermore, the advancements in the food processing sector, rapid urbanisation, and increase in purchasing power of the general population are expected to significantly contribute to the industry growth across the region in the coming years.

Hydrolysed Vegetable Protein: Market Segmentation

Hydrolysed vegetable proteins refer to flavour enhancers used in processed foods like soups, gravies, stews, and some meat products like hot dogs. It is also present in some dips and snacks like potato chips and pretzels. It is produced by boiling foods such as soy, corn, or wheat in hydrochloric acid and then neutralising the solution with sodium hydroxide. The acid breaks down the protein in vegetables into their component amino acids.

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By source, the market is divided into:

• Soy
• Rapeseed
• Corn
• Rice
• Pea
• Wheat
• Others

Based on form, the industry can be segmented into:

• Dry Powder
• Liquid
• Paste

The market is divided based on application into:

• Food and Beverages
• Personal Care Products
• Animal Feed
• Infant Nutrition
• Others

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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Rising Health Awareness and the Increasing Demand for Clean Label Food Products to Bolster the Growth of the Hydrolysed Vegetable Protein Industry

In recent years, the general population has become aware of the nutritional benefits of adding protein in their diet and thus are moving towards clean-label food. It increases the nutritional value as it has 8 essential amino acids, which help in growth and recovery.  Additionally, the increasing disposable income has given people the power to buy packaged food items which contain HVP to improve the taste as well as to shun the bad smell of other ingredients. This is further driving the growth of the hydrolysed vegetable protein industry.

Over the forecast period, increasing demand for high protein food products as well as the new product launches are expected to favour the industry growth.

Key Industry Players in the Global Hydrolysed Vegetable Protein Market

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

• Ajinomoto Co.Inc.
• Kerry Inc. 
• Titan Biotech Limited 
• Cargill, Incorporated 
• Archer Daniels Midland Company 
• Roquette Frères 
• Dien Inc. 
• 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