The global hydrolysed vegetable protein market size is expected to be valued at 927 MN USD by 2027 at a CAGR of 5.4%.
Forecasts and analyses at both the regional and worldwide levels are covered in the report on the global hydrolyzed vegetable protein market. The market, competition, new trends, opportunities, and industry-validated market data are all fully valued in the study report. Important data from 2016–2018, as well as an evaluation from 2019–2026 based on revenue (USD Million) and volume (Tonnes), are provided in the study paper.
A flavour enhancer used in processed foods such sauces, soups, gravies, and some meat items is hydrolyzed vegetable protein. Foods including corn, soy and wheat are boiled in hydrochloric acid to generate it, then the acid is neutralised with sodium hydroxide. Protein that has been hydrolyzed is the reaction's byproduct. Over the course of the projection period, it is expected that the global market for hydrolyzed vegetable protein would develop at a significant rate. This is explained by rising consumer knowledge of plant-based protein components and strong demand from a range of applications, such as convenience foods and processed foods. Additionally, the market is growing at a faster rate due to consumers' growing preference for plant-based protein over animal-derived protein. Conversely, the availability of substitutes like protein isolates and concentrations.
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Hydrolysed Vegetable Protein Market: Segmentation
The global market for hydrolyzed vegetable protein is divided into categories based on the raw material, including maize, soy, wheat, rice, pea, and others. In terms of revenue, the soy segment held the highest proportion in 2018. Soy and other specific plants are hydrolyzed to produce hydrolyzed soy protein. Because hydrolyzed soy protein has a high salt content and is utilised as a flavour enhancer in soups, seasonings, sauces, and snacks, the market is predicted to remain dominant over the forecast period.
Three industries make up the global market for hydrolyzed vegetable protein: food and beverage, cosmetic and personal care, and pharmaceutical. The food and beverage industry contributes the largest market share and is expected to develop at a spectacular rate over.
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Hydrolysed Vegetable Protein Market: Competitive Space
The hydrolysed vegetable protein market is highly merged with major players including
- Archer Daniels Midland Company
- Symrise AG
- Tate & Lyle Plc
- Dohler GmbH
- Sensient Technologies Corporation
- Exter B.V
- Ingredients
- Inc.
- Cargill Inc.
- Kerry Group Plc
- Givaudan SA
- and others.
The major approaches implemented by these leading companies in the market are new product launches, key developments, mergers & acquisitions, and collaborations. These companies are focusing more on investment in partnerships, expansions, and innovations to increase their market share.
This report segments the global hydrolyzed vegetable protein market as follows:
Raw Material Segment Analysis
- Soy
- Corn
- Wheat
- Pea
- Rice
- Others
By Form Segment Analysis
- Powder & Granules
- Paste
- Liquid
By End-Use Segment Analysis
- Food & Beverage Industry
- Cosmetic & Personal Care Industry
- Pharmaceutical Industry
Global Hydrolyzed Vegetable Protein Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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