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Global Hydrolysed Vegetable Protein Market to Rise at a CAGR of 4.3% During 2022-2027, Aided by the Increasing Consumer Preference for Point of Care Testing

According to a new report by EMR titled, ‘Global Hydrolysed Vegetable Protein Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 4.3% in the forecast period of 2022-2027.

The global hydrolysed vegetable protein industry is driven by an increase in purchasing power and the need for convenience among the general population across the globe. The increasing awareness regarding clean-label food has significantly boosted the industry's growth. The enhanced taste is also supporting the market. In developing countries like China, the over-reliance on highly nutritious food has contributed substantially to the market expansion. The increased penetration of the major companies in the region is also aiding the industry's growth. Meanwhile, the Middle East and Africa are expected to account for a relatively small market share in the forecast period due to the lack of consumer awareness regarding hydrolysed vegetable protein.

The rising focus of the leading players on expanding their presence across the key developing markets and strengthening their distribution channel is expected to boost the industry growth over the forecast period significantly. Ajinomoto Inc. (TYO: 2802) is one of the leading players in the industry. In addition, the company recently launched a nutritional supplement company in Ireland. Such developments are expected to influence market growth over the forecast period positively.

Market Breakup by Source, Form, Application, and Region:

  • The market is bifurcated based on source into soy, rapeseed, corn, rice, pea, and wheat, among others.
  • On the basis of form, the market can be divided into dry powder, paste, and liquid.
  • Based on application, the market is segmented into food and beverages, personal care products, animal feed, and infant nutrition, among others.
  • The regional markets for hydrolysed vegetable protein can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The global market for hydrolysed vegetable protein is driven by the growing consumer demand for tastier and healthier food products.
  • The growing awareness of clean label foods has significantly contributed to the market expansion.
  • The rising awareness about the importance of fitness and healthy diets provides an impetus to market growth.
  • With the outbreak of the COVID-19 pandemic, the market is expected to witness robust growth owing to the increasing awareness of clean label foods.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hydrolysed vegetable protein for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the source, form, application, and region of hydrolysed vegetable protein.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hydrolysed vegetable protein market include Ajinomoto Co.Inc., Kerry Inc., Titan Biotech Limited, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères, and Dien Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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