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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

Global Hydrolysed Vegetable Protein Market

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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.

Global Hydrolysed Vegetable Protein Market By Form

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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.

Global Hydrolysed Vegetable Protein Market ByRegion

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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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Form
  • Application
  • Region
Breakup by Source
  • Soy
  • Rapeseed
  • Corn
  • Rice
  • Pea
  • Wheat
  • Others
Breakup by Form
  • Dry Powder
  • Liquid
  • Paste
Breakup by Application
  • Food and Beverages
  • Personal Care Products
  • Animal Feed
  • Infant Nutrition
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ajinomoto Co,. Inc.
  • Kerry Inc.
  • Titan Biotech Limited
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Roquette Frères
  • Dien Inc.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.

The major drivers of the market include the growing awareness of nutritional benefits, increasing disposable incomes and new product launches by key players.

The rising health awareness and the increasing demand for clean label food products are expected to be the key trends guiding the growth of the market.

The sources for hydrolysed vegetable protein available are soy, rapeseed, corn, rice, pea, and wheat, amongst others.

Hydrolysed vegetable protein finds applications as food and beverages, personal care products, animal feed, and infant nutrition, amongst others.

The different forms of hydrolysed vegetable include dry powder, liquid, and paste.

The key players in the global hydrolysed vegetable protein market are Ajinomoto Co,. Inc., Kerry Inc., Titan Biotech Limited, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères, and Dien Inc., amongst others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124