About Hydrolyzed Plant Protein
Hydrolyzed plant protein is defined as the flavor enhancer which is widely used in processed foods. It is also known as HVP. It is produced by numerous boiling foods such as wheat, corn or soy in hydrochloric acid and then broken down into amino acids. Increasing usage of Hydrolyzed vegetable protein in various application such as food products & functional beverages and increasing awareness among consumer regarding the benefit of hydrolyzed vegetable protein will, in turn, propel the growth of hydrolyzed vegetable Plant market.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 3.8% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hydrolyzed Plant Protein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ajinomoto Co. Inc. (Japan), Koninklijke DSM N.V. (Netherland), Tate & Lyle, Inc. (United Kingdom), Givaudan (Switzerland), Kerry Group plc (Ireland), Jones-Hamilton Co. (United States), Diana Group Srl (Italy), Good Food, Inc. (United States), Caremoli USA Inc. (United States) and Astron Chemicals S.A. (Greece) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Brolite Products Co. Inc. (United States), Levapan S.A. (Colombia) and McRitz International Corp. (Philippines).
Segmentation Overview
AMA Research has segmented the market of Global Hydrolyzed Plant Protein market by , Application (Food and Beverages, Cosmetic & Personal Care, Sports Nutrition, Infant Nutrition, Animal Feed and Others) and Region.
On the basis of geography, the market of Hydrolyzed Plant Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Dry Powder will boost the Hydrolyzed Plant Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Soy will boost the Hydrolyzed Plant Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Plant-Based Ingredients in Cosmetic Products
Market Growth Drivers:
Increase in Awareness and Strict Policies for HVP process and High Demand from the Various Application Segments such as Food Products
Challenges:
Highly Presence of Alternatives of Vegetable Protein Ingredient Forms
Opportunities:
Augmented Application of Hydrolyzed Soy Proteins in Cosmetic Products and Rising Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In February 2020, Kerry Group acquired Pevesa Biotech, a Spanish company specializing in non-allergenic and organic plant protein ingredients. This acquisition is expected to expand Kerry's position in the hydrolyzed plant protein space.
In June 2023, Synthite launched Just Plants, a plant-based dairy alternative, and Plotein, a plant-based protein drink powder, in a joint venture with the Indian Institute of Science (IISc) and PMEDS, a US-based nutraceutical company.
According to European law, wheat and soy are subject to allergen labelling in terms of Regulation (EU) 1169/2011 on food information to consumers. Since wheat and soy used for the production of hydrolyzed vegetable protein are not exempted from allergen labelling for formal reasons, the hydrolyzed vegetable protein produced by using those raw materials has to be labelled with a reference to wheat or soy in the list of ingredients. Hence, it may act hamper for market growth.
Key Target Audience
Manufacturers of Hydrolyzed Plant Protein, Suppliers of Hydrolyzed Plant Protein, Wholesalers, Distributors and Retailers of Hydrolyzed Plant Protein, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.