Global Hydrolyzed Plant Protein Market Overview:
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.
As per latest study released by AMA Research, the Global Hydrolyzed Plant Protein market is expected to see growth rate of 3.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Brolite Products Co. Inc. (United States), Levapan S.A. (Colombia) and McRitz International Corp. (Philippines). Analyst at AMA Research see United States Vendors to retain maximum share of Global Hydrolyzed Plant Protein market by 2030. Considering Market by Form, the sub-segment i.e. Dry Powder will boost the Hydrolyzed Plant Protein market. Considering Market by Source, the sub-segment i.e. Soy will boost the Hydrolyzed Plant Protein market.
Latest Market Insights:
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.
What Can be Explored with the Hydrolyzed Plant Protein Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hydrolyzed Plant Protein Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hydrolyzed Plant Protein
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hydrolyzed Plant Protein market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hydrolyzed Plant Protein market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.