About Hydrolyzed Vegetable Protein
Hydrolyzed Vegetable Protein (HVP) is produced from advance protein hydrolysis technology. It is created when cereals and legumes, such as soy, wheat, and corn, are boiled in hydrochloric acid. The solution is then neutralized with sodium hydroxide. The resulting liquid is further known as hydrolyzed vegetable proteins. It is a natural plant-based protein product and used to enhance the flavor of many processed foods such as soups, snack foods, veggie burgers, and seasonings and among others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Hydrolyzed Vegetable 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), Kerry Group (Ireland), Tate & Lyle (United Kingdom), Jones-Hamilton Co. (United States), DSM (Netherlands), Diana Group (France), Givaudan (Switzerland), Brolite Products Co. Inc. (United States), Caremoli Group (Italy) 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 McRitz International Corporation (Philippines), Good Food, Inc. (United States), Michimoto Foods Products Co. Ltd. (Japan), Dien Inc. (United States), Griffith Laboratories (United States) and Unitechem Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Hydrolyzed Vegetable Protein market by , Application (Processed Food, Functional Beverage and Others) and Region.
On the basis of geography, the market of Hydrolyzed Vegetable 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Form Type, the sub-segment i.e. Dry Powder will boost the Hydrolyzed Vegetable 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 Vegetable Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
The Rise in Demand for Protein-Rich Natural Ingredients and Clean Labelled Food Products and Increasing Disposable Income and Change in Lifestyle
Restraints:
Negative Symptoms from MSG Consumption
Opportunities:
Growth of Food & Beverage Industry in Asia-Pacific Region
Market Leaders and their expansionary development strategies
In September 2023, Cargill Inc., a global producer of agriculture, food, industrial, and financial products, based in the U.S., announced that it has launched a new soluble hydrolyzed wheat protein in 2013. The protein can be used in a variety of beverages and at the same time, it would offer manufacturers of beverages an opportunity to produce clear protein drinks. Innova, a division of Griffith Laboratories that specializes in developing customized savory and meat flavors for food industry, announced the launch of its latest low-sodium hydrolyzed vegetable
In January 2023, Surthrival announced the launch of a plant-based protein product. The company claimed that the product is the first of its kind as it is foraged from the wild.
Key Target Audience
Hydrolyzed Vegetable Protein Manufacturers, Raw Material Suppliers, Hydrolyzed Vegetable Protein Traders/Distributors, Hydrolyzed Vegetable Protein Importer/Exporter, Regulatory & Government Bodies, End Users 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.