Hydrolyzed Vegetable Protein Market Growth & Forecast [2031]

Segments - Hydrolyzed Vegetable Protein Market by Forms (Dry Powder, Liquid, and Paste), Applications (Food and Beverages [Snack Foods, Bakery, Soups, Sauces, Dressings, Beverages, Meat & Meat Products, and Others], Personal Care Products, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

Hydrolyzed Vegetable Protein Market Outlook 2031

The global hydrolyzed vegetable protein market size was USD 1.50 Billion in 2022 and is projected to reach USD 2.43 Billion by 2031 expand at a substantial CAGR 5.5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing demand for protein-based diet.

Hydrolyzed vegetable protein (HVP) is utilized for a long time to give meat-like texture to food items. The hydrolysis of protein prompts high level of glutamic acid. Acid or chemical hydrolysed vegetable protein are two types of (HVP). The former type uses hydrochloric acid at high temperature during the manufacturing process.

This process leads to the formation of a potential cancer-causing compound, which reduces the amount of HVP in process flavouring. However, manufacturers with innovative manufacturing process can remove cancer causing substance effectively.

The two types of HVP have distinguished properties. The acidic HVP has a hazier shading and enhanced meaty flavor. On the other hand, the chemical HVP is lighter tone with a less meaty flavour. The issue of carcinogenic substance formation during the hydrolysis method, has encouraged Europe-based manufacturers are using yeast extract.

Hydrolyzed Vegetable Protein Market Trends, Drivers, Restraints, and Opportunities

Rising consumer awareness regarding plant based nutritious protein is anticipated to drive the market growth.
Increased adoption of hydrolyzed proteins by food manufacturers to enhance taste of food items such as soup and pasta is estimated to upheld the growth in the projected timeline.
The presence of monosodium glutamate in hydrolyzed vegetable protein can induce chest pain and burning sensation on face. Such side effects can restrict the development of the market.
Stringent government regulations on food quality can hamper the market growth.
Growing demand for processed food products among consumers can create lucrative opportunity during the forecast period.

Scope of The Hydrolyzed Vegetable Protein Market Report

The report on the global hydrolyzed vegetable protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Hydrolyzed Vegetable Protein Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Forms (Dry Powder, Liquid, and Paste), Application (Food and Beverages [Snack Foods, Bakery, Soups, Sauces, Dressings, Beverages, Meat & Meat Products, and Others], Personal Care Products and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Tate & Lyle PLC; AAjinomoto Co,. Inc.; Griffith Foods Inc.; Titan Biotech Limited; and Dien, Incorporated

Hydrolyzed Vegetable Protein Market Segment Insights

Paste segment is expected to grow at a rapid pace

Based on forms, the market is divided into dry powder, liquid, and paste. The paste segment is expected to grow at a rapid pace during the forecast period due to easy transportation and can be utilized in other food products.

Hydrolyzed Vegetable Protein Market Forms

Food & beverages segment is projected to expand at a considerable CAGR

On the basis of application, the market is segregated into food and beverage, personal care products and others. The food & beverages segment is further segmented into snack foods, bakery, soups, sauces, dressings, beverages, meat & meat products, and others. The afore-mentioned segment is projected to expand at a considerable CAGR during the forecast period due to increasing consumption of processed food products.

Hydrolyzed Vegetable Protein Market Applications

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the hydrolyzed vegetable protein market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period due to rising demand for processed food products in emerging countries such as China and India. Growing per capita income and population of these countries is further expected to spur the market growth in Asia Pacific.

Hydrolyzed Vegetable Protein Market Region

Segments

The hydrolyzed vegetable protein market has been segmented on the basis of

Forms

Dry Powder
Liquid
Paste

Applications

Food and Beverage
- Snack Foods
- Bakery
- Soups
- Sauces
- Dressings
- Beverages
- Meat & Meat Products
- Others
Personal Care Products
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Tate & Lyle PLC
AAjinomoto Co,. Inc.
Griffith Foods Inc.
Titan Biotech Limited
Dien, Incorporated

Competitive Landscape

Key players competing in the hydrolyzed vegetable protein market are Tate & Lyle PLC; AAjinomoto Co,. Inc.; Griffith Foods Inc.; Titan Biotech Limited; and Dien, Incorporated.

Major players are focusing on development of low sodium hydrolysed food while some of them are engaging in production of hydrolysed wheat protein.

Hydrolyzed Vegetable Protein Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrolyzed Vegetable Protein Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hydrolyzed Vegetable Protein Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hydrolyzed Vegetable Protein Market - Supply Chain
  4.5. Global Hydrolyzed Vegetable Protein Market Forecast
     4.5.1. Hydrolyzed Vegetable Protein Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hydrolyzed Vegetable Protein Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Hydrolyzed Vegetable Protein Market Absolute $ Opportunity
5. Global Hydrolyzed Vegetable Protein Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
6. North America Hydrolyzed Vegetable Protein Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
7. Latin America Hydrolyzed Vegetable Protein Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
8. Europe Hydrolyzed Vegetable Protein Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
9. Asia Pacific Hydrolyzed Vegetable Protein Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
10. Middle East & Africa Hydrolyzed Vegetable Protein Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Hydrolyzed Vegetable Protein Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Hydrolyzed Vegetable Protein Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Hydrolyzed Vegetable Protein Market: Market Share Analysis
  11.2. Hydrolyzed Vegetable Protein Distributors and Customers
  11.3. Hydrolyzed Vegetable Protein Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Tate & Lyle PLC AAjinomoto Co,. Inc. Griffith Foods Inc. Titan Biotech Limited Dien, Incorporated