Hydrolyzed Vegetable Protein Market Overview
The Global Hydrolyzed Vegetable Protein Market size reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 5% during the forecast period (2023-2030). Hydrolyzed vegetable protein is a flavor enhancer used in various food products to improve their taste and aroma.
It is derived from various plant sources, such as soy, corn and wheat, through a process called hydrolysis, which breaks down the proteins into smaller components. The resulting hydrolyzed vegetable protein is a powdered or liquid substance that is rich in glutamate and other amino acids, which provide a savory or umami taste to foods.
Hydrolyzed vegetable protein is commonly used in processed and packaged foods, such as snacks, soups, sauces, and seasonings, as a cost-effective alternative to natural flavorings.
Hydrolyzed Vegetable Protein Market Scope and Summary
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Metrics |
Details |
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CAGR |
4.9% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Source, Form, Application and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Europe |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Hydrolyzed Vegetable Protein Market Dynamics and Trends
Increased Demand for Foods With Plant-based Proteins Drives Market Growth
The rising demand for vegan diets and the use of plant proteins in processed foods drive market growth. Plant proteins are preferred by consumers due to the allergies that animal proteins can cause and the substantial amounts of nutrients they contain.
The popularity of plant protein among consumers is also being driven by scientific advancements, a shift in public opinion regarding the safety of animal-based products and more environmentally friendly methods of producing plant protein than animal protein.
Additionally, brands are introducing plant-based protein products in retail and food service chains, putting them in the spotlight as the health and wellness trend continues to grow, which is expected to drive market growth.
Infant Formula is Anticipated to Have a Positive Effect on Market Growth
The use of hydrolyzed vegetable protein in infant formula is anticipated to have a positive effect on market growth due to its ability to improve amino acid absorption and offer the highest nutrient value of any protein. Amino acids are smaller when they are hydrolyzed, which makes them easier for infants to digest and absorb.
Due to this, the demand for hydrolysate protein for infant nutrition has increased in developed nations like the U.S., Canada, Germany, and the U.K. The market is anticipated to expand during the forecast period as more parents choose infant formula for their baby’s nutritional needs.
The Presence of Monosodium Glutamate is an Impediment to Market Expansion
The presence of monosodium glutamate in hydrolyzed vegetable protein induces chest pain, burning sensation in the neck or face, numbness, weakness, headaches and other health issues among individuals, and hence it is a major restraint in market growth.
Hydrolyzed Vegetable Protein Market Segment Analysis
The global hydrolyzed vegetable protein market is segmented based on source, form, application, and region.
Increased Health-conscious Consumers Towards Protein Supplement
The pea segment is anticipated to hold the highest global hydrolyzed vegetable protein market share between 2023-2030. Pea protein hydrolysate is a well-liked protein supplement among athletes, bodybuilders, and health-conscious people because of its high protein content and potential health advantages, such as improved muscle growth, decreased muscle soreness, and lowered blood pressure.
For those looking to improve their general health and athletic performance, it is a desirable option due to its advantages. It is frequently used in sports medicine because it enables better amino acid absorption compared to intact proteins, resulting in the best possible nutrient delivery to muscles. It has health advantages in addition to being free of common allergens like dairy, soy and gluten, making it a safe option for those who have food allergies or sensitivities.
Source: DataM Intelligence Analysis (2023)
Hydrolyzed Vegetable Protein Market Geographical Penetration
Increased Demand for Convenience Foods in Europe
Europe is anticipated to have the fastest growth in the global hydrolyzed vegetable protein market due to a shift in consumer consumption patterns towards convenience food products with rich nutritive profiles and health benefits, as well as a rise in veganism among consumers.
Companies in the European region are aiming their products at consumers by developing novel products that have organoleptic qualities that are similar to those of real meat to have meat substitutes, favoring the market for hydrolyzed vegetable protein.
Source: DataM Intelligence Analysis (2023)
Hydrolyzed Vegetable Protein Companies and Competitive Landscape
The major global players include Ajinomoto Co., Inc., Kerry Group Plc., Aipu Food Industry, Titan Biotech, Cargill Inc., Roquette Frères, DSM, Tate & Lyle, ADM and Griffith Foods.
Key Developments
- In February 2020, Kerry Group announced that it had acquired Pevesa Biotech, a Spanish business that specializes in organic and allergy-free plant protein ingredients for every day, infant and clinical nutrition.
- In Feb 2020, Cargill announced the launch of its plant-based patty and other ground products and these new products are integral products in order to bring more protein-based options to various cafeterias, retail stores, fast food outlets, restaurants and other worldwide locations.
- In December 2019, Roquette Freres launched a novel range of premium plant-based proteins as an alternative to meat at Food Ingredients Europe. The company has launched two new plant-based textured proteins in order to address the rising consumer demand regarding diverse and sustainable improvements in the nutrition and sensory properties of the food.
Why Purchase the Report?
- To visualize the global hydrolyzed vegetable protein market segmentation based on source, form, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of hydrolyzed vegetable protein market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The Global Hydrolyzed Vegetable Protein Market Report Would Provide Approximately 61 Tables, 60 Figures and 121 Pages.
Target Audience 2023
- Manufacturers/Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
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