Hydrolysed Vegetable Protein Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 2.90 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
As we look at the market outlook from 2023 to 2033, the demand for Hydrolysed Vegetable Protein is expected to continue its upward trajectory. Experts predict an accelerated shift toward plant-based ingredients across multiple sectors, particularly in regions like North America and Europe, where plant-based food adoption is high. As the global population grows and more people lean toward sustainable dietary habits, the market for HVP is forecast to expand exponentially. One of the key factors contributing to this demand is the rising awareness of the environmental impacts of animal agriculture, prompting consumers to opt for plant-based solutions.
In the food and beverage industry, HVP is gaining significant traction due to its versatility. It is commonly used in snacks, sauces, soups, and ready-to-eat meals, enhancing flavor profiles without the addition of synthetic additives. The increasing focus on reducing sodium levels in food products has further bolstered the use of HVP, as it provides an excellent substitute for traditional salt-based flavoring. Moreover, as consumers become more health-conscious, the popularity of protein-enriched products is rising, contributing to the growing demand for HVP in nutritional supplements and functional foods.
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The Hydrolysed Vegetable Protein (HVP) market has experienced steady growth from 2018 to 2022, driven by increasing demand for plant-based protein sources in various food products. During this period, HVP found significant applications in the food and beverage industry, animal feed, and nutritional supplements. The surge in vegan and vegetarian diets, along with a growing preference for cleaner, more sustainable protein options, has propelled the market forward. With the health-conscious consumer shifting away from animal-derived proteins, HVP’s benefits such as easy digestibility and high amino acid content made it an attractive alternative in the protein market.
Givaudan
Kerry
Cargill
Ingredient
Exter
Sensient
Dohler
Tate & Lyle
Symrise
Archer Daniels Midland
Koninklijke
Innova
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydrolysed Vegetable Protein Market
Food & Beverages Industry
Cosmetic & Personal Care Industry
Pharmaceutical Industry
Based on Types the Market is categorized into Below types that held the largest Hydrolysed Vegetable Protein market share In 2023.
Soy
Corn
Wheat
Pea
Rice
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydrolysed Vegetable Protein Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydrolysed Vegetable Protein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydrolysed Vegetable Protein Market, By Type
6. Global Hydrolysed Vegetable Protein Market, By Application
7. Global Hydrolysed Vegetable Protein Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hydrolysed Vegetable Protein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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