Global Hydrolyzed Vegetable Protein Market Size, Trends, by Source (Soy, Rapeseed, Corn, Rice, Pea, Wheat, and Others), by Form (Dry Powder, Paste, and Liquid), and by Application (Food Products and Functional Beverages), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030
Global Hydrolyzed Vegetable Protein Market
Global Hydrolyzed Vegetable Protein Market was valued at US$ 1,214 Mn in 2022, estimated to reach US$ 2,531 Mn by 2030, with a CAGR of 7.26% from 2023-2030.
The flavor enhancer hydrolyzed vegetable protein (HVP) is utilized in processed foods. It is often created through the acid hydrolysis of wheat, soybean, or corn, which results in the production of amino acids. HVP can also be created by alkaline treatment or enzyme hydrolysis.
In addition to other culinary products, it is added to soup, bouillon cubes, seasonings, spices, beef products, flavorings, vegetarian burgers, imitation meat products, sauces, gravy, cheese powder, and functional beverages. During canning, freezing, or drying, this protein is used to enhance the flavor of the aforementioned food products. Manufacturers believe HVP to be a natural flavoring even though it is made chemically and originally came from vegetable sources.
Market Drivers
Hydrolyzed vegetable protein (HVP), a taste enhancer, is used in processed foods. It is frequently produced as a byproduct of the acid hydrolysis of wheat, soybean, or corn, which also yields amino acids. HVP can also be produced by enzyme hydrolysis or alkaline treatment. It is added to soup, bouillon cubes, seasonings, spices, beef products, flavorings, vegetarian burgers, imitation meat products, sauces, gravy, cheese powder, and functional beverages in addition to other culinary products. This protein is used to improve the flavor of the aforementioned food products while canning, freezing, or drying. Even though HVP is made chemically and originally came from vegetable sources, manufacturers believe it to be a natural flavoring.
Market Restraints
Health problems include headaches, sweating, tightness or pressure in the face, numbness, burning in the face and neck, heart palpitations, chest pain, nausea, weakness, and other symptoms brought on by the monosodium glutamate (MSG) found in HVPs. Although the Food and Drug Administration (FDA) does not forbid the use of MSG, consumer disapproval could limit market expansion.
Market Segmentation
The scope of the Global Hydrolyzed Vegetable Protein Market covers segmentation based on Source, Form, and Application.
Based on Source, the market is divided into Soy, Rapeseed, Corn, Rice, Pea, Wheat, and Others.
Based on Form, the market is classified into Dry Powder, Paste, and Liquid.
Based on Application, the market is bifurcated into Food Products and Functional Beverages.
Regional Analysis
The Global Hydrolyzed Vegetable Protein Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Europe has been seen to have the fastest growth, due to a movement in consumer consumption habits towards convenience foods with rich nutritional profiles and health advantages as well as a rise in veganism among consumers. Companies in the European region are aiming for consumers with modified technologies by creating novel products with organoleptic features similar to real meat to have meat alternatives, therefore favoring the hydrolyzed vegetable protein market.
Key Players
Ajinomoto Co., Inc., Glanbia Plc, Tate & Lyle Plc., Cargill Inc., Puris Proteins LLC, DuPont de Nemours, Inc., Scoular, Fuji Oil Holdings, Inc., Innova Flavors, Wilmer International Limited
Market Taxonomy
By Source
• Soy
• Rapeseed
• Corn
• Rice
• Pea
• Wheat
• Others
By Form
• Dry Powder
• Paste
• Liquid
By Application
• Food Products
• Functional Beverages
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Hydrolyzed Vegetable Protein Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hydrolyzed Vegetable Protein Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hydrolyzed Vegetable Protein Market, By Source
5.1 Y-o-Y Growth Comparison, By Source
5.2 Global Hydrolyzed Vegetable Protein Market Share Analysis, By Source
5.3 Global Hydrolyzed Vegetable Protein Market Size and Forecast, By Source
5.3.1 Soy, Rapeseed, Corn, Rice, Pea, Wheat, and Others
5.3.2 Soy
5.3.3 Control Equipment
5.3.4 Rapeseed
5.3.5 Corn
5.3.6 Rice
5.3.7 Pea
5.3.8 Wheat
5.3.9 Others
6 Global Hydrolyzed Vegetable Protein Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Global Hydrolyzed Vegetable Protein Market Share Analysis, By Form
6.3 Global Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
6.3.1 Dry Powder
6.3.2 Paste
6.3.3 Liquid
7 Global Hydrolyzed Vegetable Protein Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Hydrolyzed Vegetable Protein Market Share Analysis, By Application
7.3 Global Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
7.3.1 Food Products
7.2.2 Functional Beverages
8 Global Hydrolyzed Vegetable Protein Market, By Region
8.1 Global Hydrolyzed Vegetable Protein Market Share Analysis, By Region
8.2 Global Hydrolyzed Vegetable Protein Market Size and Forecast, By Region
8.3 Global Hydrolyzed Vegetable Protein Market Trends and Forecast, By Region
9 North America Hydrolyzed Vegetable Protein Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Hydrolyzed Vegetable Protein Market Share Analysis, By Source
9.3 North America Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
9.4 North America Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
9.5 North America Hydrolyzed Vegetable Protein Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Source
9.5.1.2 Market Size and Forecast, By Form
9.5.1.3 Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Source
9.5.2.2 Market Size and Forecast, By Form
9.5.2.3 Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Source
9.5.3.2 Market Size and Forecast, By Form
9.5.3.3 Market Size and Forecast, By Application
10 Europe Hydrolyzed Vegetable Protein Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Hydrolyzed Vegetable Protein Market Share Analysis, By Source
10.3 Europe Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
10.4 Europe Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
10.5 Europe Hydrolyzed Vegetable Protein Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Source
10.5.1.2 Market Size and Forecast, By Form
10.5.1.3 Market Size and Forecast, By Application
10.5.2 France
10.5.2.1 Market Size and Forecast, By Source
10.5.2.2 Market Size and Forecast, By Form
10.5.2.3 Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Source
10.5.3.2 Market Size and Forecast, By Form
10.5.3.3 Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1 Market Size and Forecast, By Source
10.5.4.2 Market Size and Forecast, By Form
10.5.4.3 Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1 Market Size and Forecast, By Source
10.5.5.2 Market Size and Forecast, By Form
10.5.5.3 Market Size and Forecast, By Application
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Source
10.5.6.2 Market Size and Forecast, By Form
10.5.6.3 Market Size and Forecast, By Application
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Source
10.5.7.2 Market Size and Forecast, By Form
10.5.7.3 Market Size and Forecast, By Application
11 Asia Pacific Hydrolyzed Vegetable Protein Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Hydrolyzed Vegetable Protein Market Share Analysis, By Source
11.3 Asia Pacific Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
11.4 Asia Pacific Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
11.5 Asia Pacific Hydrolyzed Vegetable Protein Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Source
11.5.1.2 Market Size and Forecast, By Form
11.5.1.3 Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Source
11.5.2.2 Market Size and Forecast, By Form
11.5.2.3 Market Size and Forecast, By Application
11.5.3 India
11.5.3.1 Market Size and Forecast, By Source
11.5.3.2 Market Size and Forecast, By Form
11.5.3.3 Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1 Market Size and Forecast, By Source
11.5.4.2 Market Size and Forecast, By Form
11.5.4.3 Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1 Market Size and Forecast, By Source
11.5.5.2 Market Size and Forecast, By Form
11.5.5.3 Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1 Market Size and Forecast, By Source
11.5.6.2 Market Size and Forecast, By Form
11.5.6.3 Market Size and Forecast, By Application
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Source
11.5.7.2 Market Size and Forecast, By Form
11.5.7.3 Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1 Market Size and Forecast, By Source
11.5.8.2 Market Size and Forecast, By Form
11.5.8.3 Market Size and Forecast, By Application
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Source
11.5.9.2 Market Size and Forecast, By Form
11.5.9.3 Market Size and Forecast, By Application
12 Latin America Hydrolyzed Vegetable Protein Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Hydrolyzed Vegetable Protein Market Share Analysis, By Source
12.3 Latin America Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
12.4 Latin America Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
12.5 Latin America Hydrolyzed Vegetable Protein Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Source
12.5.1.2 Market Size and Forecast, By Form
12.5.1.3 Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Source
12.5.2.2 Market Size and Forecast, By Form
12.5.2.3 Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1 Market Size and Forecast, By Source
12.5.3.2 Market Size and Forecast, By Form
12.5.3.3 Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1 Market Size and Forecast, By Source
12.5.4.2 Market Size and Forecast, By Form
12.5.4.3 Market Size and Forecast, By Application
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Source
12.5.5.2 Market Size and Forecast, By Form
12.5.5.3 Market Size and Forecast, By Application
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Source
12.5.6.2 Market Size and Forecast, By Form
12.5.6.3 Market Size and Forecast, By Application
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Source
12.5.7.2 Market Size and Forecast, By Form
12.5.7.3 Market Size and Forecast, By Application
13 Middle East Hydrolyzed Vegetable Protein Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Hydrolyzed Vegetable Protein Market Share Analysis, By Source
13.3 Middle East Hydrolyzed Vegetable Protein Market Size and Forecast, By Form
13.4 Middle East Hydrolyzed Vegetable Protein Market Size and Forecast, By Application
13.5 Middle East Hydrolyzed Vegetable Protein Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Source
13.5.1.2 Market Size and Forecast, By Form
13.5.1.3 Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Source
13.5.2.2 Market Size and Forecast, By Form
13.5.2.3 Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Source
13.5.3.2 Market Size and Forecast, By Form
13.5.3.3 Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Source
13.5.4.2 Market Size and Forecast, By Form
13.5.4.3 Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Source
13.5.5.2 Market Size and Forecast, By Form
13.5.5.3 Market Size and Forecast, By Application
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Source
13.5.6.2 Market Size and Forecast, By Form
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Ajinomoto Co., Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Glanbia Plc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Tate & Lyle Plc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Cargill Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Puris Proteins LLC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 DuPont de Nemours, Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Scoular
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Fuji Oil Holdings, Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Innova Flavors
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Wilmer International Limited
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
