Hydrolyzed Vegetable Protein Market Statistical Forecast and Trade Analysis (2024-2031) | Ajinomoto Co., Inc., Kerry Group Plc., Aipu Food Industry, Titan Biotech

Hydrolyzed Vegetable Protein Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Hydrolyzed Vegetable Protein market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Hydrolyzed Vegetable Protein market from 2024 to 2031, and what is the market value expected to change by 2031?

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 2031. The market is growing at a CAGR of 5% during the forecast period (2024-2031).

What is Hydrolyzed Vegetable Protein Market?

Hydrolyzed vegetable protein (HVP) is a food ingredient produced by breaking down vegetable proteins into smaller peptides and amino acids through a hydrolysis process, often using acid or enzyme treatment. This process enhances the flavor and solubility of the proteins, making HVP a popular additive in various food products, including soups, sauces, and seasonings. HVP is valued for its umami flavor and is often used as a flavor enhancer, providing a savory taste without the use of artificial additives. It is commonly derived from soybeans, wheat, or corn, and is considered a source of plant-based protein.

Growth Driver

Growing Demand for Plant-Based Proteins Fuels Market Expansion

The increasing popularity of vegan diets and the incorporation of plant proteins into processed foods are propelling market growth. Consumers are favoring plant proteins over animal proteins due to potential allergies associated with the latter and the rich nutrient profiles offered by plant-based options.

Key Players:

Profiles of some of the major players in the global Hydrolyzed Vegetable Protein market, which include:

Ajinomoto Co., Inc., Kerry Group Plc., Aipu Food Industry, Titan Biotech, Cargill Inc., Roquette Frères, DSM, Tate & Lyle, ADM and Griffith Foods.

Industry Development:

In February 2020, Kerry Group announced its acquisition of Pevesa Biotech, a Spanish company specializing in organic and allergy-free plant protein ingredients for everyday, infant, and clinical nutrition.

Also in February 2020, Cargill launched a new range of plant-based patties and other ground products, aimed at providing more protein-rich options for cafeterias, retail stores, fast food outlets, restaurants, and other locations worldwide.

In December 2019, Roquette Frères introduced a novel range of premium plant-based proteins as meat alternatives at Food Ingredients Europe. The company unveiled two new plant-based textured proteins to meet the growing consumer demand for diverse, sustainable options that enhance the nutrition and sensory qualities of food.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Hydrolyzed Vegetable Protein market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Source: Pea, Soy, Wheat, Corn, Rice, Others

By Form: Dry Powder, Liquid, Paste

By Application: Food and Beverages, Personal Care Products, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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