Hydrolyzed Vegetable Proteins Market: Major Trends Reshaping the Future of the Industry

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What Will the Hydrolyzed Vegetable Proteins Industry Market Size Be by 2025?
Recently, there has been a notable expansion in the hydrolyzed vegetable proteins market. Its worth is projected to increase from $1.64 billion in 2024 to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. Factors such as the rise in demand for high-grade proteins in emergent markets, the expansion of the pet food industry, heightened demand for functional foods, growing requirements for sustainable ingredients, and a bolstering demand for organic and natural products have all contributed to this growth during the historic period.

What's the Long-Term Growth Forecast for the Hydrolyzed Vegetable Proteins Market Size Through 2029?
The market size of hydrolyzed vegetable proteins is anticipated to experience robust growth in the upcoming years, projecting to rise to $2.41 billion by 2029 with a compound annual growth rate (CAGR) of 8.0%. The predicted growth during this forecast period can be credited to the escalating demand for plant-sourced proteins, the growth of the food and beverage sector, increasing public health awareness, higher obesity rates, and the rising trend of ready-to-eat foods. The forecast period is expected to see significant trends such as the advancement of food technology, growth in the cosmetics industry, and the introduction of environmentally-friendly ingredients.

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What Are the Key Growth Drivers Fueling the Hydrolyzed Vegetable Proteins Market Expansion?
The rising trend of vegetarianism and veganism is anticipated to fuel the expansion of the hydrolyzed vegetable protein market. These diets, which entirely exclude animal-based products, are witnessing increased adoption. Hydrolyzed vegetable protein, obtained from plant materials, presents a flexible and environmentally friendly solution to satisfy the protein demands of vegetarians and vegans. For example, data from the National Library of Medicine, a biomedical library in the United States, revealed in December 2023 that the prevalence of vegetarian or vegan dietary practices went from 3.1% in 2021 to 6.1% in 2022, averaging about 4.6% of respondents adhering to these dietary patterns. As such, the escalating trend of vegetarianism and veganism is spurring the growth of the hydrolyzed vegetable protein market.

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What Are the Key Trends Driving Hydrolyzed Vegetable Proteins Market Growth?
Product innovation is an emerging trend in the hydrolyzed vegetable protein market that is catching a lot of attention. Leading companies in the hydrolyzed vegetable protein market are introducing novel products to maintain their market position. For example, in November 2022, the Germany-based wheat protein manufacturing firm, Crespel & Deiters GmbH & Co. KG, unveiled their textured wheat protein called Lory Tex. Loryma's textured wheat proteins, used in the creation of vegetarian and vegan meat and fish replacements, add flavor and visual appeal, making them healthier. Lory Tex's textured wheat proteins play a critical role in a nutritional diet and are the basis for cutting-edge culinary creations and forward-thinking food inventions. Wheat texturates, due to their similarity to meat, are ideal for vegetarian products and enhancing protein in low-carb diets that utilize vegetable proteins.

How Is the Hydrolyzed Vegetable Proteins Market Segmented?
The hydrolyzed vegetable proteins market covered in this report is segmented -

1) By Source: Soy, Wheat, Corn, Pea, Other Sources
2) By Form: Dry Powder, Liquid
3) By Function: Flavoring Agent, Emulsifying Agent, Other Functions
4) By Application: Bakery And Confectionary, Processed Food Products, Meat Substitutes, Beverages, Other Applications

Subsegments:
1) By Soy: Soy Protein Isolate, Soy Protein Concentrate, Hydrolyzed Soy Protein
2) By Wheat: Wheat Protein Isolate, Hydrolyzed Wheat Protein
3) By Corn: Corn Protein Isolate, Hydrolyzed Corn Protein
4) By Pea: Pea Protein Isolate, Hydrolyzed Pea Protein
5) By Other Sources: Rice, Potato, Sunflower

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Which Companies Are Leading the Charge in Hydrolyzed Vegetable Proteins Market Innovation?
Major companies operating in the hydrolyzed vegetable proteins market include Cargill Inc., Archer Daniels Midland Company, Caremoli SPA, Jones-Hamilton Co., Ajinomoto Co. Inc., Kerry Group plc., Symrise AG, Koninklijke DSM N.V., Givaudan SA, Tate And Lyle plc., Sensient Technologies Corporation, Griffith Foods Inc., Sun Impex International Foods LLC, Aipu Food Industry Co. Ltd., Exter, Titan Biotech Limited, Chaitanya Biologicals Pvt. Ltd, Aarka*y Food Products Ltd., Nactis Flavours, Caremoli Dien Inc., New Alliance Dye Chem Pvt. Ltd., Dien Inc., Shanghai Bichain Industrial Chemical Co. Ltd., Astron Chemicals S.A., Henan Hengernuo Biotechnology Co. Ltd., PMV Nutrient Products Pvt. Ltd., Shandong Jianyuan Group Co. Ltd.

Which Regions Are Leading the Global Hydrolyzed Vegetable Proteins Market in Revenue?
North America was the largest region in the hydrolyzed vegetable proteins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrolyzed vegetable proteins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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