Market Overview

The Global Hydrolyzed Vegetable Protein Market was valued at USD 1,590.5 million in 2023 and is expected to reach USD 2,440.9 million by 2031 while growing at a CAGR of 5.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global hydrolyzed vegetable protein market growth. Hydrolyzed Vegetable Protein (HVP) is a processed plant-derived protein used as a food additive to enhance flavor in various food products. It is produced through the hydrolysis of plant proteins, breaking them down into smaller peptides and amino acids, with common sources being soy, corn, and wheat.

Increasing demand for plant-based proteins and the rising popularity of processed and convenience foods are driving the growth of the hydrolyzed vegetable protein (HVP) market. However, obstacles such as health concerns, allergies, and regulatory compliance and labeling issues may hinder market expansion.

Furthermore, the global hydrolyzed vegetable protein industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Form Analysis

The Global Hydrolyzed Vegetable Protein Market is segmented among Dry Powder, Liquid, and Paste, based on Form. In 2023, Dry Powder accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Hydrolyzed Vegetable Protein Market is segmented among Food & Beverages, Personal Care Products, and Others, based on Application. In 2023, Food & Beverages accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Hydrolyzed Vegetable Protein Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Ajinomoto Co. Inc., Tate & Lyle PLC, Griffith Foods Inc., Dien, Incorporated, Titan Biotech Limited, Chaitanya Biologicals Private Limited, New Alliance Dye Chem Pvt. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Hydrolyzed Vegetable Protein Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Hydrolyzed Vegetable Protein Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Hydrolyzed Vegetable Protein Market Segmentation, By Form

• Global Hydrolyzed Vegetable Protein Market Share Analysis, By Form

• Global Hydrolyzed Vegetable Protein Market Growth Analysis, By Form

• Global Hydrolyzed Vegetable Protein Market Trends, By Form

o Dry Powder

o Liquid

o Paste  

6. Global Hydrolyzed Vegetable Protein Market Segmentation, By Application

• Global Hydrolyzed Vegetable Protein Market Share Analysis, By Application

• Global Hydrolyzed Vegetable Protein Market Growth Analysis, By Application

• Global Hydrolyzed Vegetable Protein Market Trends, By Application

o Food & Beverages

Ø Bakery

Ø Snack Foods

Ø Soups

Ø Sauces and Dressings

Ø Meat & meat products

Ø Beverages

Ø Others

o Personal Care Products

o Others

7. Global Hydrolyzed Vegetable Protein Market Segmentation, By Region

• Global Hydrolyzed Vegetable Protein Market Share Analysis, By Region

• Global Hydrolyzed Vegetable Protein Market Growth Analysis, By Region

• Global Hydrolyzed Vegetable Protein Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Ajinomoto Co. Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Tate & Lyle PLC

• Griffith Foods Inc.

• Dien, Incorporated

• Titan Biotech Limited

• Chaitanya Biologicals Private Limited

• New Alliance Dye Chem Pvt. Ltd  

 *Similar analysis will be provided for each company listed above.