Allied Market Research

2024

Hydrolyzed Vegetable Protein Market

Hydrolyzed Vegetable Protein Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Source and by Form : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
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Hydrolyzed vegetable protein (HVP) is a flavor enhancer used in processed foods. It is usually produced by acid hydrolysis of soybean, corn, or wheat, which are broken down into amino acids. HVP is also produced by enzyme hydrolysis or by alkaline treatment. It is added to food products such as soup, bouillon cubes, seasonings, spices, beef products, flavorings, veggie burgers, imitation meat products, sauces, gravy, cheese powder, and functional beverages among others. This protein is used to restore add flavor to the aforementioned food products during canning, freezing, or drying.

Though HVP is produced chemically, manufacturers consider it to be natural flavoring as it is originally derived from vegetable products. It is also considered as the most sustainable protein ingredients. Increased disposable income and change in lifestyle leading to high demand for convenience food cause increased consumption of HVP, thus driving the market growth. Thus, increase in demand for protein-rich natural ingredients and clean-labeled food products is further expected to propel the market growth. However, monosodium glutamate (MSG) in HVPs causes health issues such as headache, sweating, facial pressure or tightness, numbness, burning in the face & neck, heart palpitations, chest pain, nausea, weakness, and others. Though the Food and Drug Administration (FDA) has not banned the use of MSG, its negative reputation among consumers may hamper the market growth. Growth in food & beverage industry in Asia-Pacific is expected to create new opportunities for the manufacturers of HVP.

The global hydrolyzed vegetable protein market segmented based on application, source, form, and geography. Based on application, it is bifurcated into food products and functional beverages. On the basis of source, it is divided into soy, rapeseed, corn, rice, pea, wheat, and others. The form segment includes dry powder, paste, and liquid. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global hydrolyzed vegetable protein market to elucidate the prevailing opportunities and potential investment pockets.
  • It offers qualitative trends and quantitative analysis¬†to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the sources of HVP and its application.
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies.
  • The key players in the market are profiled and their strategies & developments are analyzed to understand the competitive outlook of the industry.

Hydrolyzed Vegetable Protein Market Report Highlights

Aspects Details
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By Source
  • Soy
  • Rapeseed
  • Corn
  • Rice
  • Pea
  • Wheat
  • Others
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By Form
  • Dry Powder
  • Paste
  • Liquid
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By Application
  • Food Products
    • Noodles
    • Prepared soups
    • Sauces
    • Ready meals
    • Dips & dressings
    • Meat
    • Fish
    • Seasoning mixes
    • Others
  • Functional Beverages
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest Of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

DSM, GIVAUDAN, GRIFFITH LABORATORIES, BROLITE PRODUCTS CO. INC., DIANA GROUP, CAREMOLI GROUP, AJINOMOTO CO., INC., JONES-HAMILTON CO., KERRY GROUP PLC, TATE & LYLE PLC

Key Market Players
Other Key Players

Astron Chemicals S.A., McRitz International Corporation, Good Food, Inc., Michimoto Foods Products Co., Ltd., Dien Inc., Innova Flavors, Unitechem Co., Ltd.

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Hydrolyzed Vegetable Protein Market

Global Opportunity Analysis and Industry Forecast, 2023-2032