Hydrolyzed Vegetable Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.20 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hydrolyzed Vegetable Protein Market Analysis
The global hydrolyzed vegetable protein market is growing at a CAGR of 5.2% during the forecast period (2020-2025).
- The market is driven by the increasing demand for a protein-based diet which is supported by protein-rich natural ingredients and clean-labeled food products among health-conscious consumers. Also, rising demand for hydrolyzed vegetable protein has high demand as a flavor enhancer in sauces, soups, snacks, and ready-to-eat food products are further boosting the market growth. Geographically, the United States in North America and China in the Asia Pacific accounts for the largest share in the global protein hydrolysate market, and Europe and South Americais expected to register the fastest growth.
- However, the major limitation for the market is the stringent regulations set by the regulatory bodies such as the European Union and FDA, which has affected the importers of hydrolyzed vegetable protein most adversely.
Hydrolyzed Vegetable Protein Market Trends
This section covers the major market trends shaping the Hydrolyzed Vegetable Protein Market according to our research experts:
Increased demand in plant-based protein foods
The growing trend toward vegan diets, and the incorporation of plant proteins in processed foods, are the major factors driving the market. The allergies caused by animal proteins, the abundant amount of nutrients present in plant proteins have shifted the consumer preference towards plant proteins. Also, consumer preferences for plant protein is fueled by the advancements of science, with the changing perception about the safety of animal-based products coupled with the production of plant protein which is more environmentally economic than animal protein. In addition, with the growing trend of health and wellness, the plant proteins are experiencing their time in the limelight, with brands launching plant-based protein products in retail and foodservice chains. Consumers including meat-eaters and dairy lovers are reciprocating with appeal and engagement, snapping up new releases such as meat-like plant protein burgers, plant protein lattes, and plant-based protein meal kits.
Europe to have witnessed with the fastest growth in the global market
Europe has been witnessed to have the fastest growth in the global market owing to the shift in consumer's consumption patterns in the European region towards convenience food products, but with rich nutritive profile and health benefits, and rising veganism among the consumers. With modified technologies, the companies within the European region are targeting the consumers by producing innovative products with similar organoleptic properties as real meat to have meat substitutes, thus favoring the hydrolyzed vegetable protein market.
Hydrolyzed Vegetable Protein Industry Overview
The hydrolyzed vegetable protein market is competitive in nature having a large number of domestic and multinational players competing for market share. Companies focusing on new product launch with healthier plant-based ingredients/clean label claim along with acquisition, merger, partnership and expansions as their key marketing strategy. A few of the major companies in the global hydrolyzed vegetable protein market include Ajinomoto Co, Inc., Tate & Lyle PLC, Griffith Foods Inc., and Dien, Incorporated.
Hydrolyzed Vegetable Protein Market Leaders
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Ajinomoto Co,. Inc.
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Tate & Lyle PLC
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Griffith Foods Inc.
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Dien, Incorporated
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Titan Biotech Limited
*Disclaimer: Major Players sorted in no particular order
Hydrolyzed Vegetable Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Form
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5.1.1 Dry Powder
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5.1.2 Liquid
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5.1.3 Paste
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5.2 By Application
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5.2.1 Food & Beverages
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5.2.1.1 Bakery
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5.2.1.2 Snack Foods
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5.2.1.3 Soups, Sauces and Dressings
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5.2.1.4 Meat & meat products
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5.2.1.5 Beverages
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5.2.1.6 Others
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5.2.2 Personal Care Products
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5.2.3 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 South Africa
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5.3.5.2 Saudi Arabia
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5.3.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Ajinomoto Co,. Inc.
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6.4.2 Tate & Lyle PLC
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6.4.3 Griffith Foods Inc.
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6.4.4 Dien, Incorporated
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6.4.5 Titan Biotech Limited
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6.4.6 Chaitanya Biologicals Private Limited
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6.4.7 New Alliance Dye Chem Pvt. Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Hydrolyzed Vegetable Protein Industry Segmentation
The global hydrolyzed vegetable protein market is segmented by form into a dry powder, liquid, and paste; by application into food and beverage, personal care products and others. Food and beverage can be further bifurcated into the bakery, snack foods, soups, sauces & dressings, meat & meat products, beverages, and others. Also, the study provides an analysis of the hydrolyzed vegetable protein market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Hydrolyzed Vegetable Protein Market Research FAQs
What is the current Hydrolyzed Vegetable Protein Market size?
The Hydrolyzed Vegetable Protein Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Hydrolyzed Vegetable Protein Market?
Ajinomoto Co,. Inc., Tate & Lyle PLC, Griffith Foods Inc., Dien, Incorporated and Titan Biotech Limited are the major companies operating in the Hydrolyzed Vegetable Protein Market.
Which is the fastest growing region in Hydrolyzed Vegetable Protein Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hydrolyzed Vegetable Protein Market?
In 2024, the North America accounts for the largest market share in Hydrolyzed Vegetable Protein Market.
What years does this Hydrolyzed Vegetable Protein Market cover?
The report covers the Hydrolyzed Vegetable Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydrolyzed Vegetable Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hydrolyzed Vegetable Proteins Industry Report
Statistics for the 2024 Hydrolyzed Vegetable Proteins market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Hydrolyzed Vegetable Proteins analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
