“Global Hydrolyzed Vegetable Protein Market Highlights

The global hydrolyzed vegetable protein market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 2.3 Billion by 2032. that contains information from 2018 to 2032. The Hydrolyzed Vegetable Protein market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global hydrolyzed vegetable protein market — Ajinomoto Co, Inc., Tate & Lyle PLC, Griffith Foods Inc., Dien, Incorporated, Titan Biotech Limited, Chaitanya Biologicals Private Limited, and New Alliance Dye Chem Pvt. Ltd.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 : https://www.marketresearchfuture.com/sample_request/11990

The market for hydrolyzed vegetable protein is expanding significantly as a result of growing consumer demand for plant-based protein substitutes. Global market expansion is being driven by the widespread use of hydrolyzed vegetable protein, which is sourced from soy, wheat, or other plant sources, as a flavour enhancer and protein supplement in a variety of food and beverage items.

Segment Analysis

The global hydrolyzed vegetable protein market has been segmented based form and application.

On the basis of form, the market is segmented into dry powder, liquid, and paste. Dry powder segment accounted for the largest revenue share in 2022. This is because more and more food and beverage goods and services are using dry powder form.

Based on application, the global hydrolyzed vegetable protein market has been segmented into food & beverages, personal care products, and others. Food & beverages segment dominated the global hydrolyzed vegetable protein market in 2022. This happens as a result of HVP being used more frequently in processed foods. The food industry frequently uses HVP as a functional ingredient because of its capacity to improve flavour and texture as well as its availability and usability.

Regional Analysis

The global Hydrolyzed Vegetable Protein market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Hydrolyzed Vegetable Protein market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Hydrolyzed Vegetable Protein market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Hydrolyzed Vegetable Protein market comprises of Middle East, Africa, and Latin America.

The North America Hydrolyzed Vegetable Protein Market dominated this market in 2022 (45.80%). This is due to the considerable and well-established demand for HVP as a functional component and flavour enhancer in the food and beverage industry. The market has grown as a result of the increased demand for processed and convenience goods in the area. The region also has a robust healthcare industry that uses HVP in dietary supplements for medical purposes.

Moreover, in 2022, Europe held a sizable market share for hydrolyzed vegetable protein. The movement in consumer preferences in the European region towards fast food items with robust nutritional profiles and health benefits, as well as a surge in veganism among consumers, are to blame for this. By developing novel products with organoleptic characteristics resembling real meat to have meat substitutes, businesses in the European region are striving for consumers with modified technologies, favouring the market for hydrolyzed vegetable protein.

Additionally, from 2023 to 2032, the Asia Pacific hydrolyzed vegetable protein market is anticipated to rise significantly. This is brought on by both rising awareness of the health benefits of protein and growing demand for organic, plant-based food ingredients. In addition, the region produces the most plant-based protein sources, such as soybean and wheat, which helps the industry grow.

Furthermore, due to the region’s growing need for plant-based protein sources, the hydrolyzed vegetable protein market in Latin America is steadily expanding. Hydrolyzed vegetable protein, generated from soy, wheat, and other sources, is seeing growing use in the food and beverage industry across the region as a result of a rise in consumer demand for healthier and more sustainable food items.

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Report : https://www.marketresearchfuture.com/reports/hydrolyzed-vegetable-protein-market-11990

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