Hydrolyzed vegetable protein could be a flavor enhancer, which is used in processed foods like sauces, soups, gravies, and some meat products. It is produced by boiling foods such as corn, soy, and wheat in hydrochloric acid and neutralizing it in sodium hydroxide. The by-product derived from the reaction is hydrolyzed protein. It is added to various food products like veggie burgers, sauces, gravy, cheese powder, spices, seasonings, soup, bouillon cubes, beef products, flavorings, and functional beverages, among others. This protein is used to add flavor to the food products during freezing, drying, and canning.
MARKET DYNAMICS
The growing customer awareness regarding plant-based protein ingredients and high demand from various applications, including processed foods and other convenience foods, will surge the demand for hydrolyzed vegetable protein market. Additionally, moving customer inclination towards plant-based protein over animal-derived protein is further boosting the market growth. The increased disposable income, adoption of modern lifestyle will lead to a high demand for convenience food, which caused the increase in consumption of hydrolyzed vegetable protein, hence driving the market growth. Growth in food and beverages in countries like Asia- Pacific and North America is expected to create new opportunities for manufacturers in this market. The makers are likewise now taking activities to fabricate top-notch items that can be expended securely. This is considerably helping the extension of the hydrolyzed protein market showcase.
MARKET SCOPE
The "Global Hydrolyzed Vegetable Protein Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrolyzed vegetable protein market with detailed market segmentation by form, application and geography. The global hydrolyzed vegetable protein market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrolyzed vegetable protein market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydrolyzed vegetable protein market is segmented on the basis of form and application. On the basis of form the global hydrolyzed vegetable protein market is segmented into dry powder, liquid, and paste. By application the hydrolyzed vegetable protein market is classified into food and beverages, personal care products.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydrolyzed vegetable protein market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydrolyzed vegetable protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydrolyzed vegetable protein market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrolyzed vegetable protein market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydrolyzed vegetable protein market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrolyzed vegetable protein market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrolyzed vegetable protein in the global market. Below mentioned is the list of few companies engaged in the hydrolyzed vegetable protein market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrolyzed vegetable protein market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sensient Technologies Corporation
- Ajinomoto Co.Inc.
- Symrise AG
- Givaudan
- Vedan International (Holdings) Limited
- Kerry Group plc
- Lesaffre
- Tate and Lyle plc
- Astron Chemicals S.A.
- McRitz International Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.