Hydrolyzed Vegetable Protein Market

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.

Hydrolyzed Vegetable Protein Market contains market size and forecasts of Hydrolyzed Vegetable Protein in global, including the following market information:

Global Hydrolyzed Vegetable Protein Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Hydrolyzed Vegetable Protein Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Hydrolyzed Vegetable Protein companies in 2021 (%)

The global Hydrolyzed Vegetable Protein market was valued at 1462.1 million in 2021 and is projected to reach US$ 1989.5 million by 2028, at a CAGR of 4.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Dry Powder Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Hydrolyzed Vegetable Protein include Griffith Laboratories, Ajinomoto Co., Inc., Kerry Group plc, Tate & Lyle plc, Givaudan, Jones-Hamilton Co., DSM, Diana Group and Brolite Products Co. Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Hydrolyzed Vegetable Protein manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Hydrolyzed Vegetable Protein Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Hydrolyzed Vegetable Protein Market Segment Percentages, by Type, 2021 (%)

Dry Powder

Paste

Liquid

Global Hydrolyzed Vegetable Protein Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Hydrolyzed Vegetable Protein Market Segment Percentages, by Application, 2021 (%)

Food Products

Functional Beverages

Global Hydrolyzed Vegetable Protein Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Hydrolyzed Vegetable Protein Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Hydrolyzed Vegetable Protein revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Hydrolyzed Vegetable Protein revenues share in global market, 2021 (%)

Key companies Hydrolyzed Vegetable Protein sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Hydrolyzed Vegetable Protein sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Griffith Laboratories

Ajinomoto Co., Inc.

Kerry Group plc

Tate & Lyle plc

Givaudan

Jones-Hamilton Co.

DSM

Diana Group

Brolite Products Co. Inc.

Caremoli Group

Astron Chemicals S.A.

McRitz International Corporation

Good Food, Inc.

Michimoto Foods Products Co. Ltd.

Dien Inc.

Unitechem Co. Ltd.