Hydrolyzed Vegetable Proteins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source (Soy, Wheat, Corn, Pea, Others), By Function (Flavoring Agent, Emulsifying Agent, Others), By Application (Bakery & Confectionary, Processed Food Products, Meat Substitutes, Beverages, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHydrolyzed Vegetable Proteins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source (Soy, Wheat, Corn, Pea, Others), By Function (Flavoring Agent, Emulsifying Agent, Others), By Application (Bakery & Confectionary, Processed Food Products, Meat Substitutes, Beverages, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 1.19 billion |
| CAGR (2023-2028) | 5.89% |
| Fastest Growing Segment | Processed Food Products |
| Largest Market | North America |
Market Overview
Key Market Drivers
Plant-Based Diet Trends
Clean Label and Natural Ingredients
Rising Health and Wellness Awareness
Global Expansion and Emerging Markets
Key Market Challenges
Allergenicity Concerns
Cost of Production
Taste and Functional Challenges
Competition from Other Ingredients
Key Market Trends
Plant-Based Boom Continues
Focus on Sustainability
Customized Protein Solutions
Diversification of Protein Sources
Segmental Insights
Source Insights
Application Insights
Regional Insights
Recent Developments
- In February 2020, Kerry Group made public its acquisition of PevesaBiotech, a Spanish firm specializing in organic and hypoallergenic plantprotein components for various nutritional purposes, including general, infant,and clinical nutrition. This acquisition formed a crucial element of Kerry'sstrategic plan to broaden its presence in the Hydrolyzed Vegetable Protein(HVP) market and offer customers both organic and hypoallergenic plant proteiningredients.
Key Market Players
- Ajinomoto Co Inc
- Kerry Group PLC
- Shanghai Aipu Food Industry Co Ltd
- Titan Bio-tech Ltd
- Cargill Inc
- Roquette Freres SA
- DSM BV
- Tate & Lyle PLC
- Archer-Daniels-Midland Co
- Griffith Foods SA De CV
| By Source | By Function | By Application | By Region |
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