Hydrolyzed Vegetable Protein Market - By Application (Food Product and Functional Beverages), By Source (Soy, Rapseed, Corn, Rice, Pea, Wheat and Others), and By Form (Dry Powder, Paste, and Liquid) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Hydrolyzed Vegetable Protein Market is expected to increase with CAGR of XXX, during the forecast period. Hydrolyzed protein is a protein that has been partially broken down into its components amino acid. Hydrolyzed vegetable protein is natural and organic product which is rich in amino acid, minerals, micronutrients and it is particularly used to round off the taste of soup, sauces, fishes, meat product, snacks, veggie burgers and processed food. It is consider as a natural additives. These protein use to restore add flavor to the processed food product during canning, freezing or drying. The growing consumer demand for the plant based hydrolyzed protein over the animal base hydrolyzed protein has driving the growth of market for hydrolyzed vegetable protein. Liquid hydrolyzed protein contain 55% of water, 16% of salt, 25% organic substances (including 20% of protein) and 3% of nitrogen. It is not allergenic, as protein are degraded into simple amino acid which are not likely to trigger any allergic reaction.

Market Segmentation:

On the basis of application global hydrolyzed vegetable protein market is divided into processed food product, functional beverage and other. On the basis of source it is segmented into soy, rapseed, corn, rice, pea, wheat, and other. On form basis it is divided into dry powder, paste and liquid. And region wise, hydrolyzed vegetable protein market divided into North America, Europe, Asia Pacific, Middle East Africa and rest of the world.

Market Dynamics and Factors:

Factor such as increase in demand of clean-label and natural ingredients, increasing the consumer awareness pertaining to the ill effects related to savory ingredients and demand for healthy and nutritious products are acting as major restraints for the hydrolyzed vegetable protein market. Increase the demand for convenience food, changing lifestyle and untapped potential in the developing Asia Pacific countries act as major drivers for the hydrolyzed vegetable protein market. As it is helpful in enhancing flavor of the processed food, so it is also considered as the most sustainable protein ingredients which is favoring its growth in alternate way. However, availability of Monosodium Glutamate (MSG) in hydrolyzed vegetable protein is expected to restrain the market growth over the forecast period.

Geographic Analysis:

Asia Pacific dominating the hydrolyzed vegetable protein market, followed by North America and is expected to account a major sharing during forecast period. Asia pacific is expected to register a CAGR of 6.9% during the forecast period. In the North America region, the United State dominates the market, followed by Canada. In Asia Pacific region, china and India are expected to account for a substantial growth, due to the increase demand for nutritional food among the consumers, while in South America, Brazil is expected to register the fastest hydrolyzed vegetable protein market growth.    

Competitive Scenario:

Some major key player in the hydrolyzed vegetable protein market are Astron Chemicals S.A., Jones Hamilton Co., McRitz International corporation, Good Food, Inc., Michimoto Foods products Co. Ltd., Dien Inc., Innova Flavors, Unitechem Co., Ltd, Kerry Group Plc. and Brolite Product Co. Inc.

Hydrolyzed Vegetable Protein Market Report Scope