Global Hydrolyzed Vegetable Protein Market 2024-2028

The hydrolyzed vegetable protein market is forecasted to grow by USD 784.81 mn during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the hydrolyzed vegetable protein market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing availability of HVP on e-commerce platforms, growing prominence of private-label brands, and increasing demand for protein-based diets.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.28%
CAGR	5.8%
Incremental Value	$784.81mn

Technavio's hydrolyzed vegetable protein market is segmented as below:

By Type

Dry powder
Liquid
Paste

By Distribution Channel

Direct
Indirect

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the increasing adoption of organic and natural ingredients as one of the prime reasons driving the hydrolyzed vegetable protein market growth during the next few years. Also, increasing usage of HVP in cosmetics industry and rapidly changing lifestyles of individuals will lead to sizable demand in the market.

The report on the hydrolyzed vegetable protein market covers the following areas:

Hydrolyzed vegetable protein market sizing
Hydrolyzed vegetable protein market forecast
Hydrolyzed vegetable protein market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrolyzed vegetable protein market vendors that include Aarkay Food Products Ltd., Aipu Food Industry, Ajinomoto Co. Inc., Akola Chemicals Ltd., BELVITA FOOD INGREDIENTS PVT. LTD., Caremoli SpA, Chaitanya Agro Biotech Pvt. Ltd., Foodchem International Corp., Givaudan SA, Griffith Foods Worldwide Inc., Innova Flavors, Kerry Group Plc, Koninklijke DSM NV, Merck and Co. Inc., New Alliance Dye Chem Pvt. Ltd., Tate and Lyle PLC, YESRAJ AGRO EXPORTS PVT. LTD., Shanghai Bichain Industrial Chemical, SUN IMPEX INTERNATIONAL FOODS LLC, and Titan Biotech Ltd.. Also, the hydrolyzed vegetable protein market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72452

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global hydrolyzed vegetable protein market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global hydrolyzed vegetable protein market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Dry powder - Market size and forecast 2023-2028
Exhibit 34: Chart on Dry powder - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Dry powder - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Dry powder - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Dry powder - Year-over-year growth 2023-2028 (%)
6.4 Liquid - Market size and forecast 2023-2028
Exhibit 38: Chart on Liquid - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Liquid - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Liquid - Year-over-year growth 2023-2028 (%)
6.5 Paste - Market size and forecast 2023-2028
Exhibit 42: Chart on Paste - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Paste - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Paste - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Paste - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
Exhibit 46: Market opportunity by Type ($ million)
Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 50: Chart on Comparison by Distribution Channel
Exhibit 51: Data Table on Comparison by Distribution Channel
7.3 Direct - Market size and forecast 2023-2028
Exhibit 52: Chart on Direct - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Direct - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Direct - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Direct - Year-over-year growth 2023-2028 (%)
7.4 Indirect - Market size and forecast 2023-2028
Exhibit 56: Chart on Indirect - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Indirect - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Indirect - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Indirect - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 60: Market opportunity by Distribution Channel ($ million)
Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Finland - Market size and forecast 2023-2028
Exhibit 95: Chart on Finland - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Finland - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Finland - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Finland - Year-over-year growth 2023-2028 (%)
9.11 Denmark - Market size and forecast 2023-2028
Exhibit 99: Chart on Denmark - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Denmark - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Denmark - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Denmark - Year-over-year growth 2023-2028 (%)
9.12 Australia - Market size and forecast 2023-2028
Exhibit 103: Chart on Australia - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Australia - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Australia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Aarkay Food Products Ltd.
Exhibit 115: Aarkay Food Products Ltd. - Overview
Exhibit 116: Aarkay Food Products Ltd. - Product / Service
Exhibit 117: Aarkay Food Products Ltd. - Key offerings
12.4 Aipu Food Industry
Exhibit 118: Aipu Food Industry - Overview
Exhibit 119: Aipu Food Industry - Product / Service
Exhibit 120: Aipu Food Industry - Key offerings
12.5 Ajinomoto Co. Inc.
Exhibit 121: Ajinomoto Co. Inc. - Overview
Exhibit 122: Ajinomoto Co. Inc. - Business segments
Exhibit 123: Ajinomoto Co. Inc. - Key offerings
Exhibit 124: Ajinomoto Co. Inc. - Segment focus
12.6 BELVITA FOOD INGREDIENTS PVT. LTD.
Exhibit 125: BELVITA FOOD INGREDIENTS PVT. LTD. - Overview
Exhibit 126: BELVITA FOOD INGREDIENTS PVT. LTD. - Product / Service
Exhibit 127: BELVITA FOOD INGREDIENTS PVT. LTD. - Key offerings
12.7 Caremoli SpA
Exhibit 128: Caremoli SpA - Overview
Exhibit 129: Caremoli SpA - Product / Service
Exhibit 130: Caremoli SpA - Key offerings
12.8 Chaitanya Agro Biotech Pvt. Ltd.
Exhibit 131: Chaitanya Agro Biotech Pvt. Ltd. - Overview
Exhibit 132: Chaitanya Agro Biotech Pvt. Ltd. - Product / Service
Exhibit 133: Chaitanya Agro Biotech Pvt. Ltd. - Key offerings
12.9 Givaudan SA
Exhibit 134: Givaudan SA - Overview
Exhibit 135: Givaudan SA - Business segments
Exhibit 136: Givaudan SA - Key offerings
Exhibit 137: Givaudan SA - Segment focus
12.10 Griffith Foods Worldwide Inc.
Exhibit 138: Griffith Foods Worldwide Inc. - Overview
Exhibit 139: Griffith Foods Worldwide Inc. - Product / Service
Exhibit 140: Griffith Foods Worldwide Inc. - Key offerings
12.11 Innova Flavors
Exhibit 141: Innova Flavors - Overview
Exhibit 142: Innova Flavors - Product / Service
Exhibit 143: Innova Flavors - Key offerings
12.12 Kerry Group Plc
Exhibit 144: Kerry Group Plc - Overview
Exhibit 145: Kerry Group Plc - Business segments
Exhibit 146: Kerry Group Plc - Key offerings
Exhibit 147: Kerry Group Plc - Segment focus
12.13 Koninklijke DSM NV
Exhibit 148: Koninklijke DSM NV - Overview
Exhibit 149: Koninklijke DSM NV - Business segments
Exhibit 150: Koninklijke DSM NV - Key news
Exhibit 151: Koninklijke DSM NV - Key offerings
Exhibit 152: Koninklijke DSM NV - Segment focus
12.14 Merck and Co. Inc.
Exhibit 153: Merck and Co. Inc. - Overview
Exhibit 154: Merck and Co. Inc. - Business segments
Exhibit 155: Merck and Co. Inc. - Key news
Exhibit 156: Merck and Co. Inc. - Key offerings
Exhibit 157: Merck and Co. Inc. - Segment focus
12.15 New Alliance Dye Chem Pvt. Ltd.
Exhibit 158: New Alliance Dye Chem Pvt. Ltd. - Overview
Exhibit 159: New Alliance Dye Chem Pvt. Ltd. - Product / Service
Exhibit 160: New Alliance Dye Chem Pvt. Ltd. - Key offerings
12.16 Tate and Lyle PLC
Exhibit 161: Tate and Lyle PLC - Overview
Exhibit 162: Tate and Lyle PLC - Business segments
Exhibit 163: Tate and Lyle PLC - Key news
Exhibit 164: Tate and Lyle PLC - Key offerings
Exhibit 165: Tate and Lyle PLC - Segment focus
12.17 Titan Biotech Ltd.
Exhibit 166: Titan Biotech Ltd. - Overview
Exhibit 167: Titan Biotech Ltd. - Product / Service
Exhibit 168: Titan Biotech Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 171: Currency conversion rates for US$
13.4 Research methodology
Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations