Hydrolyzed Vegetable Protein Market by Source (Soy, Wheat, Pea, Corn, Rice), Form (solid, liquid), Process (Acid & Alkaline, Enzymatic), Application (Food and Beverages, Infant Nutrition, Nutritional Supplement)

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Hydrolyzed Vegetable Proteins Market by Source (Soy, Wheat, Pea, Corn, Rice), Form (solid, liquid), Process (Acid & Alkaline, Enzymatic), Application (Food and Beverages, Infant Nutrition, Nutritional Supplement)-Global Forecast to 2030

According to the research report titled, 'Hydrolyzed Vegetable Proteins Market by Source (Soy, Wheat, Pea, Corn, Rice), Form (solid, liquid), Process (Acid & Alkaline, Enzymatic), Application (Food and Beverages, Infant Nutrition, Nutritional Supplement)-Global Forecast to 2030,' the hydrolyzed vegetable proteins market is projected to reach $6.14 billion by 2030, at a CAGR of 9.9% during the forecast period 2023-2030. The report provides an in-depth analysis of the global hydrolyzed vegetable proteins market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is attributed to the increased demand for processed & convenience foods, the growing popularity of vegetarian & vegan diets, the rising awareness about the health benefits of plant-based proteins, and growing health & wellness trends. Additionally, increasing intolerance for animal proteins, and emerging economies are expected to offer significant growth opportunities for market players. However, the wide availability & high preference for isolates and concentrates, and fluctuating raw material prices restrain the market's growth.

The key players operating in the global hydrolyzed vegetable proteins market are Kerry Group Plc (Ireland), Cargill, Incorporated (U.S.), Rouquette Freres (France), Ajinomoto Co., Inc. (Japan), Tate & Lyle PLC (U.K.), Foodchem Group (China), Titan Biotech Limited (India), Archer-Daniels-Midland Company (U.S.), Aipu Food Industry (China), and Axiom Foods Inc. (U.S.).

Based on source, the hydrolyzed vegetable proteins market is segmented into soy, wheat, pea, corn, rice, and others. In 2023, the soy segment is expected to account for the largest share of the hydrolyzed vegetable proteins market. The large market share of this segment can be attributed to its cost-effectiveness, the widespread availability of soy crops, the large number of manufacturers engaged in large-scale production, and its strong umami flavor, which enhances the taste profile of diverse food products and conceals off-flavors or bitterness in processed foods.

Based on form, the hydrolyzed vegetable proteins market is segmented into solid and liquid. In 2023, the solid segment is expected to account for the larger share of the hydrolyzed vegetable proteins market. The large market share of this segment is attributed to the growing demand for solid hydrolyzed vegetable proteins due to their benefits such as ease of handling & transport, relatively lower costs, reduced likelihood of formulation errors, and ingredient stability.

Based on process, the hydrolyzed vegetable proteins market is segmented into acid & alkaline, and enzymatic. In 2023, the acid & alkaline segment is expected to account for the larger share of the hydrolyzed vegetable proteins market. The large market share of this segment is attributed to the benefits offered by this process, such as enhanced digestibility and flavor, allergen reduction, and clean label appeal.

Based on application, the hydrolyzed vegetable proteins market is segmented into food & beverages, infant nutrition, nutritional supplements, and other applications. In 2023, the food & beverages segment is expected to account for the largest share of the hydrolyzed vegetable proteins market. The large market share of this segment is attributed to increased demand for vegetable proteins from plant-based product manufacturers, high demand for vegetarian products, and increased production of functional & convenience food products.

Based on distribution channel, the hydrolyzed vegetable proteins market is segmented into offline and online. In 2023, the offline segment is expected to account for the largest share of the hydrolyzed vegetable proteins market. The large market share of this segment is attributed to the growing number of modern groceries offering high-quality products, the availability of a wide range of products, and the enhanced shopping experience offered by modern groceries, hypermarkets & supermarkets.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa), and the coverage of major countries in each region. North America is expected to account for the largest share of the hydrolyzed vegetable proteins market in 2023. North America's major market share is attributed to the increased production of functional and convenient food & beverages, rising concerns over animal products and protein sources, increasing vegan population, growing preference for plant based-products, high demand for health supplements, and the presence of numerous hydrolyzed vegetable protein manufacturers in the region.

Key Questions Answered in the Report-

What is the current revenue generated by hydrolyzed vegetable proteins market globally?
At what rate is the global hydrolyzed vegetable proteins demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the global hydrolyzed vegetable proteins market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of source, form, process, application, and distribution channel are expected to create traction for the manufacturers in this market during the forecast period 2023-2030?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global hydrolyzed vegetable proteins market?
Who are the major players in the global hydrolyzed vegetable proteins market? What are their specific product offerings in this market?
What are the recent strategic developments in the global hydrolyzed vegetable proteins market? What are the impacts of these strategic developments on the market?

Scope of the report:

Hydrolyzed Vegetable Proteins Market Assessment-by Source

Soy
Wheat
Pea
Corn
Rice
Other Sources

Hydrolyzed Vegetable Proteins Market Assessment-by Form

Solid
- Chunks
- Slices
- Flakes
- Granules
Liquid

Hydrolyzed Vegetable Proteins Market Assessment-by Process

Acid & Alkaline
Enzymatic

Hydrolyzed Vegetable Proteins Market Assessment-by Application

Food & Beverages
- Processed Fish, Meat, Egg Products and Alternatives
- Bakery & Confectionery
- Snack Foods
- Soups, Sauces & Dressings
- Breakfast Cereals and Meals
- Dairy
- Beverages
- Others Food & Beverage Applications
Infant Nutrition
Nutritional Supplements
Other Applications

Hydrolyzed Vegetable Proteins Market Assessment-by Distribution Channel

Offline
Online

Hydrolyzed Vegetable Proteins Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
Latin America
Middle-East & Africa

Product Code: MRFB - 104920

1. Market Definition & Scope

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of The Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
- 2.3.3. Market Share Estimation Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Global Hydrolyzed Vegetable Protein Market, by Source
- 3.2.2. Global Hydrolyzed Vegetable Protein Market, by Form
- 3.2.3. Global Hydrolyzed Vegetable Protein Market, by Process
- 3.2.4. Global Hydrolyzed Vegetable Protein Market, by Application
- 3.2.5. Global Hydrolyzed Vegetable Protein Market, by Distribution Channel
3.3. Global Hydrolyzed Vegetable Protein Market: Regional Analysis
3.4. Market Competitors

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increased Demand for Processed & Convenience Foods
- 4.2.2. Growing Popularity of Vegetarian and Vegan Diets
- 4.2.3. Rising Awareness about the Health Benefits of Plant-Based Protein
- 4.2.4. Growing Health and Wellness Trend
4.3. Restraints
- 4.3.1. Availability & Preference for Isolates and Concentrates
- 4.3.2. Fluctuating Raw Material Prices
4.4. Opportunities
- 4.4.1. Increasing Intolerance for Animal Protein
- 4.4.2. Emerging Economies

5. Hydrolyzed Vegetable Protein Market Assessment-by Source

5.1. Overview
5.2. Soy
5.3. Wheat
5.4. Pea
5.5. Corn
5.6. Rice
5.7. Other Sources

6. Hydrolyzed Vegetable Protein Market Assessment-by Form

6.1. Overview
6.2. Solid
- 6.2.1. Chunks
- 6.2.2. Slices
- 6.2.3. Flakes
- 6.2.4. Granules
6.3. Liquid

7. Hydrolyzed Vegetable Protein Market Assessment-by Process

7.1. Overview
7.2. Acid & Alkaline
7.3. Enzymatic

8. Hydrolyzed Vegetable Protein Market Assessment-by Application

8.1. Overview
8.2. Food & Beverages
- 8.2.1. Processed Fish, Meat, and Egg Products and Alternatives
- 8.2.2. Bakery & Confectionery
- 8.2.3. Snack Foods
- 8.2.4. Soups, Sauces, and Dressings
- 8.2.5. Breakfast Cereals and Meals
- 8.2.6. Dairy
- 8.2.7. Beverages
- 8.2.8. Other Food & Beverage Applications
8.3. Infant Nutrition
8.4. Nutritional Supplements
8.5. Other Applications

9. Hydrolyzed Vegetable Protein Market Assessment-by Distribution Channel

9.1. Overview
9.2. Offline
9.3. Online

10. Hydrolyzed Vegetable Protein Market Assessment-by Geography

10.1. Overview
10.2. North America
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Europe
- 10.3.1. Germany
- 10.3.2. France
- 10.3.3. U.K.
- 10.3.4. Italy
- 10.3.5. Spain
- 10.3.6. Rest of Europe
10.4. Asia-Pacific
- 10.4.1. China
- 10.4.2. Japan
- 10.4.3. India
- 10.4.4. Australia
- 10.4.5. Rest of Asia-Pacific
10.5. Latin America
10.6. Middle East & Africa

11. Competitive Analysis

11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Dashboard
11.4. Competitive Benchmarking

12. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

12.1. Kerry Group Plc
12.2. Cargill, Incorporated
12.3. Rouquette Freres
12.4. Ajinomoto Co., Inc.
12.5. Tate & Lyle PLC
12.6. Foodchem Group
12.7. Titan Biotech Limited
12.8. Archer-Daniels-Midland Company
12.9. Aipu Food Industry
12.10. Axiom Foods Inc.

(Note: SWOT Analysis of the top 5 companies will be provided)

13. Appendix

13.1. Available Customization
13.2. Related Reports