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.
Though HVP is produced chemically, manufacturers consider it to be natural flavoring as it is originally derived from vegetable products. It is also considered as the most sustainable protein ingredients. Increased disposable income and change in lifestyle leading to high demand for convenience food cause increased consumption of HVP, thus driving the market growth.
The global Hydrolyzed Vegetable Protein market is valued at 220 million US$ in 2018 and will reach 330 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Hydrolyzed Vegetable Protein market based on company, product type, end user and key regions.
This report studies the global market size of Hydrolyzed Vegetable Protein in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Hydrolyzed Vegetable Protein in these regions.
This research report categorizes the global Hydrolyzed Vegetable Protein market by top players/brands, region, type and end user. This report also studies the global Hydrolyzed Vegetable Protein market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Ajinomoto Co., Inc.
Kerry Group plc
Tate & Lyle plc
Brolite Products Co. Inc.
Astron Chemicals S.A.
McRitz International Corporation
Good Food, Inc.
Michimoto Foods Products Co. Ltd.
Unitechem Co. Ltd.
Market size by Product
Market size by End User
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Hydrolyzed Vegetable Protein market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Hydrolyzed Vegetable Protein market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Hydrolyzed Vegetable Protein companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Hydrolyzed Vegetable Protein submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Hydrolyzed Vegetable Protein are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hydrolyzed Vegetable Protein market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.