What are the Historical Developments and Current Growth Metrics of the Hydrolyzed Vegetable Proteins Market?
The hydrolyzed vegetable proteins market has seen considerable growth due to a variety of factors.
•The market size for hydrolyzed vegetable proteins has seen substantial growth in the past few years. It is projected to increase from $1.64 billion in 2024 to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
This growth in the historic era is due to the rising need for high-grade proteins in emerging markets, the growth of the pet food sector, burgeoning demand for functional foods, increasing need for sustainable ingredients, and an uptick in demand for organic and natural products.
What Does Future Hold for The Hydrolyzed Vegetable Proteins Market Size?
The hydrolyzed vegetable proteins market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for hydrolyzed vegetable proteins is predicted to experience significant expansion in the coming years, reaching an impressive $2.41 billion by the year 2029, with a compound annual growth rate (CAGR) of 8.0%.
The projected growth within this period could be as a result of a surge in demand for proteins derived from plants, growth in the food and drink sector, heightened awareness of health, increasing rates of obesity, and the rising trend of ready-to-eat meals. Key developments expected to occur within this forecast period include progress in food technology, growth in the cosmetics industry, and the introduction of environment-friendly ingredients.
What Key Factors and Trends are Driving the Growth of the Hydrolyzed Vegetable Proteins Market?
The rise in the trend of adopting vegan and vegetarian diets is predicted to fuel the expansion of the hydrolyzed vegetable protein market. Vegan and vegetarian diets, which completely avoid animal-derived food, are increasingly preferred. Hydrolyzed vegetable protein, obtained from plant sources, provides a flexible and environmentally sustainable solution to fulfill the protein demands of vegan and vegetarian consumers. For instance, as reported by the National Library of Medicine, a biomedical library based in the US, in December 2023, the compliance with vegan or vegetarian dietary habits fluctuated between 3.1% in 2021 and 6.1% in 2022, averaging at 4.6% of the respondents adhering to these diets. Thus, the escalating trend of vegan and vegetarian diets is triggering the expansion of the hydrolyzed vegetable protein market.
What are the Market Segments in the Hydrolyzed Vegetable Proteins Market?
The hydrolyzed vegetable proteins market covered in this report is segmented –
1) By Source: Soy, Wheat, Corn, Pea, Other Sources
2) By Form: Dry Powder, Liquid
3) By Function: Flavoring Agent, Emulsifying Agent, Other Functions
4) By Application: Bakery And Confectionary, Processed Food Products, Meat Substitutes, Beverages, Other Applications
Subsegments:
1) By Soy: Soy Protein Isolate, Soy Protein Concentrate, Hydrolyzed Soy Protein
2) By Wheat: Wheat Protein Isolate, Hydrolyzed Wheat Protein
3) By Corn: Corn Protein Isolate, Hydrolyzed Corn Protein
4) By Pea: Pea Protein Isolate, Hydrolyzed Pea Protein
5) By Other Sources: Rice, Potato, Sunflower
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What Trends are Shaping the Hydrolyzed Vegetable Proteins Market?
The hydrolyzed vegetable protein market is observing a major trend in the form of product inventions. Companies that play a key role in the market are engaged in bringing forth innovative products to maintain their share in the marketplace. For example, Crespel & Deiters GmbH & Co. KG, a manufacturer of wheat protein based in Germany, introduced the textured wheat protein Lory Tex in November 2022. Known for providing texture, Loryma's wheat proteins are predominantly used in creating vegetarian, vegan meat, and fish alternatives that are tastier, healthier, and more visually appealing. The textured wheat proteins from Lory Tex are essential in maintaining a balanced diet and stand as the basis for innovative food creations and forward-looking food discoveries. Particularly ideal for vegetarian products and for enhancing proteins in low-carb diets that utilize vegetable proteins, wheat texturates offer a meat-like texture.
Who Are the Key Players in the Hydrolyzed Vegetable Proteins Market?
Major companies operating in the hydrolyzed vegetable proteins market include:
• Cargill Inc.
• Archer Daniels Midland Company
• Caremoli SPA
• Jones-Hamilton Co.
• Ajinomoto Co. Inc.
• Kerry Group plc.
• Symrise AG
• Koninklijke DSM N.V.
• Givaudan SA
• Tate And Lyle plc.
• Sensient Technologies Corporation
• Griffith Foods Inc.
• Sun Impex International Foods LLC
• Aipu Food Industry Co. Ltd.
• Exter
• Titan Biotech Limited
• Chaitanya Biologicals Pvt. Ltd
• Aarkay Food Products Ltd.
• Nactis Flavours
• Caremoli Dien Inc.
• New Alliance Dye Chem Pvt. Ltd.
• Dien Inc.
• Shanghai Bichain Industrial Chemical Co. Ltd.
• Astron Chemicals S.A.
• Henan Hengernuo Biotechnology Co. Ltd.
• PMV Nutrient Products Pvt. Ltd.
• Shandong Jianyuan Group Co. Ltd.
What are the Regional Insights into the Hydrolyzed Vegetable Proteins Market?
North America was the largest region in the hydrolyzed vegetable proteins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrolyzed vegetable proteins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
