Hydrolyzed Vegetable Proteins Market Size By Product Type (Soy Protein, Wheat Protein, Rice Protein, Chia Protein, Pea Protein, Corn Protein, Flax Protein), By Form, End-use & Global Forecast, 2023-2032

Industry Drivers

Hydrolyzed Vegetable Proteins Market size reached USD 1.3 billion in 2022 and is poised to exhibit over 7% CAGR between 2023 and 2032, driven by the growing prevalence of obesity.
 

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Fast-food consumption has grown multifold, pushed by the shifting consumer inclination toward on-the-go or ready-to-eat food products. Fast food requires less time and effort, therefore, has gained significant popularity among the youth and working-class population. Hydrolyzed vegetable proteins, such as soy protein, rice protein, pea protein, and others, are added to these products to enhance their nutritional composition. However, the availability of several product alternatives may hamper industry revenue.
 

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The increasing disease burden has prompted individuals to make lifestyle changes and consume diets with rich nutritional composition, which may stimulate vegetable protein demand in the long run. The positive outlook of the fast-food business worldwide is a key contributor driving the hydrolyzed vegetable proteins market demand.
 

Soy protein demand to grow due to its ample health benefits

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The soy protein segment share will expand at 7.5% CAGR during 2023 to 2032, credited to the numerous health benefits associated with soy protein. It helps promote muscle strength and weight loss. Several studies claim that regular consumption of soy protein can help elevate energy levels and aid illnesses such as osteoporosis, heart disease, and hormone imbalance. These attributes make it popular among fitness-oriented and health-conscious individuals, thus driving product sales.
 

Food & beverages sectors to remain a prominent end-user

The food & beverages segment held over 41% share of the hydrolyzed vegetable proteins market in 2022. Healthy snacks and food items have gained commendable traction among the working population, backed by changing lifestyles, urbanization, and tight work schedules. Hydrolyzed vegetable proteins are extensively used as foaming and stabilizing agents and taste enhancers in a variety of food items, such as sausages, meat analogs, cereals, and soups. Besides, the ability of these ingredients to provide meat-like flavor, texture, appearance, and structure to non-meat items will favor their adoption across the food & beverages industry.
 

U.S. emerges as a leading market for hydrolyzed vegetable proteins by 2032           

U.S. hydrolyzed vegetable proteins market size accounted for USD 700 million in 2022. Leading manufacturers of hydrolyzed vegetable protein, such as Synergy and Basic Food Flavours, are based in the United States. These firms are anticipated to step up their efforts in the coming years to make these products more affordable and effective. In addition, an expanding working population and increasing fast food sales in the country will help the United States emerge as a prominent consumer of hydrolyzed vegetable proteins.
 

Hydrolyzed Vegetable Proteins Industry Players

Some of the leading companies involved in the hydrolyzed vegetable proteins market are Kerry Group Plc, Ajinomoto Co., Inc., Jones-Hamilton Co, DSM, Diana Group, Brolite Products Co. Inc., Caremoli Group, Tate & Lyle Plc, Givaudan, and Griffith Laboratories.
 

Hydrolyzed Vegetable Proteins Market News

• Surthrival announced the release of a plant-based protein product, Black Walnut Protein Powder, in January 2023. The product, according to the company, is the first of its type because it is sourced from black walnuts foraged from the wild.
   

This hydrolyzed vegetable proteins market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Form

• Chunks
• Slice
• Flakes
• Granules

Market, By Product Type

• Soy Protein
• Wheat Protein
• Rice Protein
• Chia Protein
• Pea Protein
• Corn Protein
• Flax Protein

Market, By End-use

• Food & Beverages
  • Bakery & Confectionery
  • Snacks & Cereals
  • Meat additives
  • Beverages
  • Others
• Cosmetics & Personal Care
• Sports Nutrition
• Infant Nutrition
• Animal Feed
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt