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Hydrolyzed Vegetable Proteins Market Size
- Report ID: GMI5593
- Published Date: May 2023
- Report Format: PDF
Hydrolyzed Vegetable Proteins Market Size
Hydrolyzed Vegetable Proteins Market size reached USD 1.44 billion in 2023 and is poised to exhibit over 7.3% CAGR between 2024 and 2032, driven by the growing prevalence of obesity.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hydrolyzed Vegetable Proteins Market Size in 2023: | USD 1.44 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.3% |
| 2032 Value Projection: | USD 2.72 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 268 |
| Segments covered: | Form, Product type, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
Frequently Asked Questions (FAQ) :
Hydrolyzed Vegetable Proteins Market Scope
