The global hydrolyzed plant protein market size will grow by USD 440.9 million during 2019-2023. This market report provides a detailed analysis of the market by product (hydrolyzed soy protein, hydrolyzed pea protein, hydrolyzed wheat protein, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including Archer Daniels Midland Co., Cargill Inc., Kerry Group Plc, Roquette Frères SA, and Tate & Lyle Plc.
Key Insights on Hydrolyzed Plant Protein Market - Global Forecast 2019-2023
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Industry overview
Hydrolyzed plant proteins are being increasingly used in food and beverages due to their functional properties. They possess excellent water and fat-holding capabilities, which helps in determining certain quality aspects of food products such as juiciness and tenderness. They also exhibit high thermal stability and help in the sterilization of food products. These proteins have greater solubility compared to other protein types and are used in producing fruit juices and other beverages. They are also used as a baking ingredient in many bakery products, especially in biscuits, cakes, pizza base, and breadcrumbs. The increasing use of hydrolyzed plant proteins in the food and beverage industry will be a major factor driving the market’s growth during the forecast period.
The increasing use of hydrolyzed soy proteins in the cosmetic industry is one of the major hydrolyzed plant protein market trends that will gain traction in the coming years. Consumers are increasingly inclining toward the use of beauty and cosmetic products that contain plant-based ingredients such as hydrolyzed plant proteins. Hydrolyzed soy protein exhibits high effectiveness as a skin and hair conditioning agent. These proteins enhance hair manageability, texture, reduce flaking, and improve the general appearance of hair. As a result, manufacturers across the cosmetics and personal care industry are capitalizing on this consumer trend by introducing plant-based ingredients such as hydrolyzed soy proteins in their products. This has increased the demand for hydrolyzed soy protein across the cosmetics and personal care industry. Such factors will drive hydrolyzed plant protein market growth at a CAGR of 5% during 2019-2023.
Top Companies in Hydrolyzed Plant Protein Market
This global market is fragmented. To help clients improve their market positions, this hydrolyzed plant protein market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This hydrolyzed plant protein market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading hydrolyzed plant protein manufacturers, including:
- Archer Daniels Midland Co.
- Cargill Inc.
- Kerry Group Plc
- Roquette Frères SA
- Tate & Lyle Plc
Market Segmentation
Hydrolyzed Plant Protein Market by Product
- Hydrolyzed soy protein
- Hydrolyzed ped protein
- Hydrolyzed wheat protein
- Others
The hydrolyzed soy protein market segment held the largest market share in 2018 and will account for the highest hydrolyzed plant protein market share over the forecast period. Hydrolyzed soy proteins are one of the most preferred sources of high-quality protein for animal feed purposes. The growing demand for hydrolyzed soy protein in animal feed has encouraged many governments to launch several initiatives to boost the production of plant-based proteins. These factors are driving the growth of the market segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrolyzed plant protein market size.
Hydrolyzed Plant Protein Market by Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that Europe will account for the highest share of the hydrolyzed plant protein market throughout the forecast period. Market vendors in the region are increasingly investing in R&D activities and are launching new varieties of plant-based ingredients because of the consumer inclination toward protein-rich plant-based diets. This is one of the key factors influencing hydrolyzed plant protein market growth in Europe.
Major Highlights of the Hydrolyzed Plant Protein Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the hydrolyzed plant protein market during the next five years
- Precise estimation of the global hydrolyzed plant protein market size and its contribution to the parent market
- Accurate hydrolyzed plant protein market forecast on upcoming trends and changes in consumer behavior
- The growth of the hydrolyzed plant protein industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of hydrolyzed plant protein manufacturers
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