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Hydrolyzed Vegetable Protein Market by Type, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 160
  • SKU: IRTNTR72452
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The hydrolyzed vegetable protein market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by USD 710.17 million. The growth of the market depends on serval factors, including the increasing availability of hydrolyzed vegetable proteins across e-commerce platforms, the growing prominence of private-label brands, and increasing demand for a protein-based diet.

This report extensively covers market segmentation by type (dry powder, liquid, and paste), distribution channel (direct and indirect), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Hydrolyzed Vegetable Protein Market During the Forecast Period?

Hydrolyzed Vegetable Protein Market Size

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Parent Market Analysis

The reports categorize the global hydrolyzed vegetable protein (HVP) market as a part of the global packaged foods and meats market under the global food products segment of the global packaged foods and meats market. The global packaged foods and meats market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Hydrolyzed Vegetable Protein Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing availability of hydrolyzed vegetable proteins across e-commerce platforms is notably driving market growth, although factors such as increasing demand for healthy and nutritional products may impede market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Hydrolyzed Vegetable Protein Market Driver

One of the key factors driving the market growth is the increasing availability of hydrolyzed vegetable proteins across e-commerce platforms. Online sales are convenient for consumers as they offer ease of shopping, are time-saving, and offer fast delivery services. This also helps the market vendors save on their operating and overhead costs, as they are lower in the online retail format when compared with that in the physical (brick-and-mortar) store format.

Vendors are using online channels to reach out to the rest of the consumers, who stay in remote or rural areas and do not have access to brick-and-mortar stores. Premium online stores like Amazon, Walmart, Nature's Basket, and Bigbasket, which are emerging as fast-growing online grocery stores, offer hydrolyzed vegetable protein. Such factors are expected to positively impact the market growth in the forecast period.

Significant Hydrolyzed Vegetable Protein Market Trend

Another key factor driving the market growth is the increasing adoption of organic and natural ingredients. The demand for organic and natural products has rapidly grown in the personal care and cosmeceutical sector because they act as natural cures for various skin problems. Hydrolyzed vegetable protein products are widely used as a flavoring and fragrance ingredient for various purposes in these industries.

Personal care product manufacturers are focusing on offering products made from natural ingredients, as this will help them gain larger shares in the emerging market. The emergence of several global and regional cosmetics manufacturers and retailers has resulted in the easy availability and high demand for natural personal care products worldwide. Hence, the demand for natural ingredients with therapeutic properties is expected to increase the consumption of hydrolyzed vegetable protein products in the coming years.

Major Hydrolyzed Vegetable Protein Market Challenge

One of the key challenges to the global HVP market growth is the increasing demand for healthy and nutritional products, owing to the rising awareness among consumers about the health benefits of these products. There has been a global shift in demand for healthy and nutritional products as opposed to frozen foods. Eating fresh produce provides an individual with enhanced energy, reduces the effects of aging, and helps in reducing weight.

The promotion of consumption of fresh fruits and vegetables by the World Health Organization (WHO) and a rise in the number of supermarkets is expected to negatively impact the growth of the global hydrolyzed vegetable protein (HVP) market in the forecast period.

Key Hydrolyzed Vegetable Protein Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Hydrolyzed Vegetable Protein Market Share by Geography

Global Hydrolyzed Vegetable Protein Market Customer Landscape

Who are the Major Hydrolyzed Vegetable Protein Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ajinomoto Co. Inc. - It is a public company headquartered in Japan. It is a global company generating USD 10,392.58 million in revenues and has around 33,461 employees. Its revenue from the market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company hydrolyzed vegetable protein that is used for applications such as processed meat, condiments, and biscuits.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Caremoli SpA
  • Chaitanya Agro Biotech Pvt. Ltd.
  • Foodchem International Corp.
  • Givaudan SA
  • Griffith Foods Worldwide Inc.
  • Innova Flavors
  • Kerry Group Plc
  • Merck and Co. Inc.
  • New Alliance Dye Chem Pvt. Ltd.
  • Shanghai Bichain Industrial Chemical
  • SUN IMPEX INTERNATIONAL FOODS LLC
  • Tate and Lyle Plc
  • Titan Biotech Ltd.
  • YESRAJ AGRO EXPORTS PVT. LTD.
  • Koninklijke DSM NV

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Hydrolyzed Vegetable Protein Market?

The market share growth of the dry powder segment will be significant during the forecast period. The growth is attributed to the high demand for hydrolyzed vegetable protein powders to enhance the flavor of several food formulations by breaking down the vegetable proteins into their basic amino acids, which results in covering as much as 20% glutamate in the food product.

Hydrolyzed Vegetable Protein Market Size

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The dry powder segment was valued at USD 1,116.02 million in 2017 and continued to grow until 2021Hydrolyzed vegetable protein powder is manufactured by considering various factors, such as the natural nutrients of vegetables, their longer shelf life, accurate composition, and precise pH value. It is widely used in the industry segments that deal with umami-flavored products such as meaty flavor seasonings, oriental cuisines, and also in snack seasoning. Its wide application will facilitate market growth during the forecast period.

Which are the Key Regions for the Hydrolyzed Vegetable Protein Market?

Hydrolyzed Vegetable Protein Market Share by Geography

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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The leading revenue-contributing countries in the HVP market in Europe are the UK, France, Italy, and Germany. Fat replacers, artificial sweeteners, and hydrocolloids are some of the fast-growing categories in the market in Europe. Some of the prominent vendors that offer hydrolyzed vegetable protein in the region are Givaudan SA and Kerry Group Plc. However, the competition in the market in Europe is high due to the presence of numerous local and global vendors, which prevents new players from entering the market and may restrict market growth. This will also reduce the customer base for new players, which will decrease their overall profit margins in the market. 

The outbreak of COVID-19 in 2020 negatively affected the growth of the global market in Europe due to a decline in the sales of packaged food products and other food items. However, in 2021, the reopening of restaurants, cafes, and other end-users segments will further drive the demand for hydrolyzed vegetable protein in the region, thus leading to the market's steady growth during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Dry powder
    • Liquid
    • Paste
  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Direct
    • Indirect
  • Region Outlook (USD Million, 2017 - 2027)
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Hydrolyzed Vegetable Protein Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.55%

Market growth 2023-2027

USD 710.17 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.05

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 36%

Key countries

US, China, Australia, Finland, and Denmark

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aarkay Food Products Ltd., Aipu Food Industry, Ajinomoto Co. Inc., AKOLA CHEMICALS Ltd., BELVITA FOOD INGREDIENTS PVT. LTD., Caremoli SpA, Chaitanya Agro Biotech Pvt. Ltd., Foodchem International Corp., Givaudan SA, Griffith Foods Worldwide Inc., Innova Flavors, Kerry Group Plc, Merck and Co. Inc., New Alliance Dye Chem Pvt. Ltd., Shanghai Bichain Industrial Chemical, SUN IMPEX INTERNATIONAL FOODS LLC, Tate and Lyle Plc, Titan Biotech Ltd., YESRAJ AGRO EXPORTS PVT. LTD., and Koninklijke DSM NV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the key data covered in this hydrolyzed vegetable protein market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the hydrolyzed vegetable protein market between 2023 and 2027
  • Precise estimation of the hydrolyzed vegetable protein market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of hydrolyzed vegetable protein market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global hydrolyzed vegetable protein market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global hydrolyzed vegetable protein market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Dry powder - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Dry powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Dry powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Dry powder - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Dry powder - Year-over-year growth 2022-2027 (%)
    • 6.4 Liquid - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Liquid - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Liquid - Year-over-year growth 2022-2027 (%)
    • 6.5 Paste - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Paste - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Paste - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Paste - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Paste - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 49: Chart on Comparison by Distribution Channel
      • Exhibit 50: Data Table on Comparison by Distribution Channel
    • 7.3 Direct - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Direct - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Direct - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Direct - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Direct - Year-over-year growth 2022-2027 (%)
    • 7.4 Indirect - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Indirect - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Indirect - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Indirect - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Indirect - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 59: Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Finland - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Finland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Finland - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Finland - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Finland - Year-over-year growth 2022-2027 (%)
    • 9.11 Denmark - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Denmark - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Denmark - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Denmark - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Denmark - Year-over-year growth 2022-2027 (%)
    • 9.12 Australia - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Aarkay Food Products Ltd.
              • Exhibit 112: Aarkay Food Products Ltd. - Overview
              • Exhibit 113: Aarkay Food Products Ltd. - Product / Service
              • Exhibit 114: Aarkay Food Products Ltd. - Key offerings
            • 12.4 Aipu Food Industry
              • Exhibit 115: Aipu Food Industry - Overview
              • Exhibit 116: Aipu Food Industry - Product / Service
              • Exhibit 117: Aipu Food Industry - Key offerings
            • 12.5 Ajinomoto Co. Inc.
              • Exhibit 118: Ajinomoto Co. Inc. - Overview
              • Exhibit 119: Ajinomoto Co. Inc. - Business segments
              • Exhibit 120: Ajinomoto Co. Inc. - Key news
              • Exhibit 121: Ajinomoto Co. Inc. - Key offerings
              • Exhibit 122: Ajinomoto Co. Inc. - Segment focus
            • 12.6 BELVITA FOOD INGREDIENTS PVT. LTD.
              • Exhibit 123: BELVITA FOOD INGREDIENTS PVT. LTD. - Overview
              • Exhibit 124: BELVITA FOOD INGREDIENTS PVT. LTD. - Product / Service
              • Exhibit 125: BELVITA FOOD INGREDIENTS PVT. LTD. - Key offerings
            • 12.7 Caremoli SpA
              • Exhibit 126: Caremoli SpA - Overview
              • Exhibit 127: Caremoli SpA - Product / Service
              • Exhibit 128: Caremoli SpA - Key offerings
            • 12.8 Chaitanya Agro Biotech Pvt. Ltd.
              • Exhibit 129: Chaitanya Agro Biotech Pvt. Ltd. - Overview
              • Exhibit 130: Chaitanya Agro Biotech Pvt. Ltd. - Product / Service
              • Exhibit 131: Chaitanya Agro Biotech Pvt. Ltd. - Key offerings
            • 12.9 Givaudan SA
              • Exhibit 132: Givaudan SA - Overview
              • Exhibit 133: Givaudan SA - Business segments
              • Exhibit 134: Givaudan SA - Key offerings
              • Exhibit 135: Givaudan SA - Segment focus
            • 12.10 Griffith Foods Worldwide Inc.
              • Exhibit 136: Griffith Foods Worldwide Inc. - Overview
              • Exhibit 137: Griffith Foods Worldwide Inc. - Product / Service
              • Exhibit 138: Griffith Foods Worldwide Inc. - Key offerings
            • 12.11 Innova Flavors
              • Exhibit 139: Innova Flavors - Overview
              • Exhibit 140: Innova Flavors - Product / Service
              • Exhibit 141: Innova Flavors - Key offerings
            • 12.12 Kerry Group Plc
              • Exhibit 142: Kerry Group Plc - Overview
              • Exhibit 143: Kerry Group Plc - Business segments
              • Exhibit 144: Kerry Group Plc - Key offerings
              • Exhibit 145: Kerry Group Plc - Segment focus
            • 12.13 Koninklijke DSM NV
              • Exhibit 146: Koninklijke DSM NV - Overview
              • Exhibit 147: Koninklijke DSM NV - Business segments
              • Exhibit 148: Koninklijke DSM NV - Key news
              • Exhibit 149: Koninklijke DSM NV - Key offerings
              • Exhibit 150: Koninklijke DSM NV - Segment focus
            • 12.14 Merck and Co. Inc.
              • Exhibit 151: Merck and Co. Inc. - Overview
              • Exhibit 152: Merck and Co. Inc. - Business segments
              • Exhibit 153: Merck and Co. Inc. - Key news
              • Exhibit 154: Merck and Co. Inc. - Key offerings
              • Exhibit 155: Merck and Co. Inc. - Segment focus
            • 12.15 New Alliance Dye Chem Pvt. Ltd.
              • Exhibit 156: New Alliance Dye Chem Pvt. Ltd. - Overview
              • Exhibit 157: New Alliance Dye Chem Pvt. Ltd. - Product / Service
              • Exhibit 158: New Alliance Dye Chem Pvt. Ltd. - Key offerings
            • 12.16 Tate and Lyle Plc
              • Exhibit 159: Tate and Lyle Plc - Overview
              • Exhibit 160: Tate and Lyle Plc - Business segments
              • Exhibit 161: Tate and Lyle Plc - Key news
              • Exhibit 162: Tate and Lyle Plc - Key offerings
              • Exhibit 163: Tate and Lyle Plc - Segment focus
            • 12.17 Titan Biotech Ltd.
              • Exhibit 164: Titan Biotech Ltd. - Overview
              • Exhibit 165: Titan Biotech Ltd. - Product / Service
              • Exhibit 166: Titan Biotech Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Hydrolyzed Vegetable Protein market growth will increase by $710.17 million during 2023-2027.
              The hydrolyzed vegetable protein market is expected to grow at a CAGR of 5.55% during 2023-2027.
              Technavio has segmented the hydrolyzed vegetable protein market by type (Dry powder, Liquid, and Paste) ,distribution channel (Direct, Indirect, APAC, South America, and Middle East and Africa) , and geography (Europe, North America, APAC, South America, and Middle East and Africa).
              Aarkay Food Products Ltd., Aipu Food Industry, Ajinomoto Co. Inc., AKOLA CHEMICALS Ltd., BELVITA FOOD INGREDIENTS PVT. LTD., Caremoli SpA, Chaitanya Agro Biotech Pvt. Ltd., Foodchem International Corp., Givaudan SA, Griffith Foods Worldwide Inc., Innova Flavors, Kerry Group Plc, Merck and Co. Inc., New Alliance Dye Chem Pvt. Ltd., Shanghai Bichain Industrial Chemical, SUN IMPEX INTERNATIONAL FOODS LLC, Tate and Lyle Plc, Titan Biotech Ltd., YESRAJ AGRO EXPORTS PVT. LTD., Koninklijke DSM NV are a few of the key vendors in the hydrolyzed vegetable protein market.
              Europe will register the highest growth rate of 35.63% among the other regions. Therefore, the hydrolyzed vegetable protein market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the hydrolyzed vegetable protein market growth are:
              • Increasing availability of hydrolyzed vegetable proteins across e-commerce platforms
              • Increasing adoption of organic and natural ingredients
              The hydrolyzed vegetable protein market vendors should focus on grabbing business opportunities from the dry powder segment as it accounted for the largest market share in the base year.
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