Global Hydrolysed Vegetable Protein (HVP) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Hydrolysed Vegetable Protein (HVP) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Hydrolysed vegetable protein is derived from boiling cereals or legumes in hydrochloric acid and then neutralizing the solution with sodium hydroxide. The acid breaks down, the protein present in vegetables into their component amino acids. The resulting product is further known as hydrolysed vegetable protein. Hydrolysed vegetable protein is widely used as a flavor enhancer in many processed foods such as soups, sauces, stews, seasoned snack foods, gravies, hot dogs, dips and dressings. It is also blended with other spices to make seasonings that are used in or on foods.

According to our (Global Info Research) latest study, the global Hydrolysed Vegetable Protein (HVP) market size was valued at US$ 1538 million in 2023 and is forecast to a readjusted size of USD 2112 million by 2030 with a CAGR of 4.7% during review period.

The Hydrolysed Vegetable Protein (HVP) market is very fragmented and the competition is fierce. According to the survey, the world"s top 5 manufacturers Tate & Lyle, Archer Daniels Midland, Exter, Griffith Foods and Sensient Technologies accounted for less than 20% of the market share in 2019.The technology of each manufacturer is relatively mature, and the world"s leading manufacturers are working hard to develop new application areas. As the largest producer, China produced about 160 K tons of Hydrolysed Vegetable Protein (HVP) in 2019, accounting for 40% of the global total approximately. Meanwhile, China is the largest consumption place, with a consumption market share nearly 30% in 2019. Following China, European Union is the second largest consumption place with the consumption market share of about 20%.

This report is a detailed and comprehensive analysis for global Hydrolysed Vegetable Protein (HVP) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Hydrolysed Vegetable Protein (HVP) market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2019-2030

Global Hydrolysed Vegetable Protein (HVP) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2019-2030

Global Hydrolysed Vegetable Protein (HVP) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2019-2030

Global Hydrolysed Vegetable Protein (HVP) market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrolysed Vegetable Protein (HVP)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrolysed Vegetable Protein (HVP) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tate & Lyle, Archer Daniels Midland, Exter, Griffith Foods, Sensient Technologies, Vitana, Kerry, Aipu, Cargill, Basic Food Flavors, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrolysed Vegetable Protein (HVP) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Soy HVP
Wheat HVP
Others HVP

Market segment by Application
Soy Sauce
Other Sauces
Soup Bases
Marinade
Other Food
Others

Major players covered
Tate & Lyle
Archer Daniels Midland
Exter
Griffith Foods
Sensient Technologies
Vitana
Kerry
Aipu
Cargill
Basic Food Flavors
San Soon Seng Food Industries
Ajinomoto
New Weikang
Levapan
Way Chein
Campbell
IFF
Givaudan
Firmenich
Mitsubishi Corporation Life Sciences
Symega
Haco
Symrise
A. Costantino & C. spa
Flavor House
Weijia
Ingredient Inc
Nactis Flavours
Zamek
Foodchem International
Inthaco
Suboneyo Chemicals Pharmaceuticals
Philippine Aminosan
Zhonghui
New Alliance Dye Chem
Titan Biotech

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrolysed Vegetable Protein (HVP) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrolysed Vegetable Protein (HVP), with price, sales quantity, revenue, and global market share of Hydrolysed Vegetable Protein (HVP) from 2019 to 2024.

Chapter 3, the Hydrolysed Vegetable Protein (HVP) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrolysed Vegetable Protein (HVP) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Hydrolysed Vegetable Protein (HVP) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrolysed Vegetable Protein (HVP).

Chapter 14 and 15, to describe Hydrolysed Vegetable Protein (HVP) sales channel, distributors, customers, research findings and conclusion.