Global Hydrolyzed Vegetable Protein (HVP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrolyzed Vegetable Protein (HVP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrolyzed vegetable protein, also known as HVP, is used to enhance the flavor of many processed foods such as soups, snack foods, veggie burgers, seasonings and more. Simply put, it's a food filler used in a multitude of vegetarian and organic goods, because it's considered a natural additive.

Market Overview:

The latest research study on the global Hydrolyzed Vegetable Protein (HVP) market finds that the global Hydrolyzed Vegetable Protein (HVP) market reached a value of USD 1576.42 million in 2022. It’s expected that the market will achieve USD 1898.56 million by 2028, exhibiting a CAGR of 3.15% during the forecast period.

Limitations

The MSG in Hydrolyzed Vegetable Protein can cause health problems such as headache, sweating, facial pressure or tightness, numbness, burning face and neck, heart, chest pain, nausea, weakness, etc. Although the US Food and Drug Administration (FDA) has not yet banned the use of MSG, its negative reputation among consumers may hinder Hydrolyzed Vegetable Protein market growth.
In the production process of hydrolyzed vegetable protein (HVP), more equipment is needed, the production process is more complicated, and the cost is higher. This is often not understood by consumers. This will become a barrier to the expansion of the hydrolyzed vegetable protein (HVP) market.

Key Companies in the global Hydrolyzed Vegetable Protein (HVP) market covered in Chapter 3:

ADM
New Weikang Food
Kerry
Tate & Lyle PLC
Griffith Foods Inc.
Vitana
Weijia Food
Ajinomoto Co, Inc.
Exter
TITAN BIOTECH LIMITED
Cargill
Sensient Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrolyzed Vegetable Protein (HVP) market from 2018 to 2029 is primarily split into:

Acid (powder, liquid, paste)
Enzymatic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrolyzed Vegetable Protein (HVP) market from 2018 to 2029 covers:

Food (soups, sauces, processed meats, etc)
Animal Feed
Plant Care

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)