The global hydrolyzed vegetable protein (HVP) market is estimated to grow at a CAGR of 5.0% from US$ 1343.4 million in 2020 to US$ 1800.4 million in 2026.
Hydrolyzed Vegetable Protein (HVP) substances are crops acquired by protein hydrolysis and are applied as elements to make a bouillon (stock) taste deprived of the vegetables, bones, stewing, or other standard components of making bouillon without any preparation. With respect to creation measure, a qualification can be made between corrosive hydrolyzed vegetable protein (aHVP), enzymatically delivered HVP, and different flavors, e.g., aged soy sauce.
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Key Players:
Major key players in the global market include Ajinomoto, Kerry Group, Jones-Hamilton Co., DSM, Diana Group, Tate & Lyle, Givaudan, Kerry Group, Caremoli Group, Astron Chemicals S.A., Brolite Products Co. Inc., McRitz International Corporation, Dien Inc., Good Food, Inc., Innova Flavors, Unitechem Co., Ltd., Michimoto Foods Products Co., Ltd. among others.

The global hydrolysed vegetable protein market is segmented based on raw material, form, end-user, and region. Based on raw materials, the global market is segmented into corn, wheat, pea, rice, soy, and others. Based on form, the global market is segmented into powder & granules, paste, liquid. Based on end-user, the global market is segmented into the food & beverage industry, cosmetic & personal care industry, pharmaceutical industry. Based on region, the global market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, Latin America.
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The Asia Pacific presently holds a significant share in the worldwide hydrolyzed protein market and is expected to keep ruling the market during the conjecture time frame. Rising interest in wholesome food and refreshments in prominent Asian nations, for example, China, India, South Korea, and Australia are relied upon to move the development of the market. The developing populace in significant Asian nations, alongside development in worldwide exchange and expanded per capita salary of the Asian populace is additionally expected to support the market. North America is extended to follow the Asia Pacific in the worldwide market, attributable to the rising utilization of hydrolyzed vegetable protein in food and drink, and other noticeable enterprises, for example, cosmetics.
In 2013, Cargill Inc. dispatched a solvent hydrolyzed wheat protein to suit different drink ranges. The new item gives refreshment makers an occasion to create clear protein drinks.
In 2012, Innova, part of Griffith Laboratories, dispatched a novel low-sodium hydrolyzed vegetable protein that incorporates a line of Vegamine AT items. The item professes to improve the kind of food and poultry type flavors to hamburger type flavors.
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