Market Size of Hydrolyzed Vegetable Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.20 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydrolyzed Vegetable Protein Market Analysis
The global hydrolyzed vegetable protein market is growing at a CAGR of 5.2% during the forecast period (2020-2025).
- The market is driven by the increasing demand for a protein-based diet which is supported by protein-rich natural ingredients and clean-labeled food products among health-conscious consumers. Also, rising demand for hydrolyzed vegetable protein has high demand as a flavor enhancer in sauces, soups, snacks, and ready-to-eat food products are further boosting the market growth. Geographically, the United States in North America and China in the Asia Pacific accounts for the largest share in the global protein hydrolysate market, and Europe and South Americais expected to register the fastest growth.
- However, the major limitation for the market is the stringent regulations set by the regulatory bodies such as the European Union and FDA, which has affected the importers of hydrolyzed vegetable protein most adversely.
