Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,000 Million | USD 4,000 Million | 9.05% | 2022 |
FrequentlyAsked Questions
Hydrolyzed vegetable protein is a flavour enhancer, which is used in processed foods like sauces, soups, gravies, and some meat products.
The global hydrolyzed vegetable protein market growth over forecast period can be owing to growing intake of healthy diet along with popularity of ready-to-eat dishes as well as processed & convenient diet.
According to a study, the global hydrolyzed vegetable protein industry size was $2,000 million in 2022 and is projected to reach $4,000 million by the end of 2030.
The global hydrolyzed vegetable protein market is anticipated to record a CAGR of nearly 9.05% from 2023 to 2030.
North America is set to dominate the global hydrolyzed vegetable protein industry over the forecasting timeline owing to a rise in the products used in canned food items and beverages.
The global hydrolyzed vegetable protein market is led by players such as Royal DSM N.V., Archer Daniels Midland Company, MGP, Ajinomoto Co., Inc., Roquette Frères, Griffith Foods, Symrise AG, Tate & Lyle Plc, Titan Biotech, Dohler GmbH, Sensient Technologies Corporation, Exter B.V, Ingredients, Inc., Cargill Inc., Kerry Group Plc, Aipu Food Industry, Givaudan SA, and others.
The global hydrolyzed vegetable protein market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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