The global hydrolyzed vegetable protein market is likely to arrive at a valuation of USD 1,444.0 million in 2023. From 2023 to 2033, a positive 7.2% CAGR is anticipated to drive market acceleration. This should result in a USD 2,886.0 million in 2033.
Hydrolyzed vegetable protein is used for creating foodstuffs via protein hydrolysis. These foodstuffs are then added to recipes as ingredients for creating broth flavors without bones or vegetables. Their use is common in the production of ready-to-cook bouillons and soups. They are also used for rounding off the taste of snacks, meat products, and sauces.
Hydrolyzed vegetable protein dates back to the first half of the 19th century. Back in the day, Swedish chemist Jacob Berzelius used hydrochloric acid to hydrolyze proteins. As a result, he obtained products with a meat broth taste.
Since then, several food technologists have uncovered a few substances that contributed to the meat broth taste. Those substances were amino acids, proteins containing threonine, and glutamic acid. In 1886, Julius Maggi, a Swiss entrepreneur, made history by producing the first ever industrial acid-catalyzed hydrolyzed vegetable protein.
Nowadays, the production of hydrolyzed vegetable protein is reliant on protein-rich food products. Most manufacturers rely on deriving hydrolyzed vegetable protein from sources such as wheat gluten, soybean meal, and maize meal. Manufacturing of hydrolyzed vegetable protein varies depending on the end product’s desired organoleptic characteristics.
The use of hydrolyzed vegetable proteins is rampant in sectors where food production depends on processes such as drying, freezing, or canning. These processes typically involve loss of flavor and taste, which hydrolyzed vegetable proteins can compensate for.
According to Future Market Insights (FMI), the popularity of ready-to-eat and processed foods is set to skyrocket between 2023 and 2033. This should drive demand for hydrolyzed vegetable proteins and provide lucrative opportunities to players. However, FMI anticipates certain challenges to limit market expansion as well.
For starters, there are debates suggesting that hydrolyzed vegetable proteins may trigger allergies. There still is not sufficient research to prove if that is truly the case. As long as there is no conclusive research to suggest that hydrolyzed vegetable proteins don’t cause allergies, there is bound to be some skepticism.
| Attribute | Key Insights |
|---|---|
| Estimated Hydrolyzed Vegetable Protein Market Value (2023) | USD 1,444.0 million |
| Projected Market Value (2033) | USD 2,886.0 million |
| Value-based CAGR (2023 to 2033) | 7.2% |
| Top Players Share in 2022 | 36.3% |
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From 2018 to 2022, FMI observed a steady 6.8% CAGR for the market for hydrolyzed vegetable protein. However, between 2020 and 2022, there was a spike in the rate of market acceleration which amounted to around 7.6% CAGR. FMI believes that this spike is a result of the rising adoption of dietary practices such as vegetarianism and veganism.
In recent years, several studies have been carried out to compare animal and vegetable proteins. Animal proteins contain several healthy vitamins and minerals. However, they also contain cholesterol and saturated fat, which are known for their adverse health effects.
On the other hand, vegetable proteins don’t contain cholesterol and saturated fat. This makes vegetable proteins the healthier choice for consumers, especially those who are keen on lowering cardiovascular disease risks. Vegetable proteins may also be beneficial in terms of weight management and cancer prevention.
The older generations among the global population are still not fully aware of the health benefits of vegetable proteins. However, Gen Z and millennials around the world are increasingly embracing vegetarianism and veganism. FMI expects players in the market for hydrolyzed vegetable protein to target Gen Z and millennial consumers in the coming years.
| Market Statistics | Details |
|---|---|
| Jan - Jun (H1), 2021 (A) | 5.5% |
| Jul - Dec (H2), 2021 (A) | 6.1% |
| Jan - Jun (H1),2022 Projected (P) | 6.4% |
| Jan - Jun (H1),2022 Outlook (O) | 6.1% |
| Jul - Dec (H2), 2022 Outlook (O) | 7.4% |
| Jul - Dec (H2), 2022 Projected (P) | 7.1% |
| Jan - Jun (H1), 2023 Projected (P) | 6.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | 30 |
| BPS Change : H1,2022 (O) - H1,2021 (A) | 65 |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | (-) 30 |
| BPS Change: H2, 2022 (O) - H2, 2022 (A) | (+) 135 |
Heart Health Improvement to Gain Traction among Consumers and Spur Hydrolyzed Vegetable Protein Demand
Statistics released by the United States’ Centers for Disease Control and Prevention (CDC) indicate that cardiovascular conditions contribute to around 2 deaths per minute in the country. According to the World Health Organization (WHO), around 18 million people die from cardiovascular diseases globally every year.
Stress and unhealthy lifestyles are triggering a wide variety of cardiovascular conditions. FMI anticipates this trend to prevail from 2023 to 2033. It should translate to escalating hydrolyzed vegetable protein demand as consumers are likely to prioritize lowering cardiovascular health risks.
Hydrolyzed vegetable proteins can significantly reduce the levels of blood LDL-cholesterol. This can improve heart health among consumers. Animal protein consumption is likely to plummet owing to its potential of triggering negative health effects.
Principal Consultant
| Region | North America |
|---|---|
| Country | The United States |
| CAGR | 6.2% |
| BPS Analysis | (-)104 |
| Market Value (2033) Million | USD 297.5 Million |
| Region | Europe |
|---|---|
| Country | The United Kingdom |
| CAGR | 6.5% |
| BPS Analysis | (-)259 |
| Market Value (2033) Million | USD 105.4 Million |
| Region | Asia |
|---|---|
| Country | China |
| CAGR | 6.9% |
| BPS Analysis | (-)37 |
| Market Value (2033) Million | USD 88.1 Million |
| Region | Asia |
|---|---|
| Country | India |
| CAGR | 7.4% |
| BPS Analysis | (-)382 |
| Market Value (2033) Million | USD 59.2 Million |
| Region | Asia |
|---|---|
| Country | Japan |
| CAGR | 8.1% |
| BPS Analysis | 97 |
| Market Value (2033) Million | USD 44.8 Million |
Prevalence of Cardiovascular Diseases and Presence of Reputed Manufacturers to Propel Hydrolyzed Vegetable Protein Sales
FMI expects North America to dominate the global market for hydrolyzed vegetable protein between 2023 and 2033. The United States looks set to lead the regional market in the years ahead. Right now, the United States market holds a 20.6% share in the global industry.
In the United States, hydrolyzed plant protein products are increasingly finding favor among athletes. Professional athletes in the country are gradually moving away from the consumption of animal proteins. In the long run, FMI anticipates this to generate substantial hydrolyzed vegetable protein sales.
The United States is also home to prominent hydrolyzed vegetable protein manufacturers such as Synergy and Basic Food Flavors. These manufacturers are likely to amplify their efforts in making hydrolyzed vegetable protein products more affordable and effective in the years ahead.
Diabetes Prevention Priorities to Drive Hydrolyzed Vegetable Protein Demand in the United Kingdom
At present, the United Kingdom market for hydrolyzed vegetable protein holds a 7.3% share in the global industry. Consumers in the United Kingdom are looking for safer and healthier alternatives to animal proteins. This trend is set to gain momentum in the coming years and generate hydrolyzed plant protein demand.
On the healthcare front, diabetes is a prominent challenge facing people living in the United Kingdom. Predictions suggest that a whopping 5 million people will fall prey to the disease in the country in 2025. As diabetes prevention measures gain further momentum, adoption of hydrolyzed vegetable protein looks inevitable.
Tate & Lyle, a reputed hydrolyzed vegetable protein manufacturer, is based out of London. FMI anticipates the manufacturer to play a prominent role in shaping the United Kingdom market over the next decade.
Obesity Combined with Thriving Fast Food Industry to Spur Hydrolyzed Vegetable Protein Sales in China
China is facing an obesity crisis right now. Unchecked chronic obesity can significantly raise risks of developing severe cardiovascular disorders. Shifting from animal protein to vegetable protein can be effective in keeping the risks in check.
According to FMI research, China market for hydrolyzed vegetable protein is likely to attain a USD 88.1 million in 2033. This expectation is a result of the burgeoning popularity of hydrolyzed vegetable protein products in the country.
In China, it is not only the health benefits of vegetable protein that are contributing to escalating demand. The country is home to a thriving fast food sector, where preparations’ flavors and tastes can be efficiently enhanced by hydrolyzed vegetable protein products.
Soy Protein’s High Protein Content and Health Benefits to Make it the Leading Segment Based on Product Type
On the basis of product type, FMI expects soy protein to generate maximum hydrolyzed plant protein sales. Presently, the segment has a whopping 32.9% share in the global market. Soy protein, sourced from soybeans, is experiencing a significant surge in popularity owing to its affordability.
Soy protein also has several health benefits to offer. For instance, it facilitates muscle building and weight loss. Regular consumption of soy protein can also help in boosting energy. It can also be helpful in managing conditions such as osteoporosis, heart disease, and hormone imbalance.
The protein content in soy protein is around 90%, which is higher compared to other vegetable proteins. FMI anticipates these positives of soy protein to make it the preferred product type among consumers in the coming years.
Personalization and Cost-Effectiveness to Accelerate the Direct Distribution Channel Segment
On the basis of distribution channel, direct channels are likely to gain more traction compared to indirect variants. According to FMI’s observations, the direct distribution channel accounts for a 54.6% share in the global industry. This lion’s share is a result of consumers’ growing trust in the direct-to-customer model.
For hydrolyzed vegetable protein companies, this model offers a great way to understand their target audiences better. As a result, they personalize their products and marketing strategies based on their audiences’ tastes and preferences.
The model is also more cost-effective compared to indirect distribution. As a result, this segment is likely to experience commendable acceleration between 2023 and 2033.
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The global market for hydrolyzed vegetable protein is still in its nascent stages. As a result, the market is consolidated by the prominent players. In the coming years, FMI anticipates more players to emerge and contribute to accelerating market competition.
Companies are keen on delivering organic solutions to customers that can help to keep them healthy. Unique marketing strategies are also likely as competitors would want to differentiate their offerings. Acquisitions are also probable based on events from the recent past.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,444.0 million |
| Projected Market Size (2033) | USD 2,886.0 million |
| Anticipated Growth Rate (2023 to 2033) | 7.2% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Argentina, Germany, France, Italy, the United Kingdom, Spain, BENELUX, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Vietnam, Singapore, Philippines, Australia, New Zealand, GCC countries, Türkiye, Egypt, and South Africa |
| Key Segments Covered | Form, Product Type, End Use, Distribution Channel, and Region |
| Key Companies Profiled | Glanbia Plc; Ajinomoto Co., Inc.; Cargill Inc.; Tate & Lyle Plc.; DuPont de Nemours, Inc.; Puris Proteins LLC; Fuji Oil Holdings, Inc.; Scoular; Innova Flavors; Axiom Foods, Inc.; Wilmer International Limited; Burcon NutraScience Corporation; AMCO Proteins; Roquette Fréres |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is estimated to secure a valuation of USD 1,444.0 million in 2023.
The market is forecast to register a CAGR of 7.2% through 2033.
The market developed at a CAGR of 6.8% from 2018 to 2022.
The popularity of ready-to-eat and processed foods drives sales.
The global market size is estimated to be worth USD 2,886.0 million by 2033.
1. Executive Summary | Hydrolyzed Vegetable Protein Market 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD million) and Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Soy Protein 7.2. Wheat Protein 7.3. Pea Protein 7.4. Rice Protein 7.5. Chia Protein 7.6. Flax Protein 7.7. Corn Protein 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 8.1. Chunks 8.2. Slice 8.3. Flakes 8.4. Granules 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Household 9.2. Commercial 9.3. Industry 9.3.1. Food Industry 9.3.1.1. Snacks & Functional Bars 9.3.1.2. Ready Meals 9.3.1.3. Sports Nutrition 9.3.1.4. Clinical Nutrition 9.3.1.5. Baby Food 9.3.1.6. Meat Analogues/Meat Extenders 9.4. Animal Feed 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 10.1. Direct 10.2. Indirect 10.3. Hypermarkets 10.4. Convenience Stores 10.5. Traditional Stores 10.6. Online Retailers 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country-level Market Analysis (2018 to 2022) and Forecast 2023 to 2033) 20. Market Structure Analysis 21. Competition Analysis 21.1. Glanbia Plc. 21.2. Ajinomoto Co., Inc. 21.3. Cargill Inc. 21.4. Tate & Lyle Plc. 21.5. DuPont de Nemours, Inc. 21.6. Puris Proteins LLC 21.7. Fuji Oil Holdings, Inc. 21.8. The Scoular Company 21.9. Innova Flavors 21.10. Axiom Foods, Inc. 21.11. Wilmar International Limited 21.12. Burcon NutraScience Corporation 21.13. AMCO Proteins 21.14. Roquette Fréres 21.15. Other Players (On Additional Requests) 22. Assumptions and Acronyms Used 23. Research Methodology
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Hydrolysed Vegetable Protein Market
