Global Hydrolyzed Vegetable Protein Market Overview:
Hydrolyzed Vegetable Protein (HVP) is produced from advance protein hydrolysis technology. It is created when cereals and legumes, such as soy, wheat, and corn, are boiled in hydrochloric acid. The solution is then neutralized with sodium hydroxide. The resulting liquid is further known as hydrolyzed vegetable proteins. It is a natural plant-based protein product and used to enhance the flavor of many processed foods such as soups, snack foods, veggie burgers, and seasonings and among others. According to AMA, the Global Hydrolyzed Vegetable Protein market is expected to see growth rate of 5.5%
- The Rise in Demand for Protein-Rich Natural Ingredients and Clean Labelled Food Products
- Increasing Disposable Income and Change in Lifestyle
- Negative Symptoms from MSG Consumption
- Growth of Food & Beverage Industry in Asia-Pacific Region
Some of the key players profiled in the report are Ajinomoto Co., Inc. (Japan), Kerry Group (Ireland), Tate & Lyle (United Kingdom), Jones-Hamilton Co. (United States), DSM (Netherlands), Diana Group (France), Givaudan (Switzerland), Brolite Products Co. Inc. (United States), Caremoli Group (Italy) and Astron Chemicals S.A. (Greece). Additionally, following companies can also be profiled that are part of our coverage like McRitz International Corporation (Philippines), Good Food, Inc. (United States), Michimoto Foods Products Co. Ltd. (Japan), Dien Inc. (United States), Griffith Laboratories (United States) and Unitechem Co. Ltd. (China). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Hydrolyzed Vegetable Protein market by 2024. Considering Market by Form Type, the sub-segment i.e. Dry Powder will boost the Hydrolyzed Vegetable Protein market. Considering Market by Source, the sub-segment i.e. Soy will boost the Hydrolyzed Vegetable Protein market.
On 20 May 2019, Givaudan, a leading hydrolyzed protein company announced that it has reached an agreement to acquire Golden Frog, a Vietnamese flavor company. The acquisition is expected to strengthen its naturalís capabilities and its presence in the high growth markets of Asia Pacific.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hydrolyzed Vegetable Protein market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hydrolyzed Vegetable Protein market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hydrolyzed Vegetable Protein Manufacturers, Raw Material Suppliers, Hydrolyzed Vegetable Protein Traders/Distributors, Hydrolyzed Vegetable Protein Importer/Exporter, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.