Industry Background:
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 market for Hydrolyzed Vegetable Protein is expected to register a CAGR of 5.5% during the forecast period to 2026. This growth is primarily driven by The Rise in Demand for Protein-Rich Natural Ingredients and Clean Labelled Food Products and Increasing Disposable Income and Change in Lifestyle.
The Food Products sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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 natural’s capabilities and its presence in the high growth markets of Asia Pacific.
Market Drivers
- The Rise in Demand for Protein-Rich Natural Ingredients and Clean Labelled Food Products
- Increasing Disposable Income and Change in Lifestyle
Market Trend
Restraints
- Negative Symptoms from MSG Consumption
Opportunities
Growth of Food & Beverage Industry in Asia-Pacific Region
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hydrolyzed Vegetable Protein Study Sheds Light on
The Hydrolyzed Vegetable Protein Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hydrolyzed Vegetable Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hydrolyzed Vegetable Protein industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.