What is Global Hydrolysed Vegetable Protein (HVP) Market?
The Global Hydrolysed Vegetable Protein (HVP) Market is a vast and dynamic sector that has been gaining significant traction in recent years. Hydrolysed Vegetable Protein, or HVP, is a flavor enhancer used in processed foods. It is produced by boiling cereals or legumes, such as soy, corn, or wheat, in hydrochloric acid and then neutralizing the solution with sodium hydroxide. The acid breaks down the protein in vegetables into their component amino acids, resulting in a dark-colored liquid with a savory taste. The global HVP market was valued at US$ 1421 million in 2022 and is projected to reach US$ 1980.7 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2029.
Soy HVP, Wheat HVP, Others HVP in the Global Hydrolysed Vegetable Protein (HVP) Market:
The Global Hydrolysed Vegetable Protein (HVP) Market is segmented based on the type of vegetable protein used, namely Soy HVP, Wheat HVP, and Others HVP. Soy HVP is derived from soybeans and is widely used due to its high protein content and versatility. Wheat HVP, on the other hand, is derived from wheat and is popular in gluten-free products. Other types of HVP include those derived from corn, rice, and peas. Each type of HVP has its unique properties and applications, and the choice of HVP depends on the specific requirements of the food product. The top five manufacturers of HVP globally are Tate & Lyle, Archer Daniels Midland, Exter, Griffith Foods, and Sensient Technologies, accounting for less than 20% of the market share in 2019. These manufacturers have mature technologies and are constantly exploring new application areas for HVP.
Soy Sauce, Other Sauces, Soup Bases, Marinade, Other Food, Others in the Global Hydrolysed Vegetable Protein (HVP) Market:
The Global Hydrolysed Vegetable Protein (HVP) Market finds extensive usage in various areas such as Soy Sauce, Other Sauces, Soup Bases, Marinade, Other Food, and Others. In soy sauce, HVP is used to enhance the savory flavor and add depth to the taste. In other sauces, HVP is used to improve the overall flavor profile and make the sauce more appealing to the palate. In soup bases, HVP is used to provide a rich, meaty flavor without the need for actual meat. In marinades, HVP is used to tenderize the meat and enhance its flavor. In other foods, HVP is used as a flavor enhancer to improve the taste and aroma of the food. Other applications of HVP include its use in snacks, ready-to-eat meals, and processed meats.
Global Hydrolysed Vegetable Protein (HVP) Market Outlook:
The global Hydrolysed Vegetable Protein (HVP) market outlook reveals that China is the largest producer and consumer of HVP. In 2019, China produced about 160 K tons of HVP, accounting for approximately 40% of the global total. The country also has the largest consumption market share, nearly 30% in 2019. Following China, the European Union is the second-largest consumer of HVP, with a market share of about 20%. The mature technology of the leading manufacturers and their continuous efforts to explore new application areas for HVP are expected to drive the growth of the global HVP market in the coming years.
| Report Metric | Details |
| Report Name | Hydrolysed Vegetable Protein (HVP) Market |
| Accounted market size in 2022 | US$ 1421 in million |
| Forecasted market size in 2029 | US$ 1980.7 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Tate & Lyle, Archer Daniels Midland, Exter, Griffith Foods, Sensient Technologies, Vitana, Kerry, Aipu, Cargill, Basic Food Flavors, San Soon Seng Food Industries, Ajinomoto, New Weikang, Levapan, Way Chein, Campbell, IFF, Givaudan, Firmenich, Mitsubishi Corporation Life Sciences, Symega, Haco, Symrise, A. Costantino & C. spa, Flavor House, Weijia, Ingredient Inc, Nactis Flavours, Zamek, Foodchem International, Inthaco, Suboneyo Chemicals Pharmaceuticals, Philippine Aminosan, Zhonghui, New Alliance Dye Chem, Titan Biotech |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
