Hydrolyzed vegetable protein (HVP) is a flavor enhancer used in processed foods. It is usually produced by acid hydrolysis of soybean, corn, or wheat, which are broken down into amino acids. HVP is also produced by enzyme hydrolysis or by alkaline treatment. It is added to food products such as soup, bouillon cubes, seasonings, spices, beef products, flavorings, veggie burgers, imitation meat products, sauces, gravy, cheese powder, and functional beverages among others.
Though HVP is produced chemically, manufacturers consider it to be natural flavoring as it is originally derived from vegetable products. It is also considered as the most sustainable protein ingredients. Increased disposable income and change in lifestyle leading to high demand for convenience food cause increased consumption of HVP, thus driving the market growth.

The global Hydrolyzed Vegetable Protein market is valued at 184.1 million US$ in 2020 is expected to reach 226.2 million US$ by the end of 2026, growing at a CAGR of 2.9% during 2021-2026.
This report focuses on Hydrolyzed Vegetable Protein volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Hydrolyzed Vegetable Protein market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.
Market Segment Analysis
The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Hydrolyzed Vegetable Protein market is segmented into
Dry Powder
Paste
Liquid

Segment by Application
Food Products
Functional Beverages

Global Hydrolyzed Vegetable Protein Market: Regional Analysis
The Hydrolyzed Vegetable Protein market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Hydrolyzed Vegetable Protein market report are:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global Hydrolyzed Vegetable Protein Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Hydrolyzed Vegetable Protein market include:
Griffith Laboratories
Ajinomoto Co., Inc.
Kerry Group plc
Tate & Lyle plc
Givaudan
Jones-Hamilton Co.
DSM
Diana Group
Brolite Products Co. Inc.
Caremoli Group
Astron Chemicals S.A.
McRitz International Corporation
Good Food, Inc.
Michimoto Foods Products Co. Ltd.
Dien Inc.
Unitechem Co. Ltd.