Hydrolyzed Vegetable Proteins Global Market Trends, Growth And Outlook Report 2023 To 2032

The Hydrolyzed Vegetable Proteins Global Market Report 2023, provides comprehensive information on the hydrolyzed vegetable proteins market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

 

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As per The Business Research Company’s Hydrolyzed Vegetable Proteins Global Market Report 2023, the global hydrolyzed vegetable proteins market is expected to grow from $1.42 billion in 2022 to $1.53 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrolyzed vegetable proteins market is expected to reach $2.03 billion in 2027 at a CAGR of 7.3%.

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Product innovations are a key trend gaining popularity in the hydrolyzed vegetable protein market. Major companies operating in the hydrolyzed vegetable protein market are focused on innovating new products to sustain their position in the market. For instance, in June 2020, Cargill Inc., a US-based food company, launched a new plant-based protein brand called PlantEver in China. This brand offers two plant-based products: a chicken-alternative nugget and a beef-alternative patty. These products aim to provide Chinese consumers with the nutritional benefits of vegetarian products while delivering the satisfying taste of meat. With PlantEver, Cargill aims to cater to the growing demand for plant-based protein options in China and offer consumers a flavorful and sustainable alternative to traditional meat-based products.

The hydrolyzed vegetable proteins market is segmented:

1) By Source: Soy, Wheat, Corn, Pea, Other Sources

2) By Form: Dry Powder, Liquid

3) By Function: Flavoring Agent, Emulsifying Agent, Other Functions

4) By Application: Bakery And Confectionary, Processed Food Products, Meat Substitutes, Beverages, Other Applications

North America was the largest region in the hydrolyzed vegetable proteins market in 2022.

The table of contents in TBRC’s hydrolyzed vegetable proteins market report includes:

1. Executive Summary
2. Hydrolyzed Vegetable Proteins Market Characteristics
3. Hydrolyzed Vegetable Proteins Market Trends And Strategies
4. Hydrolyzed Vegetable Proteins Market – Macro Economic Scenario
5. Global Hydrolyzed Vegetable Proteins Market Size and Growth

….………………………………………………………………………………………………………..

32. Global Hydrolyzed Vegetable Proteins Market Competitive Benchmarking
33. Global Hydrolyzed Vegetable Proteins Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hydrolyzed Vegetable Proteins Market
35. Hydrolyzed Vegetable Proteins Market Future Outlook and Potential Analysis
36. Appendix

 

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