Hydrolyzed Vegetable Protein Market Growth Analysis | Aarkay Food Products Ltd., Aipu Food Industry, and Ajinomoto Co. Inc. are among key contributors

Competitive Benchmarking and Forecasts for Market Players 2023-2027

According to Technavio's market research, the Hydrolyzed Vegetable Protein Market is projected to increase by USD 710.17 Mn and the market size is estimated to grow at a CAGR of 5.55% between 2023 and 2027

Senior Analyst at Technavio Quoted ~ " The increasing availability of hydrolyzed vegetable proteins across e-commerce platforms is notably driving the market growth. "

Core Companies and their Key Offerings: When it comes to the key market players, rising online grocery shopping globally has enabled businesses to target internet-savvy customers and reduce costs.

Online channels help companies to reach remote areas without physical stores. Leading online grocery stores like Amazon, Walmart, Nature's Basket, and Bigbasket offer hydrolyzed vegetable protein generating demand from end users thus propelling market expansion.

Snapshot of the Hydrolyzed Vegetable Protein Market  Analysis

Some of the offerings by core companies comprise

• Chaitanyaagrobiotech.co.in offers hydrolyzed vegetable proteins such as Spray Dried Powder.
•  Caremoli SpA offers hydrolyzed vegetable proteins under the brand Careprotein.
• Belvitafood offers hydrolyzed vegetable proteins such as soy protein, Ground Nut Protein, and Wheat Protein.

Prominent names such as AKOLA CHEMICALS Ltd., BELVITA FOOD INGREDIENTS PVT. LTD., Caremoli SpA, Chaitanya Agro Biotech Pvt. Ltd., Foodchem International Corp., Givaudan SA, Griffith Foods Worldwide Inc., Innova Flavors, Kerry Group Plc, Merck and Co. Inc., New Alliance Dye Chem Pvt. Ltd., Shanghai Bichain Industrial Chemical, SUN IMPEX INTERNATIONAL FOODS LLC, Tate and Lyle Plc, Titan Biotech Ltd., etc are some of the major market participants.

Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers followed by detailed profiling of the market players along with competitive benchmarking. Download our sample to learn more about the Hydrolyzed Vegetable Protein Market

Hydrolyzed Vegetable Protein Market Highlights

• The Hydrolyzed vegetable protein market is segmented by Type (Dry powder, Liquid, and Paste), Distribution Channel (Direct and Indirect), and Geography (Europe, North America, APAC, South America, and Middle East and Africa).
• Europe led the market with 36% of the market growth set to originate from this region during the forecast period.
• Increasing availability of hydrolyzed vegetable proteins across e-commerce platforms is one of the primary factors driving the growth of the hydrolyzed vegetable protein market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.