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
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