Hydrolysed Vegetable Protein (HVP) Market
Hydrolysed Vegetable Protein (HVP) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Hydrolysed Vegetable Protein (HVP) Market Size and Growth
The Hydrolysed Vegetable Protein (HVP) market is witnessing growth due to increasing demand for plant-based protein sources in food and beverage industries. As of 2023, the market size is estimated at approximately USD 1.5 billion, with a projected CAGR of 6% over the next five years, driven by healthconscious consumers.
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Companies Covered
(Covid 19 Impact Covered)
◍ 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
The Hydrolysed Vegetable Protein (HVP) Market features companies like Tate & Lyle, ADM, and Kerry, which leverage HVP to enhance flavor and nutritional content in food products. Their innovations and product diversification drive market growth. Notable sales revenues include:
- Tate & Lyle: ~$1.3 billion
- ADM: ~$74 billion
- Kerry: ~$8 billion
Market Segmentation
By Application
Soy Sauce
Other Sauces
Soup Bases
Marinade
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By Product
Soy HVP
Wheat HVP
$ 2.00 Billion
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