Hydrolyzed Vegetable Protein Market

By Source;

Soy, Wheat, Corn, Pea and Others

By Function;

Flavoring Agent, Emulsifying Agent and Others

By Application;

Bakery & Confectionary, Processed Food Products, Meat Substitutes, Beverages and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn337006241 Published Date: September, 2025 Updated Date: October, 2025

Hydrolyzed Vegetable Protein Market Overview

Hydrolyzed Vegetable Protein Market (USD Million)

Hydrolyzed Vegetable Protein Market was valued at USD 1,473.01 million in the year 2024. The size of this market is expected to increase to USD 2,097.67 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


Hydrolyzed Vegetable Protein Market

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 1,473.01 Million
Market Size (2031)USD 2,097.67 Million
Market ConcentrationMedium
Report Pages344
1,473.01
2024
2,097.67
2031

Major Players

  • Ajinomoto Co., Inc
  • Tate & Lyle
  • Michimoto Foods Co., Ltd
  • Griffith Foods
  • Symrise
  • Surthrival
  • Givaudan
  • SUBONEYO Chemicals Pharmaceuticals P Limited
  • Vinayak Corporation
  • UNITECH CHEMICALS
  • Caremoli, Dien Inc
  • Jones-Hamilton Co
  • DSM
  • Kerry Group plc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hydrolyzed Vegetable Protein Market

Fragmented - Highly competitive market without dominant players


The Hydrolyzed Vegetable Protein (HVP) Market is gaining traction as demand for plant-based flavor enhancers rises across the global food and beverage industry. Derived from natural sources such as soy, corn, and wheat, HVP serves as a key ingredient in seasonings, soups, sauces, and ready-to-eat meals. With more than 55% of its use concentrated in processed food applications, the market is driven by changing dietary preferences and the shift toward sustainable, plant-based ingredients.

Rising Demand for Plant-Based Ingredients
The growing consumer inclination toward plant-based foods is fueling the adoption of hydrolyzed vegetable protein. Food manufacturers are increasingly replacing synthetic flavor enhancers with HVP to cater to health-conscious consumers. Currently, over 48% of product launches in the seasoning and flavoring segment highlight plant-based labeling, strengthening the role of HVP in the clean-label movement.

Wide Application in Processed Foods
Hydrolyzed vegetable protein is extensively used in processed and convenience foods, contributing to the rising demand in the fast-paced lifestyle era. Ready-to-eat meals, instant soups, and snacks together account for nearly 60% of HVP utilization. Its ability to enhance umami flavor and improve palatability without the need for artificial additives makes it a preferred choice for mass-market food products.

Supportive Industry and Market Growth
Supportive regulatory policies encouraging clean-label and natural ingredients, along with the rising popularity of vegan and vegetarian diets, are boosting market growth. Presently, more than 40% of food companies have integrated HVP in their sustainable product portfolios. With continuous innovations, strong consumer demand, and expanding applications, the hydrolyzed vegetable protein market is poised for steady growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Source
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Hydrolyzed Vegetable Protein Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing trend of active lifestyle due to rising health consciousness

        2. Rising usage of the product

        3. Preference for Plant-Based Protein Sources

      2. Restraints
        1. Competition from Alternative Ingredients

        2. Quality and Consistency Challenges

      3. Opportunities
        1. Technological Innovations in Manufacturing

        2. Health and Wellness Trends

        3. Expanding Applications in Food Processing

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hydrolyzed Vegetable Protein Market, By Form, 2021 - 2031 (USD Million)
      1. Dry Powder
      2. Liquid Paste
    2. Hydrolyzed Vegetable Protein Market, By Source, 2021 - 2031 (USD Million)
      1. Pea
      2. Soy
      3. Wheat
      4. Corn
      5. Rapeseed
      6. Rice
      7. Others
    3. Hydrolyzed Vegetable Protein Market, By Application, 2021 - 2031 (USD Million)
      1. Food Products
      2. Functional Beverages
      3. Personal Care Products
      4. Others
    4. Hydrolyzed Vegetable Protein Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Ajinomoto Co., Inc.
      2. Kerry Group plc
      3. Archer Daniels Midland (ADM)
      4. Sensient Technologies Corporation
      5. Givaudan
      6. Cargill, Incorporated
      7. Tate & Lyle plc
      8. Griffith Foods (Griffith Laboratories)
      9. Roquette Frères
      10. DSM (or DSM-Firmenich AG)
      11. Angel Yeast (regional leader in Asia)
      12. Symega (niche/startup in India)
      13. PT Indesso Aroma (niche/startup in Indonesia)
  7. Analyst Views
  8. Future Outlook of the Market