Hydrolyzed Vegetable Proteins Market Analysis

Hydrolyzed Vegetable Proteins Market Analysis

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The soy protein segment share will expand at 7.5% CAGR during 2023 to 2032, credited to the numerous health benefits associated with soy protein. It helps promote muscle strength and weight loss. Several studies claim that regular consumption of soy protein can help elevate energy levels and aid illnesses such as osteoporosis, heart disease, and hormone imbalance. These attributes make it popular among fitness-oriented and health-conscious individuals, thus driving product sales.
 

The food beverages segment held over 41% share of the hydrolyzed vegetable proteins market in 2022. Healthy snacks and food items have gained commendable traction among the working population, backed by changing lifestyles, urbanization, and tight work schedules. Hydrolyzed vegetable proteins are extensively used as foaming and stabilizing agents and taste enhancers in a variety of food items, such as sausages, meat analogs, cereals, and soups. Besides, the ability of these ingredients to provide meat-like flavor, texture, appearance, and structure to non-meat items will favor their adoption across the food & beverages industry.
 

U.S. hydrolyzed vegetable proteins market size accounted for USD 700 million in 2022. Leading manufacturers of hydrolyzed vegetable protein, such as Synergy and Basic Food Flavours, are based in the United States. These firms are anticipated to step up their efforts in the coming years to make these products more affordable and effective. In addition, an expanding working population and increasing fast food sales in the country will help the United States emerge as a prominent consumer of hydrolyzed vegetable proteins.