Hydrolyzed Plant Protein Market by Product and Geography - Global Forecast and Analysis 2019-2023

Hydrolyzed Plant Protein Market by Product and Geography - Global Forecast and Analysis 2019-2023

Global Hydrolyzed Plant Protein Market: About this market

Technavio’s hydrolyzed plant protein market analysis considers sales from hydrolyzed soy protein, hydrolyzed pea protein, and hydrolyzed wheat protein. Our analysis also considers the sales of hydrolyzed plant protein in APAC, Europe, North America, South America, and MEA. In 2018, the hydrolyzed soy protein segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing demand for hydrolyzed soy protein in animal feed will play a significant role in the hydrolyzed soy protein segment to maintain its market position. Also, our global hydrolyzed plant protein market report looks at factors such as increasing demand for plant-based diets, increased use of plant protein in food and beverages, and rising demand for hydrolyzed plant protein in animal feed. However, uncertainties in the health issues associated with hydrolyzed plant proteins, stringent food safety regulations and guidelines, and high competition in the global hydrolyzed plant protein market may hamper the growth of the hydrolyzed plant protein industry over the forecast period.

Global Hydrolyzed Plant Protein Market: Overview

Increased use of hydrolyzed plant protein in food and beverages.

Hydrolyzed plant protein is a vegan protein derived from various natural plant resources, such as fruits, vegetables, and legumes. Hydrolyzed plant proteins possess excellent water and fat-holding capabilities, which helps in determining certain quality aspects of food products such as juiciness and tenderness. They are also used as a baking ingredient, especially in biscuits, cakes, pizza base, and breadcrumbs. Thus, the functional properties of hydrolyzed plant protein in food and beverages will lead to the expansion of the global hydrolyzed plant protein market at a CAGR of over 5% during the forecast period.

Increased application of hydrolyzed soy proteins in cosmetic products

Hydrolyzed soy proteins are widely used in hair and skin care products because of their properties. These proteins improve hair manageability and texture and can reduce flaking and improve the general appearance of hair. Soy is also considered to be an excellent source of Isoflavones which help in protecting the skin from hormone-related issues. The effectiveness of hydrolyzed soy protein as a hair and skin conditioning agent is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global hydrolyzed plant protein market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global hydrolyzed plant protein market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrolyzed plant protein manufacturers, that include Archer Daniels Midland Co., Cargill Inc., Kerry Group Plc, Roquette Frères SA, Tate & Lyle Plc.

Also, the hydrolyzed plant protein market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.