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The global hydrolyzed vegetable protein market size is projected to reach a value of USD 784.81 million, growing at a CAGR of 5.8%. Hydrolyzed vegetable protein is a natural and organic product that is rich in amino acids, minerals, and micronutrients and is widely used in small amounts to add to or flavor enhancer of many processed foods, such as soups, snack foods veggie burgers, soy protein seasonings, hydrolyzed plant proteins and others. It is considered a natural additive. Increasing market demand for plant protein-based diets is notably driving the market growth. As people become more health-conscious and aware of the importance of protein in their diets, they are looking for more ways to incorporate it into their meals. HVP is a convenient and versatile ingredient that can be used to add plant proteins to a wide range of food products, from meat and dairy alternatives to soups, sauces, and gravies. In addition, HVP is growing in popularity as an alternative to meat. Therefore, growing consumer demand for a protein-rich diet and the increasing popularity of meat alternatives are the key drivers of the market growth analysis during the forecast period.
The market shows an Accelerated CAGR during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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