Hydrolyzed Vegetable Protein Market - Growth, Trends and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||572782|
|出版日期||內容資訊||英文 95 Pages
|全球植物性蛋白質水解物市場:成長，趨勢，及預測(2017年∼2022年) Hydrolyzed Vegetable Protein Market - Growth, Trends and Forecasts (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 95 Pages||
The global hydrolyzed vegetable protein market is growing at a CAGR of 5.2% during the forecast period (2020-2025).
Increased demand in plant-based protein foods
The growing trend toward vegan diets, and the incorporation of plant proteins in processed foods, are the major factors driving the market. The allergies caused by animal proteins, the abundant amount of nutrients present in plant proteins have shifted the consumer preference towards plant proteins. Also, consumer preferences for plant protein is fueled by the advancements of science, with the changing perception about the safety of animal-based products coupled with the production of plant protein which is more environmentally economic than animal protein. In addition, with the growing trend of health and wellness, the plant proteins are experiencing their time in the limelight, with brands launching plant-based protein products in retail and foodservice chains. Consumers including meat-eaters and dairy lovers are reciprocating with appeal and engagement, snapping up new releases such as meat-like plant protein burgers, plant protein lattes, and plant-based protein meal kits.
Europe to have witnessed with the fastest growth in the global market
Europe has been witnessed to have the fastest growth in the global market owing to the shift in consumer's consumption patterns in the European region towards convenience food products, but with rich nutritive profile and health benefits, and rising veganism among the consumers. With modified technologies, the companies within the European region are targeting the consumers by producing innovative products with similar organoleptic properties as real meat to have meat substitutes, thus favoring the hydrolyzed vegetable protein market.
The hydrolyzed vegetable protein market is competitive in nature having a large number of domestic and multinational players competing for market share. Companies focusing on new product launch with healthier plant-based ingredients/clean label claim along with acquisition, merger, partnership and expansions as their key marketing strategy. A few of the major companies in the global hydrolyzed vegetable protein market include Ajinomoto Co, Inc., Tate & Lyle PLC, Griffith Foods Inc., and Dien, Incorporated.