Global Hydrolyzed Vegetable Proteins Market Size & Outlook

The hydrolyzed vegetable proteins industry worldwide is expected to reach a projected revenue of US$ 2,300.0 million by 2030. A compound annual growth rate of 5.5% is expected of the worldwide hydrolyzed vegetable proteins industry from 2023 to 2030.

Revenue, 2022 (US$M)
$1,501.0
Forecast, 2030 (US$M)
$2,300.0
CAGR, 2023 - 2030
5.5%
Report Coverage
Worldwide

Global hydrolyzed vegetable proteins market highlights

  • The global hydrolyzed vegetable proteins market generated a revenue of USD 1,501.0 million in 2022 and is expected to reach USD 2,300.0 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 5.5% by 2030.
  • In terms of segment, soy accounted for a revenue of USD 729.5 million in 2022.
  • Corn is the most lucrative source segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 1,501.0 million
Market revenue in 2030USD 2,300.0 million
Growth rate5.5% (CAGR from 2022 to 2030)
Largest segmentSoy
Fastest growing segmentCorn
Historical data covered2017 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoy, Wheat, Corn, Pea

Other key industry trends

  • In terms of revenue, the North America accounted for 38.1% of the global hydrolyzed vegetable proteins market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 23.1 million by 2030.

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Hydrolyzed Vegetable Proteins Market Scope

Hydrolyzed vegetable proteins market segmentation & scope
Soy
Wheat
Corn
Pea
Others
Flavoring Agent
Emulsifying Agent
Others
Bakery & Confectionary
Processed Food Products
Meat Substitutes
Beverages
Others

Hydrolyzed Vegetable Proteins Market Companies

Name Profile # Employees HQ Website

Global hydrolyzed vegetable proteins market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrolyzed vegetable proteins market will help companies and investors design strategic landscapes.


Soy was the largest segment with a revenue share of 48.6% in 2022. Horizon Databook has segmented the Global hydrolyzed vegetable proteins market based on soy, wheat, corn, pea covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Hydrolyzed Vegetable Proteins Source Outlook (Revenue, USD Million, 2017-2030)
    • Soy
    • Wheat
    • Corn
    • Pea
    • Others
  • Global Hydrolyzed Vegetable Proteins Function Outlook (Revenue, USD Million, 2017-2030)
    • Flavoring Agent
    • Emulsifying Agent
    • Others
  • Global Hydrolyzed Vegetable Proteins Application Outlook (Revenue, USD Million, 2017-2030)
    • Bakery & Confectionary
    • Processed Food Products
    • Meat Substitutes
    • Beverages
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global hydrolyzed vegetable proteins market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrolyzed vegetable proteins market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global hydrolyzed vegetable proteins market size, by regions, 2017-2030 (US$M)

Top 10 countries: Hydrolyzed vegetable proteins market size, 2022 (US$M)

Global hydrolyzed vegetable proteins market share, by source, 2022 & 2030 (%, US$M)

Hydrolyzed Vegetable Proteins Market: Opportunity Assessment By Country

Global hydrolyzed vegetable proteins market, by region, 2022 (US$M)

Global hydrolyzed vegetable proteins market size, by regions, 2017-2030 (US$M)

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