Pune, India -- (SBWire) -- 02/14/2019 --Hydrolyzed vegetable protein are the food products developed by boiling wheat, soy or corn in hydrochloric acid, post which the solution is neutralized with sodium hydroxide. After the neutralization process, the acid breaks down into components of amino acids and protein in vegetables. One such component of amino acids left is glutamic acid. The resulting glutamic acid formed are predominantly familiar and adopted largely by the consumers in the form of sodium salt.
According to the research, the rising demand for processed and convenience foods coupled with the growth in disposable income among the developed and developing economies has fueled the growth of the HVP market. The consumption of fast, convenience foods which include, sugary breakfast cereals, canned vegetables, processed vegetables, frozen meals and foods is rapidly growing owing to their taste, easy and reliable ready to eat meal. These convenience foods include hydrolyzed vegetable protein ingredients which enhances the taste and richness of the foods. Hence, it has collectively resulted in the expansion of HVP market.
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Some of the leading Players profiling in this study:
Ajinomoto Co. Inc., Koninklijke DSM N.V., Tate & Lyle, Inc., Givaudan, Kerry Group plc, Jones-Hamilton Co., Diana Group, Good Food, Inc., The Caremoli Group, Astron Chemicals S.A., Brolite Products Co. Inc. Levapan S.A., and McRitz International Corp amongst others
Segment Analysis:
Among the applications of hydrolyzed vegetable protein, processed food is a dominant segment holding the largest market share. It is also anticipated to be the fastest growing market during the forecast period. HVP substance are predominantly used as nutritional elements and flavor add on for the processed foods as seasoning, in baked foods, meat products, sauces, frozen food, soups and snacks.
North America is estimated to be the most attractive region in hydrolyzed vegetable protein market. The increase in investigation in the production lines of HVP processes for identification of Salmonella bacteria by FDA along with the strict rules in packaging and labeling contents for MSG substance has regulated the healthiness of the region. Furthermore, the increasing awareness regarding the MSG products and its consumption are another factor that anticipates the development of the market. This coupled with the rising demand for protein based processed food in the region has collectively intensified the growth of North America region.
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Hydrolyzed Vegetable Protein Market – By Form
- Dry Powder
- Paste
- Liquid
Market by Application
- Processed Food
- Functional Beverage
- Others
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Thus, the report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market's future growth prospects. A number of analysis tools such as Porter's five forces analysis and SWOT analysis have been employed to provide an accurate understanding of this market. Also, the report is compiled in a way for the readers and customers to understand better.
