Healthy snacks are becoming popular among working people around the world due to lifestyle changes, increasing urbanization and hectic working hours. Hydrolyzed vegetable proteins play a fundamental role in the preparation of various foods, such as sausages, meat analogues, cereals and soups, through the formation and stabilization of emulsions. Hydrolyzed vegetable protein is also used as a flavor enhancer in meat analogues to improve and enhance their flavor and flavor. Thus, the increasing use of hydrolyzed vegetable protein in various food preparations, especially in convenience food products, is driving the growth of the global hydrolyzed vegetable protein market. In the last years,
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Main conclusions of the hydrolyzed vegetable protein market study
The growing inclination of consumers towards plant-based foods and diets, along with the growing trend of veganism in countries such as the US, UK, Germany, France, Spain, Netherlands and others, is driving global protein market growth hydrolyzed vegetable.
Food manufacturers use hydrolyzed vegetable protein to rebuild flavors lost during drying, freezing and canning processes. Hydrolyzed vegetable protein has several applications in the production of breakfast cereals, soups, noodles, noodles and others.
Hydrolyzed vegetable protein is acquired through the hydrolysis process, so its demand is also growing for use in various cosmetics and personal care products. In addition, the growing demand for sports and child nutrition has also led to increased demand for low-cost hydrolyzed vegetable proteins as essential ingredients from nutritional product manufacturers.
North America, Europe and East Asia together account for more than 70% of the value market share in the global hydrolyzed vegetable protein market. The increasing use of plant ingredients, not only in food products but also in many industrial applications, is also driving the growth of the global hydrolyzed plant protein market.
The market is facing production and supply chain problems due to restrictions as a result of the COVID-19 global pandemic. Market growth was thus affected to some extent, with recovery expected in the fourth quarter of 2020.
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Global hydrolyzed vegetable protein market: competitive scenario
Leading manufacturers in the global hydrolyzed vegetable protein market are introducing new and innovative products to meet the growing consumer demand for vegan products.
For example, in March 2017, Kerry Group Plc. introduced a new vegetable protein solution using the hydrolysis technique and taste masking technology, which meets the demand for vegan products in the market.
In addition, key players in the global hydrolyzed vegetable protein landscape are focusing on mergers and acquisitions, along with partnerships, to establish a strong regional presence in different countries.
For example, in October 2018, Tate & Lyle announced an extended partnership with Quadra, a North American distributor. The company selected Quadra as its preferred national distributor in Canada for its food and beverage solutions division.
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