Middle East & Africa Hydrolyzed Vegetable Proteins Market Size & Outlook
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MEA hydrolyzed vegetable proteins market highlights
- The MEA hydrolyzed vegetable proteins market generated a revenue of USD 49.4 million in 2022.
- The market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, soy was the largest revenue generating source in 2022.
- Corn is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 49.4 million |
| Market revenue in 2030 | USD 65.1 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Corn |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Wheat, Corn, Pea |
| Key market players worldwide | Ajinomoto Co Inc, Kerry Group PLC Class A, Cargills Ceylon, Cargill, DSM Firmenich AG, Tate & Lyle PLC, Archer-Daniels Midland Co, MGP Ingredients Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global hydrolyzed vegetable proteins market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 545.4 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Hydrolyzed Vegetable Proteins Market Scope
Hydrolyzed Vegetable Proteins Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Cargills Ceylon | View profile | 5001-10000 | Colombo, Western, Sri Lanka, Asia | http://www.cargillsceylon.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| MGP Ingredients Inc | View profile | 705 | 100 Commercial Street, P.O. Box 130, Atchison, KS, United States, 66002 | https://www.mgpingredients.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
Middle East & Africa 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 49.6% in 2022. Horizon Databook has segmented the Middle East & Africa hydrolyzed vegetable proteins market based on soy, wheat, corn, pea covering the revenue growth of each sub-segment from 2017 to 2030.
- Middle East & Africa Hydrolyzed Vegetable Proteins Source Outlook (Revenue, USD Million, 2017-2030)
- Wheat
- Corn
- Others
- Soy
- Pea
- Middle East & Africa Hydrolyzed Vegetable Proteins Function Outlook (Revenue, USD Million, 2017-2030)
- Others
- Flavoring Agent
- Emulsifying Agent
- Middle East & Africa Hydrolyzed Vegetable Proteins Application Outlook (Revenue, USD Million, 2017-2030)
- Bakery & Confectionary
- Processed Food Products
- Meat Substitutes
- Beverages
- Others
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Target buyers of Middle East & Africa hydrolyzed vegetable proteins market databook
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Our clientele includes a mix of hydrolyzed vegetable proteins market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hydrolyzed vegetable proteins market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hydrolyzed vegetable proteins market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hydrolyzed vegetable proteins market size, by country, 2017-2030 (US$M)
Middle East & Africa Hydrolyzed Vegetable Proteins Market Outlook Share, 2022 & 2030 (US$M)
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