Leading Hydrolyzed Vegetable Protein Market Companies: In-Depth Profiles

Hydrolyzed Vegetable Protein Market Companies

• Kerry Group plc
• Ajinomoto Co., Inc.
• Tate and Lyle PLC
• DSM-Firmenich AG
• Archer Daniels Midland Company (ADM)
• Cargill, Incorporated
• Givaudan SA
• Symrise AG
• Sensient Technologies Corporation
• Ingredion Incorporated
• CHS Inc.
• Exter B.V.
• Prinova Group LLC
• Titan Biotech Ltd.
• Agropur Cooperative

1. Kerry Group plc

• Company Name and Headquarters: Kerry Group plc, Tralee, Ireland

• Product Offerings related to HVP: Kerry offers a wide range of hydrolyzed vegetable proteins derived from soy, wheat, corn, and other plant sources. These are used for flavor enhancement, savory notes, and nutritional fortification in applications like soups, sauces, snacks, ready meals, and meat alternatives. Their portfolio includes clean label and allergen-free options.

• Market Share and Estimated Revenue from HVP Segment: Kerry is a leading global player in the taste and nutrition market. While specific HVP segment revenue is not individually disclosed, HVP contributes significantly to their overall Taste & Nutrition division, which generated €7.1 billion in revenue in 2023. They hold a substantial market share in savory ingredients globally.

• Recent Developments, Partnerships, or Innovations: Kerry continuously invests in R&D for flavor technologies and plant-based solutions. Recent innovations include optimizing HVP for specific savory profiles, reducing sodium, and developing HVP suitable for allergen-free and vegan formulations. They often partner with food manufacturers to co-create custom solutions.

• Competitive Positioning and Strategic Focus: Kerry is a powerhouse in taste and nutrition, known for its extensive R&D capabilities, global footprint, and integrated solutions. Their strategic focus is on delivering sustainable nutrition solutions, expanding their plant-based offerings, and leveraging their broad portfolio to provide comprehensive ingredient systems. They compete on innovation, quality, and technical support.

• Key Customers or Industries Served: Food and beverage manufacturers globally, including major CPG companies, foodservice providers, and emerging brands in the plant-based, savory snacks, processed meats, and ready meal sectors.

2. Ajinomoto Co., Inc.

• Company Name and Headquarters: Ajinomoto Co., Inc., Tokyo, Japan

• Product Offerings related to HVP: Ajinomoto offers various hydrolyzed vegetable proteins, particularly those derived from wheat and soy, known for their umami-enhancing and savory flavor properties. They are often utilized in conjunction with their amino acid technologies to create balanced flavor profiles in a range of food products.

• Market Share and Estimated Revenue from HVP Segment: Ajinomoto is a major global player, especially in umami ingredients. HVP contributes to their Seasonings & Foods business. While specific HVP revenue is not broken out, their expertise in amino acids and savory flavors places them as a significant contributor to the HVP market. Their overall Food Products segment revenue was JPY 1,029.5 billion in fiscal year 2023.

• Recent Developments, Partnerships, or Innovations: Focus on combining HVP with other amino acid-based ingredients to achieve superior flavor enhancement and sodium reduction. They also develop HVP variants optimized for specific dietary needs and clean label requirements.

• Competitive Positioning and Strategic Focus: Ajinomoto is a leader in amino science and umami technology. Their strategic focus is on leveraging their scientific expertise to develop high-value-added food ingredients that contribute to health, well-being, and deliciousness. They aim to be a solution provider for flavor and nutrition challenges.

• Key Customers or Industries Served: Food manufacturers, food service, and home meal replacement sectors, particularly those seeking authentic umami and savory flavors in Asia and globally.

3. Tate & Lyle PLC

• Company Name and Headquarters: Tate & Lyle PLC, London, United Kingdom

• Product Offerings related to HVP: Tate & Lyle offers a range of hydrolyzed vegetable proteins, primarily derived from corn, as part of their broader texturants and sweeteners portfolio. These HVPs contribute savory flavors and provide functional benefits in various food applications.

• Market Share and Estimated Revenue from HVP Segment: Tate & Lyle is a significant player in food ingredients, but HVP is a smaller component compared to their starches and sweeteners. Specific HVP revenue is not disclosed. Their overall Food & Beverage Solutions revenue was £1.4 billion in fiscal year 2023.

• Recent Developments, Partnerships, or Innovations: Focus on integrating HVP into broader ingredient solutions for savory applications, often alongside their texturants. Emphasis on sustainable sourcing and clean label attributes for their HVP products.

• Competitive Positioning and Strategic Focus: Tate & Lyle’s strategy centers on being a leading provider of sweetening, texturizing, and fortifying ingredients. While not a primary HVP specialist, they offer HVP as part of a more comprehensive solution to their customers, leveraging their strong customer relationships and global supply chain. Their focus is on health and wellness and plant-based solutions.

• Key Customers or Industries Served: Food and beverage manufacturers globally, across categories like processed foods, soups, sauces, snacks, and convenience foods.

4. DSM-Firmenich AG

• Company Name and Headquarters: DSM-Firmenich AG, Kaiseraugst, Switzerland (following the merger of DSM and Firmenich)

• Product Offerings related to HVP: DSM-Firmenich offers a diverse portfolio of savory ingredients, including hydrolyzed vegetable proteins, yeast extracts, and process flavors. Their HVPs are used for flavor enhancement, umami, and savory notes in a wide array of food applications, often as part of integrated flavor solutions.

• Market Share and Estimated Revenue from HVP Segment: DSM-Firmenich is a major player in nutrition, health, and beauty. While HVP-specific revenue is not disclosed, savory solutions are a key growth area. The Taste, Texture & Health segment (which includes HVP) is a significant part of their overall business, with reported sales of €3.4 billion in 2023 for their Perfumery & Beauty and Taste, Texture & Health businesses.

• Recent Developments, Partnerships, or Innovations: Strong emphasis on sustainable and natural savory solutions, including novel HVP production methods and clean label HVP. They often combine HVP with other flavor modulators and yeast extracts to create customized savory profiles.

• Competitive Positioning and Strategic Focus: DSM-Firmenich boasts strong R&D, a global presence, and a broad portfolio spanning nutrition, health, and beauty. Their strategic focus in food is on creating innovative, sustainable, and consumer-preferred taste and nutrition solutions. They compete on flavor expertise, scientific capabilities, and integrated offerings.

• Key Customers or Industries Served: Global food and beverage manufacturers, particularly in savory snacks, soups, sauces, processed meats, plant-based foods, and ready meals.

View Full Report

5. Archer Daniels Midland Company (ADM)

• Company Name and Headquarters: Archer Daniels Midland Company (ADM), Chicago, Illinois, USA

• Product Offerings related to HVP: ADM offers a range of hydrolyzed vegetable proteins derived primarily from soy and corn. These HVPs are utilized for their savory flavor contributions and functional properties in various food applications, including meat alternatives, snacks, and savory food products. They emphasize non-GMO and sustainable sourcing.

• Market Share and Estimated Revenue from HVP Segment: ADM is a global leader in human and animal nutrition. HVP forms part of their Nutrition segment. While specific HVP revenue is not broken out, it contributes to the overall success of their flavors and specialty ingredients business within Nutrition. The Human Nutrition segment generated $7.4 billion in 2023.

• Recent Developments, Partnerships, or Innovations: ADM focuses on developing HVPs that support the growing demand for plant-based foods and clean label products. Innovations include improving the sensory profile of HVPs and developing specialized HVPs for specific application challenges.

• Competitive Positioning and Strategic Focus: ADM’s strategy is to be the preferred partner for sustainable human and animal nutrition solutions. They leverage their extensive agricultural sourcing, processing capabilities, and global network. They compete on scale, supply chain efficiency, and integrated solutions for plant-based and savory applications.

• Key Customers or Industries Served: Food and beverage manufacturers, particularly those focusing on plant-based alternatives, convenience foods, and savory applications.

6. Cargill, Incorporated

• Company Name and Headquarters: Cargill, Incorporated, Wayzata, Minnesota, USA

• Product Offerings related to HVP: Cargill offers various hydrolyzed vegetable proteins, often derived from corn and soy, as part of its extensive portfolio of food ingredients. These HVPs are used for flavor enhancement, savory notes, and as protein sources in a wide range of food products.

• Market Share and Estimated Revenue from HVP Segment: Cargill is one of the largest privately held corporations and a global leader in food, agriculture, financial services, and industrial products. HVP is a component within their broad food ingredients business. Specific HVP revenue is not disclosed. Their vast scale means even a smaller segment like HVP contributes significantly.

• Recent Developments, Partnerships, or Innovations: Cargill focuses on sustainable sourcing of raw materials for HVP and developing HVPs that meet clean label and non-GMO demands. They often integrate HVP into broader ingredient systems to provide comprehensive solutions for customers.

• Competitive Positioning and Strategic Focus: Cargill’s strength lies in its massive scale, integrated supply chain from farm to fork, and global presence. Their strategic focus is on nourishing the world in a safe, responsible, and sustainable way. They compete on cost efficiency, reliability of supply, and broad product offerings.

• Key Customers or Industries Served: Food and beverage manufacturers worldwide, across almost every category, from processed foods and snacks to foodservice.

7. Givaudan SA

• Company Name and Headquarters: Givaudan SA, Vernier, Switzerland

• Product Offerings related to HVP: Givaudan, a global leader in flavors and fragrances, offers hydrolyzed vegetable proteins as part of its extensive savory solutions portfolio. These HVPs contribute savory, umami, and bouillon-like notes, often integrated into complex flavor systems for snacks, soups, sauces, and meat/plant-based applications.

• Market Share and Estimated Revenue from HVP Segment: Givaudan is the largest flavor and fragrance company globally. HVP is a key ingredient within their Taste & Wellbeing division. While specific HVP revenue is not disclosed, their savory solutions are a significant contributor to the division’s performance, which generated CHF 3,678 million in 2023.

• Recent Developments, Partnerships, or Innovations: Strong focus on natural and clean label HVPs, as well as those optimized for plant-based applications. Givaudan utilizes advanced flavor creation technologies to combine HVPs with other ingredients to deliver authentic and complex savory profiles, often with sodium reduction benefits.

• Competitive Positioning and Strategic Focus: Givaudan’s strength lies in its creative flavor expertise, extensive R&D, and global network of flavorists and application specialists. Their strategic focus is on “doing good for the planet and its people,” emphasizing sustainable and healthy solutions. They compete on innovation, customized flavor solutions, and sensory science.

• Key Customers or Industries Served: Global food and beverage manufacturers, particularly those seeking innovative and high-quality flavor solutions for savory products, snacks, convenience foods, and plant-based alternatives.

8. Symrise AG

• Company Name and Headquarters: Symrise AG, Holzminden, Germany

• Product Offerings related to HVP: Symrise provides hydrolyzed vegetable proteins as part of its comprehensive savory ingredients and taste solutions. Their HVPs are designed to enhance flavor, provide umami, and create specific savory profiles in a wide range of food applications, including soups, sauces, seasonings, and processed meats.

• Market Share and Estimated Revenue from HVP Segment: Symrise is a major global supplier of flavors, fragrances, and functional ingredients. HVP contributes to their Taste, Nutrition & Health segment. While specific HVP revenue is not disclosed, it forms an important part of their savory portfolio. The Taste, Nutrition & Health segment generated €2.2 billion in 2023.

• Recent Developments, Partnerships, or Innovations: Symrise focuses on natural and sustainable HVPs, often developed in conjunction with their extensive expertise in natural extracts and process flavors. Innovations include HVPs optimized for specific regional taste preferences and clean label formulations.

• Competitive Positioning and Strategic Focus: Symrise prides itself on its strong R&D capabilities, focus on natural ingredients, and integrated approach across flavors, nutrition, and health. Their strategic focus is on leveraging biodiversity and advanced analytics to deliver sustainable and impactful solutions. They compete on innovation, naturality, and sensory expertise.

• Key Customers or Industries Served: Food and beverage manufacturers globally, particularly in savory applications, snacks, convenience foods, and the meat processing industry.

9. Sensient Technologies Corporation

• Company Name and Headquarters: Sensient Technologies Corporation, Milwaukee, Wisconsin, USA

• Product Offerings related to HVP: Sensient offers a range of hydrolyzed vegetable proteins, primarily through its Natural Extracts & Ingredients group. These HVPs are used to deliver savory and umami flavors, particularly in clean label and natural food product formulations.

• Market Share and Estimated Revenue from HVP Segment: Sensient is a global leader in colors, flavors, and fragrances, with a strong focus on natural ingredients. HVP is a part of their flavors segment. Specific HVP revenue is not disclosed, but it contributes to their overall flavors business. The Flavors & Extracts segment generated $594.4 million in 2023.

• Recent Developments, Partnerships, or Innovations: Strong emphasis on clean label, non-GMO, and natural HVPs. Sensient leverages its expertise in natural ingredient extraction to produce high-quality HVPs with desirable sensory profiles.

• Competitive Positioning and Strategic Focus: Sensient’s strategy focuses on providing high-performance, natural, and sustainable solutions for colors, flavors, and extracts. They emphasize technical expertise, global presence, and customized ingredient solutions. They compete on naturality, quality, and application support.

• Key Customers or Industries Served: Food and beverage manufacturers seeking natural and clean label solutions, including in savory snacks, soups, sauces, and processed foods.

10. Ingredion Incorporated

• Company Name and Headquarters: Ingredion Incorporated, Westchester, Illinois, USA

• Product Offerings related to HVP: Ingredion offers hydrolyzed vegetable proteins, primarily derived from corn and pulses, as part of their diverse portfolio of starches, sweeteners, and plant-based proteins. Their HVPs are used for savory flavor enhancement and functional benefits in various food and beverage applications.

• Market Share and Estimated Revenue from HVP Segment: Ingredion is a leading global ingredient solutions provider. HVP is a component of their broader plant-based protein and specialty ingredients offerings. Specific HVP revenue is not disclosed, but it supports their growth in plant-based solutions. Their overall net sales were $8.1 billion in 2023.

• Recent Developments, Partnerships, or Innovations: Focus on developing HVPs from diverse plant sources, including pulses, to meet the demand for plant-based and allergen-friendly options. Innovation centers around improving HVP functionality and sensory attributes in complex food systems.

• Competitive Positioning and Strategic Focus: Ingredion’s strategy centers on driving growth through customer-centric innovation, expanding into high-growth markets like plant-based foods, and leveraging their global scale. They compete on technical expertise, application know-how, and a broad ingredient portfolio.

• Key Customers or Industries Served: Food and beverage manufacturers globally, across a wide range of categories, with a particular focus on savory foods, plant-based alternatives, and processed foods.

11. CHS Inc.

• Company Name and Headquarters: CHS Inc., Inver Grove Heights, Minnesota, USA

• Product Offerings related to HVP: CHS Inc., a leading agribusiness cooperative, offers hydrolyzed vegetable proteins derived from soy, as part of its soy protein ingredients portfolio. These are used in various food applications where protein fortification and savory notes are desired.

• Market Share and Estimated Revenue from HVP Segment: CHS is a major player in agriculture, energy, and food ingredients, primarily serving farmer-owners. HVP is a part of their larger soy processing and protein business. Specific HVP revenue is not disclosed, but it contributes to their value-added protein segment. Their total net sales were $42.2 billion in fiscal year 2023.

• Recent Developments, Partnerships, or Innovations: Focus on sustainable sourcing and processing of soy for protein ingredients, including HVPs. Development of HVPs that meet specific customer requirements for functionality and flavor.

• Competitive Positioning and Strategic Focus: CHS focuses on creating connections that empower agriculture, from the farm gate to the dinner plate. Their strategic focus is on maximizing value for their farmer-owners and customers through efficient supply chains and high-quality agricultural products. They compete on scale, supply chain integration, and a strong connection to agricultural producers.

• Key Customers or Industries Served: Food manufacturers, particularly in North America, involved in processed foods, meat alternatives, and savory applications.

12. Exter B.V.

• Company Name and Headquarters: Exter B.V., Goor, Netherlands

• Product Offerings related to HVP: Exter specializes in savory taste solutions and offers a range of high-quality hydrolyzed vegetable proteins. These HVPs are known for their savory, bouillon-like, and umami characteristics, and are used extensively in soups, sauces, seasonings, and meat/plant-based products.

• Market Share and Estimated Revenue from HVP Segment: Exter is a more specialized player in savory ingredients compared to the larger diversified companies. They hold a strong position in specific savory market niches, particularly in Europe. Specific revenue figures for HVP are not publicly disclosed, but it is a core part of their business.

• Recent Developments, Partnerships, or Innovations: Exter focuses on developing clean label HVPs, non-allergenic options, and HVPs optimized for specific dietary trends (e.g., vegan, low sodium). They continuously innovate in process flavors and natural savory profiles.

• Competitive Positioning and Strategic Focus: Exter’s strategy is to be a leading specialist in savory taste solutions, offering high-quality, authentic, and natural ingredients. They differentiate themselves through deep application expertise, flexibility, and a strong focus on customer-specific solutions. They compete on quality, technical support, and innovation in savory flavors.

• Key Customers or Industries Served: Food manufacturers, especially those specializing in soups, sauces, snacks, seasonings, and processed meats/plant-based alternatives, primarily in Europe and increasingly globally.

13. Prinova Group LLC

• Company Name and Headquarters: Prinova Group LLC, Hanover Park, Illinois, USA

• Product Offerings related to HVP: Prinova is a global ingredient distributor and manufacturer, offering a variety of food ingredients, including hydrolyzed vegetable proteins. They source and supply HVPs derived from different plant sources to meet diverse customer needs.

• Market Share and Estimated Revenue from HVP Segment: Prinova operates primarily as a distributor and value-added service provider. While they don’t produce HVP from raw materials, they play a crucial role in its supply chain. Specific HVP revenue is not disclosed, but it contributes to their broader ingredient distribution business. Prinova’s overall revenue is in the hundreds of millions.

• Recent Developments, Partnerships, or Innovations: Prinova focuses on optimizing its supply chain for various ingredients, including HVP, to ensure reliability and cost-effectiveness. They provide technical support and custom blending services for their customers.

• Competitive Positioning and Strategic Focus: Prinova’s strategy is to be a reliable and efficient global partner for high-quality ingredients and custom premixes. They leverage their extensive supplier network and technical expertise to serve a broad customer base. They compete on service, breadth of product offering, and supply chain efficiency.

• Key Customers or Industries Served: Food, beverage, and nutritional supplement manufacturers globally, ranging from large CPG companies to smaller specialized producers, requiring a variety of ingredients, including HVP.

14. Titan Biotech Ltd.

• Company Name and Headquarters: Titan Biotech Ltd., Bhiwadi, Rajasthan, India

• Product Offerings related to HVP: Titan Biotech is a biotechnology company that manufactures a range of ingredients for the food, pharmaceutical, and animal nutrition industries. They offer hydrolyzed vegetable proteins derived from soy, wheat, and corn, used for their nutritional value, flavor enhancement, and functional properties.

• Market Share and Estimated Revenue from HVP Segment: Titan Biotech is a significant player in the Indian subcontinent and an emerging exporter of biotech-derived ingredients. HVP is a key product in their food ingredients portfolio. Specific HVP revenue is not publicly disclosed, but it contributes to their overall food and feed ingredients segment. Their total revenue was approximately INR 2.6 billion in fiscal year 2023.

• Recent Developments, Partnerships, or Innovations: Focus on developing cost-effective and high-quality HVPs, as well as protein hydrolysates for specific nutritional and functional applications. Investment in fermentation technologies and sustainable production.

• Competitive Positioning and Strategic Focus: Titan Biotech’s strategy is to be a leading manufacturer of bio-nutrients, food ingredients, and animal nutrition products. They compete on cost-effectiveness, quality, and an expanding product portfolio, particularly in the Asian market.

• Key Customers or Industries Served: Food and beverage manufacturers, pharmaceutical companies, and animal feed producers, primarily in India, Asia, and other emerging markets.

15. Agropur Cooperative

• Company Name and Headquarters: Agropur Cooperative, Saint-Hubert, Quebec, Canada

• Product Offerings related to HVP: Agropur is primarily a dairy processing cooperative. While they are a major producer of milk proteins and dairy ingredients, they are not a primary player in the hydrolyzed vegetable protein market. Their protein offerings focus on milk protein concentrates, isolates, and hydrolysates, derived from dairy, not vegetables.

• Market Share and Estimated Revenue from HVP Segment: Agropur does not have a significant presence, if any, in the HVP market. Their focus is on dairy. Specific HVP revenue would be negligible or zero. Their total sales were CAD 7.3 billion in 2023.

• Recent Developments, Partnerships, or Innovations: Agropur’s innovations are concentrated on dairy proteins, cheese, and other dairy products. They focus on new functionalities and applications for dairy ingredients.

• Competitive Positioning and Strategic Focus: Agropur’s strategy is to be a leader in the North American dairy industry, providing high-quality dairy products and ingredients. They compete on the quality of their dairy products, innovation in dairy ingredients, and strong cooperative values.

• Key Customers or Industries Served: Food and beverage manufacturers (especially in dairy, sports nutrition), foodservice, and retail customers, primarily in North America.

Contact Us