What is the role of product segment in the global hydrolyzed plant protein market?

The global hydrolyzed plant protein market is expected to grow at a CAGR of 5.35% during the forecast period. Based on the product, the global hydrolyzed plant protein market has been segmented into hydrolyzed soy protein, hydrolyzed pea protein, hydrolyzed wheat protein, and others.

Hydrolyzed soy proteins are highly effective as skin and hair conditioning agents and are therefore used in a wide range of cosmetic and personal care products, such as hair conditioners, hair dyes and colors, shampoos, creams, and mascara. They are used in skin care products as they help in increasing the ability of the skin to retain moisture. Owing to these numerous benefits, certain vendors in the beauty and personal care industry have incorporated hydrolyzed soy proteins as an essential ingredient in their products.

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The addition of hydrolyzed soy proteins increases the nutritional value of animal feed, as the proteins comprise highly digestible peptides and bioactive peptides. This has increased their application as a popular ingredient in the animal feed industry. The increased incorporation of hydrolyzed soy proteins as an ingredient in the cosmetics and animal feed industry is positively impacting the growth of the global hydrolyzed soy protein market. This will drive the global hydrolyzed plant protein market during the forecast period.