Hydrolyzed Plant Protein Market

Hydrolyzed Plant Protein Market by Form (Dry Powder, Liquid), Source (Soy, Wheat, Rice, Pea, Others) and By Region - Global Market Report (2024 to 2034)

Analysis of Hydrolyzed Plant Protein Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Hydrolyzed Plant Protein Market Outlook (2024 to 2034)

The global hydrolyzed plant protein market is estimated to attain a valuation of US$ 2,456.2 million in 2024 and is estimated to reach a value of US$ 3,978.1 million by 2034, with a projected CAGR of 5.6% from 2024 to 2034.

Key Market Growth Drivers :

  • The market for hydrolyzed plant protein is adapting quickly to shifting customer tastes, especially with the growing popularity of plant-based diets. This tendency is driving ongoing innovation in product compositions to cater to the changing tastes and inclinations of customers who prioritize their health and the environment.
  • The industry's increased focus on sustainability across the supply chain is a salient feature. The need for ethically and environmentally derived food alternatives is growing worldwide, and the market for hydrolyzed plant protein is responding by matching customer expectations and upholding environmental responsibility in all aspects of manufacturing, from obtaining raw materials to satisfying standards.
Report Attributes Details
Estimated Market Value (2024E) US$ 2,456.2 million
Forecast Market Value (2034F) US$ 3,978.1 million
Global Market Growth Rate (2024 to 2034) 5.6% CAGR
Dry Powder Segment Growth Rate (2024 to 2034) 4.6% CAGR
Soy Segment Growth Rate (2024 to 2034) 4.4% CAGR
North America Market Share (2024) 23.7%
East Asia Market Share (2024) 23.5%
Key Companies Profiled
  • Kerry Inc.
  • Tate & Lyle
  • Cargill Incorporated
  • Archer Daniels Midland Company
  • Roquette Frères
  • Griffith Foods Inc.
  • FrieslandCampina Ingredients
  • New Alliance Dye Chem Pvt. Ltd.
  • Aarkay Food Products Ltd

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What Factors are Responsible for the Growth of the Global Hydrolyzed Plant Protein Market?

“The rising trend of veganism will accelerate the sales of hydrolyzed plant protein globally.”

The growing awareness and popularity of vegetarian and vegan lifestyles is another key driver of the hydrolyzed plant protein market. They are becoming increasingly popular as people look for plant-based substitutes for conventional animal-based proteins.

These alternatives are sustainable and function well. Increased knowledge about the moral treatment of animals, ecological responsibility, and the health advantages of plant-based diets is supporting this movement.

The ability of hydrolyzed plant proteins to replicate the flavor and texture of meat makes them an appealing alternative that promotes their integration into a wide range of food products and maintains the market's upward trend.

“Global demand for sustainable and plant-based diets to enhance the market growth.”

The increasing demand for plant-based, sustainable diets around the world is one of the key factors driving the hydrolyzed plant protein market. The market benefits from the organic nutritional content and environmentally friendly manufacturing methods of hydrolyzed plant proteins as customers place a greater emphasis on health and environmental issues. The many uses of these proteins in a range of foods and beverages contribute to the market's expansion.

Furthermore, the increasing popularity of plant-based diets due to ethical, health, and environmental concerns makes hydrolyzed plant proteins more appealing and places them as a crucial component in satisfying the changing needs of a concerned and health-conscious customer base.

What are the Major Restraints to the Growth of the Hydrolyzed Plant Protein Market?

“Strict regulations labeling and certain health concerns impede the market growth.”

The market for hydrolyzed plant protein is confronted with several obstacles, such as regulatory difficulties pertaining to health claims and labeling, possible allergy concerns, and the uneven consumer acceptability of plant-based goods. Logistical issues arise when sourcing sustainable raw materials at scale, and production costs might affect competitiveness. Market education is also required to dispel myths and encourage broader use.

The rapidly evolving hydrolyzed plant protein market poses continual challenges for industry participants as they strive to fulfill growing consumer preferences. These challenges include balancing flavor and texture in formulations and potential volatility in commodity costs.

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How are Startups Trying to Establish a Strong Position in the Global Hydrolyzed Plant Protein Market?

“Startups are aimed at enhancing the overall quality and efficacy of these proteins.”

Many companies are making investments in innovative equipment to boost production efficiency and improve protein quality through processing technique optimization. Cost-effectiveness and a secure supply chain are guaranteed through partnerships with sustainable agriculture partners. To meet the varying interests of their clientele, startups are expanding their range of products by adding hydrolyzed proteins derived from different plant sources.

In addition to adopting environmentally friendly procedures, these businesses are emphasizing sustainable packaging. Furthermore, market penetration is facilitated by smart alliances with food producers and distributors, which help companies grow quickly and make a significant impact in the cutthroat hydrolyzed plant protein industry.

Country-wise Insights

The hydrolyzed plant protein market is gaining immense traction in North America and East Asia. In 2024, it is poised to gain a 23.7% market share. Growing customer demand for plant-based substitutes, dietary choices that prioritize health, and an increasing consciousness of sustainability are driving the the business growth, which is a booming sector.

In comparison, it is projected that by 2024, East Asia will reach a market share of 23.5%. The market for hydrolyzed plant protein has expanded in East Asia owing to the region's shifting cultural preferences for sustainable eating, increased demand for plant-based alternatives, and growing knowledge of health advantages. These elements work together to create a vibrant and expanding market in the area.

What makes the United States a Potential Market for Hydrolyzed Plant Protein?

“The consumer shift towards plant-based diets to boost the regional demand.”

Report Attributes The United States
Market Value in 2024 US$ 454.7 million
CAGR from 2024 to 2034 4%
Projected Value in 2034 US$ 670.3 million

The market in the United States is expected to be valued at US$ 454.7 million in 2024, and it is anticipated to gain a market share of 78.2% in 2024. In the US, the growing popularity of plant-based diets, increased health consciousness, and a growing desire for sustainable food sources are the main factors driving the market for hydrolyzed plant protein. Consumers are looking for healthier and more ecologically responsible alternatives to traditional animal-based proteins.

The adaptability of hydrolyzed plant protein, as well as its nutritional advantages and uses in a variety of food items, contribute to its growing demand, positioning it as a significant participant in the changing American dietary landscape.

What will be the Outlook of the Hydrolyzed Plant Protein Demand in China?

“Hydrolyzed Plant Proteins are Apt Substitutes for Animal Proteins and hence propelling sales in China.”

Report Attributes China
Market Value in 2024 US$ 425.0 million
CAGR from 2024 to 2034 5.2%
Projected Value in 2034 US$ 708.7 million

In 2024, the China market for hydrolyzed plant protein is expected to be valued at US$ 425.0 million. The industry is also projected to acquire a market share of 73.8%. The increasing product demand in China is a result of consumers adopting more sustainable eating habits and health-conscious purchases. Plant-based diets are becoming more and more popular among the growing middle class, which is motivated by concerns about their health and the environment. This tendency is further amplified by government measures that support healthy lives.

These preferences are met by hydrolyzed plant protein, which provides a flexible and wholesome substitute for animal-based proteins. Hydrolyzed plant protein is becoming more and more popular due to its incorporation into traditional Chinese cuisine and the variety of products offered by both local and foreign enterprises. This makes it a significant participant in China's developing food sector.

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Category-wise Insights

Which Form of Hydrolyzed Plant Protein will Gain Traction during the Forecast Period?

“The dry powder form of hydrolyzed plant protein is becoming popular for its extended shelf life.”

By Form Value Share in 2024
Dry Powder 65.21%%

The dry powder form segment is estimated to hold 65.21% of the market share in 2024. During the forecast period, the segment is anticipated to rise at a 4.6% CAGR. Hydrolyzed plant protein in dry powder form is quite popular due to its flexibility, prolonged shelf life, and ease of use. Its powder form allows for convenient storage, transportation, and an accurate dose in a variety of food and beverage compositions.

It offers manufacturers logistical benefits with a longer shelf life than liquid equivalents. The dry powder form also enables easy incorporation into a variety of products, satisfying customer desires for the enrichment of plant-based protein in a variety of food sector applications.

Which Source of Hydrolyzed Plant Protein will Gain Traction during the Forecast Period?

“Hydrolyzed plant protein extracted from soy will be high in demand during the forecast period.”

By Source Value Share in 2024
Soy 33.21%

In 2024, the soy segment is likely to gain a market share of 33.21%. Soy-based hydrolyzed plant protein is becoming more and more popular owing to its numerous health benefits and adaptability. Soy provides all the necessary amino acids, making it a complete protein source.

Since the hydrolysis process improves absorption and digestibility, it may be used in a variety of dietary contexts. It is in line with the increasing demand for cruelty-free and ecological products as a plant-based substitute. Soy hydrolysates are becoming increasingly common as they are used in a variety of food formulations that satisfy customer demand for plant-based protein sources.

Competitive Landscape

Key players in the global hydrolyzed plant protein market are actively navigating the industry to increase profitability through innovation as well as scalability. Renowned firms are significantly spending on research and development to develop revolutionary processing procedures that increase the functionality and quality of hydrolyzed plant proteins while fulfilling a wide range of customer needs.

These existing companies are creating sustainable and efficient production processes that reduce environmental impact by leveraging new technologies. Key companies are also concentrating on expanding their product portfolios and adding hydrolyzed proteins from other plant sources to obtain a competitive advantage. Collaborations with various agricultural partners maintain a consistent supply chain while also lowering production costs and increasing scalability.

Some of the key developments in this market are :

  • In 2022, Kerry has reached an agreement to purchase the top biotechnology innovation business, c-LEcta, as well as the Mexican enzyme maker, Enmex. The strategic purchase of Enmex will add to Kerry's current enzyme range and strengthen our position in enzymes for cereals and grains. At the same time, Kerry's extensive market reach in the food and pharmaceutical industries, combined with their deep enzyme applications expertise and comprehensive ingredient technology design, will enable and speed up the growth potential of c-LEcta's strong portfolio and technology capabilities, while also assisting Kerry in the development of tastier, more sustainable, and healthier products.
  • In 2023, Tate & Lyle revealed a new brand identity to represent the company's evolution into a specialist food and beverage solutions provider. A new logo, font, graphics, and a new narrative: science, solutions, and soiety are all part of the makeover. This rebrand is more than simply a new logo or colors; it is a signal of change for our organization, establishing a unique new brand with a strong story that stands out as well as brings it to life for its consumers.

Some of the key players in the hydrolyzed plant protein market are Kerry Inc., Tate & Lyle, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères, Griffith Foods Inc., FrieslandCampina Ingredients, New Alliance Dye Chem Pvt. Ltd., Aarkay Food Products Ltd, and ASTRON LIMITED.

Segmentation of Hydrolyzed Plant Protein Market Research

  • By Form:

    • Dry Powder
    • Liquid
  • By Source:

    • Soy
    • Wheat
    • Rice
    • Pea
    • Others
  • By Region:

    • North America
    • Eastern Europe
    • Western Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the estimated value of the hydrolyzed plant protein market in 2019?

The global hydrolyzed plant protein market was valued at US$ 1,987.9 million in 2019.

What will be the outlook of the hydrolyzed plant protein market in 2024?

The global market for hydrolyzed plant protein is likely to be valued at US$ 2,456.2 million in 2024.

What is the market value for hydrolyzed plant protein in 2034?

Demand for hydrolyzed plant protein is projected to reach a market value of US$ 3,978.1 million by the end of 2034.

What is the adoption CAGR for hydrolyzed plant protein from 2024 to 2034?

Adoption of hydrolyzed plant protein is projected to develop at a CAGR of 4.9% through 2034.

At what rate is the market in North America predicted to rise?

The North America market for hydrolyzed plant protein is projected to garner a CAGR of 4.2% through 2034.

- Also of Interest -

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