Hydrolysed Plant Protein by Type (Overview: Global Hydrolysed Plant Protein Consumption Value, Soy, Wheat, Others), by Application (Overview: Global Hydrolysed Plant Protein Consumption Value, Sauce, Soup Bases, Marinade, Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global hydrolyzed plant protein market is projected to expand at a CAGR of 5.3% from 2025 to 2033, reaching a value of million by 2033. The increasing demand for plant-based proteins, driven by rising veganism and flexitarian diets, is a major factor driving market growth. Additionally, the increasing popularity of hydrolyzed plant proteins in food applications, such as sauces, soup bases, and marinades, further contributes to the market's expansion.
Major market players such as Tate & Lyle, Archer Daniels Midland, and Cargill are focusing on product innovation and expansion into new geographical markets to gain a competitive edge. The growing demand for plant-based proteins in emerging markets, such as Asia Pacific, presents significant opportunities for market growth. Despite the positive outlook, factors such as the potential for allergic reactions to plant proteins and the relatively high cost compared to animal proteins may restrain market growth to some extent.
The hydrolysed plant protein market has witnessed significant growth in recent years, driven by rising consumer demand for plant-based alternatives and the increasing adoption of vegan and vegetarian lifestyles. The global hydrolysed plant protein market size stood at USD 1.1 billion in 2021 and is projected to reach USD 2.1 billion by 2027, growing at a CAGR of 9.2% during the forecast period. The growing awareness of the health benefits associated with consuming plant-based proteins, such as reduced risk of heart disease, obesity, and certain cancers, is further fueling the demand for hydrolysed plant proteins.
Growing Popularity of Plant-Based Diets: The increasing number of consumers adopting vegan, vegetarian, and flexitarian diets is driving the demand for hydrolysed plant proteins. Plant-based proteins are becoming increasingly accessible and affordable, catering to the growing consumer base.
Health and Wellness Trends: Consumers are becoming more health-conscious and are seeking healthier dietary options. Hydrolysed plant proteins provide high-quality protein without the saturated fat and cholesterol associated with animal-based proteins, making them an attractive option for health-conscious consumers.
Sustainability Concerns: As environmental awareness grows, consumers are looking for sustainable food choices. Plant-based proteins have a lower environmental footprint than animal-based proteins, making hydrolysed plant proteins a viable option for environmentally conscious consumers.
Taste and Texture Issues: Hydrolysed plant proteins can sometimes have an undesirable taste and texture, which can limit their widespread adoption. Manufacturers are constantly innovating to improve the taste and texture of hydrolysed plant proteins to enhance their appeal to a broader consumer base.
Availability and Cost: Hydrolysed plant proteins can be more expensive than animal-based proteins, which may limit their accessibility to some consumers. However, as the market matures and production scales up, the cost of hydrolysed plant proteins is expected to decline.
Allergenicity Concerns: Some individuals may be allergic to certain types of plant proteins, such as soy or wheat. This can pose a challenge for manufacturers in developing hypoallergenic hydrolysed plant protein products.
Region: North America and Europe are the largest markets for hydrolysed plant proteins, driven by the growing consumer demand for plant-based products and the presence of established manufacturing facilities. These regions are expected to continue dominating the market in the coming years.
Segment: The soy segment is expected to continue dominating the hydrolysed plant protein market, accounting for the largest share of consumption value globally. Soy is a widely cultivated and cost-effective source of plant-based protein, making it an ideal choice for manufacturers.
Innovation in Flavor and Texture: Ongoing research and development efforts are focused on improving the taste and texture of hydrolysed plant proteins to make them more appealing to consumers.
Product Diversification: Manufacturers are expanding their product portfolios to include hydrolysed plant proteins in various forms, such as powders, liquids, and concentrates, to cater to different consumer needs.
Regulatory Support: Governments in various countries are supporting the plant-based food industry through initiatives and regulations that encourage the production and consumption of hydrolysed plant proteins.
In June 2023, Tate & Lyle signed a global deal with Nestle to supply hydrolysed plant proteins for use in plant-based food products.
In February 2023, Cargill launched a new hydrolyzed plant protein concentrate to meet the growing consumer demand for plant-based products.
In December 2022, Archer Daniels Midland expanded its plant protein capabilities with a new hydrolyzed soy protein product.
This comprehensive report on the hydrolysed plant protein market provides a detailed analysis of market trends, drivers, challenges, and key players. It offers insights into the industry's growth catalysts, significant developments, and future prospects. The report is an invaluable resource for professionals, researchers, and investors looking to gain a deeper understanding of the hydrolysed plant protein market.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.3% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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