Hydrolyzed Plant Protein Market by Source (Soy, Wheat, Rice, Pea)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 312
Report ID: PMRREP29251
The Market for Hydrolyzed Plant Protein can be expected to expand at a value based CAGR of 4.9% and show an increase in revenue from US$ 2,243.2 Million to around US$ 3,619.28 Million by 2033.
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Hydrolyzed Plant Protein Market Size (2023E) |
US$ 2,243.2 Million |
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Projected Sales of Hydrolyzed Plant Protein (2033F) |
US$ 3,619.28 Million |
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Value CAGR (2023 to 2033) |
4.9% |
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Value Share of Top 4 Countries (2022E) |
55% |
The Global Hydrolyzed Plant Protein Market has witnessed significant growth in the historical period registering a CAGR of 3.82% in the historical period and was valued at US$ 2,243.2 Million in 2023. The market is expected to grow steadily with increasing awareness and benefits about applications of hydrolyzed plant protein.
The demand for cost-effective plant-based protein has increased substantially in these recent years owing to their potential nutritional applications. The hydrolyzed plant proteins are emerging as a cost-effective alternative to animal-based proteins. The increasing awareness about hydrolyzed plant proteins and their health benefits are supporting the growth of the global hydrolyzed plant protein market. The hydrolyzed plant protein is sourced from a wide range of sources just as wheat, rice, and soybean, and it is used as an anti-hypertensive in many functional foods. The consumption of hydrolyzed plant protein helps to reduce the intake of saturated fat, which reduces the risk of cardiovascular diseases. The food incorporated with hydrolyzed plant protein is increasing as they are more effective in lowering the blood cholesterol level. The hydrolyzed plant protein is more beneficial to the consumers having high fasting cholesterol absorptions when compared to other animal-based proteins. Such increasing awareness about health benefits is boosting the market growth of the global hydrolyzed plant protein market. The global market for hydrolyzed plant protein is estimated to reach an approximate valuation of US$ 3,619.28 Million in the forecast period.
“Increase in the Consumer Preference for Plant-based Protein over Animal-Derived Protein”
Limited availability and high cost of animal proteins in some countries and consumer awareness about the health benefits of animal-based proteins is expected to boost the demand for plant-based protein. The consumption of plant-based proteins over animal protein is increasing as a potential source of cost-effective dietary protein for food products. Plant proteins deliver all the nutrition benefits of a whole protein-rich diet without any cruelty to animals, hence consumers choose vegan proteins sourced from plants such as soy, peas, rice, and others, over animal protein. Manufacturers of plant-based proteins have heavy advertising drives that call out the meat industry on food safety concerns, animal slaughterhouses, and welfare issues, the use of growth hormones and antibiotics in livestock, existence of saturated fats and the negative health impacts of cholesterol.
“Rise of The Vegan Culture and Flexitarian Diet”
The key manufacturers in the protein industry are shifting their focus towards the various alternatives of plant-based proteins such as hydrolyzed plant protein to adopt the change in the protein trends. Food ingredient manufacturing companies have also shown strong interest in improving their market presence by new product development and increasing the production capacities of existing plants. The increasing urbanization across the globe and increasing consumer awareness about the health benefits of the vegan diet are driving demand for plant protein in regions like North America and Europe. The consumers are inclining towards the healthy diet which incorporates plant-based food, which is also the key factor that driving the demand for plant-based food such as hydrolyzed plant protein.
“Increasing Use of Hydrolyzed Plant Protein in Food Products as a Flavor Enhancer”
Healthy snack foods are becoming popular among the working population due to changing lifestyles, urbanization, and hectic work schedules. Hydrolyzed plant proteins play a key role in the preparation of a number of new foods such as sausages, meat analogs, cereals, and soups, by formation and stabilization of emulsions. Hydrolyzed plant protein is used as a flavor enhancer in meat analogs to improve and enhance the flavor and taste. Meat analogs are foods that are made from non-meat ingredients, but are structurally similar to meat and may have the same texture, flavor, appearance, and chemical characteristics.
“Increasing Demand for Hydrolyzed Plant Protein in Cosmetics and Personal Care Products”
Plant-derived proteins function primarily as skin and hair conditioning agents in personal care and cosmetic products. These protein solutions are prepared by subjecting vegetable proteins to hydrolysis through acid and enzymes. Hydrolyzed vegetable protein has the maximum reported uses in personal care products, with a total of 142 preparations. This protein assists as an elementary building block for several hair care, skin care, and other personal care products. Plant proteins are separated from numerous sources and have the properties that are required for providing care and protection to the skin and hair. Hydrolyzed wheat protein is often used in cosmetics due to the low molecular weight of gliadin and the high molecular weight of gluten.
“Increasing Population with Monosodium Glutamate Intolerance”
One of the amino acids left after the hydrolysis process is glutamic acid. Glutamic acid is more popularly known as monosodium glutamate MSG. Hydrolyzed vegetable protein holds 10 to 30 percent of MSG. Monosodium glutamate is the undisclosed ingredient that makes several foods delicious and savory. Consumers have linked monosodium glutamate to symptoms such as numbness, rapid heartbeat, headaches, sweating, weakness, and nausea. The North American and European food market is quite stable due to the unpleasant effects of flavor ingredients used in food products. Consumers assume that savory ingredients contain artificial chemicals to improve flavors, due to which they are mostly unhealthy.
What is the Global Hydrolyzed Plant Protein Market Dominated by North America and Europe?
The global hydrolyzed plant protein is dominated by the established market such as North America and Europe. Together these regions hold more than 60% market share in the global hydrolyzed plant protein market. The trend of veganism and the vegan diet is thrusting the market growth of the global hydrolyzed plant protein market. North America and Europe are also densely populated regions with the highest number of key manufacturers hydrolyzed plant protein.
Why are the South Asia and East Asia Regions Experiencing Fast Growth in the Global Hydrolyzed Plant Protein Market?
South Asia and East Asia are witnessing the fast growth in the global hydrolyzed plant protein market owing to the increasing adaptation of plant-based diets and plant-based proteins by consumers. The increasing awareness about the health benefits of hydrolyzed plant protein coupled with the increasing usage in cosmetics and personal care products is also boosting the growth of hydrolyzed plant protein in these regions. The emerging economies from South Asia and East Asia such as China, India, South Korea, and others are the next potential markets for the manufacturers in the global hydrolyzed plant protein market.
What is the Segmental Breakdown of the Hydrolyzed Plant Protein Market?
By Source, the global hydrolyzed plant protein market is segmented into soy, wheat, rice, pea and others.
By Form, the global hydrolyzed plant protein market is segmented into powder form & liquid form. In the global market, the demand for hydrolyzed plant protein is in accordance with its form and as per their application in food and beverage industry and other demanding industries.
By Application, the global hydrolyzed plant protein market is segmented into food & beverages, cosmetics & personal care, sports nutrition, infant formula, animal feed, and others. The food & beverage segment is further sub-segmented into bakery & confectionery, snacks & cereals, meat additives, beverages, and others.
The leading manufacturers in the global hydrolyzed plant protein are launching the new and innovative hydrolyzed plant protein products to cater to the increasing consumer demand for vegan products. Also, the key players in the global hydrolyzed plant protein are focusing on the merger and acquisition strategies along with the partnerships to establish a strong regional presence in many regions.
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Attribute |
Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for hydrolyzed plant protein has a value of US$ 2,243.2 Mn in 2023.
The global market for hydrolyzed plant protein has a value CAGR of 3.82% from 2018-2022.
The global market for hydrolyzed plant protein has a value of US$ 3,619.28 Mn in 2033.
The global market for hydrolyzed plant protein has a value CAGR of 4.9% from 2023-2033.
The top players hold more than 50-55% of the market share. They include Kerry Inc., Tate & Lyle, Cargill, Incorporated, Archer Daniels Midland Company, Roquette Frères, Griffith Foods Inc.
