Rapeseed Protein Market Forecast: The Future of Plant-Based Protein Innovation and Demand

The global market for rapeseed protein is expected to reach a total value of USD 7.8 billion in 2024, with projections indicating it could grow to USD 10.6 billion by 2034. This growth is driven by an anticipated surge in demand, which is expected to increase at a compound annual growth rate (CAGR) of 3.1% throughout the forecast period. As the demand for plant-based proteins rises globally, rapeseed protein is becoming an increasingly popular alternative due to its nutritional benefits and sustainability, contributing to the market's robust expansion.

Sales remain high for rapeseed protein isolates owing to high protein content and other benefits. The target segment accounted for a revenue share of 42% in 2023 and is set to witness steady growth through 2034.

Several factors are expected to drive the growth of the rapeseed protein industry during the assessment period. One such factor is the surging demand for plant-based proteins across the world.

Consumers, especially vegans, globally are showing a keen inclination towards consuming plant-based products. This is putting plant-based proteins like rapeseed protein into the limelight and spurring their demand.

Rapeseed protein is widely used in several food products, including plant-based meat alternatives, shakes, and bakery items. This high adoption in food and beverage industry is leading charge in boosting market growth.

The popularity and usage of rapeseed protein are also growing in the animal feed sector. This is due to its favorable amino acid profile and high protein content.

Leading players are continuously investing in research and development to enhance the properties of their products. Companies are also utilizing efficient and sustainable extraction methods to improve product quality and yield.

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Key Takeaways from the Market Report:

The global market value is estimated to total USD 10.6 billion by 2034.
Based on product type, the rapeseed protein isolated segment is set to advance at a CAGR of 2.8% through 2034.
By nature, the conventional rapeseed segment dominated the industry with a share of 62% in 2023.
China is predicted to record a CAGR of 3.8% between 2024 and 2034.
Sales in the United States are projected to total USD 1.9 billion by 2034.

"Growing consumer interest in plant-based products is anticipated to play a key role in fueling sales of rapeseed protein globally during the forecast period." says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

DSM, TEUTEXX, Europa Crown Ltd., NapiFeryn BioTech, and GP Feeds Ltd. are few key players listed in the report. Developing novel products with improved taste and functionalities is becoming a key strategy for industry players globally.

Several players are looking to utilize efficient and sustainable extraction methods to enhance product quality and yield. Similarly, strategies like acquisitions, collaborations, mergers, and distribution agreements are becoming popular among players.

Industry Updates:

In May 2023, Firmenich International SA, headquartered in Switzerland, announced a merger with DSM to establish DSM-Firmenich AG.

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Want More Insights?

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global rapeseed protein market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights based on product type (rapeseed protein isolates, rapeseed protein concentrates, and rapeseed protein hydrolysates), nature (conventional rapeseed and organic rapeseed), and application (food and beverages, animal feed, nutritional and dietary supplements, cosmetics and personal care products, and others) across several regions.

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This release was published on openPR.