Hydrolyzed Plant Protein Market Predicted to Reach USD 3,619.28 Million by 2033, Growing at a CAGR of 4.9% | Persistence Market Research

The global hydrolyzed plant protein market has been growing steadily, driven by increasing consumer demand for plant-based protein alternatives. Hydrolyzed plant proteins are derived from various plant sources, such as soy, wheat, rice, and peas, and are used in a wide range of applications, including food and beverages, sports nutrition, infant nutrition, and cosmetics. These proteins are processed through hydrolysis, a method that breaks down proteins into smaller peptides, making them more easily digestible and enhancing their functional properties.

In 2023, the market for hydrolyzed plant proteins was valued at USD 2,243.2 million, and it is expected to reach approximately USD 3,619.28 million by 2033, growing at a compound annual growth rate (CAGR) of 4.9%. This growth is driven by the increasing adoption of plant-based diets, greater awareness of the health benefits associated with plant proteins, and innovations in plant protein-based products. Among the various plant protein sources, soy is expected to remain the dominant source due to its versatility and high protein content. North America leads the global market, followed by Europe, thanks to the rising consumer preference for plant-based and clean-label foods.

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Key Highlights from the Report

• The global hydrolyzed plant protein market is projected to grow from USD 2,243.2 million in 2023 to USD 3,619.28 million by 2033.
• The market is expected to expand at a CAGR of 4.9% over the forecast period (2023-2033).
• Soy is the leading source of hydrolyzed plant protein, followed by wheat and pea.
• The food & beverage segment is the largest end-user of hydrolyzed plant proteins.
• North America and Europe are the leading regions in the hydrolyzed plant protein market.
• Dry powder form holds a major share in the market, with significant demand from food manufacturers.

Market Segmentation

By Source

The hydrolyzed plant protein market is segmented based on the plant source. Major sources of hydrolyzed plant proteins include soy, wheat, rice, pea, and others. Soy protein is the most commonly used source due to its high protein content and versatility. Soy protein isolates and hydrolyzed soy protein are widely used in food and beverage applications, sports nutrition, and meat alternatives. Wheat protein, another important source, is primarily used in bakery products, snacks, and cereals. Pea protein has gained popularity in recent years due to its hypoallergenic properties, making it an ideal choice for plant-based protein formulations.

Each source offers unique properties, with rice protein gaining attention in the clean-label segment due to its neutral flavor profile. The pea protein segment, in particular, is expected to see significant growth, driven by the increasing demand for plant-based meat alternatives and dairy-free products.

By Form

Hydrolyzed plant proteins are available in two primary forms: dry powder and liquid. Dry powder is the most widely used form of hydrolyzed plant protein due to its long shelf life, ease of transport, and versatility in food and beverage applications. It is commonly used in products like protein powders, sports nutrition supplements, and meat additives. Liquid forms are also used but are less common due to their shorter shelf life and higher storage requirements.

While both forms cater to different applications, dry powder remains dominant in the market, driven by its ability to be incorporated into a wide range of products without affecting the texture or taste. It is especially favored in bakery products, snacks, and plant-based beverages. The choice of form depends largely on the end use, with the liquid form finding more applications in beverages and ready-to-drink products.

Regional Insights

North America

North America is the leading region in the hydrolyzed plant protein market, driven by the rising demand for plant-based products in the U.S. and Canada. The region has witnessed a surge in plant-based food consumption, especially within the health-conscious consumer base. The popularity of plant-based diets, combined with the growing trend of clean-label products, has spurred the demand for plant-based proteins, including hydrolyzed plant proteins. North America is also home to several key players in the food and beverage industry, which are investing heavily in plant-based protein innovations to cater to the increasing demand for vegan and vegetarian products.

The increasing availability of plant-based protein products in both retail and foodservice sectors is further enhancing the market growth in this region. The U.S. is the largest consumer of plant proteins, with a growing focus on functional foods that provide added benefits such as easier digestion and better nutrient absorption.

Europe

Europe is another key market for hydrolyzed plant proteins, where demand is driven by the growing adoption of plant-based diets and the increasing awareness of sustainability issues. The demand for plant-based protein products in Europe is largely influenced by the vegan and vegetarian trends, particularly in countries like the UK, Germany, and France. European consumers are increasingly turning to plant-based alternatives for both ethical and health reasons, prompting food manufacturers to innovate and offer more plant-based options.

The European market also benefits from strong regulatory support for clean-label products, as consumers demand transparency in food ingredients. The region is witnessing increased usage of hydrolyzed plant proteins in dairy alternatives, bakery products, and meat substitutes. As the plant-based trend continues to gain momentum, Europe is expected to remain a key player in the hydrolyzed plant protein market.

Market Drivers

The growth of the hydrolyzed plant protein market is primarily driven by the increasing shift toward plant-based diets. With rising concerns about health, animal welfare, and environmental sustainability, more consumers are opting for plant-based foods over animal-based products. Hydrolyzed plant proteins offer several advantages, including improved digestibility, better absorption of nutrients, and versatile usage in various food products. This has led to their widespread adoption in the food & beverage industry, especially in meat alternatives, dairy substitutes, snacks, and protein powders.

Additionally, the increasing awareness of the benefits of plant proteins, such as lower cholesterol levels, reduced risk of chronic diseases, and improved weight management, has led to a growing consumer preference for plant-based products. The rising popularity of plant-based sports nutrition products also contributes to the demand for hydrolyzed plant proteins, which are easily absorbed by the body and provide quick energy recovery.

Market Restraints

Despite the strong growth prospects, there are some challenges that could hinder the expansion of the hydrolyzed plant protein market. One major restraint is the high cost of plant-based protein production, which often exceeds that of animal-based proteins. The processing methods involved in hydrolyzing plant proteins, such as enzyme treatment and heat processing, can add to the cost of production. This makes hydrolyzed plant proteins more expensive than conventional protein sources, limiting their affordability, particularly in price-sensitive markets.

Moreover, the taste and texture of plant proteins may not always match that of animal proteins, which can be a barrier to acceptance among consumers who are transitioning from traditional diets to plant-based ones. Manufacturers are working to address this issue by improving the taste profiles and textures of plant protein products, but consumer skepticism about the sensory characteristics of plant-based foods remains a challenge.

Market Opportunities

The hydrolyzed plant protein market presents numerous opportunities, particularly in the growing segments of sports nutrition and infant nutrition. Plant-based protein powders and supplements are gaining popularity among athletes, fitness enthusiasts, and health-conscious consumers due to their superior digestibility and clean-label appeal. In infant nutrition, plant-based protein alternatives are being developed for those who are lactose intolerant or follow vegetarian diets.

Moreover, the increasing demand for plant-based meat substitutes presents a significant opportunity for hydrolyzed plant proteins, as these proteins are ideal for enhancing the texture and nutritional profile of meat alternatives. The growing trend of clean-label products, where consumers demand fewer additives and artificial ingredients, also aligns well with the growth of the hydrolyzed plant protein market, as these proteins are derived from natural sources and are free from synthetic additives.

Reasons to Buy the Report

✔ Gain a comprehensive understanding of the global hydrolyzed plant protein market dynamics.
✔ Identify key growth drivers, trends, and challenges impacting the market.
✔ Analyze market segmentation based on source, form, and end-use to uncover growth opportunities.
✔ Explore regional market trends, with a focus on North America and Europe.
✔ Stay ahead of the competition with insights on key players and recent developments in the industry.

Company Insights

Key players in the hydrolyzed plant protein market include:

• Kerry Inc.
• Tate & Lyle
• Cargill, Incorporated
• Archer Daniels Midland Company
• Roquette Frères
• Griffith Foods Inc.
• Kelisema
• PEVESA
• FrieslandCampina Ingredients
• New Alliance Dye Chem Pvt. Ltd.
• A. Costantino & C. spa
• MGP
• AJINOMOTO PHILIPPINES CORPORATION
• ASTRON LIMITED

Recent Developments

1. Kerry Inc. recently expanded its portfolio of plant-based ingredients, including hydrolyzed plant proteins, to cater to the growing demand for vegan and vegetarian products.
2. Roquette Frères launched a new line of hydrolyzed pea protein products designed to enhance the texture and nutritional profile of plant-based meat alternatives.

As the global demand for plant-based products continues to rise, the hydrolyzed plant protein market presents significant growth potential, driven by the increasing adoption of vegan and plant-based diets, health trends, and innovations in protein technology. The market is expected to continue evolving with new applications and advancements in protein processing technologies.

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