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Plant Protein Hydrolysate Market Size

  • Report ID: GMI7510
  • Published Date: Jul 2024
  • Report Format: PDF

Plant Protein Hydrolysate Market Size

Plant Protein Hydrolysate Market size was valued at USD 2.24 billion in 2023 and is estimated to witness over 5.2% CAGR from 2023 to 2032. Plant protein hydrolysates, sourced from plants like soy, pea, and wheat, undergo a hydrolysis process, breaking proteins into smaller, more digestible peptides. This process enhances their bioavailability and functionality. According to the USDA, the global production of plant-based proteins increased by 15% in 2022.

 

Additionally, the FDA reported a 20% rise in consumer demand for plant-based protein products in 2023. Demand for these hydrolysates is escalating due to heightened awareness of their nutritional advantages. These include their high protein content, amino acid profiles, and allergen-free nature, setting them apart from conventional animal-based proteins.
 

The rising adoption of plant protein hydrolysates in the food and beverage sector is a significant growth driver. These hydrolysates find applications in various products, including protein bars, beverages, and supplements. According to the USDA, the demand for plant-based proteins increased by 11%, reflecting a growing consumer preference for sustainable food options. Beyond the food realm, the pharmaceutical and cosmetic sectors are increasingly using plant protein hydrolysates.
 

In skincare formulations, and even in medical nutrition, these hydrolysates are proving valuable. The FDA reported a 9% rise in the use of plant-based ingredients in pharmaceuticals in 2023. Notably, the market's growth is further propelled by a global push towards sustainability and eco-friendly practices, especially considering efforts to shrink the ecological impact of food production.
 

One significant challenge is the taste and flavor profile of plant protein hydrolysates, which can be perceived as bitter or unpleasant by consumers. Overcoming sensory issues and achieving a taste profile comparable to traditional animal-based proteins is crucial for market success. Another hurdle lies in the cost of production, as the manufacturing processes for plant protein hydrolysates can be more complex and resource-intensive compared to conventional protein sources. This cost factor may limit the affordability of plant protein hydrolysate products for some consumers, hindering their mass appeal.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant protein hydrolysate reached USD 2.24 billion in 2023 and is set to register 5.2% CAGR between 2024 and 2032, due to the rising demand for plant-based diets for nutritional and functional benefits.

The soy segment in the plant protein hydrolysate industry recorded USD 905.9 million in revenue in 2023, owing to its widespread use and acceptance in the food and beverage industry.

North America market size was USD 773.6 million in 2023, attributed to rising demand for plant-based products driven by health and environmental concerns in the U.S. and Canada.

Archer Daniels Midland Company (ADM), Kerry Group plc, DuPont, Ingredion Incorporated, Cargill, Evonik Industries AG, Koninklijke DSM N.V., Glanbia plc, Tate & Lyle plc, Bunge Limited, and Roquette Frères, among others

Plant Protein Hydrolysate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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