The hexane-free proteins market worldwide was predicted to reach US$ 103.2 million in 2022. Growing public interest in flexitarian eating habits and increased demand for dairy and meat substitutes are driving the market’s expansion. This has produced an anticipated amount of US$ 285.73 million by 2033, with a CAGR of 9.7% from 2023 to 2033.
The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents used on foods for the extraction of oils, such as hexane. The market’s demand for green protein is rising as a result.
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Hexane-free proteins are particularly popular as supplements due to their functional benefits, like their excellent solubility in aqueous media and the availability of vital elements. As the vegan community has expanded, so has the need for plant-based protein.
Hexane-free proteins are being utilized more frequently in sports nutrition products since they are regarded as secure and additive-free. For instance, organic pea protein is a hexane-free protein that athletes are increasingly asking for since it is pure, unprocessed, non-GMO, loaded with amino acids, and simple to incorporate with foods and beverages.
Key Takeaways from the Market Study
- According to FMI’s study, sales of hexane-free proteins increased at a 7.8% CAGR between 2018 and 2022.
- By 2023, the market for isolate hexane-free protein is anticipated to represent 56.3% of the overall hexane-free protein market.
- With a 62% share, the powder sector had the largest market share globally in 2022.
- In 2022, the energy & sports nutrition sector held a 52.5% market share based on end-use.
- The hexane-free protein market in North America is expected to grow significantly in value during the forecast period, according to FMI.
- By 2023, the Unites States will control 83.3% of the global market.
“The desire for natural, environmentally friendly solvents is being fueled by worries about the negative effects of petroleum-based solvents utilized on food items for oil extraction, like hexane. The market’s demand for organic and clean protein is aiding the market growth. ” remarks an FMI analyst.
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Competitive Landscape
Companies are focusing on emerging nations to build a solid consumer base for their business.
To increase their product portfolio, well-known firms are putting more of an emphasis on new product development.
Prominent players in the hexane-free protein market are:
- Axiom Foods, Inc.
- Nutiva, Inc.
- Ingredion, Inc.
- Cargill, Inc.
- ABF Ingredients
- Austrade, Inc.
- Merit Functional Foods
- New Protein Global Inc.
- Milk Specialties Global
- Now Health Group, Inc.
- Healthy Hey LLP
- Form Ltd.
- Boomers Protein
- Devansoy, Inc.
- Naked Nutrition
Some key developments of the leading companies in this market are:
- With the BioPur™ method, New Protein Global provides a variety of functional protein products with distinct qualities including gelling, low/high viscosity, emulsification, solubility, and others. When compared to competing technologies, they have the highest PDI (Protein Dispersibility Index) and the cleanest soy components available on the market. Better dissolve rates are produced by these desired features, which also protect the protein’s original functional capabilities.
- Axiom Foods Inc., a significant producer of hexane-free protein, provides its clients with high-value services in addition to hexane-free protein sales. The company’s unique and innovative goods benefit its customers. The completed products are of the finest caliber and boast organic and hexane-free claims.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global hexane-free protein market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the hexane-free protein market , the market is segmented on the basis of hexane-free protein by product type (isolate, concentrate, flour), form (powder, syrup), end use (beverages, cosmetics & personal care, breakfast cereal & cereal bars, energy & sports nutrition, bakery products, dairy products) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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