The global rapeseed protein market is projected to reach a value of USD 7.8 billion in 2024, with expectations to expand to USD 10.6 billion by 2034. The market is anticipated to grow at a CAGR of 3.1% throughout the forecast period.
Sales of rapeseed protein isolates continue to be robust due to their high protein content and additional benefits. This segment represented 42% of the market revenue in 2023 and is projected to experience steady growth through 2034.
The rapeseed protein industry is poised for growth, driven by the increasing global demand for plant-based proteins.
Consumers worldwide, particularly vegans, are increasingly gravitating towards plant-based products, which is driving up the demand for plant-based proteins like rapeseed protein.
Rapeseed protein is prominently featured in a variety of food products, including plant-based meat substitutes, shakes, and baked goods. This widespread use in the food and beverage industry is significantly contributing to market growth.
Additionally, rapeseed protein’s popularity is rising in the animal feed sector due to its excellent amino acid profile and high protein content.
Industry leaders are heavily investing in research and development to enhance product properties and employing sustainable and efficient extraction methods to boost product quality and yield.
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.
Competitive Landscape
Key players in the rapeseed protein market are actively developing new protein products, including hydrolysates, concentrates, and isolates, to meet diverse industrial needs. Significant investments are being made by companies such as DSM in research and development to enhance the taste, texture, and functionality of rapeseed protein, aiming to increase its consumer appeal.
To drive sales growth and revenue, companies are forming strategic partnerships with food manufacturers and cosmetic brands. Additionally, the competitive landscape is intensifying due to strategies such as mergers, acquisitions, distribution agreements, and new facility expansions.
Efforts are also being made to educate consumers about the health and environmental benefits of rapeseed protein. These initiatives are expected to play a crucial role in expanding the customer base in the coming years.
Industry Updates
- In January 2023, Poland-based NapiFeryn BioTech Sp. Zo.o., the developer of unique, patented technology for extracting rapeseed/canola protein from side streams of oil processing, closed a USD 2.5 million investment led by Icos Capital to launch the company’s canola protein from large oil processing side streams.
- In April 2023, DSM, headquartered in Netherlands, announced the acquisition of the postbiotics company Adare Biome.
Leading Rapeseed Protein Brands
- DSM
- TEUTEXX
- Europa Crown Ltd.
- NapiFeryn BioTech
- GP Feeds Ltd.
- Others
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Key Segments of the Market Report
By Product Type:
Based on product type, the industry is segmented into isolates, concentrates, and hydrolysates.
By Nature:
When it comes to nature, the sector is categorized into conventional rapeseed and organic rapeseed.
By Application:
In terms of applications, the sector is segmented into food and beverages, animal feed, nutritional and dietary supplements, cosmetics and personal care products, and others. The food and beverages segment is further divided into bakery, confectionery products, meat, dairy, and others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
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