In 2022, the global hexane-free protein market was estimated to have acquired USD 103.2 million. The market is expanding as a result of rising consumer interest in flexitarian diets and rising demand for dairy and meat replacements. This has resulted to an expected sum of USD 285.73 million by 2033, garnering a CAGR of 9.7% during the forecast period, 2023 to 2033.
Concerns about the side effects of petroleum solvents used on food products for oil extraction, such as hexane, are fuelling the demand for natural greener solvents. This is increasing the demand for organic protein in the market.
Governments and private sectors are encouraging production and consumption of organic food products in order to control and prevent disease because of rising awareness and increased healthcare spending. Chronic exposure to hexane can result in more severe nervous system damage. If swallowed, hexane can cause severe abdominal pain and have an impact on the respiratory system, resulting in coughing, shortness of breath, and throat and mouth burning. Increasing awareness about health hazards associated with hexane is fueling the growth of the hexane-free protein market.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for hexane-free protein. The report tracks the global sales of hexane-free protein in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and hexane-free protein in particular.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 103.2 million |
| Expected Market Value (2023) | USD 113.21 million |
| Projected Forecast Value (2033) | USD 285.73 million |
| Anticipated Growth Rate (2023 to 2033) | 9 7% CAGR |
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The world is becoming more populated, and people are consuming more protein as a result of increasing awareness regarding health and wellness. The demand for protein, however, is in flux. An increasing people are eating meat, poultry, and milk as developed countries become more affluent. The world is becoming more aware of the environmental stresses that these food choices are putting on the planet. They are searching for ways to integrate plant-based foods into their diets.
Most customers will not completely remove animal protein although there is a shift toward more plant-based products. In reality, the so-called 'flexitarian' diet is gaining popularity because it provides customers with more choices for making a positive impact on the environment and their own health by eating a well-balanced, varied diet.
Leading health organizations including the American Heart Association and the American Institute for Cancer Research are constantly advising people to eat more plant-based products. Consumers tend to be paying attention, as an increasing number of people believe protein is essential for good health. Manufacturers are using greener solvents to extract oil from oilseeds due to the increasing demand for organic plant-based protein with a hexane-free claim.
Governments and various companies around the world are looking for ways to minimize carbon dioxide emissions and their reliance on oil-based goods, and green solvent is one way to do so. Rising environmental issues, as well as support from manufacturers of paints and coatings, cosmetics, and other products, have given green solvents a boost in recent years.
According to FMI’s analysis, spurred by aforementioned factors the hexane-free protein sales have grown at 7.8% CAGR between 2018 and 2022.
Increasing knowledge and disposable income have influenced them to choose health-friendly goods, prompting manufacturers to release a slew of hexane-free proteins. Over the last few years, there has been an increase in demand for hexane-free protein due to rising health concerns. Hexane-free protein manufacturing firms have also shown an interest in increasing production capability or expanding their operations by developing new products. Hexane-free protein producers are concentrating their efforts on developing new technologies and acquiring companies with high technological capabilities.
For instance: Nutiva's MCT expanded its product portfolio in 2021 with the introduction of a new Organic MCT Protein. There is no harsh aftertaste since the Nutiva Organic MCT portfolio is hexane-free and manufactured without any additives or filler oils.
FMI expects the global hexane-free protein market to grow with a CAGR of 9.7% over the forecast period 2023 to 2033.
Increasing Number of Flexitarians to Trigger Growth
For many consumers, the flexitarian diet is seen as a feasible dietary modification. Consumers who adopt a flexitarian diet eat a 'free-from' diet with the occasional intake of meat, which is more attainable for them than going fully vegan or vegetarian. The number of flexitarians is increasing, which is fuelling the demand for hexane-free proteins higher. This movement is supported by a slew of food industry behemoths, who collectively advocate the expansion of all meat substitute products. Manufacturers are creating dairy-free products that have the same taste and texture as meat with the aid of advanced food technology.
Growing Awareness about Functional Benefits of Hexane-free Protein is Driving the Growth
Consumer interest in a balanced diet has resulted in increased intake of hexane-free protein, which could have health benefits. According to the Organic Trade Association's 2021 Organic Industry Survey, consumers are consuming more organic food and using more organic goods than ever before. In 2019, the organic industry in the United States had a banner year, with organic sales in the food and non-food sectors reaching a new high of USD 55.1 billion, up a good 5% from the previous year.
The Organic Trade Association launched a multi-pronged campaign in the early stages of the COVID-19 outbreak to look not only at changing trends in organic shopping since the crisis started, but to collect information on the organic retail landscape as a whole, as well as the organic supply chain.
Increasing Demand for Hexane-free Protein in Sports & Body Building Products Fueling Growth
Protein aids in the building of muscle mass and the repair of damaged muscle tissue, so a steady supply of hexane-free proteins is considered necessary for muscle development. Protein powder intake is a fairly popular practice among fitness enthusiasts and daily gym-goers as a result of this. Hexane-free proteins are especially common as supplements because of functional advantages such as high solubility in a liquid medium and the availability of essential nutrients. The demand for plant-based protein has increased as the vegan population has grown.
Hexane-free proteins are increasingly being used in sports nutrition products since they are considered to be safe and additive-free. For example, athletes are increasingly requesting hexane-free protein, such as organic pea protein, because it is pure, raw, non-GMO, enriched with amino acids, and easily mixed with beverages and food products.
Increasing Healthcare is likely to Boost Sales
The cost of healthcare has increased twice as fast as overall inflation, owing to the pharmaceutical industry's massive research and development activities. People are choosing hexane-free protein because it offers health benefits such as weight loss, lower blood sugar levels, protection against some diseases, lower risk of heart attacks, and relief from arthritis pain, among other things. The distribution of medication, development, manufacturing, and distribution are all handled by the pharmaceutical industry. Pharma sales worldwide totaled 1.25 trillion US dollars in 2019, indicating that the industry has grown significantly over the last two decades.
Principal Consultant
The Isolate Hexane-free Protein is likely to gain a significant share
The isolate hexane-free protein is expected to account for 56.3% of global hexane-free protein market through in 2023. It is expected to exhibit impressive CAGR over the forecast period, Rising demand for plant-derived ingredients will continue fuelling sales in this category.
The Powder Form is anticipated to Gain Dominant Share
The powder segment held maximum share in the global market in 2022 with a 62% share, however the liquid segment is poised to register growth at a higher pace, at a double-digit growth rate over the forecast period. Owing to increasing application of liquid hexane-free protein in various beverages such as functional beverages and dairy-based beverages, the demand for the liquid form will rise.
The Energy and Sports Nutrition sector is Likely to use more of These Proteins
Based on end-use, energy & sports nutrition segment held 52.5% of market share in 2022. The increasing demand for hexane-free protein from health conscious customers are fuelling the demand for hexane-free protein based energy & sports nutrition in global market.
The Demand for Organic Foods to Propel the Global Demand
FMI has projected North America hexane-free protein market to gain significant value share over the forecast period. The United States will hold 83.3% of the market in the year 2023. Consumers are shifting towards natural ingredients and demanding forfeited for hexane-free protein products. Organic food is the fastest-growing segment of the food industry in the United States. Organic food sales are increasing by double digits per year, far outpacing the overall food industry.
Strong Internet Retailing is Aiding the Sales in the Region
Germany remains one of the lucrative markets for hexane-free protein in Europe with a market share of 20.8% in 2022. Manufacturers in Germany have opened stores on leading internet retailing websites in response to the strong growth of internet retailing. When opposed to conventional retailing outlets, internet retailing only has a small share of sales. Rapid growth of integrated internet retailing platforms and logistics, changes in the online shopping experience for customers, and a broader variety of online payment systems are anticipated during the forecast period. The internet retailing in Germany providing lucrative opportunities to hexane-free protein manufacturers.
Clean-label Products to Gain Popularity from 2023 to 2033
China remains one of the most lucrative markets in East Asia hexane-free protein market with a market share of 57.0% in 2022. Many products have been launched in the past few years with a clean label tag in China. These products have gained traction as they cater to the changing consumer preferences. Clean label products have been launched in the viscosity enhancer market, amongst which hexane-free protein is a major part.
These product launches are have resulted from the changing consumer behavior regarding the use or consumption of products. Most of the manufacturers such as Axiom Foods, Ingredion, Inc. also offering hexane-free protein with clean label claims in China.
According to the Food Insider Journal, 75% of the consumers are willing to pay extra for clean label ingredients.
The Millennial Population is Driving the Majority of Demand
FMI has projected Russia hexane-free protein market to gain significantly over the forecast period. Recent studies have indicated that hexane-free protein products have a positive impact on the health of consumers. The millennial population in the United Kingdom is becoming more concerned about their own and their families' wellbeing since natural and organic food is considered to be free of chemicals, hexane-free ingredients, and non-GMO. These products are largely eco-friendly, since they are made without the use of synthetic materials. Consumers, especially those in the millennial age group, prefer organic goods, and this trend is expected to drive United Kingdom demand for hexane-free protein.
Especially Store Format have been Boosting the Sales in the Region
FMI has projected the India hexane-free protein market to gain significant value share over the forecast period with the market share of 53.9% in 2022 for South Asia market. Specialty stores have emerged as a new format for operations as a result of the rise of modern retail formats. These specialty stores provide customers with easy access to items during their shopping activities, as well as the option of comparing and choosing different products.
Today's retail format provides consumers with a diverse range of products through comprehensive catalogs that include international brands. In addition to other lucrative offerings, this improved supermarket format offers branded and private label hexane-free protein at very affordable prices.
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Companies are targeting emerging countries in order to create a strong consumer base for their company. Axiom Foods Inc., a major hexane-free protein manufacturer, not only sells hexane-free protein, but also offers high-value-added services to its customers. The company's clients profit from its one-of-a-kind and creative products. The finished goods are of the highest possible standard with hexane-free, organic claims.
Established brands are focusing more on new product development to expand their product portfolio.
The key players in this market include:
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.7% from 2022 to 2032 |
| Market value in 2023 | USD 113.21 million |
| Market value in 2033 | USD 285.73 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Form, End-use, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Rest of Latin America, Germany, United Kingdom, France, Spain, Italy, Rest of Europe, Japan, China, Singapore, Thailand, Indonesia, Israel, GCC countries, South Africa, Australia, New Zealand, Rest of Middle East and Africa |
| Key Companies Profiled | 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 |
| Customisation Scope | Available on Request |
The hexane-free protein market is valued at USD 113.21 million in 2023.
Axiom Foods, Inc., Nutiva, Inc., and Ingredion, Inc. are the leading hexane-free protein industry players.
The hexane-free protein market is estimated to reach USD 285.73 million by 2033.
Growing demand for plant-based protein is expected to drive market sales over the forecast period.
Isolate hexane-free protein is likely to remain preferred in the market through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Isolate 5.2. Concentrate 5.3. Flour 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Syrup 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Beverages 7.1.1. Dairy-based Beverages 7.1.2. Functional Beverages 7.1.3. Others 7.2. Cosmetics & Personal Care 7.3. Breakfast Cereal & Cereal Bars 7.4. Energy & Sports Nutrition 7.5. Bakery Products 7.6. Dairy Products 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Axiom Foods, Inc. 16.2. Nutiva, Inc. 16.3. Ingredion, Inc. 16.4. Cargill, Inc. 16.5. ABF Ingredients 16.6. Austrade, Inc. 16.7. Merit Functional Foods 16.8. New Protein Global Inc. 16.9. Milk Specialties Global 16.10. Now Health Group, Inc. 16.11. Healthy Hey LLP 16.12. Form Ltd. 16.13. Boomers Protein 16.14. Devansoy, Inc. 16.15. Naked Nutrition 17. Assumptions & Acronyms Used 18. Research Methodology
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Hexane-free Protein Market
