The global market size of rapeseed protein is estimated to reach USD 7.8 billion in 2024 and further expand at a CAGR of 3.1% during the assessment period. Global sales of rapeseed protein are predicted to total USD 10.6 billion by 2034, indicating the scope the industry holds for manufacturers. Sales remain particularly high for protein isolates, holding a value share of 42% in 2023.
High protein content of canola protein isolates, along with expanding usage in diverse industries, is leading to increasing product demand.
Rapeseed protein is becoming a promising plant-based protein due to its high protein content and digestibility. Growing consumption of this complete protein across the world is playing a key role in boosting industry growth.
Rapeseed/canola protein is beneficial for cardiovascular health due to less saturated fat content. Apart from the health benefits, canola protein also possesses good emulsifying and gelling properties. As a result, it is widely used in plant-based meat alternatives, shakes, protein bars, and other food items, leading to sales growth.
Global Rapeseed Protein Industry Assessment
| Attributes | Description |
|---|---|
| Estimated Global Rapeseed Protein Market Size (2024E) | USD 7.8 billion |
| Projected Global Rapeseed Protein Market Value (2034F) | USD 10.6 billion |
| Value-based CAGR (2024 to 2034) | 3.1% |
Rapeseed protein is gaining immense traction among food manufacturers due to its good digestibility and functional properties. Growing usage in the thriving food and beverage sector is set to boost growth of rapeseed protein market.
More and more consumers are shifting preferences toward plant-based diets, leading to increasing demand for alternative plant sources. Expanding plant-based protein sector worldwide will eventually create prospects for rapeseed protein manufacturers.
The animal feed sector is also constantly making use of canola protein due to its excellent amino acid profile. High product adoption in animal feeds is anticipated to power up sales during the assessment period.
Continuous advances in food technology are allowing companies to create products with improved quality and functionality. This will further encourage rapeseed protein usage in various food products, including protein supplements and dairy substitutes, leading to high product demand.
For instance, China-based ETprotein is continuously conducting research on canola protein functionality. DSM recently developed rapeseed protein isolate (CanolaPRO) for the food and beverage sector. Such efforts will play a key role in dictating the course of the target sector during the assessment period.
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Diverse Product Applications Boosting Growth
The application area of rapeseed protein is growing significantly, ranging from animal feeds, meat analogues, bakery products, functional foods, and personal care items. This versatility of canola protein is set to play a key role in providing impetus for sales growth through 2034.
Being an excellent source of essential amino acids, minerals, and vitamins, canola protein is gaining popularity among health-conscious consumers. Surging demand for healthy and nutritious food choices globally will likely impact sales.
Growing Demand for Plant-based Proteins Influencing Sales
Rising demand for plant-based products and increasing vegan population are key market trends in rapeseed protein sector. Consumers in the contemporary world are seeking plant-based proteins due to ethical, health, and environmental reasons. This is acting as a catalyst triggering product sales, and the trend will likely persist through 2034.
Canola protein is becoming an attractive choice due to high amino acid content and allergy-free nature. Growing popularity of this plant-based protein across the world is anticipated to facilitate sector growth.
There is also a surge in vegan and vegetarian populations globally, leading to high demand for plant-based food products. Courtesy of this, rapeseed/canola protein manufacturers will find immense opportunities in this industry.
Limited Awareness and Availability of Alternative Proteins Limiting Growth
The rapeseed protein industry forecast looks optimistic as demand for plant-based proteins continues to surge. However, the sector is facing certain limitations that might limit its growth.
Several manufacturers are widely using alternative proteins like pea protein and soy protein due to their benefits. This is expected to have a negative impact on the rapeseed protein market growth.
Consumers in various regions are also not familiar with canola protein as it is a relatively new player to established ones like pea and soy proteins. This is also acting as a barrier to the industry's growth.
Global rapeseed protein sales recorded a CAGR of 4.9% between 2019 and 2023. This steady growth was fueled by increased demand for plant-based products globally.
In recent years, the plant-based food industry has witnessed strong growth. People have shown an inclination toward consuming plant-based products, which has led to increased demand for plant-based proteins like canola protein.
High adoption of canola protein in nutritional and dietary supplements also provided impetus for sales growth. Similarly, cost-effectiveness and high nutritional profile of this protein made it popular in animal feed sector.
Looking ahead, the global rapeseed protein industry is set to register a CAGR of 3.1%, indicating a reduction of 1.8% CAGR compared to the historical growth rate. This decreased growth rate can be due to high adoption of alternatives like pea protein and mycoprotein.
Prominent growth factors influencing the rapeseed protein market include growing health and wellness concerns and surging interest in plant-based proteins. Increasing awareness about the potential health, nutritional, and environmental benefits of canola protein will also benefit the sector.
Canola protein has become a sustainable and nutritious alternative to traditional protein sources. High protein content, better digestibility, and potential benefits of rapeseed oil are fueling its demand globally.
Another key factor propelling rapeseed protein demand is the ongoing food fortification trend. Leading food and beverage manufacturers are incorporating canola protein in their products to enhance nutritional profile and woo health-conscious consumers.
Principal Consultant
Tier 1 companies comprise industry leaders with huge revenue, capturing a significant industry share of the global market. These leaders are focused on increasing production capacities. They offer different protein ingredients with enhanced functionalities.
These leading companies are working on utilizing advanced extraction methods to create high quality rapeseed-based items and enhance the taste and functionality of their products. Prominent companies within Tier 1 include DSM, TEUTEXX, and Europa Crown Ltd.
Tier 2 companies include mid-size players having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong industry knowledge.
They are striving to educate consumers about the nutritional value and other benefits of canola protein. Tier 2 companies also invest in research and development to overcome challenges like bitterness. One prominent company in tier 2 is GP Feeds Ltd.
The below section provides a comparative analysis of two industries in the food and beverage division related to target industry, namely, pea protein ingredient and soy protein isolate industries. The information provided in the tables below would enable potential clients to make wise investment decisions and put efforts in the most beneficial zones.
Pea Protein Ingredient Industry Assessment:
Today, consumers are increasingly seeking vegan diets for ethical and health considerations. This is anticipated to propel demand for pea protein during the assessment period. Surging demand for clean-label products, coupled with increasing vegetarian population, is also positively impacting the target industry.
| Attribute | Description |
|---|---|
| Related Market | Pea Protein Ingredient Market |
| CAGR (2024 to 2034) | 7.9% |
| Growth Factor | Rising demand for healthy and natural food. |
| Opportunity | Increasing prevalence of food allergies. |
| Key Trends | Growing preference for vegan foods. |
Soy Protein Isolate Industry Assessment:
High adoption of soy protein isolates in functional foods, bakery items, and other applications is providing impetus for growth. Growing health and wellness trends and increasing prevalence of food allergies are anticipated to uplift demand for soy protein isolates through 2034.
| Attribute | Description |
|---|---|
| Related Market | Soy Protein Isolate Market |
| CAGR (2024 to 2034) | 8.8% |
| Growth Factor | Growing adoption of soy protein isolated in the food and beverage sector. |
| Opportunity | Increasing lactose intolerant population. |
| Key Trends | Rising veganism trend and penetration of e-commerce. |
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The below section depicts rapeseed protein market forecast across various countries. South Korea and Japan are predicted to experience significant growth, exhibiting CAGRs of 5.2% and 4.8%, respectively, through 2034.
Market opportunities for organic and non-GMO rapeseed protein products exist in nations like the United States, Germany, and the United Kingdom. Similarly, integration of rapeseed protein in meat analogues and alternative protein products will likely boost growth in mature pockets.
Growing awareness of the nutritional benefits of canola protein for vegan and vegetarian diets is anticipated to fuel growth in nations like India, China, and Korea. The impact of dietary trends on the rapeseed protein market in these nations is also notable.
| Countries | CAGR 2024 to 2034 |
|---|---|
| United States | 3.4% |
| China | 3.8% |
| United Kingdom | 4.3% |
| Japan | 4.8% |
| South Korea | 5.2% |
The United States is forecast to register steady growth totaling USD 1.9 billion by 2034. Demand for canola seed protein in the nation will likely increase at a CAGR of around 3.4% during the assessment period.
Multiple factors are expected to propel growth of the canola protein market in the United States through 2034. One such factor is the ongoing innovation boom in the nation’s thriving food sector.
In the United States, food industry is witnessing an innovation boom, with leading manufacturers increasingly seeking alternative proteins. This will likely play a key role in propelling demand for rapeseed protein in the nation over the next ten years.
Consumers in the United States are also seeking food products with natural and plant-based ingredients. This is also prompting food manufacturing companies to utilize ingredients like canola protein in their products.
The United Kingdom rapeseed protein industry is poised to experience a CAGR of 4.3% during the forecast period, with total value reaching USD 428.2 million in 2034. This is attributable to growing popularity of canola protein due to multiple health and nutritional benefits.
Being a complete protein with low allergenicity, rapeseed/canola protein is giving tough competition to other plant proteins like soy protein. Similarly, the potential health benefits of this protein, including cholesterol-lowering properties, are making it an ideal choice for health-conscious consumers in the United Kingdom.
Japan is anticipated to experience a CAGR of 4.8% during the assessment period, offering lucrative opportunities to canola protein manufacturers. This can be attributed to factors like rising geriatric population and increasing demand for functional foods and beverages.
The health and fitness movement in Japan is gaining immense traction, prompting consumers to seek foods and beverages that provide additional health benefits. This will likely fuel sales of rapeseed protein.
Canola protein is widely used in functional foods and beverages to improve their protein content. As consumer interest in functional foods keeps growing in Japan, the target industry is set to witness a steady growth trajectory through 2034.
The section below sheds some light on key segments. Detailed rapeseed protein market segmentation can help companies invest in demanding products to boost revenues and stay ahead.
Isolates segment dominates the industry, holding a share of 42% in 2023. Based on nature, conventional rapeseed segment accounted for a value share of 62% in 2023 and will likely record a CAGR of 2.6% during the assessment period.
| Segment | Isolates (Product Type) |
|---|---|
| Value Share (2023) | 42% |
The isolates segment leads the global market, accounting for a value share of 42% in 2023. Further, demand for canola protein isolate is anticipated to surge at 2.8% CAGR during the assessment period.
High protein content of canola protein isolates is a key factor behind their growing popularity and adoption across several industries, including food and beverages. Isolates also exhibit excellent functional properties, including emulsification and solubility, leading to increased usage.
Canola protein isolates have high protein content as they go through rigorous processing. This is making them an ideal option for health-conscious consumers, athletes, and companies looking to increase protein content of products.
Canola protein isolates are replacing other plant-based proteins in dietary supplements, sports nutrition, and protein-enriched foods due to their nutritional profile and allergy-free nature. This will positively impact product sales through 2034.
Technological advancements in rapeseed protein extraction and processing are helping manufacturers to improve quality and functionality of canola protein isolates as well as reduce costs. This will further boost segment growth during the assessment period.
| Segment | Conventional (Nature) |
|---|---|
| Value Share (2023) | 62% |
When it comes to nature, the conventional rapeseed segment dominates the global canola protein industry, accounting for a value share of 62% in 2023. For the projection period, a CAGR of 2.6% has been assigned for the same segment.
One key factor behind the segment’s dominance is the cost-effectiveness of the product. Conventional rapeseed is cheaper than other varieties. Manufacturers often find conventional rapeseed protein attractive due to its affordable nature.
High adoption of conventional canola protein in a variety of food products due to cost-effectiveness and functional properties is expected to boost sales. Subsequently, well established farming practices and growing applications of conventional canola protein in animal feed sector will likely boost segment growth through 2034.
Key players in the rapeseed protein market are focusing on creating new protein products like hydrolysates, concentrates, and isolates for different uses in industries. Large investments are being made by companies like DSM in research and development to improve the taste, texture, and functionality of oilseed rape protein to make it more appealing to consumers.
Several companies are looking to utilize efficient and sustainable extraction methods to enhance product quality and yield. Sustainable agricultural practices are becoming popular as players look to reduce environmental impact.
Players are also partnering with end users like food manufacturers and cosmetic brands to boost sales growth and revenue. Similarly, strategies like partnerships, acquisitions, distribution agreements, new facility expansions, and mergers are making the competitive landscape of the rapeseed protein industry fiercer.
Companies are also striving to educate consumers about the potential health and environmental benefits of canola protein. This will likely play a key role in expanding their customer base in the upcoming years.
Industry Updates
Based on product type, the industry is segmented into isolates, concentrates, and hydrolysates.
When it comes to nature, the sector is categorized into conventional rapeseed and organic rapeseed.
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.
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.
Global revenue is set to total USD 7.8 billion in 2024.
Demand is forecast to increase at a CAGR of 3.1% CAGR through 2034.
By 2034, the global market value is projected to total USD 10.6 billion.
Rapeseed protein isolates.
DSM, TEUTEXX, Europa Crown Ltd., NapiFeryn BioTech, and GP Feeds Ltd.
Canola protein is mostly prepared through aqueous extraction.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Product Type 6.2. Nature 6.3. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Rapeseed Protein Isolates 7.2. Rapeseed Protein Concentrates 7.3. Rapeseed Protein Hydrolysates 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 8.1. Conventional Rapeseed 8.2. Organic Rapeseed 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 9.1. Food and Beverages 9.1.1. Bakery 9.1.2. Confectionery Products 9.1.3. Meat 9.1.4. Dairy 9.1.5. Others 9.2. Animal Feed 9.3. Nutritional and Dietary Supplements 9.4. Cosmetics and Personal Care Products 9.5. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. South Asia 10.5. East Asia 10.6. Eastern Europe 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Product Type, Nature, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. DSM 20.2. TEUTEXX 20.3. Europa Crown Ltd. 20.4. NapiFeryn BioTech 20.5. GP Feeds Ltd.
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