The global rapeseed protein market value is anticipated to total USD 7.8 billion in 2024 and USD 10.6 billion by 2034. Global demand for rapeseed protein will likely surge at a CAGR of 3.1% during the forecast period.

Sales remain high for rapeseed protein isolates owing to high protein content and other benefits. The target segment accounted for a revenue share of 42% in 2023 and is set to witness steady growth through 2034.

Several factors are expected to drive the growth of the rapeseed protein industry during the assessment period. One such factor is the surging demand for plant-based proteins across the world.

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Consumers, especially vegans, globally are showing a keen inclination towards consuming plant-based products. This is putting plant-based proteins like rapeseed protein into the limelight and spurring their demand.

Rapeseed protein is widely used in several food products, including plant-based meat alternatives, shakes, and bakery items. This high adoption in food and beverage industry is leading charge in boosting market growth.

The popularity and usage of rapeseed protein are also growing in the animal feed sector. This is due to its favorable amino acid profile and high protein content.

Leading players are continuously investing in research and development to enhance the properties of their products. Companies are also utilizing efficient and sustainable extraction methods to improve 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.

Who is Winning?

DSM, TEUTEXX, Europa Crown Ltd., NapiFeryn BioTech, and GP Feeds Ltd. are few key players listed in the report. Developing novel products with improved taste and functionalities is becoming a key strategy for industry players globally.

Several players are looking to utilize efficient and sustainable extraction methods to enhance product quality and yield. Similarly, strategies like acquisitions, collaborations, mergers, and distribution agreements are becoming popular among players.

Industry Updates:

  • In May 2023, Firmenich International SA, headquartered in Switzerland, announced a merger with DSM to establish DSM-Firmenich AG.

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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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