About the Report
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.
Because of rising awareness and increased healthcare spending, governments and private sectors are encouraging production and consumption of organic food products in order to control and prevent disease. 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.
How the Historical and Future Outlook for Hexane-free Protein Market Match Up?
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. Simultaneously, the world is becoming more aware of the environmental stresses that these food choices are putting on the planet. As a result they are searching for ways to integrate plant-based foods into their diets.
Although there is a shift toward more plant-based products, most customers will not completely remove animal protein. 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. Due to the increasing demand for organic plant-based protein with a hexane-free claim, manufacturers are using greener solvents to extract oil from oilseeds.
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 7.9% CAGR between 2016 and 2020.
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 9.6% over the forecast period 2021-2031.
Is Increasing Number of Flexitarian Demographics Triggering the 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. With the aid of advanced food technology, manufacturers are creating dairy-free products that have the same taste and texture as meat.
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Is Growing Awareness about Functional Benefits of Hexane-free Protein 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 $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. Because of functional advantages such as high solubility in a liquid medium and the availability of essential nutrients, hexane-free proteins are especially common as supplements. The demand for plant-based protein has increased as the vegan population has grown.
Since they are considered to be safe and additive-free, hexane-free proteins are increasingly being used in sports nutrition products. 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.
Will Increasing Healthcare Cost 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.
How Big Is The Opportunity in the U.S. for Hexane-Free Protein Market?
FMI has projected North America hexane-free protein market to gain significant value share over the forecast period. The U.S will hold 82.3% of the market in the year 2021. 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.
How big is the Opportunity in Germany Hexane-Free Protein Market?
Germany remains one of the most lucrative markets for hexane-free protein in Europe with a market share of 19.8% in 2021. 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. However, 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.
How big is the opportunity in China hexane-free protein market?
China remains one of the most lucrative markets in East Asia hexane-free protein market with a market share of 56.0% in 2021. 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.
How Big is the Opportunity In U.K. Hexane-Free Protein Market?
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. Since natural and organic food is considered to be free of chemicals, hexane-free ingredients, and non-GMO, the millennial population in the United Kingdom is becoming more concerned about their own and their families' wellbeing. These products are largely eco-friendly, since they are made without the use of synthetic materials. As a result, consumers, especially those in the millennial age group, prefer organic goods, and this trend is expected to drive U.K. demand for hexane-free protein.
How Big Is the Opportunity in India Hexane-Free Protein Market?
FMI has projected the India hexane-free protein market to gain significant value share over the forecast period with the market share of 52.9% in 2021 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.
Furthermore, today's retail format provides consumers with a diverse range of products through comprehensive catalogues 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.
What is the Expected Market Share of Isolate Hexane-free Protein Globally?
The isolate hexane-free protein is expected to account for 55.3% of global hexane-free protein market through in 2021. It is expected to exhibit impressive CAGR over the forecast period, Rising demand for plant-derived ingredients will continue fuelling sales in this category.
Which form of Hexane-free protein Holds Maximum Market Share?
The powder segment holds maximum share in the global market in 2021, 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.
Why is Hexane-free protein Gaining Traction in Energy & Sports Nutrition?
Bases on end-use, energy & sports nutrition segment held 51.5% of market share in 2021. 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.
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. For instance: In 2018, Nutiva was the first company in the world to launch the first hexane-free organic hemp seed grown in the United States from a national organic brand in 2018. The company provides a pure and delicious food product by producing cold pressed and unrefined hemp seed oil that can be used in smoothies, salads, vegetables, and pasta dishes. Until now, the company has invested a total of $1 million in hemp related and advocacy program.
Some of the leading companies in the hexane-free protein market are:
- Axiom Foods, Inc.
- Nutiva, Inc.
- Ingredion, Inc.
- Cargill, Inc.
- ABF Ingredients
- Austrade, Inc.
- Merit Functional Foods
- New Protein Global Inc.
- Milk Specialties Global
- Now Health Group, Inc.
- Healthy Hey LLP
- Form Ltd.
- Boomers Protein
- Devansoy, Inc.
- Naked Nutrition
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Hexane-free protein Report
Historical Data Available for
Lactose Market Analysis
USD Million for value and '000 MT for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered
US, Canada, Mexico, Brazil, Peru, Chile, Rest of Latin America, Poland, Germany, Italy ,Spain, France, U.K., BENELUX, Nordic, Russia, Rest of Europe, China, Japan, South Korea, Indonesia, Malaysia, Singapore, India, Taiwan, Thailand, Rest of South Asia,, Australia, New Zealand, GCC Countries, Turkey, South Africa, Rest Of MEA,
Key Segments Covered
By Nature, Form, End use and Region
Key Companies Profiled
Hexane-free protein Market Forecast, brand share analysis, competition intelligence, DROT analysis, Hexane-free protein Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered in the Report
Which is the most lucrative market for hexane-free protein?
Europe is the largest market for hexane-free protein, accounting for 50.6% of the total global hexane-free protein market.
In which form is hexane-free protein preferred more?
Powder form of hexane-free protein accounted for US$ 102.9 Mn market value in 2021 and expected to grow at a CAGR of 9.6% during 2021-2031. It is also expected to remain the more preferred form of hexane-free protein through the course of the forecast period.
Which are some of the leading companies offering hexane-free protein market?
Some of the leading companies offering hexane-free protein are Axiom Foods, Inc., Nutiva, Inc., ABF Ingredients, Cargill Inc, Ingredion Incorporated, Austrade, Inc., Now Health Group Inc., New Protein Global Inc., Merit Functional Foods, and others.
Who is the leading end user of hexane-free protein?
The energy & sports nutrition account for maximum sales of the hexane-free protein. It is expected to remain the key end user through the coming years.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to our research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
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Hexane-free protein Market by Category
- Dairy-based Beverages
- Functional Beverages
- Cosmetics & Personal Care
- Breakfast Cereal & Cereal Bars
- Energy & Sports Nutrition
- Bakery Products
- Dairy Products
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)