The global sweet protein market is expected to grow significantly, with its value rising from USD 12.1 million in 2023 to USD 19.7 million by 2033. This growth is anticipated to be robust, driven by a compound annual growth rate (CAGR) of 8.1% throughout the forecast period.
Thaumatin is anticipated to be a major contributor to this growth, with the segment projected to hold a 43% revenue share in 2023. Thaumatin’s popularity is attributed to its exceptional sweetness intensity, enduring effects, and various other benefits.
Increasing consumer demand for minimally processed, natural alternatives to traditional food additives, including sweeteners, is bringing sweet proteins into the spotlight and driving their sales.
Companies are incorporating sweet proteins into a variety of functional foods and beverages—such as protein bars, shakes, and snacks—to enhance flavor while maintaining nutritional value. This trend is expected to fuel market growth during the forecast period.
The rise of plant-based and vegan diets is also contributing to the growing popularity of sweet proteins. Additionally, national initiatives aimed at reducing sugar consumption are expanding the market for sweet proteins and other alternative sweeteners.
To align with the plant-based trend, leading sweet protein manufacturers are focusing on extracting their products from natural sources like stevia and monk fruit. Many companies are also investing in advanced extraction and processing technologies to strengthen their market positions.
Key Takeaways from the Global Sweet Protein Market Study Report
- The global market for sweet proteins is set to attain a valuation of US$ 19.7 million in 2033.
- By product type, the thaumatin category is expected to account for a value share of 43% in 2023.
- Based on end-use application, the confectionery segment is projected to hold a revenue share of 24% in 2023.
- The United States held around 17% share of the global market in 2022.
- Demand for sweet proteins in the United Kingdom is set to rise at 5.6% CAGR through 2033.
- China is anticipated to register a CAGR of 5.6% between 2023 and 2033.
- Sales of sweet proteins in India are projected to soar at 6.7% CAGR through 2033.
Competitive Landscape
The sweet protein market is relatively consolidated, with only a few key players dominating the sector. However, the alignment of sweet proteins with the clean label movement—due to their natural origins and minimal chemical processing—has attracted a growing number of start-ups to the industry.
Major sweet protein manufacturers are leveraging advanced production technologies to lower overall costs. Additionally, they are actively expanding their product offerings by introducing new sweet protein products to the market.
Recent Developments in the Global Sweet Protein Industry
- In April 2023, Sweegen Company released its new sweet protein product line, Sweetensify Flavors, to help food & beverage manufacturers make healthier, lower-sugar products. Brazzein, thaumatin II, and other proteins are part of its novel protein technology employed in its production, which enhances and modifies sweet flavor. The product can be utilized in several packaged or ready-to-eat or drink products such as energy drinks, granola/cereal bars, cocktails, chocolate, or even soft drinks.
- In July 2023, MycoTechnology, an ingredient innovation and mushroom research firm, revealed its important finding of a naturally sweet protein sourced from honey truffles. The ground-breaking discovery of honey truffle sweetener can be a potentially revolutionary replacement for sugar and artificial sweeteners that might lower world sugar consumption. MycoTechnology is also utilizing cutting-edge technology to take advantage of the adaptability of fungus to isolate and identify the edible sweet protein.
Key Companies Profiled
Sweegen
Joywell Foods
Oobli
Sunesta Life Science
Lifeasible
Cweet
Amai Proteins
Talin
Tate & Lyle
Mirabrust
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Key Segments Covered by Sweet Protein Industry Survey Report
By Product Type:
- Brazzein
- Thaumatin
- Monelin
- Mabinlin
- Curculin
- Other Types
By End-use Applications:
- Bakery Goods
- Sweet Spreads
- Confectionary
- Sauces, Jams, and Dressing
- Syrups
- Chocolate
- Ice Cream
- Yogurt
- Dairy Product
- Carbonated Drinks
- Other End-use Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
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