Unlocking the Potential: The Global Collagen Market’s Growth Story

In the ever-evolving world of industries and markets, one that has been garnering increasing attention is the global collagen market. It’s a market on the move, and the numbers certainly back that claim. In 2022, the global collagen market was estimated to be worth a substantial USD 4.7 billion. But here’s the real kicker: by the time we hit 2030, experts are projecting this figure to soar to an impressive USD 7.2 billion. That’s a compound annual growth rate (CAGR) of 5.3% in terms of value, making it a hotbed for investors and businesses looking to make their mark in this industry.

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Now, you might be wondering, what’s driving this remarkable growth in the worldwide collagen market? Well, it’s a combination of several factors, each contributing to the market’s upward trajectory. Let’s delve into them.

1. Collagen’s Diverse Applications

Collagen has found its way into various sectors, and its versatility is one of the prime factors propelling market growth. First and foremost, the food industry is experiencing a surge in the use of collagen. This is driven by the growing interest in protein consumption, nutricosmetics, and the extensive applications in healthcare. Moreover, the utilization of collagen-based biomaterials is on the rise, adding to the market’s expansion.

2. Rising Incomes and Food Processing Sector

With increasing per capita income and a burgeoning food processing sector, collagen producers have been presented with incredible growth prospects. As disposable incomes rise, consumers are willing to spend more on quality products, including those infused with collagen. The food processing industry, on the other hand, relies heavily on collagen for various purposes, further fueling the market’s growth.

3. Marine Collagen’s Ascension

When it comes to the source of collagen, the marine segment is the one to watch. Between 2022 and 2030, it is expected to grow at the highest CAGR. The cosmetics sector, in particular, has witnessed a surge in demand for marine collagen. This collagen variety offers a plethora of cosmetic and beauty benefits, such as reducing wrinkles and improving skin elasticity. Additionally, it has proven effective in promoting the growth and maintenance of hair, nails, and teeth, making it a hot commodity in the beauty industry.

4. Collagen in Nutritional Products

Among the various applications of collagen, nutritional products take the lead. A nutritious diet is crucial for optimizing the performance of athletes, and proteins play a pivotal role in this regard. Collagen, with its joint and connective tissue protection, muscle restoration capabilities, and contribution to weight management, has become a vital ingredient in sports nutritional products. It not only enhances athletes’ stamina and energy but also reduces the risk of injury.

5. Europe Leads the Way

In the forecast period, Europe emerges as the largest region in the global collagen market. The presence of major collagen manufacturers, including Tessenderlo Group (Belgium), GELITA AG (Germany), Lapi Gelatine S.p.a. (Italy), and Weishardt Holding SA (France), among others, further propels the market in this region. Europe’s strong position underscores its pivotal role in shaping the global collagen landscape.

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The Key Players

To get the full picture, it’s essential to take a closer look at the leading companies driving the collagen market. These include Tessenderlo Group (Belgium), GELITA AG (Germany), Holista Colltech (Australia), Darling Ingredients (US), Nitta Gelatin NA Inc. (Japan), Gelnex (Brazil), Lapi Gelatine S.p.a. (Italy), Weishardt Holding SA (France), Royal DSM N.V (The Netherlands), and Collagen Solutions LLC (UK). Understanding their marketing strategies, development plans, and product portfolios provides valuable insights into the market’s dynamics.

In conclusion, the global collagen market is on an upward trajectory, driven by a myriad of factors, including its diverse applications, rising incomes, and the ascension of marine collagen. As the market continues to evolve, keeping an eye on these key trends and players will be essential for businesses and investors looking to thrive in this lucrative industry. Stay tuned for more updates on this exciting market!

Sourdough Market Size, Industry Share, Forecast 2028

The sourdough market is projected to reach USD 3.5 billion by 2028 from USD 2.3 billion by 2023, at a CAGR of 9.0% during the forecast period in terms of value. Sourdough bread is a type of bread made using a fermented dough starter that contains naturally occurring yeasts and lactobacilli bacteria. Sourdough, a fermented dough starter, finds versatile applications across various food categories. There are different types of Sourdough used for various purposes, including Type I, Type II, and Type III sourdough. For instance, Sourdough is a versatile ingredient used in baking bread, buns, cookies, cakes, and pizza, among other applications. It provides a tangy flavor, improves texture, and enhances shelf life. Ingredients like Wheat, barley, and oats are commonly used in sourdough recipes. The growing trend towards artisanal, preservative-free, and naturally fermented products has fueled the increasing demand for sourdough in the market.

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The Asia Pacific Sourdough market is expected to grow at a significant rate. The region’s rapid urbanization, expanding middle class, and increasing consumer spending power contribute to the shift towards Western dietary preferences and a rise in health consciousness. Consumers in Asia Pacific are becoming more aware of the benefits of sourdough, such as its natural fermentation process and potential digestive advantages. The popularity of artisanal and gourmet bread products, including sourdough, is on the rise in urban areas. Additionally, the incorporation of sourdough into traditional Asian recipes and baked goods adds to its appeal. The presence of international bakery chains, supermarkets, specialty stores, and e-commerce platforms further drives the availability and accessibility of sourdough products. Moreover, the region’s agricultural abundance allows for the cultivation of high-quality grains and ingredients, supporting the production of premium sourdough products. With shifting consumer preferences, increasing awareness, culinary adaptation, expanding distribution channels, and favorable agricultural conditions, Asia Pacific is set to be a thriving market for sourdough in 2023.

Key players in this market include Puratos (Belgium), IREKS GMBH (Germany), Lallemand Inc. (Canada), Lesaffre (France), BOUDIN BAKERY (US), Goodmills (Austria), and Bake With Brolite (US).

Sourdough bread aligns with this trend as it is perceived as a healthier alternative to traditional bread due to its natural fermentation process and potential digestive benefits. The rising consumer awareness about the advantages of sourdough, such as improved digestion and potentially lower glycemic index, further drives its popularity. Additionally, the growing availability of artisanal and premium sourdough products in supermarkets and specialty stores boosts market growth.

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By introducing new flavors, variants, and formats of sourdough bread, as well as expanding into other sourdough-based products like pastries and snacks. Moreover, with increasing consumer interest in sustainability and locally sourced products, there is an opportunity to highlight the regional and cultural aspects of sourdough, promoting traditional baking techniques and local ingredients. Additionally, the online retail channel provides an avenue for reaching a wider consumer base and expanding sourdough market presence.

Increasing consumer awareness of the health benefits of oats, such as high fiber content and gluten-free properties, is driving the demand for oat-based products. The shift towards healthier dietary preferences, including vegan and plant-based diets, is also contributing to the popularity of oats. Manufacturers are innovating and introducing a variety of oat-based products to cater to evolving consumer preferences. The sustainability aspect of oats, with lower water and land requirements, aligns with the growing focus on environmentally friendly food choices. These factors collectively propel the growth of the oats segment and make it a lucrative market opportunity.

Fueling Wellness: Unraveling the Booming Medium Chain Triglycerides (MCT) Market

In the realm of nutritional trends, the medium chain triglycerides (MCT) market is a shining star, with a valuation of USD 763 million in 2021. But what’s even more intriguing is the forecasted growth at a compelling CAGR of 6.3%, propelling it to a projected value of USD 1,034 million by 2026. The driving force behind this meteoric rise? A surge in the demand for MCT oil in dietary supplements and functional foods, coupled with a heightened public consciousness of the manifold health benefits that MCTs bring to the table.

Medium chain triglycerides, a category of saturated fatty acids, find their home in coconut oil, palm oil, and dairy products. What sets them apart from their long-chain counterparts is their unique metabolism in the body. MCTs are swiftly absorbed and processed, making them the darlings of energy bars, sports drinks, and weight-loss supplements.

These versatile triglycerides find their way into a myriad of products, including nutritional diets, infant formulas, functional foods, pharmaceuticals, personal care items, sports drinks, and dietary supplements. Why? Their shorter fatty acid chains facilitate rapid breakdown and absorption, reducing the likelihood of being stored as body fat and delivering an immediate energy boost. This quality makes them ideal for low-carb or ketogenic diets, where ketone production is key to effective weight management.

But MCTs don’t stop there. Enter medium chain triglyceride powder, a white or off-white, water-soluble powder sourced from coconut oil, palm oil, or palm kernel oil. It joins forces with other nutritional ingredients to craft a variety of formulations, from infant formula to weight management products and sports nutrition offerings.

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In the MCT world, coconut reigns supreme, commanding a market share of 42.2% and a valuation of USD 303 million in 2020. Why the coconut craze? Well, in coconut oil, nearly 60% of the fatty acids are MCTs, making it a primary source for MCT oil production. Beyond its utility, coconut oil packs a potent health punch, with benefits spanning cholesterol management, blood pressure regulation, cardiovascular risk reduction, weight management, cognitive enhancement, antimicrobial properties, and more.

Zooming in on the global landscape, the Asia Pacific region emerges as a dynamic player in the MCT game. It’s one of the fastest-growing markets, driven by surging adoption in cosmetics, personal care, and the food and beverage sector. Leading the charge are China, India, and Japan, where busy lifestyles and rising disposable incomes fuel demand for nutritional products. In addition, the beauty industry thrives on MCTs, integrating them into lotions, gels, creams, and cosmetics, elevating the market’s trajectory in the Asia Pacific region.

In this blog, we’ll delve deeper into the remarkable journey of the medium chain triglycerides market, exploring the factors fueling its ascent and how it’s becoming a vital ingredient in our pursuit of wellness and vitality.

The Rise of Food Anti-Caking Agents: Meeting Demand Amidst Shifting Landscapes

The food anti-caking agents market has been making waves, with a size estimated at USD 822 million in 2020 and a promising projection to reach USD 1,074 million by 2025. This journey is marked by a robust CAGR of 5.5% during the forecast period. Numerous factors are propelling the food anti-caking agents industry forward, including a growing disparity between the demand and supply of cocoa butter. Additionally, the ever-increasing consumption of confectionery and processed foods, coupled with a rising appetite for clean label food products, is fuelling the market’s expansion.

The global dynamics of supply and demand for food anti-caking agents have undergone a significant transformation in response to the COVID-19 crisis. This period has brought about heightened uncertainty in prices and triggered shifts in market equilibrium. Palm oil, a key player in the global oil production landscape, bore the brunt of these changes. Demand plummeted worldwide, trade routes were disrupted, and production faced setbacks in Indonesia and Malaysia, major producers of this vegetable oil. Industry giants like Wilmar International and Mehwah Group, deeply rooted in the region, were not immune to the challenges. To restore balance in the market, numerous countries initiated efforts to stabilize the situation.

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Calcium compounds, with their diverse applications spanning salt, garlic salt, onion salt, baking powder, dry cures, unstandardized dry mixes, confectioner’s sugar (Icing sugar), meat binders, and grated or shredded cheese preparations, hold a pivotal role in this narrative. As demand for these products surges, particularly in developed nations, the food anti-caking agents market is poised for substantial growth.

North America leads the charge in the global markets, commanding the largest market share. This growth is underpinned by the region’s insatiable appetite for a wide array of food ingredients, many of which exhibit hygroscopic properties, along with an increasing demand for premixes across a diverse range of food products and applications.

Key players shaping the global food anti-caking agents market include Evonik Industries AG (US), PPG Industries, Inc. (US), Brenntag AG (Germany), Univar Solutions Inc. (US), and Solvay SA (Belgium).

In this blog, we’ll delve deeper into the driving forces, challenges, and regional dynamics that define the food anti-caking agents market’s ascent, exploring how it adapts to meet evolving consumer demands and global shifts.

Exploring the Dynamic Landscape of the Pulse Ingredients Market

The global pulse ingredients market is on an upward trajectory, with an estimated value of USD 20.7 billion in 2022. Projections indicate that it will further surge to USD 25.9 billion by 2027, boasting a noteworthy compound annual growth rate (CAGR) of 4.6% throughout the forecast period. Pulse ingredients, derived from peas, lentils, and chickpeas without the use of processing aids or chemical compounds, have emerged as natural, food-grade products that augment the nutritional profile of various foods while preserving their flavor, aroma, and color properties. These ingredients play a pivotal role in the formulation of food and feed products, including pet foods and aquaculture feeds.

Chickpeas, also known as garbanzo beans, stand out as a significant source of proteins, vitamins, minerals, carbohydrates, and dietary fiber. According to the Food and Agriculture Organization (FAO), India held the distinction of being the largest producer of chickpeas in 2019, contributing to approximately 70% of the global supply. In South Asia, chickpeas rank as the third most cultivated legume after beans and peas. Desi and Kabuli are the two primary varieties of chickpeas, with Kabuli primarily grown in West Asia and the Mediterranean region, while the desi type is cultivated in the Indian subcontinent. The increased consumption of chickpeas, coupled with their diverse applications in the food and beverage industry, is expected to drive significant growth in this segment.

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The Asia Pacific region, encompassing countries such as India, China, Australia, New Zealand, and Japan, plays a pivotal role in the global pulse production landscape. In 2018, this region accounted for 49% of global pulse production, with India alone contributing a substantial 57% to the total production. India stands as one of the leading pulse producers and consumers globally, with prominent pulse crops including chickpeas, peas, green gram, black gram, and lentils. The region’s growth is underpinned by factors such as population growth, increasing disposable income, and heightened consumer interest in functional ingredients, all of which are poised to bolster sales within the pulse ingredients market.

Key industry players driving innovation and growth in this market include ADM (US), Roquette Frères (France), Ingredion (US), The Scoular Company (US), Axiom Foods, Inc. (US), PURIS (US), Emsland Group (Germany), AGT Food and Ingredients (Canada), Batory Foods (US), Vestkron Milling M/S (Norway), and Dakota Ingredients (US).

In this blog, we’ll delve deeper into the dynamics and factors influencing the global pulse ingredients market’s expansion and explore the regional nuances that contribute to its robust growth.

Market Leaders in Liquid Milk Replacers Market

The global liquid milk replacers market size is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major driving factors in the liquid milk replacers market are increasing consumption of dairy products and the adoption of precision nutrition technique.

The major liquid milk replacers vendors include Liprovit, BV (Netherlands), Calva products LLC (US), PETAG Inc. (US), Cargill (US), Archer Daniels Midland Company (ADM) (US), CHS Inc. (US), Land O’Lakes Inc. (US), Glanbia Plc (Ireland), Nutreco N.V. (Netherlands), and Lactalis Group (France). These players have adopted various growth strategies such as expansions, acquisitions, and new product launches to expand their presence in the global liquid milk replacers market. Expansions has been the most dominating strategy adopted by major players from 2014 to 2018. This has helped them to innovate their offerings and broaden their customer base.

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In line with the rising importance of the liquid milk replacers, Cargill has established its presence in diversified feed markets; this has helped it to minimize risks and dependency on any particular business segment. The company has a strong product portfolio and brand image, which enables it to strengthen its position in the market. It has strong R&D capabilities, which provide it with a strategic advantage over its competitors. The company is focusing on R&D to meet the demands of the feed industry. The company focuses on obtaining market-driven solutions to meet the increasing demand for milk replacers and other feed products. It is involved in various strategic growth initiatives such as expansions and investments. For instance, Cargill opened a new animal nutrition technology application center in Izmir, Turkey, in January 2016, to aid the increase in local awareness for calf milk replacers.

Nutreco N.V. focuses on catering not only to the milk replacers market but the overall feed industry. The company leads in terms of operational and financial strength and has focused on growing within the milk replacers market through both organic and inorganic means. It has expanded its product portfolio and geographic reach through new product launches, expansions, investments, and acquisitions. For instance, in 2017, Sprayfo altered the composition of its products in the above product range to reduce the usage of chemicals to a minimum level. In 2016, Trouw Nutrition (Netherlands), a subsidiary of Nutreco (Netherlands), opened a new Calf & Beef Research Facility close to Boxmeer (Netherlands) to meet the demand for milk replacers in animal nutrition applications.

Related Reports:

Liquid Milk Replacers Market by Type (Medicated and Non-Medicated), Livestock (Calves, Piglets, Kittens, Puppies, Foals, Kids & Lambs), and Region (North America, Europe, Asia Pacific and Rest of the World) – Global Forecast to 2023

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The Growth of the Bakery Industry to Drive Market Growth

Europe is projected to dominate the bakery premixes market due to the rise in the consumption of bakery products as a staple food product among consumers. The European bakery premix market is an established market, as key players have enhanced distribution channels, comply with regulations, develop innovative products, and align with consumer preferences.

Russia is projected to witness the highest growth in the European market during the forecast period. The demand for bread and bakery products in the country is projected to increase in the coming years, as consumers are adapting to the urbanized lifestyle, which drives the sales of convenience food products. The consumption of bread remains the highest in the county, and the demand seems to be increasing in the coming years, as manufacturers are focusing on launching bread products with value addition for health-conscious consumers.

This report includes a study on the marketing and development strategies, as well as product portfolios of the leading companies. It consists of profiles of leading companies, such as Oy Karl Fazer AB (Finland), Archer Daniels Midland Company (US), Puratos (Belgium), Corbion (Netherlands), Bakels Group (Switzerland), Nestle (Switzerland), Cargill (US), Nisshin Seifun Group Inc. (Japan), KCG Corporation, Swiss Bake Ingredients Pvt. Ltd. (Switzerland), Lesaffre (France), GK Ingredients (Malaysia), Premia Food Additives Pvt. Ltd. (India), Winner Group (Thailand), Midas Foods (US), Synova (Thailand), Heliofood (Malaysia), Watson Inc.(US), Limagrain (France), KCG Corporation (Thailand), Pondan (Indonesia), Trans Standard International (Malaysia), PT Sriboga Flour Mill (Indonesia), Winner Group (Thailand), Pt Gandum Mas Kencana (Indonesia), Heliofood (Malaysia) and Synova (Thailand), Dongguan Dongmei Foods Co. Ltd. (China), and GK Ingredients (Malaysia).

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By application, the bakery premixes market is segmented into bread products and bakery products. Bread mixes are primarily used by bakers to ensure the quality of products and minimize the cost of the final product. They help bakers to diversify their product portfolio by including different products, such as Italian panettone and French baguette. The bread mixes help in producing high-quality products with improved taste and texture at a competitive cost.

Among the bakery products, the pastries segment is projected to witness the highest growth over the forecast period, as they are convenient to use and provide moist texture and consistent flavor to the final products. These products are available in different flavors, such as chocolate, vanilla, and fruits, which are projected to drive the market growth over the forecast period.

Rising Adoption of Plant-Based Protein Drives Meat Substitutes Market

Meat Substitutes Market is projected to reach USD 3.5 billion by 2026, from USD 1.6 billion in 2019, recording a CAGR of 12.0% during the forecast period. The rising awareness about plant-based meat and increasing health-cautiousness due to increasing obesity are projected to drive industry growth during the forecast period.

The demand for pea protein, as a source, to remain high during the forecast period

The market for pea proteins as a source of meat substitutes projected to grow at the highest CAGR during the forecast period; the projected growth is owing to the high nutritious value that pea protein. Furthermore, the rise in disposable income among the increasing middle-class population of Europe is facilitating more expenditure on the premium, highly-priced, and pant-based meat products. Hence, the growing demand for vegan products in the region is expected to fuel the growth of pea protein meat substitutes.

The solid segment is estimated to dominate the meat substitutes market due to the increasing consumption by food manufacturers

The solid segment, by form, is projected to dominate the global meat substitutes market during the forecast period. This is due to the high consumption of solid meat substitutes in powder and chunks forms. Solid meat substitutes also help to increase the shelf-life of products, which help food manufacturers to buy solid meat substitutes at a wholesale level, which reduces the cost of raw materials. These factors have been driving the growth of this segment for the past few years.

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With the increasing demand for plant-based meat, North America is estimated to dominate the meat substitutes market in 2019

The changing lifestyle and increasing buying power of consumers have increased the demand for meat substitutes. The growth of the region is owing to the increasing sale of plant-based meat products in North America and the rising acceptance of convenience foods among consumers due to their hectic lifestyles. Also, the inclination of the millennial population toward ready-to-eat foods drives the North American processed food market, which, in turn, is driving the demand for global meat substitutes.

In recent years, the rise in innovation in plant-based meat products has also been seen in the US. This factor is also expected to propel the market growth. Major companies of this region, such as Cargill (US) and ADM (US), are highly focusing on innovations to provide better products to their customers.

This report includes a study of the development strategies of the leading companies. The scope of this report consists of a detailed study of meat substitute manufacturers, such as Cargill, (US), Archer Daniels Midland Company (US), DuPont (US), Ingredion (US), Axiom Foods (US), MGP Ingredient (US), A&B Ingredients (US), and Puris (US).

Highlights of the Food Emulsifiers Market

Any major development that can change the business landscape as well as market forecasts

Clean-label ingredients in food products are slowly gaining global importance amongst consumers. Ingredient labeling has become mandatory in developed economies due to rising consumer awareness. This has brought about a change in the use of ingredients for production by the manufacturers. The demand for natural ingredients is increasing, owing to which, manufacturers are launching various products having natural ingredients that can provide an advantage to drive the consumption of emulsifiers. In 2020, a number of major food manufacturers such as General Mills (US), Hershey’s (US), Kellogg’s (US), and Nestle (Switzerland) aimed at eliminating artificial additives from a majority of their food products sold in the US; this initiative took a hit, in terms of the effectiveness of these additives.

Addition/Refinement in segmentation – Increase in the depth or width of segmentation

Emulsifier Type Segmentation Refinement: In the previous edition of the report, the food emulsifier market, on the basis of type, was segmented into lecithin, mono- & di-glycerides and their derivatives, sorbitan esters, stearoyllactylates, polyglycerol esters, others.

(i) Addition of subsegment for Lecithin: Two new subsegments of lecithin have been added for a better understanding of the market.

Food emulsifiers market, by type,

Lecithin:

• Oiled

• De-Oiled

Additionally, the market numbers for applications are given at the country level, in terms of value

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Coverage of new market players, brand mapping, and micro-quadrants for key players and startups

Company Profiles: Company profiles give a glimpse of the key players in the market, with respect to business overview, financials, product offerings, and recent developments. In the new edition of the report, Tate & Lyle (Ireland)has been profiled, as it has emerged as a key player in recent years due to various strategic investments, agreements, and product launches performed in the food emulsifiers market. These strategic developments have challenged the status quo of industry leaders,and it was prudent to analyze the changing business landscape.Extensive brand mapping with respect to the properties of the food emulsifiers has been carried out in this new version of the report, in the “by brand” chapter. Competitive leadership mapping (Micro-quadrants) of key players (Tier 1 and 2) and start-ups are also added as new segments.

Updated financial information/ product portfolio of players

Newer and improved representation of financial information: The new edition of the report provides updated financial information in the context of food emulsifiers market till 2019/2020 for each listed company in a graphical representation in a single diagram (instead of multiple tables). This would easily help to analyze the present status of the profiled companies, in terms of their financial strength, product portfolio strength, key revenue generating region/country, business segment focus in terms of the highest revenue generating segment, and investment on research and development activities.

Plant-based Protein Market – Insights on Strategies of Key Players

The report “Plant-based Protein Market by Type (Isolates, Concentrates, Protein Flour), Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Protein Bars, Processed Meat, Poultry & Seafood, Bakery Product), Source, and Region – Global Forecast to 2025″, is estimated at USD 18.5 billion in 2019 and is projected to grow at a CAGR of 14.0% from 2019 to 2025, to reach USD 40.6 billion by 2025. Public awareness regarding the increase in obesity levels due to unhealthy food consumption that includes packaged food, fast food, carbonated beverages, cold drinks, and excess consumption of animal meat has led to the demand for plant-based protein products such as protein beverages, protein bars, meat alternatives, and dairy alternatives, thereby driving plant-based food & beverage manufacturers to develop plant protein-based products.

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The pea segment is projected to be the fastest-growing in the plant-based protein market during the forecast period.

Pea protein is gaining popularity among plant-based protein manufacturers at a global level owing to its high protein content, and health benefits offered such as reduced cholesterol and lower blood pressure. Pea, as a source for plant-based protein products, is used in a wide range of food applications that include meat alternatives, beverages, snacks, bakery products, meat applications, and nutritional supplements. Pea offers characteristic advantages of emulsion, process & extrusion stability. It adds texture, taste, and mouthfeel to a variety of food applications, hence experiencing huge demand. Also, the market is driven by the rising demand for plant-based meat and healthy food products. A significant increase in the usage of pea as a key ingredient is being noticed in the plant-based meat industry.

Drivers

• Rise in Trend of Health and Sustainability

• Innovations in Terms of Integrating Plant-Based Proteins With Meat and Poultry Products

• Increase in Cases of Lactose Intolerance and Milk Allergies

• Growth in Investments in Plant-Based Food Businesses

• Social Media Trends to Sway More Consumers Toward Plant-Based Proteins

Restraints

• Allergies Associated With Plant-Based Protein Sources Such as Soy and Wheat

Opportunities

• Constant Rise in Demand for Food With Organic Ingredients

• Immense Opportunity in the Need for Alternative Solutions to Meet the Increasing Meat Demand

Challenges

• Increase in Production of and Adulteration With Genetically Modified (GM) Soybean

• Unpleasant Flavor of Soy Products

The nutrition supplements segment is projected to record the fastest growth during the forecast period.

Plant-based proteins are beneficial for weight loss, in addition to providing the building blocks for healthy muscles and tissues. The application of plant-based proteins as nutritional supplements is attributed to their high amino acid profile. Plant-based proteins tend to be lower in calories and fat than animal proteins but higher in fiber and essential nutrients. For instance, pea protein is allergen-free, provides iron, helps in muscle recovery, and helps to regulate blood sugar and insulin effect to prevent body fat storage potentially. Thus, pea protein is emerging as a key ingredient in manufacturing nutritional supplements and is growing at the highest CAGR.

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The North American region is projected to account for the largest market share during the forecast period.

The North American market for plant-based proteins is the largest due to the increasing awareness for healthy food ingredients and the trend of weight management among consumers. Plant-based proteins are highly versatile and can be used in applications such as meat analogs and meat extenders. According to research conducted by key players in the market and government surveys, it has been recorded that consumers are demanding meat alternatives to reduce their meat consumption. This trend is expected to drive industry growth in the near future.

This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the plant-based protein market. It includes the profiles of leading companies such as ADM (US), DuPont Danisco (US), Ingredion Inc. (US), Burcon NutraScience Corp. (Canada), Axiom Foods (US), and The Scoular Company (US).