GlobalCanola Protein Market was valued at US$ XX Mn in 2019 and is expected togrow US$ XX Mn by 2027, at a CAGR of 4.5% during the forecast period.
Global Canola Protein Market
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Proteins are the main parts of the muscles and are recognizedas an essential nutrient for the human body. The Food and AgricultureOrganization (FAO) and global food security have estimated that the requiredprotein quantity and suitable protein quality are the necessary rights ofeveryone. As the population is growing across the globe, the demand for animalprotein has augmented in the last few years. The effect of the consumption ofthe animal protein on the environment has led to an increase in the requirementfor plant-based proteins worldwide. Canola protein, a source of plant protein,has useful properties like emulsification, gelling, thickening, water-binding,and ingredient-binding.
For the global food & beverage industry, the rise inmore health-conscious consumers signifies both an enormous opportunity and achallenge. Consumers need alternate protein products that take the intakeexperience to the next level in terms of texture, taste, and mouthfeel as wellas contain good nutritional content, with the least environmental footprint.For example, CanolaPRO, plant-based protein source from the canola plant thatadvances vegetarian products. It gives a good texture, smooth mouthfeel, andgiving the satisfaction of good taste as well. As per the Canadian Agri-FoodTrade Alliance, Canadian farmers harvested 23 million acres of the oilseed in2018. The industry supports almost a quarter of a million people in the countryand accounts for $12.5 billion in wages and leading as the topmost producers ofcanola.
On the other hand, the high inclination to animal-basedprotein and changing raw material prices hinders the growth of the canolaprotein market in the future.
By the application, the animal feed industry expected tohold the largest market share followed by food & beverage industries.Canola meal is usually used as protein sources in animal feed for livestock,poultry, and fish. It has a good amount of amino acid with high levels ofmethionine, lysine, and arginine as well as rich in vitamins and crucialminerals. Because of low levels of glucosinolates, bitter-tasting compoundscharacteristic of rapeseed, canola meal is edible to animals. According to theanalyst, canola meal consumptions in dairy cow rations can increase milkproduction by one liter per cow per day.
Region-wise, North America expected to hold the largestmarket share of the canola protein market followed by the European region by2027. U.S. and Canada are primary producers of canola protein and its derivedproducts in North America and have a huge consumer base thanks to the people favoringthe consumption of vegan and vegetarian lifestyles. U.K, France, Germany,Russia, Italy, and Spain are the foremost markets of canola protein in Europe.
The Asia-Pacific market held the highest CAGR of the globalmarket in 2018. China, Australia, and Japan are key markets in the APAC region.Rising worry about the health-related problems and consciousness about theadvantages of protein for weight management are some of the main drivers forthe speedily growing demand in Asian countries. A huge opportunity for thecanola protein producers to expand their market reach in the Asia-Pacific isdue to a large consumer base and trend of consuming clean and sustainable foodsources.
The objective of the report is to present a comprehensiveanalysis of the Global Canola Protein Market including all the stakeholders ofthe industry. The past and current status of the industry with forecastedmarket size and trends are presented in the report with the analysis ofcomplicated data in simple language. The report covers all the aspects of theindustry with a dedicated study of key players that includes market leaders,followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potentialimpact of micro-economic factors of the market have been presented in thereport. External as well as internal factors that are supposed to affect thebusiness positively or negatively have been analyzed, which will give a clearfuturistic view of the industry to the decision-makers.
The report also helps in understanding Global Canola ProteinMarket dynamics, structure by analyzing the market segments and project theGlobal Canola Protein Market size. Clear representation of competitive analysisof key players by type, price, financial position, product portfolio, growth strategies,and regional presence in the Global Canola Protein Market make the reportinvestor’s guide.
Scope of the Global Canola Protein Market: Inquire beforebuying
GlobalCanola Protein Market, By Nature
• Organic
• Conventional
Global Canola Protein Market, By Form
• Canola Protein Isolates
• Canola Protein Concentrates
• Canola Protein Hydrolysates
Global Canola Protein Market, By Application
• Food & Beverage
o Bakery & Confectionery
o Snacks & Cereals
o Convenience Food
• Animal Feed
• Pharmaceuticals
• Nutraceuticals
o Dietary Supplements
o Protein Bars
Global Canola Protein Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Canola Protein Market
• DuPont de Nemours Inc.
• Archer Daniels Midland Company
• Cargill Inc.
• Bunge Ltd.
• Mead Johnson
• Roquette Freres
• Burcon NutraScience
• MGP Ingredients
• Axiom Foods
• Tate & Lyle Plc.
• Kerry Group
• Omega Protein Corporation
• Glanbia Plc.
• Teutexx Proteins
• DSM N.V.
• Other
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