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North America Fats and Oils Market – Growth, Trends, and Forecast (2019 – 2024)

Food & Beverage Published by: Mordor Intelligence Market: North America
78 pages Published: 23-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • North America
  • 78 pages
  • Published: 23-07-2019

Market Overview

 

The North American fats and oils market was valued at USD 48.5 billion in 2018, and it is expected to register a CAGR of 3.3%, during the forecast period (2019-2024).

 

– Food and drinks contain carbohydrates, proteins, fats, vitamins, minerals, and other essential nutrients. With the ever-growing food products industry, the demand for edible fats and oils has also increased. Fats and oils are valuable ingredients in the food processing industry and provide several essential nutrients to one’s body, including omega-3 and omega-6 fatty acids.

– Additionally, fats and oil are essential for vitamin absorption, including vitamins, such as vitamin A, vitamin D, vitamin K, and vitamin E. Fats and oils also help in maintaining the body cholesterol and provide energy required by the body. As per the World Health Organization (WHO), maximum 30% of energy should come from oils and fats.

 

Scope of the Report

 

Fats and oils are widely accepted in food applications, due to their functional properties. They play an important role in determining the desired physiochemical and sensory attributes, such as smooth, creamy, and rich texture, milky and creamy appearance, and desirable flavors. 

 

Key Market Trends

 

Rise in the Consumption of Olive Oil

 

Consumption of olive oil is continuously rising in the region, as it is considered to be healthy dietary fat. Olive oil constitutes a considerable amount of monounsaturated fatty acids. As per the Food and Drug Administration (FDA), eating two tablespoons of olive oil a day may reduce the risk of heart diseases. Consumption of olive oil has several other benefits, such as lowering the risk of osteoporosis, blood pressure, diabetes, and cholesterol. Furthermore, fatty acids (such as omega-3 and omega-6) essential for brain health are also present in extra-virgin olive oil. Due to the tremendous benefits offered by the consumption of olive oil, the demand for oil has increased to a greater extent across the United States and other North American markets.

 

The United States Dominates the Regional Market

 

The United States is a major potential market in the world, owing to its high consumption and exports of oils. The country is the world’s largest producer of soybean and almost half of the total crops is processed domestically into soybean meal and oil. The country is also the largest exporter of soybean oil, followed by rapeseed oil. With the rising healthcare expenditure, increasing cognizance about various cardiovascular diseases, and rise in obesity rates, the consumers are switching to healthier vegetable oil options, such as olive oil and canola oil, as these oils are free from trans-fat. In addition, they have low saturated fat and have high omega-3 fatty acids. Moreover, vegetable oil is considered to be a healthier alternative to animal fats, as they contain more unsaturated fatty acids. The market in the United States is changing and moving away from refined 18:12 oils toward concentrates and others. Heart health, inflammation control, mental acuity, and joint health tend to be the priority associations connected with omega-3 fish oil in the market in the United States.

 

Competitive Landscape

 

The North American fats and oils market is a fragmented market and comprises of regional and international competitors. The market is dominated by players, such as ADM, Bunge Limited, DowDuPont, and Cargil Inc. These players have a wide geographical reach. Moreover, brand awareness gives them an upper hand, as compared to regional players. The key players are also known to adopt effective production standards with higher operational capabilities, particularly with the production of specialized grades of oils and fats that are used across various industries. Furthermore, the expansion of product portfolio within all categories is expected to enhance the companies’ position in the market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter’s Five Forces Analysis

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Buyers

4.3.3 Threat of New Entrants

4.3.4 Threat of Substitute Products and Services

4.3.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Product

5.1.1 Oils

5.1.1.1 Soybean Oil

5.1.1.2 Canola Oil

5.1.1.3 Palm Oil

5.1.1.4 Coconut Oil

5.1.1.5 Olive Oil

5.1.1.6 Cotton Seed Oil

5.1.1.7 Sunflower Seed Oil

5.1.1.8 Other Oils

5.1.2 Fats

5.1.2.1 Butter

5.1.2.2 Lard

5.1.2.3 Other Fats

5.2 Application

5.2.1 Foods

5.2.2 Feed

5.2.3 Industrial

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

6 Competitive Landscape

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Ag Processing Inc.

6.3.2 Wilmar International Ltd

6.3.3 AAK AB

6.3.4 DowDuPont

6.3.5 Ingredion Incorporated

6.3.6 Archer Daniels Midland Company

6.3.7 Cargill Incorporated

6.3.8 Bunge Limited

6.3.9 Fuji Oil Holdings Inc.

6.3.10 Richardson International Limited

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Product

Oils

Soybean Oil

Canola Oil

Palm Oil

Coconut Oil

Olive Oil

Cotton Seed Oil

Sunflower Seed Oil

Other Oils

Fats

Butter

Lard

Other Fats

 

Application

Foods

Feed

Industrial

 

Geography

North America

United States

Canada

Mexico

Rest of North America

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Global Tahini Market – Growth, Trends, and Forecast (2019 – 2024)

Food & Beverage Published by: Mordor Intelligence Market: Global
128 pages Published: 19-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • Global
  • 128 pages
  • Published: 19-07-2019

Market Overview

 

The Tahini Market was valued at USD 1.11 billion in 2018 and is expected to witness a CAGR of 4.82%, during the forecast period(2019-2024). In 2018, the Middle East is the largest geographic segment of the market studied and accounted for a share of around 88.3% of the overall market.

 

Higher demand for nut butter and spreads has induced potential demand for tahini in the world. This, coupled with a significant increase in consumer preferences of tahini, as an ingredient for salads, breakfast foods, and specifically sports drinks, like protein shakes, is driving the global tahini demand.

 

Scope of the Report

 

Tahini is one of the popular dishes among the Mediterranean cuisine. The products considered in the report include the commercially available forms of tahini, worldwide. The most popular form is tahini-based sauces, which are generally used as a garnish in salads and topping for meat and vegetables in the Middle Eastern cuisine.

 

Key Market Trends

 

Diverse Functionality of Tahini Drives the Global Demand

 

Tahini, which is known for the properties of good health, contains an abundant amount of nutrients, such as proteins, carbohydrates, antioxidants, lignans, tocopherols, and other micronutrients. Benefits of this include the properties of anti-cancer, anti-oxidative, and anti-hypersensitivity. This staple food item is the most dominant ingredient in hummus and Baba Ghanoush. In Lebanon, Jordan, Syria, and Palestine, it is usually consumed as a dip or used as a garnish on falafel, shawarma, as well as other traditional dishes. Thus, consumer adoption to diverse forms of the tahini, coupled with the optimum nutritional benefits of the ingredient, is expected to boost the demand for tahini, all over the world.

 

Middle East Dominates the Global Market

 

Turkey cornered the larger share, with 31.9%, followed by Israel, Iran, Jordan, Saudi, and Lebanon. This clearly implies that around 90% of the global demand was recorded from Middle Eastern countries, in 2018. On considering the raw material supply for the market studied, in 2018, Tanzania was the largest producer of sesame seeds with a production of 1.26 million metric ton. China was the largest importer, while Ethiopia was the largest exporter of sesame seeds. African countries, especially Egypt, is expected to dominate the market studied, both in terms of supply and demand, by the end of the forecast period, while Asian imports are expected to increase during the forecast period. Tahini products face intense competition, especially from the foreign markets, as it is a symbol of culinary culture. The health benefits associated with tahini, coupled with healthy food trend among consumers, has boosted the popularity of tahini in the global market.

 

Competitive Landscape

 

The tahini market is a niche market, with various small and medium-sized companies coining a very minimal share in the world. This has resulted in very stiff competition. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the studied market. The Middle East and Africa are the two regions showing maximum competitor activities.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter’s Five Force Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products

4.4.5 Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Geography

5.1.1 North America

5.1.1.1 United States

5.1.1.2 Canada

5.1.1.3 Mexico

5.1.1.4 Rest of North America

5.1.2 South America

5.1.2.1 Brazil

5.1.2.2 Argentina

5.1.2.3 Rest of South America

5.1.3 Asia – Pacific

5.1.3.1 China

5.1.3.2 India

5.1.3.3 Singapore

5.1.3.4 Rest of Asia – Pacific

5.1.4 Europe

5.1.4.1 Germany

5.1.4.2 United Kingdom

5.1.4.3 France

5.1.4.4 Greece

5.1.4.5 Russia

5.1.4.6 Rest of Europe

5.1.5 Africa

5.1.5.1 Ethipoia

5.1.5.2 Egypt

5.1.5.3 Nigeria

5.1.5.4 Rest of Africa

5.1.6 Middle East

5.1.6.1 Turkey

5.1.6.2 Israel

5.1.6.3 Iran

5.1.6.4 Saudi Arabia

5.1.6.5 Jordan

5.1.6.6 Lebanon

5.1.6.7 United Arab Emirates

5.1.6.8 Rest of Middle East

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Mergers and Acquisitions

6.3 Company Profiles

6.3.1 Sunshine International Foods, Inc.

6.3.2 Kevala International LLC

6.3.3 Prince Tahina Manufacture Ltd

6.3.4 R.J.M. Food Industries Ltd

6.3.5 Al Wadi Al Akhdar Sal

6.3.6 Al Yaman Factories

6.3.7 Al Kanater

6.3.8 El Rashidi El Mizan

6.3.9 Halwani

6.3.10 Haitoglou Bros SA

6.3.11 MounirBissat

6.3.12 Narin BYS Holding

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Geography

North America

United States

Canada

Mexico

Rest of North America

South America

Brazil

Argentina

Rest of South America

Asia – Pacific

China

India

Singapore

Rest of Asia – Pacific

Europe

Germany

United Kingdom

France

Greece

Russia

Rest of Europe

Africa 

Ethiopia

Egypt

Nigeria

Rest of Africa

Middle East

Turkey

Israel

Iran

Saudi Arabia

Jordan

Lebanon

United Arab Emirates

Rest of Middle East

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Global Soy Protein Ingredients Market – Growth, Trends, and Forecast (2019 – 2024)

Food & Beverage Published by: Mordor Intelligence Market: Global
154 pages Published: 19-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • Global
  • 154 pages
  • Published: 19-07-2019

Market Overview

 

The global Soy Protein Ingredients market was valued at USD 4,881.6 million in 2018, and it is expected to reach USD 7,275.4 million by 2024, at an estimated CAGR of 6.88%, during the forecast period, 2019-2024. The global soy protein ingredients market is driven by a growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in a wide variety of processed foods, especially in the ready-to-eat product category. Soy protein isolates and concentrates are the most eminent forms of soy protein and contain 90% and 70% protein content, respectively. The high functional property of soy protein and its natural health benefit are boosting its market growth. There is an increase in the adoption of soy protein across several end-user industries, owing to its high sustainability

 

Scope of the Report

 

Soy Protein Ingredients refer to as protein ingredients derived from soybean as a source. The products considered are manufactured by companies that have their procurement system and farms as a part of their agribusiness unit.

 

Key Market Trends

 

Increasing Awareness about Soy Protein Benefits

 

Health management has become a trend, and consumers are looking for food and beverage products that would help them treat or prevent specific conditions. The culinary habits of a majority of the population are changing, due to focus on weight management. Gen Z already makes up 23% of the US population and is a proactive participant in health and wellness. Soy protein isolates are 90% concentrated vegetable protein. These proteins are good for athletes and bodybuilders as well. These health benefits are also driving the market demand.

 

North America leading the Soy protein Ingredients Market

 

Presently, North America dominates the Soy Protein Ingredients Market. The soy protein ingredient market in the region is growing at a fast rate, owing to factors, such as changes in lifestyle, lack of balanced dietary intake, and increasing focus of global manufacturers on R&D to develop new kinds of soy-protein-enriched products. The United States continues to capture the largest market share for soy protein ingredients, followed by Canada, and Mexico. Nowadays, consumers in the region are switching to other alternative products, such as green label food products, due to increasing awareness for healthy and plant-based products as there is an increasing number of counterfeit products in the market. The key players in the region include Cargill Inc., DuPont Nutrition, Wilmar International Limited, and Ruchi Soya Industries.

 

Competitive Landscape

 

The global soy protein ingredients market is consolidated and comprises of regional and international competitors. The most active companies in this market are Archer Daniels Midland, DuPont, The Scoular Company, Fuji Oil Asia Pte, Cargill, and DowDupont. The common strategies adopted by the companies are new product developments and merger and acquisition of small players, to get a foothold in the market. The soy protein ingredients market offers wide scope to the existing companies. There are government regulations for GMO soy, which influences the entry of players into the market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter’s Fiver Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitutes

4.4.5 Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Soy Isolates

5.1.2 Soy Concentrate

5.1.3 Textured Soy Protein

5.2 Distribution Channel

5.2.1 Bakery and Confectionery

5.2.2 Meat Extenders and Substitutes

5.2.3 Nutritional Supplements

5.2.4 Beverages

5.2.5 Other Applications

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 UK

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Italy

5.3.2.6 Spain

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 Australia

5.3.3.5 Rest of Asia-Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East and Africa

5.3.5.1 South Africa

5.3.5.2 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Strategies

6.2 Most Active Companies

6.3 Market Share Analysis

6.4 Company Profiles

6.4.1 Archer Daniels Midland Company

6.4.2 Cargill Inc.

6.4.3 DowDuPont Inc.

6.4.4 Kerry Group

6.4.5 Scoular Company

6.4.6 Wilmar International Ltd

6.4.7 Fuji Oil Asia Pte. Ltd

6.4.8 Food Chem International

6.4.9 Euroduna

6.4.10 Farbest Brands

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 APPENDIX

MARKET SEGMENTATION

 

Type

Soy Isolates

Soy Concentrate

Textured Soy Protein

 

Distribution Channel

Bakery and Confectionery

Meat Extenders and Substitutes

Nutritional Supplements

Beverages

Other Applications

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Italy

Spain

Rest of Europe

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

South America

Brazil

Argentina

Rest of South America

Middle East and Africa

South Africa

Rest of Middle East and Africa

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Global Prebiotic Ingredient Market Size – Growth, Trends, and Forecast (2019-2024).

Food & Beverage Published by: Mordor Intelligence Market: Global
165 pages Published: 19-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • Global
  • 165 pages
  • Published: 19-07-2019

Market Overview

 

The prebiotic ingredients market was valued at USD 3.85 billion in 2018 and is expected to register a CAGR of 12.2%, during the forecast period (2019-2024). In 2017, Europe was the largest geographical segment of the market studied and accounted for a share of around 43.3% of the market.

 

The increasing importance of nutraceuticals, on account of the rising health awareness, consumer shift toward natural ingredients, and regulatory support intended to promote the inclusion of functional ingredients are expected to fuel up the demand for inulin and FOS, as functional ingredients. Since there is a general increase in health consciousness across the world, and as probiotics and prebiotics are the recent synonyms for improved gut health, the market for prebiotic ingredients, such as inulin, is experiencing a visible growth.

 

Scope of the Report

 

Prebiotic ingredients are the non-digestible food ingredients used in the gut to increase populations of healthy bacteria, aid digestion, and enhance the production of valuable vitamins.

 

Key Market Trends

 

Increasing Demand for Nutraceuticals

 

Globally, nutraceutical products are gaining importance and are becoming a part of consumers’ daily dietary practice. The main reason for this growing popularity is the change in consumer lifestyle and increase in awareness. Increasing intake of high-fiber functional food and prebiotics by the food and beverage industry is linked to benefits, such as improved digestion, lower stress response, better hormonal balance, and a decrease in cardiovascular diseases. These benefits raise awareness among the consumers, which drives market growth. The increasing importance of nutraceuticals, on account of the rising health awareness, consumer shift toward natural ingredients, and regulatory support intended to promote the inclusion of functional ingredients are expected to fuel up the demand for inulin and FOS, as functional ingredients.

 

Europe to Dominate the Market

 

Increasing demand for fortifying food with prebiotic ingredients is expected to increase the market expansion of prebiotic ingredients in Europe. Inulin is widely utilized in the food processing sector, as it is a good and healthy substitute for fat and sugar. A rise in concerns about diabetes and obesity across the region will further encourage demand for prebiotic-based fortified food and beverages. 

 

Germany holds the top position in the foodservice sector in Europe, accounting for one of the major consumers for the additive and ingredient market, including emulsifiers in the region. Bakery and confectionery sector of the country consumes the largest part of the emulsifiers, while the meat industry emerges as a growing sector for the market, promising to drive the market studied in the coming years.

 

Competitive Landscape

 

BENEO GmbH and TEREOS SA are the most active companies with numerous brands offering a broad range of prebiotic ingredients across the world. Prebiotic ingredients manufacturers are focusing on upgrading the products they offer and introducing naïve formulations, including organic inulin. The leading players in the prebiotic ingredients market enjoy a dominant presence worldwide. These players focus on leveraging the opportunities posed by emerging markets to expand their product portfolio, so that they can cater to the requirements for various product segments, especially in prebiotic ingredients. These players are focusing on rapid market expansion and new product launches, to gain a better market share, efficient results, and competitive edge over other competitors in the market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness – Porter’s Five Force Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 Geography

5.1.1 North America

5.1.1.1 United States

5.1.1.2 Canada

5.1.1.3 Mexico

5.1.1.4 Rest of North America

5.1.2 Europe

5.1.2.1 Germany

5.1.2.2 United Kingdom

5.1.2.3 France

5.1.2.4 Russia

5.1.2.5 Spain

5.1.2.6 Rest of Europe

5.1.3 Asia – Pacific

5.1.3.1 China

5.1.3.2 Japan

5.1.3.3 India

5.1.3.4 South Korea

5.1.3.5 Rest of Asia – Pacific

5.1.4 South America

5.1.4.1 Brazil

5.1.4.2 Argentina

5.1.4.3 Rest of South America

5.1.5 Middle East & Africa

5.1.5.1 United Arab Emirates

5.1.5.2 Saudi  Arabia

5.1.5.3 South Africa

5.1.5.4 Egypt

5.1.5.5 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Beneo-Orafti SA

6.3.2 Tereos Group

6.3.3 Ingredion Inc.

6.3.4 Cargill Inc.

6.3.5 DowDuPont Inc.

6.3.6 Royal Freisland Campina NV

6.3.7 Kerry Group

6.3.8 Cosucra-groupe Warcoing SA

6.3.9 Sensus BV

6.3.10 Nexira SAS

6.3.11 Nutriagaves De Mexico SA De CV

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

United Kingdom

France

Russia

Spain

Rest of Europe

Asia – Pacific

China

Japan

India

South Korea

Rest of Asia – Pacific

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

United Arab Emirates

Saudi Arabia

South Africa

Egypt

Rest of Middle East & Africa

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Global Plant Protein Market- Growth, Trends, and Forecast (2019 – 2024)

Food & Beverage Published by: Mordor Intelligence Market: Global
156 pages Published: 19-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • Global
  • 156 pages
  • Published: 19-07-2019

Market Overview

 

The plant protein market was valued at USD 6.37 billion in 2018 and is expected to register a CAGR of 7.0%, during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 38.6% of the market.

 

The new compositional research and modified high-moisture extrusion process are helping the growth of the plant protein market. For instance, plant protein-based chocolates that are free from animal protein make up for a good demand in the market, for consumers who do not consume dairy. Plant-based milk has observed significant growth in recent years, with an increasing number of people turning to dairy-free options. This innovative product line of ready-to-eat product with no compromise in taste and texture has, in turn, boosted the overall plant protein market.

 

Scope of the Report

 

The plant protein market involves protein ingredients derived from plants as a source. The products considered are manufactured by companies that have their procurement system and farms, as a part of the agribusiness unit.

 

Key Market Trends

 

Increasing Incidences of Intolerance for Animal Protein

 

The National Institute of Allergy and Infectious Diseases reveal that 90% of food allergy is caused by eggs, milk, fish, red meat, soy, and nuts. Due to animal protein allergies, most of the meat consumers are inclined toward meat substitutes made of vegan protein, which ultimately drives the plant protein market. According to the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Pea protein, earlier recognized as a complete protein with the essential amino acid profile, contains egg like the potential that can be incorporated into several egg-based products, like pasta, vermicelli, cakes, and cookies. According to the United States Center for Disease Control and Prevention, 12.2 million people are suffering from food allergy, of which two-thirds is associated with egg allergy.  

 

North America Holds a Lion’s Share in the Market

 

According to Mordor Intelligence analysis, the share of North American plant protein market was 38.6% in 2018. The demand for plant proteins is growing at a fast rate, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of plant-protein enriched products. The United States continues to capture the largest market share for plant protein, followed by Canada and Mexico. The demand for processed and low cholesterol foods has paved the way for the plant-based protein market, in the region. Nowadays, consumers are switching to other alternative products, such as green label food products, coupled with raising awareness of healthy and plant-based products, due to an increase in the availability of counterfeit products in the market.

 

Competitive Landscape

 

Cargill, ADM, Kerry Group, DuPont Danisco, and Glanbia, dominate the market with major strategies namely, acquisitions, expansions, and new product launches. In order to increase their market share, companies are focusing on new innovative products, by targeting the new source of plant proteins, such as hemp and chia. A large number of players drive the plant protein market. Currently, there are numerous active players in this industry, such as Cargill, DuPont, ADM, and Kerry. The leading companies focus on the expansion of their plant protein business, in the local and international markets.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness – Porter’s Five Force Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 Product

5.1.1 Wheat Protein

5.1.2 Soy Protein

5.1.3 Pea Protein

5.1.4 Other Products

5.2 Form

5.2.1 Protein Isolates

5.2.2 Protein Concentrates

5.2.3 Textured Proteins

5.3 Application

5.3.1 Bakery

5.3.2 Meat Extenders and Substitutes

5.3.3 Nutritional Supplements

5.3.4 Beverages

5.3.5 Snacks

5.3.6 Other Applications

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Mexico

5.4.1.4 Rest of North America

5.4.2 Europe

5.4.2.1 Germany

5.4.2.2 United Kingdom

5.4.2.3 France

5.4.2.4 Spain

5.4.2.5 Russia

5.4.2.6 Italy

5.4.2.7 Rest of Europe

5.4.3 Asia – Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 India

5.4.3.4 Australia

5.4.3.5 Rest of Asia – Pacific

5.4.4 South America

5.4.4.1 Brazil

5.4.4.2 Argentina

5.4.4.3 Rest of South America

5.4.5 Africa

5.4.5.1 South Africa

5.4.5.2 Rest of Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Archer Daniels Midland

6.3.2 Cargill Inc.

6.3.3 DuPont Danisco

6.3.4 Kerry Group

6.3.5 Scoular Company

6.3.6 Omega Protein Corporation

6.3.7 Roquette Foods

6.3.8 Glanbia PLC

6.3.9 Amway Corporation

6.3.10 Avebe

6.3.11 Growing Naturals LLC

6.3.12 Puris Foods

6.3.13 Manitoba Harvest Hemp Foods

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Product

Wheat Protein

Soy Protein

Pea Protein

Other Products

 

Form

Protein Isolates

Protein Concentrates

Textured Proteins

 

Application

Bakery

Meat Extenders and Substitutes

Nutritional Supplements

Beverages

Snacks

Other Applications

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

United Kingdom

France

Spain

Russia

Italy

Rest of Europe

Asia – Pacific

China

Japan

India

Australia

Rest of Asia – Pacific

South America

Brazil

Argentina

Rest of South America

Africa

South Africa

Rest of Africa

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Global Meat Substitutes Market – Growth, Trends, and Forecast (2019-2024)

Food & Beverage Published by: Mordor Intelligence Market: Global
154 pages Published: 19-07-2019
  • Food & Beverage
  • Mordor Intelligence
  • Global
  • 154 pages
  • Published: 19-07-2019

Market Overview

 

The meat substitutes market (henceforth, referred to as the market studied) recorded a revenue of USD 4,223.45 million in 2018 and is expected to reach USD 6,590.38 million by 2024, registering a CAGR of 7.9%, during the forecast period (2019-2024). Rising consumer awareness on negative health effects, associated with the consumption of meat, is leading to a shift toward a vegan diet. This is most likely to contribute to the evolution of meat substitutes, globally. Additionally, the benefits of cholesterol-free protein, with meat-like texture, are one of those key factors promoting the growth of meat substitute products. High processing cost involved in the production of meat substitutes, as compared to natural meat, has led to a high price of meat substitute products, like Tofu, Tempeh, and other protein alternatives, and this is expected to hinder the market growth, especially in countries, like India, Brazil, Mexico, etc. For meat substitutes, like Tempeh, Tofu, and Seitan, which originated from Asian countries, like Indonesia, China, and Japan, respectively, the market recorded a high penetration rate in the Asia-Pacific region. The market is highly dominated by soy-based meat substitutes, followed by wheat-based.

 

Scope of the Report

 

The meat substitutes market consists of a wide variety of products, prepared from ingredients derived from plant-based and other organic sources.

 

Key Market Trends

 

Growing Preference for Plant-based Proteins

 

The market for meat-based proteins recorded high demand, globally, in the past decade, with most of the population in Europe and North America highly dependent on the meat products for necessary, daily protein intake. Though meat proteins provide the required content of amino acid for the body, they are highly associated with cholesterol content, which proved to be a leading cause for serious health issues. This became the primary reason for an increase in the demand for plant-based protein food, especially in developed countries, like the United States, Germany, France, and the United Kingdom. With modified technologies, the companies are targeting consumers, by coming up with innovative products with similar properties as real meat. These meat substitutes are made with a combination of soy, wheat, and pea protein to attain the desired structure. With the adoption of western cuisine, the countries in Asia are also shifting toward meat substitutes, which is expected to drive the market. Australia and China are the two major countries that are rapidly shifting toward plant-based proteins.

 

Europe Dominates the Global Market

 

The market across the United Kingdom is one of the frontrunners in scaling the demand for meat substitutes, where consumer ate approximately 4.4. billion meat-free dinners in 2018, according to statistics shared by supermarket sales. Apart from meat-free products, consumers were also inclined toward purchasing free-from products, such as gluten-free. Some of the key factors facilitating the demand for meat substitutes include health consciousness, ethics related to safeguarding the environment, and surging cost of meat, motivating consumers to seek alternative sources. The shift toward consumption of meat alternatives is largely driven by the growing millennial, where the demographics at most, consider in understanding the food source, animal welfare issues, and impact on the environment while making decisions related to purchasing.

 

Competitive Landscape

 

Meat substitutes market is highly fragmented, due to the presence of numerous small players. Key players, like Kellogg’s, Conagra Brands Inc., and The Campbell Soup Company, entered the market, by acquiring small meat substitute companies. In 2017, Campbell Soup Company acquired the Pacific Foods of Oregon LLC for USD 700 million. This acquisition is expected to help in strengthening Campbell’s health and well-being portfolio in the growing natural and organic category. In the North American region, other small players, like Amy’s Kitchen Inc., Beyond Meat Inc., and Impossible Foods Inc., are focusing on gaining significant market shares in the meat substitutes market. In Europe, sales volume of companies, such as Quorn, Vivera, Beyond Meat, and Schouten have been increasing, since the past few years, owing to the high demand for meat substitute products.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter Five Forces Framework

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Tofu

5.1.2 Tempeh

5.1.3 TVP ( Textured Vegetable Protein)

5.1.4 Seitan

5.1.5 Other Product Types

5.2 Geography

5.2.1 North America

5.2.1.1 United States

5.2.1.2 Canada

5.2.1.3 Mexico

5.2.1.4 Rest of North America

5.2.2 Europe

5.2.2.1 Germany

5.2.2.2 United Kingdom

5.2.2.3 France

5.2.2.4 Russia

5.2.2.5 Italy

5.2.2.6 Spain

5.2.2.7 Rest of Europe

5.2.3 Asia – Pacific

5.2.3.1 China

5.2.3.2 Japan

5.2.3.3 India

5.2.3.4 Australia

5.2.3.5 Rest of Asia – Pacific

5.2.4 South America

5.2.4.1 Brazil

5.2.4.2 Argentina

5.2.4.3 Rest of South America

5.2.5 Middle East & Africa

5.2.5.1 South Africa

5.2.5.2 United Arab Emirates

5.2.5.3 Rest of Middle East & Africa

6 Competitive Landscape

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Conagra Brands Inc.

6.3.2 Amy’s Kitchen Inc.

6.3.3 Blue Chip Group

6.3.4 Kelloggs Co.

6.3.5 The Campbell Soup Company

6.3.6 Beyond Meat Inc.

6.3.7 Vegabom Healthy Option

6.3.8 The Superbom

6.3.9 Impossible Foods Inc.

6.3.10 The Tofurky Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Type

Tofu

Tempeh

TVP ( Textured Vegetable Protein)

Seitan

Other Product Types

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

United Kingdom

France

Russia

Italy

Spain

Rest of Europe

Asia – Pacific

China

Japan

India

Australia

Rest of Asia – Pacific

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

South Africa

United Arab Emirates

Rest of Middle East & Africa

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