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Vegetable Seed Protein Market

Vegetable Seed Protein Market

Vegetable Seed Protein Market Analysis By Product Type (Soy Protein, Wheat Protein, Pea Protein & Rice Protein) By Nature (Organic Vegetable Seed Protein & Conventional Vegetable Seed Protein) By End-User & Region – Global Market Insights 2022-2032

Vegetable Seed Protein Market
FACT5013MR

Global Vegetable Seed Protein Market Snapshot

The global vegetable seed protein market is estimated at USD 1,033.8 Million in 2022 and is forecast to surpass USD 1,808.1 Million by 2032, growing at a CAGR of 5.7% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 982.7 Million

Estimated Year Value (2022E)

USD 1,033.8 Million

Projected Year Value (2032F)

USD 1,808.1 Million

Global Growth Rate (2022-2032)

 CAGR 5.7%

North America Market Share in 2021

~33%

North America Growth Rate (2022-2032)

CAGR ~5.9%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~47%

Top 5 Companies Market Share in 2021

~24%

Key Companies Profiled

  • Archer Daniels Midland Company
  • CHS Inc.
  • Roquette Freres
  • Beneo GmbH
  • Danisco A/S
  • Vestkron A/S
  • Cargill Inc.
  • Fuji Oil Co. Ltd.
  • Puris Proteins, LLC
  • Ingredion Inc.
  • Other Market Players

The global vegetable seed protein market is likely to create an absolute dollar opportunity of USD 774.3 Million by the end of 2032. The global vegetable seed protein market holds ~10% of the global plant based protein market.

2017-2021 Global Vegetable Seed Protein Market Outlook in Comparison to 2022-2032 Growth Forecast

Vegetable seed protein has been gaining popularity in the plant based proteins market, and is expected to show high growth during upcoming years. Vegetable seed proteins are still in the early stages of introduction in the market, and have augured well across the regions where they have been introduced.

Owing to their highly nutritional properties and applications, vegetable seed protein is expected to become stars for investments during mid-term forecast. With prospects of changing consumer preference patterns in food and beverages, demand for vegetable seed protein is expected to sky rocket.

Fact.MR projects the vegetable seed protein market is expected to witness exhibiting growth at 5.7% CAGR during 2022 and 2032 in comparison to a CAGR of 3.9% with which it grew from 2017 and 2021.

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Factors Propelling Vegetable Seed Protein Market Growth

Multiple micro level trends like increasing adoption of vegan and keto diets, experimental snacking of consumers and clean label & nutrition among others have been affecting the market. This has led to increase in demand for multiple plant based proteins.

Vegetable seed protein is one of the ingredient that has seen significant growth during the recent years. The presence of peptides and their usage as natural preservatives has garnered significant demand from the bakery and confectionary industry. On the backdrop of these factors, the market is expected to show significant growth during the forecast.

The current high usage of plant-based protein is expected to be supplemental to the growth of the vegetable seed protein. High trend and innovative sources that are still under purview are expected to be highly beneficial to the growth of the market. Chickpeas, Quinoa and chia seeds are some of the innovative sources being tested and used in the plant-based protein market.

Aversion of Animal Based Proteins

While animal based proteins have been in high demand during recent years, increase in demand for plant-based proteins are expected to take the cake. As whey proteins constitute the highest share in the market, increasing awareness of lactose intolerance has been detrimental to the whey-based usage.

These consumers are expected to move towards plant-based proteins and have shown high preference for alternative sources of proteins. This is expected to be highly beneficial to the innovative new vegetable seed protein market.

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Regional Overview in Vegetable Seed Protein Market

North America is a lucrative market for vegetable seeds protein, as it contributes to one-third of the total revenue share in the plant based proteins market. Moreover, plant based protein demand from Asia-Pacific region has shown substantial increase during the recent years. India and China are the largest contributors to the global vegetable seed protein market, with significant amount of dependence on agriculture. These regions can serve as a major raw material suppliers in the market.

While some discrepancies have dampened the demand during recent years, increasing acquisition of quality certification labels by manufacturers and raw material suppliers is expected to supplement the trade.

Key Players in Vegetable Seed Protein Market

The global vegetable seed protein market is in early stages of development with multiple domestic and small players in the market. Multiple international companies like The Procter & Gamble Company are poised to enter the market with multiple copyrights and patents in the field.

Multiple regional players entering the market is expected to occur in the vegetable seed protein market. Initially the market is expected to remain fragmented, but entrance of new international players is expected to consolidate the market position. Investments in getting organic label and certifications for vegetable seed protein is expected to present lucrative opportunities in the market.

Competitive Landscape: Top Companies in Vegetable Seed Protein Market

The global vegetable seed protein market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of vegetable seed protein market.

Fact.MR has provided detailed information about price points of key manufacturers in vegetable seed protein market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • CHS Inc. acquired West Central Distribution LLC, in 2019. This acquisition will lead to enhancement in product portfolio and will enhance the agronomy platform of the company
  • Cargill Inc. and Continental Grain Company announced an agreement in 2021 to acquire Sanderson Farms Inc. This will lead to organic growth of the company and service consumers well in coming years

Global Vegetable Seed Protein Market by Category

  • By Product Type, Global Vegetable Seed Protein Market is segmented as:

    • Soy Protein
    • Wheat Protein
    • Pea Protein
    • Rice Protein
  • By Nature, Global Vegetable Seed Protein Market is segmented as:

    • Organic
    • Conventional
  • By End-User, Global Vegetable Seed Protein Market is segmented as:

    • Household
    • Commercial
    • Industrial
      • Food Industry
        • Bakery and Confectionary
        • Sports
        • Clinical
        • Baby Food
        • Others
      • Animal Feed
  • By Region, Global Vegetable Seed Protein Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of vegetable seed protein market is estimated to be worth over USD 1,033.8 Million in 2022.
The demand is anticipated to surpass USD 1,808.1 Million by 2032 end.
During 2017-2021, global vegetable seed protein market grew at 3.9% CAGR.
Some of the prominent players in vegetable seed protein market are Archer Daniels Midland Company, CHS Inc., Roquette Freres, Beneo GmbH, Danisco A/S, etc.
North America tops the global vegetable seed protein market accounting for 33.4% of global market share in 2022.
Organic segment under the nature segment contributes 62.3% of market share in global sales of vegetable seed protein.

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