Africa Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Africa Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Africa Plant Protein Market is projected to register a CAGR of 5.9%during the forecast period (2020-2025).

Key Highlights
  • The demand for plant proteins in Africa has increased, owing to the need for protein, growth of the population, a rising economy, growing health concerns among consumers, and innovation in plant proteins, which are some of the driving factors for the plant protein market in Africa.
  • Sports persons, health-conscious and weight-conscious individuals, and other adult age groups are the main consumers of plant protein. Various infant formula products enriched with plant proteins, protein bars, and drinks have covered the major market in the region.
  • Soy protein is dominating in the region owing to the wide applications and availability, followed by wheat protein.Plant protein market is mainly import-dependent in the region.
Key Market TrendsSoy Protein Dominates The Market

Soy protein holds the major share in the market and is driven by functional efficiency, cost competitiveness offered and their increasing utilization, in a wide variety of processed foods, especially in the ready-to-eat product category. Soy has a substantial amount of proteins, which are healthy for all age groups, and it also helps in keeping the body fit. The soy protein obtained from de-hulled and defatted soy meal is sold as soy flour, soy protein concentrate, and soy protein isolate. With the growing popularity of the market players are developing unique extraction methods to optimize the production process, which will make the market more lucrative.

South Africa Holds A Major Share

Changing consumer lifestyles and rising healthcare expenditure are playing a vital role in the growth of the plant protein market in the country. Moreover, the flourishing growth of the retail sector is escalating the growth of the market. The concerns over clean labels, ease of digestion, the need for avoiding allergy-causing substances, and sustainability among the public are adding the demand for plant proteins, in the country. Plant ingredients in sports nutrition constitutes the major share in the market, followed by animal feed. Manufacturers in South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage.

Competitive Landscape

Africa Plant Protein Market is a consolidated and competitive market with the major players dominating the market. 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. Some of the major players operating in the market are Archer Daniels Midland, Cargill Inc. etc.

Additional Benefits:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Wheat Protein
5.1.2 Soy Protein
5.1.3 Pea Protein
5.1.4 Other Products
5.2 By Form
5.2.1 Protein Isolate
5.2.2 Protein Concentrate
5.2.3 Textured Proteins
5.3 By Application
5.3.1 Bakery
5.3.2 Meat Extenders and Substitutes
5.3.3 Dietary Supplements
5.3.4 Beverages
5.3.5 Snacks
5.3.6 Other Applications
5.4 Geography
5.4.1 South Africa
5.4.2 Nigeria
5.4.3 Kenya
5.4.4 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill, Inc.
6.3.2 Archer Daniels Midland Company
6.3.3 DuPont, Inc.
6.3.4 Kerry Group
6.3.5 Glanbia plc
6.3.6 Philafrica Foods
6.3.7 Ingredion, Inc.
6.3.8 Tate & Lyle plc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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