The plant protein market of Spain contributes around 10% of European plant protein market. The demand of meat substitute products in the country is growing at a rapid rate since past few years due to rising concern about health-related problems such as obesity and overweight. The trend of vegan and vegetarian diet is also growing in the country as more and more people are increasingly advocating concerns regarding industrial animal farming. The plant protein market is estimated to grow at a CAGR of 6.7% during the forecast period 2018 to 2023, to attain the level of $621.87 million by 2023.
The food industry captures highest share of all the plant proteins applications. Major drivers for rising demand of sustainable protein across food industry segments includes high demand for quality, clean and sustainable protein sources, growing concern about the health-related issues due to the consumption of meat and its derivative products and increased consumption protein based supplement products especially among the young population. The surging demand for processed food has created wide prospects for the protein manufacturers. Similarly, meat analogous & extenders and dairy alternatives are major segments for the application of plant proteins ingredients.
The dietary supplements industry is expanding quickly since past few years due to growing adoption of healthy habits including attending fitness studios and gyms to maintain health. The recommendation for protein products from sports coaches and fitness experts to enhance performance during the physical activities has led to increased inclusion of various types of proteins ingredients in dietary supplements and sports drinks. Moreover, the animal feed industry has switched its focus towards clean protein ingredients across various feeds such as poultry feed, pet food and fish feed. All these industry segments provide huge opportunity for the protein manufacturers to capitalize on the trends in these industries which would boost the market revenue of plant proteins in the country. There are not many major plant based protein manufacturers in Spain but with rising demand of sustainable protein and its increasing applications, the market is expected to witness entry of major players. Many local companies are collaborating with the research institutes and universities to develop innovative protein products and also production process.
Key Deliverables
The food industry captures highest share of all the plant proteins applications. Major drivers for rising demand of sustainable protein across food industry segments includes high demand for quality, clean and sustainable protein sources, growing concern about the health-related issues due to the consumption of meat and its derivative products and increased consumption protein based supplement products especially among the young population. The surging demand for processed food has created wide prospects for the protein manufacturers. Similarly, meat analogous & extenders and dairy alternatives are major segments for the application of plant proteins ingredients.
The dietary supplements industry is expanding quickly since past few years due to growing adoption of healthy habits including attending fitness studios and gyms to maintain health. The recommendation for protein products from sports coaches and fitness experts to enhance performance during the physical activities has led to increased inclusion of various types of proteins ingredients in dietary supplements and sports drinks. Moreover, the animal feed industry has switched its focus towards clean protein ingredients across various feeds such as poultry feed, pet food and fish feed. All these industry segments provide huge opportunity for the protein manufacturers to capitalize on the trends in these industries which would boost the market revenue of plant proteins in the country. There are not many major plant based protein manufacturers in Spain but with rising demand of sustainable protein and its increasing applications, the market is expected to witness entry of major players. Many local companies are collaborating with the research institutes and universities to develop innovative protein products and also production process.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- DuPont
- ADM
- Cargill
- Bunge
- Mead Johnson
- CHS
- Scoular
- Roquette Freres Le Romarin
- Burcon NutraScience
- MGP Ingredients
- Axiom Foods
- Tate & Lyle Plc
- Fonterra
- Kerry
- Omega Protein Corporation
- Glanbia PLC
- Beneo-Pa
