Canada is also among the largest markets of plant proteins in the North America region. The country is one of the leading producer and exporter of various plant protein sources such as pumpkin seed, flax seed and cranberry. Given the size of the country and the size of the population that the country possesses, the number of plant proteins manufacturer is relatively high. Presently, Canada shares around 35% of North American plant protein market. In coming years, the trend of plant-based protein consumption is going to be intensified along with increasing demand of supplements products. Thus, with rising local and global demand the opportunity for the Canadian plant protein manufactures is very high in coming decade.
The market size of Canadian plant protein is presently valued at $1,088.39 million in 2018. Rising trend of vegetarianism and veganism, increasing awareness about the fatal diseases such as obesity, overweight, cancer and cardiovascular ailments, growing sympathy towards the animals, awareness about negative impact on environment because of factory farming and ever-growing demand of supplement products among the youngsters in order to build strong body psyche are some of the major drivers for the growth of plant proteins market in the country. The application of soy protein, pea protein and wheat protein is very high across dietary supplements industry. This is mainly because of innovations in the extraction and processing techniques in these protein types and steady supply of raw materials due to high crop yield.
Though soy protein is widely popular plant base protein in the country which has multiple applications across food industry but the concern about the GMO in soy is believed to restraint the market growth. Rice protein, wheat protein, and other emerging protein such as pumpkin seed, flax seed and cranberry protein market would highly benefit from this soy protein restraint thereby leading to rising application of emerging protein types across various industry segments. For emerging protein types, efforts are needed in terms of developing feasible extraction process to improve the quality of protein and reduce cost of production. Growing interest of major conglomerates in protein business is expected to intensify the research efforts to introduce novel protein types.
AgroHall, Soy Canada, Axiom Foods are some of the largest plant protein producers in the country. These companies are planning to invest heavily on research and development to expand their product range and increase their production capacities pertaining to growing demand of protein across the globe. In terms of Government regulation, companies are working with law makers and other stakeholders in the industry to smoothen the guidelines which would make it easy for both incumbents and to new entrants to stay tune with the market demand.
Key Deliverables
The market size of Canadian plant protein is presently valued at $1,088.39 million in 2018. Rising trend of vegetarianism and veganism, increasing awareness about the fatal diseases such as obesity, overweight, cancer and cardiovascular ailments, growing sympathy towards the animals, awareness about negative impact on environment because of factory farming and ever-growing demand of supplement products among the youngsters in order to build strong body psyche are some of the major drivers for the growth of plant proteins market in the country. The application of soy protein, pea protein and wheat protein is very high across dietary supplements industry. This is mainly because of innovations in the extraction and processing techniques in these protein types and steady supply of raw materials due to high crop yield.
Though soy protein is widely popular plant base protein in the country which has multiple applications across food industry but the concern about the GMO in soy is believed to restraint the market growth. Rice protein, wheat protein, and other emerging protein such as pumpkin seed, flax seed and cranberry protein market would highly benefit from this soy protein restraint thereby leading to rising application of emerging protein types across various industry segments. For emerging protein types, efforts are needed in terms of developing feasible extraction process to improve the quality of protein and reduce cost of production. Growing interest of major conglomerates in protein business is expected to intensify the research efforts to introduce novel protein types.
AgroHall, Soy Canada, Axiom Foods are some of the largest plant protein producers in the country. These companies are planning to invest heavily on research and development to expand their product range and increase their production capacities pertaining to growing demand of protein across the globe. In terms of Government regulation, companies are working with law makers and other stakeholders in the industry to smoothen the guidelines which would make it easy for both incumbents and to new entrants to stay tune with the market demand.
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
