Japan is one of the most developed countries in the Asia-Pacific region. High investments in research, rapid technological advancements and cutting-edge innovation techniques are some of the major factors that has resulted in developed protein ingredients market in the country. Japan contributes around 21% of total plant protein market in the Asia-Pacific region. It is also among the fastest growing markets in the region. Being highly developed economy and possessing state of the art processing techniques, Japanese plant protein industry enjoys the advantages of being one of the largest exporters in region. The plant protein market in Japan is presently estimated at $647.7 million in 2018, the growth of which is estimated to be highly captured by food and dietary supplements industry.
Major drivers of Japanese plant protein market is increasing adoption of vegetarian lifestyle, growing demand of lactose free and gluten free products and growing concern about the health-related problems. The application of plant protein such as soy protein, wheat protein, pea protein and rice protein are very high across food industry mainly due to the easy availability and cheap cost. The demand of emerging plant proteins such as hemp protein, potato protein and flaxseed protein is very low. However considering the demand of sustainable protein types these markets is expected to gain some traction in coming years.
The protein industry in Japan is highly developed. Companies are closely collaborating with the leading research institutes to drive continuous innovation to enhance nutritional value, taste, flavor and appearance of the plant proteins. Fuji Oil and Glico are leading protein producers in the country. Both of these companies’ produces variety of plant protein types including soy, wheat and rice protein. These companies are investing heavily in research and development to innovate in emerging protein types to expand their application scope across various industries. The degree of competition in the industry is currently mediocre but with rising demand and the application of plant protein, the number of new entrants is estimated to be intensified in coming years.
Key Deliverables
Major drivers of Japanese plant protein market is increasing adoption of vegetarian lifestyle, growing demand of lactose free and gluten free products and growing concern about the health-related problems. The application of plant protein such as soy protein, wheat protein, pea protein and rice protein are very high across food industry mainly due to the easy availability and cheap cost. The demand of emerging plant proteins such as hemp protein, potato protein and flaxseed protein is very low. However considering the demand of sustainable protein types these markets is expected to gain some traction in coming years.
The protein industry in Japan is highly developed. Companies are closely collaborating with the leading research institutes to drive continuous innovation to enhance nutritional value, taste, flavor and appearance of the plant proteins. Fuji Oil and Glico are leading protein producers in the country. Both of these companies’ produces variety of plant protein types including soy, wheat and rice protein. These companies are investing heavily in research and development to innovate in emerging protein types to expand their application scope across various industries. The degree of competition in the industry is currently mediocre but with rising demand and the application of plant protein, the number of new entrants is estimated to be intensified in coming years.
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
