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India Plant Protein Market - Size, Trends, Competitive Analysis and Forecasts (2018-2023)

  • ID: 4614965
  • Report
  • May 2018
  • Region: India
  • 260 pages
  • Hypercube Insights
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India Plant Protein Market estimated to be worth $565 billion by 2023

FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • MORE
India is among the fastest developing countries across the globe. The population in the country is growing at a rapid rate. The strengthening economic conditions and consequent increase in purchasing power makes it one of the attractive emerging markets in the world. The Government is highly focused to roll out policies and regulations that will aid the foreign investments. The protein industry in India is growing at a rapid rate parallel to the demand of supplement products, dairy alternatives, processed products and meat substitute. Stable economic condition and changing lifestyle of the population in India has placed the nutrition and health market at a forefront. Growing issues related to environment and animal farming has led to rising demand of sustainable protein sources such as plant protein.
The plant protein market of India captures around 10% of the Asia-Pacific plant protein market. The plant protein market of India is currently estimated at $374.1 million in 2018. Major drivers of the market include rising purchasing power of middle income and lower income families, growing youngsters and middle-aged population interested in hitting gym and fitness clubs, rising demand of lactose free and gluten free products and increasing health consciousness due to growing concern about obesity and overweight. These drivers forecast the plant protein market to grow and capture the value of $565.1 million by 2023, registering at a CAGR of 8.6% during the period of forecast 2018 to 2023. The application of plant protein across food and dietary supplements is highest compared to other application. The reason being both of these industries are among the fastest growing industries and the demand of clean and natural ingredients across the segments is growing.

Majority of the population in India are still in middle and lower income class. With rising economic development and growing industrialization, the rate of employment and disposable income is growing. This is resulting in the shift in dietary pattern leading to growing consumption of protein rich food and beverage products. Sports community, bodybuilders and athletes are also seeking for protein rich juices, smoothies, shakes, drinks and flavored drinks which provides ample opportunity for the plant proteins manufacturers. The plant protein manufacturers are widening their product portfolios and developing alternate protein types to enhance the flavor, taste and nutritional value of sports drinks.

Whey protein is one of the highly; popular protein types in the country, the application of which is highest across dietary supplements industry. Moreover, over the years due to intensive research and advancement in term of product development and process extraction of whey protein its popularity has increased among Indian population particularly among gym goers. Hence, it poses major restraint to plant proteins market. Other restraint includes less development of emerging plant proteins and low awareness about the plant protein. However, increasing marketing from major global companies in the Indian market will boost the market growth 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
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary by Type
2.2 Market Summary by Geography
2.3 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based proteins
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.1.4 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commercially feasible extraction process
3.2.2 Low awareness about the product
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceutical industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Plant Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Rice Protein
4.1.1 Market Share, Type
4.1.1.1 Rice Protein Isolate
4.1.1.2 Rice Protein Concentrate
4.1.1.3 Others
4.1.2 Market Share, Application
4.1.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Products
Meat Analogues & Extenders
Others
4.1.2.2 Beverages
4.1.2.3 Dietary Supplements
4.1.2.4 Animal Feed
4.1.2.5 Others
4.2 Wheat Protein
4.2.1 Market Share, Type
4.2.1.1 Wheat Gluten
4.2.1.2 Wheat Protein Isolate
4.2.1.3 Textured Wheat Protein
4.2.1.4. Hydrolyzed Wheat Protein
4.2.2 Market Share, Application
4.2.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Processed Meat & Seafood
Others
4.2.2.2 Beverages
4.2.2.3 Dietary Supplements
4.2.2.4 Animal Feed
4.2.2.5 Others
4.3 Pea Protein
4.3.1 Market Share, Type
4.3.1.1 Pea Protein Isolate
4.3.1.2 Pea Protein Concentrate
4.3.1.3 Textured Pea Protein
4.3.1.4. Hydrolyzed Pea Protein
4.3.2 Market Share, Application
4.3.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.3.2.2 Beverages
4.3.2.3 Dietary Supplements
4.3.2.4 Animal Feed
4.3.2.5 Others
4.4 Soy Protein
4.4.1 Market Share, Type
4.4.1.1 Soy Protein Isolates
4.4.1.2 Soy Protein Concentrate
4.4.1.3 Soy Protein Hydrolysates
4.4.1.4. Textured Soy Protein
4.4.1.5. Others (Soy Flour, Soy Grits, Soy Chunks, Brushed Soy Protein)
4.4.2 Market Share, Application
4.4.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.4.2.2 Beverages
4.4.2.3 Dietary Supplements
4.4.2.4 Animal Feed
4.4.2.5 Others
4.5 Potato Protein
4.5.1 Market Share, Type
4.5.1.1 Potato Protein Isolate
4.5.1.2 Potato Protein Concentrate
4.5.1.3 Hydrolyzed Potato Protein
4.5.2 Market Share, Application
4.5.2.1 Food
Confectionary
Bakery
Snacks
Dairy Alternatives
Meat Analogues & Extenders
Others
4.5.2.2 Beverages
4.5.2.3 Dietary Supplements
4.5.2.4 Animal Feed
4.5.2.5 Others
4.6 Canola Protein
4.6.1 Market Share, Type
4.6.1.1 Canola Protein Isolate
4.6.1.2 Canola Protein Concentrate
4.6.2 Market Share, Application
4.6.2.1 Food
Infant Formula
Confectionary
Bakery
Snacks
Dairy Products
Meat Analogs & Substitues
Others
4.6.2.2 Beverages
4.6.2.3 Dietary Supplements
4.6.2.4 Animal Feed
4.6.2.5 Others
Emerging Markets
4.7 Hemp Protein
4.7.1 Market Share, Type
4.7.1.1 Hemp Protein Isolate
4.7.1.2 Hemp Protein Concentrate
4.7.2 Market Share, Application
4.7.2.1 Food
4.7.2.2 Beverages
4.7.2.3 Dietary Supplements
4.7.2.4 Animal Feed
4.7.2.5 Others
4.8 Chickpea Protein Isolates
4.8.1 Market Share, Application
4.8.1.1 Food
4.8.1.2 Beverages
4.8.1.3 Dietary Supplements
4.8.1.4 Animal Feed
4.8.1.5 Others
4.9 Cranberry Protein Powder
4.9.1 Market Share, Application
4.9.1.1 Food
4.9.1.2 Beverages
4.9.1.3 Dietary Supplements
4.9.1.4 Animal Feed
4.9.1.5 Others
4.10 Pumpkin Seed Protein Powder
4.10.1 Market Share, Application
4.10.1.1 Food
4.10.1.2 Beverages
4.10.1.3 Dietary Supplements
4.10.1.4 Animal Feed
4.10.1.5 Others
4.11 Flax Seed Protein Powder
4.11.1 Market Share, Application
4.11.1.1 Food
4.11.1.2 Beverages
4.11.1.3 Dietary Supplements
4.11.1.4 Animal Feed
4.11.1.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 DuPont Solae
6.2 ADM
6.3 Cargill
6.4 Bunge
6.5 Mead Johnson
6.6 CHS
6.7 Scoular
6.8 Roquette Freres Le Romarin
6.9 Burcon NutraScience
6.10 MGP Ingredients
6.11 Axiom Foods
6.12 Tate & Lyle Plc
6.13 Fonterra
6.14 Kerry
6.15 Omega Protein Corporation
6.16 Glanbia PLC
6.17 Beneo-Palatinit GmbH
6.18 Wilmar International
6.19 Sotexpro
6.20 Farbest Brands

Appendix
Sources
Disclaimer
Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
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