Israel contributes around 4% of total plant protein market in the Asia-Pacific region. The country has highly developed food processing industry and possess cutting edge technology. Increasing population are inclining towards the vegetarian food products which would provide major boost to the protein market in the country. The industry of plant proteins is estimated at $140.5 million in 2018. The application of plant proteins across various segments of the industry such as confectionery, dietary supplements, animal feed and food is growing at a considerable rate which forecasts the market size of plant protein to grow at a CAGR of 8.1% during the forecasting period 2018 to 2023 in order to attain the value of $207.6 million by 2023.
Major drivers of plant protein market in the country is rising demand of clean and sustainable food sources, rising consumption of supplement products, high concern about health-related problems such as overweight, obesity, cancer and cardiovascular diseases and rising interest of population to consumer protein in order to maintain healthy body particularly among the middle aged and elderly population. The application of soy protein across food industry shares highest share of plant protein application in the country. Wheat protein, rice protein and pea protein also captures considerable market share especially across food and dietary supplements industry. The demand of emerging protein types among the consumers in Israel is low due to less awareness about hemp protein, potato protein, flax seed protein and pumpkin seed protein. However, due to growing demand for sustainable proteins, the market of these protein types is estimated to gain some traction in coming years.
The beverage industry is growing dynamically since last few years with growing demand for protein rich juices, shakes and other similar products. Animal feed is also among the major applications of plant proteins especially wheat protein isolates. With rising demand of protein-based animal feed such as poultry feed, fish feed and pet food, the application of plant proteins is estimated to increase at a rapid rate in coming years. Presently, there is very less know-how about the emerging plant based protein extraction techniques but companies are investing heavily in research and development activities which will boost market volume of plant protein market in coming years.
Key Deliverables
Major drivers of plant protein market in the country is rising demand of clean and sustainable food sources, rising consumption of supplement products, high concern about health-related problems such as overweight, obesity, cancer and cardiovascular diseases and rising interest of population to consumer protein in order to maintain healthy body particularly among the middle aged and elderly population. The application of soy protein across food industry shares highest share of plant protein application in the country. Wheat protein, rice protein and pea protein also captures considerable market share especially across food and dietary supplements industry. The demand of emerging protein types among the consumers in Israel is low due to less awareness about hemp protein, potato protein, flax seed protein and pumpkin seed protein. However, due to growing demand for sustainable proteins, the market of these protein types is estimated to gain some traction in coming years.
The beverage industry is growing dynamically since last few years with growing demand for protein rich juices, shakes and other similar products. Animal feed is also among the major applications of plant proteins especially wheat protein isolates. With rising demand of protein-based animal feed such as poultry feed, fish feed and pet food, the application of plant proteins is estimated to increase at a rapid rate in coming years. Presently, there is very less know-how about the emerging plant based protein extraction techniques but companies are investing heavily in research and development activities which will boost market volume of plant protein market 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
