Russia is among the fastest growing economies in the European region. The country has recorded significant economic development due to industrialization since past few years. Russian protein industry is growing at a very high rate due to growing demand of nutritional food source, rising level of middle income families and growing inclination of Russian population towards the vegetarian food source. The plant protein market of Russia is currently estimated at $559.52 million in 2018, which is forecasted to grow at a CAGR of 8.3% during 2018 to 2023, to attain the value of $835.39 million by 2023.
Major drivers of exponentially growing demand of plant proteins in Russia is rising trend of vegetarian and vegan diet, increasing consciousness about the health-related problems such as obesity and overweight and high demand of supplement products. The inclusion of plant protein across the dietary supplements is growing at a fastest CAGR compared to other application of plant proteins. The demand for drinks, juices, smoothies, shakes containing clean and natural protein ingredients is growing among the sports persons, body builders and athletes, which provides good opportunity for the plant proteins.
The food industry has changed dynamically since past few years as the consumption of nutritional and function food products across various segments such as bakery, confectionery, meat alternatives, dairy alternatives and processed food is growing. Rising lactose intolerance and gluten sensitiveness has resulted in growing demand of lactose free and gluten free dairy alternatives and the application of plant proteins ingredients across this segment would provide considerable boost to the market revenue. Similarly, the demand for frozen, processed and dried food products has increased among the population residing in the urban cities. The manufacturers of these products heavily rely on proteins to maintain the nutritional component of the products. Thus, these segments across food industry will play significant role in driving the market of plant proteins during the forecast period.
Key Deliverables
Major drivers of exponentially growing demand of plant proteins in Russia is rising trend of vegetarian and vegan diet, increasing consciousness about the health-related problems such as obesity and overweight and high demand of supplement products. The inclusion of plant protein across the dietary supplements is growing at a fastest CAGR compared to other application of plant proteins. The demand for drinks, juices, smoothies, shakes containing clean and natural protein ingredients is growing among the sports persons, body builders and athletes, which provides good opportunity for the plant proteins.
The food industry has changed dynamically since past few years as the consumption of nutritional and function food products across various segments such as bakery, confectionery, meat alternatives, dairy alternatives and processed food is growing. Rising lactose intolerance and gluten sensitiveness has resulted in growing demand of lactose free and gluten free dairy alternatives and the application of plant proteins ingredients across this segment would provide considerable boost to the market revenue. Similarly, the demand for frozen, processed and dried food products has increased among the population residing in the urban cities. The manufacturers of these products heavily rely on proteins to maintain the nutritional component of the products. Thus, these segments across food industry will play significant role in driving the market of plant proteins during the forecast period.
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
