Market Size of africa plant protein ingredients Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Base Year For Estimation | 2022 |
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CAGR | 4.30 % |
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Largest Share by End User | Food and Beverages |
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Largest Share by Country | Nigeria |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Plant Protein Ingredients Market Analysis
The Africa Plant Protein Ingredients Market is projected to register a CAGR of 4.30%
- Soy Protein is the Largest Protein Type: Soy protein remained the most favored, owing to its inexpensive cost and excellent quality. The F&B and the animal feed segments drove the soy protein type in the region.
- Food and Beverages is the Largest End User: The F&B segment dominates the market, primarily led by the bakery and meat and dairy alternatives sub-segments due to the functionalities of plant protein ingredients, which makes them the preferred ingredients in these industries.
- Pea Protein is the Fastest-growing Protein Type: Pea proteins are gaining demand as meat alternatives due to their quick rehydration, neutral flavor, and texturizing abilities, which has led to a slew of new products.
- Supplements is the Fastest-growing End User: Rising demand for natural ingredients and protein-enriched skin, body, and hair care products is driving the segment, which is projected to record the fastest growth during the forecast period.
