The Global Acacia
Protein Market is projected to reach USD 982.1
million by 2027. The market is fueled by the rising awareness for the about
food nutrition and dietary improvements. Also, Increase in confectionery,
bakery, food & beverages, and sports drink consumption along with the rise
in consumer awareness pertaining to health concerns is expected to support the
market growth. Acacia contains nearly 25% of protein compared to cereal based
proteins, which makes it a prominent alternatives of those proteins.
The
report offers a thorough analysis of the regions with regards to production and
consumption patterns, supply and demand dynamics, import/export, technological
and product advancements, current and emerging trends, consumer demands,
consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better
understanding of the scope and growth of the market.
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Key Players:
Key participants
include AIDP Inc., Axiom Foods Inc., Bioway (Xi'an) Organic Ingredients Co.,
Ltd., Golden Grain Group Ltd., AcaciaBran Technologies, Nutrition Resource
Inc., Shaanxi Fuheng (FH) Biotechnology Co. Ltd, Shafi Gluco Chem Pvt. Ltd.,
The Green Labs LLC, and Top Health Ingredients Inc., among others.
Further
key findings from the report suggest:
- The overall dietary supplement
sales for children are expected to rise during the forecast period. It was
observed that Chinese and Indian parents were willing to spend relatively
large amounts of money on the health of their children in relation to
family income.
- A new trend emerging in the dietary
supplements market is the need to use organic or sustainable ingredients.
This trend is being driven by two fundamental shifts in this industry: the
need to consume ‘healthier’ ingredients and consumers’ increasing concerns
for sourcing ‘sustainable’ products
- The consumption of Acacia protein
within the food & beverages increases the nutrition composition,
power, and muscle mass of the human body, which has led to rapid adoption
of the product in sports & energy nutrition and post-exercise foods
& drinks.
- Nutraceuticals & feed grade
sub-segment had a market share of 28.6% in 2019 due to its remarkable
usage of the Acacia protein based formulation for making end-use dietary
& nutritional supplements.
- In December 2019, Nexira launched a
new premium nutritional brand Acacia gum and baobab.
- In March 2020, Nutiva expanded its
MCT Portfolio, having launched the new Organic MCT Protein line-up that
includes prebiotic acacia fiber.
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Market
Segmentation:
Product Outlook
(Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Protein Isolates
- Protein Concentrates
- Others
Form Outlook (Revenue:
USD Million; Volume: Kilo Tons; 2017-2027)
- Powder
- Paste
End-Use Verticals
Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Food & Beverages
- Nutraceuticals & Feed Grade
- Personal Care
- Pharmaceuticals
- Others
Regional Outlook
(Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Identifying the basic business
drivers, challenges, and tactics adopted:
·
The report
provides intrinsic details and fluctuating aspects that influence the
commercial dynamics of the Acacia Protein market along with integral factors of
the rise in the demand for the product have been mapped across vital
geographical regions.
·
An overview of
the multifarious applications, business areas and the latest trends observed in
the industry has been laid out by this study.
·
Various
challenges overlooking the business and the numerous strategies employed by the
industry players for successful marketing of the product have also been
illustrated.
·
The research
inspects the sales channels (indirect, direct, marketing) that companies have
chosen for the primary product distributors and the superior clientele of the
market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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