Canola Protein Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
he canola protein market has experienced significant growth from 2018 to 2022, driven by increasing consumer demand for plant-based protein sources and advancements in extraction technologies.n 2023, the market was valued at approximately $2.39 billion and is projected to reach $2.63 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.2%.citeturn0search1
ooking ahead, the canola protein market is expected to continue its upward trajectory, with projections estimating a market size of $3.91 billion by 2028, maintaining a CAGR of 10.4%.citeturn0search1
his growth is attributed to several factors, including the rising global population leading to higher food demand, the growing trend towards veganism and vegetarianism, increased investment in biotechnology to improve canola varieties for higher protein yields, and a consumer preference for clean-label products.
he market is segmented into various forms, such as canola protein isolates, concentrates, and hydrolysates, catering to diverse applications across food and beverages, nutraceuticals, animal feed, personal care, and pharmaceuticals.orth America, particularly the United States and Canada, has been a significant contributor to the market, driven by growing consumer awareness regarding health and wellness and the demand for plant-based protein products.citeturn0search5
n the Asia-Pacific region, countries like China, India, and Australia are experiencing growth in canola protein consumption, influenced by a shift towards healthier lifestyle choices and a rising vegan population.ncreasing income levels and urbanization in these regions also play a crucial role in the rising consumption of health-centric foods.citeturn0search5
urope, particularly countries with rigorous standards for food additives and a strong influence of vegan and vegetarian lifestyles, such as Germany and the UK, is also witnessing a rise in demand for canola proteins.he growing popularity of clean-label and non-GMO products among European consumers further propels market growth.citeturn0search5
n summary, the canola protein market has demonstrated robust growth from 2018 to 2022, with continued expansion anticipated through 2028 and beyond.his growth is driven by increasing consumer demand for sustainable and plant-based protein sources, advancements in biotechnology, and a global shift towards healthier dietary preferences.
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DSM
Merit Functional Foods
ADM
CHS
TEUTEXX
NapiFeryn BioTech
GP Feeds
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Canola Protein Market
Meat Products
Dairy Products
Noodle Products
Drinks
Others
Based on Types the Market is categorized into Below types that held the largest Canola Protein market share In 2023.
Hydrolyzed Rapeseed Protein
Canola Isolate Protein
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Canola Protein Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Canola Protein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Canola Protein Market, By Type
6. Global Canola Protein Market, By Application
7. Global Canola Protein Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Canola Protein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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