Canada Protein Ingredients Market Size & Outlook
Canada protein ingredients market, 2018-2030 (US$M)
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Canada protein ingredients market highlights
- The Canada protein ingredients market generated a revenue of USD 1,375.8 million in 2023 and is expected to reach USD 1,873.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, animal/dairy protein was the largest revenue generating product in 2023.
- Insect Protein is the most lucrative product segment registering the fastest growth during the forecast period.
Protein ingredients market data book summary
| Market revenue in 2023 | USD 1,375.8 million |
| Market revenue in 2030 | USD 1,873.2 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Animal/dairy protein |
| Fastest growing segment | Insect Protein |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Protein, Animal/Dairy Protein, Microbe-based Protein, Insect Protein |
| Key market players worldwide | DuPont de Nemours Inc, Archer-Daniels Midland Co, Burcon NutraScience Corp, Tessenderlo Group NV, Kewpie Corp, The Scoular Company, CHS Inc Pref Share, Reckitt Benckiser Group PLC, Suedzucker AG, Bunge Global SA, Cargill, Ingredion Inc, Kerry Group PLC Class A, Givaudan SA, Tate & Lyle PLC, Puris, Koninklijke DSM NV, Glanbia PLC, NutriPea, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 2.7% of the global protein ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. protein ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 4,188.5 million by 2030.
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada protein ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein ingredients market will help companies and investors design strategic landscapes.
Animal/dairy protein was the largest segment with a revenue share of 70.24% in 2023. Horizon Databook has segmented the Canada protein ingredients market based on plant protein, animal/dairy protein, microbe-based protein, insect protein covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, the producers of protein supplements have been focusing on expanding their range of protein products in Canada owing to the rising popularity of protein supplements in the country. Environmental and health concerns in Canada are shifting consumer preference toward plant-based proteins from animal-based proteins.
This development is backed by the rising popularity of the vegan diet in the country. As regards human consumption, protein ingredients are being increasingly consumed in the form of protein supplements.
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Target buyers of Canada protein ingredients market databook
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Our clientele includes a mix of protein ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada protein ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Canada protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada protein ingredients market size, by product, 2018-2030 (US$M)
Canada Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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