What Is The Current and Historic Market Size Analysis Of The Canola Protein Market?
The canola protein market has seen considerable growth due to a variety of factors.
• In recent times, the canola protein market has experienced rapid growth. The market value is projected to increase from $2.63 billion in 2024 to $2.91 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%.
The historical growth can be credited to a surge in demand for plant-based proteins among health-focused consumers, wider use of canola in animal feed due to its rich protein content, an escalating trend of canola oil as a more healthful cooking oil option, improved overall production of canola, heightened consciousness about environmental sustainability, the advantages of crop rotation involving canola, and increased R&D initiatives in canola breeding to improve protein content and oil quality.
What are the Market Size and Expected Growth Rates for the Canola Protein Market?
The canola protein market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next few years, the canola protein market size is poised for swift expansion, anticipated to reach $4.3 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%.
This escalation during the projection period can be ascribed to the surge in the global population contributing to an increased requirement for food, including plant-based proteins. The escalating trend towards veganism and vegetarianism, which bolster demand for plant protein sources, massive investment in biotech for advancing canola varieties delivering higher protein yields, the growing consumer predilection for pure-label products involving sustainably sourced proteins, and state initiatives and backing for sustainable farming promoting canola cultivation are contributing factors. Key trends in the forecast period encompass a shift towards environmentally-friendly and organic farming systems in canola production, an uptick in the utilization of canola protein in functional foods and supplements, emerging advancements in processing technologies to augment protein extraction efficiency, increasing collaborations between food manufacturers and agricultural producers to ensure sustainable sources of canola protein, and the expansion of canola protein-based ingredients in the food sector such as meat substitutes and dairy alternatives.
Which Key Drivers Are Propelling The Canola Protein Market's Growth?
The canola protein market is predicted to experience significant growth due to the increasing demand for plant-based protein products. Plant-based proteins are derived from plant sources including legumes, grains, nuts and seeds, and offer an alternative to animal-based proteins in food and dietary plans. With growing health consciousness and environmental awareness, consumers, particularly in developed markets, are increasingly turning to plant-based protein alternatives. Canola proteins, noted for their nutritional benefits and smaller environmental footprint, are becoming more popular among food manufacturers and consumers alike. For example, per the report issued by Netherlands-based supermarket chain, Albert Heijn, in April 2024, plant-based proteins accounted for 44.1% of proteins sold by the chain in 2023, marking an increase from 42.6% in 2022. This escalating demand for plant-based protein products is thus driving the expansion of the canola protein market.
What Are The Key Segments Within The Global Canola Protein Market?
The canola proteinmarket covered in this report is segmented –
1) By Nature: Organic, Conventional
2) By Form: Canola Protein Isolates, Canola Protein Concentrates, Canola Protein Hydrolysates
3) By End-Use: Food And Beverages, Nutraceuticals And Feed Grade, Personal Care, Pharmaceuticals, Other End-Users
Subsegments:
1) By Organic: Organic Isolate, Organic Concentrate
2) By Conventional: Conventional Isolate, Conventional Concentrate
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Which Emerging Market Trends Are Altering The Canola Protein Industry?
Primary players in the canola protein market are concentrating on technological advancements, such as canola protein isolate, to achieve a competitive edge. The isolate is a high-purity, plant-sourced protein ingredient made from canola seeds, providing excellent flavor, nutritional value, and functionality. For example, in May 2024, Burcon NutraScience, a plant-based protein development company based in Canada, introduced its high-purity canola protein isolate. With more than 90% protein purity, a full amino acid profile, and outstanding solubility, this product is perfect for various food and drink applications. This innovation responds to the growing appeal for sustainable, plant-based protein substitutes that deliver both taste and functionality. Nonetheless, challenges such as production scalability and market adoption persist, as companies grapple with the intricacies of evolving consumer preferences and regulatory structures.
Who Are the Key Players In The Canola Protein Market?
Major companies operating in the canola protein market are:
• Archer Daniels Midland Company
• Wilmar International Limited
• Bunge Global Markets LLC
• CHS Inc.
• Corteva Inc.
• The Scoular Company
• DSM Nutritional Products Inc.
• Amway Corp.
• Glanbia plc
• Roquette Brothers SA
• Richardson International Limited
• Tate & Lyle PLC
• AGT Food and Ingredients Inc.
• MGP Ingredients Inc.
• SunOpta Inc.
• Axiom Foods Inc.
• Burcon NutraScience Corporation
• Botaneco Inc.
• Prairie AquaTech LLC
• NapiFeryn BioTech
What Are The Regional Insights Into The Canola Protein Market?
North America was the largest region in the canola protein market in 2024. The regions covered in the canola protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
