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 alternative of those proteins.
Growing consumption of the dietary protein supplements healthy nutritional products and emerging research developments to find newer products portfolios that provide the additional nutritional benefits without leaving any potential side effects, the market is remarkably being driven. While dietary improvement is a desirable goal for many common individuals ranging in various age bands, changing dietary patterns seems extremely hard for most of them also. Thus, it is becoming a common practice that many people are consuming additional protein supplements to augment the daily intake of nutrients so that they may lead a healthier lifestyle.
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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.
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