Canola Proteins Market 2022 Assessment and Key Insights Analyzed Till 2030

Due to nutritional and functional properties, the use of canola protein is rising in food and nutraceutical products. Canola protein is widely used in animal feed for livestock, fish, and poultry.

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Growing Concerns Regarding Animal Welfare

Consumers are becoming more compassionate and sensitive towards animals because of the circumstances and environment in which they are raised and harvested. Animal welfare is one of the primary reasons for consumers opting for plant-based products, including plant-based protein ingredients.

As per to the People for the Ethical Treatment of Animals organization (PETA), to produce more than 18,000 pounds annually, cows undergo genetic manipulation and are treated with antibiotics and bovine growth hormones.

To increase the efficiency and productivity of cows, the hormones are used which impacts their health adversely.

Increasing animal cruelty and maltreatment in the food industry has led to the growing concerns of consumers regarding animal welfare, thus increasing the demand for plant-based protein ingredients. This factor is anticipated to contribute to the growth of the canola protein market in the forecast period.

Growth of Premium Pet Food Market Boosting Demand for Canola Protein

The rise in pet ownership and humanization has led to an increase in demand for premium pet food. Consumer awareness about the products that their pets consume is at an all-time high.

Consumers are willing to provide their pets with the utmost care and the best quality of food products that they can offer despite facing economic challenges. Consumers want to give their pets’ highly nutritious pet food for proper growth and healthy life. This is observed more in developed countries.

Thus, many manufacturers are offering premium pet food and are customizing pet food with the latest advancements to meet the changing market demands. On the back of these factors, the demand for natural and plant-based protein ingredients to improve the palatability of pet food products is expected to increase.

When compared to most other plant or vegetable ingredients, canola is a particularly dense source of protein. Protein is crucial in dogs’ and cats’ diet as it is used to repair, maintain, and grow a dog or cat’s muscles and cells.

Canola Proteins Market: Regional Analysis

North America and Europe are expected to dominate the canola protein market. North America is foremost in the production and consumption of canola proteins followed by Europe. The vegan and vegetarian population is rising in Europe and North America due to which demand for canola protein is rising in these regions.

The key players are focusing on research and development to launch innovative products. The key players of canola proteins have a presence in various European countries owing to strong collaborations and partnerships with the research institute and universities.

Global Canola Proteins: Key Players

Some of the key players operating their business in the global canola proteins market are

• Tate & Lyle Plc
• Teutexx Proteins
• Archer Daniels Midland Company
• DSM N.V
• Bunge Ltd
• Burcon NutraScience
• Cargill Inc.
• Roquette Freres
• Kerry Group
• Mead Johnson
• MGP Ingredients
• Omega Protein Corporation

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The report covers exhaustive analysis on:

• Canola protein market Segments
• Canola protein market Dynamics
• Canola protein market Size
• Canola protein Supply and Demand
• Current Trends/Issues/Challenges pertaining to canola protein market
• Competition Landscape and Emerging Market Participants in canola protein market
• Technology related to Production/Processing of canola protein
• Value Chain Analysis of the canola protein market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights:

• Detailed overview of parent market
• Changing dynamics of the canola protein market in the industry
• In-depth market segmentation and analysis
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments in canola protein market
• Competitive landscape of the canola protein market.
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective canola protein market performance
• Must-have information for canola protein market players to sustain and enhance their market footprint.