Frost Radar™: Protein Ingredients, 2022

Frost Radar™: Protein Ingredients, 2022

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
22-Nov-2022
REGION
Global
Deliverable Type
Frost Radar
Research Code: PD8F-01-00-00-00
SKU: FN00066-GL-MR_26951
AvailableYesPDF Download

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$4,950.00

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Description

Consumers are increasingly adopting flexitarian (meatless diet but occasionally includes meat or fish), vegetarian (meatless diet), or vegan (zero animal product diet) lifestyles due to concerns about health risks, animal welfare (factory farming), and environmental sustainability. This global trend is augmenting demand for alternative or plant-based sources of protein.

Industry convergence is reshaping the global protein ingredients industry by helping companies broaden their product portfolios to stay ahead of the competition. Dairy protein ingredients manufacturers are adding plant protein ingredients to their offerings by establishing partnerships with plant protein ingredients companies. In response to the significant prospects for alternative protein, some plant protein ingredients manufacturers are collaborating with product formulators or forward integrating to add alternative proteins to their portfolios.

Successful companies in this space have diversified product offerings, significant R&D investment, strong focus on developing innovative (novel/functional) protein ingredients, a clearly defined customer alignment system (execute customer satisfaction surveys, integrate customer feedback into R&D and sales strategies, and offer formulation expertise to customers), a solid growth pipeline, and strong sales and marketing strategies (such as participate in events, tradeshows, webinars, and webcasts to strengthen brand and drive demand generation).

The global protein ingredients market will total about $28.4 billion in 2022 and is on course to reach $52.2 billion by 2030. The market is on a growth trajectory, driven mainly by the fast-growing plant protein ingredients segment, which consumers prefer for reasons related to nutritional profile, lactose intolerance concerns, and sustainability commitments.

In a highly fragmented market with more than 200 global industry participants, Frost & Sullivan independently plotted the top 20 companies in this Frost Radar™ analysis. The 30 major market participants in terms of revenue were invited to participate in this analysis. Some vendors either chose not to participate, could not complete the questionnaire in a timely fashion, or would not provide any data to substantiate growth or revenue.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles of each company based on its strengths, opportunities, and a small discussion on its positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across the 10 criteria, where the leading companies are then positioned on the Radar. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Table of Contents

The Strategic Imperative

The Strategic Imperative (continued)

The Growth Environment

The Growth Environment (continued)

Frost Radar™: Protein Ingredients Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

ADM

Agropur

AMCO Proteins

Arla Foods Ingredients Group P/S

Axiom Foods

BENEO

Cargill

Cosucra

FrieslandCampina

Glanbia

Idaho Milk Products

Ingredion

InnovoPro

International Flavors & Fragrances

Kerry

Lactalis Ingredients

MGP Ingredients

NZMP

Proeon Foods

Roquette Frères

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Consumers are increasingly adopting flexitarian (meatless diet but occasionally includes meat or fish), vegetarian (meatless diet), or vegan (zero animal product diet) lifestyles due to concerns about health risks, animal welfare (factory farming), and environmental sustainability. This global trend is augmenting demand for alternative or plant-based sources of protein. Industry convergence is reshaping the global protein ingredients industry by helping companies broaden their product portfolios to stay ahead of the competition. Dairy protein ingredients manufacturers are adding plant protein ingredients to their offerings by establishing partnerships with plant protein ingredients companies. In response to the significant prospects for alternative protein, some plant protein ingredients manufacturers are collaborating with product formulators or forward integrating to add alternative proteins to their portfolios. Successful companies in this space have diversified product offerings, significant R&D investment, strong focus on developing innovative (novel/functional) protein ingredients, a clearly defined customer alignment system (execute customer satisfaction surveys, integrate customer feedback into R&D and sales strategies, and offer formulation expertise to customers), a solid growth pipeline, and strong sales and marketing strategies (such as participate in events, tradeshows, webinars, and webcasts to strengthen brand and drive demand generation). The global protein ingredients market will total about $28.4 billion in 2022 and is on course to reach $52.2 billion by 2030. The market is on a growth trajectory, driven mainly by the fast-growing plant protein ingredients segment, which consumers prefer for reasons related to nutritional profile, lactose intolerance concerns, and sustainability commitments. In a highly fragmented market with more than 200 global industry participants, Frost & Sullivan independently plotted the top 20 companies in this Frost Radar™ analysis. The 30 major market participants in terms of revenue were invited to participate in this analysis. Some vendors either chose not to participate, could not complete the questionnaire in a timely fashion, or would not provide any data to substantiate growth or revenue. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles of each company based on its strengths, opportunities, and a small discussion on its positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across the 10 criteria, where the leading companies are then positioned on the Radar. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
Deliverable Type Frost Radar
Author Nimisha Dhomne
Industries Agriculture and Nutrition
No Index No
Is Prebook No
Podcast No
WIP Number PD8F-01-00-00-00