Africa Protein Ingredients Market is Estimated at a Record USD 1967.23 Million by the End of 2030 | Infinium Global Research

Infinium Global Research has added a new report on Africa Protein Ingredients Market. The report covers the analysis of regional markets of Africa. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Africa protein ingredients market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Africa market. The dynamics include drivers, restraints, opportunities, political, and socioeconomic factors, technological factors, key trends, and future prospects. The Africa protein ingredients market was valued at USD 1050.25 Million in 2022 and is expected to reach USD 1967.23 Million by 2030 and grow at a CAGR of 9.38% over the forecast period.

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Pandemic Response and Dietary Awareness

The COVID-19 outbreak has heightened awareness among consumers, particularly in developing countries, about the vital role of preventative health. The crisis has made today's consumers more conscious than ever about immune health and the need to protect against diseases. As a result, there is a growing demand for food products containing protein ingredients, as people look for dietary options that strengthen their immune systems.

Rising Demand for Protein-Based Foods

The Africa region is currently witnessing an unprecedented boom in demand for animal-based foods. According to the United Nations, the demand for meat, milk, and eggs in Africa is increasing and is expected to rise further in the future. This surge is largely attributed to the growing middle-class population. Countries like Nigeria and South Africa lead the region in importing food products, with a particular preference for globally recognized protein ingredient brands.

Challenges from GM Soy Proteins

However, the reluctance of several African countries to adopt Genetically Modified (GM) soy proteins is a restraining factor in the Africa protein ingredients market. This reluctance is influenced by concerns about the potential impact on trade with countries, particularly in Europe, where GM imports are banned. The negative attitude towards GM crops found in Europe has had a strong influence on African politicians.

The Potential for a Protein Revolution

Africa is poised for a protein revolution, driven by its burgeoning population and increasing consumer demand for high-protein foods. According to the United Nations, more than half of global population growth between now and 2050 is projected to occur in Africa. As the continent's population is set to double to 2.4 billion, the demand for meat, milk, and eggs is expected to nearly quadruple by 2050, supported by rising living standards and a growing appetite for protein-rich foods.

Profiled Market Leaders

The report profiles key companies operating in the Africa protein ingredients market, including Kerry, Clover Fonterra Ingredients, Archer Daniels Midland Company, Cargill Incorporated, and Dupont. These market players are at the forefront of catering to the growing demand for protein ingredients in the region.

The Path Ahead

The Africa protein ingredients market is witnessing transformative growth, propelled by consumer dietary awareness, increased demand for protein-based foods, and the region's unique demographic landscape. Despite challenges posed by GM soy proteins, the market is poised for substantial expansion, making it an attractive sector for investors and industry players.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Africa Protein Ingredients Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Africa Protein Ingredients Market

Chapter 4. Africa Protein Ingredients Market by Source

4.1. Plant

4.1.1. Soy

4.1.2. Wheat

4.1.3. Vegetable

4.2. Animal

4.2.1. Dairy

4.2.2. Egg

4.2.3. Gelatin

Chapter 5. Africa Protein Ingredients Market by Form

5.1. Dry

5.2. Liquid

Chapter 6. Africa Protein Ingredients Market by Application

6.1. Food & Beverages

6.2. Feed

6.3. Pharmaceuticals

6.4. Cosmetics & Personal Care Products

Chapter 7. Africa Protein Ingredients Market by Country

7.1 Introduction

7.1.1 South Africa

7.1.2 Egypt

7.1.3 Nigeria

7.1.4 Rest of Africa

Chapter 8. Company Profiling

8.1 Competitive Landscape in Protein Ingredients Market

8.1.1 Competitive Landscape

8.2 Company Profiles

8.2.1 Archer Daniels Midland Company

8.2.1.1 Company Overview

8.2.1.2 Financial Snapshot

8.2.1.3 Product Portfolio

8.2.2 Cargill, Incorporated

8.2.2.1 Overview

8.2.2.2 Company Snapshot

8.2.2.3 Financial Snapshot

8.2.2.4 Product Portfolio

8.2.3 Kerry

8.2.3.1 Overview

8.2.3.2 Company Snapshot

8.2.3.3 Financial Snapshot

8.2.3.4 Product Portfolio

8.2.4 Clover Fonterra Ingredients

8.2.4.1 Overview

8.2.4.2 Company Snapshot

8.2.4.3 Product Portfolio

8.2.5 DuPont

8.2.5.1 Overview

8.2.5.2 Company Overview

8.2.5.3 Financial Snapshot

8.2.5.4 Product Portfolio

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/africa/enquiry/18757

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Africa protein ingredients.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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