Global Canola Protein Market Projected to Grow at 10.2% CAGR, Reaching $4.3 Billion by 2029

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What Will the Canola Protein Industry Market Size Be by 2025?
In recent times, the canola protein market has witnessed significant growth. It is anticipated to expand from a valuation of $2.63 billion in 2024 to $2.91 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.5%. This growth during the historic period is linked to several factors including the amplified demand for plant-based protein from health-oriented consumers, increased use of canola in animal feed due to its high-protein nature, escalating popularity of canola oil as a healthier substitute for cooking oil, and enhanced canola production overall. Additionally, heightened awareness about sustainability and the crop rotation advantages with canola, as well as amplified research into canola breeding for superior protein content and oil quality have contributed to this growth.

What's the Long-Term Growth Forecast for the Canola Protein Market Size Through 2029?
The market for canola protein is poised for rapid expansion in the coming years, with projections estimating growth to $4.3 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.3%. This predicted growth during the forecast period can be linked to a few key factors such as the increasing global population which rises the demand for food including plant-based proteins, the emerging trend of veganism and vegetarianism that fuels the need for plant protein alternatives, amplified investment in biotechnology to enhance canola varieties for improved protein output, growing consumer inclination towards clean-label products inclusive of enviornmentally sustainable proteins, and government encouragement and aid towards eco-friendly agriculture, thus advancing canola farming. Major trends predicted during this period consist of a pivot towards sustainable and organic farming techniques in canola cultivation, the rise in the application of canola protein in functional foods and dietary supplements, breakthroughs in processing technology aimed at optimizing protein extraction efficiency, escalating partnerships between food manufacturing companies and agricultural producers to ensure sustainable sourcing of canola protein, and the thriving market for canola protein-based components in the food industry, like substitutes for meat and dairy.

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What Are the Key Growth Drivers Fueling the Canola Protein Market Expansion?
The canola protein market is expected to undergo significant growth due to escalating demand for plant-based protein products. Such proteins originate from plant sources -- including legumes, grains, nuts, and seeds -- and offer an alternative to animal-sourced proteins in dietary and food product applications. With increasing health awareness and environmental consciousness, consumers are turning to substitutes for animal-based proteins, particularly in advanced economies. Plant-derived proteins, like canola, recognized for their dietary benefits and reduced environmental footprint, are breaking ground among food producers and end customers. For example, per Albert Heijn's report in April 2024, the Dutch supermarket chain based in the Netherlands stated that in 2023, 44.1% of their sold proteins were plant-based, showing a progression from 42.6% in 2022. Hence, the uptick in demand for plant-based protein products is fueling the canola protein market's growth.

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What Are the Key Trends Driving Canola Protein Market Growth?
Leading companies in the canola protein market are concentrating on technological advancements, like canola protein isolate, in order to maintain a competitive edge. Derived from canola seeds, canola protein isolate is a high-quality, plant-based protein ingredient known for its superior taste, nutritional value, and functional benefits. For example, Burcon NutraScience, a plant-based protein development firm in Canada, unveiled a highly purified canola protein isolate in May 2024. This product boasts more than 90% protein purity, a comprehensive amino acid composition, and remarkable solubility, making it suitable for a range of food and beverage uses. This progress meets the growing demand for sustainable, plant-derived protein substitutes that deliver both functionality and flavor. However, obstacles such as production scalability and market adoption persist as companies grapple with evolving consumer tastes and regulatory landscapes.

How Is the Canola Protein Market Segmented?
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 Companies Are Leading the Charge in Canola Protein Market Innovation?
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

Which Regions Are Leading the Global Canola Protein Market in Revenue?
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.

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