Emerging Trends to Drive Canola Protein Market Growth at 10.1% CAGR Through 2029

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Canola Protein Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, there has been significant growth in the canola protein market. This market is projected to increase from $2.63 billion in 2024 to $2.89 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The historical growth can be credited to several factors. People who are mindful of their health have been showing a growing preference for proteins derived from plants, which has increased the demand for canola. Its rich protein content has also led to an increase in the use of canola in livestock feed. Canola oil's increasing popularity as a healthier alternative to regular cooking oil has led to an overall increase in canola production. People are also becoming more aware of the benefits of environmentally sustainable practices and crop rotation with canola. There has been an increase in research and development efforts aimed at bettering the protein content and quality of oil in canola.

How Will the Canola Protein Market Size Evolve and Grow by 2029?
In the coming years, the market for canola protein is projected to experience substantial growth, with its value predicted to rise to $4.24 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 10.1%. This growth in the forecast period can be linked to influential factors such as the swelling global populace and the corresponding rise in demand for food, notably plant-based proteins. The prevailing move towards vegan and vegetarian lifestyles is also encouraging the need for plant protein substitutes, like canola. Additionally, the escalating commitment in biotechnology to develop superior canola variants with increased protein output, the burgeoning consumer inclination for clean-label products that includes responsibly sourced proteins, and government advocacy and subsidies for sustainable farming, favoring canola fertilization, contribute to this growth. Notable trends during the forecast period include the transition to sustainable and organic farming methods for canola cultivation, the increased usage of canola proteins in functional foods and supplements, novel advancements in processing technologies enhancing protein extraction efficiency, the upsurge in partnerships between food manufacturers and farmers to stabilize canola protein sources, and the burgeoning presence of canola protein-based ingredients within the food industry for products like meat substitutes and dairy alternatives.

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What Drivers Are Propelling the Growth of Canola Protein Market Forward?
The surge in consumer demand for plant-derived protein products, such as legumes, grains, nuts, and seeds, is anticipated to boost the canola protein market's expansion. As individuals become more mindful of their health and the environment, they are increasingly shifting towards plant-based proteins, particularly in evolved markets. Proteins derived from plants like canola, lauded for their nutritional qualities and reduced environmental footprint, are winning favor among food producers and consumers. For example, Albert Heijn, a Dutch grocery chain based in the Netherlands, revealed in a report in April 2024 that 44.1% of the proteins they sold in 2023 were plant-based, a rise from 42.6% in 2022. Hence, this mounting consumer preference for plant-based protein products is stimulating the canola protein market's growth.

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What Are the Key Trends Driving Canola Protein Market Growth?
Leading firms in the canola protein market are concentrating on tech advancements such as canola protein isolate to achieve a competitive edge. This high-purity, plant-derived protein ingredient from canola seeds provides superior flavor, nutrition, and usability. For example, in May 2024, Burcon NutraScience, a plant-based protein development firm located in Canada, introduced their high-purity canola protein isolate product. The product has over 90% protein purity, a complete amino acid structure, and outstanding solubility, making it suitable for a range of food and beverage uses. This innovation responds to the growing demand for eco-friendly, plant-based protein substitutes that tick the boxes of both usability and flavor. However, hurdles such as production scalability and market acceptance still exist as companies grapple with the intricacies of evolving consumer tastes and regulatory conditions.

What Are the Key Segments in the Canola Protein Market?
The canola protein market 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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Who Are the Key Players Shaping the Canola Protein Market's Competitive Landscape?
Major companies operating in the canola protein market are Archer Daniels Midland Company, Wilmar International Limited, bun*ge 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

What Geographic Markets Are Powering Growth in the Canola Protein Market?
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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