Africa Plant Protein Ingredients Market Analysis
The Africa Plant Protein Ingredients Market size is estimated at 1.4 billion USD in 2025, and is expected to reach 1.78 billion USD by 2030, growing at a CAGR of 4.86% during the forecast period (2025-2030).
The African plant protein ingredients market is experiencing significant transformation driven by changing consumer preferences and health consciousness. The region's growing awareness of nutritional needs has led to increased acceptance of alternative protein options, particularly among younger generations. This shift is evidenced by recent consumer behavior studies showing that four out of five Gen Z and millennials in Nigeria are highly likely to try plant-based protein ingredients. The market is also benefiting from the rising prevalence of dietary restrictions, with approximately 81% of South Africa's population being lactose intolerant as of 2022, creating a substantial consumer base for alternative protein options.
The market is witnessing substantial innovation and product development across various applications. Major international brands are recognizing Africa's potential, as demonstrated by Rihanna's launch of Fenty Beauty and Fenty Skin products in multiple African countries, including Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia, and Zimbabwe in 2023. In the personal care sector, nearly 23% of makeup products consumed in South Africa were natural protein ingredients and anti-aging products in 2023, indicating a growing preference for plant-based ingredients in beauty products.
The industry is addressing critical nutritional challenges across the continent through protein ingredients solutions. The significance of this approach is underscored by the current malnutrition statistics, with approximately 1.82 million people in Kenya, 17 million in Nigeria, and 1.5 million in South Africa suffering from severe malnutrition. Manufacturers are responding by developing fortified products and innovative plant protein ingredients formulations that can help address these nutritional deficiencies while maintaining affordability and accessibility.
The market is characterized by increasing product diversification and technological advancement in processing methods. Companies are investing in research and development to improve the functionality and nutritional profile of protein ingredients, particularly in applications such as meat alternatives and dairy substitutes. This trend is supported by growing consumer acceptance, with about 66% of South African consumers expressing a preference for plant-based options. Manufacturers are focusing on developing products that not only meet nutritional requirements but also satisfy local taste preferences and cultural considerations, leading to more regionalized product offerings and formulations.
Africa Plant Protein Ingredients Market Trends
Plant protein consumption to grow steadily, with countries like Kenya and Nigeria seeing more inclination toward plant-based food
- The graph depicts the per capita consumption of plant protein for the whole of Africa. Manufacturers in the region constantly embrace open innovation to gain cost leadership and fixed suppliers in the early development stage. Plant ingredients in sports nutrition products constitute the major share of the market by application, followed by animal feed. Changing consumer lifestyles and rising healthcare costs are playing a vital role in the growth of the plant protein market. Health expenditure in Sub-Saharan Africa rose by 29.98% in 2019. The market is expanding at an accelerated rate due to the retail industry's thriving growth. Increased consumer demand for clear labeling drives the need for plant proteins, which also offer ease of digestion, no allergens, and sustainability.
- The rising demand for plant-based proteins in the country has urged key market players to provide ingredients to cater to the rising demand. In countries like Kenya, nearly 80% of millennial consumers are likely to try a plant-based protein. In Nigeria, 76% of consumers lean toward plant-based food. The high level of acceptance of plant-based products provides an opportunity to minimize dependence on traditional meat, enhancing outcomes for public health, the environment, and animal welfare.
- To combat preventable conditions such as obesity, health awareness among consumers is becoming more widespread, and people are increasingly turning to plants. The region's demand for vegan and vegetarian food has increased due to consumers' growing awareness about the health benefits of consuming plant-based foods, leading to the establishment of food service outlets featuring vegan options. In 2020, South Africa saw a 71% spike in vegan takeaway orders, making it the continent's top seller.
Soy, wheat, and pea production contributes majorly as raw material for plant protein ingredients manufacturers
- The graph depicts the production of dry peas, rice, soybeans, and wheat for the whole of Africa. African producers supply less than 1% of the world's soybeans. South Africa, Nigeria, and Zambia are the top three soybean producers in Africa. Soybean production in South Africa increased from 742,000 tons in 2016 to 1,245,500 tons in 2020. Commercial soybean production on large farms takes place in Zambia, Zimbabwe, and South Africa. However, it is mostly cultivated by small-scale farmers in other parts of Africa, where it is planted as a minor food crop among sorghum, maize, or cassava.
- Nigeria's six-year production (2016-2021) of soybean average was 454,600 tons, which was 25% of the continent's production. Zambia's three-year average was 10.4 million bushels, which was around 10% of the continent's production. The other 21 countries, where data are available, produced 25% of Africa's total soybean production. The average national production was 4,026,969 bushels, and the smallest producer was Madagascar, whose three-year production average was 1,470 bushels.
- Traditionally, wheat was not the leading staple crop in Africa. It is becoming an important food crop because of rapid population growth associated with changes in food preference for easy and fast food, such as bread. Africa produced around 30.4 million metric tons of wheat in the trading year 2021, compared to 26.6 million metric tons in 2017. In 2013, total wheat consumption in Sub-Saharan Africa reached 25 million tons, with imports amounting to 17.5 million tons at USD 6 billion. During the same period, the region produced only 7.3 million tons on a total area of 2.9 million ha. The region's low productivity (2t/ha) is principally because of abiotic and biotic stresses.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Key players are expected to focus more on the African market
- Functional beverages are expected to support market growth
- The unavailability of a popular sauce may hamper the industry's growth
- Dairy alternatives are influencing the demand
- Technological adoption is driving the industry
- The growing healthy snacking has been a boost to the sector
- Animal feed is an underdeveloped business with high growth potential
- Increasing women's employment, leading to immense growth opportunities, drives the segment
- The higher sugar content in breakfast cereals is a major threat to segment growth
- Rising at-home consumption of confectionery products to boost the market
- A growing number of elderly population and increased risk of chronic diseases and disabilities are driving the market
- The industry is thriving due to increased promotional activities
- The expanding consumer base may benefit the sports supplements market
- Growing trend of skin health maintenance and improved product offerings in the region lead the demand in the segment
Segment Analysis: Protein Type
Soy Protein Segment in Africa Plant Protein Ingredients Market
The soy protein ingredients segment maintains its dominant position in the African plant protein ingredients market, commanding approximately 70% market share in 2024. This substantial market leadership is attributed to the lower cost of soy protein ingredients compared to other plant protein ingredients, being priced about 50% lower due to high domestic production in South Africa, Nigeria, and Zambia, the top three soybean producers on the African continent. The segment's prominence is particularly evident in the animal feed sector, where it serves as a highly palatable protein source extensively used in most farm animal feeds, including ruminants, pigs, poultry, and aquaculture. In the food and beverage industry, soy protein isolate remains the most consumed form due to its excellent dispersibility, stability, mouthfeel, and viscosity, driving its widespread application in beverages, including RTD, powdered, and spray-dried products.

Pea Protein Segment in Africa Plant Protein Ingredients Market
The pea protein ingredients segment is projected to exhibit the strongest growth trajectory, with an anticipated CAGR of approximately 9% during 2024-2029. This remarkable growth is driven by the unique properties of pea protein ingredients, including an amino acid profile similar to meat and hypoallergenic qualities that distinguish it from mainstream protein sources. The segment's expansion is particularly notable in the sports and fitness nutrition industry, where isolated pea proteins are gaining significant traction. The rising participation in fitness clubs across Africa is fueling this growth, with pea protein ingredients being increasingly incorporated into nutritious energy powders and tablets due to their ability to improve blood sugar control. Additionally, its versatility in meat alternatives and dairy-free applications is attracting manufacturers who appreciate its quick rehydration, neutral flavor, and superior texturizing abilities.
Remaining Segments in Protein Type
The other protein segments, including wheat, rice, hemp, and potato proteins, each contribute uniquely to the African plant protein market. Wheat protein has established itself as a crucial ingredient in the animal feed and bakery sectors due to its excellent binding properties and water insolubility. Rice protein has gained traction as an allergen-free alternative, particularly suitable for the region's gluten- and lactose-intolerant consumers. Hemp protein has carved out a niche in the health food sector due to its complete amino acid profile and digestibility benefits. Potato protein, while currently holding a smaller market share, is finding applications in specialized meat alternative products due to its high-quality and allergy-free characteristics. These segments collectively provide manufacturers with diverse options to meet varying consumer needs and preferences across different applications.
Segment Analysis: End User
Food & Beverages Segment in Africa Plant Protein Market
The Food & Beverages (F&B) segment dominates the African plant protein market, commanding approximately 52% market share in 2024. This significant market position is primarily driven by the increasing applications of protein isolates and protein concentrates in meat alternatives and dairy alternatives sub-segments. The segment's growth is further supported by changing consumer perceptions and preferences, particularly in South Africa, where around 67% of consumers have shown high interest in trying plant-based products. The meat and meat alternatives sub-segment leads within F&B, accounting for nearly 32% of the segment value, followed by dairy and dairy alternatives as the second-largest application area. The rising number of lactose-intolerant consumers in the region, estimated at 60-70%, has been a key factor driving the adoption of plant protein ingredients in dairy alternative products.
Supplements Segment in Africa Plant Protein Market
The supplements segment is projected to exhibit the strongest growth trajectory in the African plant protein market, with an expected CAGR of approximately 5% during 2024-2029. This growth is primarily driven by the rising demand for natural ingredients and protein-enriched products across various applications, including sports nutrition, baby food, and elderly nutrition. The segment's expansion is particularly notable in South Africa, where over 2.26 million people are registered with health and fitness clubs, creating a substantial consumer base for sports nutrition supplements. The increasing awareness about health and wellness, coupled with the growing acceptance of plant-based protein supplements among fitness enthusiasts, is further accelerating segment growth. Additionally, the rising prevalence of milk allergies and lactose intolerance in the region is boosting the demand for plant-based protein supplements in infant nutrition.
Remaining Segments in End User Segmentation
The animal feed and personal care & cosmetics segments represent significant opportunities in the African plant protein market. The animal feed segment maintains a strong position due to the cost-effectiveness of plant proteins, particularly soy and wheat proteins, which offer excellent digestibility and neutral flavor profiles. The personal care and cosmetics segment is gaining traction with the increasing demand for natural and vegan beauty products. This growth is supported by expanding distribution channels, particularly in e-commerce, and rising consumer awareness about plant-based ingredients in personal care products. Both segments benefit from ongoing innovations in product formulations and increasing consumer preference for sustainable and natural ingredients.
Africa Plant Protein Ingredients Market Geography Segment Analysis
Plant Protein Market in Nigeria
Nigeria dominates the African plant protein market, commanding approximately 20% of the regional market value in 2024. The country's market leadership is driven by its robust agricultural sector, particularly in soybean production, where it contributes about 25% of the continent's total production. The growing acceptance of plant-based protein ingredients among younger demographics has been particularly noteworthy, with four out of five Gen Z and millennials showing a high likelihood of trying alternative protein products. The country's market is experiencing a significant transformation in consumer preferences, with 76% of consumers increasingly leaning toward plant-based food options. This shift is particularly evident in urban areas where health consciousness and environmental awareness are driving factors. The market is further strengthened by the country's expanding food processing industry and increasing investments in protein ingredients-enriched product development. Nigeria's strategic focus on reducing meat consumption, which dropped by 66% in 2021, has created additional opportunities for meat alternative ingredients manufacturers. The market is also benefiting from the country's efforts to increase domestic soybean production, projected to reach 1.35 million metric tons during 2022-2023, establishing a strong raw material base for plant protein production.
Plant Protein Market in South Africa
South Africa's plant protein market demonstrates robust fundamentals, particularly driven by its well-developed food processing industry and sophisticated retail infrastructure. The country's market is characterized by strong consumer awareness and acceptance of plant-based protein ingredients, with approximately 67% of consumers expressing a high likelihood of trying alternative protein products. The market's growth is particularly evident in the retail sector, where major supermarket chains are expanding their plant protein offerings. South Africa's plant protein industry benefits from its advanced agricultural sector, particularly in soybean cultivation, which supports domestic production capabilities. The country's market is also shaped by changing dietary preferences, with about 28.3% of the population being obese, driving demand for healthier protein alternatives. The presence of international manufacturers and strong distribution networks has facilitated greater market penetration, especially in urban areas. The country's focus on food security and nutrition has led to increased incorporation of protein ingredients in various food products, particularly in the bakery and meat alternative segments. The market also benefits from the country's position as a regional hub for food innovation and manufacturing.
Plant Protein Market in Kenya
Kenya's plant protein market is experiencing significant transformation, driven by increasing health consciousness and changing dietary preferences. The country stands out in the African market with nearly 80% of millennial consumers showing a willingness to try plant-based protein products, indicating a strong potential for market expansion. The market is particularly dynamic in urban areas, where awareness of plant-based alternatives is growing rapidly. Kenya's strategic position in East Africa makes it a crucial market for plant protein manufacturers, with several international companies establishing a presence to tap into the growing demand. The country's robust agricultural sector provides a strong foundation for plant protein production, though currently focused more on traditional crops. The market is witnessing increased innovation in product development, particularly in fortified foods addressing malnutrition concerns. The growing middle class and urbanization are creating new opportunities for plant protein products, especially in the ready-to-eat and convenience food segments. The market also benefits from Kenya's progressive food retail sector and growing health food industry.
Plant Protein Market in Egypt
Egypt's plant protein market is characterized by its unique blend of traditional dietary preferences and modern nutritional trends. The country's large population and growing health consciousness create significant opportunities for plant protein manufacturers. Egypt's market is particularly strong in the sports nutrition segment, with the country having one of the highest rates of health and fitness club membership in Africa, reaching 1.1 million members. The market benefits from Egypt's well-established food processing industry and strong distribution networks. Local manufacturers are increasingly incorporating plant proteins into traditional Egyptian food products, creating a unique market niche. The country's strategic location and trade relationships facilitate both import and export opportunities for plant protein products. The market is seeing increased innovation in product development, particularly in dairy alternatives and fortified foods. Egypt's growing urban population and rising disposable incomes are driving demand for premium plant protein products, especially in major cities like Cairo and Alexandria.
Plant Protein Market in Other Countries
The plant protein market in other African countries shows diverse growth patterns and opportunities. Countries like Uganda, Algeria, Botswana, Zimbabwe, and Ghana are emerging as significant markets with unique characteristics and growth drivers. These markets are primarily driven by increasing health consciousness, growing urbanization, and rising awareness of plant-based alternatives. The development of local food processing industries and improving distribution networks are creating new opportunities for plant protein products. Many of these countries are witnessing growing interest from international manufacturers looking to establish a presence in emerging markets. The markets are characterized by increasing consumer awareness of the health benefits associated with plant proteins and growing demand for fortified food products. Local agricultural production in these countries provides opportunities for domestic plant protein manufacturing, though at varying scales. The markets are also benefiting from regional trade agreements and improving infrastructure, facilitating better distribution and market access.
Africa Plant Protein Ingredients Industry Overview
Top Companies in Africa Plant Protein Ingredients Market
The market is characterized by companies focusing heavily on product innovation and strategic expansion initiatives. Key players are investing in research and development to introduce clean-label protein ingredients and enhance their plant-based protein ingredients portfolios, particularly in soy and pea protein segments. Companies are strengthening their regional presence through distribution partnerships and establishing local manufacturing facilities to better serve the African market. Operational agility is demonstrated through investments in technology and production capabilities, with many players developing specialized protein ingredients solutions for specific applications in food, beverages, and animal feed. Strategic moves include joint ventures and collaborations with local partners to navigate regional markets effectively, while expansion strategies focus on establishing new sales offices and distribution networks across different African countries.
Fragmented Market with Growing Global Interest
The African plant protein ingredients market exhibits a highly fragmented structure with a mix of global conglomerates and regional specialists. Major international players like International Flavors & Fragrances Inc., Kerry Group PLC, and Cargill Incorporated maintain a significant presence through their established distribution networks and comprehensive product portfolios. Regional players like Amesi Group have carved out niches by leveraging their understanding of local market dynamics and maintaining strong relationships with regional customers. The market has witnessed increased consolidation through strategic mergers and acquisitions, as exemplified by the merger between DuPont's Nutrition & Biosciences and IFF.
The competitive landscape is evolving with increased participation from global ingredients companies seeking to establish stronger footholds in the African market. Companies are pursuing vertical integration strategies to secure raw material supply chains and enhance production capabilities. Local players are increasingly partnering with international companies to access advanced technologies and expand their product offerings. The market is seeing a gradual shift from purely transactional relationships to more strategic partnerships between suppliers and end-users, particularly in the food and beverage sector.
Innovation and Localization Drive Future Success
Success in the African plant protein ingredients market increasingly depends on companies' ability to develop innovative solutions while maintaining cost competitiveness. Market leaders are focusing on developing application-specific protein ingredients solutions that address local dietary preferences and nutritional needs. Companies are investing in sustainable sourcing practices and establishing local procurement networks to ensure supply chain reliability. The ability to offer technical support and application expertise to local food manufacturers is becoming increasingly important for maintaining market position. Players are also developing strategies to address the growing demand for clean-label and naturally sourced natural protein ingredients.
Future growth opportunities lie in developing cost-effective protein solutions that can meet the region's price sensitivity while maintaining quality standards. Companies need to establish strong distribution networks and local presence to effectively serve diverse African markets. Success factors include the ability to navigate regulatory requirements across different African countries and maintain compliance with international quality standards. Players must also address the challenge of substitution from traditional protein sources by demonstrating the value proposition of plant-based alternatives. Building relationships with local agricultural communities and investing in farmer education programs are becoming crucial for securing raw material supply and ensuring sustainable growth.
Africa Plant Protein Ingredients Market Leaders
-
Amesi Group
-
Cargill Incorporated
-
International Flavors & Fragrances Inc.
-
Kerry Group PLC
-
Wilmar International Ltd
- *Disclaimer: Major Players sorted in no particular order
Africa Plant Protein Ingredients Market News
- June 2021: Axiom Foods launched a new pea protein, made from Pisum sativum yellow peas, that is majorly used as a meat replacement and a meat extender. It reduces the cost of nuggets, patties, and meatballs while adding nutritional content, protein, and juiciness.
- February 2021: DuPont's Nutrition & Biosciences and the ingredient company IFF announced their merger in 2021. The combined company will continue to operate under the name IFF. The complementary portfolios give the company leadership positions within a range of ingredients, including soy protein.
- January 2021: Kerry introduced Radicle Solution Finder, a web-based tool that provides clients with real-time information on plant-based formulations. It is accessible on any device with a web browser and can assist in developing new goods for the rapidly growing plant-based market.
Free With This Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the protein industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption of animal and plant protein, end-user market volume, and production data of raw materials for protein ingredients, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on protein sources, protein types, forms, end-user segments, etc., are available in the form of comprehensive reports as well as Excel-based data worksheets.
Africa Plant Protein Ingredients Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study​
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
-
3.1 End User Market Volume
- 3.1.1 Baby Food and Infant Formula
- 3.1.2 Bakery
- 3.1.3 Beverages
- 3.1.4 Breakfast Cereals
- 3.1.5 Condiments/Sauces
- 3.1.6 Confectionery
- 3.1.7 Dairy and Dairy Alternative Products
- 3.1.8 Elderly Nutrition and Medical Nutrition
- 3.1.9 Meat/Poultry/Seafood and Meat Alternative Products
- 3.1.10 RTE/RTC Food Products
- 3.1.11 Snacks
- 3.1.12 Sport/Performance Nutrition
- 3.1.13 Animal Feed
- 3.1.14 Personal Care and Cosmetics
-
3.2 Protein Consumption Trends
- 3.2.1 Plant
-
3.3 Production Trends
- 3.3.1 Plant
-
3.4 Regulatory Framework
- 3.4.1 South Africa
- 3.5 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
4.1 Protein Type
- 4.1.1 Hemp Protein
- 4.1.2 Pea Protein
- 4.1.3 Potato Protein
- 4.1.4 Rice Protein
- 4.1.5 Soy Protein
- 4.1.6 Wheat Protein
- 4.1.7 Other Plant Protein
-
4.2 End User
- 4.2.1 Animal Feed
- 4.2.2 Food and Beverages
- 4.2.2.1 By Sub End User
- 4.2.2.1.1 Bakery
- 4.2.2.1.2 Beverages
- 4.2.2.1.3 Breakfast Cereals
- 4.2.2.1.4 Condiments/Sauces
- 4.2.2.1.5 Confectionery
- 4.2.2.1.6 Dairy and Dairy Alternative Products
- 4.2.2.1.7 Meat/Poultry/Seafood and Meat Alternative Products
- 4.2.2.1.8 RTE/RTC Food Products
- 4.2.2.1.9 Snacks
- 4.2.3 Personal Care and Cosmetics
- 4.2.4 Supplements
- 4.2.4.1 By Sub End User
- 4.2.4.1.1 Baby Food and Infant Formula
- 4.2.4.1.2 Elderly Nutrition and Medical Nutrition
- 4.2.4.1.3 Sport/Performance Nutrition
-
4.3 Country
- 4.3.1 Nigeria
- 4.3.2 South Africa
- 4.3.3 Rest of Africa
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
-
5.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 5.4.1 A. Costantino & C. SpA
- 5.4.2 Amesi Group
- 5.4.3 Axiom Foods Inc.
- 5.4.4 Cargill Incorporated
- 5.4.5 International Flavors & Fragrances Inc.
- 5.4.6 Kerry Group PLC
- 5.4.7 Wilmar International Ltd
6. KEY STRATEGIC QUESTIONS FOR PROTEIN INGREDIENTS INDUSTRY CEOS
7. APPENDIX
-
7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF BABY FOOD AND INFANT FORMULA MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 2:
- VOLUME OF BAKERY MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 3:
- VOLUME OF BEVERAGES MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 4:
- VOLUME OF BREAKFAST CEREALS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 5:
- VOLUME OF CONDIMENTS/SAUCES MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 6:
- VOLUME OF CONFECTIONERY MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 7:
- VOLUME OF DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 8:
- VOLUME OF ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 9:
- VOLUME OF MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 10:
- VOLUME OF RTE/RTC FOOD PRODUCTS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 11:
- VOLUME OF SNACKS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 12:
- VOLUME OF SPORT/PERFORMANCE NUTRITION MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 13:
- VOLUME OF ANIMAL FEED MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 14:
- VOLUME OF PERSONAL CARE AND COSMETICS MARKET, METRIC TON, AFRICA, 2017 - 2029
- Figure 15:
- AVERAGE PER CAPITA CONSUMPTION OF PLANT PROTEIN, GRAM PER DAY, AFRICA, 2017 - 2029
- Figure 16:
- PLANT PROTEIN RAW MATERIALS PRODUCTION, METRIC TON, AFRICA, 2017 - 2022
- Figure 17:
- VOLUME OF PLANT PROTEIN MARKET, TONNES, AFRICA, 2017 - 2029
- Figure 18:
- VALUE OF PLANT PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 19:
- VOLUME OF PLANT PROTEIN MARKET BY PROTEIN TYPE, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 20:
- VALUE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, USD, AFRICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 22:
- VOLUME SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 23:
- VOLUME OF HEMP PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 24:
- VALUE OF HEMP PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF HEMP PROTEIN MARKET BY END USER, % HEMP PROTEIN , AFRICA, 2022 VS 2029
- Figure 26:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 27:
- VALUE OF PEA PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % PEA PROTEIN , AFRICA, 2022 VS 2029
- Figure 29:
- VOLUME OF POTATO PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 30:
- VALUE OF POTATO PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF POTATO PROTEIN MARKET BY END USER, % POTATO PROTEIN , AFRICA, 2022 VS 2029
- Figure 32:
- VOLUME OF RICE PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 33:
- VALUE OF RICE PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF RICE PROTEIN MARKET BY END USER, % RICE PROTEIN , AFRICA, 2022 VS 2029
- Figure 35:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 36:
- VALUE OF SOY PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % SOY PROTEIN , AFRICA, 2022 VS 2029
- Figure 38:
- VOLUME OF WHEAT PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 39:
- VALUE OF WHEAT PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF WHEAT PROTEIN MARKET BY END USER, % WHEAT PROTEIN , AFRICA, 2022 VS 2029
- Figure 41:
- VOLUME OF OTHER PLANT PROTEIN MARKET, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 42:
- VALUE OF OTHER PLANT PROTEIN MARKET, USD, AFRICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF OTHER PLANT PROTEIN MARKET BY END USER, % OTHER PLANT PROTEIN , AFRICA, 2022 VS 2029
- Figure 44:
- VOLUME OF PLANT PROTEIN MARKET BY END USER, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 45:
- VALUE OF PLANT PROTEIN MARKET BY END USER, USD, AFRICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF PLANT PROTEIN MARKET BY END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 47:
- VOLUME SHARE OF PLANT PROTEIN MARKET BY END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 48:
- VOLUME OF PLANT PROTEIN MARKET, ANIMAL FEED, AFRICA, 2017 - 2029
- Figure 49:
- VALUE OF PLANT PROTEIN MARKET, ANIMAL FEED, AFRICA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % ANIMAL FEED , AFRICA, 2022 VS 2029
- Figure 51:
- VOLUME OF PLANT PROTEIN MARKET, FOOD AND BEVERAGES END USER, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 52:
- VALUE OF PLANT PROTEIN MARKET, FOOD AND BEVERAGES END USER, USD, AFRICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF PLANT PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 54:
- VOLUME SHARE OF PLANT PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 55:
- VOLUME OF PLANT PROTEIN MARKET, BAKERY, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 56:
- VALUE OF PLANT PROTEIN MARKET, BAKERY, USD, AFRICA, 2017 - 2029
- Figure 57:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BAKERY , AFRICA, 2022 VS 2029
- Figure 58:
- VOLUME OF PLANT PROTEIN MARKET, BEVERAGES, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 59:
- VALUE OF PLANT PROTEIN MARKET, BEVERAGES, USD, AFRICA, 2017 - 2029
- Figure 60:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BEVERAGES , AFRICA, 2022 VS 2029
- Figure 61:
- VOLUME OF PLANT PROTEIN MARKET, BREAKFAST CEREALS, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 62:
- VALUE OF PLANT PROTEIN MARKET, BREAKFAST CEREALS, USD, AFRICA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BREAKFAST CEREALS , AFRICA, 2022 VS 2029
- Figure 64:
- VOLUME OF PLANT PROTEIN MARKET, CONDIMENTS/SAUCES, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 65:
- VALUE OF PLANT PROTEIN MARKET, CONDIMENTS/SAUCES, USD, AFRICA, 2017 - 2029
- Figure 66:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % CONDIMENTS/SAUCES , AFRICA, 2022 VS 2029
- Figure 67:
- VOLUME OF PLANT PROTEIN MARKET, CONFECTIONERY, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 68:
- VALUE OF PLANT PROTEIN MARKET, CONFECTIONERY, USD, AFRICA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % CONFECTIONERY , AFRICA, 2022 VS 2029
- Figure 70:
- VOLUME OF PLANT PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 71:
- VALUE OF PLANT PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, USD, AFRICA, 2017 - 2029
- Figure 72:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % DAIRY AND DAIRY ALTERNATIVE PRODUCTS , AFRICA, 2022 VS 2029
- Figure 73:
- VOLUME OF PLANT PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 74:
- VALUE OF PLANT PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, USD, AFRICA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS , AFRICA, 2022 VS 2029
- Figure 76:
- VOLUME OF PLANT PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 77:
- VALUE OF PLANT PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, USD, AFRICA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % RTE/RTC FOOD PRODUCTS , AFRICA, 2022 VS 2029
- Figure 79:
- VOLUME OF PLANT PROTEIN MARKET, SNACKS, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 80:
- VALUE OF PLANT PROTEIN MARKET, SNACKS, USD, AFRICA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % SNACKS , AFRICA, 2022 VS 2029
- Figure 82:
- VOLUME OF PLANT PROTEIN MARKET, PERSONAL CARE AND COSMETICS, AFRICA, 2017 - 2029
- Figure 83:
- VALUE OF PLANT PROTEIN MARKET, PERSONAL CARE AND COSMETICS, AFRICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % PERSONAL CARE AND COSMETICS , AFRICA, 2022 VS 2029
- Figure 85:
- VOLUME OF PLANT PROTEIN MARKET, SUPPLEMENTS END USER, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 86:
- VALUE OF PLANT PROTEIN MARKET, SUPPLEMENTS END USER, USD, AFRICA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF PLANT PROTEIN MARKET BY SUPPLEMENTS END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 88:
- VOLUME SHARE OF PLANT PROTEIN MARKET BY SUPPLEMENTS END USER, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 89:
- VOLUME OF PLANT PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 90:
- VALUE OF PLANT PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, USD, AFRICA, 2017 - 2029
- Figure 91:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BABY FOOD AND INFANT FORMULA , AFRICA, 2022 VS 2029
- Figure 92:
- VOLUME OF PLANT PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 93:
- VALUE OF PLANT PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, USD, AFRICA, 2017 - 2029
- Figure 94:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % ELDERLY NUTRITION AND MEDICAL NUTRITION , AFRICA, 2022 VS 2029
- Figure 95:
- VOLUME OF PLANT PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 96:
- VALUE OF PLANT PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, USD, AFRICA, 2017 - 2029
- Figure 97:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % SPORT/PERFORMANCE NUTRITION , AFRICA, 2022 VS 2029
- Figure 98:
- VOLUME OF PLANT PROTEIN MARKET BY COUNTRY, METRIC TONNES, AFRICA, 2017 - 2029
- Figure 99:
- VALUE OF PLANT PROTEIN MARKET BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 100:
- VALUE SHARE OF PLANT PROTEIN MARKET BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 101:
- VOLUME SHARE OF PLANT PROTEIN MARKET BY COUNTRY, %, AFRICA, 2017 VS 2023 VS 2029
- Figure 102:
- VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, NIGERIA, 2017 - 2029
- Figure 103:
- VALUE OF PLANT PROTEIN MARKET, USD, NIGERIA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , NIGERIA, 2022 VS 2029
- Figure 105:
- VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, SOUTH AFRICA, 2017 - 2029
- Figure 106:
- VALUE OF PLANT PROTEIN MARKET, USD, SOUTH AFRICA, 2017 - 2029
- Figure 107:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , SOUTH AFRICA, 2022 VS 2029
- Figure 108:
- VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, REST OF AFRICA, 2017 - 2029
- Figure 109:
- VALUE OF PLANT PROTEIN MARKET, USD, REST OF AFRICA, 2017 - 2029
- Figure 110:
- VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , REST OF AFRICA, 2022 VS 2029
- Figure 111:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, AFRICA PLANT PROTEIN INGREDIENTS MARKET, 2017 - 2022
- Figure 112:
- MOST ADOPTED STRATEGIES, COUNT, AFRICA, 2017 - 2022
- Figure 113:
- VALUE SHARE OF MAJOR PLAYERS, %, AFRICA PLANT PROTEIN INGREDIENTS MARKET
Africa Plant Protein Ingredients Industry Segmentation
Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein are covered as segments by Protein Type. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Nigeria, South Africa are covered as segments by Country.Protein Type | Hemp Protein | |||
Pea Protein | ||||
Potato Protein | ||||
Rice Protein | ||||
Soy Protein | ||||
Wheat Protein | ||||
Other Plant Protein | ||||
End User | Animal Feed | |||
Food and Beverages | By Sub End User | Bakery | ||
Beverages | ||||
Breakfast Cereals | ||||
Condiments/Sauces | ||||
Confectionery | ||||
Dairy and Dairy Alternative Products | ||||
Meat/Poultry/Seafood and Meat Alternative Products | ||||
RTE/RTC Food Products | ||||
Snacks | ||||
Personal Care and Cosmetics | ||||
Supplements | By Sub End User | Baby Food and Infant Formula | ||
Elderly Nutrition and Medical Nutrition | ||||
Sport/Performance Nutrition | ||||
Country | Nigeria | |||
South Africa | ||||
Rest of Africa |
Market Definition
- End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
- Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
- Average Protein Content - Average protein content is the average protein content present per 100 g of product manufactured by all end-user companies considered under the scope of this report.
- End User Market Volume - End-user market volume is the consolidated volume of all types and forms of end-user products in the country or region.
Keyword | Definition |
---|---|
Alpha-lactalbumin (α-Lactalbumin) | It is a protein that regulates the production of lactose in the milk of almost all mammalian species. |
Amino acid | It is an organic compound that contains both amino and carboxylic acid functional groups, which are required for the synthesis of body protein and other important nitrogen-containing compounds, such as creatine, peptide hormones, and some neurotransmitters. |
Blanching | It is the process of briefly heating vegetables with steam or boiling water. |
BRC | British Retail Consortium |
Bread improver | It is a flour-based blend of several components with specific functional properties designed to modify dough characteristics and give quality attributes to bread. |
BSF | Black Soldier Fly |
Caseinate | It is a substance produced by adding an alkali to acid casein, a derivative of casein. |
Celiac disease | Celiac disease is an immune reaction to eating gluten, a protein found in wheat, barley, and rye. |
Colostrum | It is a milky fluid that’s released by mammals that have recently given birth before breast milk production begins. |
Concentrate | It is the least processed form of protein and has a protein content ranging from 40-90% by weight. |
Dry protein basis | It refers to the percentage of "pure protein" present in a supplement after the water in it is completely removed through heat. |
Dry whey | It is the product resulting from drying fresh whey which has been pasteurized and to which nothing has been added as a preservative. |
Egg protein | It is a mixture of individual proteins, including ovalbumin, ovomucoid, ovoglobulin, conalbumin, vitellin, and vitellenin. |
Emulsifier | It is a food additive that facilitates the blending of foods that are immiscible with one another, such as oil and water. |
Enrichment | It is the process of addition of micronutrients that are lost during the processing of the product. |
ERS | Economic Research Service of the USDA |
Extrusion | It is the process of forcing soft mixed ingredients through an opening in a perforated plate or die designed to produce the required shape. The extruded food is then cut to a specific size by blades. |
Fava | Also known as Faba, it is another word for yellow split beans. |
FDA | Food and Drug Administration |
Flaking | It is a process in which typically a cereal grain (like corn, wheat, or rice) is broken down into grits, cooked with flavors and syrups, and then pressed into flakes between cooled rollers. |
Foaming agent | It is a food ingredient that makes it possible to form or maintain a uniform dispersion of a gaseous phase in a liquid or solid food. |
Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
Fortification | It is the deliberate addition of micronutrients that are not found in them naturally or which are lost during processing, to improve a food product's nutritional value. |
FSANZ | Food Standards Australia New Zealand |
FSIS | Food Safety and Inspection Service |
FSSAI | Food Safety and Standards Authority of India |
Gelling agent | It is an ingredient that functions as a stabilizer and thickener to provide thickening without stiffness through the formation of gel. |
GHG | Greenhouse Gas |
Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
Hemp | It is a botanical class of Cannabis sativa cultivars grown specifically for industrial or medicinal use. |
Hydrolysate | It is a form of protein manufactured by exposing the protein to enzymes that can partially break the bonds between the protein's amino acids and break down large, complicated proteins into smaller pieces. Its processing makes it easier and quicker to digest. |
Hypoallergenic | It refers to a substance that causes fewer allergic reactions. |
Isolate | It is the purest and most processed form of protein which has undergone separation to obtain a pure protein fraction. It typically contains ≥ 90% of protein by weight. |
Keratin | It is a protein that helps form hair, nails, and the outer layer of skin. |
Lactalbumin | It is the albumin contained in milk and obtained from whey. |
Lactoferrin | It is an iron‑binding glycoprotein that is present in the milk of most mammals. |
Lupin | It is the yellow legume seeds of the genus Lupinus. |
Millenial | Also known as Generation Y or Gen Y, it refers to the people born from 1981 to 1996. |
Monogastric | It refers to an animal with a single-compartmented stomach. Examples of monogastric include humans, poultry, pigs, horses, rabbits, dogs, and cats. Most monogastric are generally unable to digest much cellulose food materials such as grasses. |
MPC | Milk protein concentrate |
MPI | Milk protein isolate |
MSPI | Methylated soy protein isolate |
Mycoprotein | Mycoprotein is a form of single-cell protein, also known as fungal protein, derived from fungi for human consumption. |
Nutricosmetics | It is a category of products and ingredients that act as nutritional supplements to care for skin, nails, and hair natural beauty. |
Osteoporosis | It is a medical condition in which the bones become brittle and fragile from loss of tissue, typically as a result of hormonal changes, or deficiency of calcium or vitamin D. |
PDCAAS | Protein digestibility-corrected amino acid score (PDCAAS) is a method of evaluating the quality of a protein based on both the amino acid requirements of humans and their ability to digest it. |
Per-capita consumption of animal protein | It is the average amount of animal protein (such as milk, whey, gelatin, collagen, and egg proteins) that is readily available for consumption by each person in an actual population. |
Per-capita consumption of plant protein | It is the average amount of plant protein (such as soy, wheat, pea, oat, and hemp proteins) that is readily available for consumption by each person in an actual population. |
Quorn | It is a microbial protein manufactured using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten. |
RTD | Ready-to-Drink |
RTS | Ready-to-Serve |
Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
Seitan | It is a plant-based meat substitute made out of wheat gluten. |
Softgel | It is a gelatin-based capsule with a liquid fill. |
SPC | Soy protein concentrate |
SPI | Soy protein isolate |
Spirulina | It is a biomass of cyanobacteria that can be consumed by humans and animals. |
Stabilizer | It is an ingredient added to food products to help maintain or enhance their original texture, and physical and chemical characteristics. |
Supplementation | It is the consumption or provision of concentrated sources of nutrients or other substances that are intended to supplement nutrients in the diet and is intended to correct nutritional deficiencies. |
Texturant | It is a specific type of food ingredient that is used to control and alter the mouthfeel and texture of food and beverage products. |
Thickener | It is an ingredient that is used to increase the viscosity of a liquid or dough and make it thicker, without substantially changing its other properties. |
Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
TSP | Textured soy protein |
TVP | Textured vegetable protein |
WPC | Whey protein concentrate |
WPI | Whey protein isolate |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms