Market Size of Africa Plant Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Plant Protein Market Analysis
The African plant protein market is projected to register a CAGR of 5.9% over the next five years.
The demand for plant proteins in Africa has increased, owing to the need for protein, population growth, a rising economy, growing health concerns among consumers, and innovation in plant proteins. Sports persons, health- and weight-conscious individuals, and vegans and vegetarians are the main consumers of plant protein. Various infant formula products enriched with plant proteins, protein bars, and drinks have penetrated the major markets in the region. Soy protein is dominating the region due to its wide applications and availability, followed by wheat protein. The plant protein market is mainly import-dependent in the region.
Among all plant proteins, soy protein dominates, owing to its high protein content, low viscosity, solubility, etc., catering to its extensive application in all sectors. Pea proteins are gaining high demand for application in meat alternatives as they provide quick rehydration, neutral taste, and texturizing properties, leading to numerous product launches. The demand for plant protein is highest from the F&B sector, owing mainly to its multifunctionality and the surging number of regional consumers shifting toward vegan meals. In addition, plant proteins are widely gaining applications in the animal feed sector as feed for fish, pets, birds, poultry, etc., primarily as alternatives to dairy ingredients.
