Market Trends of united kingdom soy protein Industry
Plant protein consumption growth fuels opportunities for key players in the ingredients sector
- The recommended intake of proteins for adults in good health is 0.83 g/kg/d. The average intake of protein consumption ranges from 0.83 to 2.2 g/kg/d for an adult under 60 years of age. The average daily intake of proteins for adult women is 74 g and for adult men is 100 g. Millennials and Gen Z are particularly driving the growing demand for plant-based diets and supplements. This is primarily because plant-based proteins are rapidly becoming the only source of all the essential amino acids that can replace animal protein. The protein sector's emergence can potentially reduce the environmental impact associated with the country's reliance on animal protein.
- Young and urban customers who think consuming less meat is better for their health and the environment tend to be the top users of plant-based foods. In the forthcoming year, an increasing number of people in the UK are likely to give up meat or adopt a vegetarian or vegan diet. The UK government promotes a healthy lifestyle and diet among its consumers. This offers an opportunity for the soy protein ingredient, which is positioned as being organic, pure, and healthful. The per capita consumption of soy protein favorably increased by 4.6% in 2022 from 2016.
- In the United Kingdom, the average amount of rice consumed per person per week in 2019-2020 was 111 grams. Rice contains essential nutrients such as thiamine, riboflavin, niacin, vitamin E, zinc, potassium, iron, and fiber. The average British citizen consumes about 5.6 kg of rice annually, with white rice accounting for 80% of purchases. Due to the country's expanding ethnic population and increased dietary variety, rice consumption in the UK is anticipated to increase significantly.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Market maturation and declining birth rates are accountable for the slow growth rate
- Functional beverages to play key role in future market growth
- Cooking sauces to witness the highest demand in the UK market
- Dairy alternative to boost market growth
- Meat alternatives to witness significant growth rate
- Spiked demand for savory snacks in the UK
- Increasing demand for animal sourced products
- Artisanal and gluten-free supporting the bakery industry
- Stronger retail growth as more consumers have breakfast at home
- Sugar reduction programs to hinder segmental growth in the forecast period
- Changing demography to incline toward health supplements
- Plant-based ready-to-eat packaged food market is projected to grow during the forecast period
- Millennials' inclination toward fitness emerged as the major market driver
- Skinimalism trend to be in high demand in the UK
