Africa Plant Protein Market Size (2024 - 2029)

The African plant protein market is experiencing growth driven by increasing demand due to factors such as population growth, economic expansion, and health consciousness among consumers. The market size is influenced by the rising popularity of plant proteins among sports persons, health-conscious individuals, and those following vegan and vegetarian diets. Soy protein leads the market due to its versatile applications and availability, with pea protein also gaining traction for its use in meat alternatives. The food and beverage sector is the primary driver of market expansion, supported by a growing shift towards vegan meals, while the animal feed sector is also adopting plant proteins as alternatives to dairy ingredients.

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Market Size of Africa Plant Protein Industry

Africa Plant Protein Market Summary
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

Africa Plant Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Africa Plant Protein Industry Segmentation

Plant protein includes protein from plants such as soy, tofu, tempeh, nuts, seeds, grains and even peas. The African plant protein market is segmented by product type into wheat, soy, pea, and other products. The market is segmented by form into protein isolates, protein concentrates, and textured proteins. The market is segmented by application into bakery, meat extenders and substitutes, dietary supplements, beverages, snacks, and other applications. By geography, the market is segmented into South Africa, Nigeria, Kenya, and Rest of Africa. The report offers market size and values in (USD million) during the forecast period for the above segments.

Product Type
Wheat Protein
Soy Protein
Pea Protein
Other Products
Form
Protein Isolate
Protein Concentrate
Textured Proteins
Application
Bakery
Meat Extenders and Substitutes
Dietary Supplements
Beverages
Snacks
Other Applications
Geography
South Africa
Nigeria
Kenya
Rest of Africa
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Africa Plant Protein Market Size Summary

The African plant protein market is experiencing significant growth, driven by increasing demand for protein due to population growth, economic development, and heightened health awareness among consumers. The market is characterized by a rising interest in plant-based diets, particularly among sports enthusiasts, health-conscious individuals, and those following vegan or vegetarian lifestyles. Soy protein leads the market due to its high protein content and versatility, finding extensive applications in food and beverage products, especially in meat substitutes. The demand for plant proteins is also growing in the animal feed sector, where they serve as alternatives to dairy ingredients. The market's import dependency highlights the need for innovative extraction methods and product development to meet the diverse needs of consumers across the region.

The plant protein market in Africa is competitive and consolidated, with major players like Archer Daniels Midland Co. and Cargill Inc. dominating the landscape. These companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to enhance their market presence and develop new products. The market is further bolstered by the region's agricultural potential, with South Africa leading in soybean production, which supports export opportunities. Consumer trends towards sustainability and clean labels are influencing market dynamics, with a growing emphasis on plant-based ingredients in sports nutrition and animal feed. The introduction of innovative products, such as Cargill's RadiPure pea protein, underscores the industry's commitment to meeting evolving consumer preferences and expanding the market's reach.

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Africa Plant Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Wheat Protein

      2. 2.1.2 Soy Protein

      3. 2.1.3 Pea Protein

      4. 2.1.4 Other Products

    2. 2.2 Form

      1. 2.2.1 Protein Isolate

      2. 2.2.2 Protein Concentrate

      3. 2.2.3 Textured Proteins

    3. 2.3 Application

      1. 2.3.1 Bakery

      2. 2.3.2 Meat Extenders and Substitutes

      3. 2.3.3 Dietary Supplements

      4. 2.3.4 Beverages

      5. 2.3.5 Snacks

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 South Africa

      2. 2.4.2 Nigeria

      3. 2.4.3 Kenya

      4. 2.4.4 Rest of Africa

Africa Plant Protein Market Size FAQs

The Africa Plant Protein Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)

DuPont, Philafrica Foods, Tate & Lyle plc, Cargill Incorporated and Archer Daniels Midland Company are the major companies operating in the Africa Plant Protein Market.

Africa Plant Protein Market Report Snapshots

Africa Plant Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)