Industry Background:
Alfalfa concentrate is primarily used in animal feed, however, in recent years, it has gained increasing application in human nutrition, owing to its rich source of vitamins, minerals, proteins, and essential amino acids. The alfalfa concentrate is also considered to serve as a valuable source of nutritional components for the food industry. Growing consumer interest in dietary supplements that provide certain physiological and prophylactic effects and help improve one’s health status has been gradually accelerating the demand for alfalfa concentrate. The growing aging population coupled with rising incidences of diseases such as diabetes, high cholesterol, and cardiovascular disease is expected to accelerate the demand and subsequently the future expansion of the alfalfa concentrate market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Désialis (France), Bioriginal Food & Science Corporation (Canada), Xi'an Tianrui Biotech Co., Ltd. (China), JIAHERB Inc. (United States), Nutrilite (United States), Refine Biology (China), Martin Bauer Group (Germany), Naturalin (China), LiquaDry (United States), 3W Biotanical Extract (China) and Acetar Bio-Tech (China) |
This growth is primarily driven by Growing awareness of the rich health benefits of alfalfa concentrate among the global population along with a rising number of health-conscious consumers.
Globally, a noticeable market trend is evident The consumer inclination toward a vegan diet has led to a surge in the demand for plant-based proteins and other products The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Désialis (France), Bioriginal Food & Science Corporation (Canada), Xi'an Tianrui Biotech Co., Ltd. (China), JIAHERB Inc. (United States), Nutrilite (United States), Refine Biology (China), Martin Bauer Group (Germany), Naturalin (China), LiquaDry (United States), 3W Biotanical Extract (China) and Acetar Bio-Tech (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Alfalfa Protein Concentrate market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity, developing innovative and new products to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In January 2019, JIAHERB Inc., a key player in the alfalfa concentrate market adopted a new technology to launch an innovative juice powder that does not contain excipient and offers better taste, color, and odor than conventional juice powder.
In November 2021, ingredient by nature partnered with Virentia. Virentia is Canada-based company launch a new and unique chloroplast concentrate from alfalfa (Medicago sativa), ChloroBlast™, for the functional food and beverage industry. This partnership helped ingredient by nature to expand in alfalfa protein concentrate market
Influencing Trend:
The consumer inclination toward a vegan diet has led to a surge in the demand for plant-based proteins and other products
Market Growth Drivers:
Growing awareness of the rich health benefits of alfalfa concentrate among the global population along with a rising number of health-conscious consumers
Challenges:
Increasing Incidence of Hormonal Incidence
Restraints:
The flactating raw material cost
Opportunities:
The manufactures of nutraceutical products and dietary supplements are continuously focusing on the development of plant-based, non-GMO, and gluten-free protein concentrates
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Alfalfa Protein Concentrate Market
- Analysis about New Entrants in Alfalfa Protein Concentrate Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Alfalfa Protein Concentrate Study Sheds Light on
The Alfalfa Protein Concentrate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Alfalfa Protein Concentrate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Alfalfa Protein Concentrate industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.