About Chia-based Protein
Chia-based Protein are as the name suggests produced from chia seeds. Chia is said to offer 3g of protein in one table spoon on an average and all essential amino acids as well as omega-3. They are even said to offer high fiber. But primarily their high protein source and one of the highest omega 3 source in vegan food alternatives makes it highly popular in vegetarian and vegan foodies. The market of chia based protein is on rise fuelled by increasing health consciousness, rise of vegan culture and increasing disposable income. Although still the product is fairly less known in the market. Geographically, North America and Asia Pacific offer high potential to grow, especially combined with increasing penetration of E-Commerce stores.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chia-based Protein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mamma Chia (United States), Kundig Group (Switzerland), Green Labs LLC (United States), Glanbia Nutritionals (United States), Bioriginal (Canada), Chia Organica USA (United States), Lifefood International (United Kingdom), Natural Organics Inc. (United States), NaturesPlus (United States) and S.S Johnson Seeds (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Canmar Grain Products Ltd. (Canada), Bagrrys India Limited (India) and Barentz International (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Chia-based Protein market by and Region.
On the basis of geography, the market of Chia-based Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Chia-based Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online (E-Commerce Stores) will boost the Chia-based Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food & Beverages will boost the Chia-based Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Bottles will boost the Chia-based Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Nutraceuticals is One of the Fastest Growing Segment
Market Growth Drivers:
Growth of End-User Industries and Increasing Health Consciousness Due to Recent Pandemic
Challenges:
Less Awareness about the Product or its Benefits
Restraints:
Substitute Products Present in the Market with Similar Nutritional Benefits
Opportunities:
Online Sales Channel Presents Huge Opportunity to Expand Market Reach
Market Leaders and their expansionary development strategies
In 2020, Hokanson Capital Inc., US based private investment firm focused on farms, food processing, hospitality, oil fields, etc. has announced acquisition of Canmar Grain Products Ltd. Canada based Canmar Grains specialises in Flax and Hemp products. The acquisition was made to diversify its agriculture portfolio.
In 2020, Barentz International B.V., a Netherlands based Food and Beverages as well as Speciality Ingredients manufacturer has announced acquisition of Maroon Group, which develops speciality chemicals to be used as food additives. The acquisition will help Barentz expand in North America where it has minor footprint prior to this deal. The two companies can also combine their expertise and synergy to develop or produce other innovative products
Key Target Audience
Chia-based Protein Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.