Perilla protein is a plant-based protein source extracted from the seeds of the Perilla frutescens plant. Perilla protein products are gaining popularity among health-conscious consumers who are looking for plant-based protein alternatives to animal-based products. The global market for perilla protein products was valued at approximately $8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of around 7% during the forecast period of 2021-2028. The market growth is primarily driven by the increasing demand for plant-based protein sources, particularly among consumers who follow vegan, vegetarian, or flexitarian diets.
The market for perilla protein products is relatively small and is dominated by a few key players, including AIDP Inc. and Geneham Pharmaceutical Co. Ltd. These companies offer a range of perilla protein products, including powders, concentrates, and isolates, which are used in a variety of applications, such as sports nutrition, functional foods, and supplements. The market is also influenced by factors such as increasing health consciousness and awareness of the benefits of plant-based diets, as well as the growing demand for sustainable and environmentally friendly protein sources. Perilla protein is considered a sustainable crop, as it requires less water and fertilizer than other protein sources, and it can be grown in a variety of conditions.
However, the market for perilla protein products faces some challenges, such as the relatively high cost of production compared to other plant-based protein sources and the limited awareness and availability of perilla protein products in some regions.
Overall, the market for perilla protein products is expected to continue to grow in the coming years as more consumers adopt plant-based diets and seek out alternative protein sources. The increasing demand for sustainable and environmentally friendly protein sources is also expected to drive the market, as perilla protein is considered a more sustainable crop than many other protein sources.
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Key findings of the Perilla Protein market study:
- The report provides a present market outlook on Perilla Protein. Additionally, the Perilla Protein market share is anticipated to grow with a CAGR of 6.5% in the forecast period.
- Regional breakdown of the Perilla Protein market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Perilla Protein vendors in detail.
- Region-wise and country-wise fragmentation of the Perilla Protein market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Perilla Protein market.
- Perilla Protein price, market share, and Trends forecast for assessment period 2020-2030
Segmentation: Perilla Protein Market
Based on types perilla protein market is classified into different parts like product and application and end use sector
Based on form perilla protein market is segmented into
- Protein Extract Powder
Based on application perilla protein market is segmented into
- Emulsifying Agent
- Foaming Agent
- Flavouring Agent
Based on end use industry perilla protein market is segmented into
- Cosmetics and Personal Care Industry
- Food and Beverages Industry
- Healthcare Industry
The Perilla Protein industry is dominated by some prominent players including
PL Thomas & Co, BOC Sciences, Xi’an Realin Biotechnology Co., Ltd.
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Perilla Protein market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Perilla Protein brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Perilla Protein Company & brand share analysis: Company and brand share analysis on Perilla Protein reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Perilla Protein Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Perilla Protein
- Perilla Protein Category & segment level analysis: Fact.MR’s Perilla Protein sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Perilla Protein Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Perilla Protein: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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