The global export of protein concentrates and textured substances in 2024 shows the United States leading with substantial market share, followed by China and the United Kingdom. Most countries, including China and the United Kingdom, experienced growth, while notable spikes were seen in Greece, Serbia, and Hungary. Countries like Brazil and Japan faced negative trends last year. Substantial increases were noted in less dynamic exporters like Belarus and Latvia. Despite some declines, the sector remains robust, with CAGR over five years indicating steady growth.
Future trends to watch include:
- Emerging markets like Saudi Arabia and Kuwait showed incredibly high year-on-year increases, suggesting enhanced roles in global export.
- Watch for diversification in supply chains amid geopolitical uncertainties impacting trade dynamics.
- Technological advancements in food processing might elevate product offerings and competitive dynamics.
- Environmental sustainability practices could reshape international trade practices and demand.
Top countries in Export of Protein Concentrates and Textured Protein Substances Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 36.28 | 2023 | +2.93% | +3.32% | View data |
| 2 | 2 China | 12.95 | 2023 | +3.85% | +2.8% | View data |
| 3 | 3 United Kingdom | 12.92 | 2023 | +3.08% | +5.07% | View data |
| 4 | 4 Netherlands | 8.01 | 2023 | +3.21% | +4.24% | View data |
| 5 | 5 Germany | 2.62 | 2023 | +3.69% | +2.38% | View data |
| 6 | 6 France | 2.61 | 2023 | +3.2% | +3.5% | View data |
| 7 | 7 Belgium | 2.59 | 2023 | +0.45% | +1.35% | View data |
| 8 | 8 Spain | 2.26 | 2023 | +3.85% | +3.23% | View data |
| 9 | 9 Serbia | 1.99 | 2023 | +3.21% | +4.49% | View data |
| 10 | 10 India | 1.4 | 2023 | +3.86% | +4.51% | View data |
