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Germany Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

Germany Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

  • September 2022
  • ID: 6321731
  • Format: PDF
  • Mordor Intelligence LLP

Summary

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The Germany Protein Market stood at 690.84 million usd in 2021 and is projected to register a CAGR of 3.55% to reach 822.62 million usd in 2026.

Key Highlights
Largest Segment by Source - Plant : Immense availability, functionality, vegan protein source, and low price of soy, wheat, and pea have contributed to the leading position of plant proteins in the country.
Largest Segment by End User - Food and Beverages : The F&B industry dominates the market, primarily led by bakery and meat and dairy alternatives due to their functionalities that make them highly preferred ingredients.
Fastest growing segment by Source - Plant : The surging demand for plant proteins (pea and soy protein) from beverages, breakfast cereals, and confectionery contributed to their fastest growth in the country.
Fastest growing segment by End User - Supplements : The rising consumer focus on health and sports fitness is anticipated to drive the segment. Among all, the preference for soy in the sector is propelling segmental growth.

Key Market Trends

Largest Segment By End User : Food and Beverages

By application, the F&B industry is leading the protein market in the region, accounting for a major volume share of 55.4% in 2020, followed by animal feed (39.9%). The segment is likely to outpace other applications, in terms of volume, with a projected CAGR of 3.38% during the forecast period.
In the food and beverage sector, the meat/poultry/seafood and meat alternative products segment accounted for the major volume share in 2020, followed by the dairy and dairy alternative products segment. However, the beverage segment is anticipated to record the fastest CAGR of 7.66%, by volume, during the forecast period.
The share is primarily driven by the rising number of vegan and flexitarian consumers who are increasingly relying on or are open-to animal-free product offerings in the market. As of 2020, the number of vegans in Germany doubled from 1.3 million to 2.6 million, representing 3.2% of the population.

Competitive Landscape

The Germany Protein Market is fragmented, with the top five companies occupying 26.70%. The major players in this market are Archer Daniels Midland Company, DuPont de Nemours Inc., Fonterra Co-operative Group Limited, Kerry Group PLC and Royal FrieslandCampina N.V (sorted alphabetically).

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