Organic Protein Market: Introduction
Organic
protein is sourced from dairy cows that have a complete organic diet.
Organic certification for livestock requires farmers to meet strict
rules and regulations imposed by regulatory bodies. These strict
regulations have resulted in an increasing consumer confidence
towards the authenticity of organic protein, especially in the
developed economies such as Western Europe and North America as the
Organic protein is gaining traction in these markets and to cater the
increasing demand, many key players are including the Organic protein
product in their product portfolio.
Furthermore,
increasing trend of clean label products as consumers are opting for
products, which are natural with fewer chemicals and additives is
also driving the growth of global organic protein market over the
forecast period
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Global
Organic Protein Market Drivers, Trends and Restraints
Organic
protein is usually more nutritious as it contains more omega 3 fatty
acids than grain fed protein. Moreover, Organic protein is also rich
in conjugated linoleic acid which helps in reducing fat which makes
it more functional than the conventional protein.
Recently
as per the trend, consumers are closely inspecting labels of
products. In Europe, around 70% of customers read the front side of
the pack and due to which food manufacturers are providing clean
label products and claiming their clean label such as “grass-fed”,
“no hormones”, no antibiotics”, “organic” etc. on the front
side. Consumers in developed market pay more attention to these
specifications and hence, the details on the front of the pack are
very important. The consumer analysis of the label is playing an
important roles in the sales of the product, and thus, in order to
grab the consumer attention and to change the unhealthy image of
products, manufacturers are offering clean label product which is
stimulating the growth of organic protein over the forecast period.
Furthermore,
increasing concerns among government bodies, animal welfare
committees, and food manufacturers regarding unsanitary and inhumane
conditions of livestock from which conventional protein is sourced,
promotes opposition for these production methods. Public sentiment
and legislation are favoring products such as organic meat, organic
dairy, and organic protein sourced from livestock thus supplementing
the growth of global organic protein market over the forecast period.
However,
higher pricing than the conventional protein is anticipated to
restrain the growth of organic protein market over the forecast
period. Due to poor infrastructure of regulatory bodies for organic
certification of livestock in several countries of APEJ region has
resulted in low confidence among consumers about the authenticity of
organic protein products. Thus, key players are importing organic
protein based products with manufacturing origin of Europe or North
American countries which translates into a substantial increase in
the pricing. Hence, limiting the reach of organic protein to the
higher income group consumers, thus restraining the growth of global
Organic protein market over the forecast period.
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Organic
Protein Market Regional Outlook:
On
the basis of geography, the organic protein market is segmented into
North America, Latin America, Western and Eastern Europe,
Asia-Pacific, MEA, and Japan. In the global Organic Protein market,
North America dominates the market value share which is then followed
by Europe. Globally, the U.S. market for organic protein is
anticipated to grow with a significant growth in terms of value over
the forecast period. APEJ region is anticipated to show moderate the
growth over the forecast period.
Organic
Protein Market: Key Players
Some
of the key players of Organic Protein market are Orgain, Inc.,
Transparent Labs, NAKED NUTRITION, Garden Of Life Inc, Opportuniteas,
Reserveage, LLC, NATURAL FORCE, Jarrow Formulas, Inc., and other
regional players.
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