Alfalfa Protein Concentrate Market Size, Macroeconomic & Positive Factors, Regional Insights and Global Industry Dynamics By 2022-2028

The shift in the trend for the use of plant-based products has created a huge demand for plant-based proteins. The growing awareness regarding healthcare among the consumers has been a major driver for the increase in the use of plant-based products, as the animal-based products might cause some allergies and other side-effects. Alfalfa protein concentrate is derived from plants, has high nutritional value, safe and easy to consume and therefore can captivate the health-conscious consumers, which is also a factor expected to increase the demand for alfalfa protein concentrate and drive the growth of the market.

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The health and fitness concern among the youngsters all across the globe is an important factor that has increased the demand for dietary supplements. Consumers prefer the use of organic and non-GMO protein supplements and therefore alfalfa protein concentrate is a suitable dietary supplement as it fulfills both the requirements of the consumers. Thus, the manufacturers of nutraceutical and health care industries are focusing on producing alfalfa protein concentrate.

The lack of awareness about alfalfa protein concentrate and competition with similar protein supplements might be the major restraints for the alfalfa protein concentrate market. There are many companies that are focusing on developing plant-based, gluten-free and non-GMO protein concentrates and are also providing different flavors of protein concentrates. Availability of alternatives is also expected to hamper the growth of the alfalfa protein concentrate market.

Global Alfalfa Protein Concentrate Market: Participants

The key players operating in the market are Bioriginal Food & Science Corporation, Swanson Vitamins, Xi’an Tianrui Biotech Co., Ltd., etc. Désialis provides alfalfa protein concentrate especially for pet foods and contains most of the required essential nutrients.

Global Alfalfa Protein Concentrate Market: Key Developments

In 2017, Luzerne-Research & Development (L-RD) had introduced Luzixeen, an alfalfa protein concentrate which has about 45% to 60% of protein content and is a plant-based alternative to animal-derived proteins. The products contain essential amino acids such as valine, isoleucine, lysine, etc. It can be sprinkled on yogurt, salads, etc. and also can be used in the preparation of food supplements, bars, biscuits, beverages, protein shakes, etc.

Opportunities for Alfalfa Protein Concentrate Market Participants:

Although alfalfa protein concentrate has good nutritional content but due to poor solubility and undesirable sensory properties, it has a restricted application in the food industry. The improvement in solubility and sensory properties might enable the incorporation of alfalfa protein concentrate in a variety of food products so as to improve the nutritional value of the food. This might increase the alfalfa protein concentrate market as consumers prefer the use of nutritional and innovative products. The development of technology and use of efficient extraction process might help to develop cost-effective alfalfa protein concentrate which might attract the manufacturers of nutraceutical and other health care industries, and thus might increase the alfalfa protein concentrate market.

Brief Approach to Research

The analysis will be done a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed Alfalfa Protein Concentrate market understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Alfalfa Protein Concentrate market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the Alfalfa Protein Concentrate market, including background and evolution
• Macroeconomic factors affecting the Alfalfa Protein Concentrate market and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the Alfalfa Protein Concentrate market
• Cost structure of the products and segments covered in the study
• In-depth pricing analysis, by key segments, regions and by major market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
• Analysis of the Alfalfa Protein Concentrate market structure, including a tier-wise categorization of key market participants
• Competitive landscape of the Alfalfa Protein Concentrate market, including detailed profiles of the top players in this market