Sacha Inchi Protein Market
PUBLISHED: 2024 ID: SMRC25766
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Sacha Inchi Protein Market

Sacha Inchi Protein Market Forecasts to 2030 - Global Analysis By Product Type (Powder, Bars, Supplements and Oil), Form, Health Benefit, Distribution Channel, Application, End User and By Geography

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4.4 (30 reviews)
Published: 2024 ID: SMRC25766

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Sacha Inchi Protein Market is accounted for $92.5 million in 2023 and is expected to reach $142.9 million by 2030 growing at a CAGR of 6.4% during the forecast period. Sacha Inchi protein, derived from the seeds of the Plukenetia volubilis plant native to South America, is prized for its nutritional benefits. Packed with essential amino acids, omega-3 fatty acids, and antioxidants, Sacha Inchi protein is a complete plant-based protein source. Its high protein content makes it an ideal supplement for vegetarians, vegans, and athletes seeking muscle growth and repair. Additionally, Sacha Inchi protein is gluten-free and easily digestible, making it suitable for individuals with dietary restrictions or sensitive stomachs. Its nutty flavor and versatile texture make it a popular ingredient in protein powders, smoothies, bars, and baked goods.

According to the study published in GSC Biological and Pharmaceutical Sciences, centred on finding the potential use of Sacha inchi as a food additive or conventional medicine, it revealed its capability to be developed as a nutraceutical, primarily to treat high blood pressure and cholesterol.

Market Dynamics: 

Driver: 

Rising demand for plant-based proteins

As consumers increasingly prioritize health, sustainability, and ethical considerations, they seek alternatives to animal-derived proteins. Sacha Inchi Protein, with its complete amino acid profile, omega-3 fatty acids, and antioxidants, has emerged as a favored choice. Its nutritional benefits, coupled with growing awareness of plant-based diets' health advantages, have driven demand. Additionally, manufacturers are responding by introducing innovative Sacha Inchi Protein products, catering to various dietary preferences and expanding the market's reach.

Restraint:

Limited awareness

Despite its nutritional benefits, many consumers remain unaware of Sacha Inchi Protein and its potential applications. This lack of awareness hinders market growth as consumers may opt for more familiar protein sources. Additionally, limited awareness may result in misconceptions or skepticism about Sacha Inchi Protein's effectiveness or taste, further deterring potential buyers. Without targeted education and marketing efforts to raise awareness about Sacha Inchi Protein's benefits and versatility, the market may struggle to reach its full potential

Opportunity:

Consumers interest on natural, minimally processed ingredients

The rising consumer interest in natural, minimally processed ingredients perfectly aligns with Sacha Inchi protein's appeal.  Sacha Inchi seeds are a source of complete, plant-based protein, free from artificial additives. This trend toward clean, natural ingredients can propel Sacha Inchi protein into the mainstream, especially if manufacturers emphasize its natural attributes and minimal processing in marketing and labeling.

Threat:

Higher price point 

While consumers increasingly prioritize health and sustainability, the premium pricing of Sacha Inchi Protein products may deter budget-conscious individuals from purchasing them. Competing with lower-priced protein sources becomes difficult, limiting market penetration and consumer adoption. Additionally, the perception of higher cost may lead to skepticism among some consumers regarding the value proposition of Sacha Inchi Protein compared to more affordable alternatives.

Covid-19 Impact

While initially facing disruptions in supply chains and distribution channels due to lockdowns and restrictions, the market eventually witnessed growth as consumer’s prioritized health and wellness. The pandemic heightened awareness of the importance of immune health, leading to increased demand for nutritional supplements like Sacha Inchi Protein. Additionally, the rising popularity of plant-based diets during the pandemic further boosted market growth. However, economic uncertainties and changes in consumer spending patterns posed challenges.

The isolates segment is expected to be the largest during the forecast period

The isolates segment is estimated to have a lucrative growth, because isolates are highly concentrated forms of protein, offering greater purity and protein content compared to other forms. This has led to increased demand from consumers seeking potent and versatile protein supplements. Thus the availability of isolates has expanded the market by offering a premium product option with diverse applications in functional foods, beverages, and supplements.

The weight management segment is expected to have the highest CAGR during the forecast period

The weight management segment is anticipated to witness the highest CAGR growth during the forecast period, owing to its high protein content and nutritional profile, making it a popular choice among individuals seeking to manage their weight. As a complete plant-based protein source, Sacha Inchi Protein helps promote satiety, supports muscle growth and repair, and aids in maintaining a healthy metabolism. Its inclusion in weight management diets and meal replacement products has driven demand for Sacha Inchi Protein.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising awareness among consumers regarding the health benefits of plant-based proteins, coupled with an increasing focus on vegetarian and vegan diets was driving demand for Sacha Inchi Protein in the Asia Pacific region. Moreover, increasing disposable income levels in countries across Asia Pacific led to a higher spending capacity among consumers, allowing them to invest in premium health and wellness products like Sacha Inchi Protein. This growing purchasing power contributed to the overall growth of the market in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period; owing to the increasing number of individuals adopting vegan and vegetarian lifestyles in North America has created a growing market for plant-based protein sources like Sacha Inchi Protein. As more consumers seek alternatives to animal products, there is a rising demand for plant-based protein supplements and ingredients, driving the growth of the Sacha Inchi Protein market.

Key players in the market

Some of the key players in the Sacha Inchi Protein Market include Flora Manufacturing & Distributing, Herbs America Company, BIOGRUND, Axiom Foods, HerboNutra, Imlak'Esh Organics, Nature's Power Nutraceuticals, Plandaí Biotechnology, MaiSavanhLao, MG Natura Peru, Ouro Amarelo, Sesajal S.A. de C.V, Shaanxi Yuantai Biological Technology, Green Foods Corporation, and Organic Technologies 

Key Developments:

In September 2023, Flora Growth Corp. has entered into a definitive agreement to acquire Australian Vaporizers Pty Limited to acquire all of the issued and outstanding shares of Australian Vaporizers in exchange for 600,676 Flora common shares. 

In August 2023, Flora Growth Corp. and TruHC Pharma GmbH Establish Strategic Partnership to Grow Market Share in Germany. TruHC holds an EU-GDP certification as an importer, distributor and manufacturer of medical cannabis, and operates a production facility.

Product Types Covered:
• Powder
• Bars
• Supplements
• Oil
 
Forms Covered:
• Isolates
• Concentrates

Health Benefits Covered:
• Weight Management 
• Digestive Health 
• Muscle Building 
• Immune Support 
• Bone Health 
• Other Health Benefits 

Distribution Channels Covered:
• Supermarkets/Hypermarkets 
• Health Food Stores 
• Specialty Stores 
• Convenience Stores 
• Other Distribution Channels 

Applications Covered:
• Cosmetics
• Pharmaceuticals
• Beverages
• Dietary Supplements
• Animal Feed
• Other Applications

End Users Covered:
• Health-Conscious Consumers 
• Athletes & Fitness Enthusiasts 
• Food Manufacturers 
• Personal Care Product Manufacturers 
• Other End User 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Sacha Inchi Protein Market, By Product Type      
 5.1 Introduction        
 5.2 Powder         
 5.3 Bars         
 5.4 Supplements        
 5.5 Oil         
           
6 Global Sacha Inchi Protein Market, By Form      
 6.1 Introduction        
 6.2 Isolates         
 6.3 Concentrates        
           
7 Global Sacha Inchi Protein Market, By Health Benefit     
 7.1 Introduction        
 7.2 Weight Management       
 7.3 Digestive Health        
 7.4 Muscle Building        
 7.5 Immune Support        
 7.6 Bone Health        
 7.7 Other Health Benefits       
           
8 Global Sacha Inchi Protein Market, By Distribution Channel     
 8.1 Introduction        
 8.2 Supermarkets/Hypermarkets       
 8.3 Health Food Stores        
 8.4 Specialty Stores        
 8.5 Convenience Stores        
 8.6 Other Distribution Channels       
           
9 Global Sacha Inchi Protein Market, By Application      
 9.1 Introduction        
 9.2 Cosmetics        
 9.3 Pharmaceuticals        
 9.4 Beverages        
 9.5 Dietary Supplements       
 9.6 Animal Feed        
 9.7 Other Applications       
           
10 Global Sacha Inchi Protein Market, By End User      
 10.1 Introduction        
 10.2 Health-Conscious Consumers       
 10.3 Athletes & Fitness Enthusiasts       
 10.4 Food Manufacturers       
 10.5 Personal Care Product Manufacturers     
 10.6 Other End User        
           
11 Global Sacha Inchi Protein Market, By Geography      
 11.1 Introduction        
 11.2 North America        
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia       
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa      
           
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions        
 12.5 Other Key Strategies       
           
13 Company Profiling         
 13.1 Flora Manufacturing & Distributing      
 13.2 Herbs America Company       
 13.3 BIOGRUND        
 13.4 Axiom Foods        
 13.5 HerboNutra        
 13.6 Herbs America Company       
 13.7 Imlak'Esh Organics        
 13.8 Nature's Power Nutraceuticals       
 13.9 Plandaí Biotechnology       
 13.10 MaiSavanhLao        
 13.11 MG Natura Peru        
 13.12 Ouro Amarelo        
 13.13 Sesajal S.A. de C.V        
 13.14 Shaanxi Yuantai Biological Technology      
 13.15 Green Foods Corporation       
 13.16 Organic Technologies       
           
List of Tables          
1 Global Sacha Inchi Protein Market Outlook, By Region (2021-2030) ($MN)   
2 Global Sacha Inchi Protein Market Outlook, By Product Type (2021-2030) ($MN)   
3 Global Sacha Inchi Protein Market Outlook, By Powder (2021-2030) ($MN)   
4 Global Sacha Inchi Protein Market Outlook, By Bars (2021-2030) ($MN)    
5 Global Sacha Inchi Protein Market Outlook, By Supplements (2021-2030) ($MN)   
6 Global Sacha Inchi Protein Market Outlook, By Oil (2021-2030) ($MN)    
7 Global Sacha Inchi Protein Market Outlook, By Form (2021-2030) ($MN)    
8 Global Sacha Inchi Protein Market Outlook, By Isolates (2021-2030) ($MN)   
9 Global Sacha Inchi Protein Market Outlook, By Concentrates (2021-2030) ($MN)   
10 Global Sacha Inchi Protein Market Outlook, By Health Benefit (2021-2030) ($MN)   
11 Global Sacha Inchi Protein Market Outlook, By Weight Management (2021-2030) ($MN)  
12 Global Sacha Inchi Protein Market Outlook, By Digestive Health (2021-2030) ($MN)   
13 Global Sacha Inchi Protein Market Outlook, By Muscle Building (2021-2030) ($MN)   
14 Global Sacha Inchi Protein Market Outlook, By Immune Support (2021-2030) ($MN)   
15 Global Sacha Inchi Protein Market Outlook, By Bone Health (2021-2030) ($MN)   
16 Global Sacha Inchi Protein Market Outlook, By Other Health Benefits (2021-2030) ($MN)  
17 Global Sacha Inchi Protein Market Outlook, By Distribution Channel (2021-2030) ($MN)  
18 Global Sacha Inchi Protein Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN) 
19 Global Sacha Inchi Protein Market Outlook, By Health Food Stores (2021-2030) ($MN)  
20 Global Sacha Inchi Protein Market Outlook, By Specialty Stores (2021-2030) ($MN)   
21 Global Sacha Inchi Protein Market Outlook, By Convenience Stores (2021-2030) ($MN)  
22 Global Sacha Inchi Protein Market Outlook, By Other Distribution Channels (2021-2030) ($MN) 
23 Global Sacha Inchi Protein Market Outlook, By Application (2021-2030) ($MN)   
24 Global Sacha Inchi Protein Market Outlook, By Cosmetics (2021-2030) ($MN)   
25 Global Sacha Inchi Protein Market Outlook, By Pharmaceuticals (2021-2030) ($MN)   
26 Global Sacha Inchi Protein Market Outlook, By Beverages (2021-2030) ($MN)  
27 Global Sacha Inchi Protein Market Outlook, By Dietary Supplements (2021-2030) ($MN)  
28 Global Sacha Inchi Protein Market Outlook, By Animal Feed (2021-2030) ($MN)   
29 Global Sacha Inchi Protein Market Outlook, By Other Applications (2021-2030) ($MN)  
30 Global Sacha Inchi Protein Market Outlook, By End User (2021-2030) ($MN)   
31 Global Sacha Inchi Protein Market Outlook, By Health-Conscious Consumers (2021-2030) ($MN) 
32 Global Sacha Inchi Protein Market Outlook, By Athletes & Fitness Enthusiasts (2021-2030) ($MN) 
33 Global Sacha Inchi Protein Market Outlook, By Food Manufacturers (2021-2030) ($MN)  
34 Global Sacha Inchi Protein Market Outlook, By Personal Care Product Manufacturers (2021-2030) ($MN)
35 Global Sacha Inchi Protein Market Outlook, By Other End User (2021-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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