Overview of the Global Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups

In 2021, the global market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups

In value terms, production of protein concentrates and flavoured or coloured sugar syrups totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, global production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports

Global exports of protein concentrates and flavoured or coloured sugar syrups rose significantly to X tons in 2021, surging by 6.7% against the year before. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.3% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of 19%. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups expanded remarkably to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.8% against 2014 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) and the United States (X tons) represented roughly 44% of total exports in 2021. The Netherlands (X tons) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Serbia (6.4%) and Canada (4.6%). Brazil (X tons), India (X tons), Argentina (X tons), Belgium (X tons), the UK (X tons), France (X tons), Germany (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +30.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by China ($X), with a 14% share of global exports. It was followed by the Netherlands, with a 9.5% share.

In the United States, exports of protein concentrates and flavoured or coloured sugar syrups increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+10.4% per year) and the Netherlands (+11.6% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, growing by 4.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 11% against the previous year. The global export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other global leaders experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports

For the tenth consecutive year, the global market recorded growth in supplies from abroad of protein concentrates and flavoured or coloured sugar syrups, which increased by 7.7% to X tons in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.6% against 2012 indices. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.2% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X tons), distantly followed by the United States (X tons), the Netherlands (X tons), the Philippines (X tons) and the UK (X tons) represented the major importers of protein concentrates and flavoured or coloured sugar syrups, together creating 38% of total imports. South Korea (X tons), Canada (X tons), Spain (X tons), France (X tons), Germany (X tons), Mexico (X tons), Indonesia (X tons) and Peru (X tons) held a little share of total imports.

Chile was also the fastest-growing in terms of the protein concentrates and flavoured or coloured sugar syrups imports, with a CAGR of +30.8% from 2012 to 2021. At the same time, the United States (+20.4%), Peru (+19.8%), Germany (+11.9%), Canada (+10.5%), South Korea (+9.4%), Indonesia (+9.4%), the Philippines (+9.2%), the Netherlands (+8.4%), Spain (+6.9%), France (+6.1%) and the UK (+3.9%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. Chile (+14 p.p.) and the United States (+4.3 p.p.) significantly strengthened its position in terms of the global imports, while Mexico saw its share reduced by -2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup importing markets worldwide were the United States ($X), the Netherlands ($X) and Canada ($X), with a combined 22% share of global imports.

Among the main importing countries, the United States, with a CAGR of +24.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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