India: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in India

In 2023, the Indian market for protein concentrates and flavoured or coloured sugar syrups decreased by X% to $X, falling for the second consecutive year after ten years of growth. Overall, the total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Consumption of peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in India

In value terms, production of protein concentrates and flavoured or coloured sugar syrups shrank slightly to $X in 2023 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from India

In 2023, exports of protein concentrates and flavoured or coloured sugar syrups from India surged to X tons, rising by X% on 2022. In general, total exports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups expanded notably to $X in 2023. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from India, with a combined X% share of total exports. The Philippines, Turkey, Vietnam, Malaysia, Taiwan (Chinese), Indonesia, Qatar, Australia, the UK and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from India were Saudi Arabia ($X), the United Arab Emirates ($X) and South Korea ($X), with a combined X% share of total exports. The Philippines, Turkey, Vietnam, Taiwan (Chinese), Malaysia, Indonesia, Australia, the UK, Qatar and Jordan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Australia ($X per ton), while the average price for exports to Turkey ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into India

In 2023, imports of protein concentrates and flavoured or coloured sugar syrups into India shrank sharply to X tons, which is down by X% on 2022. In general, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups declined markedly to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United States (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to India, accounting for a X% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Hungary (X% per year).

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to India, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2023, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform