U.S.: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2023

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in the U.S.

The U.S. market for protein concentrates and flavoured or coloured sugar syrups stood at $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in the U.S.

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reached $X in 2021. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 21%. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from the U.S.

Exports of protein concentrates and flavoured or coloured sugar syrups from the United States totaled X tons in 2021, picking up by 8.2% on 2020 figures. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 16%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups reached $X in 2021. The total export value increased at an average annual rate of +5.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 34%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons), Mexico (X tons) and the Netherlands (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from the United States, with a combined 36% share of total exports. South Korea, the UK, the United Arab Emirates, South Africa, Australia, Japan, Colombia, the Dominican Republic, Thailand and Guatemala lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for protein concentrate and flavoured or coloured sugar syrup exports from the United States, comprising 18% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.5% share of total exports. It was followed by South Korea, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.2% per year) and South Korea (+12.2% 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, reducing by -2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The export price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.8%), 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 the U.S.

In 2021, imports of protein concentrates and flavoured or coloured sugar syrups into the United States rose markedly to X tons, picking up by 6.4% compared with the year before. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 162%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to the United States, accounting for a 58% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Brazil (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and Brazil (+31.8% per year).

In value terms, Canada ($X) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to the United States, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 7.1% share of total imports. It was followed by Mexico, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Mexico (+46.8% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, jumping by 29% against the previous year. In general, the import price recorded a noticeable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Israel ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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