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Global Pea Protein Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
Market Overview
Global pea protein market is forecasted to reach USD 49.51 million by 2024 growing at a CAGR of 8.9% during the forecast period (2019 - 2024).
- As the vegan diet is given preference among a large section of developed economies such as European Union, US, and Canada, the market for pea protein along with other vegetable proteins has been increasing as an alternative source of protein. Among various vegetable protein, the good nutritional profile of pea protein is responsible for its growth in market share.
- Pea protein also has a limited amount of allergen, which makes it an obvious choice for people who are milk/meat intolerant. Increasing western influence is also increasing the pea protein market in developing nations.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Cargill, Incorporated, DuPont, Kerry Inc., Glanbia plc, The Scoular Company, Avebe, Growing Naturals, LLC, Puris Proteins, LLC
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
Textured Pea Protein Dominates the Pea Protein Market
Textured proteins are excellent sources of protein and fibre. Many public schools in North America are using textured vegetable proteins as a food source in the breakfast and lunch programs. It meets standards of nutrition but is economical as well. Plain textured proteins have zero cholesterol. The potential market application for textured pea protein includes meat alternatives and extenders. The textured pea proteins segment is further divided into dry textured and wet textured protein based on their extraction form. The textured pea protein segment is estimated to be the fastest growing type due to its application as meat analogues, extenders & substitutes in Hamburger, ground meat, stuffing, sausages, vegetarian products, Bolognese sauces, pizza dressing and nuggets.
North America Dominates the Market
North America is the largest market followed by Europe. Asia-Pacific is an emerging market in the sector due to its increasing health conscious and western influenced populations. South American and Asian developing countries present the most attractive markets due to larger younger populations that are employing. Pea protein is used extensively because of its nature that helps in bodybuilding and also acts as excellent dietary supplements. The pea protein market is an integral part of the food & beverage industry. Its driven by the rising demand for processed and healthy food products. It is also an alternative to meat food, which is gaining popularity in the western regions.
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Major points covered in this research are:-
─Pea Protein Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
─Global Market Size (Value) of Pea Protein (2020-2025)
─Global Pea Protein Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2015)
─Global Pea Protein Production, Revenue (Value), Price Trend by Type
─Global Pea Protein Market Analysis by Application
─Global Pea Protein Manufacturers Profiles/Analysis
─Pea Protein Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Pea Protein Market Forecast (2020-2025)
─Competitive Landscape
─Research Findings and Conclusion
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Finally, this Pea Protein report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Pea Protein product development and gives an outline of the potential Global market.
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