(MENAFN- Introspective Market Research) The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
Pea belongs to the legume family which includes peanuts, beans, lentils, and soybeans. Pea protein is extracted from green and yellow peas and it is used in some protein supplements and protein-based food products. In addition, pea protein contains all the essential amino acids required for the human body's function. Pea protein helps to boost blood circulation, weight management, calcium absorption, improving muscle, and manage blood sugar. Pea protein is a pure vegan substance, lactose-free, and safe for those people who have allergies to dairy products and eggs.
Moreover, the usage of pea protein in human food products has been steadily increased globally. The availability of pea protein, its physical and processing characteristics, nutritional value, and cheap cost have increased its application as a novel and effective alternative to substitute for soybean or animal proteins in functional foods. Therefore, vegetarians and vegans prefer pea protein products to supplements with protein derived from dairies, such as casein, whey proteins, eggs, or meat.
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The Major Players in The Global Pea Protein Market:
• Dupont
• The Scoular Company
• Emsland Group
• Puris Foods
• Rouquette Freres
• Cargill Incorporated
• Fenchem Inc.
• Burcon Nutrascience
• Nutri-Pea Ltd.
• Ingredian Inc.
• Axiom Foods Inc.
• The Green Labs LLC.
• Sotexpro SA
• Shandong Jianyuan Group
• Martin and Pleasance
• Cosucra Group and other major players.
Market has segmented the Global Pea Protein Market on the basis of Type, Application, and region:
By Type:
• Isolate
• Concentrate
• And Textured
By Application:
• Nutrition and Health Supplements
• Bakery and Confectionery
• Meat Products and Alternatives
• Cereals and Snacks
• Beverages
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
COVID-19 pandemic crisis adversely affected the pea protein market due to lockdown in the country to country, restriction for the economic activities, shut down of productions units, interruption in a transportation facility and limitation for workers in factories are responsible to affect market growth. However, growing awareness about plant-based food including protein other than animal-based protein has demand after the pandemic and has expected to continue in the forecast period. COVID-19 is providing unexpected growth to the plant-based protein industry.
Reasons to purchase the report:
• Visualize the composition of the Global Pea Protein Market products in terms of Product and application highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Global Pea Protein Market by analyzing trends and co-development deals.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Form
3.3 By Source
3.4 By Application
To be continued…….
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