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The latest report by IMARC Group, titled“ Pea Protein Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ,” offers a comprehensive analysis of the industry, which comprises insights on global pea protein market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
How Big is the Global Pea Protein Market:
The global pea protein market size reached US$ 1,105.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,057.0 Million by 2032, exhibiting a growth rate (CAGR) of 11.6% during 2024-2032.
Market Overview:
Pea protein is a plant-based protein derived from yellow peas, specifically Pisum sativum. It serves as an alternative protein source for individuals following vegetarian, vegan, or allergen-sensitive diets. The manufacturing process involves cleaning, milling, and separating the protein from the starch and fiber in peas. This is typically achieved through mechanical methods such as milling and fractionation or by using solvent extraction. The importance of pea protein extends beyond its nutritional content. Its versatility allows for incorporation into a wide range of food products, including plant-based meats, dairy alternatives, protein bars, and powdered supplements. The benefits of pea protein consumption are numerous. It supports muscle growth and repair due to its high protein content and amino acid profile, making it an ideal post-workout supplement.
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Global Pea Protein Market Trends:
The global market is primarily driven by the increasing consumer awareness of plant-based protein's health benefits and sustainability. Additionally, the rising concerns about allergens and dietary restrictions have stimulated demand for pea protein products further driving market growth. Moreover, the expanding sports nutrition sector, coupled with the growing trend of health-conscious lifestyles, is bolstering market growth.
Furthermore, strategic collaborations and partnerships among key players in the food industry to innovate and launch new pea protein-based products are fueling market expansion. In line with this, continual advancements in pea protein processing technologies and ingredient functionalities are expanding its application scope, driving innovation and product development in the food and beverage industry contributing to market expansion.
By the IMARC Group, Some of the Top Key Players Operating in the Global Pea Protein Industry are Given Below:
Axiom Foods, Inc. Cosucra-Groupe Warcoing Nutri-Pea Limited Roquette Frères S.A. Shandong Jianyuan Foods Co., Ltd Sotexpro SA The Scoular Company Naturz Organics Fenchem Glanbia Plc
Key Market Segmentation:
Breakup by Product Type:
Isolates Concentrates Textured
Breakup by Application:
Dietary Supplements Bakery Products Meat Substitutes Beverages Others
Breakup by End User:
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook ( 2024-2032 ) COVID-19 Impact on the Market Porter's Five Forces Analysis Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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