The global Pea Protein market is expected to reach USD 58.37 Billion by 2028, according to a new report by Reports and Data. This can be mainly contributed by the rising adoption of vegan and vegetarian food among the western population, technological advancements in extrusion processing, changing consumer lifestyles and rising health concerns, growing health awareness and increasing demand of gluten free products, growing inclination towards preventive healthcare among developing economies and growing applications in the sports nutrition industry
Pea proteins are extracted from the yellow pea, Pisum sativum. Peas have a high amount of amino acid profile, minerals vitamins, starches and fibers. They are considered as a good substitute for soybean as a functional additive in food products intended for human consumption. Pea protein concentrate (PPC) and pea protein isolate (PPI) have the biggest potential as food ingredient.
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Top Companies Operating in the Global Pea Protein Market Report:
Nutri-Pea Limited, Cosucra Groupe Warcoing, Roquette Frères, Sotexpro, Fenchem Biotek Ltd, Glanbia Plc, Yantai Shuangta Food Co, Prinova Group LLC, Burcon Nutrascience, AGT Food Ingredients, Inc., Yantai T Full Biotech Co. Ltd., World Food Processing LLC., Suzhou Wanshen Flour Products Co, Yantai Shuangta Food Co, Shandong Huatai Food, Shandong Jindu Talin Foods Co, Shandong Jianyuan Foods Co Yantai Oriental Protein Tech Co, and Axiom Foods Inc.
Further key findings from the report suggest
- The market is segmented on the basis of type into isolates, concentrates and textured. Isolates are expected to witness the highest growth, with a CAGR of 7.6% during the forecast period, since they are used as the substitutes of meat.
- The study is segmented on the basis of form into powder (dry) and paste (wet). The former segment accounted for the largest market share in 2018 and is expected to dominate the segment throughout the forecast period with a CAGR of 7.2%, majorly due to its significant use in its consumption as nutritional health supplements, meat, and bakery products.
- PPI can easily be added to shakes, smoothies, or protein-rich recipes, and can also be added into supplements and bars as well.
- The study is segmented on the basis of applications into beverage, bakery products and snacks, confectionery, meat applications and nutritional supplements. Nutritional supplements segment dominates the sector in 2018, with a CAGR of 6.9% during the forecast period.
- The study is segmented on the basis of distribution channels into supermarkets, health stores, online stores and others. Supermarkets played a prominent role in distributing the product in 2018, with a CAGR of 6.14% during the forecast period. Several retailers have tied up with manufacturers for the distribution of these products.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA. North America dominated the global market in 2018 with 40% share, attributed to the booming sports nutrition industry.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Pea Protein market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Pea Protein market is provided to gain a deeper understanding of its growth and progress.
The global Pea Protein market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Volume, Kilo tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Isolates
- Concentrates
- Textured
Form Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Powder (Dry)
- Paste (Wet)
Distribution Channels Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Supermarkets
- Health Stores
- Online Stores
- Others
Applications Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Beverages
- Bakery products snacks
- Confectionery
- Meat applications
- Nutritional supplements
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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