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%.
The Pea Protein Market has witnessed remarkable growth in recent years, fueled by increasing consumer demand for plant-based protein alternatives, coupled with rising awareness of health and sustainability benefits. Pea protein, derived from yellow peas, has emerged as a versatile and nutritious ingredient, appealing to a wide range of consumers, including vegetarians, vegans, fitness enthusiasts, and individuals with dietary restrictions.
The market for pea protein is diversified across various applications, including food and beverages, dietary supplements, animal feed, and pet food. In the food and beverage sector, pea protein is commonly used in products such as plant-based meat alternatives, dairy alternatives (like milk and yogurt), bakery goods, snacks, and nutritional bars. Its neutral taste and excellent functional properties make it a versatile ingredient for formulators seeking to enhance the nutritional profile and texture of their products.
Top Company Profiles Include in Pea Protein Market Report:
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.
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The latest research on the Pea Protein Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Pea Protein Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Pea Protein Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation Analysis of Non-Alcoholic Wine and Beer Market:
By Type
- Isolate
- Concentrate
- And Textured
By Form
- Dry
- Wet
By Source
- Yellow Splits Peas
- Lentils
- Chickpea
By Application
- Nutrition and Health Supplements
- Bakery and Confectionery
- Meat Products and Alternatives
- Cereals and Snacks
- Beverages
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Market Dynamics And Factors For Pea Protein Market
Drivers:
Increased health consciousness, multiple health benefits, and growing demand for meat protein substitutes have increased the demand for pea protein in the few years, thus hastening the growth of the pea protein market. Additionally, factors, such as the trend of living application of pea protein in different products, consistent increase in food & beverages sector, increased demand for organic-based foods, and R&D in protein-based products, have triggered the global pea protein market growth.
Restraints:
Poor consumer awareness regarding pea protein-based products and formulation challenges in pea protein products retrain the growth of the market to a greater extent.
Opportunities:
The incorporation of pea protein in sports nutrition and weight-management products are expected to grow the popularity and demand for pea protein in the upcoming years. The inclusion of pea protein into health supplements gives benefits to brain health, eye health, heart health, muscle mass, immunity, weight management, and sports performance. The usage of pea protein in nutrition and health supplements is mainly fueled by the aging population, health & and wellness trend, and the growing prevalence of diseases.
Influence of the Report:
- A comprehensive evaluation of all the opportunities and risks in the Keyword market.
- Recent innovations and major developments in the Keyword market.
- A detailed study of the business strategy for the growth of the player leading in the market.
- The definitive study on the future growth of the market.
- In-depth understanding of the Keyword market-specific drivers, constraints, and key micro markets.
- Favorable technology and market latest trends to hit the market.
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