Market Overview: Global Pea Protein Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Pea Protein Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Pea Protein Market Insights 2024-30
The Global Pea Protein Market size was valued at around USD 1.4 billion in 2022 and is projected to grow at around 8% CAGR during the forecast period, i.e., 2024-30.
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Top Players in the Pea Protein Market:
Rouquette Freres
Ingredion Incorporated
Puris Protein Llc
Fenchem Inc.
Dupont
Axiom Foods Inc
Burcon Nutrascience Corp
Cosucra Groupe Warcoing
Sotexpro
Shandong Jianyuan Foods Co., Ltd.
Yan Tai Shuang Ta Food Co Ltd.
Et-Chem
Agt Foods
The Green Labs Llc
Nutri-Pea Limited
Others
Segmentation Analysis of Pea Protein Market
Pea Protein Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Application
Performance Nutrition
Meat Substitutes
Functional Foods
Snacks
Bakery Products
Beverages
Confectionery
Of them all, the demand for Meat Substitutes is anticipated to demonstrate the fastest growth in the Global Pea Protein Market during the forecast period. It attributes principally to the increasing health issues like obesity, diabetes, etc., among people, i.e., shifting them toward adopting vegan dietary habits and consuming plant-based food products. It, in turn, is augmenting the demand for pea protein products as meat substitutes and positively influencing the overall market growth.
In addition, increasing consumer awareness about the high amount of saturated fats present in processed & red meat and their severe effects on health is also playing a crucial role in propelling the demand for pea protein as meat substitutes. Besides, animal rearing is making a considerable impact on natural resources causing deforestation & even contributing to global warming.
These aspects are likely to spread awareness among people and shift their food habits from meat to meat substitutes & vegan food. It, in turn, shall augment the demand for pea proteins while generating significant growth opportunities for the leading market players to develop new meat substitutes using pea protein.
-By Type
Isolates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Textured- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Concentrates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Others (Hydrolyzed, Fermented, etc.) - Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
-By Form
Dry- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Wet- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
-By Nature
Organic- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Conventional- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
-By Source
Chickpeas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Yellow Split Peas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
Lentils- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
A Comprehensive Geographical Analysis:
-By Region
North America
South America
Europe
Middle East & Africa
Asia-Pacific
North America dominated the market with the largest share in recent years, and the same trend is likely to be followed during 2024-30. It owes principally to the mounting consumer inclination toward consuming gluten-free products due to the rising awareness about their benefits like improved energy levels, better weight management, reduced health issues like joint pain, bloating, frequent headaches, and improved bone health.
The sports & fitness sector in North America is expanding swiftly and becoming a prominent consumer of pea protein. It is principally for producing dietary supplements like energy drinks, protein shakes, & other dietary food. As a result, the leading players in the regional market are increasing their production capabilities and working on manufacturing new fitness & energy-based supplements exhibiting pea protein.
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