The global pea protein market size was estimated to be US$ 225 million in 2020 and is expected to reach US$ 600 million by 2031 at a CAGR of 9.4%. Pea protein is 100% vegetarian and sans lactose and is ok for individuals with hypersensitivities or sensitivities to dairy and eggs. Consequently, vegan diet lovers and vegetarians lean toward pea protein food items to supplements with protein acquired from dairy, like casein, whey proteins, eggs, or meat for long term consumption.
Pea proteins track down their significant application in the nourishment and fitness sector, as these properties are primarily needed in this industry. The present way of life embraced by individual’s cause’s number of health associated disorders because of ill-advised nourishment. Addition of pea protein into immunity and health supplements offers advantages to mental as well as neurological health, eye care, heart care, bulk, immunity, weight control, and sports endurance.
The uses of pea protein in sustenance and fitness improving supplements are principally expanding by adult populace, wellbeing and health pattern emerging since last few years’ worldwide and expanding generality of sicknesses diagnosed all around the globe at present. Plant-based protein items like soy, pea, potato, and others are well known. The wholesome profile of peas draws in buyers. It is a rich wellspring of nine unique amino acids, which helps in bettered blood circulation and heart health care. Iron substance assists with diminishing dietary deficiencies in ladies.
These items are mostly acquired from plant-based sources, making them ideal for purchasers choosing vegan food items. Furthermore, they are non-poisonous, non-unfavorably susceptible, and effectively edible with huge potential of addition in refreshments, meat substitutes, dietary enhancements, and pastry /bakery kitchen items. The rising significance of a flexitarian diet by virtue of expanding worries about cardiological disorders observed in association with red meat utilization is relied upon to stay a great factor for market development. Also, expanding awareness in regard to the hazardous impacts of food varieties containing gluten along with lactose is relied upon to assume a critical part in advancing the item demand during the projection years.
Pea protein is generally devoured in the sports area through ready to-drink nourishing items, setting up certain development direction for makers. Pea protein is included in nutritive syrups, tablets, energy powders, oat bars, and soups by virtue of different medical advantages, for example, muscle development, bone wellbeing improvement, and managed glucose levels. Rising need for sports nourishment items by virtue of elevating mindfulness about bone health and muscle improvement is relied upon to fuel the segment development.
These days, sports dietary food varieties are not limited to competitors. Purchasers are utilizing sports nutritive items for their psychological and physical fitness. Noticing market potential for sports sustenance items, makers are concocting different items utilizing dry and wet-prepared pea protein.
Europe is holding a bigger commitment to the vegetarian market. Pea protein is being utilized widely in assembling plant-based meat alternative food items. Subsequently, veganism is essentially affecting business sector improvements. North America is assessed to be the biggest market for pea protein both as far as worth and volume in 2020.
Pea Protein Market Value Share Analysis, by Geography (2021)
The report titled “Pea Protein Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Pea Protein Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The Pea Protein market is segmented as type, application, and region. Based on type, the Pea Protein market is segmented into Pea Protein Isolate, Pea Protein Concentrate, Others. Based on application, the Pea Protein market is segmented into Nutrition Supplements, Health Supplements, Bakery, Cereals, Snacks, Meat Products and Alternatives, Beverages, Others.
Based on geography, the Pea Protein Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Pea Protein Market. Further, market share of prominent companies in the Pea Protein Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the Pea Protein companies. The Pea Protein Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Pea Protein business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Pea Protein Market.
The key players of the Pea Protein Market are AGT Food and Ingredients Inc., Roquette Frères Le Romarin, Cargill, Incorporated, Verdient Foods Inc., E.I. Dupont De Nemours and Company, Anchor Ingredients Co., LLC, Ingredion Inc., Kerry Group, Farbest Brands, NOW Health Group, Inc., Burcon NutraScience Corporatio, Axiom Foods Inc., Glanbia plc, Cosucra Groupe Warcoing SA, Sotexpro, Emsland Starke GmbH, and others.
Pea Protein Market Key Segments:
Based on type
Based on application
By Region
The global Pea Protein market was worth US$ 225 million in 2020.
The global Pea Protein market is expected to register a CAGR of 9.4% between 2022 and 2032.
AGT Food and Ingredients Inc., Roquette Frères Le Romarin, Cargill, Incorporated, Verdient Foods Inc., E.I. are few prominent players active in the market.
North America is the principal contributor to the global Pea Protein market.
The uses of pea protein in sustenance and fitness improving supplements are principally expanding by adult populace, wellbeing and health pattern emerging since last few years’ worldwide and expanding generality of sicknesses diagnosed all around the globe at present. Plant-based protein items like soy, pea, potato, and others are well known.
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