The Pea Protein Market report for by type (Isolates, Concentrates and Textured) –by form (dry and liquid) – by application (meat extenders & analogues, bakery goods, dietary supplements, beverage and others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 180.35 Mn by 2026, at a CAGR of 24.23 %.
Pea protein is digging out from yellow pea, Pisum sativum, and has a typical pea amino acid profile. Peas enclose low methionine and cysteine and are high in lysine in assessment to other protein crops. Pea protein is a suitable substitute for persons who are sensitive or intolerant to dairy products. There is growing consumer awareness towards preventive healthcare and high nutritional value of pea protein are expected to lead global pea protein market. Additionally, pea protein is easier to digest than other plant proteins. These factors are expected to increase consumption of pea protein across the globe.
These products are compatible the products such as ice creams, infant foods, chocolates, baked products counting bread, cake and oatmeal affecting to their excellent emulsification, oil & water retention and foaminess. Increasing product demand for sports nutrition and weight management and easy availability in powder form creation it’s suitable for gym freaks to benefit protein intake in their daily lives is expected to boost market growth.
Isolates segment is expected to dominate the growth in the global pea protein market.
Isolates products are used as suitable agents in meat goods owing to it offers properties such as high amino acid content, excellent emulsification, high solubility, and good water-binding characteristics. These factors are expected to increase product demand.
Liquid form expected to grow at a high rate of CAGR during the forecast period.
The liquid form is projected to be the fastest rising segment during the forecast period. The growth in the market is attributed to the ease of merger with other food components. It is one of the key facets of the liquid pea protein. Liquid form proteins are expected to boost the pea protein market owing to increasing adoption of this form of protein. Substantial consumption of nutritional drinks, sports drinks, and other beverages in developing and developed countries across the globe is expected to provide opportunities for liquid-based food ingredients during the forecast period.
North America is expected to share significant growth in the global pea protein market followed by Europe.
The North America pea protein market is expected to share favorable growth during forecast period followed by Europe. The North America pea protein market is projected to expand at a high rate of CAGR during the forecast period. Increasing demand for pea protein from growing consumer awareness towards preventative healthcare is expected to increase the demand in the region. Increasing consumer awareness for healthy, gluten-free food ingredients and weight management is expected to propel the industry growth. These products increase muscle strength, cardiovascular health, gastrointestinal health, stimulates appetite and fat loss. Robust growth of the sports nutrition industry in this region and growing concerns towards cardiovascular diseases caused owing to red meat consumption are expected to fuel pea protein market growth. Furthermore, Europe is the second largest region, which is expected to share significant market share in the global pea protein market. Increasing awareness among food & beverage producers and high requirement from countries U. K., Germany is expected to boost the pea protein market in this region.
This report comprises a study of marketing and development approaches, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Fenchem Biotek Ltd, Prinova Group LLC, Yantai Shuangta Food Co, AGT Food & Ingredients, Inc., Burcon Nutrascience, Shandong Huatai Food, Yantai Oriental Protein Tech Co, Shandong Jianyuan Foods Co and Axiom Foods Inc., World Food Processing LLC., Yantai T Full Biotech Co. Ltd., Yantai Shuangta Food Co, Suzhou Wanshen Flour Products Co, Cosucra Groupe Warcoing, Nutri-Pea Limited, Sotexpro, Roquette Frères, Glanbia Plc, Shandong Jindu Talin Foods Co.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global pea protein market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global pea protein market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global pea protein market positioning of competitors.
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