Pea protein is a food product and protein supplement derived and extracted from yellow and green split peas. It is a high-quality protein and a great source of iron. Pea protein is used for treating obesity problems, losing weight, and increasing muscle strength. It is used as an ingredient in food manufacturing, such as a thickener, foaming agent, or an emulsifier.
Market Dynamics
- The ongoing trend of vegetarianism due to the growing popularity of vegan food products is expected to foster the market growth of global pea protein market. According to The Vegan Society, meat substitute sales grew by 451% in the Europe market in the four years from February 2018. Moreover, the U.K. meat-free market is expected to grow from US$ 543.12 Mn in 2016 to US$ 639.31 Mn in 2021. Thus, the growing vegetarian population is expected to surge the market growth.
- Growth in the retail industry, such as supermarkets and hypermarkets, is expected to accelerate the market growth of the global pea protein market. The retail industry reached US$ 950 billion in 2018 at a CAGR of 13% and is expected to reach US$ 1.1 trillion till 2020.
- The specialized issue associated with the processing of end products as rooting pea protein from unheroic peas is little complex and is projected to restrict the market growth. The extraction of pea protein requires several stages such as lactic fermentation, thermal denaturation, and is considered to be a time taking process before processing into end products.
Key features of the study:
- This report provides an in-depth analysis of the global pea protein market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global pea protein market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study include Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
- The global pea protein market report caters to various stakeholders in this industry including investors, suppliers, sodium hypochlorite manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global pea protein market
Detailed Segmentation:
- Global Pea Protein Market, By Type:
- Isolates
- Concentrates
- Textured
- Global Pea Protein Market, By Application:
- Bakery and Snacks
- Dietary Supplementation
- Beverages
- Meat Analogs/Substitutes
- Global Pea Protein Market, By Region:
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- GCC
- Israel
- Rest of Middle East
- North Africa
- Central Africa
- South Africa
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
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- Burcon Nutrascience
- Cosucra Groupe Warcoing
- Nutri Pea Limited
- Sotexpro
- Roquette Freres
- Glanbia Plc.
- Fenchem Biotek Ltd.
- Prinova Group LLC
- Yantai Shuangta Food Co.
