Pea Protein Market Report 2019 Foresees the Market to reach USD 359.9 MN by 2026
Posted On April 03, 2020
During the period of 2020-2026 it is expected that the Global Pea Protein Market will showcase a CAGR of 8%. The market is foreseen to reach USD 359.9 MN by 2026 while it was valued at USD 210.0 MN in 2019 as stated in a the published market study by Value Market Research. A rise in health and well-being awareness, trends of flexitarian diet, manifold health benefits, and increased demand for meat alternatives have lifted the global demands of pea protein in years past, thus driving the growth in the future. The current trends of using pea protein as an active ingredient in several products, a continual increase in food & beverage industries, and lifted need for organic-based foods have thrived the pea protein market growth worldwide. However, low consumer awareness is likely to restrict product penetration. The application of pea protein in the manufacturing of sports nutrition and weight-management products is anticipated to increase the global demands in the future.
Peas are an excellent source of arginine, an amino acid used by the human body to build muscles. Exhibiting neutral taste, pea proteins are commonly used as meat-alternatives. It is extracted from yellow or green peas and used extensively in protein supplements (bars, powders) and other protein-enriched foods. Its consumption is safe for people with sensitivities to dairy and eggs as it is lactose-free and a hundred percent vegan. Unlike other plant-based proteins like rice, this is a complete protein comprising of all nine of the essential amino acids.
The report "Global Pea Protein Market Report By Type (Isolates, Concentrates, and Textured), By form (Dry and Wet), By source (Split yellow peas, Lentils, and Chickpeas), By application (Meat substitutes, Performance nutrition, Functional foods, Snacks, Beverages, Bakery products, and Confectionery) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.
On the basis of type the pea protein market is divided into isolates, concentrates, and textured. By form the market is divided into dry and wet. On the basis of source the pea protein market is divided into split yellow peas, lentils, and chickpeas. By application the market is divided into meat substitutes, performance nutrition, functional foods, snacks, beverages, bakery products, and confectionery.
Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Pea Protein Market -
- Split yellow peas
- Meat substitutes
- Performance nutrition
- Functional foods
- Bakery products
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Rouquette Freres, Ingredion, Puris Foods, Emsland Group, Fenchem Inc, DuPont, The Green Labs LLC, A&B Ingredients, Glanbia PLC, The Scoular Company, Axiom Foods Inc , and Burcon Nutrascience Corp.
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