The global demand for Pea Protein Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022- 2028. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Pea protein is drawn out from green and yellow peas and utilize as some protein supplements and protein-enriched foods. It contains all the necessary amino acids, which is required for healthy body functions such as blood circulation, calcium absorption, weight management, metabolism, muscle, and blood sugar. This protein is 100% vegan and lactose-free and also safe for people with allergies to dairy and eggs. Therefore, vegetarians and vegans prefer these products to supplements with protein.
Rising popularity of meat substitutes, and issues related to lactose intolerance among adults along with high demand for gluten-free products are the key factors that drive the market demand. In addition to this, rising health awareness with nutrition enrichment and rising concerns regarding dairy and meat allergies is expected to boost the market growth during the forecast period. Though, vegan culture and strong desire of products such as plant-based protein beverages and protein snacks is anticipated to create potential opportunities for pea protein market in the coming year. However, limited data transmission range of VCSEL may hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of pea protein.
The entire pea protein market has been sub-categorized into type, form, source, and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Split yellow peas
- Meat substitutes
- Performance nutrition
- Functional foods
- Bakery products
This section covers regional segmentation which accentuates on current and future demand for pea protein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pea Protein Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the pea protein market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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