A recent report published by Infinium Global Research on pea protein market provides in depth analysis of segments and sub-segments in global as well as regional pea protein market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pea protein market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pea protein market. According to report the global pea protein market is projected to grow at a CAGR of 13.1% over the forecast period of 2018-2024.
Market Insight
Pea
protein is a food ingredients with a neutral taste. It is used in dairy
alternatives such as cheese and yogurt. It is obtained from the yellow pea, pisum
sativum, and has a typical legume amino acid in it. Pea protein has a variety
of application in the food and beverage industry. It is segmented into
concentrates, isolates and textured pea depending on their protein content. It
is used as meat extender, substitutes and analogs.
Adoption
of a healthier lifestyle due to the increasing concern for health and wellness
among the consumers across the world is pushing forward the demand for the
global pea protein market are the key factor driving the demand for the global
pea protein market. Expansion of the nutraceutical industry and the rising
demand for gluten free products are also driving the global pea protein market.
In addition, the rising consumption of meat substitutes, growing application of
pea protein for sport’s nutrition segment are some of the major drivers
for the global pea protein market. In addition, the increasing concern towards
lactose intolerance levels is driving the demand for the global pea protein
products.
On
the basis of region, the Global Pea Protein market is segmented into North
America, Europe, Asia, and the Rest of the World (RoW). North America accounts
for the major market share followed by Europe. North American Pea protein
market is growing due to rising demand of French-grown yellow peas, which is
also branded by Roquette under the name of Nutralys. Germany has the highest
market share in the European region. Asia-Pacific is an emerging
market in the sector due to its increasing health consciousness and increasing
influence of western culture. Asia Pacific region is expected to grow at the
highest CAGR compared to other regions, and China occupies the leading market
position, with India and Japan being other important high potential markets.
Segment Covered
The report on global pea protein
market covers segments such as, type, application and form. On the basis of type the global pea protein
market is categorized into isolates, concentrates and textured. On the basis of
application the global pea protein market is categorized into meat extenders
and analogs, snacks & bakery products, nutritional supplements and
beverages. On the basis of form the global pea protein market is categorized
into dry and wet.
Geographic Coverage
The countries covered in the North
America region include the U.S., Canada, and Mexico; while Asia-Pacific
includes China, Japan, India, South Korea, Malaysia, and among others.
Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the
European region. The U.S. drives the growth in the North America region as it
is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience a growth at
a CAGR of x.x% over the period of 2018-2024.
Companies Profiled:
The report provides profiles of
the companies in the global pea protein market such as, Roquette Frères
(France),, Burcon Nutrascience Corporation (Canada),, Cosucra Groupe Warcoing
(Belgium), Nutri-Pea Limited (Canada),, Sotexpro (France), Axiom Foods, Inc.
(U.S.),, Farbest Brands (U.S.),, Shandong Jianyuan Foods Co., Ltd. (China),,
Yan Tai Shuang Ta Food Co., Ltd. (China) and The Scoular Company (U.S.).
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global pea protein market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pea protein market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pea protein market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the pea protein market to understand the present and future trends in this market and formulate their strategies accordingly.
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