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 the report the global pea protein market is projected to grow at a CAGR of 13.1% over the forecast period of 2018-2024.
Pea protein is a food ingredient 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 a 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, the 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 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 the 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 the 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.
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.
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 substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
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.).
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global pea protein market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into 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 insight into 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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