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Pea Protein Market Poised to Grow at a CAGR of 13.1% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Pea Protein Market. The report presents analysis of global as well as regional markets of pea protein market over the period of 2016 to 2024. Changing lifestyle of the consumers is the key factor driving the demand for the global pea protein market. 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. In addition, the increasing concern towards lactose intolerance levels is 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.

 

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.

 

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 conscious and western influenced populations. Asia Pacific is expected to grow faster compared to other regions, and China occupies the leading market position, with India and Japan being other important high potential markets. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global pea protein market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global pea protein market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1794

 

The recent report identified that North America dominated the global pea protein market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the pea protein market worldwide.

 

The report segments the global pea protein market on the basis of Type, Application and Form.

 

Global Pea Protein Market by Type

·         Isolates

·         Concentrates

·         Textured

 

Global Pea Protein Market by Application

·         Meat Extenders and Analogs

·         Snacks & Bakery Products

·         Nutritional Supplements

·         Beverages

 

Global Pea Protein Market by Form

·         Dry

·         Wet

 

Companies Profiled in the Report

·         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)

·         The Scoular Company (U.S.).

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.