Global Pea Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Pea Protein Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Pea Protein Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global pea protein market report has been segmented on the basis of product, form, application, and region.
Pea Protein Market Overview:
Pea Protein Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Pea protein is a food additive made by extracting the soluble pea protein from yellow split peas, which is used in dairy alternatives such as cheeses, and yogurt.
It is not the same as ground peas since most of the starch and fiber from peas are removed. Pea protein is considered a good protein source, which contains all nine of the essential amino acids including branched-chain amino acids, which are well-known for decreasing muscle breakdown after workouts.
Increasing demand for pea protein as dietary supplements and rising health awareness among consumers are major factors driving the growth of the global pea protein market.
Increasing lactose tolerant populations are adopting pea protein, owing to its dairy-free content, and rising demand for gluten-free products are other factors expected to further boost the growth of the global pea protein market over the forecast period.
Rising adoption of pea protein in foods such as soups, puddings, snacks, and stews, and high usage in animal feed products by mixing with cereals or canola oil to improve protein quality are other major factors expected to support the growth of the target market.
In addition, pea proteins are effective in reducing ailments of the heart and kidney, and growing awareness among consumers about the nutritional benefits of pea protein are other important factors expected to contribute to the growth of pea protein in the global market.
However, excess consumption of pea proteins has some adverse side effects such as gastrointestinal ailments like diarrhea and bloating which is a major factor restraining the growth of the global pea protein market.
The high price of pea protein is another major factor expected to hamper the growth of this market over the forecast period.
The market in North America is expected to dominate the global pea protein market and account for a major share in terms of revenue, owing to factors such as rising demand for gluten-free products, and growing health concerns among consumers in countries in the region.
The market in Europe is expected to account for the second-highest revenue share in the target market, owing to factors such as the rising adoption of pea protein for bakery goods, and the increasing preference of the lactose intolerant population for its non-dairy content.
The market in Europe is followed by markets in the Asia Pacific, Latin America, and Middle East & Africa.
Global pea protein market segmentation:
Segmentation by product:
Segmentation by form:
Segmentation by application:
- Meat extenders & analogs
- Bakery Goods
- Dietary Supplements
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Burcon NutraScience Corporation
- Cosucra Groupe Warcoing SA
- Nutri-Pea Limited
- Roquette Frères
- Axiom Foods Inc.
- Glanbia Nutritionals, Inc.
- A & B Ingredients Inc.
- Agridient BV
- Fenchem Inc.
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