A recently published report titled, “Pea Protein Market: Opportunity Analysis and Future Assessment 2023-2030” offers a thorough and profound assessment on the market stature along with the top leading facts and figures, definition, overview, expert opinions, SWOT analysis, as well as the recent developments of the market all around the world. The market report also computes the market size, market sales, revenue, price, market share and gross margin and market forecast, growth rate and cost structure. The report estimates the revenue created from the sales and technologies by various application segments.
The pea protein market is estimated to reach at a value of 911.3 Mn by the end of 2022 and expected to reach at a value of US$ 1,732.5 Mn by 2030 with a significant CAGR of 11.7%.
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Pea Protein Introduction
Pea protein can be comrepheded as the extract derived from yellow and green split peas and is majorly utilized to make protein powder. Pea proteins usually function as a bottom in packaged foods such as vegan mayo, veggie burgers, and even substitutes dairy in some milk and ice creams.
Pea protein is considered as a great source of iron. It also serves as an additional supplement in food products like shakes and smoothies in order to strengthen the protein content and is also an excellent fit for most of the diet since it is naturally hypoallergenic and vegan. Pea protein consists of nine vital amino acids that the human body is not capable of producing.
Pea Protein Market Dynamics
Some of the major factors that are essentially driving the demand of pea protein across the global markets are numerous health benefits, improved health consciousness among the population as well as elevated demand for alternatives for meat proteins, which in turn, is projected to upsurge the growth of the global pea protein market in the years to come.
In addition to that, the rapid advancements in the food & beverages industry, in the present times, along with the escalating trend of healthy living and consumption of organic food is further encouraging the employment of pea protein in several different products which is expected to boost the growth of the global pea protein market in the forthcoming future.
Furthermore, the rising number of consumers looking for pure labels, excellent taste, and unconventional protein sources to fulfil their needs of personalized nutrition choices is further estimated to propel pea protein market growth in the coming years.
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Pea Protein Market Segmentation
The global pea protein market is segmented on the basis of type, form, source, application, and region.
By Type
- Isolates
- Concentrates
- Textured
By Form
- Dry
- Wet
By Source
- Split yellow peas
- Lentils
- Chickpeas
By Application
- Meat substitutes
- Performance nutrition
- Functional foods
- Snacks
- Beverages
- Bakery products
- Confectionery
By Region
- North America
- Latin America
- Europe
- Africa
- Middle East
- Asia Pacific
Pea Protein Market Key Players
The key participating players of the global Pea Protein market include Roquette Freres, Ingredion, Puris Foods, Emsland Group, Fenchem Inc, DuPont, The Green Labs LLC, A&B Ingredients, Glanbia PLC, The Scoular Company, Axiom Foods Inc, Burcon Nutrascience Corp, Cosucra Groupe Warcoing, SotexPro, AGT Foods, Shandong Jianyuan Foods Co., Ltd., YanTai ShuangTa Food Co., Ltd., Kerry Inc, ET-Chem, and Batory Foods., among others.
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