As per our research on the Global Pea Protein Market, the market was estimated at around USD 2.3 billion in 2021 and is projected to witness a CAGR of 13% during 2022-2030, to reach around USD 6.8 billion by 2030. The report examines the Pea Protein market’s drivers and restraints, as well as their impact analysis. Also, the report mentions global opportunities prevailing in the Pea Protein market.
Pea Protein Market: Overview
Pea Protein is regarded as a premium plant-based protein that is typically extracted from yellow peas. It improves the nutritional value of foods and supplements that are protein-fortified. It helps with blood circulation and in lowering high cholesterol. It aids in increasing metabolism and physical strength.
Due to its high protein content, accessibility, and affordability, Pea Protein is currently a preferable substitute for traditional proteins, such as animal, wheat, and soy protein. Since it contains amino acids, vitamins, and minerals, it is one of the best sources of protein for vegans and vegetarians.
People seeking gluten-free products, as well as those with lactose intolerance or any other form of metabolic problem, are becoming more and more interested in Pea Protein. The growth of the global Pea Protein market is anticipated to be fueled by all these benefits of Pea Proteins.
Browse the full “Pea Protein Market By Product Type (Isolates, Concentrate, Textured), By Application (Dietary Supplements, Beverages, Meat Substitutes, Baked Goods, Others), By Form (Dry, Liquid), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/pea-protein-market/
Rising awareness for plant-based protein is driving the Pea Protein market
The Pea Protein market is witnessing growth owing to rising consumer awareness regarding the benefits of eating a balanced diet and increased health consciousness. The market growth is anticipated to be positively influenced by the growing emphasis on a flexitarian diet due to growing knowledge of the negative effects red meat consumption has on the heart.
The surging concerns related to the harmful effects of food items containing gluten and lactose are further projected to push the market growth during the forecast period. Additionally, a rise in the number of flexitarians and vegans will probably benefit the expansion of the Pea Protein market. Due to the growing need for protein supplementation in food items among consumers, numerous food & beverage firms worldwide are introducing new Pea Protein-based products.
According to estimates, the Pea Protein market is dominated by the Isolate category. Due to rising awareness regarding the advantages of Pea Protein isolates and their high protein content, these Pea Protein isolates have been adopted more frequently worldwide. This market’s expansion on a global scale is aided by its extensive use in vegan protein powder, snack bars, and plant-based meats. Based on application, the dietary supplement segment is expected to dominate the pe protein market through the projected period.
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The Asia Pacific Region is experiencing high demand for Pea Protein
Over the course of the study, Asia Pacific is predicted to see a profitable growth rate. The main element for this growth is the rise in the consumption of functional foods in significant emerging nations, including South Korea, China, and India. Additionally, it is anticipated that the booming food and supplement industries will accelerate market expansion in the Asia Pacific region.
Key Players Insights
Our market analysis includes a section specifically devoted to key players operating in the Pea Protein market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
Some of the prominent players
- Sotexpro SA
- Roquette Freres, Warcoing SA
- Puris Protein LLC
- Ingredion Inc.
- Axiom Foods Inc.
- The Scoular Company
- Cosucra Groupe, Nutri-Pea Limited
- Cargill Inc.
- Kerry Inc.
- Growing Naturals LLC
- A&B Ingredients
- Glanbia plc
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