In-Depth Exploration of the Pea Protein Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2024 to 2032.
Report Ocean has recently released a comprehensive research report on the global Pea Protein Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Pea Protein Market is valued approximately USD 49.02 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 23.60% over the forecast period 2020-2027.
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Pea protein isolate continues to account for relatively high sales thanks to its over 90 percent protein content, which is segregated from other pea components. Amid the growth of the ‘free-from’ movement, textured vegetable proteins have accumulated momentum because they are free of fat and have no cholesterol, which has an effect on demand for texturized pea proteins. Further, the popularity of pea protein in food products is rising due to the change in demand from animal protein to plant protein. This propensity towards plant-based diet is related to reasons such as sustainability, wellness, religious values, and environmental and animal rights. According to reports released by the Plant Based Foods Group, there was a substantial rise in plant-based foods in the United States between 2017 and 2018, with just 50 per cent registered for substitute dairy foods. Furthermore, plant protein processing is known to be more environmentally sustainable than animal proteins. Government associations around the world are also now promoting the use of organic and vegetarian food sources. For example, The European Vegetarian Union (EVU) urges the EU Commission to of the production of animal products in the light of its climate policy.
The EU has urged decision-makers to adopt policies to facilitate a societal dietary change. However, low consumer awareness about the pea protein-based products impedes the growth of the market over the forecast period of 2020-2027. Also, the inclusion of pea protein in sports eating and weight loss products is projected to increase the importance and demand for pea protein in the coming years.
The regional analysis of global Pea Protein market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise of pea proteins in these regions has been motivated by growing population growth, increasing health consciousness and increasing innovative product introductions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing recognition of food & beverage producers, increasing urbanization, and increasing market demand for pea proteins would create lucrative growth prospects for the Pea Protein market across Asia-Pacific region.
Major market player included in this report are:
Roquette Freres Le Romarin
Burcon Nutrascience Corporation
Cosucra Groupe Warcoing SA
Axiom Foods, Inc.
Farbest Brands/Farbest-Tallman Foods Corporation
Shandong Jianyuan Foods Co., Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Pea protein isolate
Pea protein concentrate
Textured pea protein
Bakery & confectionery good
Meat products & alternative
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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This report covers several key questions related to the global Pea Protein market, including:
- What can be expected for the Pea Protein market in the next decade?
- What are the primary drivers of growth in the global Pea Protein market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Pea Protein market vary based on the size of the end market?
- What is the breakdown of Pea Protein by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Pea Protein market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Pea Protein Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Pea Protein Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Pea Protein Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Pea Protein Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Pea Protein Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Pea Protein Market.
Our Pea Protein Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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