Pea Protein Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
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Transparency <strong>Market</strong> Research<br />
<strong>Pea</strong> <strong>Protein</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong><br />
<strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong><br />
<strong>and</strong> <strong>Forecast</strong> <strong>2016</strong> - <strong>2023</strong><br />
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REPORT DESCRIPTION<br />
<strong>Pea</strong> protein has a variety of application in the food <strong>and</strong> beverage industry. It is rich in essential nutrients <strong>and</strong> has an advantage<br />
of functional characteristics with a large amount of amino acids. They are segmented into concentrates, isolates <strong>and</strong> textured<br />
pea depending on their protein content. They are used at meat extender, substitutes <strong>and</strong> analogs. The global pea protein<br />
market is anticipated to witness a dramatic growth in its dem<strong>and</strong> on account of rising concern for health <strong>and</strong> wellness among<br />
the consumers in all corners of the world.<br />
Changing lifestyle of the consumers is the key factor driving the dem<strong>and</strong> for the global pea protein market. Adoption of a<br />
healthier lifestyle due to the increasing concern for health <strong>and</strong> wellness among the consumers across the world is pushing<br />
forward the dem<strong>and</strong> for the global pea protein market. In addition, the increasing concern towards lactose intolerance levels is<br />
also driving the dem<strong>and</strong> for the global pea protein market. Expansion of the nutraceuticals industry <strong>and</strong> the rising dem<strong>and</strong> for<br />
gluten free products are also driving the global pea protein market. In addition, the rising consumption of meat substitutes,<br />
rising concern towards lactose intolerance levels <strong>and</strong> the optimistic outlook on the sports nutrition market are some of the major<br />
drivers for the global pea protein market.<br />
Low consumer awareness of pea proteins is a major factor inhibiting the growth of the global pea protein market. Consumers are<br />
yet to be aware of the positive effects of pea proteins. High cost of pea proteins along with the growing dem<strong>and</strong> for other plant<br />
proteins is also restraining the market. Moreover, the rapid market penetration of animal protein is also barring the growth of<br />
the global pea protein market.<br />
Technological advancement in extrusion <strong>and</strong> processing is anticipated to serve as a suitable opportunity to the global pea<br />
protein market. Rising market for weight management products <strong>and</strong> the improved taste of texture pea protein are also<br />
considered to be suitable opportunities for the global pea protein market.<br />
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By product type, the global pea protein market has been segmented into isolates, concentrates <strong>and</strong> textured pea protein.<br />
Isolates are used in the formulation of meat substitutes because of its high content of amino acids, high solubility, favorable<br />
water binding characteristics <strong>and</strong> good emulsification. Moreover, isolates contain an approximate of 95% protein which makes<br />
them suitable for the sports nutrition industry. Isolates are expected to record the fastest growth during the forecast period.<br />
Owing to its fiber content similar texture to that of meat, textured pea proteins are increasingly used in beverages <strong>and</strong> dietary<br />
supplements. Concentrates are used in aquafeed, beverages <strong>and</strong> food due to its high protein content.<br />
By product application, the global pea protein market has been segmented into snacks <strong>and</strong> bakery products, meat extenders<br />
<strong>and</strong> analogs, dietary supplements, beverages <strong>and</strong> others. The dietary supplements were the largest segment in terms of<br />
revenue in 2014 <strong>and</strong> are expected to maintain their position during the forecast period. Increasing concern for health <strong>and</strong>
wellness is expected to propel the growth of the dietary supplements segment. However, meat substitutes are expected to<br />
witness the fastest growth during the forecast period owing to the rising concern for meat allergies resulting in the technological<br />
development of textured products similar to that of meat.<br />
North America was the largest market for pea proteins in 2014 accounting for almost 35% of the total pea protein market. Asia<br />
Pacific is expected to be the fastest growing market for pea proteins owing to the rising consumption of nutrient rich food<br />
products.<br />
A&B Ingredients, Farbest Br<strong>and</strong>s, Roquette Freres, The Scoular Company, Axiom Foods Inc., Nutri-<strong>Pea</strong> Ltd., Sotexpro are some of<br />
the major players operating in the global pea proteins market.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, <strong>and</strong><br />
verifiable projections about market size. The projections featured in the report have been derived using proven research<br />
methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a repository of analysis <strong>and</strong> information for every<br />
facet of the market, including but not limited to: Regional markets, technology, types, <strong>and</strong> applications.<br />
The study is a source of reliable data on:<br />
• <strong>Market</strong> segments <strong>and</strong> sub-segments<br />
• <strong>Market</strong> trends <strong>and</strong> dynamics<br />
• Supply <strong>and</strong> dem<strong>and</strong><br />
• <strong>Market</strong> size<br />
• Current trends/opportunities/challenges<br />
• Competitive l<strong>and</strong>scape<br />
• Technological breakthroughs<br />
• Value chain <strong>and</strong> stakeholder analysis<br />
The regional analysis covers:<br />
• North America (U.S. <strong>and</strong> Canada)<br />
• Latin America (Mexico, Brazil, Peru, Chile, <strong>and</strong> others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherl<strong>and</strong>s, Luxembourg)<br />
• Eastern Europe (Pol<strong>and</strong>, Russia)<br />
• Asia Pacific (China, India, Japan, ASEAN, Australia <strong>and</strong> New Zeal<strong>and</strong>)<br />
• Middle East <strong>and</strong> Africa (GCC, Southern Africa, North Africa)<br />
The report has been compiled through extensive primary research (through interviews, surveys, <strong>and</strong> observations of seasoned<br />
analysts) <strong>and</strong> secondary research (which entails reputable paid sources, trade journals, <strong>and</strong> industry body databases). The<br />
report also features a complete qualitative <strong>and</strong> quantitative assessment by analyzing data gathered from industry analysts <strong>and</strong><br />
market participants across key points in the industry’s value chain.<br />
A separate analysis of prevailing trends in the parent market, macro- <strong>and</strong> micro-economic indicators, <strong>and</strong> regulations <strong>and</strong><br />
m<strong>and</strong>ates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment<br />
over the forecast period.<br />
Highlights of the report:<br />
• A complete backdrop analysis, which includes an assessment of the parent market<br />
• Important changes in market dynamics<br />
• <strong>Market</strong> segmentation up to the second or third level<br />
• Historical, current, <strong>and</strong> projected size of the market from the st<strong>and</strong>point of both value <strong>and</strong> volume<br />
• Reporting <strong>and</strong> evaluation of recent industry developments<br />
• <strong>Market</strong> shares <strong>and</strong> strategies of key players<br />
• Emerging niche segments <strong>and</strong> regional markets<br />
• An objective assessment of the trajectory of the market<br />
• Recommendations to companies for strengthening their foothold in the market<br />
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