Global Pea Protein Market, 2016 – 2022


Global pea protein market is expected to reach USD 39.50 million in 2022, growing at a CAGR of 8.00

Published By: Zion Market Research

Global Pea Protein Market is Expected to

Reach Above USD 39.50 Million in 2022

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Pea Protein Market

Zion Market Research has published a new report titled “Pea Protein Market by Product

(Isolates, Concentrated, and Textured) and by Application (Dietary Supplements,

Bakery Goods, Meat Substitutes, Beverage, and Others): Global Industry Perspective,

Comprehensive Analysis, and Forecast, 2016 2022”. According to the report, global pea

protein market was valued at approximately USD 25.00 million in 2016, is expected to reach

above USD 39.50 million in 2022, growing at a CAGR of around 8.00% between 2017 and 2022.

Pea protein products can act as a replacement for a major portion of other proteins in the wide

range of food products without having any effect on the taste, color, or texture of the product

and in some cases can offer potential cost savings. Pea protein is preferred over other available

options because it has no gluten or dairy. Pea protein is easy to digest and does not cause

bloating; a common problem with other protein powders.

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Pea Protein Market

Global pea protein market is primarily driven by increasing preference towards a vegetarian diet.

Other major driving factors for the growth of pea protein market are increasing concern for

health and wellness coupled along with heavy investment in research in development by pea

protein manufacturing companies. However, lack of awareness among end users is a major

restraint that may curb the growth of the market. Nonetheless, technological advancements in

extrusion and processing and emerging markets across the globe are likely to disclose the new

avenues for pea protein market in the near future.

The pea protein market can be segmented on the basis of product type into, concentrated and

textured pea protein. Textured pea protein contains the highest amount of protein in comparison

with isolated and concentrated. Textured pea proteins are growingly used as dietary

supplements while concentrates are mainly used in aquafeed. Based on application, the pea

protein is segmented into dietary supplements, bakery goods, meat substitutes, beverage, and

others. In 2016, dietary supplements segment held the largest share of pea protein market. As

a result of increasing awareness for fitness, the demand for dietary proteins is on the rise which

in turn is expected to boost the demand for pea protein.

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Pea Protein Market

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are key regional

segments of global peak protein market. The pea protein market was curled in North America in

2016 owing to the huge demand for gluten-free products in this region especially in the U.S.,

and increasing demand for sports nutrition diet.Europe was the second largest market for pea

protein in 2016. Asia Pacific is expected to be the fastest-growing region pea protein market

during the forecast period. Moreover, Latin America is also expected to show visible growth in

this market in the years to come.

Some of the key players in the pea protein include RoquetteFreres, A&B Ingredients, Farbest

Brands, Axiom Foods Inc., Nutri-Pea Ltd., The Scoular Company, SotexproBurconNutraScience

Ltd., Consucra-GroupeWarcoing among others. Due to the presence of several manufacturers in

protein powder market, there has been intense competition among the players to sustain in the

market. Product innovation is the key strategy practiced by the majority of the players to

maintain their sales.

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Pea Protein Market

Zion Market Research

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