North America Pea Protein Market 2018-2023 - Size, Trends, Competitive Analysis and Forecasts

  • ID: 4495852
  • Report
  • Region: America, North America, United States
  • 118 pages
  • Hypercube Insights
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FEATURED COMPANIES

  • Axiom Foods
  • Fenchem Inc
  • Ingredion Inc
  • Prinova Group LLC
  • Roquette Frerers
  • Sotexpro S.A.
  • MORE
North America pea protein market represents largest market share in the world. The market is driven by growth in Canada, and U.S. market. Canada and U.S. have huge potential not only in terms of possessing high processing technology but also in terms of abundant raw materials. Canada is the largest dry pea producing nation in the world with U.S. behind by 4 places. Both the countries are also leading exporters of the peas in the world. Given such resources and technological capabilities of processing peas to develop wide range of its application, makes the region to lead the market of pea protein. The market value of North American pea protein stood at $19.3 million in 2017, and is forecasted to grow at a CAGR of 9.6% during the forecast period.

North American pea protein market is mainly driven by health conscious consumers who are looking for protein rich products. Today, obesity and overweight are the serious problems being faced by the population in the region. Government has taken various initiatives and is running different campaigns in schools, universities and in various organizations to raise the awareness and to urge the population to adopt healthy eating habits. The environmental concern about the harmful effects of animal farming is growing at the rapid rate. The consumers in the North American region with Canada and U.S. in particular, are switching from animal meat to plant protein. Rising campaign about the presence of carcinogens in processed meat has led to gain in momentum for search for alternative products of the meat.

More and more people in North America are turning to veganism. Hence, in coming years, the demand for plant-based products is expected to accelerate. Plant-based protein such as soy and pea protein have captured significant market share in sports drink industry. The advancement in the processing technology have helped to reduce the cost of the products. The cutting-edge research is allowing the producers to improve the taste, texture and versatility of pea protein. With proven health benefits, the scope of pea protein in weight management and fitness industry has increased. The use of pea protein in public schools across North America as a food source in the lunch programs will expose young population to the benefits of pea protein products and boost growth rate in coming years.

Key Deliverables:
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Axiom Foods
  • Fenchem Inc
  • Ingredion Inc
  • Prinova Group LLC
  • Roquette Frerers
  • Sotexpro S.A.
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Market Summary by Geography
2.4 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand of plant based protein from vegan/vegetarian population
3.1.2 Rising Health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.2 Restraints
3.2.1 High cost of production
3.2.2 Growing threat from substitute products
3.2.3 Low awareness about the pea protein based products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Rising demand for plant based protein in food and beverage industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Pea Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Pea Protein Isolate
4.1.2 Pea Protein Concentrate
4.1.3 Textured Pea Protein
4.1.3.1 Dry Textured
4.1.3.2 Wet Textured
4.1.4. Hydrolyzed Pea Protein
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Isoelectric Precipitation
4.2.3 Hydrolysis
4.3 Market Share, Application
4.3.1 Food
4.3.1.3 Infant Formula
4.3.1.2 Confectionary
4.3.1.3 Bakery
4.3.1.4 Snacks
4.3.1.5 Dairy Products
4.3.1.6 Meat Analogs & Substitues
4.3.1.7 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others

5. Country Market Share
5.1 North America
5.1.1 U.S.
5.1.2 Canada
5.1.3 Mexico
5.1.4 Others

6. Competitive Analysis
6.1 Market Share Analysis
6.2 Growth Strategies of leading players
6.3 Investment and Development Prospects
6.3.1 Investment in past five years
6.3.2 Investment Opportunities
6.4 Competition Pattern
6.4.1 Concentration Ratio
6.4.2 Industry Competition
6.5 Price Trend Analysis
6.5.1 Product Classifications and Their Prices
6.5.2 Factors Influencing Prices

7. Company Profiles
7.1 Burcon Nutrascience Corporation
7.2 Shandong Jianyuan Group
7.3 The Scoular Company
7.4 Axiom Foods
7.5 Farbest Brands
7.6 Fenchem Inc
7.7. Roquette Frerers
7.8 Sotexpro S.A.
7.9 Yantai Oriental Protein Tech Co., Ltd
7.10 Cosucra Groupe Warcoing S.A.
7.11 Hill Pharma Inc
7.12 Ingredion Inc
7.13 Kerry Inc
7.14 Prinova Group LLC
7.15 Puris, LLC
Note: Product cover images may vary from those shown
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  • Burcon Nutrascience Corporation
  • Shandong Jianyuan Group
  • The Scoular Company
  • Axiom Foods
  • Farbest Brands
  • Fenchem Inc
  • Roquette Frerers
  • Sotexpro S.A.
  • Yantai Oriental Protein Tech Co., Ltd
  • Cosucra Groupe Warcoing S.A.
  • Hill Pharma Inc
  • Ingredion Inc
  • Kerry Inc
  • Prinova Group LLC
  • Puris, LLC
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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