The European pea protein market represents around 30% of the global market share. The market is majorly driven by western developed countries. Germany leads the market in Europe followed by U.K. The market revenue of pea protein is recorded at $19.6 million in 2018 which is projected to grow at the CAGR of 9.4% during the forecast period. The forecasted CAGR of pea protein market is above 9% in all the listed countries except the Netherlands.
The market of soy and animal-based protein is continuing to dominate the European protein market; however, pea protein is rapidly entering as a serious contender. The major drivers of the European pea market are increasing popularity of vegetarianism and vegan diet, as a substitute to the meat products, growing health consciousness among the population in western countries of Europe and increasing demand of non-allergen, gluten free and lactose free protein ingredients in the food products. Moreover, proven nutritional qualities and increased influence of west has also resulted in growing popularity among the population in Eastern countries of Europe.
Pea protein and their derivatives have high nutritional specifications compared to other plant-based protein proteins. This has resulted in growing number of food, beverage and supplement manufacturer choosing to add pea protein as an ingredient to develop their product portfolio. The popularity of sports drinks containing plant-based protein ingredients has increased in recent years in Europe. Growing vegan and vegetarian population who are regularly attending the gym and fitness clubs are preferring to consume the supplement products containing plant-based protein as an ingredient rather than animal-based protein. Hence, the growth of pea protein application across dietary supplement industry is fastest as compared to the other application of pea protein in various industry segments.
Major pea protein producers in the European region are Roquette Frerers, Sotexpro S.A. and Euvepro. They have already developed their dominance in the European market as well as to some extent in North America. These companies are now focusing to increase their reach in developing countries particularly China, India, Brazil and Mexico. The major pea protein producers are eyeing to expand their presence across the world by implementing various strategies such as mergers, acquisitions, joint ventures or collaboration with the local companies.
Key Deliverables:
The market of soy and animal-based protein is continuing to dominate the European protein market; however, pea protein is rapidly entering as a serious contender. The major drivers of the European pea market are increasing popularity of vegetarianism and vegan diet, as a substitute to the meat products, growing health consciousness among the population in western countries of Europe and increasing demand of non-allergen, gluten free and lactose free protein ingredients in the food products. Moreover, proven nutritional qualities and increased influence of west has also resulted in growing popularity among the population in Eastern countries of Europe.
Pea protein and their derivatives have high nutritional specifications compared to other plant-based protein proteins. This has resulted in growing number of food, beverage and supplement manufacturer choosing to add pea protein as an ingredient to develop their product portfolio. The popularity of sports drinks containing plant-based protein ingredients has increased in recent years in Europe. Growing vegan and vegetarian population who are regularly attending the gym and fitness clubs are preferring to consume the supplement products containing plant-based protein as an ingredient rather than animal-based protein. Hence, the growth of pea protein application across dietary supplement industry is fastest as compared to the other application of pea protein in various industry segments.
Major pea protein producers in the European region are Roquette Frerers, Sotexpro S.A. and Euvepro. They have already developed their dominance in the European market as well as to some extent in North America. These companies are now focusing to increase their reach in developing countries particularly China, India, Brazil and Mexico. The major pea protein producers are eyeing to expand their presence across the world by implementing various strategies such as mergers, acquisitions, joint ventures or collaboration with the local companies.
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
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Country Market Share
6. Competitive Analysis
7. Company Profiles
Companies Mentioned
- 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
