Pea protein is the concentrated protein extracted from the green and yellow peas. It is obtained by drying and grounding peas into a fine flour, mixing it with water, removing the starch and fiber from it, and leaving more than fifty percent of protein with a small amount of vitamins and minerals. Pea protein is extracted in three types, such as pea protein isolate, pea protein concentrate, and textured pea protein. Pea protein contains all the nine essential amino acids offering numerous health benefits, such as weight management, improvement of blood circulation and calcium absorption, maintenance of healthy muscle, enhancement of metabolism, and regulation of blood sugar. It also helps to reduce muscle breakdown after heavy workouts. Enhanced demand for pea-protein-based sports nutrition and weight management products is expected to create lucrative opportunities in the global pea protein industry.
Growing demand for plant-based proteins from vegan population has been identified as a major driver of the global pea protein market. The consumption of high fat meat products has been leading to various health problems, such as obesity, diabetes, cardiovascular diseases, and others. Rising health consciousness and desire to lead a healthy lifestyle have shifted consumer inclination towards veganism, and they have been looking for more healthy and sustainable plant-based alternatives to dairy and animal proteins. Easy availability of plant-based proteins, low cost as compared to other sources of protein, multiple health benefits, and increased demand of meat protein alternatives has increased the demand for plant-based proteins in recent years.
Pea protein is also used in a wide range of applications, such as dietary and nutritional supplements, meat alternatives and extenders, snacks, beverages, and other bakery and confectionery goods, to enhance the nutritional value of food. It replaces other protein and non-protein ingredients in food without affecting the color, taste, or texture. Consistent growth in the food & beverages industry supports the pea protein market growth. However, low consumer awareness about the pea protein-based products and market penetration of other plant-based proteins, such as soy, rice, wheat, and others, hamper the growth of this market to some extent. Pea protein contains amino acids essential for healthy body function, and it is easily digestible. It is also a great source of Iron and Lysine, which helps to support muscle growth and a healthy immune system, hence inclusion of pea proteins as an alternative protein source for pet foods is expected to provide ample of opportunities for the pea protein industry.
The global pea protein market is segmented on the basis of type, form, application, and region. According to type, the pea protein market is segmented into pea protein isolate, pea protein concentrate, and textured pea protein. By form, the pea protein market is segmented as dry and liquid. On the basis of application, the pea protein market is classified into dietary supplement, bakery & confectionery good, meat product and alternative, beverages, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., Green Labs, LLC., GEMEF Industries, Axiom Foods, Inc., Puris, and and Yantai Shuangta Food Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global pea protein market size for the period of 2018–2025 to identify the prevailing market opportunities.
The key countries in all the majors regions have been mapped based on their market share.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierâ€Âbuyer network.
A comprehensive analysis of factors that drive and restrict the growth of the pea protein market is provided.
An in-depth analysis of the pea protein market segmentation assists in determining the prevailing market opportunities.
The report includes details of the analysis of the regional and global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By type
Pea protein isolate
Pea protein concentrate
Textured pea protein
By form
Dry
Liquid
By application
Dietary supplement
Bakery & confectionery good
Meat products & alternative
Beverages
Others
By region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Ukraine
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA
OTHER PLAYERS
Other prominent players in the pea protein market are as follows:
Farbest Brands/Farbest-Tallman Foods Corporation
Shandong Jianyuan Foods Co., Ltd.
The Scoular Company
Norben Company, Inc.
Ingredion, Inc.
Kerry Group
Herbalife International of America, Inc.
*Profiles of these players are not included in the report, but can be included on request.
Growing demand for plant-based proteins from vegan population has been identified as a major driver of the global pea protein market. The consumption of high fat meat products has been leading to various health problems, such as obesity, diabetes, cardiovascular diseases, and others. Rising health consciousness and desire to lead a healthy lifestyle have shifted consumer inclination towards veganism, and they have been looking for more healthy and sustainable plant-based alternatives to dairy and animal proteins. Easy availability of plant-based proteins, low cost as compared to other sources of protein, multiple health benefits, and increased demand of meat protein alternatives has increased the demand for plant-based proteins in recent years.
Pea protein is also used in a wide range of applications, such as dietary and nutritional supplements, meat alternatives and extenders, snacks, beverages, and other bakery and confectionery goods, to enhance the nutritional value of food. It replaces other protein and non-protein ingredients in food without affecting the color, taste, or texture. Consistent growth in the food & beverages industry supports the pea protein market growth. However, low consumer awareness about the pea protein-based products and market penetration of other plant-based proteins, such as soy, rice, wheat, and others, hamper the growth of this market to some extent. Pea protein contains amino acids essential for healthy body function, and it is easily digestible. It is also a great source of Iron and Lysine, which helps to support muscle growth and a healthy immune system, hence inclusion of pea proteins as an alternative protein source for pet foods is expected to provide ample of opportunities for the pea protein industry.
The global pea protein market is segmented on the basis of type, form, application, and region. According to type, the pea protein market is segmented into pea protein isolate, pea protein concentrate, and textured pea protein. By form, the pea protein market is segmented as dry and liquid. On the basis of application, the pea protein market is classified into dietary supplement, bakery & confectionery good, meat product and alternative, beverages, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., Green Labs, LLC., GEMEF Industries, Axiom Foods, Inc., Puris, and and Yantai Shuangta Food Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global pea protein market size for the period of 2018–2025 to identify the prevailing market opportunities.
The key countries in all the majors regions have been mapped based on their market share.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierâ€Âbuyer network.
A comprehensive analysis of factors that drive and restrict the growth of the pea protein market is provided.
An in-depth analysis of the pea protein market segmentation assists in determining the prevailing market opportunities.
The report includes details of the analysis of the regional and global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By type
Pea protein isolate
Pea protein concentrate
Textured pea protein
By form
Dry
Liquid
By application
Dietary supplement
Bakery & confectionery good
Meat products & alternative
Beverages
Others
By region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Ukraine
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA
OTHER PLAYERS
Other prominent players in the pea protein market are as follows:
Farbest Brands/Farbest-Tallman Foods Corporation
Shandong Jianyuan Foods Co., Ltd.
The Scoular Company
Norben Company, Inc.
Ingredion, Inc.
Kerry Group
Herbalife International of America, Inc.
*Profiles of these players are not included in the report, but can be included on request.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PEA PROTEIN MARKET, BY TYPE
CHAPTER 5: PEA PROTEIN MARKET, BY FORM
CHAPTER 6: PEA PROTEIN MARKET, BY APPLICATION
CHAPTER 7: PEA PROTEIN MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to a new report, titled, Pea Protein Market by Type, Form, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global pea protein market was valued at $32.09 million in 2017, and is projected to reach $176.03 million by 2025, registering a CAGR of 23.6% from 2018 to 2025. In 2017, the pea protein isolate segment accounted for more than half share of the global pea protein market in terms of value.Pea protein is extracted from green and yellow peas and is used in some protein supplements and protein-enriched foods. Pea protein contains all the essential amino acids required for healthy body function. It helps in doing weight magement, improving blood circulation and calcium absorption, maintaining healthy muscle, boosting metabolism, and regulating blood sugar. Pea protein is lactose-free and is safe for people with allergies or sensitivities to dairy and eggs. Thus, vegetarians and vegans prefer pea protein products to supplements with protein derived from dairy, such as casein, whey proteins, eggs, or meat.
The use of pea protein as an altertive for other protein and non-protein ingredients in numerous applications, such as dietary and nutritiol supplements, meat altertives and extenders, scks, beverages, and other bakery and confectionery goods by food industries, also drives the sales for the global pea protein market. Other factors, such as rising living standards, increasing demand for healthy and nutritiol products, growing economy, and soaring urbanization, are indirectly influencing the growth of the global pea protein market in a positive way. However, low consumer awareness about the pea protein-based products and market penetration of animal protein and other plant-based proteins, such as soy, rice, wheat, and others, hampers the growth of this market to some extent. Formulation challenges in pea protein products is also a major factor hindering the growth of the pea protein market. Pea protein is a great source of Iron and Lysine, which help support muscle growth and a healthy immune system. It also contains amino acids essential for healthy body function, and it is easily digestible. Most of the pet/domesticated animal owners ensure that their pets are fed on nutritious feed to avoid diseases and prevent nutrition deficiency. Inclusion of pea proteins as an altertive protein source for pet foods has been an area of focus for most of the pet feed manufacturers, which is expected to provide ample of opportunities for the pea protein industry.
Key Findings of the Pea Protein Market:
The pea protein isolate segment was the highest contributor to the market in 2017, and is projected to grow at a CAGR of 22.8%.
The dry based pea protein segment accounted for 72.14% and is expected to grow at the CAGR of 23.4% from 2018 to 2025.
The Asia-Pacific region accounted for 18.70% of the pea protein market share in the global pea protein market in 2017 and is projected to grow at a significant CAGR of 25.0%.
In 2017, Chi accounted for the highest pea protein market share accounting approximately for 23.1% in the Asia-Pacific region.
In 2017, the dietary supplement segment generated the highest market share and is expected to grow at significant CAGR of 24.2%.
The meat products & altertives segment accounted for almost 12% share of the pea protein market in 2017.
In terms of value, Asia-Pacific and LAMEA collectively contributed more than 30% share in the global market in 2017. The key players operating in the pea protein market are A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., The Green Labs LLC, GEMEF Industries, Axiom Foods, Inc., Puris and Yantai Shuangta Food Co., Ltd.
Companies Mentioned
- A&B Ingredients
- Axiom Foods, Inc.
- Burcon Nutrascience Corporation
- Cosucra Groupe Warcoing SA
- GEMEF Industries
- Glanbia Plc.
- Green Labs LLC
- PURIS
- Roquette Freres Le Romarin
- Yantai Shuangta Food Co.,Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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