Organic pea protein Market to Register a Healthy CAGR for the Forecast Period, 2017-2025
This research study aims to offer a complete overview of the global market for organic pea protein, taking its historical as well as current performance in consideration. The driving factors, restraints, prominent trends, challenges, opportunities, and the growth prospects of this market have also been studied thoroughly in this market report.
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The demand for flavored organic pea protein is much higher than its unflavored counterpart. Vanilla and chocolate are the two types of flavored organic pea protein available across the world. Among the two, the chocolate flavored one is expected to report high growth over the next few years.
Nutritional ingredient in food and beverages, dietary supplement, and bakery and snacks have surfaced as the key application areas of organic pea protein, globally. Of these, the demand for organic pea protein is likely to be strong in the nutritional ingredient in food and beverage segment in the years to come.
Organic pea protein is primarily sold at pharmacy stores, online retailers, physical retailers, and via modern trade. Hitherto, physical retailers are more prominent in this market; however, online retailers are also building their way up gradually.
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Eastern Europe, North America, Western Europe, Asia Pacific, Latin America, and the Middle East and Africa have been recognized as the main regional segments of the global market for organic pea protein. With high awareness among consumers regarding the benefits of organic pea protein over the health of human beings, North America and Europe, both Eastern and Western, have emerged as the leading regional markets for organic pea protein across the world.
Going forward, both the regional markets are likely to gain from the high purchasing power of people, allowing them to spend on expensive food supplements in the years to come. The increasing trend of meal-on-the-go is also expected to propel the demand for organic pea protein in these regional markets.
With the presence of a large pool of international as well as regional participants, the global market for organic pea protein demonstrates a highly competitive landscape. At the forefront of this market are Nutratech Ltd., The Green Labs LLC, Axiom Foods Inc., Pure Food Co. LLC, Bioway (Xi'An) Organic Ingredients Co. Ltd., Now Foods, The Scoular Co., and Viachem Inc.
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