Pea Protein Market Top Players 2018 - Cosucra Groupe Warcoing, Nutri-Pea Limited, Sotexpro, The Scoular Company, Roquette Freres

The global Pea Protein market was estimated at 87.68 USD Million in 2017 and is expected to register a CAGR of 12.8% till 2025. Owing to a majority of its application in food and beverages, dietary supplements, bakery and meat, the global pea protein market would continue to grow in developed as well as developing countries in the near future.

Growing awareness about the lifestyle and healthcare practices along with increased inclination towards wellness and weight management, pea protein is gaining heightened acceptance and popularity. Although with its distinguished benefits in post-workout muscle recovery, high nutritional profile, it is not only accepted by sports and fitness lovers but are demanded by specific consumer group who are intolerant to lactose, whey and soy. This segment of consumer band has witnessed an increase of more than 21% over the period 2014-2017, with U.S. being the significant country registering the highest share in the globe.

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Scope of the Report:
The research methodologies used for evaluating the Pea Protein market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility. The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.

Market Segment by manufacturers, the report covers the following companies:
Roquette Freres, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing, Nutri-Pea Limited, Sotexpro, The Scoular Company, Yantai Shuangta Foods, inc, Farbest Brands, Shandong Jianyuan Foods Co Ltd

Market Segment on the basis of Product Scenario (Volume, Kilo Tons Revenue, USD Million; 2016–2025), the report covers:
• Isolates
• Concentrates
• Textures

Market Segment on the basis of Structure Scenario (Volume, Kilo Tons Revenue, USD Million; 2016–2025), the report covers:
• Dry
• Liquid

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Salient Trends of the Pea Proteins Market
• About 65% human population being lactose intolerant, pea protein market has witnessed a massive shift in the recent past.
• 300% increase rate in vegan population across the world, the plant based market has witnessed a tremendous growth lately
• Increased trend of gluten free and natural products, increased inclination towards special sports nutrition- drinks and diet friendly lean meat substitutes are expected to boost pea protein market in the near future
• During the period 2015-2017, vegan adaptation rate in developed economies reached 22% and is expected to reach an estimated 31% by the end of 2023. North America and Europe account for the highest share in the adaptation rate

Market-O-Nomics
• The growth of pea protein in food and beverage industry is estimated to me 13.6%, in bakery industry to be 11.6% and in nutrition and dietetics to be 12.1% by 2025
• Surveys conducted indicate adaptation rate of pea proteins have witnessed a dramatic increase of 9 % in the pet food industry in the period 2016-2017.
• Asia Pacific is projected to show significant revenue rise at an estimated CAGR of 10.1% from 2018 to 2025
• China produces around 1.11 million tons and India produces around 1 million tons of peas which makes it economical for manufacturers of to procure raw material and invest in a manufacturing unit in these developing countries
• 90% population in Asia is lactose intolerant which implies growth of this market.
• North America produces around 3.8 million tons of peas and has the highest demand of 30% in the world
• Around 5% of Europeans are lactose intolerant and Russia produces around 1.56 million
• North America drive 30% of global demand for pea proteins and produces around 1.024 million tons of peas

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This release was published on openPR.