Pea Protein Market to 2025 (23.6% CAGR Expected) Top Player Profiles – A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., Nutri-Pea Limited and More

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. 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 to improve blood circulation and calcium absorption, do weight management, boost metabolism, maintain healthy muscle, and regulate blood sugar. Pea protein is 100% vegan and 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.

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Enhanced health consciousness, multiple health benefits, and increased demand for meat protein alternatives have increased the demand of pea protein in the past few years, thus propelling the growth of pea protein. In addition, factors, such as trend of living using pea protein in various products, consistent increase in food & beverages industries, raised demand for organic-based foods, and innovations in protein-based products, have supplemented the global pea protein market growth. However, low consumer awareness about the pea protein-based products and formulation challenges in pea protein products affect the growth of the market to a greater extent. Inclusion of pea protein in sports nutrition and weight management products are expected to increase the popularity and demand of pea protein in the upcoming years.

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 & alternative, beverage, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America is estimated to be the largest market for pea protein both in terms of value and volume in 2017. Factors, such as growing population, increasing health awareness, and rising innovative product introductions, have been propelling the pea protein growth in these regions. The Asia-Pacific region is projected to be the fastest-growing market in terms of value during the forecast period. This growth is mainly driven by the increasing awareness among food & beverage manufacturers, rising urbanization, and growing consumer demand for pea proteins, owing to their high nutritional profile, particularly in countries, such as China, Japan, and Australia.

Pea protein isolate was the largest segment that accounted for xxth of the global industry revenue in 2017. Isolates comprise protein content amounting to approximately 95%, which presents its application as dietary supplements in the sports nutrition industry. These products are also used as texturizing agents in meat goods, owing to their properties, such as excellent emulsification, high amino acid content, good water-binding characteristics, and high solubility. Expansion of the sports nutrition sector in developed countries, such as the U.S., Germany, and the UK, is anticipated to boost the product consumption over the years ahead.

The dietary supplement segment is projected to be the fastest-growing segment for pea protein, during the forecast period, between 2018 and 2025. Features, such as high, amino-acid profile, excellent emulsification, good water-binding characteristics, and high solubility, has increased its rate of adoption in food products over past few years and is also anticipated to rise at a fast-paced growth rate over the next couple of years.

The key players operating in this market are A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., Nutri-Pea Limited, Sotexpro SA, Axiom Foods, Inc., Farbest Brands/Farbest-Tallman Foods Corporation, and Shandong Jianyuan Foods Co., Ltd.

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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, China 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 & alternatives segment accounted for almost 12% share of the pea protein market in 2017.

Table of Content:

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. SNAPSHOT
2.2. KEY FINDING OF THE STUDY
2.3. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pocket
3.2.2. Top impacting factors
3.2.3. Top winning strategies

3.3. PORTER'S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry

3.4. TOP PLAYER POSITIONING, 2017
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. High nutritional profile of pea proteins
3.5.1.2. High demand for plant-based proteins from vegan population
3.5.1.3. Consistent growth in food & beverages industry

3.5.2. Restraints

3.5.2.1. Increasing market penetration of other proteins
3.5.2.2. Formulation challenges in pea protein products
3.5.2.3. Low consumer awareness about the pea protein based products

3.5.3. Opportunities

3.5.3.1. Rising demand for pea-protein-based sports nutrition & weight management products
3.5.3.2. Pea proteins as alternative protein source for pet foods

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