Pea Protein Market to Reach $176.03 Million, Globally, By Top Key Players: 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., Pu

According to a new report published by Allied Market Research, 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.

The global pea protein market is strongly driven by the growing demand for plant-based proteins from vegan population. Rising health consciousness, soaring multiple health benefits, and increasing demand for meat protein alternatives have increased the demand for pea protein among consumers. In addition, because of diversity in countries, meat protein is not acceptable by all the customers, and they have been looking for healthy and sustainable meat protein alternatives. In that case, pea protein becomes the best replacement for them because it is natural, easily available, and affordable source of protein, thereby driving the pea protein market.

Download report sample at: https://www.alliedmarketresearch.com/request-sample/4727?utm_source=as_opr

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.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4727?utm_source=as_opr

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.

Request For Report Customization at: https://www.alliedmarketresearch.com/request-for-customization/4727?utm_source=as_opr

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.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.