Press release
What will be the scenario for Pea Protein Market in next six years? Roquette Frerers, The Scoular Company, Glanbia Nutritionals, Cosucra-Groupe Warcoing and Shandong Jianyuan Group
Pea Protein Market
U.S. textured pea protein market size should witness consumption at over 2 kilo tons by the end of the predicted timeframe. These products are comparatively less expensive than meat, fish and poultry along with being more environment friendly and sustainable nutrition source. These products are widely used as meat substitutes and extenders on account of their unique taste and enhanced texture. They are extensively used to produce vegan alternatives to various meat products such as nuggets, meatballs, and patties which can be grilled or microwaved, thus stimulating market growth.
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Key Profiles:
• Roquette Frerers
• The Scoular Company
• Glanbia Nutritionals
• Cosucra-Groupe Warcoing
• Shandong Jianyuan Group
Increasing product usage in meat substitutes, dietary supplements, and nutraceuticals industries should stimulate pea protein market size. There has been a significant rise in consumer consciousness towards weight loss, calorie reduction and protein supplementation along with focused advertising campaigns for promotions by various companies. These products are a rich iron source, dairy-free, vegan, complements special health diets and imparts a feeling of fullness. Growing number of consumers searching for simpler labels, great taste, and alternative protein sources to solve personalized nutrition choices which in turn may accelerate pea protein market growth.
Germany pea protein market demand from sports supplement applications should register gains of over 11% by 2024. These products consist of branched-chain amino acids that are essential for decreasing muscle breakdown after workouts. They serve as a rich protein source for vegetarians, vegans, have a similar amino acid profile to animal products and improved assimilability as compared to other plant products. These products promote muscle repair, balance blood sugar which can aid in healthy weight loss and ensure the production of immune cells and neurotransmitters which should further promote pea protein market growth.
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In 2017, China pea protein concentrate market size surpassed USD 3.5 million. These products have a slight savoury taste and is considered a great option for weight management along with being gluten-free & non-GMO in nature. These concentrates help in increasing the protein content in animal feed concentrates without altering its aroma, flavour and colour properties.
They allow nutrient fortification and yield improvement of pet food as they are devoid of lactose, gluten & allergens. These products offer various benefits such as a powerful bean fragrance, oil & water retention, foaminess and emulsification which should increase pea protein demand.
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Roquette Frerers, The Scoular Company, Glanbia Nutritionals, Cosucra-Groupe Warcoing and Shandong Jianyuan Group are some of the prominent industry participants in the pea protein market. Manufacturers are engaging in new product development to attain competitive advantage and joint ventures to expand product portfolio. Manufacturers are also establishing new production facilities to satisfy rising product demand and ensure market expansion.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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