Pea Protein Market Emerging Growth Factors, Current and Future Perspectives

The pea protein market is projected to grow from USD 745 million in 2020 to USD 1,400 million by 2025, recording a compound annual growth rate (CAGR) of 13.5% during the forecast period. Key factors driving the growth of the pea protein market include the growing vegan population and the functional benefits and allergen-friendly nature of pea protein in food and beverage products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36916504

The textured subsegment, on the basis of type, is projected to be the fastest-growing segment in the pea protein market during the forecast period.

Textured pea protein contains a high amount of amino acids and has better levels of lysine and glutamine than other plant-based proteins. Textured pea protein is a healthy alternative to textured soy protein, as it caters to allergen issues, sustainability issues, estrogen issues, and concerns over GMO (Genetically Modified) soybean. It also contains both soluble and insoluble fiber, mostly constituted by pectic substances and hemicellulose. The fiber provides not only healthy nutritional benefits but also many functional attributes to food systems.

The meat substitutes subsegment is projected to account for the largest share in the pea protein market during the forecast period.

Pea protein is used as a key ingredient in the manufacturing of meat substitute products, such as burgers, sausages, and other product types. Companies such as Impossible Foods (US) and Beyond Meat (US) are among the key industry participants in the meat substitutes market and utilize textured pea protein as the key ingredient in the manufacturing process. The taste of meat and meat-like texture of textured pea proteins are the key factors driving the market growth. Dry textured pea protein, when hydrated, resembles meat, and hence, can be used in meat substitute products.

The dry subsegment is projected to account for the largest share in the pea protein market during the forecast period.

Pea protein is extracted in the form of pea flour from sources, such as yellow split peas, peas, chickpeas, and lentils, with no chemical solvents, enabling it to maintain its functional and nutritional properties. Pea flour extracted from the process in the form of powder is dry pea protein. Textured dry pea protein is comparatively sustainable as against conventional protein sources and provides enhanced functionalities, thereby resulting in its use in various applications.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=36916504

The North American region is projected to be the fastest-growing market for pea protein during the forecast period.

The North American region is projected to be the fastest-growing market for pea protein during the forecast period. The region witnesses a high demand for pea protein in meat substitutes, functional foods, performance nutrition, and snacks. The growing trend of veganism has encouraged the growth of the North American pea protein market. Consumers are gradually shifting their diet preferences to vegan due to the associated health and wellness benefits. This paradigm shift in food culture is being supported by the health and fitness industries, medical communities, celebrities, and athletes, which has driven the demand for pea protein.

The rising incidences of obesity, cardiovascular diseases, and diabetes among the American population has also encouraged consumers to adopt vegan diets. Key manufacturers in the US include Puris (US), Ingredeion Inc. (US), DuPont (US), A&B Ingredients (US), Batory Foods (US), and NP Nutra (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.