Press release
Pea Protein Market Growing at a CAGR of 13.9% During forecast period 2019-2027
Pea Protein
Pea protein is obtained from green and yellow split peas and is mostly used to make protein powder. It often serves as a base in packaged foods like veggie burgers, vegan mayo, and even replaces dairy in some ice creams and milk. Pea protein is an excellent source of iron. It is added in food products such as smoothies and shakes to increase the protein content and is also a great fit for almost all diet since it's naturally vegan and hypoallergenic.
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Top Key Players:- A&B Ingredients And Axiom Foods, Inc., Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Gemef Industries, Glanbia Nutritionals, Puris, Roquette Frères, The Green Labs Llc, Yantai Shuangta Food Co., Ltd
The rising acceptance of veganism, surging interest in veganism, and innovations in vegan foods has fuelled the demand for plant based products including pea proteins. In a bid to meet the daily protein requirements from plant-based sources, a significant vegan and vegetarian population base has shifted toward pea protein supplements owing to their various health benefits over other plant based proteins. A number of premium pea protein isolate products are marketed as they have lower cholesterol levels, triglyceride levels, and hemoglobin A1C levels as well avert the risks of cardiovascular diseases.
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The number of COVID-19 case as per WHO is ~4.81 million with ~3,19,000 death worldwide. The outbreak of COVID-19 pandemic has severely impacted the food and beverages industry. Shutdowns of food manufacturing and food processing companies and supply chain disruptions due to lockdown of countries have created a strain on the supplies of food and beverages products.
The report segments the global pea protein market as follows:
By Type
• Pea Protein Isolates
• Pea Protein Concentrates
• Textured Pea Protein
By Form
• Dry
• Liquid
By Application
• Dietary Supplements
• Bakery and Confectionery Goods
• Meat Alternatives
• Beverages
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