Pea Protein Market Growing at a CAGR of 13.9% During forecast period 2019-2027

The pea protein market was valued at US$ 363.1 million in 2018 and is projected to reach US$ 1,112.2 million by 2027; it is expected to grow at a CAGR of 13.9% during 2019-2027.

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.

Get Sample Copy of this Report at – https://www.theinsightpartners.com/sample/TIPRE00003891/?utm_source=OpenPR&utm_medium=10188

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

Purchase This Report at – https://www.theinsightpartners.com/buy/TIPRE00003891/?utm_source=OpenPR&utm_medium=10188

Contact Us:

The Insight Partners
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

This release was published on openPR.