Pea Protein Market Size, Share & Trends Analysis, By Product, By Application, By Region, And Segment Forecast 2032

Pea Protein Market size was valued at USD 860 Million in 2022 and is projected to reach USD 2907 Million by 2030, growing at a CAGR of 14.9% from 2023 to 2030. Globally, consumer eating habits have altered considerably. Pea protein has increased in popularity around the world as a major section of the population prefers non-meat and non-animal origin items such as milk or milk-based products. Health issues like as lactose intolerance and animal allergies, as well as increased consumer health consciousness, are pushing the move. As a result of these situations, buyers have grown to prefer toxin-free plant-based proteins.

Rising health consciousness, many health benefits, and raised desire for meat protein alternatives have increased demand for protein in recent years, accelerating its expansion. Furthermore, factors such as the growing trend of employing pea protein in a variety of goods, steady expansion in the food and beverage sectors, increased demand for organic-based meals, and advancements in protein-based products have aided the worldwide market's growth. However, low consumer knowledge of pea protein-based products and formulation issues in protein products have a significant impact on market growth. The inclusion of protein in sports nutrition and weight management products is predicted to boost pea protein appeal and demand in the future years.

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The growing popularity of plant-based protein and increased demand for gluten-free items are driving the expansion of the market. The rise of the market is expected to be aided by increased protein demand from nutritional supplements, functional meals, and beverages. Customers are becoming more health-conscious, which is driving up demand for dietary supplements. Soy protein has a higher level of consumer awareness than protein. Soy protein manufacturers have attained economies of scale due to their vast production capacity and high demand. A pea, on the other hand, is a newer product.

Global Pea Protein Market: Segmentations

By Key Players
Emsland
Roquette
Cosucra
Nutri-Pea
Shuangta Food
Yantai Oriental Protein Tech
Shandong Jianyuan Foods
Shandong Huatai Food

By Types
Low Purity Pea Protein Isolate (75%-80%)
Medium Purity Pea Protein Isolate (80%-85%)
High Purity Pea Protein Isolate (>85%)

By Applications
Sports Nutrition Food
Energy Drinks
Health Food
Pet Food

By Regional Analysis
The countries covered in the regional analysis of the market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:
The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
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Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global market size for the period of 2023 - 2032 to identify the prevailing market opportunities.
An in-depth analysis of the market segmentation assists in determining the prevailing market opportunities.

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