Press release
Pea Protein Market Estimated to Exceed US$ 2,063.1 Million Globally by 2023-2028 | CAGR of 13.18%
Pea Protein Market
The global pea protein market size reached US$ 975.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,063.1 Million by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028.
Pea protein represents a high-quality source of protein that is usually derived from yellow peas. It is rich in essential nutrients, such as arginine and branched-chain amino acids. In line with this, pea protein has a neutral taste and is sold in several forms, including powder, bar, milk, etc. It is free from common allergens, saturated fats, cholesterol, etc. Consequently, pea protein assists in muscle growth and weight loss, improving heart health, reducing the risk of kidney-related disorders, etc. As such, it is also widely utilized as a food additive, dairy protein alternative, etc.
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Global Pea Protein Market Trends:
The widespread adoption of the vegan diet that can be easily digested by the body without any bloating is primarily driving the pea protein market. Additionally, the shifting consumer preferences from animal-based proteins towards plant-based alternatives and the inflating expenditure capacities on health and wellness are further catalyzing the market growth. Besides this, the rising instances of gluten allergies and lactose intolerance are propelling the utilization of pea protein, as it is naturally dairy-free. Moreover, it also forms an integral part of various weight-management and sports-nutrition products, which is acting as another significant growth-inducing factor. Apart from this, the expanding food and beverage (F&B) industry, the emerging trend of vegetarianism, and the growing prevalence of heart-related diseases are positively influencing the global market. Furthermore, the escalating demand for non-meat protein options, on account of the increasing health consciousness among individuals, is anticipated to fuel the pea protein market over the forecasted period.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/pea-protein-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Axiom Foods, Inc.
• Cosucra-Groupe Warcoing
• Nutri-Pea Limited
• Roquette Frères S.A.
• Shandong Jianyuan Foods Co., Ltd
• Sotexpro SA
• The Scoular Company
• Naturz Organics
• Fenchem
• Glanbia Plc
Key Market Segmentation:
Breakup by Product Type:
• Isolates
• Concentrates
• Textured
Breakup by Application:
• Dietary Supplements
• Bakery Products
• Meat Substitutes
• Beverages
• Others
Breakup by End User:
• Retail
• Institutional
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Pea Protein Market Research Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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