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Global Pea Protein Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights
Pea Protein Market
The report examines the Pea Protein market's drivers and restraints, as well as their impact analysis. Also, the report mentions global opportunities prevailing in the Pea Protein market.
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The Pea Protein Market: Overview
Pea Protein is regarded as a premium plant-based protein that is typically extracted from yellow peas. It improves the nutritional value of foods and supplements that are protein-fortified. It helps with blood circulation and lowers high cholesterol. It aids in increasing metabolism and physical strength.
Due to its high protein content, accessibility, and affordability, Pea Protein is currently a preferable substitute for traditional proteins, such as animal, wheat, and soy protein. Since it contains amino acids, vitamins, and minerals, it is one of the best sources of protein for vegans and vegetarians.
People seeking gluten-free products, as well as those with lactose intolerance or any other form of metabolic problem, are becoming more and more interested in Pea Protein. The growth of the global Pea Protein market is anticipated to be fueled by all these benefits of Pea Proteins.
The Pea Protein Market: Growth Drivers
• Rising awareness regarding the health benefits of Pea Proteins
Globally, the eating habits of consumers have drastically changed. Pea Protein has become more widely used since a sizable percentage of the population is increasingly choosing non-meat and non-animal origin items, including milk or milk-based products.
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The transformation is being driven by consumer health consciousness as well as health issues, including lactose intolerance and animal allergies. Customers have started to prefer plant-based proteins that are devoid of toxins. With the rise in the vegan population, the demand for Pea Protein is anticipated to increase during the coming years.
• Innovative ideas and improvements in Pea Protein supplements
The ingredients are optimized in every stage of production by food technology firms. Companies are attempting to increase the number of proteins being extracted from raw materials in order to include a high amount of protein content. Further, they are working to improve the nutritional value and add flavors to the products.
The Pea Protein Market: Key Insights
• As per the analysis shared by our research analyst, the Pea Protein market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030).
• In terms of revenue, the Pea Protein market size was valued at around USD 2.3 billion in 2021 and is projected to reach USD 6.8 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• The Pea Protein market research offers a comprehensive analysis of the present market and projections through 2020-2030 to help find possibilities to profit from the existing market.
• The study includes data on the major market drivers, challenges, and opportunities, as well as their effects.
• The study elaborates on the SWOT analysis and Porter's Five Forces model.
• The market study's value chain analysis gives a comprehensive picture of the stakeholder's responsibilities.
Press Release For Pea Protein Market: https://www.custommarketinsights.com/press-releases/global-pea-protein-market/
The Pea Protein Market: Regional Landscape
During the projected period, Europe is anticipated to dominate the global Pea Protein market. The growth is attributed to factors including increased production and consumption of plant-based goods and high raw material costs.
Additionally, the growth of the Pea Protein market in Europe is projected to be supported by manufacturers adhering to criteria set by the EU regarding non-GMO goods and growing consumer knowledge concerning the benefits of Pea Protein.
The Pea Protein Market: Prominent Players
Sotexpro SA
Roquette Freres, Warcoing SA
Puris Protein LLC
Ingredion Inc.
Axiom Foods Inc.
The Scoular Company
Cosucra Groupe, Nutri-Pea Limited
Cargill Inc.
Kerry Inc.
Growing Naturals LLC
Avebe
A&B Ingredients
Glanbia plc
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The Pea Protein Market: Segments
By Product Type
Isolates
Concentrate
Textured
By Application
Dietary Supplements
Beverages
Meat Substitutes
Baked Goods
Others
By Form
Dry
Liquid
The Pea Protein Market: Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Global Carotenoids Market: https://www.custommarketinsights.com/report/carotenoids-market/
Global Functional Food and Beverage Market: https://www.custommarketinsights.com/report/functional-food-and-beverage-market/
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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
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