Pea Protein Market Destined to Reach US$ 2,063.1 Million (CAGR 13.18%) During 2023-2028 - IMARC Group

According to the latest report by IMARC Group, titled "Pea Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global pea protein market. The report also includes competitor and regional analysis, and contemporary advancements in the global 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 is derived from yellow peas and is known for its high quality as a plant-based protein source. It contains essential nutrients, such as arginine and branched-chain amino acids and has a neutral taste. Pea protein is available in different forms such as powder, bars, and milk, and is used to boost the nutritional content of protein supplements and protein-enriched foods. It offers several health benefits including controlling high cholesterol, improving blood circulation and calcium absorption, maintaining weight, enhancing metabolism, increasing muscle strength, and regulating blood sugar levels. With its impressive nutritional profile, pea protein has become a preferred choice for increasing the protein content in food products and health supplements. Furthermore, it is suitable for vegans, lactose-intolerant individuals, and those with allergies or sensitivities to dairy and eggs.

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Global Pea Protein Market Trends:

The global market for pea protein is driven by the growing preference for veganism. This can be supported by the increasing awareness about the importance of protein consumption. Additionally, the demand for gluten-free products is rising due to the increasing population of lactose-intolerant individuals, further boosting the demand for pea protein worldwide. Apart from this, the increasing demand for protein-rich foods across various sectors such as sports and nutrition, food and beverage, and animal feed is providing a boost to the market.

Other factors, including the rising prevalence of chronic diseases, the growing demand for organic food products, and continuous innovations in protein-based products are influencing the market positively.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• 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

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/pea-protein-market

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

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 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.

This release was published on openPR.