Press release
Pea Protein Market Projected to Reach USD 3,223.6 Mn by 2030 | Emsland, Roquette Frères, Cosucra, Ingredion
Global Pea Protein Market, 2023 - 2030
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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?
According to the in-depth market study, the global pea protein market is anticipated to reach a value of USD 3,223.6 Million by 2030 expanding at a CAGR of 9.7% between 2023 and 2030. The pea protein market is primarily driven by the increasing demand for plant-based protein ingredients in the food and beverage industry, driven by health-conscious consumers seeking sustainable and cruelty-free alternatives to animal-based proteins. Opportunities lie in the development of pea protein isolates and concentrates for various applications such as meat substitutes, dairy alternatives, and sports nutrition products. However, challenges include the availability of alternative plant-based protein sources and fluctuating raw material prices impacting production costs.
How does AI impact the global Pea Protein market?
AI impacts the global pea protein market by optimizing production processes, enhancing product quality, and improving supply chain management. AI-driven technologies enable manufacturers to streamline production operations, reducing energy consumption and minimizing waste. Machine learning algorithms analyze data from sensory evaluations and consumer feedback to develop innovative pea protein formulations tailored to meet consumer preferences for taste, texture, and nutritional profiles. AI-powered predictive analytics forecast demand fluctuations and optimize inventory management, ensuring timely delivery to meet customer requirements. While AI integration offers opportunities for efficiency gains and product innovation, challenges include the initial investment costs and the need for skilled workforce adaptation to AI-driven technologies.
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Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► Technological Trends and Innovations
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Pea Protein Market Size and Forecast:
The report will comprehensively detail the pea protein market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from pea protein sales, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.
Which region holds the largest market share, and where does the major opportunity lie in the future?
The global pea protein market exhibits regional variations driven by factors such as consumer preferences, dietary trends, and regulatory frameworks. North America holds the largest market share, attributed to the increasing adoption of plant-based diets, rising consumer awareness of health and sustainability, and the presence of key market players. The major opportunity in the future lies in Europe, fueled by the growing demand for clean-label and allergen-free food products, coupled with supportive government initiatives promoting plant-based proteins. Asia Pacific and Latin America witness growth opportunities driven by the rising vegan population and increasing investments in plant-based protein research and development.
Competition Landscape
The global pea protein market is highly competitive, characterized by the presence of established manufacturers and innovative startups. Key competitors focus on product differentiation, expanding product portfolios, and strategic collaborations to gain a competitive edge. The competition landscape is shaped by a mix of global players and regional manufacturers, all striving to capitalize on market opportunities and address evolving consumer preferences for plant-based protein products.
>> Emsland Group
>> Roquette Frères
>> Cosucra
>> Ingredion Incorporated
>> Nutri-Pea.
>> Archer Daniels Midland Company
>> Tereos
>> Kerry Group plc
>> NOW® Foods
>> Axiom Foods, Inc.
>> Burcon
>> Glanbia plc
>> Sotexpro
>> Farbest Brands
>> Green Labs, LLC
Comprehensive Market Segmentation:
∆ By Type (Isolates, Concentrates, Textured, and Flour)
∆ By Form (Dry, and Liquid)
∆ By Nature (Organic, and Conventional)
∆ By Application (Food and Beverages, Animal Feed, Dietary Supplements, Meat Substitutes, Bakery Products, Nutraceuticals, and Others)
∆ By Sales Channel (Online Retail, and Offline Retail)
Market Segmentation by Geography including:
∆ North America: U.S., Canada and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Pea Protein Market?
► Who are the prominent players in the Global Pea Protein Market?
► What is the consumer perspective in the Global Pea Protein Market?
► What are the key demand-side and supply-side trends in the Global Pea Protein Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Pea Protein Market?
Explore in-depth industry research reports across various verticals from Congruence Market Insights @ https://www.congruencemarketinsights.com/reports/all-industries
Related Reports:
► Hydrolyzed Vegetable Protein Market: https://www.congruencemarketinsights.com/report/hydrolyzed-vegetable-protein-market
► Organic Raisins Market: https://www.congruencemarketinsights.com/report/organic-raisins-market
Contact Us:
Ms. Shalaka Dubey
Senior Sales Manager
Congruence Market Insights
Palo Alto, CA 94301, United States
Phone: +1 650-646-2623
Email: sales@congruencemarketinsights.com
About Us:
Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as food and beverages, agriculture, building and construction, automotive, chemicals and materials, healthcare, and pharmaceuticals covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.
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