Press release
Organic Pea Protein Market to reach US$ 96 Mn by 2029
The organic pea protein market is expected to continue its growth trajectory during the forecast period 2019-2029. Factors such as the rising trend of veganism, growing awareness regarding the health benefits of plant-based proteins, and the increasing demand for clean-label and organic products are driving market growth.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30290&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Market Size and Growth:
The global organic pea protein market was valued at US$ 45 Mn in 2019 and is projected to reach US$ 96 Mn by 2029, growing at a CAGR of 8% during the forecast period. The market growth is attributed to the increasing adoption of organic pea protein in food and beverage, dietary supplements, and animal feed industries.
Market Segmentation:
By Product Type: Isolates, Concentrates, Textured
By Application: Food and Beverages (Bakery and Snacks, Meat Alternatives, Beverages), Dietary Supplements, Animal Feed
By Distribution Channel: Direct Sales, Indirect Sales (Supermarkets/Hypermarkets, Specialty Stores, Online Retail)
Regional Analysis:
North America: The region dominates the market, driven by the high adoption of plant-based proteins and the presence of key market players.
Europe: The market is growing steadily, supported by the increasing demand for organic and clean-label products.
Asia-Pacific: The region is expected to witness significant growth, owing to the rising awareness regarding the health benefits of organic pea protein.
Market Drivers and Challenges:
Drivers: Increasing demand for plant-based proteins, growing preference for organic and clean-label products.
Challenges: Price fluctuations of raw materials, limited consumer awareness in developing regions.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.transparencymarketresearch.com/checkout.php?rep_id=30290<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Competitive Landscape:
The organic pea protein market is highly competitive, with several key players vying for market share. Some of the prominent players in the market include Farbest Brands,The Green Labs LLC,The Scoular Company Ltd.,Greenway Organics (Tianjin) Co., Ltd.,Vestkorn, YT (XI'AN) Biochem Co.,Axiom Foods, Inc.,Phyto-Therapy Pty Ltd.,Puris,MaxsunA Industries, Inc.,A&B Ingredients,Bioway (Xi'an) Organic Ingredients Co. Ltd..
Future Outlook:
The organic pea protein market is poised for significant growth in the coming years, driven by the increasing consumer shift towards plant-based diets and the rising demand for organic and clean-label products. Market players are focusing on product innovation and strategic partnerships to gain a competitive edge in the market.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฅ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html
๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐ฅ๐จ๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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