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Plant-Based Proteins Propels Growth of Yellow Pea Protein Market, Projected to Reach US$ 3.1 Billion by 2030

03-14-2024 03:51 PM CET | Food & Beverage

Press release from: Transparency Market Research

Yellow Pea Protein Market

Yellow Pea Protein Market

In recent years, the global food industry has witnessed a significant shift towards plant-based alternatives, driven by evolving consumer trends and a growing awareness of health and sustainability. Among these alternatives, yellow pea protein has emerged as a prominent player, offering a versatile and sustainable source of protein for a variety of food and beverage applications. This article explores the factors driving the growth of the yellow pea protein market, its rising popularity among consumers and food manufacturers, and the opportunities and challenges it presents in the current landscape.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77987

Key Players and Market Developments
โ€ข Roquette Frรจres
โ€ข Cargill Inc.
โ€ข Kerry Group PLC
โ€ข DuPont de Nemours, Inc.
โ€ข The Scoular Company
โ€ข Glanbia plc
โ€ข Cosucra Groupe Warcoing S.A.
โ€ข Shandong Jianyuan Group
โ€ข Axiom Foods, Inc.
โ€ข Bata Food.
โ€ข Puris Proteins LLC
โ€ข Burcon NutraScience Corporation
โ€ข The Green Lab LLC

Evolving Consumer Trends and Demand for Plant-based Proteins:
With the rise of veganism, clean-label, and chemical-free diets, consumers worldwide are increasingly seeking healthier and more sustainable food options. Plant-based proteins, including yellow pea protein, have gained traction as consumers look for alternatives to traditional meat-based products. The demand for plant-based proteins is expected to continue growing, driven by factors such as health consciousness, environmental concerns, and ethical considerations.

Yellow Pea Protein: A Versatile Ingredient with Health Benefits:
Yellow pea protein, derived from yellow peas, offers several health benefits, making it an attractive choice for both consumers and food manufacturers. It is rich in nutrients, aids in weight loss, muscle growth, and maintains cardiac health. Moreover, yellow pea protein is free from allergens commonly found in traditional protein sources, making it suitable for individuals with dietary restrictions. Its versatility allows for incorporation into a wide range of food products, including shakes, smoothies, vegan burgers, and plant-based milk.

Rising Popularity among Food Manufacturers:
As consumer demand for plant-based products continues to grow, food manufacturers are increasingly incorporating yellow pea protein into their product formulations. This trend is driven by the environmental and ethical concerns associated with meat consumption, as well as the health benefits of plant-based diets. Companies like Warburtons have begun adding yellow pea protein to their product lines, reflecting the industry's shift towards plant-based alternatives.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=77987<ype=S

Impact of COVID-19 and Future Outlook:
While the COVID-19 pandemic has posed challenges to the food industry, the demand for yellow pea protein has remained resilient. Consumers' growing interest in plant-based diets and concerns about meat consumption have contributed to the continued growth of the market. As lockdowns and restrictions ease, the yellow pea protein market is expected to show signs of recovery, with projected growth reaching ~US$ 3.1 billion by 2030.

About Us Transparency Market Research
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.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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