Textured Pea Protein: Plant-Based Trend Surges, Market Expected to Reach US$ 800 Million by 2030

The global food and beverage landscape is witnessing a remarkable shift towards plant-based proteins, driven by evolving consumer preferences and increasing awareness of environmental and health concerns associated with meat consumption. Among the array of plant-based protein sources, textured pea protein has emerged as a frontrunner, gaining traction due to its nutritional benefits, versatility, and sustainability. This article explores the key trends, market dynamics, and strategies shaping the textured pea protein market, as highlighted in a recent research report by Transparency Market Research.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78120

Key Players and Market Developments

· Rouquette Freres
· DuPont
· Puris Foods
· Ingredion
· Emsland Group
· Fenchem Inc
· The Green Labs LLC
· A&B Ingredients
· Glanbia PLC
· Axiom Foods Inc
· The Scoular Company
· Burcon Nutrascience Corp Cosucra Groupe Warcoing
· SotexPro
· AGT Foods
· Shandong Jianyuan Foods Co., Ltd.
· Yan Tai Shuang Ta Food Co.Ltd

Trends Driving Market Growth:

Shift Away from Meat-Based Products: Consumer preferences are undergoing a tectonic shift away from traditional meat-based products, particularly in regions like Europe and North America. Heightened environmental concerns and growing awareness of animal cruelty and health risks associated with meat consumption have propelled the demand for plant-based proteins.

Rising Interest in Plant-Based Proteins: The growing interest in non-meat-based proteins is fueling the demand for textured pea protein globally. Consumers, especially in developed regions, are increasingly opting for alternative protein sources, driving the market growth.

Biotechnological Innovations: Market players are investing in research and development to replicate meat-based products using plant-based ingredients. This focus on innovation is driving the development of textured pea protein products that closely mimic the taste, texture, and nutritional profile of meat.

Health and Wellness Trends: Growing health consciousness among consumers, particularly millennials, is driving the demand for plant-based protein products like textured pea protein. Consumers are seeking healthier dietary options, leading to increased adoption of plant-based proteins for their nutritional benefits.

Impact of COVID-19 Pandemic: The COVID-19 pandemic has further accelerated the demand for plant-based proteins, including textured pea protein. Supply chain disruptions and concerns about meat safety have prompted consumers to explore plant-based alternatives, driving market growth during the pandemic.

Market Dynamics:

The global textured pea protein market is projected to reach ~US$ 800 million by 2030, with a robust CAGR of 7.6%.

Dry processing dominates the market, accounting for a significant market share due to its versatility and functional properties.

Food processing and sports nutrition segments are driving market growth, with increasing demand for textured pea protein in various applications, including bakery, sports supplements, and plant-based meat substitutes.

North America and Europe are the leading markets for textured pea protein, driven by increasing consumer awareness, rising disposable income, and growing demand for plant-based products.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=78120<ype=S

Strategies for Market Players:

Manufacturers are focusing on expanding their product portfolios and introducing innovative textured pea protein products to cater to diverse consumer preferences.

Investment in research and development is crucial for developing high-quality, non-GMO, and allergen-free textured pea protein products.

Marketing strategies, including social media campaigns and endorsements by influencers, are being employed to create awareness and promote textured pea protein products.

Collaborations and partnerships are facilitating market expansion, enabling companies to tap into new markets and enhance their distribution networks.

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.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.