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Pea Protein Market worth $4.43 billion by 2030, growing at a CAGR of 8.83% - Exclusive Report by 360iResearch
Pea Protein Market | 360iResearch
The Global Pea Protein Market to grow from USD 2.45 billion in 2023 to USD 4.43 billion by 2030, at a CAGR of 8.83%.
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A pea protein is a high-quality, plant-based protein that is derived from yellow split peas. This form of protein has gained popularity in the nutrition and food industry due to its excellent amino acid profile, high digestibility, and sustainable production methods. Pea protein is often utilized as a key ingredient in various products, including protein supplements, meat substitutes, dairy alternatives, and baked goods, to cater to the dietary requirements of vegetarians, vegans, and individuals with certain food allergies or intolerances. Its versatility and nutritional benefits make pea protein an advantageous choice for consumers seeking plant-based dietary solutions. The increasing global pea production, the requirement for gluten-free products, and the growth in the consumption of canned and preserved foods propels the growth of the pea protein market. However, pea protein faces stiff competition from other plant-based and animal-based proteins. Growing consumption of protein-fortified functional foods offers opportunities for the expanding pea protein market.
In the Americas, the United States and Canada are contributing to the growth of the pea protein market. The increasing trend towards vegan and plant-based diets and a growing awareness of lactose intolerance have significantly boosted consumer demand for pea protein products in these countries. Recent patents in the United States focus on improving pea protein-based products' taste, texture, and nutritional profile. The Asia Pacific region, particularly countries such as China, Japan, and India, presents a rapidly growing market for pea protein due to increasing disposable incomes and shifting dietary preferences towards vegetarianism and veganism. In China, the consumption and production of pea protein are supported by government policies favoring plant-based protein sources to ensure food security. India's market is burgeoning, driven by a traditionally vegetarian population looking for high-quality protein sources. In response to the increasing requirement for functional foods, Japan is innovating by integrating pea protein into its traditional cuisine, which further aligns with global health trends and opens new avenues for using pea protein in culturally rich and diverse Japanese culinary practices. The research and development efforts in the EMEA region emphasize taste improvement, allergen-free products, and sustainability. European Union countries, driven by environmental concerns and a robust health-conscious population, have witnessed significant growth in the demand for pea protein. Innovations and investments are predominantly observed in improving product applications in meat substitutes, dairy alternatives, and sports nutrition. In the Middle East and Africa, evolving lifestyles and a growing inclination towards plant-based diets present significant opportunities for the pea protein market.
Market Segmentation & Coverage:
This research report categorizes the Pea Protein Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Concentrates, Isolates, and Textured. The Textured is projected to witness significant market share during forecast period.
Based on Form, market is studied across Dry and Wet. The Wet is projected to witness significant market share during forecast period.
Based on Source, market is studied across ChickPea, Lentils, and Yellow Split Pea. The Lentils is projected to witness significant market share during forecast period.
Based on Application, market is studied across Beverages, Meat Extenders & Analogs, Nutritional Supplements, and Snacks Bakery Products. The Snacks Bakery Products is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.88% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pea Protein Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pea Protein Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pea Protein Market, highlighting leading vendors and their innovative profiles. These include AGT Food and Ingredients, Aminola B.V., Avanschem, Axiom Foods, Bioway (Xi'an) Organic Ingredients Co., Ltd., Burcon Nutrascience, Cosucra, ETChem, Farbest-Tallman Foods Corporation, Gemef Industries SA, Glanbia PLC, Greenway Organics (Tianjin) Co., Ltd., Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Maxsun Industries, Inc., Now Foods, Phyto-Therapy, PURIS, Roquette Frères, Sotexpro, STDM Food And Beverages Private Limited, Sun Nutrafoods, The Green Labs LLC, The Scoular Company, and Titan Biotech.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pea Protein Market, by Type
7. Pea Protein Market, by Form
8. Pea Protein Market, by Source
9. Pea Protein Market, by Application
10. Americas Pea Protein Market
11. Asia-Pacific Pea Protein Market
12. Europe, Middle East & Africa Pea Protein Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pea Protein Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pea Protein Market?
3. What is the competitive strategic window for opportunities in the Pea Protein Market?
4. What are the technology trends and regulatory frameworks in the Pea Protein Market?
5. What is the market share of the leading vendors in the Pea Protein Market?
6. What modes and strategic moves are considered suitable for entering the Pea Protein Market?
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About 360iResearch
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