Press release
Pea Proteins Market Size 2024 to 2031.
Pea protein is a high-quality plant-based protein derived from yellow peas. It is a popular choice for vegetarians, vegans, and individuals with allergies to other types of protein. The global pea protein market is experiencing significant growth due to increasing consumer demand for plant-based proteins, rising awareness of health benefits associated with pea protein, and the growing trend of veganism and vegetarianism.
The market for pea proteins is expected to continue its growth trajectory, with a projected CAGR of 12.00% during the forecasted period. This growth can be attributed to the increasing adoption of pea protein in various applications, including food and beverage, dietary supplements, and animal feed. The market is also witnessing a surge in product innovation and development, with manufacturers focusing on enhancing the functionality and nutritional profile of pea protein to meet the evolving consumer preferences.
Furthermore, the pea protein market is benefiting from the shift towards clean label and natural ingredients, as pea protein is considered a clean and sustainable protein source. With the rising emphasis on health and wellness and the increasing demand for plant-based products, the future outlook for the pea proteins market appears promising, with ample opportunities for growth and expansion.
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Market Segmentation
The Pea Proteins Market Analysis by types is segmented into:
• Low Purity Pea Protein (75%-80%)
• Medium Purity Pea Protein (80%-85%)
• High Purity Pea Protein (>85%)
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Pea proteins are available in three main types based on purity levels: Low Purity (75%-80%), Medium Purity (80%-85%), and High Purity (>85%). Low Purity pea protein is more affordable but may contain more impurities. Medium Purity offers a balance between cost and quality. High Purity pea protein is the most refined and contains the highest protein content. Each type caters to different consumer needs and preferences, providing options for various uses in the food and beverage industry.
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The Pea Proteins Market Industry Research by Application is segmented into:
• Sports Nutrition Food
• Energy Drinks
• Health Food
• Pet Food
Pea proteins are widely used in sports nutrition foods, energy drinks, health foods, and pet foods due to their high nutritional value and ability to aid in muscle recovery and repair. In sports nutrition foods, they provide essential amino acids for building muscle. In energy drinks, they provide a natural source of energy without the crash associated with caffeine. In health foods, they offer a plant-based alternative to animal proteins. In pet foods, they provide a digestible protein source for dogs and cats.
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In terms of Region, the Pea Proteins Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Pea Proteins market?
Some emerging trends in the global pea proteins market include increasing demand for plant-based protein alternatives, growing awareness of the health benefits of pea proteins, and rising interest in sustainable and environmentally friendly food products. Additionally, the market is seeing a surge in product innovation and development of new pea protein-based food and beverage products to cater to a diverse consumer base. With the rise of vegan and vegetarian diets, pea proteins are gaining popularity as a versatile and nutritious source of protein. Overall, the global pea proteins market is expected to continue expanding as consumers seek healthier and more sustainable protein options.
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Major Market Players
One of the key players in the pea proteins market is Roquette, a global leader in plant-based ingredients. Roquette has been in the business for over 80 years and has a strong presence in the food, nutrition, and pharmaceutical industries. The company has been focusing on expanding its pea protein portfolio to meet the growing demand for plant-based protein alternatives. Roquette has seen significant market growth in recent years and has a market size of over $200 million in the pea proteins segment.
Another major player in the pea proteins market is Emsland, a German-based company with expertise in specialty starches and proteins. Emsland has been in operation for over 100 years and has been a key player in the plant-based proteins market. The company has experienced steady market growth and currently holds a significant market share in the pea proteins segment. Emsland's sales revenue in the pea proteins market is estimated to be around $150 million.
Cosucra is another prominent player in the pea proteins market, with a focus on plant-based ingredients and functional foods. The company has a strong history of innovation and has been driving market growth through new product developments in the pea proteins segment. Cosucra's sales revenue in the pea proteins market is reported to be around $100 million.
Overall, the pea proteins market is experiencing rapid growth due to the increasing consumer demand for plant-based protein alternatives. Companies like Roquette, Emsland, and Cosucra are well-positioned to capitalize on this trend and drive further market expansion in the coming years.
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