Pea Protein Market: Global Industry Analysis and Forecast (2024-2030) by Product, Form, Source and Application

Pea Protein Market Overviews

Pea protein is a great plant-based protein derived from split peas, known for its dietary benefits and functional properties. It is rich in fundamental amino acids, especially lysine and threonine, and is viewed as an excellent protein and a utilitarian fixing in the global business because of its low high protein content, accessibility, reasonableness, and sustainability as a crop. Pea protein has magnificent utilitarian properties, for example, dissolvability, water and oil holding limit, emulsion capacity, gelation, and consistency, making it a promising fix in the food business.

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Pea Protein Market Scope and Methodology:

Rising Demand for Plant-based Proteins- The rise in demand is primarily attributed to the growing health awareness among the masses and the health benefits associated with plant-based diets. Also, Plant-based alternatives offer lower saturated fats and cholesterol, appealing to those seeking healthier options. The rising fame of vegan lovers and vegetarian ways of life has moved the interest in plant-based protein sources, with pea protein being a prime decision. According to a survey conducted by MMR, about 5% of Americans consider themselves vegetarians, and 3% consider themselves vegans. Only 2% of Americans identified as vegan in 2012, implying the vegan population growth. The vegan lifestyle is gaining popularity, with projections indicating that by 2040, only 40% of the world's population is going to consume meat.

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Pea Protein Market Regional Insights

Asia Pacific:
Asia Pacific emerges as a burgeoning market for Pea Protein, fueled by rapid industrialization and infrastructure development across countries like China, India, and Japan. With a burgeoning manufacturing sector and increasing investments in industries such as construction, mining, and energy, the demand for Pea Protein solutions is witnessing exponential growth. Moreover, the proliferation of smart manufacturing initiatives and the adoption of predictive maintenance strategies amplify the market potential in the region.

Latin America:
Latin America presents untapped opportunities in the Pea Protein market, spurred by the expansion of key industries like mining, oil & gas, and manufacturing. As countries strive to enhance operational efficiency and mitigate risks associated with equipment failures, the adoption of Pea Protein technologies is gaining traction. However, challenges related to economic volatility and infrastructure limitations pose barriers to market growth, necessitating strategic partnerships and investments to unlock the region's potential.

Pea Protein Market Segmentation

By Product, The by-product section of the pea protein market incorporates isolates, concentrates, textured pea protein, hydrolyzed protein, and others. Among these, pea protein isolates rule the market, representing around half of the market share in 2022. Pea protein concentrates come next, trailed by textured pea protein, as considered to encounter the most noteworthy CAGR of 9.7% between 2023 and 2032. The interest in pea protein isolates is especially high since they are reasonable for dietary enhancements in the sports nutrition area, given their high protein focus and essential amino acids. Textured pea protein is acquiring consideration because of its reasonableness for use in meat items, offering a high protein focus and vital amino acids, further developed emulsification, great water-restricting qualities, and high dissolvability.

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Pea Protein Market Key Players

Cargill, Incorporated (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion Incorporated (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co, Ltd (China)
The Scoular Company (US)
Burcon Nutrascience Corp (Canada)
Shandong Jianyuan Group (China)

Key questions answered in the Pea Protein Market are:

What is Pea Protein?
What was the Pea Protein market size in 2023?
What is the growth rate of the Pea Protein Market?
Which are the factors expected to drive the Pea Protein market growth?
What are the different segments of the Pea Protein Market?
What growth strategies are the players considering to increase their presence in Pea Protein?
What are the upcoming industry applications and trends for the Pea Protein Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Pea Protein Market?
Who are the leading companies and what are their portfolios in Pea Protein Market?
What segments are covered in the Pea Protein Market?
Who are the key players in the Pea Protein market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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