Pea Protein Market Size to Hit USD 6,650.63 million by 2032, Growing at 12.8% CAGR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The pea protein market was valued at USD 2,244.15 million in 2023
The market is expected to expand at a CAGR of 12.8% from 2024 to 2032
The market is expected to grow to USD 6,650.63 million by 2032

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Pea protein, derived from yellow peas, is a plant-based protein alternative free of dairy. Various forms of pea protein, such as pea protein concentrate, pea protein isolate, and textured pea protein, can be purchased in stores. Pea protein is a valuable alternative protein choice for those who follow a vegetarian diet or who cannot consume dairy products due to lactose intolerance. This protein source is particularly important for individuals who follow vegetarian diets or experience lactose intolerance. Pea protein products can be substituted for soy, almonds, and peanuts to prevent potential allergies in certain individuals.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/pea-protein-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The increasing vegan population in European countries is ready to support market expansion, mainly due to concerns about the environment and health. Preferring plant-based protein-fortified products to fulfill their protein requirements, the expanding vegan community holds a significant influence. Furthermore, the pea protein market is experiencing growth as processed food producers incorporate more plant-based ingredients to appeal to the rising number of vegans.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

With so many businesses involved, the market is projected to become more competitive as it continues to grow. Some of the major players participating in the market:

Axiom Foods, Inc.
Burcon Nutrascience
Cosucra Groupe Warcoing SA
DuPont
Fenchem, Inc.
Ingredion, Inc.
Martin & Pleasance
Nutri-Pea
Roquette Freres
Shandong Jianyuan Group
Sotexpro SA
The Green Labs LLC
The Scoular Company

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/pea-protein-market/inquire-before-buying

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The pea protein market is mainly segmented based on form, application, product, source, and region. Based on the product analysis, in 2023, the isolates segment accounted for the largest income share. Isolates are commonly used in meat products, fruit mixes, energy drinks, and bakery items for their beneficial emulsification and non-allergenic properties.

Furthermore, according to the form analysis, during the projection period, the dry segment held the highest market share because of its increased protein content, improved functionality, longer shelf life, and convenient handling and storage; pea protein, when produced through dry methods to make concentrates and isolates, produces a more concentrated protein product.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/pea-protein-market

𝐏𝐞𝐚 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

The Isolates segment dominated the revenue share in 2023. Isolates are widely utilized as nutritional supplements in various applications, including meat products, fruit mixes, energy drinks, and bakery items, owing to their favorable emulsification properties and non-allergenic characteristics. The expected growth in the sports nutrition sector, especially in developed nations like the U.S., Germany, and the UK, propelled by the introduction of new products like Amway and Cadbury in the energy mix segment, is anticipated to drive increased demand for isolates.

The Dry segment held the highest market share throughout the forecast period. Processed through dry methods to create concentrates and isolates, pea protein exhibits heightened protein concentration, enhanced functionality, extended shelf life, and convenient handling and storage. These qualities make it highly attractive to both manufacturers and consumers seeking efficient protein sources. The powdered form of dry pea protein allows for seamless integration into various food applications without compromising texture or taste, ensuring prolonged shelf life and stability with its low moisture content. Additionally, its ease of handling and storage, coupled with its clean label appeal and alignment with the growing demand for plant-based protein alternatives, solidifies its market dominance.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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Ready To Drink Tea And Coffee Market
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Omega 3 Market
https://www.einpresswire.com/article/743213928/omega-3-market-size-2024-to-reach-4-459-28-million-by-2032-at-rate-of-7-6

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