Press release
Global Pea Protein Market Set to Surpass USD 1.3 Billion by 2030
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐๐๐๐ก ๐๐๐ 1,312.05 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2030The global pea protein market, valued at USD 592.95 million in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 12.02%, reaching nearly USD 1,312.05 million by 2030.This growth is driven by the increasing demand for plant-based proteins, rising health consciousness, and the expanding vegan and vegetarian populations worldwide.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐:https://www.maximizemarketresearch.com/request-sample/26472/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Vietnam is witnessing a growing interest in plant-based diets, leading to increased demand for alternative protein sources like pea protein. Local manufacturers are exploring opportunities to incorporate pea protein into traditional and modern food products to cater to health-conscious consumers.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
In Thailand, the trend towards health and wellness is influencing dietary choices. The food industry is responding by developing products fortified with pea protein, appealing to consumers seeking nutritious and plant-based options.
๐๐๐ฉ๐๐ง: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Japan's market is experiencing growth in the plant-based sector, with pea protein gaining popularity due to its high nutritional value and versatility. Japanese companies are investing in research and development to create innovative pea protein-based products that align with local tastes and preferences.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
South Korea's food industry is undergoing consolidation, with major companies acquiring smaller firms specializing in plant-based proteins. This strategy aims to strengthen product portfolios and meet the increasing demand for alternative protein sources, including pea protein.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง
Singapore is updating its food innovation landscape by promoting the development of alternative proteins. The government supports initiatives that encourage the use of pea protein in various food applications, positioning Singapore as a hub for food tech advancements in the region.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
The United States is experiencing significant expansion in the pea protein market, driven by consumer shifts towards plant-based diets. Companies like Beyond Meat and Ripple Foods are incorporating pea protein into their products, catering to the growing demand for sustainable and healthy protein alternatives.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Europe is at the forefront of developments in the pea protein market, with countries like France and Germany leading in production and consumption. The focus on sustainability and health is driving the adoption of pea protein in various food and beverage products across the continent.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Isolates
Concentrates
Textured
With more than 58% of the overall pea protein market revenue in 2023, the Isolates segment held the largest market share by type. Usually making up the greatest portion, the Isolates segment is mostly linked to yellow pea protein isolate, which is usually obtained from peas grown in North America or Europe. In order to produce protein from pea isolate, the outer shell of the pea is often removed prior to the pea being crushed into flour in regular food industry methods. The other ingredients, such as fiber and starch, are removed by a further filtration process, producing a white precipitate that is distilled into pea protein isolate, which is then used to make protein powder.
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
Split yellow peas
Lentils
Chickpeas
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages
๐๐ฒ ๐ ๐จ๐ซ๐ฆ
Dry
Wet
In terms of form, the wet category held the biggest market share for pea protein in 2023 and is anticipated to expand at the fastest rate between 2024 and 2029. Wet pea protein is used as a texturizing additive in baked foods, confections, and meat products. Wet pea protein's fibrous nature is also anticipated to encourage its inclusion in energy supplements and fruit juice blends.
๐๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/request-sample/26472/
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Yantai Shuangta Foods Co., Ltd (China)
2. Shandong Jianyuan Group (China)
3. ET-Chem (China)
4. Shandong Xiangchi Jianyuan Bio-Tech Co., Ltd. (China)
5. Fenchem Biotek Ltd. (China)
6. Shandong Huatai Food (China)
7. Shuangta Food (China)
8. Shandong Oriental Herbest Bio-Tech Co., Ltd. (China)
9. Fencol Corporation (China)
๐๐ข๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ญ๐! ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ญ๐ฎ๐๐ฒ ๐จ๐ง ๐๐ฎ๐ซ ๐๐๐๐ฉ๐๐ ๐ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/market-report/global-pea-protein-market/26472/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Pea Protein ?
What is the growth rate of the Pea Protein Market?
Who are the key players in the Pea Protein market?
Who are the leading companies and what are their portfolios in Pea Protein Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for 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 segments are covered in the Pea Protein Market?
What segments are covered in the Pea Protein Market?
What are the key opportunities in the market?
What factors restrain the market growth?
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/26472/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
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
Recommendations
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