openPR Logo
Press release

Pea Protein Market Size will be worth over $200mn by 2023

12-05-2017 09:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: GMI

/ PR Agency: GMI
Pea protein market size is expected to reach over USD 200 million by 2023; according to a new research report by Global Market Insights, Inc.

Increasing consciousness about health issues is foreseen to lift pea protein market over the forecast time frame. Extensive usage in the food and beverages industry due to benefits like functional attributes and appealing nutritious profile ought to drive growth. Growing popularity among consumers owing to its cost effectiveness over other alternatives will further escalate pea protein market demand. It is obtained through yellow peas; therefore, it is preferred by the vegan population over animal proteins. Increasing vegan population and high nutritional profile will further fuel the market.

Request for Sample Copy of this report @
https://www.gminsights.com/request-sample/detail/362

In European nations, food and beverage applications will be driven by rising awareness about food sensitivities and desire to avoid genetically modified ingredients. This has led to consumer inclination towards pea proteins against its counterparts.

Industry participants may face challenges due to potential allergies caused by consumption and health issues created by degraded pea protein based products. High protein foods contain purines, which increases uric acid in the body, leading to crystallization of joints and gout attacks. This may hamper sales during the forecast timeframe.

Growth of nutraceuticals and sports supplement demand signifies vast opportunity for the pea protein market. Global nutraceutical ingredients market is anticipated to exceed USD 45 billion by 2023. This can be attributed to increase in life expectancy and subsequent increase in lifestyle disease especially in the developed regions. Canada, France and U.S. are the top producers and major exporters of yellow peas. Production of yellow peas is based on variety of factors like weather, planting time, supply-demand scenario, price forecast. Any fluctuation caused in plantation of yellow peas may have direct impact on pea protein market supply trends.

Browse key industry insights spread across 120 pages with 82 market data tables & 10 figures & charts from the report, “Pea Protein Market Size By Product (Concentrate, Isolate, Textured), By Application (Nutraceuticals, Meat substitutes, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pea-protein-market-report

U.S. nutraceutical applications were valued over USD 2 million in 2015, it is set to grow at CAGR exceeding 14% by 2023. APAC led by China, India and Japan will grow at a CAGR exceeding 17% during the forecast timeframe. PPI is used as meat extender in meat ball and sausages to lower the fat content. In noodles and baked foods, it is used to improve texture.

Latin America, driven by Brazil, accounted for more than 6% of the global pea protein market in 2015 due to increase in animal feed application. Brazil fish feed production in 2015 rose by 10.7% as compared to 2014, while shrimp feed output grew by 5%. Total aquafeed production in Brazil witnessed a significant growth in 2015, exceeding 10% and the trend is anticipated to continue during the forecast timeframe. Pea protein is used as nutritional support in animal and aqua feed.

Global pea protein market is consolidated with the ecosystem comprising limited companies. However, owing to the positive outlook from nutritional and animal feed applications new players may enter the industry. Some prominent suppliers include Axiom Foods Inc., Norben Company, Inc, Burcon NutraScience Corporation, Nutri-Pea limited, Roquette Freres, Cosucra-Groupe Warcoing, Agridient, and A & B Ingredients Inc. Major industry participants are expanding their production capacities to meet increased demand.

In May 2016, U.S based World food processing, which is a major pea protein market player, declared capacity expansion plans at its production facility based in the U.S. The company currently owns PURISPea, a well-known brand in the global industry.

Pea protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2012 to 2023, for the following segments:
By Product
Isolates
Concentrates
Textured
By Application
Meat substitutes
Nutraceuticals
Sports supplements
Others
The above information is provided on a regional basis for the following:
North America
U.S.
Europe
Germany
Asia Pacific
China
Japan
Latin America
Brazil
MEA

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pea Protein Market Size will be worth over $200mn by 2023 here

News-ID: 845006 • Views: 196

More Releases from GMI

Flight Inspection Market Revenue, Opportunity, Segment and Key Trends (Safran El …
Flight Inspection Market is segmented as commercial airports and defense airports. Increasing defense budgets by major countries in the world drives the demand for defense flight inspection market. Increasing investment in modernization & development of defense airports and use of defense airports for strategic purpose will boost the industry demand. Frequent domestic & international flights and increasing travel for business purpose will increase revenue share from commercial segment. Request For Table
Europe and Asia Pacific also had a substantial share of the diabetic food market …
Diabetic Food Market size will grow at a fast pace in the forecast period. Factors responsible for the product growth are its wide application in the healthcare sector which includes preparation of medical food and insulin, tackling diabetic incidences, and other health issues like digestive disorder & obesity. Increase in aging population and growing consumer awareness about the benefits of healthy food consumption will contribute to the diabetic food market
Changing dietary preferences, strong awareness levels and industry focus could s …
Pea protein market size was 11.5 kilo tons in the year 2015 and is expected to go beyond 33 kilo tons till 2023 with a CAGR of 13.5% between the years 2026 to 2023 as per the study done by Global Market Insights. These rising figures are due to increasing awareness about healthy diets and this is going to expedite the market trend in the coming years. Because of diversity
North America will be dominating the global market. It is the fastest growing ec …
Vegetable Fats Market size will witness a substantial growth, the vegetables fat is considered a fat, which is originated from plant based sources rather than animal based sources. Vegetable fats are used in bakery application, ice cream manufacturing, meat products, dairy products, frying fats and deep, confectionery and infant nutrition. These fats are considered healthy as they are available as unsaturated fat. The food which contains vegetable oil is good

All 5 Releases


More Releases for Pea

2019 Pea Protein Isolate Market Top Key Players Focused - Emsland Group, Roquett …
“Pea Protein Isolate Market” report explores manufacturer’s competitive scenario and provides market share for all major players of this market based on production capacity, sales, revenue, geographical presence and other major factors. The report also covers import/export data across all major regions covered in this report. Download Sample PDF copy of this report @ https://www.upmarketresearch.com/home/requested_sample/93682 The key players covered in this study Emsland Group Roquette Cosucra Nutri-Pea Shuangta Food Yantai Oriental Protein Tech Shandong Jianyuan Foods Shandong Huatai Food This
What's driving the Pea Protein market trends?
Leucine, Isoleucine, and Valine present in pea proteins help in the maintenance of tissues of the muscles. Pea proteins are easily digestible and are best suitable for the people having lactose intolerance. Changing food tastes, including the rising trend for protein-rich diet is anticipated to increase the pea protein consumption thereby boosting the global demand for pea proteins. As per the Global Market Insights Inc. report, the pea protein market is
Global Pea Protein Processing Equipments Market Research
The Global Industrial Vacuum Pumps statistical surveying report is the examination arranged by investigators, which contain a nitty gritty examination of drivers, limitations, and openings alongside their effect on the Industrial Vacuum Pumps showcase development. This exploration report will help with being pertinent The worldwide pea protein preparing hardware market to develop at a CAGR of 5.91% amid the period 2017-2021. Global Pea Protein Processing Equipments Market Research 2017-2021, has
Global Pea Starch Market
https://www.qandqmarketresearch.com/report-sample/pea-starch-market-82 This report studies the global Pea Starch market status and forecast, categorizes the global Pea Starch market size value & volume by key players, type, application, and region. This report focuses on the top players in North America, Europe, AsiaPacific, South America, and Middle East & Africa. The global Pea Starch market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at
Global Pea Protein Market 2018 - Roquette, Cosucra, Nutri-Pea
Apex Market Reports, recently published a detailed market research study focused on the “Pea Protein Market” across the global, regional and country level. The report provides 360° analysis of “Pea Protein Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Pea Protein on
Pea Protein Market Lucrative Opportunites By 2024
Pea protein has a variety of application in the food and beverage industry. It is rich in essential nutrients and has an advantage of functional characteristics with a large amount of amino acids. They are segmented into concentrates, isolates and textured pea depending on their protein content. They are used at meat extender, substitutes and analogs. The global pea protein market is anticipated to witness a dramatic growth in its