Pea Protein Market Lucrative Opportunites By 2024
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 demand on account of rising concern for health and wellness among the consumers in all corners of the world.
Changing lifestyle of the consumers is the key factor driving the demand for the global pea protein market. Adoption of a healthier lifestyle due to the increasing concern for health and wellness among the consumers across the world is pushing forward the demand for the global pea protein market.
In addition, the increasing concern towards lactose intolerance levels is also driving the demand for the global pea protein market. Expansion of the nutraceuticals industry and the rising demand for gluten free products are also driving the global pea protein market.
Obtain Report Details:
In addition, the rising consumption of meat substitutes, rising concern towards lactose intolerance levels and the optimistic outlook on the sports nutrition market are some of the major drivers for the global pea protein market.
Low consumer awareness of pea proteins is a major factor inhibiting the growth of the global pea protein market. Consumers are yet to be aware of the positive effects of pea proteins.
High cost of pea proteins along with the growing demand for other plant proteins is also restraining the market. Moreover, the rapid market penetration of animal protein is also barring the growth of the global pea protein market.
Technological advancement in extrusion and processing is anticipated to serve as a suitable opportunity to the global pea protein market. Rising market for weight management products and the improved taste of texture pea protein are also considered to be suitable opportunities for the global pea protein market.
By product type, the global pea protein market has been segmented into isolates, concentrates and textured pea protein. Isolates are used in the formulation of meat substitutes because of its high content of amino acids, high solubility, favorable water binding characteristics and good emulsification.
Moreover, isolates contain an approximate of 95% protein which makes them suitable for the sports nutrition industry. Isolates are expected to record the fastest growth during the forecast period.
Owing to its fiber content similar texture to that of meat, textured pea proteins are increasingly used in beverages and dietary supplements. Concentrates are used in aquafeed, beverages and food due to its high protein content.
By product application, the global pea protein market has been segmented into snacks and bakery products, meat extenders and analogs, dietary supplements, beverages and others.
The dietary supplements were the largest segment in terms of revenue in 2014 and are expected to maintain their position during the forecast period. Increasing concern for health and wellness is expected to propel the growth of the dietary supplements segment.
However, meat substitutes are expected to witness the fastest growth during the forecast period owing to the rising concern for meat allergies resulting in the technological development of textured products similar to that of meat.
Make Enquiry @
North America was the largest market for pea proteins in 2014 accounting for almost 35% of the total pea protein market. Asia Pacific is expected to be the fastest growing market for pea proteins owing to the rising consumption of nutrient rich food products.
A&B Ingredients, Farbest Brands, Roquette Freres, The Scoular Company, Axiom Foods Inc., Nutri-Pea Ltd., Sotexpro are some of the major players operating in the global pea proteins market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Lucrative Opportunites By 2024 here
News-ID: 866500 • Views: 233
More Releases from Transparency Market Research
Chiropractic Care Market Pegged for Robust Expansion by 2024
This report analyzes in detail the global market for chiropractic care, complete with annual forecasts and estimates. The report is designed to help entities operating within the chiropractic care market, or those looking to enter the market, to gain a comprehensive understanding of its landscape. Our team of seasoned analysts offers you insights into market growth drivers as well as inhibitors. This research report titled ‘Chiropractic Care Market - Global Industry
Super Resolution Microscopes Market to Register Substantial Expansion by 2024
Global Super Resolution Microscopes Market: Overview Traditional microscopes work by magnifying the light passing through a sample using lenses. This produces a magnified picture. However, these microscopes have focusses limited to the diffraction of light that happens mostly beyond a selected magnification. Enter super resolution microscopes (SRMs). They are highly specialized modified light microscopes that overcome the diffraction limit of light to provide high resolution image of an object. This
Gastrointestinal Endoscopic Devices Market to Reflect Impressive Growth Rate by …
Devices used to inspect the internal lining of the gastrointestinal tract are termed as gastrointestinal endoscopic devices. Gastrointestinal (GI) tract includes small intestine, large intestine, duodenum, colon, stomach, cecum and rectum. Any infection or abnormalities in function of this GI tract is detected for using gastrointestinal endoscopic devices. These devices are helpful in detecting the cause of abdominal bleeding, vomiting, persistent pain, inflammation and tumor affecting the esophagus, duodenum and
Primary Care Doctor Market to Receive Overwhelming Hike in Revenues by 2024
Primary care doctors are the licensed healthcare professionals who diagnose and treat individuals, and help them in restoring their health condition, and thus bring them back to the active life through reducing the physiological complications and restoring the body functions. They are the primary point of advice for the patients due to a number of factors like easy communication, familiarity and the need of cost management. They may refer the
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the