Pea Protein Market was valued at US$ 431.82 Bn. in 2020, with a CAGR of 14.47% for the period 2021-2027, thanks to.
Pea Protein Market Overview:
Pea protein is a source of protein derived and extracted in powder form from the yellow and green split peas. It is extracted from yellow peas with different processes such as isolates, concentrates, and textured. It can be used as a supplement to increase a consumer's protein or another nutrient intake. Pea protein is also used as a functional ingredient in food manufacturing, such as a thickener, foaming agent, or emulsifier. Additionally, pea protein has a healthy nutrition profile including amino acids, vitamins, and minerals. These products help to muscle growth, reduce body weight, prevent digestive ailments, and reduce the risk of cancers while improving cardiac health.
Market is a huge and rapidly growing market. In the recent two decades, the Pea Protein market has seen significant advances, resulting in higher product quality. The Pea Protein market segment has one of the most wide portfolios of the Pea Protein market due to a strong focus on research. Consumer and market insights are increasingly being gathered by general professional services firms using modern research approaches. Market research firms, for example, are already using tracking technologies to help researchers collect objective data.
Pea Protein Market Scope:
To give an in-depth insight of the industry, this report contains market participant profiles, competitive landscape, top competitors, and respective market share. This research provides a broad overview of the Pea Protein market as well as a thorough examination of the most popular products. This study looks at the market's driving and restraining variables for Pea Protein. The study looked at all data, including charts and tables, that may be utilized to portray a company.
In addition to recent and future market trends, Maximize market research looked at market size estimates and major competitors in various regions. The report also includes PESTAL and Porter's analysis to aid the buyer in calculating every aspect of the Pea Protein market.
COVID-19 Impact Analysis on Pea Protein Market:
The COVID-19 pandemic has impacted numerous national groups to varying degrees. Discrimination based on health-related socioeconomic traits like income and wealth, education, occupation, insight, and coverage is all linked. Even this pessimistic forecast is fraught with uncertainty and danger. Our knowledgeable and skilled staff is always developing and delivering cutting-edge solutions to our clients, all while utilizing cutting-edge technology.
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Pea Protein Market Segmentation:
Based on the Application Segment: The Pea Protein market is further sub-segmented into, Meat substitutes, Performance nutrition, Functional foods, Snacks, Beverages, Bakery products, and Confectionery. Pea protein market from meat substitutes application was valued at USD 50 million in 2020 and is expected to accounts for around the 13% CAGR in the estimated period (2021-2027). Thanks to the growing demand for plant-based food product should lead to an increase in the demand for meat substitute over the forecast period. Due to low processing costs and convenient storage choices, the product has been increasingly used to make meat substitutes such as burger patties and minced beef in recent years. Additionally, rising consumer worries about meat allergies should lead to increased use of isolates as a suitable food for people who do not consume animal-based protein. Because of these considerations, demand for the product in the meat substitute application is increasing.
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Pea Protein Market Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Pea Protein market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Pea Protein Market Key Players:
• Cosucra Groupe Warcoing
• Nutri Pea Limited
• Sotexpro
• Roquette Freres
• Glanbia Plc
• Fenchem Biotek Ltd.
• Prinova Group LLC
• Yantai Shuangta Food Co.
• Burcon Nutrascience
• AGT Food Ingredients, Inc.
• World Food Processing L.L.C.
• Puris Foods
• Ingredeion Inc.
• Emsland Group
• DuPont
• The Scoular Company
• AB Ingredients.
• Axiom Foods
• Shandong Jianyuan group
• Kerry Inc.
• Batory Foods
• The Green Labs LLC.
The research illuminates the competitive landscape of the worldwide Pea Protein market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. In addition, the study examines key characteristics such as company size, market share, market growth, revenue, production volume, and profitability.
The report also focuses on BCG matrix, heat map analysis, competitive benchmarking, and SWOT analysis in addition to Pea Protein Market Share analysis of companies, in-depth profiling, product and company overview.
Key Questions answered in the Pea Protein Market Report are:
- Which product segment grabbed the largest share in the Pea Protein market?
- How is the competitive scenario of the Pea Protein market?
- Which are the key factors aiding the Pea Protein market growth?
- Which region holds the maximum share in the Pea Protein market?
- What will be the CAGR of the Pea Protein market during the forecast period?
- Which application segment emerged as the leading segment in the Pea Protein market?
- Which are the prominent players in the Pea Protein market?
- What key trends are likely to emerge in the Pea Protein market in the coming years?
- What will be the Pea Protein market size by 2027?
- Which company held the largest share in the Pea Protein market?
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