Pea Protein Market


Pea Protein Market

 Category : Food & Beverages

 Published: Feb-2022
 Author: SPER Analyst

Global Pea Protein Market is projected to be worth USD 0.92 billion by 2032 and is anticipated to expand at a CAGR of 12.96%.

A specific type of plant-based protein known as pea protein is found in yellow peas. Consumers that follow a vegan, vegetarian, or flexitarian diet prefer it over proteins derived from animals. The "pea protein market" is the industry for products derived from pea proteins, including powders, isolates, and concentrates that are used in a variety of food and beverage applications. Pea protein is an excellent source of all nine of the essential amino acids, which the body cannot produce on its own. Moreover, it has a low-fat content, is cholesterol-free, and is a superior source of fibre. Due to its nutritional benefits, pea protein is a popular ingredient in a wide range of products, including sports nutrition products, meat substitutes, and snacks. Some of the factors propelling the global pea protein market are the need for plant-based protein products, growing awareness of pea protein's health benefits, and the acceptance of vegan and vegetarian diets. The growing demand for food products that are sustainable and environmentally friendly is also stimulating the industry. Overall, it is predicted that the market for pea protein will grow over the coming years as a result of expanding consumer demand for goods with plant-based proteins and rising consumer interest in sustainability and health.

The pea protein sector has been impacted by the COVID-19 epidemic in both positive and negative ways. On the one hand, the pandemic has raised demand for plant-based protein products as people seek to improve their overall health and immune systems. This pattern has raised consumer demand for pea protein products as a source of high-quality plant-based protein. The pandemic has also raised consumer awareness of environmental issues and the need for sustainable products, which has increased demand for pea protein as a source of sustainable protein. The manufacturing and distribution of goods containing pea protein have been impacted by supply chain disruptions brought on by the epidemic, on the other hand. Lockdowns and travel restrictions have caused production facilities to close, worker numbers to drop, and logistical issues that have impacted the supply chain in a number of countries. The pandemic has affected consumers' purchasing behaviours as well. The financial strain created by the pandemic's economic impacts has led many consumers to seek out less expensive protein sources, such as animal-based proteins. As a result, less expensive plant-based protein sources like pea protein are in demand. The COVID-19 pandemic has usually had inconsistent effects on the pea protein market, some positive because to an increase in demand for plant-based and sustainable protein products and some unfavourable due to supply chain disruptions and shifting consumer behaviour. However, as consumers strive for more sustainable and plant-based protein sources, the market for pea protein is predicted to grow in the long run.

Pea Protein Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Axiom Foods, Inc, Burcon Nutrascience, Coscura Groupe Warcoing SA, DuPont, Emsland Group, Fenchem Inc., Ingredeion Inc., Martin & Pleasance, Nutri-Pea Ltd, Puris Foods, Rouquette Freres, Shandong Jianyuan Group, Sotexpro SA, The Green Labs LLC, The Scoular Company.

Global Pea Protein Market Segmentation:

By Type: Based on the Type, Global Pea Protein Market is segmented as; Disease Registries, Health Service Registries, Product Registries.

By Form: Based on the Form, Global Pea Protein Market is segmented as; Integrated Software, Standalone Software.

By Source: Based on the Source, Global Pea Protein Market is segmented as; Ownership Model, Subscription Model.

By Application: Based on the Application, Global Pea Protein Market is segmented as; On-premise Models, Web & Cloud-based Models.

By Region: The demand for pea protein is predicted to increase significantly worldwide over the next few years, with North America and Europe leading the way. This is explained by the increased popularity of veganism and vegetarianism in these areas, along with the growing knowledge of the health advantages of plant-based proteins. Due to the rising demand in nations like China and India for functional foods and nutritional supplements, Asia Pacific is also anticipated to experience significant growth. The global pea protein market is anticipated to expand in other areas as well, including South America, the Middle East, and Africa.

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This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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