Global Pea Protein Market Overview
According to SPER Market Research, the Global Pea Protein Market is estimated to reach USD 0.92 billion by 2032 with a CAGR of 12.96%.
Yellow Global Peas are the source of a particular form of plant-based protein known as Global Pea protein. Customers who eat a vegan, vegetarian, or flexitarian diet favour it as an alternative to animal-based proteins. The term "Global Pea protein market" refers to the marketplace for Global Pea protein-related goods, such as powders, isolates, and concentrates that are utilised in a range of food and beverage applications. The nine essential amino acids that the body cannot make on its own are all present in Global Pea protein, making it a great supply of amino acids.
Moreover, it is low in fat, free of cholesterol, and an excellent source of fibre. Global Pea protein is a well-liked ingredient in a variety of goods, including sports nutrition products, meat alternatives, and snacks, because to its nutritional qualities. The demand for plant-based protein products, increased knowledge of Global Pea protein's health advantages, and the popularity of vegan and vegetarian diets are some of the reasons driving the worldwide Global Pea protein market. The market is also being stimulated by the rising demand for food items that are environmentally friendly and sustainable. Overall, it is anticipated that the Global Pea protein market will expand over the upcoming years due to rising consumer demand for plant-based protein products, as well as increased consumer attention to sustainability and health.
Impact of COVID-19 on the Global Pea Protein Market
Both good and negative effects of the COVID-19 pandemic have been felt by the Global Pea protein industry. On the one hand, the pandemic has increased demand for plant-based protein products as people look to strengthen their immune systems and general well-being. As a source of high-quality plant-based protein, this trend has increased consumer demand for Global Pea protein products. The pandemic has also increased consumer awareness of sustainability and environmentally friendly goods, which has increased demand for Global Pea protein as a sustainable protein source. On the other hand, the pandemic has also caused supply chain disruptions, which have had an impact on the manufacturing and distribution of products containing Global Pea protein.
Lockdowns and travel restrictions in a number of nations have led to the closure of manufacturing facilities, a decrease in staff, and logistical difficulties, which have hampered the supply chain. The pandemic has also had an impact on consumers' shopping habits. The pandemic's economic effects have placed financial burden on many customers, which has caused them to turn to less expensive protein sources like animal-based proteins. Due to this, demand for high-end plant-based protein products like Global Pea protein has decreased. The COVID-19 pandemic has generally had conflicting consequences on the Global Pea protein market, with some good effects related to an increase in demand for plant-based and sustainable protein products and some negative ones due to supply chain interruptions and changing consumer behaviour. The market for Global Pea protein is anticipated to expand over the long term, nevertheless, as consumers look for more sustainable and plant-based protein options.
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Form, By Source, By Application
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Axiom Foods, Inc, Burcon Nutrascience, Coscura Groupe Warcoing SA, DuPont, Emsland Group, Fenchem Inc., Ingredeion Inc., Martin & Pleasance, Nutri-Global Pea Ltd, Puris Foods, Rouquette Freres, Shandong Jianyuan Group, Sotexpro SA, The Green Labs LLC, The Scoular Company.
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Global Pea Protein Market Segmentation:
1. By Type:
- Concentrates
- Isolates
- Textured
2. By Form:
3. By Source:
- Chick Peas
- Lentils
- Split Yellow Global Peas
4. By Application:
- Bakery Products
- Beverages
- Confectionary
- Functional Foods
- Meat Substitutes
- Performance Nutrition
- Snacks
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Pea Protein Market (FY’2019-FY’2032)
- Overview of Global Pea Protein Market
- Segmentation of Global Pea Protein Market By Type (Concentrates, Isolates, Textured)
- Segmentation of Global Pea Protein Market By Form (Dry, Wet)
- Segmentation of Global Pea Protein Market By Source (Chick Peas, Lentils, Split Yellow Global Peas)
- Segmentation of Global Pea Protein Market By Application (Bakery Products, Beverages, Confectionary, Functional Foods, Meat Substitutes, Performance Nutrition, Snacks)
- Statistical Snap of Global Pea Protein Market
- Growth Analysis of Global Pea Protein Market
- Problems and Challenges in Global Pea Protein Market
- Competitive Landscape in the Global Pea Protein Market
- Impact of COVID-19 and Demonetization on Global Pea Protein Market
- Details on Recent Investment in Global Pea Protein Market
- Competitive Analysis of Global Pea Protein Market
- Major Players in the Global Pea Protein Market
- SWOT Analysis of Global Pea Protein Market
- Global Pea Protein Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Pea Protein Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Pea Protein Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Pea Protein Market
7. Global Pea Protein Market, By Type, 2019-2032 (USD Million)
7.1 Concentrates
7.2 Isolates
7.3 Textured
8. Global Pea Protein Market, By Form, 2019-2032 (USD Million)
8.1 Dry
8.2 Wet
9. Global Pea Protein Market, By Source, 2019-2032 (USD Million)
9.1 Chick Peas
9.2 Lentils
9.3 Split Yellow Global Peas
10. Global Pea Protein Market, By Application, 2019-2032 (USD Million)
10.1 Bakery Products
10.2 Beverages
10.3 Confectionary
10.4 Functional Foods
10.5 Meat Substitutes
10.6 Performance Nutrition
10.7 Snacks
11. Global Pea Protein Market, By Region, 2019-2032 (USD Million)
11.1. Global Pea Protein Market Size and Market Share by Region (2019-2025)
11.2. Global Pea Protein Market Size and Market Share by Region (2026-2032)
11.3. Asia-Pacific
11.1.3 Australia
11.2.3 China
11.3.3 India
11.4.3 Japan
11.5.3 South Korea
11.6.3 Rest of Asia-Pacific
11.4. Europe
11.1.4 France
11.2.4 Germany
11.3.4 Italy
11.4.4 Spain
11.5.4 United Kingdom
11.6.4 Rest of Europe
11.5. Middle East and Africa
11.1.5 Kingdom of Saudi Arabia
11.2.5 United Arab Emirates
11.3.5 Rest of Middle East & Africa
11.6. North America
11.1.6 Canada
11.2.6 Mexico
11.3.6 United States
11.7. Latin America
11.1.7 Argentina
11.2.7 Brazil
11.3.7 Rest of Latin America
12. Company Profiles
12.1. Axiom Foods, Inc
12.1.1 Company details
12.2.1 Financial outlook
12.3.1 Product summary
12.4.1 Recent developments
12.2. Burcon Nutrascience
12.1.2 Company details
12.2.2 Financial outlook
12.3.2 Product summary
12.4.2 Recent developments
12.3. Coscura Groupe Warcoing SA
12.1.3 Company details
12.2.3 Financial outlook
12.3.3 Product summary
12.4.3 Recent developments
12.4. DuPont
12.1.4 Company details
12.2.4 Financial outlook
12.3.4 Product summary
12.4.4 Recent developments
12.5. Emsland Group
12.1.5 Company details
12.2.5 Financial outlook
12.3.5 Product summary
12.4.5 Recent developments
12.6. Fenchem Inc.
12.1.6 Company details
12.2.6 Financial outlook
12.3.6 Product summary
12.4.6 Recent developments
12.7. Ingredeion Inc.
12.1.7 Company details
12.2.7 Financial outlook
12.3.7 Product summary
12.4.7 Recent developments
12.8. Martin & Pleasance
12.1.8 Company details
12.2.8 Financial outlook
12.3.8 Product summary
12.4.8 Recent developments
12.9. Nutri-Global Pea Ltd
12.1.9 Company details
12.2.9 Financial outlook
12.3.9 Product summary
12.4.9 Recent developments
12.10. Puris Foods
12.1.10 Company details
12.2.10 Financial outlook
12.3.10 Product summary
12.4.10 Recent developments
12.11. Rouquette Freres
12.1.11 Company details
12.2.11 Financial outlook
12.3.11 Product summary
12.4.11 Recent developments
12.12. Shandong Jianyuan Group
12.1.12 Company details
12.2.12 Financial outlook
12.3.12 Product summary
12.4.12 Recent developments
12.13. Sotexpro SA
12.1.13 Company details
12.2.13 Financial outlook
12.3.13 Product summary
12.4.13 Recent developments
12.14. The Green Labs LLC
12.1.14 Company details
12.2.14 Financial outlook
12.3.14 Product summary
12.4.14 Recent developments
12.15. The Scoular Company
12.1.15 Company details
12.2.15 Financial outlook
12.3.15 Product summary
12.4.15 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
