Global Pea Protein Market Trend and Development Strategy Analysis 2023-2029

Length- 126 Pages | Published Date - 2023-04-28 | Report Id- 3812
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This report aims to provide a comprehensive presentation of the global market for Pea Protein, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pea Protein.

The Pea Protein market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Pea Protein market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Pea Protein manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

The global Pea Protein market size in 2022 is 258.65 million US dollars, and it is expected to be 568.23 million US dollars by 2029, with a compound annual growth rate of 11.90% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Pea Protein market include Burcon Nutrascience Corporation, Sotexpro, Emsland Group, The Scoular Company, and A&B Ingredients. The share of the top 3 players in the Pea Protein market is XX%.

REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, in which North America accounted for XX%, Europe accounted for XX% of Pea Protein market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:
The report segments the market by Type and Application. Isolates accounted for XX% of Pea Protein market in 2022. Concentrates share of XX%.
Meat Substitutes accounted for XX% of the Pea Protein market in 2022. Bakery Goods accounts for XX%.

Market Trend:
Increasing Demand for Plant-Based Protein: The growing awareness of the environmental impact of animal agriculture and the rising popularity of vegan and vegetarian diets have led to a surge in demand for plant-based protein sources. Pea protein, being a high-quality plant-based protein with a complete amino acid profile, has gained significant traction as a viable alternative to animal-based proteins.

Health and Wellness Trend: Consumers are increasingly prioritizing health and wellness, seeking out protein-rich foods to support muscle growth, weight management, and overall well-being. Pea protein is valued for its nutritional properties, including its high protein content, low allergenicity, and absence of cholesterol and saturated fat. As a result, it has become a sought-after ingredient in various food and beverage products, including protein powders, bars, snacks, and meat substitutes.

Clean Label and Natural Products: The clean label movement, characterized by a preference for simple and natural ingredients, has influenced the food industry. Pea protein aligns well with this trend, as it is derived from yellow peas and is considered a minimally processed, plant-based ingredient. Consumers are increasingly seeking products with clean and transparent labels, driving the demand for pea protein as a natural and sustainable protein source.

Expansion of Product Applications: Initially, pea protein found its main application in the sports nutrition sector. However, its versatility has led to its incorporation into a wide range of food and beverage products. Pea protein is now used in dairy alternatives, bakery products, nutritional supplements, and functional foods. This diversification of applications has expanded the market potential for pea protein and increased its adoption across various consumer segments.

Innovation and Product Development: The pea protein market is characterized by continuous innovation and product development. Manufacturers are investing in research and development to improve the taste, texture, and functional properties of pea protein products. This includes developing new extraction and processing methods to enhance solubility, reduce off-flavors, and improve the overall sensory experience. These advancements contribute to market growth by addressing consumer preferences and expanding the range of product options available.

The Following is the Scope of Analysis Mainly Covered by Our Research on the Global {XX} Market:
Highlights-Regions
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia

Player list
Burcon Nutrascience Corporation
Sotexpro
Emsland Group
The Scoular Company
A&B Ingredients
Roquette Freres
Cargill
Glanbia Plc
Fenchem
Cosucra-Groupe Warcoing

Types list
Isolates
Concentrates
Textured
Hydrolysate

Application list
Meat Substitutes
Bakery Goods
Beverages
Dietary Supplements
Others

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Global Pea Protein Market Trend and Development Strategy Analysis 2023-2029

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