Quick Overview of the Global Pea Protein Market Analysis

The Global Pea Protein Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Pea Protein Industry (2024-30): Reveals Further Growth &Market Expansion

According to the most recent study, the Global Pea Protein Market size was valued at around USD 1.4 billion in 2022 and is projected to grow at around 8% CAGR during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.

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Global Pea Protein Market Key Trend:

Growing Inclination Toward Healthy Lifestyle – With an escalating number of health problems caused due to improper diets & nutrition, the world is witnessing an increasing shift of the population toward a healthy lifestyle, adopting nutritious dietary habits, etc. Growing awareness about health problems like heart issues, obesity, etc., raising due to excessive meat consumption is encouraging people to consume plant-based food with high nutrition. This, in turn, is augmenting the demand for supplements with pea protein and driving the market through 2030. This trend is swiftly emerging across countries like Germany, the UK, France, Australia, the US, & Canada.

Pea Protein Market Segmentation Analysis

-By Type

• Isolates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Textured- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Concentrates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Others (Hydrolyzed, Fermented, etc.) – Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Form

• Dry- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Wet- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Nature

• Organic- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Conventional- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Source

• Chickpeas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Yellow Split Peas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Lentils- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Application

• Performance Nutrition- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Meat Substitutes- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Functional Foods- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Snacks- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Bakery Products- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Beverages- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
• Confectionery- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

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Geographical Analysis:

-By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Amongst all regions globally, North America dominated the market with the largest share in recent years, and the same trend is likely to be followed during 2024-30. It owes principally to the mounting consumer inclination toward consuming gluten-free products due to the rising awareness about their benefits like improved energy levels, better weight management, reduced health issues like joint pain, bloating, frequent headaches, and improved bone health.

The sports & fitness sector in North America is expanding swiftly and becoming a prominent consumer of pea protein. It is principally for producing dietary supplements like energy drinks, protein shakes, & other dietary food. As a result, the leading players in the regional market are increasing their production capabilities and working on manufacturing new fitness & energy-based supplements exhibiting pea protein.

Key Players and Competitive Strategies in the Pea Protein Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

• Rouquette Freres
• Ingredion Incorporated
• Puris Protein Llc
• Fenchem Inc.
• Dupont
• Axiom Foods Inc
• Burcon Nutrascience Corp
• Cosucra Groupe Warcoing
• Sotexpro
• Shandong Jianyuan Foods Co., Ltd.
• Yan Tai Shuang Ta Food Co Ltd.
• Et-Chem
• Agt Foods
• The Green Labs Llc
• Nutri-Pea Limited
• Others

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Global Pea Protein Industry Recent Developments

• In February 2018, DuPont inaugurated a new development facility, the Bay Area Innovation Center (BAIC), for agricultural biotechnology discovery. The leader declared the expansion of its plant-based protein product and introduced six new plant protein nuggets in its product portfolio under the name TRUPRO 2000 Pea Protein.
• In 2017, Axiom Foods Inc. introduced a new product called Vegotein MA in Las Vegas. This product is a non-GMO pea protein analog and a replacement for meat.

Key Report Highlights

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography and product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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