Global Pea Protein Market

Pea Protein Market: Overview

According to Custom Market Insights (CMI), The Global Pea Protein Market  the market was estimated at around USD 2.3 billion in 2021 and is projected to witness a CAGR of 13% during 2022-2030, to reach around USD 6.8 billion by 2030.

The report examines the Pea Protein market’s drivers and restraints, as well as their impact analysis. Also, the report mentions global opportunities prevailing in the Pea Protein market.

Pea Protein is regarded as a premium plant-based protein that is typically extracted from yellow peas. It improves the nutritional value of foods and supplements that are protein-fortified. It helps with blood circulation and in lowering high cholesterol. It aids in increasing metabolism and physical strength.

Due to its high protein content, accessibility, and affordability, Pea Protein is currently a preferable substitute for traditional proteins, such as animal, wheat, and soy protein. Since it contains amino acids, vitamins, and minerals, it is one of the best sources of protein for vegans and vegetarians.

People seeking gluten-free products, as well as those with lactose intolerance or any other form of metabolic problem, are becoming more and more interested in Pea Protein. The growth of the global Pea Protein market is anticipated to be fueled by all these benefits of Pea Proteins.

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Pea Protein Market: Growth Drivers

The Pea Protein market is witnessing growth owing to rising consumer awareness regarding the benefits of eating a balanced diet and increased health consciousness. The market growth is anticipated to be positively influenced by the growing emphasis on a flexitarian diet due to growing knowledge of the negative effects red meat consumption has on the heart.

The surging concerns related to the harmful effects of food items containing gluten and lactose are further projected to push the market growth during the forecast period. Additionally, a rise in the number of flexitarians and vegans will probably benefit the expansion of the Pea Protein market. Due to the growing need for protein supplementation in food items among consumers, numerous food & beverage firms worldwide are introducing new Pea Protein-based products.

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Pea Protein Market: Regional Analysis

Over the course of the study, Asia Pacific is predicted to see a profitable growth rate. The main element for this growth is the rise in the consumption of functional foods in significant emerging nations, including South Korea, China, and India. Additionally, it is anticipated that the booming food and supplement industries will accelerate market expansion in the Asia Pacific region.

Pea Protein Market: Recent Developments

• July 2022: Equinom and Peterson Farms Seed collaborated to grow the next-generation yellow pea for products with ultra-high protein levels.

Key Players:

• Sotexpro SA
• Roquette Freres, Warcoing SA
• Puris Protein LLC
• Ingredion Inc.
• Axiom Foods Inc.
• The Scoular Company
• Cosucra Groupe, Nutri-Pea Limited
• Cargill Inc.
• Kerry Inc.
• Growing Naturals LLC
• Avebe
• A\&B Ingredients
• Glanbia plc

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The global Pea Protein market is segmented as follows:

By Product Type

• Isolates
• Concentrate
• Textured

By Application

• Dietary Supplements
• Beverages
• Meat Substitutes
• Baked Goods
• Others

By Form

• Dry
• Liquid

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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