The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Pea Protein Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Pea Protein Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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, geography, 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 to 2030.
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What is Included in Pea Protein Market Segmentation?
The report has segmented the market into the following categories:
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
Here, Isolates are projected to maintain their market dominance with the largest share over the forecast years. It owes principally to the growing customer preference toward consuming nutrition-rich & gluten-free food like pea protein isolates. The rapidly increasing utilization of isolates in various products like energy drinks, bakery items, fruit mixes, etc., with greater emulsification & non-allergic traits, is expected to positively influence the demand for pea protein isolates & drive the global market in the coming years. Besides, isolates are gaining swift traction across the sports & fitness industry for energy drinks, protein supplements, etc., and generating growth opportunities for the leading players in the market to introduce new products.
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
By Region
– North America
– South America
– Europe
– Middle East & Africa
– Asia-Pacific
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Key Factor Driver Pea Protein Industry Growth by 2030
Increasing Cases of Lactose Intolerance – Since Pea Protein is a non-allergen component, it also falls under the category of gluten & lactose-free food products. As a result, an escalating number of people suffering from lactose intolerance are opting for pea protein. It is generating immense growth opportunities for the leading players in the Pea Protein Market to bring new products and expand their product portfolio & scalability.
Who are the Key Players Operating in the Pea Protein Industry?
The top companies of the Pea Protein market ruling the industry are:
- 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
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Pea Protein Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Pea Protein industry?
- Which is the Leading segment in the market?
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