The Global Pea Protein Market: Analysis and Forecast

Pea Protein Market

Global Pea Protein Market Insights:

The Global Pea Protein Market is projected to grow at around 8% CAGR during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven primarily by the mounting food requirements of the exponentially rising population globally, increasing consumer preference toward nutrient-rich food like pea protein for an active lifestyle, and an escalating number of vegan population inclining purely on plant-based food products.

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Global Pea Protein Market Definition:

Pea Protein is extracted from yellow peas and used as an alternative to dairy & meat. These proteins are consumed as a substitute for whey protein in various forms like energy drinks, dietary supplements, & protein shakes, among others. Pea protein has different types like isolates, textured, concentrates, etc., in dry or liquid form. These proteins are also used globally as performance nutrition, meat substitutes, functional foods, snacks, bakery products, beverages, & confectionery, among others.

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Possible Restraint: Abundant Availability of Pea Protein Alternatives

The various benefits of pea protein are contributing to their accelerating demand across different regions worldwide. However, the extensive presence of other alternative sources for protein like soy, hemp, rice, pumpkin, chia, sunflower, etc., might act as significant growth restraints for the Global Pea Protein Market during 2023-28. Additionally, the cost of organic products is relatively higher than conventional products, which adds up to another aspect that might reduce the demand for pea proteins among cost-sensitive consumers and hinder the market expansion in the years to come.

Global Pea Protein Market Segmentation:

1. By Type

  • Isolates- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Textured- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Concentrates- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Others (Hydrolyzed, Fermented, etc.) – Market Size & Forecast 2018-2028F, USD Million, Thousand Tons

2. By Form

  • Dry- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Wet- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons

3. By Nature

  • Organic- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Conventional- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons

4. By Source

  • Chickpeas- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Yellow Split Peas- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Lentils- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons

5. By Application

  • Performance Nutrition- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Meat Substitutes- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Functional Foods- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Snacks- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Bakery Products- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Beverages- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons
  • Confectionery- Market Size & Forecast 2018-2028F, USD Million, Thousand Tons

Global Pea Protein Market Geographically Analysis:

6. By Region

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

Global Pea Protein Leading Companies:

  • 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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