What Is the Size of Global Pea Protein Industry?
Global Pea Protein market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Pea Protein Market is largely driven by rise in the number of vegans, the popularity of plant-based & gluten-free goods, and the nutritional advantages of products made from peas.
The market for pea proteins is predicted to increase as a result of consumers' increased focus on their health and the replacement of traditional meat products like sausages and patties with plant-based alternatives. The market for plant-based proteins is anticipated to develop over the course of the estimated period as the number of vegan and flexitarian consumers rises.
ue to growing consumer awareness of their health, consumption of a diet high in protein content has increased dramatically. Furthermore, due to hectic lifestyles, consumers are forced to look for nutrients in packaged food products because they are unable to regularly consume a nutritionally adequate diet. As a result, producers of packaged foods are adding protein and other nutrient-rich components to food products. The primary causes influencing the adoption of a protein-rich diet are the rising prevalence of chronic illnesses brought on by altered lifestyles.
Pea protein market was impacted by the COVID-19 pandemic outbreak. However, as the market for online food and grocery purchases grew in the middle of the 2020s, these sales quickly rebounded.
Global Pea Protein Market by Type
The Global Pea Protein Market is segmented By Type into isolates, concentrates, textured.
The isolates segment held the largest market share in 2021, due to rising knowledge of the advantages of pea protein isolates and their high protein content.
Isolates are frequently utilized as nutritional supplements in meat products, energy drinks, fruit mixes, and bakery goods because of their excellent emulsification and non-allergic properties.
The high protein content, high emulsification, and stability features of isolates, and expanding application areas such as high-performance nutrition products and snack products are primarily responsible for the growth of the market.
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Global Pea Protein Market by Nature
The Global Pea Protein Market is segmented by Nature into Organic Conventional
Organic segment held the largest market share in 2021, due to growing interest in organic products as a result of the popularity of clean-label products and the expansion of certified organic pea farm production.
Organic pea protein concentrate is made by isolating the protein fraction from the carbohydrate and fiber components of organic pea seeds. Concentrates made from organic pea protein are less processed than isolates.
The need for natural products with fewer chemicals and additives is increasing the trend toward clean-label products, which is fuelling the expansion of the global organic pea protein market.
Global Pea Protein Market by Geography
The Global Pea Protein Market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
North America accounted for the largest market share in 2021 of the global pea protein market, the main factors driving the global market are the rising vegan population, the rising demand for health & wellness products, and the rising consumption of processed meat products.
Furthermore, it is anticipated that the availability of grains as sources of protein will decline due to growing grain consumption for bio-based compounds like canola and soy. As a result, pea protein is anticipated to become essential.
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Global Pea Protein Market by Form
The Global Pea Protein market is segmented by Form into Wet Dry.
Dry segment held the largest market share in 2021, primarily due to the low capital requirements, reduced energy and water usage compared to wet, and the significant demand for dry protein components from the food and beverage industry.
During dry processing, whole or dehulled peas are dried, ground, and milled. Protein and starch fractions are then separated depending on mass and various particle sizes using a spiral stream of air. Protein content in products created through dry processing ranges from 50 to 60 weight percent.
By Type
Isolates
Concentrates
Textured
By Nature
Organic
Conventional
By Source
Yellow Spit Pea
Chickpea
Lentils
By Form
Wet
Dry
By Application
Meat Substitutes
Functional Foods
Bakery Products
Beverage
Dietary Supplements
Others
By Geography
North America (USA, Canada, Mexico)
Europe (Germany, UK, Italy, France, Spain, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific)
LAMEA (Latin America, Middle East, Africa)
Key Companies
Roquette
Dupont
Glanbia Nutritionals
Ingredion
Scoular
Burcon
Shandong
Axiom
Cosucra
Sotexpro
For more insights on the market intelligence, refer to below link: –
Global Pea Protein Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research
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