Showing posts with label Global Pea Protein Industry. Show all posts
Showing posts with label Global Pea Protein Industry. Show all posts

Monday, February 6, 2023

Global Pea Protein Market is growing at a CAGR of ~12% during the Forecast Period 2022-2028: Ken Research

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Global Pea Protein Market by Application

The Global Pea Protein market is segmented by Application into meat substitutes, functional foods, bakery products, beverage, dietary supplements,

Others.

The meat substitutes segment held the largest market share in 2021, due to an increase in demand for plant-based food products will raise demand for meat alternatives.

The product has been utilized more frequently in recent years to create meat substitutes including burger patties and minced beef due to inexpensive processing costs and practical storage options. These factors are driving the demand for the product in the meat substitute application.

Gloabl 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.

The presence of significant meat producers like JBF, Tyson, National Foods, and Cargill in the United States is also anticipated to increase demand for pea protein as a texturizing agent in meat production. 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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Competition Scenario in Global Pea Protein Market

The Global Pea Protein Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in the protein market.

Large global players control about ~15% of the market, some of the major players in the market include Roquette, Dupont, Glanbia Nutritionals, Ingredion, Scoular, Burcon, Shandong, Axiom, Cosucra, Sotexpro.

Corporation, Silicon Laboratories, Texas Instruments Incorporated among others.

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What Is the Expected Future Outlook for The Overall Global Pea Protein Market Across the Globe?

The Global Pea Protein market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Pea Protein market is driven by growing awareness among masses for their health, consumption of a diet high in protein content, replacement of traditional meat products like sausages and patties with plant-based alternatives, food replacement or dietary supplement to boost a person's consumption of protein or other nutrients

      In September 2021, Roquette Fréres established a brand-new center of competence. By       concentrating just on plant protein, this center will broaden the range of opportunities in terms of food innovation, the discovery of novel proteins, and new manufacturing techniques.

       In September 2020, Roquette Fréres planned to build the biggest pea protein plant in the world in Portage la Prairie, Manitoba, Canada, which is a suburb of Winnipeg. The development of this new facility seeks to satisfy the rising demand for pea protein on a global scale.

The Global Pea Protein Market is forecasted to continue the exponential growth that is witnessed since 2019, due to expanding consumer awareness about the importance of eating a healthy diet and maintaining an active lifestyle. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

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

Wednesday, October 19, 2022

3 Key Insights on Competitive Landscape in Global Pea Protein Market: Ken Research

                                                                                                                                                 Buy Now

Country Niche Players Dominate the Market Holding ~40% of Revenue Share Despite the Presence of ~200 Competitors including a Significant Number of Regional Players and Global Players, finds a recent market study on Global Pea Protein Market by Ken Research

Pea protein is a dietary product and protein supplement developed and extracted from yellow split peas, chickpeas, and lentils. It can be used as a food replacement or dietary supplement to boost a person's consumption of protein or other nutrients. Pea proteins are perfect for people choosing vegan diets because they are made from plant-based sources. Additionally, they have a wide range of applications in beverages, meat alternatives, dietary supplements, and bakery goods and are non-toxic, non-allergic, and easily digestible.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study

  1. Global Players Who Comprise 15% in Terms of the Number of Competitors Hold ~35% Market Revenue Share

Competitive Analysis by The Ken Research Study found that the Global Pea Protein Market is highly competitive with ~200 players which include globally diversified players, country-niche players as well as a large number of regional players having their own niche in pea protein development and execution. The country-niche players comprise just about ~50% in terms of the number of companies and control the largest share of market revenue, followed by regional players accounting for ~35% in terms of the number of companies.

2. Leading Country-Niche Players Provide Pea Protein Solutions To A Variety Of Industries

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players Axiom, Cosucra, and Burcon are highly focused on providing a significant number of Pea Protein products that can be used across Meat Substitutes, Dietary Supplement, and Beverages. Furthermore, several companies and organizations are heavily investing in R&D to provide users with Protein products.

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Global Pea Protein Market Size

3. The Growing Need for Pea Protein Has Led to Major Industry-Wide Developments, Acquisitions, Partnerships, and Expansion.

  • The federal government of Canada, in January 2020, invested US$9.5 million in a new Protein Industries Canada supercluster project to commercialize highly soluble, highly functional pea and canola protein isolates.
  • In September 2021, Roquette Fréres established a brand-new center of expertise in France. By concentrating just on plant protein, this center will broaden the range of opportunities in terms of food innovation, the discovery of novel proteins, and new manufacturing techniques.
  • In April 2022, Cargill, American Food Corporation, is growing RadiPure pea protein throughout the Middle East, Turkey, Africa (META), and India as more people seek out plant-based meals. This approach will allow local food and beverage producers to respond to shifting market trends.

For more information on the research report, refer to the below link:

Global Pea Protein Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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