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.

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

Global Pea Protein Market Outlook, and Revenue Forecast: Ken Research

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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

Global Pea Protein Market Is Expected To Reach A Market Size Of US$ 1,100 Million By 2028: 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.

According to Ken Research Analysis, the Global Pea Protein Market was valued at US$ 350 million in 2017. it is estimated to be US$ 575 million in 2022 and is expected to reach a market size of US$ 1,100 million by 2028 growing at a CAGR of ~12% during the forecast period (2022-2028). The growth can be attributed to the rise in the number of vegans, the popularity of plant-based & gluten-free goods, and the nutritional advantages of products made from peas.

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• 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.
• Due 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.
• Supply shortage is the main issue that pea protein producers must deal with. Agriculture is already being impacted by climate change, though the effects are unevenly spread worldwide. The yields of desired crops eventually decline as temperatures rise. Pulses, which are among the most affordable sources of protein, have seen a slight increase in price in the past few years.
• Pea protein market was impacted by the COVID-19 pandemic outbreak. The implementation of lockdowns in international markets in 2020 initially had a big impact on the sales of several large stores in the food and beverage sectors. Sales declined over a short period. However, as the market for online food and grocery purchases grew in the middle of the 2020s, these sales quickly rebounded. The population continued to be under lockdown, which led to a stronger focus on healthy eating. Additionally, governments around the world worked to maintain food security in their nations and regions, which kept the food sector industries afloat.

Key Trends by Market Segment

By Type: 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.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDM5

By Nature: 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. Typically, they range from 70% to 85% protein. Both dry and wet milling techniques are used to remove them from organic peas.
• 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.

By Source: Yellow split peas segment held the largest market share in 2021, as they are the sources of peas mostly preferred by product manufacturers.

• Yellow split peas are perfect for producing pea protein isolates due to their high protein content. Comparing them to alternatives made from dairy and meat, they are valued for their amino acid composition, which led to their classification as "whole proteins."
• 100 grams of yellow split peas provide 370 calories, 1 gram of fat, 67 grams of carbs (27 grams of fiber and 3 grams of sugar), 27 grams of protein, and 25% of the recommended daily allowance of iron.

By Form: 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 Application:  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. More people should employ isolates as a viable food for those who don't consume animal-based protein as consumer concerns about meat allergies grow. These factors are driving the demand for the product in the meat substitute application.

By Geography: 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.

• Growing demand for gluten-free products, rising concerns about cardiovascular diseases (CVDs) caused by red meat intake, and robust expansion in the sports nutrition industry in North America are likely to boost the regional market over the forecast years.
• 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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Competitive Landscape

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.

Recent Developments Related to Major Players

• 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.

Conclusion

The Global Pea Protein Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 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.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Market Taxonomy

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

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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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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