Pea Protein Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis | MarkNtel
4 min readMarkNtel Advisors recently published a detailed industry analysis of the Pea Protein Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Pea Protein Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
What are the Key Trend of the Pea Protein industry?
Growing Inclination Toward Healthy Lifestyle – With an escalating number of health problems caused due to improper diets & nutrition, the world is witnessing an increasing shift of the population toward a healthy lifestyle, adopting nutritious dietary habits, etc. Growing awareness about health problems like heart issues, obesity, etc., raising due to excessive meat consumption is encouraging people to consume plant-based food with high nutrition. This, in turn, is augmenting the demand for supplements with pea protein and driving the market through 2030. This trend is swiftly emerging across countries like Germany, the UK, France, Australia, the US, & Canada.
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What segments define the Pea Protein market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- 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
According to report, Of them all, the demand for Meat Substitutes is anticipated to demonstrate the fastest growth in the Global Pea Protein Market during the forecast period.
- 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
According to report, Here, Isolates are projected to maintain their market dominance with the largest share over the forecast years.
Explore the Complete Pea Protein Market Analysis Report – https://www.marknteladvisors.com/research-library/global-pea-protein-market.html
Geographical Analysis: Pea Protein Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Pea Protein Market Share & Competitive Landscape:
The Pea Protein Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Pea Protein Market 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
Pea Protein Industry Recent Development:
- In February 2018, DuPont inaugurated a new development facility, the Bay Area Innovation Center (BAIC), for agricultural biotechnology discovery. The leader declared the expansion of its plant-based protein product and introduced six new plant protein nuggets in its product portfolio under the name TRUPRO 2000 Pea Protein.
- In 2017, Axiom Foods Inc. introduced a new product called Vegotein MA in Las Vegas. This product is a non-GMO pea protein analog and a replacement for meat.
Questions Addressed in this Study
- What factors are driving the Pea Protein Market growth?
- How is the Pea Protein Market expected to grow over the next five years?
- What are the key insights into the current trends in the Pea Protein Market?
- What is the current size of the Pea Protein Market, and how is it projected to change in the future?
6.What is the future outlook for the Pea Protein Market in terms of technological advancements and market expansion?
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