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Pea Protein Market Worth 359.4 Million USD By 2022
The Pea protein market is driven by the increasing awareness about the benefits of
protein and growing demand for protein-rich diet, growing health & wellness trend,
increasing consumers’ focus on meat alternatives, growing demand from food &
beverage industry, various advancements in ingredient technologies such as
microencapsulation, and increasing soy free and gluten free trend. In addition,
increasing inclination towards a vegan diet and emerging economies such as Southeast
Asia, Latin America, and Middle East & Africa provides significant opportunities for
the growth of this market. However, significant preference for animal-based protein
and consumer preference to other plant proteins over pea protein restrict the growth
of the market to some extent.
The global pea protein market is mainly segmented by product type (pea protein
isolate, pea protein concentrate, and others), by application (nutrition & health
supplements, bakery, cereals & snacks, meat products & alternatives, beverages, and
others), and by geography (North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa).
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Table of Contents:
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Introduction
Research Methodology
Executive Summary
Market Insights
Global Pea Protein Market, by Type
Global Pea Protein Market, by Application
Pea Protein Market, by Geography
Company Profiles
Appendix
On the basis of product type, pea protein isolate commanded the largest share in the
global pea protein market in 2016. The large adoption of this product segment is
mainly attributed to its high protein content as well as high emulsification and stability
properties as compared to other types.
On the basis of application, nutrition and health supplements segment accounted for
the largest share in 2016, owing to the increased applications of pea protein in this
segment due to its high digestibility and increased awareness about benefits of pea
protein to brain health, eye health, heart health, muscle mass, growth issues, enhanced
immunity, weight management, beauty from within, and sports performance.
Geographically, North America accounted for the major share in the global pea protein
market in 2016, followed by Europe and Asia-Pacific. The largest share of this region
is mainly attributed to the growing health & wellness trend, growing health
supplement industry, increasing investments in pea protein space by major players,
rising concerns over animal products and protein, increasing vegan population, and
growing preference to meat alternatives.
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Scope of the Report:
Market by Product type
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Pea Protein Isolate
Pea Protein Concentrate
Others
Market by Application
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Nutrition & Health Supplements
Bakery, Cereals, & Snacks
Meat Products & Alternatives
Beverages
Others
Market by Geography
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North America
o U.S.
o Canada
Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
Australia
Rest of Asia-Pacific
Rest of World
o Latin America
o Middle East and Africa
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The key players in the global pea protein market are Roquette Freres Le Romarin
(France), Ingredion Inc. (U.S.), Kerry Group (Ireland), NOW Foods/NOW Health
Group, Inc. (U.S.), Axiom Foods Inc. (U.S.), Burcon Nutrascience Corporation
(Canada), Glanbia plc. (Ireland), Cosucra Groupe Warcoing SA (Belgium),
SOTEXPRO SA (France), Farbest Brands/Farbest-Tallman Foods Corporation (U.S.),
and Emsland-Stärke GmbH (Part of Emsland Group).
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