Pea Protein Market by Type (Pea Protein Isolate, Pea Protein Concentrate), Application (Nutrition and Health Supplements; Bakery, Cereals, and Snacks; Meat Products and Alternatives; Beverages), and Geography – Global Forecast to 2025
Pune, India – January 14, 2020 /MarketersMedia/ —
Pea protein has an excellent emulsification property, binding both fat and water for a stable emulsion. This protein demonstrates stability under high stress processes, and don’t lose its functionality when exposed to extreme processing temperatures, pH change, and high pressure. Further, considering its use for gluten-free formulations, pea protein has shown the most acceptable sensory characteristics compared to other alternative proteins.
Meticulous Research® in its latest publication on Pea Protein Market states that global pea protein market is expected to grow at a CAGR of 13.0% from 2019 to reach $444.7 million by 2025; whereas, in terms of volume, this market is expected to grow at a CAGR of 10.2% from 2019 to 2025 to reach 338.6 thousand MT by 2025. The growth of this market is mainly attributed to factors such as pea protein’s functional and nutritional properties, 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 investments by key players, and increasing soy free and gluten free trends.
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To provide efficient analysis, Meticulous Research® has segmented this market on the basis of type (pea protein isolate, pea protein concentrate, and others) and application (nutrition and health supplements; bakery, cereals, and snacks; meat products and alternatives; beverages; and others). The study also evaluates industry competitors and analyzes the market at the regional and country level.
In case of type, pea protein isolate is estimated to hold the largest share of the overall pea protein market in 2019. The large share of this segment is mainly attributed to its high protein content as well as high emulsification and stability properties. Pea protein isolate provides key formulation functionality while helping manufacturers create in-demand, high protein products to meet consumer demand.
In case of application, the global pea protein market is segmented into nutrition and health supplements, bakery, cereals, and snacks, meat products and alternatives, beverages, and others. The nutrition and health supplements application is estimated to hold the largest share of the overall pea protein market in 2019, owing to its functional and nutritional properties. Incorporation of pea protein into health supplements gives benefits to brain health, eye health, heart health, muscle mass, immunity, weight management, and sports performance.
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Scope of the report::
Pea Protein Market, by Type
Pea Protein Isolate
Pea Protein Concentrate
Others
Pea Protein Market, by Application
Nutrition and Health Supplements
Bakery, Cereals, and Snacks
Meat Products and Alternatives
Beverages
Others
Pea Protein Market, by Geography
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Australia
Rest of Asia-Pacific (RoAPAC)
Rest of World
Latin America
Middle East and Africa
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Geographically, North America is estimated to account for the largest share of the overall pea protein market in 2019. The large share of this region is mainly attributed to well-established health supplement industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend. Moreover, growing venture investments and presence of major pea protein manufactures in the region further support the growth of the North American pea protein market.
Key Players::
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market including Roquette Frères Le Romarin (France), AGT Food and Ingredients Inc. (Canada), Cargill, Incorporated, (U.S.), Verdient Foods Inc. (Canada), Anchor Ingredients Co., LLC (U.S.), E.I. Dupont De Nemours and Company (U.S.), Ingredion Inc. (U.S.), Kerry Group (Ireland), NOW Health Group, Inc. (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), and Emsland Starke GmbH (Germany).
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Key questions answered in the report:
Growing nutrition and health supplements and bakery, cereal, and snacks industry to drive the adoption of pea protein
1. How does the adoption of pea protein in nutrition and health supplements industry differ from the adoption in bakery, cereals, and snacks industry?
2. What impact does this have on the adoption of pea protein in comparison to other application segments?
The North America pea protein market favors both larger and local manufacturers that compete in multiple segments
1. Who are the top competitors in this market and what strategies do they employ to gain shares?
2. What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
3. What strategies should new companies looking to enter this market use to compete effectively?
4. What are the major drivers, restrains, and opportunities in the global pea protein market?
5. Who are the major players in various countries and what share of the market do they hold?
6. What are the geographical trends and high growth regions/ countries?
Recent new product launches; partnerships, collaboration, & agreement; mergers & acquisitions; and expansions have taken place in the global pea protein market
1. What companies have recently merged/acquired and how will these unions affect the competitive landscape of the pea protein market?
2. Which companies have created partnerships and how will these partnerships promote a competitive advantage?
3. Who are the major players in the global pea protein market and what share of the market do they hold?
4. Who are the local emerging players in the global pea protein market and how do they compete with the global players?
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