The "Pea Protein Market - Growth, Trends and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Global pea protein market is forecasted to reach USD 49.51 million by 2024 growing at a CAGR of 8.9% during the forecast period (2019 - 2024).
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As the vegan diet is given preference among a large section of developed economies such as the European Union, US, and Canada, the market for pea protein along with other vegetable proteins has been increasing as an alternative source of protein. Among various vegetable protein, the good nutritional profile of pea protein is responsible for its growth in market share.
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Pea protein also has a limited amount of allergen, which makes it an obvious choice for people who are milk/meat intolerant. Increasing Western influence is also increasing the pea protein market in developing nations.
Key Market Trends
Textured Pea Protein Dominates the Pea Protein Market
Textured proteins are excellent sources of protein and fibre. Many public schools in North America are using textured vegetable proteins as a food source in the breakfast and lunch programs. It meets standards of nutrition but is economical as well. Plain textured proteins have zero cholesterol. The potential market application for textured pea protein includes meat alternatives and extenders. The textured pea proteins segment is further divided into dry textured and wet textured protein based on their extraction form. The textured pea protein segment is estimated to be the fastest-growing type due to its application as meat analogues, extenders & substitutes in Hamburger, ground meat, stuffing, sausages, vegetarian products, Bolognese sauces, pizza dressing and nuggets.
North America Dominates the Market
North America is the largest market followed by Europe. Asia-Pacific is an emerging market in the sector due to its increasing health-conscious and western-influenced populations. South American and Asian developing countries present the most attractive markets due to larger younger populations that are employing. Pea protein is used extensively because of its nature that helps in bodybuilding and also acts as excellent dietary supplements. The pea protein market is an integral part of the food & beverage industry. It's driven by the rising demand for processed and healthy food products. It is also an alternative to meat food, which is gaining popularity in the western regions.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Form
5.1.1 Protein Isolate
5.1.2 Protein Concentrate
5.1.3 Textured Protein
5.2 By Application
5.2.1 Bakery
5.2.2 Meat Extender and Substitute
5.2.3 Nutritional Supplement
5.2.4 Beverage
5.2.5 Snacks
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 DuPont
6.4.3 Kerry Inc.
6.4.4 Glanbia plc
6.4.5 The Scoular Company
6.4.6 Avebe
6.4.7 Growing Naturals, LLC
6.4.8 Puris
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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