Pea Protein Market Report

Pea protein is an ingredient made by extracting protein from yellow peas. It is generally used to surge the protein content of smoothies and shakes and is a suitable for almost any diet as it is naturally vegan and it is relatively unlikely to cause an allergic reaction. Pea protein is a standard quality protein and a significant source of iron. It can help muscle growth, weight loss and heart health. Pea protein is similar in calorie and protein levels to whey protein. However, it is not a complete protein like whey is, meaning it doesn’t contain all of the essential muscle-building amino acids your body needs.

Global Pea Protein Market- Driving Factors

• Increasing consumption of grains, increasing concerns regarding cardiovascular diseases, rising awareness among consumers regarding healthy and nutritious diet are the major factors which drive the market
• Also, rising vegan population, changing lifestyle of the consumers, rising importance of organic farming are some other factors which are expected to boost the growth of this industry
• Rising concerns regarding dairy and meat allergies are also expected to fuel the demand for protein fortified food products in near future

Global Pea Protein Market- Restrains

• Low consumer awareness of pea proteins is a major barrier for the growth of the global pea protein market
• High cost of pea proteins along with the growing demand for other plant proteins is also restraining the market

Pea Protein Market- Segmental Overview

The study analyses Global Pea Protein market based on type, application, form and geography. 

• Various type of Pea Protein includes pea protein isolates, pea protein concentrates and textured pea proteins. Because of high content of amino acids, high solubility, favourable water binding characteristics and good emulsification, Pea Protein Isolates are used in the formulation of meat substitutes 
• Pea Protein can be found in dry as well as wet form. Dry segment is expected to dominate this industry during the forecast period, considering its significant use in the processing of nutritional health supplements, meat, and bakery products. 
• The market finds application in Snacks & Bakery Products, Meat extenders & Analogs, Nutritional Supplements and Beverages. Nutritional supplements is likely to dominated the market over the forecast period.

Global Pea Protein Market-Regional Outlook

The market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America is anticipated to dominate the market during the estimated timeframe. Increasing demand for gluten-free items in the U.S. and rising concerns towards cardiovascular diseases caused due to red meat consumption are important factors which are expected to positively impact market growth over the next eight years. Asia Pacific is projected to grow at a fastest rate during the forecast period. Significant gains in the revenue of functional foods in Japan, China and India is expected to remain a key driving factor. Also, Europe is likely to be the second-largest consumer of the global industry. Rising concerns towards lactose intolerances along with shifting consumer inclination towards plant-based proteins in Europe is expected to have a positive impact on the growth of this industry.

Global Pea Protein Market-Key Players

The major players of the Pea Protein Market are Roquette Frerers, Burcon NutraScience, Cosucra-Groupe Warcoing, Nutri-Pea Ltd., Sotexpro, Axiom Foods, Farbest Brands, Shandong Jianyuan, Yan Tai Shuang Ta Food, The Scoular Co. and among other.