Pea Protein market Foreseen to Draw a Promising Growth to Generate Massive Revenue during 2020-2027

Pea protein is a plant-based protein that is derived from yellow and green peas. They are widely used in protein supplements and various food applications. Pea protein is a rich source of essential amino acids that are required for the healthy functioning of the body. Consumption of pea protein enhances the blood circulation and calcium absorption in the body. Moreover, it also stimulates the healthy growth of the muscles.

The global pea protein market is projected to reach around US$ 117.0 million by the end of 2027, in terms of revenue, growing at CAGR of 12.2% during the forecast period (2020-2027).

Top Key Players in Pea Protein  market: Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co.

Scope of the Report:

The research report concentrates on the Global Pea Protein  Market in the regional market such as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Furthermore, the report segments the market according to market type, product type, end-users, vertical sectors, product prices, new product launches, innovation, and product differentiation.

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Pea Protein market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

Growing demand for gluten-free products along side the rising popularity of plant-based protein is primarily fueling the market growth of the pea protein. Rising demand for pea protein from dietary supplements and functional food and beverages is additionally expected to reinforce the market growth of the pea protein. Rising health awareness among consumers is propelling the demand for dietary supplements. of these factors are predominantly accelerating the market growth of pea protein.

Shifting consumer’s preferences for plant-based beverage formulations is expected to serve major growth opportunities to the market of pea protein. For instance, in October 2018, DuPont launched pea protein for beverages. A new pea protein ingredient called TRUPRO 2000 is designed specifically for beverage applications. TRUPRO 2000 delivers superior flavor and mouth feel performance in beverage powders. Hence, the growing demand for plant-based beverage formulations is expected to accelerate the market growth.

Growing demand for high protein formulations among health-conscious consumers is projected to offer lucrative opportunities to the the market of pea protein. The rising number of people visiting the gym and diet center that recommend people to consume a rich source of protein food products, energy drinks, and other healthy food products is further expected to augment the market growth. Thus, rising demand for high protein formulations is projected to foster the market growth of pea protein.

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