Pea Protein Market Size, Share, Demand, Key Growth Factors, Revenue Analysis, For 2020–2026 | Reports And Data
Pea Protein Market Size, Share, Demand, Key Growth Factors, Revenue Analysis, For 2020–2026 | Reports And Data
Published by news degree
Posted on August 4, 2021
The global Pea Protein market is expected to reach USD 51.2 Million by 2026, according to a new report by Reports and Data. This can be mainly contributed by the rising adoption of vegan and vegetarian food among the western population, technological advancements in extrusion & processing, changing consumer lifestyles and rising health concerns, growing health awareness and increasing demand of gluten free products, growing inclination towards preventive healthcare among developing economies and growing applications in the sports nutrition industry
Pea proteins are extracted from the yellow pea, Pisum sativum. Peas have a high amount of amino acid profile, minerals vitamins, starches and fibers. They are considered as a good substitute for soybean as a functional additive in food products intended for human consumption. Pea protein concentrate (PPC) and pea protein isolate (PPI) have the biggest potential as food ingredient. They are used in food such as soups, puddings, snacks, and stews or as sprouted. They are also used in animal feed, where they are mixed with cereals or canola oil in order to improve the amino acid profile. They are majorly used as a weight loss supplement. They have the ability to lower the ghrelin levels, the hormone is responsible for stimulating feelings of hunger. Along with weight loss, the product also works to kidney functioning and heart health. These benefits are responsible for the increasing popularity of these products.
Lower consumer awareness in the developing countries is the major restraining factor. Moreover, a common perception, that animal products contain superior forms of protein than their plant-based counterparts, is another factor that may hinder the growth.
Key participants include Nutri-Pea Limited, Cosucra Groupe Warcoing, Roquette Frères, Sotexpro, Fenchem Biotek Ltd, Glanbia Plc, Yantai Shuangta Food Co, Prinova Group LLC, Burcon Nutrascience, AGT Food & Ingredients, Inc., Yantai T Full Biotech Co. Ltd., World Food Processing LLC., Suzhou Wanshen Flour Products Co, Yantai Shuangta Food Co, Shandong Huatai Food, Shandong Jindu Talin Foods Co, Shandong Jianyuan Foods Co Yantai Oriental Protein Tech Co, and Axiom Foods Inc. among others.
Further key findings from the report suggest
The market is segmented on the basis of type into isolates, concentrates and textured. Isolates are expected to witness the highest growth, with a CAGR of 7.6% during the forecast period, since they are used as the substitutes of meat.
The study is segmented on the basis of form into powder (dry) and paste (wet). The former segment accounted for the largest market share in 2018 and is expected to dominate the segment throughout the forecast period with a CAGR of 7.2%, majorly due to its significant use in its consumption as nutritional health supplements, meat, and bakery products.
PPI can easily be added to shakes, smoothies, or protein-rich recipes, and can also be added into supplements and bars as well.
The study is segmented on the basis of applications into beverage, bakery products and snacks, confectionery, meat applications and nutritional supplements. Nutritional supplements segment dominates the sector in 2018, with a CAGR of 6.9% during the forecast period.
The study is segmented on the basis of distribution channels into supermarkets, health stores, online stores and others. Supermarkets played a prominent role in distributing the product in 2018, with a CAGR of 6.1% during the forecast period. Several retailers have tied up with manufacturers for the distribution of these products.
The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA. North America dominated the global market in 2018 with 40% share, attributed to the booming sports nutrition industry.
The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
For the purpose of this report, Reports and Data has segmented global Market on the basis of type, form, distribution channels, application, and region:
Type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Isolates
Concentrates
Textured
Form Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Powder (Dry)
Paste (Wet)
Distribution Channels Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Supermarkets
Health Stores
Online Stores
Others
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Beverages
Bakery products & snacks
Confectionery
Meat applications
Nutritional supplements
Others
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Latin America
Brazil
MEA
Key insights presented in the report:
Market revenue shares by major business players, by type, application, and market scope of global Pea Protein market
Sales revenue by key players and new entrants
Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities.
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
The global Pea Protein market is expected to reach USD 51.2 Million by 2026, according to a new report by Reports and Data. This can be mainly contributed by the rising adoption of vegan and vegetarian food among the western population, technological advancements in extrusion & processing, changing consumer lifestyles and rising health concerns, growing health awareness and increasing demand of gluten free products, growing inclination towards preventive healthcare among developing economies and growing applications in the sports nutrition industry
Pea proteins are extracted from the yellow pea, Pisum sativum. Peas have a high amount of amino acid profile, minerals vitamins, starches and fibers. They are considered as a good substitute for soybean as a functional additive in food products intended for human consumption. Pea protein concentrate (PPC) and pea protein isolate (PPI) have the biggest potential as food ingredient. They are used in food such as soups, puddings, snacks, and stews or as sprouted. They are also used in animal feed, where they are mixed with cereals or canola oil in order to improve the amino acid profile. They are majorly used as a weight loss supplement. They have the ability to lower the ghrelin levels, the hormone is responsible for stimulating feelings of hunger. Along with weight loss, the product also works to kidney functioning and heart health. These benefits are responsible for the increasing popularity of these products.
Lower consumer awareness in the developing countries is the major restraining factor. Moreover, a common perception, that animal products contain superior forms of protein than their plant-based counterparts, is another factor that may hinder the growth.
Key participants include Nutri-Pea Limited, Cosucra Groupe Warcoing, Roquette Frères, Sotexpro, Fenchem Biotek Ltd, Glanbia Plc, Yantai Shuangta Food Co, Prinova Group LLC, Burcon Nutrascience, AGT Food & Ingredients, Inc., Yantai T Full Biotech Co. Ltd., World Food Processing LLC., Suzhou Wanshen Flour Products Co, Yantai Shuangta Food Co, Shandong Huatai Food, Shandong Jindu Talin Foods Co, Shandong Jianyuan Foods Co Yantai Oriental Protein Tech Co, and Axiom Foods Inc. among others.
Further key findings from the report suggest
The market is segmented on the basis of type into isolates, concentrates and textured. Isolates are expected to witness the highest growth, with a CAGR of 7.6% during the forecast period, since they are used as the substitutes of meat.
The study is segmented on the basis of form into powder (dry) and paste (wet). The former segment accounted for the largest market share in 2018 and is expected to dominate the segment throughout the forecast period with a CAGR of 7.2%, majorly due to its significant use in its consumption as nutritional health supplements, meat, and bakery products.
PPI can easily be added to shakes, smoothies, or protein-rich recipes, and can also be added into supplements and bars as well.
The study is segmented on the basis of applications into beverage, bakery products and snacks, confectionery, meat applications and nutritional supplements. Nutritional supplements segment dominates the sector in 2018, with a CAGR of 6.9% during the forecast period.
The study is segmented on the basis of distribution channels into supermarkets, health stores, online stores and others. Supermarkets played a prominent role in distributing the product in 2018, with a CAGR of 6.1% during the forecast period. Several retailers have tied up with manufacturers for the distribution of these products.
The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA. North America dominated the global market in 2018 with 40% share, attributed to the booming sports nutrition industry.
The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
For the purpose of this report, Reports and Data has segmented global Market on the basis of type, form, distribution channels, application, and region:
Type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
Isolates
Concentrates
Textured
Form Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Powder (Dry)
Paste (Wet)
Distribution Channels Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Supermarkets
Health Stores
Online Stores
Others
Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
Beverages
Bakery products & snacks
Confectionery
Meat applications
Nutritional supplements
Others
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Latin America
Brazil
MEA
Key insights presented in the report:
Market revenue shares by major business players, by type, application, and market scope of global Pea Protein market
Sales revenue by key players and new entrants
Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities.
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements
Explore Reports and Data’s Prime Analysis of the global Foods & BeverageIndustry:
Seaweed Snacks Market Size, Share, By Application, By Type and By Region Forecast To 2028
Tobacco Market Size, Share & Analysis, By Type, By Application, And By Region Forecast To 2028
Fruit Snacks Market Size, Share & Trends, By Product and By Application Forecasts To 2028
Dairy Products Market Size, Share & Analysis, By Product, By Application and Forecasts To 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.