According to the recent FMI report, the pea protein market size is anticipated to cross a value of US$ 204.5 Million in 2032. As per the pea protein market analysis report, currently, its net worth is around US$ 65 Million, and it is expected to grow at an impressive CAGR of 11.8% approximately between 2022 and 2032.
A high-protein diet has been increasingly popular in recent years as people all over the world have become more health concerned. Consumers are forced to look for nutrients in packaged food products due to their increasingly busy lifestyles, which has created a significant market for all kinds of alternatives, such pew protein powder.
Get your hands on our Sample Report to stay up-to-date on the latest developments in the Pea Protein Market. Download now! @
https://www.futuremarketinsights.com/reports/sample/rep-gb-697
The main factors driving the acceptance of a diet high in pea protein are changing fitness habits, especially among millennials, and the rise in chronic illnesses brought on by altered lifestyles. Pea protein market expansion is anticipated to be fueled by rising customer interest in sports nutrition products as a result of improved knowledge of bone and muscle health.
Customers’ changing needs and a growing interest in products that are non-GMO, gluten-free, and hexane-free are expected to fuel R&D in the pea protein industry and fuel its expansion. The manufacturing method, the properties of the final product, and the expense of acquiring various permissions all have a significant impact on the price of organic pea protein, providing favourable prospects for new entrants.
Key Takeaways from the Pea Protein Market Study:
- Pea protein isolate is the most popular product type of this market sector making it the largest segment with a share of more than 50% of total sales
- In 2021, North America accounted for about 44% of global revenue, dominating the pea protein industry worldwide.
- The demand for the textured pea protein in meat processing is expected to expand as a result of the existence of key meat product companies in the U.S., including JBF, Tyson, National Foods, and Cargill.
Competitive Landscape
US, France, Spain, U.K., and Germany, Italy are the major countries driving demand for Pea Protein Market. The name of some of the renowned pea protein market key players are Burcon Nutrascience, Roquette Freres, The Scoular Company, DuPont, Cosucra Groupe Warcoing SA, Nutri-Pea Ltd., Shandong Jianyuan Group, Sotexpro SA, Ingredion, Inc., Axiom Foods, Inc., Fenchem Inc., and Martin & Pleasance.
Get Valuable Insights into Pea Protein Market
FMI, in its new offering, provides an unbiased analysis of Pea Protein Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Pea Protein based on by Nature (Organic, Conventional), Product Type (Protein Concentrates, Protein Isolates, Textured Protein, Hydrolysed Protein), End Use (Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic and Personal Care), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )
For More Information On This Report, Ask Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-697
Pea Protein Market by Category
By Nature:
- Organic
- Conventional
By Product Type:
- Protein Concentrates
- Protein Isolates
- Textured Protein
- Hydrolyzed Protein
By End Use:
- Food Processing
- Meat Alternatives
- Bakery Products
- Confectionery
- Snacks & Cereals
- Meat-Based Products
- Functional Beverages
- Others
- Animal Feed
- Livestock
- Cattle
- Swine
- Poultry
- Pet Food
- Aquafeed
- Livestock
- Nutraceuticals
- Sports Nutrition
- Infant Nutrition
- Cosmetic and Personal Care
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
