Category : Consumer Goods and Food and Beverages | Published at : February-2019 | Delivery Format : PDF | Status: Published | Pages : 160
The global pea protein market worth is anticipated to around USD 164 billion by 2026 and in 2018, the markets present value is around USD 72 million. The market is expected to exhibit a 10.8% CAGR during the coming years.
The market growth is majorly driven by surge in consumer awareness for healthy diet, which assist in reducing blood pressure.
Market Dynamics
Developing consumer preference towards veggie lover and vegetarian consumes less calories inferable from the high medical advantages, digestibility and anti-allergen properties of the product will impel the pea protein market development. These products are seeing expanding reception in meat substitutes, dietary supplements, beverages, bakery products, sports supplements and nutraceuticals. Worldwide dietary supplements market size ought to outperform USD 221 billion by 2024 which indicate abundant market development potential. These products enable lower blood pressure, accomplish weight reduction, controls sugar, and limits kidney maladies, which ought to invigorate market development.
Market Insights
Pea protein isolates market size may observer noteworthy additions at around 12.7% up to 2026 relating to its rich protein focus and adjusted amino corrosive profile. These products find broad use as texturizing operators in meat products by virtue of their astounding emulsification, high solubility and great water-restricting attributes. Developing product selection in processed meats, energy bars, beverages, and enhancements is probably going to further stimulate product demand.
Pea protein concentrates market estimate outperformed USD 35.6 million in 2018. These products are appropriate for infant foods, ice creams, chocolates, baked products including bread, cake and oats relating to their phenomenal emulsification, oil and water maintenance and frothiness. Rising product demand for sports nutrition and weight management by virtue of their simple accessibility in powder form making its appropriate for gym freaks to benefit protein allow in their everyday lives, should support showcase development.
Market Segmentation
Market By Product
- Isolates
- Concentrates
- Textured pea proteins
Market By Application
- Meat substitutes
- Nutraceuticals
- Sports supplements
- Others
Market By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Regional Insights
Germany pea protein market need from sports supplement applications should enrol additions of over 11.3% by 2026. These products comprise of spread chain amino acids that are basic for diminishing muscle breakdown after exercises. They fill in as a rich protein hotspot for veggie lovers, vegetarians, have a comparative amino acid profile to creature products and enhanced assimilability when contrasted with other plant products. These promote muscle repair, balance blood sugar which can help in healthy weight loss and guarantee the creation of immune cells and neurotransmitters, which should additionally advance pea protein market development.
U.S. textured pea protein market size should observer utilization at more than 2 kilo tons before the finish of the anticipated time span. These products are similarly more affordable than meat, fish and poultry alongside being greater condition agreeable and sustainable nutrition source. These products are generally utilized as meat substitutes and extenders by virtue of their one of a kind taste and improved surface. They are widely used to deliver veggie lover options in contrast to different meat products, for example, chunks, meatballs, and patties which can be grilled or microwaved, in this manner invigorating business sector development.
Market Participants
Some of the key player contributing in the global pea protein market are Cosucra-GroupeWarcoing, RoquetteFrerers, Shandong Jianyuan Group, Glanbia Nutritionals, and The Scoular Company.
