Increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumer focus on meat alternatives, growing demand from food & beverage industry, advancement in ingredient technologies such as microencapsulation, and increasing soy free and gluten free trend are the key market drivers covered in the report which will support the industry growth in the forecast period. However, significant preference for animal based protein and consumer preference to other plant proteins over pea protein restrains the adoption of pea protein.

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Global pea protein market is expected to reach USD 359.4 million by 2022, at a CAGR of 13.4% during the forecast period of 2017 to 2022. The pea protein market is driven by the increasing awareness about the benefits of protein and growing demand for protein-rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, growing demand from food & beverage industry, various advancements in ingredient technologies such as microencapsulation, and increasing soy free and gluten free trend. In addition, increasing inclination towards a vegan diet and emerging economies such as Southeast Asia, Latin America, and Middle East & Africa provides significant opportunities for the growth of this market.
The research report on the global pea protein market provides a comprehensive analysis of a major product segments such as pea protein isolates, pea protein concentrates, and others. The report further gives an extensive outlook on the multifarious industries served by the pea protein. Pea protein market is divided on the basis of application into nutrition & health supplements, bakery, cereals & snacks, meat products & alternatives, beverages, and others. The segment further briefly talks about the trends impacting the growth of these markets and the market forecast for each segment and sub-segment for the next five years.

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