Pea Protein Market - Opportunities & Forecast, 2020-2027


Posted September 10, 2020 by shaqibakram

Growing awareness of the health benefit of pea protein among millennial consumers is one of the key factors supporting the growth of the global pea protein market.

 
Pea protein is extracted from green peas which contain essential amino acids and nutritionally beneficial for health. It is a sustainable protein source and substitutes for the consumption of meat for the coming years as pea contains more protein as compared to meat. Isolated, concentrated, and textured are different varieties of pea protein product which is mostly used in the pea protein market. Furthermore, pea protein has long term health benefits like weight loss, cholesterol-free, blood pressure, lower in sodium, and also useful for enhancing mass muscle gain during weight training.

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Growing awareness of the health benefit of pea protein among millennial consumers is one of the key factors supporting the growth of the global pea protein market. Consumer preference for food is changing due to the influence of shifting trends towards fitness and health-conscious. The increasing the popularity of veganism across the globe will lead the demand for pea protein over animal-based protein, which further boosts the growth of the market during the forecast period. Even though, Taste, natural product, clean label, and ease of digestion characteristics of pea protein are also attracting consumers towards plant-based protein. Moreover, widespread acceptance of pea protein in food manufacturing, especially confectionery, functional food, supplements, is spurring the growth of the global pea protein market. However, the availability of alternative protein products may restrain the market growth in the upcoming years.

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The global pea protein market has been segmented on the basis of product type, form, application, end users, and key geographies. Based on product type, the market is segmented into isolated, concentrated, and textured. Based on form, the market is segmented into dry and liquid. Based on application, the market is segmented into meat products, dietary supplements, bakery goods and snacks, and others. Based on end users, the market is segmented into online stores, supermarkets, specialized stores, and others.

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The research report “Global Pea Protein Market” provides an in-depth analysis of global pea protein market based on product type, form, application, end user and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for global pea protein market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

At what pace is global pea protein market growing? What will be the growth trend in the future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global pea protein market?
What are the various application areas and how they are poised to grow?

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Last Updated September 10, 2020