Market Dynamics: Pea Protein Market Analytical Research Report (Forecast 2018-2023) Covering: Major Applications, Product types, Key players, Focused Regions, Forecasting
Pea Protein Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. Pea Protein Market analyse factors that effect demand for Pea Protein, driving factors, trends, and challenges faced by industry vendors, regional analysis, Segment by Type, Applications of whole Pea Protein industry.
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Description of Pea Protein Market: Extracted from the yellow pea, pisum sativum, pea protein is generally used as a dairy alternative and a dietary supplement. Pea protein is a food additive, generally used as a dairy alternative and a dietary supplement with a neutral taste and possessing a typical amino acid profile, thereby making it a feasible choice for the food industry. The global pea protein market revenue was USD 100.8 million in 2016 and is expected to register a CAGR of 7.5% during the forecast period, (2018-2023)
Vegetarianism Driving the Pea Protein Market
Post-2012 witnessed a gradual gain in the popularity of vegan diet and vegetarianism, as an alternative to meat products, among the fitness conscious western populations. Owing to their high nutritional qualities and increased western influence, pea protein has gained popularity in the developing countries acting as a driver for the global pea protein market.
Due to the technical difficulties in procuring the raw material and processing the end protein, the cost of pea protein is very high. Lower consumer awareness in the developing countries is the major constraint for the pea protein market. Lack of internet penetration, low education levels and restricted environmental awareness in many parts of the world, especially developing regions, are hindering the market for plant protein. Moreover, it is a common perception, among both developed and developing worlds, that animal products contain superior forms of protein as compared to plant proteins.
Plant-based proteins, with their higher nutritional specifications, as compared to that of synthetic proteins have gained popularity in sports drinks industry. Technological advancements in processing and manufacture have brought down the product costs. Extensive research has resulted in improving the taste and texture. With their proven health benefits, pea protein has a higher scope of incidence in weight management and fitness industry, creating an opportunity for a money-spinning venture in the sector.
Nutritional Supplement Leading the Pea Protein Market
Pea protein is produced in the form of isolates, concentrates and textured protein, of which textured protein occupies 32% of the market share with its extensive usage in meat applications. Textured pea protein is further available in wet and dry forms based on the requirement they cater to. Textured pea protein has the highest market share of 37%.
Among isolates, North America is the largest market followed by the Europe and Asia-Pacific. Growing at a CAGR of 8.8% global market for pea protein isolates would reach USD 12.6 Million by 2023. Bakery, snacks, beverages, meat extenders and nutritional supplements are some of the major applications of pea protein. Nutritional supplement among the segments forms the largest part of the pea protein industry and the same segment is expected to remain the largest part by 2023 with a CAGR of 8.8%.
North America Leading at the Geographical Front
North America is the largest market for pea protein for pea protein, followed by Europe with 33% share. US is the major market in North American region. The market is growing especially with the rising demand of French-grown yellow peas, which is also branded by Roquette under the name of Nutralys. Germany has the highest market share in the European region. Asia-Pacific is an emerging market in the sector due to its increasing health conscious and western influenced populations. Asia Pacific is expected to grow faster compared to other regions, at a CAGR of 10% during the forecasted period 2017-2022. China occupies the leading market position, with India and Japan being other important high potential markets.
MAJOR PLAYERS: AXIOM FOODS, INC., COSUCRA-GROUPE WARCOING, NUTRI-PEA LIMITED, ROQUETTE FRERES, SHANDONG JIANYUAN FOODS CO., LTD, SOTEXPRO SA, THE SCOULAR COMPANY, NATURZ ORGANICS, FENCHEM, GLANBIA PLC and WORLD FOOD PROCESSING (WFP), amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information,
Global Pea Protein Market: Manufacturers Segment Analysis (Company and Product introduction, Pea Protein Sales Volume, Revenue, Price and Gross Margin):
Pea Protein Market report passes on a fundamental overview of the Market including its definition, applications and advancement. Furthermore, the Industry report investigates the ecumenical Major Pea Protein Market players in detail. Pea Protein Market report gives key bits of Cautiousnessand subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons to Purchase this Report
The Global demand for Pea Protein Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Pea Protein Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Pea Protein Market Forecast (2018-2025):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Pea Protein Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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In addition, company-to-company comparison (Company benchmarking) and product-to-product comparison (Product benchmarking) are included in the research work. It presents key competitive factors that are vital for companies to excel in challenging market conditions.
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