According to the latest report by IMARC Group, titled “Pea Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global pea protein market size reached US$ 704 Million by 2020. On account of the aforementioned factors, the market is expected to reach a value of US$ 1,305 Million by 2026, growing at a CAGR of 10.6% during 2021-2026. Pea protein represents a high-quality source of protein obtained mainly from yellow peas. It is enriched with several essential nutrients, including arginine and branched-chain amino acids, has a neutral taste, and is sold in different forms, such as powder, bar, milk, etc. Pea protein finds widespread applications in the food industry, where it is utilized as a dietary supplement, food additive, dairy protein alternative, etc. Pea protein is rich in iron and a wholly vegan food option that can be easily digested without any bloating, unlike most other protein supplements. However, its consumption can cause a reaction among people allergic to peas or peanuts.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Pea Protein Market Trends:
The growing prevalence of veganism and vegetarianism is primarily driving the pea protein market. Moreover, the shifting consumer preferences towards non-meat protein options, since the consumption of red meat is linked to the development of numerous heart-related ailments, is further catalyzing the market growth. In addition to this, as pea protein is gluten- and dairy-free, it is gaining popularity among individuals who suffer from gluten allergy or lactose intolerance. This is acting as another significant growth-inducing factor. Furthermore, the rising product adoption in various weight management and sports nutrition items is expected to fuel the pea protein market over the forecasted period.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Axiom Foods, Inc.
- Cosucra-Groupe Warcoing
- Nutri-Pea Limited
- Roquette Frères S.A.
- Shandong Jianyuan Foods Co., Ltd
- Sotexpro SA
- The Scoular Company
- Naturz Organics
- Glanbia Plc
Breakup by Product Type:
Breakup by Application:
- Dietary Supplements
- Bakery Products
- Meat Substitutes
Breakup by End User:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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