About the Pea Protein Market
Pea protein is extracted from yellow peas, known as Pisum sativum, and has a typical legume amino acid profile. Being highly nutritive and functional, pea protein has gained a strong foothold in the plant-based protein market. It is also a clean-label product with non-allergic attributes and is a viable alternative to eggs and is therefore used in a variety of bakery and confectionery applications. There are three types of pea protein: isolates, concentrates, and textured protein.
Technavio’s analysts forecast the global pea protein market to grow at a CAGR of 8.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pea protein market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of pea protein in the product forms listed below:
Technavio Announces the Publication of its Research Report – Global Pea Protein Market 2016-2020
Technavio recognizes the following companies as the key players in the global pea protein market: Axiom Foods, Burcon, Cosucra, Glanbia Nutritionals, Nutri-Pea, Roquette, and Sotexpro.
Other Prominent Vendors in the market are: A&B Ingredients, Agridient, Farbest Brands, Fenchem, Martin & Pleasance, Norben Company, NOW Foods, Shandong Jianyuan Foods, The Scoular, and Yantai Shuangta Food.
Commenting on the report, an analyst from Technavio’s team said: “A major trend which will boost market growth is the use of pea proteins as an alternative protein source in pet foods. Being versatile and palatable, pea protein and fiber products have replaced beet pulp, wheat, corn, and other cheap fillers in pet food formulas. Pea fiber is light colored and odorless can be used with both wet and dry ingredients; it binds water and fat and is used as a thickener in wet food. Pea starch meal can partially or totally replace carbohydrate sources like cereals, whole peas, and potato starches. With an excellent chemical profile, pea protein is a healthy, natural, and hypoallergenic protein and starch source for pet nutrition.”
According to the report, a key growth driver is the demand for high protein products. Pea protein has a protein content of 85%, which is significantly higher than other vegetable proteins. With protein levels comparable to that of animal sources, it adequately meets the nutritional needs of the vegetarian and vegan populations. Pea protein and other plant proteins like rice and wheat have complementary amino acid profiles, and when combined, they offer enhanced nutritional benefits. It has an excellent profile of essential and non-essential amino acids like lysine and glutamine.
Further, the report states that one challenge that could restrict market growth is the issue surrounding the formulation and usage of pea protein in products.
Axiom Foods, Burcon, Cosucra, Glanbia Nutritionals, Nutri-Pea, Roquette, Sotexpro, A&B Ingredients, Agridient, Farbest Brands, Fenchem, Martin & Pleasance, Norben Company, NOW Foods, Shandong Jianyuan Foods, The Scoular, Yantai Shuangta Food.
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