
Pea Protein Market by Type (Isolate, Concentrate, and Textured), Form (Dry and Wet), Source (Yellow Split Pea, Lentils and ChickPea), Application, and Region (North America, Europe, APAC, South America and ROW ) - Global Forecast to 2027
Description
Pea Protein Market by Type (Isolate, Concentrate, and Textured), Form (Dry and Wet), Source (Yellow Split Pea, Lentils and ChickPea), Application, and Region (North America, Europe, APAC, South America and ROW ) - Global Forecast to 2027
The market for Pea Protein is estimated at USD 1.7 Billion in 2022; it is projected to grow at a CAGR of 11.9% to reach USD 2.9 Billion by 2027. The increasing vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period. The application of Pea Protein has increased exponentially over the past years with an increase in adaptation of healthier lifestyle and dietary habits among people. According to the 2021 Health & Nutrition Survey from the International Food Information Council (IFIC), one-quarter of adults said they are eating more plant protein than in 2020. Beyond Meat’s Beyond Sausage was the 10th best-selling new food/beverage in 2020 with year one sales of USD 53 million, and 36 of the top 100 best sellers had a plant-based attribute and 22 were vegan, according to IRI’s 2021 New Product Pacesetters.
The Food segment, by application is projected to observe the fastest growth in the Pea Protein market throughout the forecasted period
The growing vegan revolution and the rising population of people adopting the vegan lifestyle has increased the demand for variety of food options in the vegan segment like meat alternatives in the form of vegan burger patties and vegan sausages. Pea Protein is one of the key ingredients in these products. The use of Pea Protein as a performance nutrition in smoothies and snack bars by athletes to tackle issues like lactose intolerance caused by dairy products has also increased the demand of Pea Protein in multiple food applications.
The Pea Protein Isolate segment by type is estimated to account for the largest market share in the global Pea Protein market
The Pea Protein Isolate is estimated to have the largest growth due to increased awareness about healthy lifestyle and dietary habits. Pea Protein Isolates have a high protein content making it a better and healthier choice to attain daily protein macros. Its wide range of application in Plant-based Meat, Snack Bar and Vegan Protein Powder makes it popular choice.
The dry form Pea Protein is projected to attain the fastest market growth in Pea Protein market over the forecast period.
The dry form textured Pea Protein is estimated to dominate the market over the forecasted period for its versatility. The textured attribute helps to replicate the meaty texture and makes it a healthier and more sustainable alternative to meat in the form of plant-based meat options like burger patty and sausages. The dry form is also used as a protein filler in protein shakes and smoothies. The versatile application of dry form pea protein will help achieve the fastest market growth over the forecasted period.
Break-up of Primaries
By Value Chain: Managers : 50%, junior level employees : 20% and Directors: 30%
By Designation: Managers: 30%, CXOs: 26%, and Executives: 44%
By Countries: US: 20%, India: 55%, UK: 20%, China: 5%
Leading players profiled in this report
Rouquette Freres (France)
DuPont (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion (US)
Puris (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co., Ltd (China)
The Scoular Company (US)
Burcon (Canada)
Shandong Jianyuan Group (China)
ET-Chem (China)
AGT Food and Ingredients (Canada)
The Green Labs LLC. (US)
Axiom Foods, Inc. (US)
Research Coverage
This report segments the Pea Protein market on the basis of application, form, source, type, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the Pea Protein market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
To get a comprehensive overview of the Pea Protein market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the major countries/regions, in which the Pea Protein market is flourishing
The market for Pea Protein is estimated at USD 1.7 Billion in 2022; it is projected to grow at a CAGR of 11.9% to reach USD 2.9 Billion by 2027. The increasing vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period. The application of Pea Protein has increased exponentially over the past years with an increase in adaptation of healthier lifestyle and dietary habits among people. According to the 2021 Health & Nutrition Survey from the International Food Information Council (IFIC), one-quarter of adults said they are eating more plant protein than in 2020. Beyond Meat’s Beyond Sausage was the 10th best-selling new food/beverage in 2020 with year one sales of USD 53 million, and 36 of the top 100 best sellers had a plant-based attribute and 22 were vegan, according to IRI’s 2021 New Product Pacesetters.
The Food segment, by application is projected to observe the fastest growth in the Pea Protein market throughout the forecasted period
The growing vegan revolution and the rising population of people adopting the vegan lifestyle has increased the demand for variety of food options in the vegan segment like meat alternatives in the form of vegan burger patties and vegan sausages. Pea Protein is one of the key ingredients in these products. The use of Pea Protein as a performance nutrition in smoothies and snack bars by athletes to tackle issues like lactose intolerance caused by dairy products has also increased the demand of Pea Protein in multiple food applications.
The Pea Protein Isolate segment by type is estimated to account for the largest market share in the global Pea Protein market
The Pea Protein Isolate is estimated to have the largest growth due to increased awareness about healthy lifestyle and dietary habits. Pea Protein Isolates have a high protein content making it a better and healthier choice to attain daily protein macros. Its wide range of application in Plant-based Meat, Snack Bar and Vegan Protein Powder makes it popular choice.
The dry form Pea Protein is projected to attain the fastest market growth in Pea Protein market over the forecast period.
The dry form textured Pea Protein is estimated to dominate the market over the forecasted period for its versatility. The textured attribute helps to replicate the meaty texture and makes it a healthier and more sustainable alternative to meat in the form of plant-based meat options like burger patty and sausages. The dry form is also used as a protein filler in protein shakes and smoothies. The versatile application of dry form pea protein will help achieve the fastest market growth over the forecasted period.
Break-up of Primaries
By Value Chain: Managers : 50%, junior level employees : 20% and Directors: 30%
By Designation: Managers: 30%, CXOs: 26%, and Executives: 44%
By Countries: US: 20%, India: 55%, UK: 20%, China: 5%
Leading players profiled in this report
Rouquette Freres (France)
DuPont (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion (US)
Puris (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co., Ltd (China)
The Scoular Company (US)
Burcon (Canada)
Shandong Jianyuan Group (China)
ET-Chem (China)
AGT Food and Ingredients (Canada)
The Green Labs LLC. (US)
Axiom Foods, Inc. (US)
Research Coverage
This report segments the Pea Protein market on the basis of application, form, source, type, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the Pea Protein market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
To get a comprehensive overview of the Pea Protein market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights about the major countries/regions, in which the Pea Protein market is flourishing
Table of Contents
306 Pages
- OBJECTIVES OF THE STUDY
- MARKET DEFINITION
- STUDY SCOPE
- REGIONAL SEGMENTATION
- PERIODIZATION CONSIDERED
- CURRENCY CONSIDERED
- UNITS CONSIDERED
- STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- DATA TRIANGULATION
- ASSUMPTIONS FOR THE STUDY
- RESEARCH LIMITATIONS & ASSOCIATED RISKS
- MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
- INTRODUCTION TO COVID-19
- COVID-19 HEALTH ASSESSMENT
- COVID-19 ECONOMIC ASSESSMENT
- PEA PROTEIN MARKET SNAPSHOT, 2022 VS. 2027
- ATTRACTIVE OPPORTUNITIES IN THE PEA PROTEIN MARKET
- PEA PROTEIN MARKET, BY REGION
- PEA PROTEIN MARKET, BY TYPE
- PEA PROTEIN MARKET, BY SOURCE
- PEA PROTEIN MARKET, BY FORM
- PEA PROTEIN MARKET, BY APPLICATION
- EUROPE: PEA PROTEIN MARKET, BY TYPE & KEY COUNTRY
- INTRODUCTION
- MARKET DYNAMICS
- SUPPLY CHAIN ANALYSIS
- VALUE CHAIN ANALYSIS
- PATENT ANALYSIS
- REGULATORY FRAMEWORK
- PEA PROTEINS MARKET ECOSYSTEM/MARKET MAP
- TRENDS/DISRUPTIONS IMPACTING BUYERS/ FOR PEA PROTEIN MARKET
- TECHNOLOGY ANALYSIS
- PORTER'S FIVE FORCES ANALYSIS
- TRADE DATA ANALYSIS
- PRICING ANALYSIS
- PRICING FACTORS IMPACTING THE PEA PROTEINS MARKET
- CASE STUDY ANALYSIS: THE PEA PROTEINS MARKET
- WHAT IS A PEA PROTEIN?
- PROTEIN CONSUMPTION, BY SOURCE, 2018
- WHAT IS NEEDED TO EXCEL IN THE PEA PROTEIN INDUSTRY?
- INTRODUCTION
- ISOLATES
- CONCENTRATES
- TEXTURED
- INTRODUCTION
- YELLOW SPLIT PEAS
- CHICKPEAS
- LENTILS
- INTRODUCTION
- DRY TEXTURED PEA PROTEIN
- WET TEXTURED PEA PROTEIN
- INTRODUCTION
- COVID-19 IMPACT ANALYSIS-APPLICATION
- FOOD
- BEVERAGES
- OTHER APPLICATIONS
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- SOUTH AMERICA
- REST OF THE WORLD
- OVERVIEW
- RANKING OF KEY PLAYERS, 2021
- KEY PLAYER STRATEGIES
- HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
- COVID-19-SPECIFIC COMPANY RESPONSE
- COMPANY EVALUATION QUADRANT (KEY PLAYERS)
- PRODUCT FOOTPRINT
- START-UP/SME EVALUATION QUADRANT (OTHER PLAYERS)
- COMPETITIVE SCENARIO
- KEY PLAYERS
- OTHERPLAYERS
- INTRODUCTION
- LIMITATIONS
- PEA PROCESSED INGREDIENTS MARKET
- PLANT-BASED PROTEINS MARKET
- DISCUSSION GUIDE
- KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
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