Pea Protein Market Projected size Discern Stable Expansion during 2028 Covid-19

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Pea Protein market makes an offering of in-depth analysis of segments and sub-segments in the regional and international pea protein market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global pea protein market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of the global pea protein market is offered. In accordance with the report, the global market is projected to expand at a CAGR of 11.6% over the period of forecast.

Market Insight, Drivers, Restraints & Opportunity of the Market:

Basic nutrients such as vitamins, proteins are an indispensable part of the human diet. But not all consumers are non-vegetarian, so to make sure that they do not miss out on essential nutrients such as protein, pea protein is a great alternative source. It is the powder extracted from the seeds after processing them. The plant based source makes it ideal for consumers with vegetarian diets, added to them being the benefits of non-toxic and easily digestible. They have a huge application in meat substitutes, sport supplements, cereals etc.

Pea protein also provides excellent taste and emulsifying benefits. There is a high concentration of amino acids and iron which provide significant health benefits. It is easily digestible by most consumers, as much of the fibre and starch in it is extracted out during production, which is why pea protein powder doesn’t cause gas and bloating like peas do. Pea protein is gluten free and hypoallergenic, which is why it is in constant demand by the nutrition industry due to its low side effects; as consumers are now more aware about the benefits of natural ingredients. In mock meat industries, pea protein is used due to its great binding nature and sustainability. For these reasons, pea protein market will be facing a high demand in the forecast period.

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The sophisticated nature of the extraction of pea protein makes it a quite costly good. Also, a huge fraction of the population is non-vegetarian. So, the requirement for pea protein is not as much in comparison. The limited sections of consumers who require pea protein are health enthusiasts, vegetarians, vegans and those who find it easier to digest plant proteins. Also among the groups mentioned, not all can afford pea protein based products. This alienates a big portion of the potential consumer base. Which is why, this market is a little low on relatability, and that’s a big restraint on the way of its growth.

The isolate segment booms with an increase in applications for health and fitness businesses, confectioneries and plant based dairy products alike. These are rich substitutes for natural proteins due to the presence of lectin, a nutrient rich protein alternative. The meat substitute segment has lower processing costs as compared to meat products. The demand for pea protein thus keeps increasing as the food industry makes space for more texture enhancers and thickeners. Thus pea protein manufacturers are in a great place to expand their reach.

Segment Covered:

This market intelligence report on pea protein encompasses market segments based on application, product, and country/regions.

In terms of product, pea protein market is segregated into

 

  • Pea protein concentrate
  • Pea protein isolate
  • Textured pea protein

By application, the global pea protein market is also classified into,

  • Meat substitutes
  • Dairy substitutes
  • Nutraceuticals
  • Supplements
  • Others

By country/region, the global pea protein market has been divided into

  • North America (the U.S., Canada),
  • Latin America (Brazil, Mexico, Argentina and other countries),
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
  • Middle East and Africa (GCC, South Africa, Israel and Other countries).

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Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

  • Cosucra Groupe Warcoing
  • Shandong Jianyan Group
  • Fenchem Yantai Oriental Protein
  • Burcon Nutraecience Corporation
  • Glanbia PLC
  • Pinova Group LLC
  • Rouquette Freres
  • The Scoular Company
  • Puris Foods
  • DuPont
  • Ingredeion Inc.

Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as pea protein market related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of pea protein market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world of pea protein market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø Leading market players covered this report comprise names such as Cosucra Groupe Warcoing, Shandong Jianyan Group, Fenchem Yantai Oriental Protein, Glanbia PLC and many more

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for pea protein caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the pea  protein market

v Identification of key factors driving investment opportunities in the pea protein market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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