The global pea protein market size is expected to reach USD
313.5 million by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 17.4% over the forecast period. Increasing consumption
of gluten-free products among those suffering from celiac disease is expected
to boost product demand during the forecast period.
Rising concerns over non-celiac gluten
sensitivity is expected to result in increasing consumption of gluten-free
foods, positively impacting the industry growth. Furthermore, popularity of
maintaining a gluten-free diet (GFD) owing to reduced carbohydrate intake and
stimulation of weight loss is anticipated to propel the use of pea proteins
over the forecast period.
Increasing importance of maintaining a
GFD in treating innate immune response, joint pain, and numbness is foreseen to
fuel product demand in future. Furthermore, this diet is gaining popularity as
an effective treatment for curing symptoms of autism in children.
Plant-derived proteins are of immense
importance and cater to growing demand for the same from non-meat sources. Over
the past few years, peas have played a significant role in overcoming
challenges associated with protein-energy malnutrition in developing and
under-developed countries. Pioneers in this industry have laid their hands on
creating products that have a close resemblance to what meat-based protein
provides as well as imparting tastes that could benefit players in capturing a
greater market share.
Significant prevalence of lactose
intolerance among infants and children in developing regions, such as Central
and South America, Asia Pacific, and Middle East and Africa, is projected to be
another significant driver in the industry. The global fundamentals with
respect to demand have witnessed a positive outlook over the past years.
Countries such as India have witnessed economic growth, resulting in an
increase in consumer disposable income, which has had a positive impact on
in-house pulse snack consumption. On the other hand, demand for pea protein in
China has witnessed an upward tick based on growing extensive and fractional
operations.
Pea protein is one of the highly
preferred non-dairy substitutes, as it is characterized by good amino acid profile
and is easily digestible. These attributes make the product favorable for use
in various food and beverage products, such as protein fortified health drinks
and sports nutritional foods.
Browse full research report on Pea Protein Market: https://www.grandviewresearch.com/industry-analysis/pea-protein-market
Further key findings from the study suggest:
- In terms of volume, the bakery goods application segment is
expected to expand at a CAGR of 13.4% from 2019 to 2025, owing to
utilization of pea protein as a fibrous and gluten-free product
- Growth of the food and beverage industry in Brazil, India,
China, and Mexico as a consequence of increasing domestic consumption and
adoption of modern farming technology, is expected to drive the pea
protein market in the near future
- Companies are focusing on enhancement of their business
growth through significantly investing in research and development, new
product launches, and forward integration. Farbest and Roquette America
have forward integrated business operations as they are engaged in
production as well as supply operations
- On the basis of product, concentrates are likely to account
for a 26.8% share in the overall revenue by 2025. These products comprise
70-80% of protein content and are mostly used in energy drinks and fruit
mixes
- In January 2019, Magnum, an ice cream brand, announced its
release of vegan ice creams. Cocoa beans are procured from Rainforest
Alliance Certified Farms, wherein, ice creams are purely made from pea
proteins, which are an alternative to dairy products
- Safe Fair Foods C.o, launched its allergy-free product line
under pea protein chips in January 2019. The gluten-free protein packed
chips are free from five of the top seven allergens. New product
development and establishment of partnership between manufacturers and
buyers are anticipated to remain critical success factors for
manufacturers over the next few years.
Browse request
sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/pea-protein-market/request/rs1
Grand View Research has segmented the global pea protein market on
the basis of product, form, application, and region:
Pea Protein Product Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- Isolates
- Concentrates
- Textured
Pea Protein Form Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- Dry
- Liquid
Pea Protein Application Outlook (Volume, Tons; Revenue, USD
Thousand, 2014 - 2025)
- Meat
Substitutes
- Bakery
Goods
- Dietary
Supplements
- Beverages
- Others
Pea Protein Regional Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Australia
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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