Pea Protein Ingredients Market
The global Pea Protein Ingredients market is anticipated to grow at a CAGR of 11.19% and is projected to increase to US$ 15.1 Billion by the end of the projected period in 2032.
The Pea Protein Ingredients Market is enrolling in high growth due to the high demand for vegan and vegetarian protein ingredient sources. The manufacturers are concentrating on innovative products and technology with the help of widespread research and development to enhance product quality. The rising demand for protein ingredients in various end-use industries is herding the growth of the pea protein ingredients industry.
The North America pea protein ingredients market is witnessing significant growth, driven by the increasing consumer demand for plant-based protein alternatives. Pea protein is derived from yellow peas and is rich in essential amino acids, making it a popular choice among health-conscious consumers. The market is also driven by factors such as the rising popularity of vegetarian and vegan diets, as well as the growing awareness of the environmental impact of animal agriculture.
One of the main factors contributing to the escalating adoption of pea protein ingredients is the growing cognizance of the benefits of protein ingredients among consumers. In addition to that, the rising embracement of a high-protein diet by consumers is boosting the sales of products with high protein ingredient content. Correspondingly, as consumers are getting aware of pea protein as an alternative to animal-sourced protein, the demand for pea protein ingredients is escalating. Also, growing interest regarding lactose intolerance among people is augmenting the demand for an alternative for protein ingredients sourced from milk and milk derivatives.
Pea protein ingredients are growing acceptance widely, owing to the enlarging health concerns among the population. Pea protein is gathering popularity among consumers owing to its cost-effectiveness over other alternatives in the market similar to soy, wheat, rice, and others.
Key Players
The global Pea Protein Ingredients market’s prominent key players are Archer Daniels Midland Company (US), Kerry Group PLC (Ireland), Cargill Incorporated (US), CosucraGroupeWarcoing SA (Belgium), The Scoular Company (US), A & B Ingredients Inc. (US), Nutri-Pea Limited (Canada), Prinova Group LLC (US), Roquette Frères S.A. (France), Burcon NutraScience Corporation (Canada), Ingredion Incorporated (US), Batory Foods (US), Cambridge Commodities Inc. (UK), PLT Health Solutions (US) and Axiom Foods Inc. (US)
Market Segmentation
The global Pea Protein Ingredients market is segmented into following;
By Type
- Isolates
- Concentrates
- Textured
By Application
- Food & Beverages
o Meat Substitutes
o Bakery & Confectionery
o Beverages
o Dietary Supplements
o Sweet & Savory Snacks
o Infant Nutrition
o Others
- Animal Feed
- Others
Related Reports
Philippines Roasted Coffee Market
Asia-pacific Whey Protein Ingredients Market
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