Global Pea Protein Market: Key Insights on Size, Share, and Industry Trends, Growth.
Markntel Advisors has conducted an in-depth analysis of the Global Pea Protein Market, encompassing the forecast period from 2024-30 and utilizing data from the historical span of 2019-22, with 2023 as the base year. Our proficient team of analysts has devoted substantial time to gather and examine the latest market information, ensuring the delivery of a comprehensive and current report. This market research analysis is particularly beneficial for decision-makers relying on data, including business owners and analysts. This research report on market by us serves as a strategic guide for businesses, offering a detailed roadmap to navigate the complexities of the market and capitalize on lucrative opportunities for sustainable Pea Protein Industry growth.
What is the current Global Pea Protein market size and its projected growth for the Coming Years 2030?
The Global Pea Protein Market size was valued at around USD 1.4 billion in 2022 and is projected to grow at around 8% CAGR during the forecast period, i.e., 2024-30. The growth of the market is likely to be driven primarily by the mounting food requirements of the exponentially rising population globally, increasing consumer preference toward nutrient-rich food like pea protein for an active lifestyle, and an escalating number of vegan population inclining purely on plant-based food products.
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What are the Pea Protein Market Growth Prospects?
Increasing Cases of Lactose Intolerance - Since Pea Protein is a non-allergen component, it also falls under the category of gluten & lactose-free food products. As a result, an escalating number of people suffering from lactose intolerance are opting for pea protein. It is generating immense growth opportunities for the leading players in the Pea Protein Market to bring new products and expand their product portfolio & scalability.
On the other hand, the population of vegan people is also burgeoning globally & augmenting the need for more production capabilities for pea protein. Due to this, the leading players are witnessing substantial profitability and projecting significant growth potential for the Pea Protein Market through 2030.
A Thorough Examination of the Fragmented Pea Protein Market
Our research yields valuable insights into crucial Pea Protein market trends, consumer behaviour, and competitive landscapes across various industries. We meticulously monitor market trends to illuminate both positive and negative factors that have historically impacted consumer behaviour. Additionally, our report provides an extensive analysis of market challenges and constraints that hindered growth in the past or are expected to emerge during the forecast period.
Name of Leading Pea Protein Companies in the Market-
Rouquette Freres
Ingredion Incorporated
Puris Protein Llc
Fenchem Inc.
Dupont
Axiom Foods Inc
Burcon Nutrascience Corp
Cosucra Groupe Warcoing
Sotexpro
Shandong Jianyuan Foods Co., Ltd.
Yan Tai Shuang Ta Food Co Ltd.
Et-Chem
Agt Foods
The Green Labs Llc
Nutri-Pea Limited
Others
Our inclusive coverage of lucrative prospects renders our research analysis valuable for investors and other stakeholders.
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What Segments Are Discussed in the Pea Protein Market Report?
The Pea Protein Market displays high resilience and fragmentation, comprising numerous segments like:
By Type
Isolates
Textured
Concentrates
Others (Hydrolyzed, Fermented, etc.)
By Form
Dry
Wet
By Nature
Organic
Conventional
By Source
Chickpeas
Yellow Split Peas
Lentils
By Application
Performance Nutrition
Meat Substitutes
Functional Foods
Snacks
Bakery Products
Beverages
Confectionery
further subdivided into various sub-segments. Recognizing market segmentation is crucial for businesses to tailor their strategies, products, and services to meet the specific needs and demands of their target customers. Through a meticulous analysis of market segments and associated sub-segments, businesses can identify new growth opportunities, forecast market trends, and formulate effective marketing and sales strategies.
On the geographical front, the Pea Protein Market expands across the following:
By Region
North America
South America
Europe
Middle East & Africa
Asia-Pacific
This geographic segmentation empowers businesses to gain insights into geographical differences in consumer behaviour, preferences, and demand. Such insights can inform decisions related to expansion plans, partnerships, and product localization strategies.
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Why to Buy this Detailed Analyzed Report?
Gain insights into the industry's size, share, and growth patterns.
Stay informed about the latest trends shaping the Pea Protein industry.
In-depth analysis of factors influencing the industry's growth.
Insights into potential opportunities and development avenues in the Pea Protein market.
Understand the current and projected demand dynamics in the Pea Protein industry.
Make strategic decisions based on a thorough understanding of Pea Protein market demand.
Navigate the competitive landscape confidently with our industry-focused guide.
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