Pea Protein Market 2021-2026 : Trends, Share, Size, Growth and Forecast - IMARC Group

According to the latest report by IMARC Group, titled “Pea Protein Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2021-2026,” the global pea protein market size reached US$ 704 Million by 2020. On account of the aforementioned factors, the market is expected to reach a value of US$ 1,305 Million by 2026, growing at a CAGR of 10.6% during the forecast period (2021-2026). Pea protein is a high-quality protein primarily obtained from yellow peas. It is a rich source of plant protein and other essential nutrients, such as arginine, iron, magnesium, and branch-chained amino acids. Pea protein is free from common allergens, saturated fats, and cholesterol. As a result, it contributes to muscle growth and weight loss, improves heart health, and reduces the risk of kidney-related disorders. Due to its neutral taste, pea protein is commonly utilized as a food additive, dairy protein alternative, and dietary supplement in the food and beverage (F&B) industry.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Pea Protein Market Trends:

The global pea protein market is primarily being driven by the growing adoption of vegetarian and vegan diets across the globe. The dietary shift from animal-based proteins to plant-based alternatives due to growing health-consciousness among consumers is propelling the growth of the market. Moreover, the growing instances of gluten allergies and lactose intolerance is driving the market as pea protein is naturally dairy- and gluten-free. Besides this, the widespread utilization of pea protein in sports nutrition and the rising demand for weight management solutions are among the other growth-inducing factors. Increasing disposable incomes and rising consumer expenditure capacities on health and wellness are among the other factors creating a positive outlook for the market.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

· Axiom Foods, Inc.

· Cosucra-Groupe Warcoing

· Nutri-Pea Limited

· Roquette Frères S.A.

· Shandong Jianyuan Foods Co., Ltd

· Sotexpro SA

· The Scoular Company

· Naturz Organics

· Fenchem

· Glanbia Plc

Breakup by Product Type:

· Isolates

· Concentrates

· Textured

Breakup by Application:

· Dietary Supplements

· Bakery Products

· Meat Substitutes

· Beverages

· Others

Breakup by End User:

· Retail

· Institutional

Breakup by Region:

· North America

· Asia Pacific

· Europe

· Latin America

· Middle East and Africa

Key highlights of the Report:

· Market Performance (2015-2020)

· Market Outlook (2021-2026)

· Porter’s Five Forces Analysis

· Market Drivers and Success Factors

· SWOT Analysis

· Value Chain

· Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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