According to SPER Market Research, the Global Pea Protein Market Because of increased health consciousness, consumers in industrialized nations are shifting to plant-based diets. Vegan protein sources are becoming more and more popular as a meat-protein replacements.
Various nutritional and meat substitute products employ pea protein as a vegan source of protein. They add anti-allergen qualities, which transform it into a healthier choice.
Global Pea Protein Market Overview (2022-2030)
Forecast CAGR (2022-2030): 14.2%.
Forecast Market Size (2030): 2788 million.
Different types of peas, including split yellow peas, lentils, and chickpeas, are used to make the pea protein. Heavy machinery and expensive procedures are needed for the extraction. About 15 to 20 percent of the total amount of peas used in production are used to make the protein concentrate.
Impact of COVID-19 on the Pea Protein Market:
Both positive and negative effects of COVID-19 are felt in the pea protein market. Due to a manpower scarcity and limitations on exports and transportation, the production of pea protein is constrained. However, there has been a rise in consumer demand as well. The growing popularity of veganism in western nations encourages people to use pea protein to meet their daily protein requirements. As constraints are lifted, the supply chain is gradually being rebuilt to satisfy the demand from output.
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Global Pea Protein Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Market has been divided into textures.
- And concentrations.
- Market has been segmented into Dry and Wet.
- Split yellow peas.
- And chickpeas make up the market segments.
- Functional foods.
- Bakery goods.
- And performance nutrition.
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Pea Protein Market Key Players:
The global pea protein market study offers market data by the competitive landscape, revenue analysis, market segments, and in-depth evaluation of significant market players including Axiom Foods, Inc., Burcon a science, Cucura Groupe Wracking SA, DuPont, Easland Group, Finchem Inc., Ingred Eion Inc., Martin & Pleasance, Nutri-Pea Ltd, Puris Foods, Rouquette Freres, Shandong Ji.
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Anthony tone Business Consultant – U.S.A.