Pune, India -- (SBWire) -- 04/11/2019 --Our latest research report entitled Pea Protein Market (by type (isolates, concentrates and textured), application (meat extenders and analogs, snacks & bakery products, nutritional supplements and beverages), form (dry and wet)) Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Pea Protein. Latest information on market risks, industry chain structure Pea Protein cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Pea Protein growth factors.
The forecast Pea Protein Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Pea Protein on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global pea protein market is projected to grow at a CAGR of 13.1% over the forecast period of 2018-2024.
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North America to Influence the Global Pea Protein Market Through 2018-2024
Global Pea protein market was dominated by the North America region over the historic period of 2016. A major factor driving the North American Pea protein market is the rising demand for French-grown yellow peas, which is also branded by Roquette under the name of Nutralys. The rising importance of flexitarian diet among the majority population in the U.S. owing to increasing concerns regarding cardiovascular diseases that are associated with red meat consumption is expected to remain a favorable factor for promoting the industry growth. Additionally, increasing demand for gluten-free items in the U.S., robust growth of the sports nutrition industry and rising concerns towards cardiovascular diseases caused due to red meat consumption are important factors which are expected to positively impact market growth in near future.
Germany has the highest market share in the European region. Asia-Pacific is an emerging market in the sector due to its increasing health consciousness and the increasing influence of western culture. Asia Pacific region is expected to grow at the highest CAGR compared to other regions, and China occupies the leading market position, with India and Japan being other important high potential markets.
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Changing Lifestyle of Consumers is Driving the Market
Changing lifestyle of the consumers is the key factor driving the demand for the global pea protein market. Adoption of a healthier lifestyle due to the increasing concern for health and wellness among the consumers across the world is pushing forward the demand for the global pea protein market. In addition, the increasing concern towards lactose intolerance levels is also driving the demand for the global pea protein market. Expansion of the nutraceuticals industry and the rising demand for gluten-free products are also driving the global pea protein market. In addition, the rising consumption of meat substitutes, rising concern towards lactose intolerance levels and the optimistic outlook on the sports nutrition market are some of the major drivers for the global pea protein market.
Low Consumer Awareness About Pea Protein is Retarding the Growth of this Market
Low consumer awareness of pea proteins is a major factor inhibiting the growth of the global pea protein market. Consumers are little aware of the positive effects of pea proteins. The high cost of pea proteins along with the growing demand for other plant proteins is also restraining the market. Moreover, the rapid market penetration of animal protein is also barring the growth of the global pea protein market.
Technological Advancement is Expected to Boost the Growth of this Market
Technological advancement in extrusion and processing is anticipated to serve as a suitable opportunity for the global pea protein market. Rising market for weight management products and the improved taste of texture pea protein are also considered to be suitable opportunities for the global pea protein market.
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Recent Development: -
Roquette Inaugurated a New Pea Protein Production Unit at its Vic-sur-Asine Site
May 2018, Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, inaugurated a new production unit dedicated to specialty pea protein at its site in Vic-sur-Aisne (Hauts-de-France, France). This expansion is part of the €40 million investment plan announced in 2017 and follows a development program of a similar amount implemented since 2015. The new unit showed Roquette's determination to make its site in Vic-sur-Aisne a dedicated center of pea protein expertise.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Pea Protein.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
