New York, NY -- (SBWire) -- 10/25/2018 --Owing to a majority of its application in food and beverages, dietary supplements, bakery and meat, the global pea protein market would continue to grow in developed as well as developing countries in the near future.
Growing awareness about the lifestyle and healthcare practices along with increased inclination towards wellness and weight management, pea protein is gaining heightened acceptance and popularity. Although with its distinguished benefits in post-workout muscle recovery, high nutritional profile, it is not only accepted by sports and fitness lovers but are demanded by specific consumer group who are intolerant to lactose, whey and soy. This segment of consumer band has witnessed an increase of more than 21% over the period 2014-2017, with U.S. being the significant country registering the highest share in the globe.
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Scope of the Report: The researcher assessing the Pea Protein market dive deep to unearth intangible facts related to the key restraints, opportunities, and threats expected to shape the progress of the industry during the forecast period, 2018 - 2025. Significant evaluation of other factors such as demand and supply status, import and export, distribution channel, consumption volume, and production capability play a vital role in offering business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. All important data are presented in self-explanatory charts, tables and graphic images that can be incorporated into any business presentation.
Salient Trends of the Pea Proteins Market
- About 65% human population being lactose intolerant, pea protein market has witnessed a massive shift in the recent past.
- 300% increase rate in vegan population across the world, the plant based market has witnessed a tremendous growth lately
- Increased trend of gluten free and natural products, increased inclination towards special sports nutrition- drinks and diet friendly lean meat substitutes are expected to boost pea protein market in the near future
- During the period 2015-2017, vegan adaptation rate in developed economies reached 22% and is expected to reach an estimated 31% by the end of 2023. North America and Europe account for the highest share in the adaptation rate
- Increasing prices of natural raw materials post adjustments in inflation for pea proteins
- Changing lifestyle and dependence over the ready food are increasing the demands for protein drinks and protein energy bars thereby also contributing to the surge in demand for pea protein
Companies considered and profiled in this market study
Roquette Freres, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing, Nutri-Pea Limited, Sotexpro, The Scoular Company, Yantai Shuangta Foods, inc, Farbest Brands, Shandong Jianyuan Foods Co Ltd
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Understanding the market size
The size of the Pea Protein market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Pea Protein report.
Market-O-Nomics
- The growth of pea protein in food and beverage industry is estimated to me 13.6%, in bakery industry to be 11.6% and in nutrition and dietetics to be 12.1% by 2025
- Surveys conducted indicate adaptation rate of pea proteins have witnessed a dramatic increase of 9 % in the pet food industry in the period 2016-2017.
- APAC is one of the largest producers of pea, is growing more conscious towards the health and fitness thereby driving the growth for pea protein
- Asia Pacific is projected to show significant revenue rise at an estimated CAGR of 10.1% from 2018 to 2025
- China produces around 1.11 million tons and India produces around 1 million tons of peas which makes it economical for manufacturers of to procure raw material and invest in a manufacturing unit in these developing countries
- 90% population in Asia is lactose intolerant which implies growth of this market.
- North America produces around 3.8 million tons of peas and has the highest demand of 30% in the world
- Around 5% of Europeans are lactose intolerant and Russia produces around 1.56 million
Product Scenario (Volume, Kilo Tons Revenue, USD Million; 2016–2025)
- Isolates
- Concentrates
- Textures
Structure Scenario (Volume, Kilo Tons Revenue, USD Million; 2016–2025)
- Dry
- Liquid
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016–2025)
- Food and Beverages
- Bakery
- Dietary Supplements
- Meat Extenders
- Pet Food
- Therapeutics and Cosmetics
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The research provides answers to the following key questions:
- What is the estimated size of the Pea Protein market for the forecast period, 2018 - 2025? What will be the growth rate of the industry during the estimated period?
- What are the prominent driving forces likely to impact the progress of the industry across different regions?
- Who are the major market players occupying a strong foothold in the Pea Protein market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Pea Protein market for the forecast period, 2018 - 2025?
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Pea Protein Market: Trend, Size, Share, Statistics, Growth, Increasing Demand and Forecast to 2025
According to the latest market research analysis on the “The global Pea Protein market was estimated at USD 87.68 Million in 2017 and is expected to register a CAGR of 12.8% till 2025.”, published by Reports and Data.