Press Release Description

Growing Inclination toward Vegan Food Worldwide to Drive the Pea Protein Market through 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, states MarkNtel Advisors in their recent research report. It attributes primarily to the burgeoning inclination toward adopting vegan food alternatives and the mounting awareness about the various benefits of consuming healthy & nutrient-rich food for an active lifestyle. 

Pea protein promotes weight loss, improves muscle growth, and boosts heart health, among other health benefits. It, in turn, is propelling their demand among the health-conscious population and driving the global market through 2030. Besides, the mounting food requirements are amongst the prominent aspects instigating the development of the agriculture sector across different regions to increase crop production. 

As a result, it is generating profitability for the leading players to enhance their production & consumption chains, which would further accelerate the market growth in the coming years, further states the research report, “Global Pea Protein Market Analysis, 2024.”

Mounting Prevalence of Gluten-Free Products to Boost the Global Market

The growing awareness about the benefits of isolates to provide nutritional value in food like meat products, energy drinks, etc., is driving the market. Additionally, the inclination of people toward gluten-free products due to their benefits like weight loss, the prevention of celiac disease, & other medical conditions shall further soar the demand for isolates in the coming years. These isolates are made from the out shell of the pea by grinding it into gluten-free flour.

Besides, the low fat and high fiber & protein value in pea isolates are augmenting their demand among the health-conscious population & further making a positive influence on the overall market growth. Moreover, the surging demand for gluten-free products from people across different regions is another vital factor generating lucrative growth opportunities for the leading market players through 2030. Companies like Cadbury & Amway are among the prominent consumers of pea isolates to produce gluten-free products.

Global Pea Protein Market

Rapidly Expanding Agriculture Sector across Asia-Pacific to Contribute Significantly to the Market Growth

The increasing food requirements of the exponentially growing population, especially across countries like China & India, entwined with burgeoning consumer awareness & preferences toward nutrient-rich food products, are driving the market across Asia-Pacific. As a result, there is a substantial rise in the production of peas to attain pea protein & suffice the growing food requirements across the region. 

Additionally, the escalating demand for food substitutes & allergen-friendly sports & fitness supplements is another prominent aspect promoting the regional market growth. Besides, the mounting focus of governments of China & India on expanding their respective agriculture industries is displaying the presence of favorable policies in these countries. As a result, it would generate numerous growth opportunities for the leading players in the regional market through 2030, reveals MarkNtel Advisors in their research report, “Global Pea Protein Market Analysis, 2024.”

Leading Companies in the Market

According to MarkNtel Advisors, the leading companies in the Pea Protein Market are 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, and Nutri-Pea Limited.

Key Questions Answered in the Study

  1. What are the current & future trends in the Global Pea Protein Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across different countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Pea Protein Market?
  5. What are the customer orientation, purchase behavior, and expectations from pea protein producers across different regions?

Market Segmentation:

  1. By Form (Dry, Liquid)
  2. By Type (Isolates, Textured, Concentrates)
  3. By Sources (Chickpeas, Yellow Split Peas, Lentils)
  4. By Application (Performance Nutrition, Meat Substitutes, Functional Foods, Snacks, Bakery Products, Beverages, Confectionery)
  5. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)

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