PUBLISHER: Value Market Research | PRODUCT CODE: 1548089
PUBLISHER: Value Market Research | PRODUCT CODE: 1548089
The global demand for Pea Protein Market is presumed to reach the market size of nearly USD 6583.06 Million by 2032 from USD 2156.8 Million in 2023 with a CAGR of 13.2% under the study period 2024-2032.
Pea protein is drawn out from green and yellow peas and utilize as some protein supplements and protein-enriched foods. It contains all the necessary amino acids, which is required for healthy body functions such as blood circulation, calcium absorption, weight management, metabolism, muscle, and blood sugar. This protein is 100% vegan and lactose-free and also safe for people with allergies to dairy and eggs. Therefore, vegetarians and vegans prefer these products to supplements with protein.
Rising popularity of meat substitutes, and issues related to lactose intolerance among adults along with high demand for gluten-free products are the key factors that drive the market demand. In addition to this, rising health awareness with nutrition enrichment and rising concerns regarding dairy and meat allergies is expected to boost the market growth during the forecast period. Though, vegan culture and strong desire of products such as plant-based protein beverages and protein snacks is anticipated to create potential opportunities for pea protein market in the coming year. However, limited data transmission range of VCSEL may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Pea Protein. The growth and trends of Pea Protein industry provide a holistic approach to this study.
This section of the Pea Protein market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Pea Protein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pea Protein market include Burcon Nutrascience, Roquette Freres, The Scoular Company, DuPont, Cosucra Groupe Warcoing SA, Nutri-Pea, Shandong Jianyuan Group, Sotexpro SA, Ingredion Inc., Axiom Foods Inc., Fenchem Inc., Martin & Pleasance, The Green Labs LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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