DUBLIN, Nov. 13, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/b8x63n/pea_protein) has announced the addition of the "Pea Protein Market by Type (Isolates, Concentrates, Textured), Application, Textured Pea Protein by Form (Dry, Wet), & by Region - Global Trends & Forecast to 2020" report to their offering.
The market for pea protein is projected to reach USD 34.8 Million by 2020, with the increasing awareness about healthy food products and high nutritional profile of pea protein.
The primary factors driving the pea protein market are the rising vegan/vegetarian population and high nutritional profile of pea protein. Also, there is a growing popularity of meat substitutes and rising demand for gluten-free products, which are also driving the demand for pea protein products. Pea protein is procured through dry milling of yellow peas. With no use of chemical solvents in the extrusion process, it enables to maintain the functional and the nutritional value of pea. This is in line with the rise in worldwide demand for nutritional ingredients in the food industry. The demand for nutritional ingredients is governed by the performance quality, their incorporation in food processing, and regulations imposed by international and local governments on food manufacturers.
The changing lifestyles and health concerns, especially in developing regions such as Asia-Pacific, drive the market for pea protein. This has resulted in increasing focus of key pea protein manufacturers to provide superior quality and highly nutritional ingredients through the incorporation of advanced technologies. This is projected to influence the pea protein market size.
The pea protein market is segmented on the basis of type into isolates, concentrates, and textured. The textured pea protein market is segmented on the basis of form into dry textured and wet textured. On the basis of application, the pea protein market is classified into meat extenders & analogs, snacks & bakery products, nutritional supplements, beverages, and others that include meat enhancers and confectionery.
The market is also segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW); this has been further segmented on the basis of their key countries.
The pea protein market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted new product developments, expansions, and agreements as their preferred strategies. Companies such as Roquette Frères (France), Burcon Nutrascience Corporation (Canada), Cosucra Groupe Warcoing (Belgium), Nutri-Pea Limited (Canada), and Sotexpro (France) have been profiled in the report.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pea Protein Market, By Type
8 Textured Pea Protein Market, By Form
9 Pea Protein Market, By Application
10 Pea Protein Market, By Region
11 Competitive Landscape
12 Company Profiles
- Axiom Foods, Inc.
- Burcon Nutrascience Corporation
- Cosucra Groupe Warcoing
- Farbest Brands
- Nutri-Pea Limited
- Roquette Frères
- Shandong Jianyuan Foods Co., Ltd.
- the Scoular Company
- Yantai Shuangta Food Co., Ltd.
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SOURCE Research and Markets