The report forecasts the global pea protein market to grow at a CAGR of 8.83% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A major trend which will boost market growth is the use of pea proteins as an alternative protein source in pet foods. Being versatile and palatable, pea protein and fiber products have replaced beet pulp, wheat, corn, and other cheap fillers in pet food formulas. Pea fiber is light colored and odorless can be used with both wet and dry ingredients; it binds water and fat and is used as a thickener in wet food. Pea starch meal can partially or totally replace carbohydrate sources like cereals, whole peas, and potato starches. With an excellent chemical profile, pea protein is a healthy, natural, and hypoallergenic protein and starch source for pet nutrition.
According to the report, a key growth driver is the demand for high protein products. Pea protein has a protein content of 85%, which is significantly higher than other vegetable proteins. With protein levels comparable to that of animal sources, it adequately meets the nutritional needs of the vegetarian and vegan populations. Pea protein and other plant proteins like rice and wheat have complementary amino acid profiles, and when combined, they offer enhanced nutritional benefits. It has an excellent profile of essential and non-essential amino acids like lysine and glutamine.
Further, the report states that one challenge that could restrict market growth is the issue surrounding the formulation and usage of pea protein in products.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Axiom Foods
- Glanbia Nutritionals
- A&B Ingredients
- Farbest Brands
- Martin & Pleasance
- Norben Company
- NOW Foods
- Shandong Jianyuan Foods
- The Scoular
- Yantai Shuangta Food
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: About the Author
For more information visit http://www.researchandmarkets.com/research/wbg9dm/global_pea
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SOURCE Research and Markets