Global Pea Protein Market (2020 to 2025) - Rising Expectations From Plant-Based Proteins Presents Opportunities
DUBLIN, March 13, 2020 /PRNewswire/ -- The "Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North America, Europe, Asia Pacific, South America, and Rest of the World) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global pea protein market size is projected to grow from USD 745 Million in 2020 to USD 1,400 Million by 2025, in terms of value, recording a CAGR of 13.5%.
The rising vegan population and increasing consumer awareness regarding nutritional benefits offered by pea and pea proteins are the key factors that are projected to drive the growth of the pea protein market. Furthermore, consumer preferences are shifting toward plant-based proteins and healthier lifestyles, which are also projected to drive the market growth. However, the cost of extraction and processing of pea proteins remains high, whereas the processed outputs are lower, which is a major restraint for the market growth.
The meat substitute segment dominated the pea protein market throughout the forecasted period.
Pea protein is primarily used in plant-based meat products or as an alternative to red meat and meat-based proteins. It witnesses high use in plant-based meat products due to its functionalities. The textured pea protein is utilized in these products to give consumers meatier mouthfeel, taste, and texture. The major benefit of using pea protein in plant-based meat products include its protein content and texturizing properties. Furthermore, a majority of the population is shifting from meat-based proteins to plant-based proteins due to various health and environmental concerns. Due to these factors, the meat substitute segment is projected to dominate the market during the forecast period.
The isolates segment is projected to grow at a higher growth rate during the forecast period.
The isolates segment is projected to grow at the highest CAGR between 2020 and 2025. Isolate pea protein has the highest percentage of protein content. It has around 88%-95% of protein content and offers high-quality and high-protein alternatives for vegans and vegetarians who are lactose intolerant and allergic to dairy or other sources of proteins. Pea protein isolates are well absorbed by the body and is highly digestible (98%). This isolate is rich in Leucine, Arginine, Glutamine, and all the remaining branch chains and essential amino acids. Isolates have an array of applications that include protein shakes & beverages, soluble protein powders, performance nutrition foods, and functional foods. Due to these factors, the isolates segment is projected to dominate the market during the forecast period.
The yellow split pea segment is projected to be the fastest-growing market during the forecast period.
The yellow split peas segment is projected to grow at the highest CAGR between 2020 and 2025. The high protein content and ideal amino-acid profiles make yellow split peas an ideal source of pea protein in the industry. Yellow split peas have the highest protein content in the legume family and are adopted by a wide array of applications in the food & beverage industry. Yellow split peas are also among the key constituents for pea protein isolates. They are adopted for use in multiple food formats, including plant-based burgers and pea milk. Due to these factors, the yellow split pea segment is projected to be the fastest-growing market during the forecast period.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Overview of the Pea Protein Market
4.2 Global: Pea Protein Market, By Type
4.3 Global: Pea Protein Market, By Form
4.4 Global: Pea Protein Market, By Application
4.5 Global: Pea Protein Market, By Source
4.6 North America: Pea Protein Market, By Form
4.7 Pea Protein Market, By Region
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Vegan Population and Popularity of Plant-Based Products
5.1.1.2 Advancements in Extraction and Processing Technologies
5.1.1.3 Growing Consumer Awareness About Nutritional Benefits Offered By Pea and Pea-Based Products
5.1.1.4 Declining Demand for Meat Products Due to Disease Outbreaks
5.1.2 Restraints
5.1.2.1 High Cost of Extraction and Processing of Pea Protein
5.1.2.2 Low Processing Outputs Resulting in Limited Supply to Manufacturers
5.1.3 Opportunities
5.1.3.1 Development and Deployment of New Application Areas in Pea Protein
5.1.3.2 Lack of Allergen Properties Helping Acceptability Against Conventional Plant-Based Proteins
5.1.3.3 Advancements in Texture Properties Supporting Adoption in Baking Ingredients
5.1.3.4 Rising Expectations From Plant-Based Protein
5.1.4 Challenges
5.1.4.1 Supply Constraints Hampering Growth Prospects
5.2 Value Chain
5.3 Regulatory Framework
6 Pea Protein Market: A Comparative Analysis With Alternative Protein Sources
6.1 What is A Pea Protein?
6.2 Protein Consumption, By Source, 2018
6.2.1 What is the Need for Innovation in the Pea Protein IndUStry?
6.2.2 Comparative Analysis of Profiles of Key Plant Protein Products
6.3 What is Needed to Excel in the Pea Protein IndUStry?
6.3.1 Key Success Enablers
6.3.2 ConclUSion
7 Pea Protein Market, By Type
7.1 Introduction
8 Pea Protein Market, By Form
8.1 Introduction
8.2 Dry Textured Pea Protein
8.3 Wet Textured Pea Protein
9 Pea Protein Market, By Application
9.1 Introduction
9.2 Meat Substitutes
9.2.1 Concerns Over Ethical Sourcing and SUStainability Drive the Demand for Pea Protein in Meat Substitutes
9.3 Performance Nutrition
9.3.1 Increasing Cases of Lactose-Intolerance and Growing Adoption in Supplements Drive the Adoption of Pea Protein in Performance Nutrition
9.4 Functional Foods
9.4.1 Growing Awareness Toward the Functional Benefits of Pea Protein Supports Growth in Functional Foods
9.5 Snacks
9.5.1 Demand for Healthy Snacking Alternatives Drives the Demand for Pea Proteins in Snacks
9.6 Beverages
9.6.1 Easy Solubility and Adoption in Plant-Based Beverages to Support Pea Protein Growth
9.7 Bakery Products
9.7.1 Demand for Healthy Alternatives Driving the USe of Pea Protein in Baking Applications
9.8 Confectionery
9.8.1 Consumer Demand for Healthier Confectionery Products Leading to the Introduction of Pea Protein in Ingredient Formats
10 Pea Protein Market, By Source
10.1 Introduction
10.2 Yellow Split Peas
10.3 Chickpeas
10.4 Lentils
11 Pea Protein Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Adoption of Healthy Food Habits for Weight Management has CaUSed the Pea Protein Market to Flourish
11.2.2 Canada
11.2.2.1 Canada is Experiencing Fast Growth and Expansion in the Pea Protein Market, Driven By High Production Volumes of Dry Pea
11.2.3 Mexico
11.2.3.1 Evolving Consumer Preferences Expected to Drive the Pea Protein Market in Mexico
11.3 Europe
11.3.1 France
11.3.1.1 Strong Production and Processing Prospects to Drive the Pea Protein Market
11.3.2 Denmark
11.3.2.1 Investments and Production Facilities to Contribute to Pea Protein Growth in Denmark
11.3.3 Germany
11.3.3.1 Growing Consumer Preference for Plant-Based Foods to Drive the Demand for Pea Proteins in Germany
11.3.4 UK
11.3.4.1 Changing Consumer Tastes and Preferences to Drive Pea Protein Consumption in the UK
11.3.5 Spain
11.3.5.1 Strong Agricultural Outputs and Changing Consumer Preferences to Drive Pea Protein Consumption in Spain
11.3.6 Netherlands
11.3.6.1 Changing Consumer Preferences and New Product Launches to Drive the Growth of the Pea Protein Market in the Netherlands
11.3.7 Italy
11.3.7.1 Strong Competition From Conventional Protein Sources to Drive the Demand for Pea Protein in Italy
11.3.8 Finland
11.3.8.1 Vegan Trends and Increasing Manufacturer Presence to Drive the Pea Protein Market in Finland
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Rising Demand for Meat Protein Substitutes Driving the Pea Protein Market in China
11.4.2 India
11.4.2.1 Preference for Fitness Among the Youth Propelling the Market for Pea Protein
11.4.3 Japan
11.4.3.1 The Increasing Vegan Culture has Led the Country to Be A Lucrative Market for Pea Protein
11.4.4 Australia & New Zealand
11.4.4.1 Rising Environmental Concerns are Making the Plant-Based Food Segment in Australia & New Zealand Grow at A Faster Speed
11.4.5 Rest of Asia Pacific
11.4.5.1 Changing Consumer Lifestyle and Demand for Sports Nutrition are Major Driving Factors
11.5 South America
11.5.1 Brazil
11.5.1.1 Increase in Demand for Meat Alternatives and Sports Nutrition Driving the Market
11.5.2 Argentina
11.5.2.1 Growing Vegan Lifestyle in Argentina Influencing Market Growth
11.5.3 Rest of South America
11.6 Rest of the World (Row)
11.6.1 Middle East
11.6.1.1 Increasing Sports Activities and A Positive Outlook Toward Vegan Lifestyles of CUStomers Propelling the Market
11.6.2 Africa
11.6.2.1 Easy Availability of Raw Material and Increase in Awareness About Health Benefits Associated With A Plant-Based Diet Expected to Drive the Market
12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
12.3 Ranking of Key Players, 2019
12.4 Competitive Scenario
12.4.1 New Product Launches & Approvals
12.4.2 Expansions & Investments
12.4.3 Acquisitions
12.4.4 Partnerships, Collaborations, and Joint Ventures
13 Company Profiles
13.1 Roquette Freres
13.2 Ingredion Incorporated
13.3 Puris
13.4 Emsland Group
13.5 Fenchem Inc.
13.6 Dupont
13.7 A&B Ingredients
13.8 Glanbia Plc
13.9 The Scoular Company
13.10 Axiom Foods Inc
13.11 Burcon Nutrascience Corp
13.12 Cosucra Groupe Warcoing
13.13 Sotexpro
13.14 Shandong Jianyuan Foods Co., Ltd.
13.15 Yan Tai Shuang Ta Food Co Ltd.
13.16 Kerry Inc
13.17 Et-Chem
13.18 Batory Foods
13.19 AGT Foods
13.20 The Green Labs LLC
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