The Asia Pacific Pea Protein Market would witness market growth of 20% CAGR during the forecast period (2020-2026). The nutraceutical supplements sector is developing and has a dynamic landscape that provides attractive opportunities to align consumer preferences and exploration to improve human health.
As this sector monitors consumer patterns, nutraceutical items majorly respond to consumer purchasing patterns, hence supporting leading companies operating in the industry to promote their products to their target audience in an efficient manner. These factors are likely to boost product demand around the world.
The rising utilization of healthy foods supported by changing consumer inclinations has been augmenting the market growth. In addition, the product utilization in meat substitutes offers the needed nutrition; hence, many kinds of fake seafood, beef, and chicken producers are majorly including legume-based protein ingredients in their formulations.
Due to the rising prominence of gluten-free products, the growth of the market would witness a boost during the forecast period. A considerable number of consumers, majorly in regions like North America and Europe, are inclined towards gluten-free products to decrease the symptoms of gluten-intolerance and celiac disease. From a manufacturing point of view, gluten elimination also assists in attaining superior volume, production cost, and texture from food items.
The Dietary Supplements market dominated the Malaysia Pea Protein Market by Application in 2019, thereby, achieving a market value of $1,944.1 Thousands by 2026. The Bakery Goods market is showcasing a CAGR of 20.5% during (2020 - 2026). Additionally, The Meat Substitutes market is estimated to grow at a CAGR of 22.9% during (2020 - 2026).
Based on Application, the market is segmented into Dietary Supplements, Bakery Goods, Meat Substitutes, Beverage and Other Applications. Based on Product, the market is segmented into Isolates, Concentrates, Textured and Hydrolysate. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Pea Protein Market in Asia Pacific is expected to register a CAGR of 20% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Glanbia PLC, DuPont de Nemours, Inc., Ingredion, Incorporated, Roquette Freres, The Green Labs LLC, Fenchem Biotek Ltd., A&B Ingredients, Inc., The Scoular Company, Axiom Foods, Inc., and Emsland Group.
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