According to a new report Global Pea Protein Market, published by KBV research, The Global Pea Protein Market size is expected to reach $431 Million by 2026, rising at a market growth of 18.6% CAGR during the forecast period.
In 2019, Dietary supplements procured the maximum revenue share of the global pea protein market. Pea protein is included in tablets, cereal bars, nutritional syrups, energy powders, and soups due to several health advantages, like muscle development, bone health enhancement, and controlled blood sugar levels. The growth of the segment would be boosted by the increasing demand for sports nutrition products due to the rising awareness about bone health and muscle growth.
The concentrates segment would display a major growth rate during the forecast period. Pea protein concentrate has various characteristics, like better digestibility and good emulsification, which fuel their usage in weight control and dietary supplement applications. In addition, these concentrates are slowly integrated in bakery items including cakes & pastries, with an aim to give good flavor and dry-texture. Strong manufacturing facilities for bakery items in economies like France and Germany, owing to proximity with equipment makers and easy accessibility to wheat and rice as raw materials, would improve the application of concentrates throughout the forecast years.
Asia-Pacific would showcase the faster growth rate in the pea protein market throughout the forecast period. This can be credited to the increasing consumption of nutrient-fortified functional food items. Increasing demand for allergen-friendly sports & fitness supplements and meat substitutes would create new growth avenues for the regional market. Supportive regulations in China and India focused on the growth of the agricultural sector will create sufficient raw material supply for the makers.
Full Report: https://www.kbvresearch.com/pea-protein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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