North America Pea Derivatives Market Size, Share & Industry Trends Analysis Report By Application (Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, and Others), By Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Pea Derivatives Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
Pea and pea derivatives have several positive health effects, including a decrease in the incidence of colon cancer and an increase in type 2 diabetes, cardiovascular disease, and LDL cholesterol. Using centrifugation as part of a physical separation process, chloroplast-rich fractions are separated from pea vine haulm. In addition, various processing techniques, including soaking, fermentation, pasteurization, and germination, and the incorporation of cutting-edge technologies like ultrasonication or pulse electric field, have notably impacted the effectiveness by enhancing the nutritional quality and technologically functional properties of peas as well as their protein.
Functional foods are nutrient-added foods that positively impact biological metabolic functions and enhance general health. Legume byproducts typically have greater dry matter digestibilities, which results in more energy being released for metabolism. Peapod-fortified meals are now regarded as functional foods because they have a good amount of fiber and necessary minerals.
Pea pods have a protein denaturing characteristic that exhibits anti-cholinesterase activity as well as an anti-inflammatory effect. Additionally, due to the pea's potent anti-diabetic properties, it exhibits protective effects against various disorders, including reproductive damage and alloxan-induced liver and kidney problems. As a result, it boosts the activity of enzymes that act as antioxidants, has anti-inflammatory properties, and inhibits the oxidation of lipids, all of which are beneficial to health.
One of the important marketplaces for bakery, snack, and savory foods has recently formed in the US. In addition, the US consumer base is becoming more concerned about their health, driving demand for snacks, bakery, and savory prod ucts with healthy ingredients. The growing need for nutrient-dense food components has caused the market to grow. Similarly, the consumption of vegetable proteins is anticipated to be increasing in North America. Its expansion is brought about by rising consumer spending power and production that considers environmental and sustainable concerns. This will fuel market expansion.
The US market dominated the North America Pea Derivatives Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,241.4 million by 2028. The Canada market is poised to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.5% during (2022 - 2028).
Based on Application, the market is segmented into Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, and Others. Based on Type, the market is segmented into Pea Protein (EIsolates, Concentrates, Textured and Hydrolysate), Pea Starch, Pea Fiber and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Pea Derivatives Market is Projected to reach USD 5 Billion by 2028, at a CAGR of 10.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include International Flavors & Fragrances, Inc., Roquette Freres SA, PURIS, NutriPea LP (G.S. Dunn Dry Mustard Millers), The Scoular Company, Fenchem Biotek Ltd., The Green Labs LLC, COSUCRA Groupe Warcoing S.A., Burcon NutraScience Corporation, and Sotexpro (GEMEF Industries).
Scope of the Study
Market Segments Covered in the Report:
- Meat Substitutes
- Bakery Goods
- Dietary Supplements
- Pea Protein
- Pea Starch
- Pea Fiber
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- International Flavors & Fragrances, Inc.
- Roquette Freres SA
- NutriPea LP (G.S. Dunn Dry Mustard Millers)
- The Scoular Company
- Fenchem Biotek Ltd.
- The Green Labs LLC
- COSUCRA Groupe Warcoing S.A.
- Burcon NutraScience Corporation
- Sotexpro (GEMEF Industries)
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