According to SPER Market Research, the Pea Protein Market is used as a vegan source of protein for various nutritional and meat substitute products. They impart anti-allergen properties which make to a healthier alternative.
Different types of peas, including split yellow peas, lentils, and chickpeas, are used to make the pea protein. Heavy machinery and expensive procedures are needed for the extraction. About 15 to 20 percent of the total amount of peas used in production are used to make the protein concentrate.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 14.2%
- Forecast Market Size (2030): 2788 Million
The WHO recommends limiting red meat consumption because it raises the risk of diabetes, cardiovascular disease, and even has carcinogenic qualities.
The isolates market is the largest type segment by share in this market. The large share of this segment is mainly ascribed by high absorption of isolate protein by the body, high nutritional value and high digestibility. North America dominated the market by regional segmentation owing to rising awareness for healthy diet, presence of key players of pea protein market, health risks associated with red meat, high nutritional value of pea protein and increasing demand for plant-based diet.
Global Pea Protein Market Insights, Size and Growth Forecast To 2030
Impact of COVID-19 on the Pea Protein Market
Both positive and negative effects of COVID-19 are felt in the pea protein market. Due to a manpower scarcity and limitations on exports and transportation, the production of pea protein is constrained. However, there has been a rise in consumer demand as well. The growing popularity of veganism in western nations encourages people to use pea protein to meet their daily protein requirements. As constraints are lifted, the supply chain is gradually being rebuilt to satisfy the demand from output.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Pea Protein Market by Type:
Pea Protein Market by Form:
Pea Protein Market by Sources:
- Split Yellow Peas
Pea Protein Market by Application:
- Meat Substitutes
- Performance Nutrition
- Functional Foods
- Bakery Products
Pea Protein Market by Region:
- North America
Key Market Players:
The global pea protein market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Axiom Foods, Inc, Burcon Nutrascience, Coscura Groupe Warcoing SA, DuPont, Emsland Group, Fenchem Inc., Ingredeion Inc., Martin & Pleasance, Nutri-Pea Ltd, Puris Foods, Rouquette Freres, Shandong Jianyuan Group, Sotexpro SA, The Green Labs LLC, The Scoular Company.
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