The global pea protein market is expected to be valued at USD 54.32 Million in 2027 from USD 33.31 Million in 2019, registering a CAGR of 6.1% through the forecast period. Pea protein is a rich source of protein derived from yellow and green split peas. It acts as a protein supplement and enhances the nutrient intake of an individual. Pea protein, typically known for its high nutritional value and low allergenicity, is widely available as powdered supplements. The protein helps reduce body weight and augment muscle mass, and it can also be used as a specialty and functional food ingredient in various food items. It is extensively used in meat substitutes, such as plant-based meat patty, confectionery, cereals, protein bars, and high-performance nutritional beverages. Pea protein isolates contain the highest protein concentration and are thus used in sports nutrition products to improve sports professionals’ athletic performance.
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The global pea protein market is poised to account for a significantly high revenue over the forecast period. The most fundamental factors propelling the growth of this market include a rise in the vegan population, increasing adoption of functional food ingredients, growing awareness about the health benefits of pea protein, and the rising usage of pea protein in sports nutrition products, health drinks, nutraceuticals, and meat alternatives. The growing prevalence of lactose intolerance among consumers, the surging use of pea protein isolates in meat substitutes, rising health & fitness trends, and augmented spending on nutritional supplements are the other vital factors stimulating the market growth.
Key findings of the report:
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For the purpose of this report, the global pea protein market has been segmented on the basis of type, form, application, distribution channel, and region:
By Type (Volume, Kilo tons; Revenue, USD Million; 2017-2027)
By Form (Volume, Kilo tons; Revenue, USD Million; 2017-2027)
By Application (Volume, Kilo tons; Revenue, USD Million; 2017-2027)
By Distribution Channel (Volume, Kilo tons; Revenue, USD Million; 2017-2027)
By Region (Volume, Kilo tons; Revenue, USD Million; 2017-2027)
Table Of Content: Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2026 Chapter 3. Indicative Metrics 3.1. Macro Indicators 3.1.1. Increasing health consciousness among individuals 3.1.2. Booming sports nutrition industry 3.1.3. Growing consumption of pea protein as an alternative to milk, soy, wheat, or egg Chapter 4. Pea Protein Market Segmentation & Impact Analysis 4.1. Pea Protein Segmentation Analysis 4.2. Pea Protein Market Value Chain Analysis, 2018-2026 4.3. Regulatory Framework 4.4. Recent Developments 4.5. Pea Protein Market Impact Analysis 4.5.1. Market Driver Analysis 4.5.1.1. Rising adoption of vegan and vegetarian food among the western population 4.5.1.2. Technological advancements in extrusion & processing 4.5.1.3. Changing consumer lifestyles and rising health concerns 4.5.1.4. Rising health awareness and increasing demand of gluten free products 4.5.1.5. Growing inclination towards preventive healthcare among developing economies 4.5.1.6. Increasing usage in the sports nutrition industry 4.5.2. Market Restraint Analysis 4.5.2.1. High prices of pea protein ingredients 4.5.2.2. Price fluctuations due to inconsistent supply 4.6. Key Opportunities Prioritized 4.7. Pea Protein Competitive Scenario 4.8. Price Trend Analysis
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