The Pea Protein Market is set to grow at around 8% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It includes a thorough analysis of the most recent trends, developments, drivers, restraints, challenges, and opportunities in the market as well as a projection of how the market will grow across various segments and regions over the coming years.
This study also provides a detailed analysis of the industry, including market size, revenue distribution, and expansion prospects, taking into account all relevant market segments and statistical information. According to various discussed segment types, the study breaks into the market size, characteristics, and growth. The status of market development and market trends are also studied in the report. Additionally, it divides the market into categories for detailed analysis that reveals the market characteristics and future possibilities.
The Market Report Highlights:
➤Evaluation of the market
➤Impact analysis for COVID
➤Historical data, projections, and estimates
➤Regional and Dynamics
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Pea Protein Market Growth Drivers –
- Increasing Cases of Lactose Intolerance
Because Pea Protein is a non-allergen component, it also falls into the gluten and lactose-free food category. As a result, an increasing number of people with lactose intolerance are turning to pea protein. It is creating enormous growth opportunities for the Global Pea Protein Market’s leading players to introduce new products and expand their product portfolio and scalability.
On the other hand, the global vegan population is growing, increasing the demand for more pea protein production capacity. As a result, the leading players are experiencing significant profitability and forecasting significant growth potential for the Pea Protein Market through 2026.
Pea Protein Market Upcoming Challenges –
- Abundant Availability of Pea Protein Alternatives
The numerous advantages of pea protein are contributing to its increasing demand in various parts of the world. However, the widespread availability of other protein sources such as soy, hemp, rice, pumpkin, chia, sunflower, and others may act as significant growth restraints for the Global Pea Protein Market between 2021 and 2026. Furthermore, the cost of organic products is relatively higher than that of conventional products, which adds another factor that may reduce demand for pea proteins among cost-conscious consumers and impede market expansion in the coming years.
Pea Protein Market Segment Analysis:
The segmentation analysis section of the report focuses on the Pea Protein Market performance across various segments & geographies, which can help stakeholders plan their investments in order to increase their visibility, product portfolio, and clientele, which will ultimately lead to significant revenue generation in the forecast years.
Market Distributed into, By Form
Market Distributed into, By Type
Market Distributed into, By Source
-Yellow Split Peas
Market Distributed into, By Application
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Regional Landscape –
In terms of the Geographical front, the Pea Protein Market expands across the following region: –
-Middle East & Africa
The effect of COVID-19 on market demand is considered when determining market size and growth trends for all regions and countries based on the following information:
- ➤Global & Regional Impact Assessment of COVID-19 Pandemic
- ➤Market Revenue Forecast by 2022-2027
- ➤Key Strategies employed by Companies to Tackle COVID-19
- ➤Long Term & Short-Term Dynamics
This section contains comprehensive data on a number of key market competitors, as well as information on recent changes, market contributions, and effective marketing methods. The report also provides a dashboard summary of the historical and current performance of the top corporations. The research report employs a number of approaches and analyses to offer comprehensive and reliable market data. The market study offers market growth prospects, drivers, opportunities, industry-specific risks and challenges, market share, and market growth rates.
In a fluent manner, the study also discusses key financial deals, import-export commerce, and the state of the world markets. Industry-specific SWOT analysis, Industry Concentration Ratio, and the most recent market share changes are all presented statistically in the form of tables, figures, graphs, and charts for simple comprehension.
The companies profiled in the Pea Protein Market report are: –
-Puris Protein Llc
-Axiom Foods Inc
-Burcon Nutrascience Corp
-Cosucra Groupe Warcoing
-Shandong Jianyuan Foods Co., Ltd.
-Yan Tai Shuang Ta Food Co Ltd.
-The Green Labs Llc
Market Development by Leading Companies –
- In February 2018, DuPont inaugurated a new development facility, the Bay Area Innovation Center (BAIC), for agricultural biotechnology discovery. The leader declared the expansion of its plant-based protein product and introduced six new plant protein nuggets in its product portfolio under the name TRUPRO 2000 Pea Protein.
- In 2017, Axiom Foods Inc. introduced a new product called Vegotein MA in Las Vegas. This product is a non-GMO pea protein analog and a replacement for meat.
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