Pea Protein Market
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<strong>Pea</strong> <strong>Protein</strong> <strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2018-2025
Introduction<br />
• The global pea protein market is projected to reach $176.03 million by 2025,<br />
registering a CAGR of 23.6% from 2018 to 2025<br />
• <strong>Pea</strong> protein contains all the essential amino acids required for healthy body<br />
function. It is 100% vegan and lactose-free and is safe for people with<br />
allergies or sensitivities to dairy and eggs<br />
• The global pea protein market is strongly driven by the growing demand for<br />
plant-based proteins from vegan population<br />
• Rising health consciousness, soaring multiple health benefits, and increasing<br />
demand for meat protein alternatives have increased the demand for pea<br />
protein among consumers<br />
• In terms of value, Asia-Pacific and LAMEA collectively contributed more than<br />
30% share in the global market in 2017
Key Factors of the <strong>Market</strong><br />
• Enhanced health consciousness, multiple health benefits, and increased<br />
demand for meat protein alternatives have increased the demand of pea<br />
protein in the past few years, thus propelling the growth of pea protein<br />
• Factors, such as trend of living using pea protein in various products,<br />
consistent increase in food & beverages industries, raised demand for<br />
organic-based foods, and innovations in protein-based products, have<br />
supplemented the global pea protein market growth<br />
• Inclusion of pea protein in sports nutrition and weight management<br />
products are expected to increase the popularity and demand of pea protein<br />
in the upcoming years<br />
• This growth is mainly driven by the increasing awareness among food &<br />
beverage manufacturers, rising urbanization, and growing consumer<br />
demand for pea proteins, owing to their high nutritional profile, particularly<br />
in countries, such as China, Japan, and Australia
<strong>Pea</strong> <strong>Protein</strong> <strong>Market</strong><br />
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Key Benefits of the <strong>Market</strong><br />
• The pea protein isolate segment was the highest contributor to the market<br />
in 2017, and is projected to grow at a CAGR of 22.8%<br />
• The dry based pea protein segment accounted for 72.14% and is expected<br />
to grow at the CAGR of 23.4% from 2018 to 2025<br />
• The Asia-Pacific region accounted for 18.70% of the pea protein market<br />
share in the global pea protein market in 2017 and is projected to grow at a<br />
significant CAGR of 25.0%<br />
• In 2017, China accounted for the highest pea protein market share<br />
accounting approximately for 23.1% in the Asia-Pacific region<br />
• In 2017, the dietary supplement segment generated the highest market<br />
share and is expected to grow at significant CAGR of 24.2%<br />
• The meat products & alternatives segment accounted for almost 12% share<br />
of the pea protein market in 2017
<strong>Market</strong> Segmentation
Key Players of the <strong>Market</strong><br />
• A&B Ingredients<br />
• Roquette Freres Le Romarin<br />
• Burcon Nutrascience Corporation<br />
• Cosucra Groupe Warcoing SA<br />
• Glanbia, Plc.<br />
• The Green Labs LLC<br />
• GEMEF Industries<br />
• Axiom Foods, Inc.<br />
• Puris and<br />
• Yantai Shuangta Food Co., Ltd.<br />
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