Asia Pacific Pea Protein Market Valued at USD 302 Million in 2023, Projected to Grow at a 7.3% CAGR to Reach Nearly USD 494.54 Million by 2030

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Asia Pacific Pea Protein Market Overviews

Asia Pacific Pea Protein Market size was valued at USD 302 Mn. in 2023 and the total Asia Pacific Pea Protein Market revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 494.54 Mn.

Pea is recognized as an essential nutritional resource, rich in protein, starch, and fiber. Its protein is highly regarded for its quality and has gained global prominence due to its low allergenicity, sustainability, and cost-effectiveness. Pea protein exhibits remarkable functional properties, such as solubility, mixability, and viscosity, which have contributed to its growing popularity in the food industry.

Innovative extraction methods, including chemical-free dry fractionation, have emerged, providing a cost-effective approach with minimal environmental impact. This exploration delves into the complexities of pea protein, discussing various extraction techniques, its chemical composition, functional attributes, and modification methods. It also highlights its wide-ranging applications, from food emulsifiers to dairy and meat products, demonstrating its versatility and promising potential in the food sector.

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Asia Pacific Pea Protein Market Scope and Methodology:

The Asia Pacific Pea Protein Market is experiencing a significant increase in demand, fueled by growing health consciousness among consumers. With rising concerns about chronic diseases, many individuals are choosing healthier food options, and plant-based proteins like pea protein are gaining popularity due to their lower saturated fat and cholesterol content. The growing interest in preventive healthcare further enhances the demand for pea protein, indicating a broader shift toward healthier lifestyles. Additionally, changing dietary preferences, particularly the rise of vegetarianism and veganism in countries like India and China, are driving the demand for plant-based proteins in the Asia Pacific Pea Protein Market.

Asia Pacific Pea Protein Market Regional Insights

China, the leading pea producer in the Asia Pacific maintains its status as the region’s leading pea protein market, displaying a consistent and growing Compound Annual Growth Rate (CAGR). India, an emerging pea protein market, holds vast potential driven by its expansive and increasing population, rising disposable income, and a growing emphasis on health and wellness. Increasing health awareness drives the shift to plant-based proteins, with pea protein gaining traction in functional foods for added health benefits. The region’s rising vegan and vegetarian population fuels demand for the Asia Pacific Pea Protein industry.

Asia Pacific Pea ProteinMarket Segmentation

By Product: In 2023, the Concentrates segment captured the largest market share, accounting for approximately 55% of the Asia Pacific Pea Protein Market. According to the STELLAR analysis, this segment is projected to grow at a CAGR of 7.4% during the forecast period. The rapid technological advancements and the increasing adoption of smart devices with data connectivity and integration have contributed to the Concentrates segment’s dominance within the Asia Pacific Pea Protein Market.

Asia Pacific Pea Protein Market Key Players

Archer Daniels Midland Company
Cargill, Incorporated
Ingredion Incorporated
International Flavors & Fragrances Inc.
Kerry Group PLC
Roquette Frères
Cosucra Groupe Warcoing SA

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Key questions answered in the Asia Pacific Pea Protein Market are:

What is Asia Pacific Pea Protein ?
What was the Asia Pacific Pea Protein market size in 2023?
What is the growth rate of the Asia Pacific Pea Protein Market?
Which are the factors expected to drive the Asia Pacific Pea Protein market growth?
What are the different segments of the Asia Pacific Pea Protein Market?
What growth strategies are the players considering to increase their presence in Asia Pacific Pea Protein ?
What are the upcoming industry applications and trends for the Asia Pacific Pea Protein Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Asia Pacific Pea Protein Market?
Who are the leading companies and what are their portfolios in Asia Pacific Pea Protein Market?
What segments are covered in the Asia Pacific Pea Protein Market?
Who are the key players in the Asia Pacific Pea Protein market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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