According to a recent survey conducted by ChemView Consulting, the Global Textured Pea Protein Market grew at a CAGR of 6.1% between 2017-2021 and is estimated to be US$ 479.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.9% and is expected to reach a valuation of US$ 933.9 Mn by 2032 end.
The Growth will be driven by increased demand for the product due to growing consumer awareness of healthy eating and active lifestyles. Furthermore, increasing product innovations in manufacturing that offer specific functions such as energy balance, weight loss, muscle repair and satiety are expected to create enormous market potential. It is extracted from several pea varieties, including chickpeas, and is available in a concentrated, textured, isolated form.
In recent years, the consumption of high-protein diets has increased rapidly due to the growing health consciousness of consumers around the world. Consumers are turning to packaged foods for nutrients due to their increasingly hectic lifestyles, creating huge opportunities for all sorts of alternatives, including pew protein powders. The main factors behind the adoption of . As a result, increasing consumer interest in sports nutrition products is also expected to drive the expansion of the pea protein market in the projected years.
Changing customer needs and growing interest in non-GMO, gluten-free, and hexane-free products are expected to fuel the research and development of the pea protein market, driving its growth. The cost of organic pea protein is highly dependent on the product manufacturing process, product characteristics and the cost of obtaining multiple licenses, creating opportunities for new entrants.
Pea protein is under threat of substitution by alternative ingredients such as hemp, soybeans and whey. Rice protein is another ingredient that is gaining attention worldwide. Nutritionally, both pea and rice proteins contain similar protein levels (typically 15-22 grams per 100-calorie serving), are gluten-free and allergy-friendly. Whey protein consumption is increasing due to its benefits. B. Stimulation of muscle growth and easy digestibility limit the use of pea protein, thereby hindering market growth.
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A list of some of the key suppliers present in the market are:
- Rouquette Freres
- DuPont
- Puris Foods
- Ingredion
- Emsland Group
- Fenchem Inc
- The Green Labs LLC
- A&B Ingredients
- Glanbia PLC
- Axiom Foods Inc
- The Scoular Company
- Burcon Nutrascience Corp Cosucra Groupe Warcoing
- SotexPro
- AGT Foods
- Shandong Jianyuan Foods Co., Ltd.
- Yan Tai Shuang Ta Food Co.Ltd
- Kerry Inc
- Batory Foods
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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