Pea Protein Market Growth Accelerated by Increased Demand for Plant-Based Protein Alternatives

Global Pea Protein Market was valued at US$ 31.80 Mn in 2019 and is expected to reach US$ 180.35 Mn by 2027, at a CAGR of 24.23 % during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.

Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.

The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

It is also used as a substitute to protein derived from dairy products includes cheese and yogurt.Shifting lifestyle by accommodating a healthier lifestyle, growing anxiety towards lactose intolerance, enlargement of nutraceutical industries, and high requirement for gluten-free products are expected to dominate the pea protein market.

Furthermore, lack of awareness among populace concerning pea protein is expected to limiting the growth in the global pea protein market.The objective of the report is to present a comprehensive assessment of the global pea protein market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology.

The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size.

 The report "Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North America, Europe, Asia Pacific, South America, and Rest of the World) - Global Forecast to 2025" The pea protein market is projected to grow from USD 745 million in 2020 to USD 1,400 million by 2025, recording a compound annual growth rate (CAGR) of 13.5% during the forecast period.

Key factors driving the growth of the pea protein market include the growing vegan population and the functional benefits and allergen-friendly nature of pea protein in food and beverage products.The textured subsegment, on the basis of type, is projected to be the fastest-growing segment in the pea protein market during the forecast period.Textured pea protein contains a high amount of amino acids and has better levels of lysine and glutamine than other plant-based proteins.

Textured pea protein is a healthy alternative to textured soy protein, as it caters to allergen issues, sustainability issues, estrogen issues, and concerns over GMO (Genetically Modified) soybean.

It also contains both soluble and insoluble fiber, mostly constituted by pectic substances and hemicellulose.

The fiber provides not only healthy nutritional benefits but also many functional attributes to food systems.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36916504The meat substitutes subsegment is projected to account for the largest share in the pea protein market during the forecast period.Pea protein is used as a key ingredient in the manufacturing of meat substitute products, such as burgers, sausages, and other product types.

Companies, such as Rouquette Freres (France), Emsland Group (Germany), and Cosucra Group (Belgium), are the key players operating in this market and focus on catering to the demands for pea protein in Europe.

The market intelligence report on the Pea Protein industry offers the readers an extensive assessment of the sector, along with the potential growth of the same to be expected in the coming years.

In the study, 2016 and 2017 have been referred to for determining the past performance, while 2018 has been assumed as the base year to predict the trajectory of the progress of the industry during the forecast years from 2020 to 2026.

The report is aimed at helping the reader get a holistic view of the market with all crucial aspects in order to decipher optimum business plans.To get Free Sample Report Copy click here @ https://www.reportsanddata.com/sample-enquiry-form/1033Scope of the Report:The report underlines the market trends drawn after the assessment of the past data gathered from 2016 and 2017 and performs a comprehensive study of the trends in the sector to derive market insights and calculate the CAGR that can be expected in the forecast years.

The report also scrutinizes the financial performance, novel technologies, and strategic expansion undertaken by the company, which includes mergers and acquisitions and collaborations.

The study also outlines the technological advancements in the sector, especially those credited to top companies in the industry.

The report categorizes the industry by inspecting the competitive landscape in the global setting and individually profiling key players and new entrants engaged in the sector.In market segmentation by manufacturers, the report covers the following companies-Nutri-Pea Limited, Cosucra Groupe Warcoing, Roquette Frères, Sotexpro, Fenchem Biotek Ltd, Glanbia Plc, Yantai Shuangta Food Co, Prinova Group LLC, Burcon Nutrascience, AGT Food & Ingredients, Inc., Yantai T Full Biotech Co. Ltd., World Food Processing LLC., Suzhou Wanshen Flour Products Co, Yantai Shuangta Food Co, Shandong Huatai Food, Shandong Jindu Talin Foods Co, Shandong Jianyuan Foods Co Yantai Oriental Protein Tech Co, and Axiom Foods Inc. among others.For the purpose of this report, Reports and Data has segmented global Market on the basis of type, form, distribution channels, application, and region:Type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)IsolatesConcentratesTexturedForm Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)Powder (Dry)Paste (Wet)Distribution Channels Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)SupermarketsHealth StoresOnline StoresOthersApplications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)BeveragesBakery products & snacksConfectioneryMeat applicationsNutritional supplementsOthersRegional Outlook (Revenue in USD Million; 2016–2026)North AmericaEuropeAsia PacificLatin AmericaMEARead More about Pea Protein Market @ https://www.reportsanddata.com/report-detail/pea-protein-marketTo give better clarity of the market scenario, the report also analyzes customer preferences, the increasing levels of disposable incomes, and how these critical aspects can affect the global market scenario.