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Global Pea Protein Market Study 2019-2025 - Market Set to Exceed $444M by 2025, Driven by Rising Soy-Free and Gluten-Free Trends - ResearchAndMarkets.com

January 31, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 31, 2020--

The “Pea Protein Market by Type (Pea Protein Isolate, Pea Protein Concentrate), Application (Nutrition and Health Supplements; Bakery, Cereals, and Snacks; Meat Products and Alternatives; Beverages), and Geography - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

In terms of value, the global pea protein market is expected to reach $444.7 million by 2025, at a CAGR of 13% during the forecast period of 2019 to 2025; whereas, in terms of volume, this market is expected to grow at a CAGR of 10.2% from 2019 to 2025 to reach 338.6 thousand MT by 2025.

The global pea protein market is majorly driven by factors such as pea protein’s functional and nutritional properties, increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, growing investments by key players, and increasing soy free and gluten free trends. Moreover, growing inclination towards vegan diet and emerging economics such as Southeast Asia, Latin America, and the Middle East & Africa provide significant growth opportunities for the pea protein suppliers in the coming years.

The study offers a comprehensive analysis of the global pea protein market with respect to various types.

The global pea protein market is segmented on the basis of type (pea protein isolate, pea protein concentrate, and others), application (nutrition and health supplements; bakery, cereals, and snacks; meat products and alternatives; beverages; and others), and geography.

Based on type, pea protein isolate is estimated to hold the largest share of the overall pea protein market in 2019. The large share of this segment is mainly attributed to its high protein content as well as high emulsification and stability properties. Pea protein isolate provides key formulation functionality while helping manufacturers create in-demand, high protein products to meet consumer demand. Moreover, pea protein concentrate segment is also expected to witness significant growth during the forecast period.

Geographically, Asia-Pacific region is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly attributed to the increasing awareness about the protein rich diet, rising health consciousness, rapidly growing food & beverages and health supplement industry, growing population and urbanization, and large base of vegan population.

The key players operating in the global pea protein market are:

Roquette Freres Le Romarin (France), AGT Food and Ingredients Inc. (Canada), Cargill, Incorporated, (U.S.), Verdient Foods Inc. (Canada), Anchor Ingredients Co., LLC (U.S.), E.I. Dupont De Nemours and Company (U.S.), Ingredion Inc. (U.S.), Kerry Group (Ireland), NOW Health Group, Inc. (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), and Emsland Starke GmbH (Germany) among others.

Key Topics Covered

1. Introduction

1.1. Market Ecosystem

1.2. Currency and Limitations

1.2.1. Currency

1.2.2. Limitations

1.3. Key Stakeholders

2. Research Methodology

2.1. Research Process

2.1.1. Secondary Research

2.1.2. Primary Research

2.1.3. Market Size Estimation

3. Executive Summary

4. Market Insights

4.1. Introduction

4.2. Drivers

4.2.1. Increasing Awareness about the Benefits of Protein and Growing Demand for Protein Rich Diet

4.2.2. Growing Health and Wellness Trend

4.2.3. Increasing Consumers Focus on Meat Alternatives

4.2.4. Growing Demand from Food and Beverage Industry

4.2.5. Increasing Soy-Free and Gluten-Free Trend

4.3. Restraints

4.3.1. Significant Preference for Animal-Based Protein

4.3.2. Consumer Preference to other Plant Proteins over Pea Protein

4.4. Opportunities

4.4.1. Increasing Inclination towards Vegan Diet

4.4.2. Emerging Economies - Southeast Asia, Latin America, and the Middle East & Africa

5. Global Pea Protein Market, by Type

5.1. Introduction

5.1.1. Pea Protein Isolate

5.1.2. Pea Protein Concentrate

5.1.3. Others

6. Global Pea Protein Market, by Application

6.1. Introduction

6.2. Nutrition and Health Supplements

6.3. Bakery, Cereals, and Snacks

6.4. Meat Products and Alternatives

6.5. Beverages

6.6. Others

7. Pea Protein Market, by Geography

7.1. Introduction

7.2. North America

7.3. Europe

7.4. Asia-Pacific

7.5. Rest of World

8. Competitive Landscape

8.1. Introduction

8.2. Expansions

8.3. Partnerships, Collaborations, and Agreements

8.4. Acquisition and Mergers

8.5. New Product Launches

9. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

9.1. Roquette Freres Le Romarin

9.2. AGT Food and Ingredients Inc.

9.3. Cargill, Incorporated

9.4. Verdient Foods Inc.

9.5. Anchor Ingredients Co. LLC

9.6. E.I. Dupont De Nemours and Company

9.7. Ingredion Inc.

9.8. Kerry Group

9.9. NOW Health Group, Inc.

9.10. Axiom Foods Inc.

9.11. Burcon NutraScience Corporation

9.12. Glanbia plc

9.13. Cosucra Groupe Warcoing S.A.

9.14. Sotexpro

9.15. Farbest Brands

9.16. Emsland-Strke GmbH (Part of Emsland Group)

For more information about this report visit https://www.researchandmarkets.com/r/1t55or

View source version on businesswire.com:https://www.businesswire.com/news/home/20200131005200/en/

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SOURCE: Research and Markets

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PUB: 01/31/2020 05:50 AM/DISC: 01/31/2020 05:50 AM