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Market Overview of Global Pea Protein market:
According to our latest research, the global Pea Protein market looks promising in the next 5 years. As of 2022, the global Pea Protein market was estimated at USD 840.26 million, and it's anticipated to reach USD 2034.97 million in 2028, with a CAGR of 15.88% during the forecast years.
Pea protein is an extract from peas. Peas are washed, dried and shelled. Dry peas are ground into flour containing protein, starch and fiber through grinding technology, and then the protein is extracted through fractionation and purification. Pea protein is dairy-free, lactose-free, gluten-free, soy-free, contains less carbohydrates, and is naturally free of cholesterol and fat. Pea protein has a high protein content per serving, a balanced distribution of amino acids, and a low incidence of allergies.
Market Opportunities and Drivers
In providing high-quality protein for humans, pea protein has outstanding performance, mainly for the following reasons:
First, pea protein has high nutritional value in plant protein. Pea contains albumin, and albumin has a complete variety of amino acids and a balanced structure. For example, the content of lysine in pea protein can reach 7.1%.
Second, pea protein has excellent functional properties, such as gelation, solubility, emulsification, water absorption and oil retention, and foaming.
Third, pea protein itself has obvious advantages such as non-genetically modified, no allergens, zero cholesterol, low fat, small molecular weight and easy absorption, which is lacking in other plant proteins.
Fourth, the glycemic index of pea protein is low, the protein index is high, and the feeling of fullness lasts for a long time. Pea protein has a good preventive effect on common human cardiovascular diseases.
Fifth, the most important thing is that pea protein has less beany flavor and plain taste. In addition, textured pea protein is used in plant-based meat products, and its texture properties can enhance the taste and texture of the products.
Sixth, pea protein comes from non-GMO peas, so it is superior to soy protein from genetically modified soybeans.
It can be seen that the characteristics of pea protein itself will attract the attention of consumers to a certain extent and promote the development of the industry.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Shuangta Food is one of the major players operating in the Pea Protein market, holding a share of 14.73% in 2021.
Starting from a traditional manufacturing company, Shuangta Food has been deeply involved in the industrial chain, and has realized the upgrading of feed pea protein, edible pea protein, functional pea protein, and pea protein plant meat, and strives to move toward the strategic blueprint of the entire pea industry chain. Step forward.
On October 11, 2021, Roquette Frères' new plant in Portage la Prairie, Manitoba is the largest pea protein plant on the planet. With 40 years of plant protein leadership and global expertise, Roquette Frères' Canadian plant has increased Roquette's global supply capabilities and added Roquette Frères' pea protein production facilities in France and the Netherlands. The grand opening of the factory of the future will showcase Roquette Frères' vision and belief that pioneering is the only way to seek innovation.
Segmentation Overview:
Among different product types, Isolate segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Drinks & Dairy Alternatives segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Pea Protein market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Pea Protein Market Report:
Market Size Estimates: Pea Protein market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Pea Protein market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Pea Protein market
Segment Market Analysis: Pea Protein market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Pea Protein market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Pea Protein Market: Revenue and sales volume of major countries in each region
Pea Protein Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Pea Protein market in major regions.
Pea Protein Industry Value Chain: Pea Protein market raw materials & suppliers, manufacturing process, distributors, downstream customers
Pea Protein Industry News, Policies & Regulations
Key players in the global Pea Protein market are covered in Chapter 12:
Vestkorn
Nutri-Pea
Emsland Group
Shuangta Food
Ingredion Incorporated
Healy Group
Cosucra
Roquette Frères
Puris
Glanbia plc
Exeller N.V
Sotexpro
Axiom Foods
A&B Ingredients
KERRY GROUP
In Chapter 2 and Chapter 15.1, based on types, the Pea Protein market from 2018 to 2028 is primarily split into:
Isolate
Concentrate
Textured
Others
In Chapter 3 and Chapter 15.2, based on applications, the Pea Protein market from 2018 to 2028 covers:
Bakery
Drinks & Dairy Alternatives
Cereals & Snacks
Savory (Ready meals and Vegetarian products)
Nutritional Supplements
Processed Meat & Seafood
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Pea Protein market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028