Pea Protein Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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REPORT DESCRIPTION
Pea protein has a variety of application in the food and beverage industry. It is rich in essential nutrients and has an advantage
of functional characteristics with a large amount of amino acids. They are segmented into concentrates, isolates and textured
pea depending on their protein content. They are used at meat extender, substitutes and analogs. The global pea protein
market is anticipated to witness a dramatic growth in its demand on account of rising concern for health and wellness among
the consumers in all corners of the world.
Changing lifestyle of the consumers is the key factor driving the demand for the global pea protein market. Adoption of a
healthier lifestyle due to the increasing concern for health and wellness among the consumers across the world is pushing
forward the demand for the global pea protein market. In addition, the increasing concern towards lactose intolerance levels is
also driving the demand for the global pea protein market. Expansion of the nutraceuticals industry and the rising demand for
gluten free products are also driving the global pea protein market. In addition, the rising consumption of meat substitutes,
rising concern towards lactose intolerance levels and the optimistic outlook on the sports nutrition market are some of the major
drivers for the global pea protein market.
Low consumer awareness of pea proteins is a major factor inhibiting the growth of the global pea protein market. Consumers are
yet to be aware of the positive effects of pea proteins. High cost of pea proteins along with the growing demand for other plant
proteins is also restraining the market. Moreover, the rapid market penetration of animal protein is also barring the growth of
the global pea protein market.
Technological advancement in extrusion and processing is anticipated to serve as a suitable opportunity to the global pea
protein market. Rising market for weight management products and the improved taste of texture pea protein are also
considered to be suitable opportunities for the global pea protein market.
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By product type, the global pea protein market has been segmented into isolates, concentrates and textured pea protein.
Isolates are used in the formulation of meat substitutes because of its high content of amino acids, high solubility, favorable
water binding characteristics and good emulsification. Moreover, isolates contain an approximate of 95% protein which makes
them suitable for the sports nutrition industry. Isolates are expected to record the fastest growth during the forecast period.
Owing to its fiber content similar texture to that of meat, textured pea proteins are increasingly used in beverages and dietary
supplements. Concentrates are used in aquafeed, beverages and food due to its high protein content.
By product application, the global pea protein market has been segmented into snacks and bakery products, meat extenders
and analogs, dietary supplements, beverages and others. The dietary supplements were the largest segment in terms of
revenue in 2014 and are expected to maintain their position during the forecast period. Increasing concern for health and
wellness is expected to propel the growth of the dietary supplements segment. However, meat substitutes are expected to
witness the fastest growth during the forecast period owing to the rising concern for meat allergies resulting in the technological
development of textured products similar to that of meat.
North America was the largest market for pea proteins in 2014 accounting for almost 35% of the total pea protein market. Asia
Pacific is expected to be the fastest growing market for pea proteins owing to the rising consumption of nutrient rich food
products.
A&B Ingredients, Farbest Brands, Roquette Freres, The Scoular Company, Axiom Foods Inc., Nutri-Pea Ltd., Sotexpro are some of
the major players operating in the global pea proteins market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
•
Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
•
Competitive landscape
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Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
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Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
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A complete backdrop analysis, which includes an assessment of the parent market
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Important changes in market dynamics
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Market segmentation up to the second or third level
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Historical, current, and projected size of the market from the standpoint of both value and volume
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Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
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An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market
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Pea protein has a variety of application in the food and beverage industry. It is rich in essential nutrients and has an advantage of functional characteristics with a large amount of amino acids. They are segmented into concentrates, isolates and textured pea depending on their protein content. They are used at meat extender, substitutes and analogs. The global pea protein market is anticipated to witness a dramatic growth in its demand on account of rising concern for health and wellness among the consumers in all corners of the world. Browse Full Report with TOC :http://www.transparencymarketresearch.com/pea-protein-market.html