(Food-Beverage-News.Com, October 04, 2017 ) The market is expected to witness high growth mainly owing to the rising health consciousness along with the increasing demand for plant-based food supplements. Yellow peas supply a unique array of amino acids, muscles, building blocks of body tissue (including hair, skin and nails), DNA/RNA, hormones, enzymes that help the body and immune system to perform normally. Being rich in arginine and lysine, pea protein market is especially beneficial for active lifestyles.
Growing popularity for meat substitutes and rising concern towards lactose intolerance among adults coupled with increasing demand for gluten-free products are some of the key factors driving the global pea proteins market over the forecast period. And also the growing demand for affordable and sustainable vegetarian protein supplement, rising awareness towards using protein supplements, advancement in extraction technology and growing obesity rate are also propelling the pea protein market growth. However, low consumer awareness about the benefits of pea protein and the high production cost involved are restraining the growth of global pea protein market.
The global pea protein market is segmented on the basis of type, application and region. On the basis of type, the pea protein market is segmented into concentrated, isolated and textured. In addition, textured pea protein is sub-segmented into wet and dry. Furthermore, on the basis of application the market is segmented into snacks & bakery products, meat extenders, meat substitute, food & beverages and other food application. Meat substitute segment is likely to grow at a significant rate over the forecast period compared to other areas.
On the basis of geography, the global pea protein market is analysed under various regions namely, North America, Europe, Latin America, Asia-Pacific and Middle-East and Africa. North America is the largest market for pea proteins accounting for almost 35% of the total pea protein market. In Europe, rising concerns towards lactose intolerance along with shifting inclination towards plant-based protein, is fuelling the market growth. Asia Pacific is the fastest growing market for pea proteins due to rising consumption of nutrient rich food products.
Major players in pea protein market are recurrently investing in R&D to develop new extrusion technologies for protein extraction. The companies are also involved in agreement and partnership with various companies in order to expand portfolio and global presence. Some of the key players operating in Global pea protein market are A&B Ingredients, Consucra-Groupe Warcoing, Axiom Foods, Inc., Burcon NutraScience Ltd., Roquette Freres and Nutri-Pea Limited.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
