Pea Protein Market share forecast to exceed USD 200 million by 2023

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Pea Protein Market share forecast to exceed USD
200 million by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Pea Protein Market

• Pea protein market size was 11.5 kilo tons in the
  year 2015 and is expected to go beyond 33 kilo
  tons till 2023 with a CAGR of 13.5 between the
  years 2026 to 2023 as per the study done by
  Global Market Insights. These rising figures are
  due to increasing awareness about healthy diets
  and this is going to expedite the market trend in
  the coming years. Because of diversity in
  countries, meat protein is not acceptable by all
  the customers, and hence for them this natural
  protein is the best replacement. It is easily
  digestible and very few people are allergic to
  it.
• This healthy ingredient market has crossed 40 of
  overall share in the year 2015 and is predicted
  to lead in future. It is anticipated to rise at
  an annual rate of 13.9 to exceed 14.5 kilo tons
  till 2023. This product has wide utility in
  beverage and food sectors because of their
  non-allergic and emulsifying properties. Textured
  pea market is widely adopted in dietary
  supplements because of its high fiber and
  resemblance with meat texture. It is predicted
  that the revenue of this market will go beyond
  USD 35 million till 2023.

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Continued...

• A new pea product named P-Pro Plus is launched in
  the market. It is a product with appealing taste
  which deals with the trouble faced by most of the
  manufacturers while coming up with beverages, or
  other dietary supplements made up of pea protein.
  A product is manufactured by two companies
  working in partnership namely GLG Life Tech Corp,
  and MycoTechnology Corp.
• Pea protein is becoming a preferred choice in
  sports supplements. Market of sports supplements
  is expected to rise at a CAGR of 13.6 between
  the years 2016 to 2023. Energy drinks, beverages,
  and nutrition bars blended with these proteins
  are extensively used for development of body.
  These products comprise of lysine and glutamine
  which help in maintaining nitrogen level at the
  time of workout.

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Europe pea protein market size by application,
2012 - 2023 (Tons)

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Continued...

• Region wise study of this market shows that Asia
  Pacific areas especially India and China are
  predicted to enjoy a good growth of 16.9 in
  future. This growth is expected because of
  vegetarian food demand, advanced technique for
  extraction and R D done by various industries.
  The U.S. market is going to boom because of
  requirement of sustainable and nutritious diet
  with better taste and texture. North America is
  supposed to witness 30 of overall generation of
  revenue in near future.
• It can be concluded here, that this plant-based
  product will capture the significant portion of
  market in future.

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