Pea Protein Industry: Key Factors behind Market’s Rapid Growth

1

• Pea Protein
  Industry Key Factors behind Markets Rapid
  Growth
• https//www.marketsandmarkets.com/Market-Reports/p
  ea-protein-market-36916504.html

2

• What is the current size of the global pea
  protein market ?
• The pea protein market size is predicted to grow
  fast to 2.9 billion by 2027, at an 11.9 CAGR.
  The industry's growing understanding of the
  benefits of pea protein, which is expected to be
  worth 1.7 billion in 2022, is the foundation of
  this upward trend.
• Which are the key players in the market?
• Rouquette Freres (France), DuPont (US), Glanbia
  PLC (Ireland), Kerry (Ireland), Ingredion (US),
  Puris (US), Emsland Group (Germany), Yantai
  Shuangta Foods Co., Ltd (China), The Scoular
  Company (US), Burcon (Canada), Shandong Jianyuan
  Group (China), ET-Chem (China), AGT Food and
  Ingredients (Canada), The Green Labs LLC. (US),
  and Axiom Foods, Inc. (US). These players in this
  market are focusing on increasing their presence
  through agreements and collaborations. These
  companies have a strong presence in North
  America, Asia Pacific and Europe. They also have
  manufacturing facilities along with strong
  distribution networks across these regions.

3

• Drivers Growing consumer awareness about
  nutritional benefits offered by pea and pea-based
  products
• Pea protein powder is being popularly used to
  manufacture protein shakes, smoothies, and energy
  drinks to increase the protein content and is an
  excellent fit for almost any diet since it is
  naturally vegan and hypoallergenic. It is a great
  source of iron and high-quality protein. It is
  also estimated to help muscle growth, weight
  loss, and heart health. The protein from peas,
  mainly yellow peas, has been shown to lower
  cholesterol and blood pressure while gentle on
  the kidneys. All these benefits of pea proteins
  are expected to drive the growth of the global
  pea protein market.
• Opportunity Advancements in texture properties
  supporting adoption in baking ingredients
• Pea protein has excellent emulsification
  properties, binding both fat and water for a
  stable emulsion. This is beneficial for egg
  replacement and is demonstrated well in Hampton
  Creeks Just Mayo, replacing the eggs with pea
  protein to make a vegan mayonnaise. It is also
  helpful in reducing the fat content of salad
  dressings, with little impact on mouthfeel or
  flavor. Beyond Meat uses pea protein for
  producing meat alternatives, lending a chewy,
  meat-like texture to their products. It can also
  be used in ground beef products to act as a
  binder, increasing the cooking yield of meats.

4

• Key trends in the pea protein market
• Growing Demand for Plant-Based Proteins The
  increasing popularity of plant-based diets and
  the rise of veganism and vegetarianism have been
  driving the demand for pea protein. Consumers are
  seeking sustainable and ethical protein sources,
  and pea protein offers a viable alternative to
  animal-based proteins.
•  Expansion in Food and Beverage Industry Pea
  protein is finding extensive application in the
  food and beverage industry, particularly in
  products such as plant-based milk alternatives,
  protein bars, snacks, and meat substitutes. The
  market is witnessing new product launches and
  collaborations as manufacturers incorporate pea
  protein into their offerings to cater to the
  growing demand for plant-based options.
•  Health and Wellness Focus Pea protein is
  considered a healthy alternative to animal-based
  proteins due to its low allergenicity,
  cholesterol-free nature, and high nutritional
  value. It is rich in essential amino acids,
  including lysine, and is easily digestible. As
  consumers become more health-conscious and seek
  functional food options, pea protein is gaining
  traction as a preferred ingredient.
•  Technological Advancements Continuous research
  and development efforts are leading to
  technological advancements in pea protein
  production. Innovations in extraction techniques,
  refining processes, and formulation technologies
  are improving the quality, functionality, and
  sensory attributes of pea protein products,
  enhancing their appeal to consumers.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id36916504

5
North America holds a significant share in the
pea protein market during the forecast period.

• North America is experiencing strong growth
  prospects in the plant-based pea protein sector
  due to the increasing demand for healthy meat and
  dairy substitute products. The growing trend of
  veganism has pushed the growth of the North
  American pea protein industry. Consumers are
  gradually shifting their diet preferences and are
  going vegan due to the health and wellness
  benefits associated with it. This paradigm shift
  in food culture is being supported by health
  fitness industries, medical communities,
  celebrities, and athletes, which has bolstered
  the demand for pea protein.
• To know about the assumptions considered for the
  study, Download PDF Brochure https//www.marketsa
  ndmarkets.com/pdfdownloadNew.asp?id36916504