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Pea protein isolate is predicted to dominate the market in the next few years by 13.9% over the period of 2016-2023. Growing applications in the food & beverage sector due to allergen-free features is anticipated to boost the demand. The textured pea protein market is predicted to touch USD 35 million by the end of 2023. High fiber content has led to the growing demand for textured pea proteins in food supplements as well as beverages. The Pea concentrates has been granted 30% of the total market share in 2015, is predicted to grow at a CAGR of 13% over the period of 2016-2023 in terms of volume.
The CITR of 16.9% over the period of 2016-2023, with key drivers, as a vegetarian and scientific research contributing towards the growth. India and China are predicted to boost the regional growth.
The North America pea protein market is projected to contribute to 30% of the total revenue in the coming years, with US estimated to add the market share.
Key industry players include Roquette Freres, Nutri-Pea Limited, Burcon NutraScience, and Cosucra Groupe Warcoing. Heavy demand for pea proteins owing to its easy digestibility and a rich source of protein has encouraged new entrants to enter the market. This has increased the competition level with each industry player.
Pseudomonas is a gluten-free pea protein isolate with allergen-free features and free genetic modification. Major pea protein producers have formed an association with farmers, retailers, and other industry players to market their products to food & beverages sector. The heavy demand of globalization.
Browse key industry insights spread across 80 pages with 82 market data tables & 10 figures & charts from the report, „Pea Protein Market Size By Product (Concentrate, Isolate, Textured), By Application (Nutraceuticals, Meat substitutes, Sports Supplements) Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023 „in detail along with the table of contents:
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