Pea Protein Market Growth & Trends
The Pea Protein Market size is expected to reach $1,365 million by 2027, growing at a CAGR of 7.9% between 2020 to 2027 as per the new research report published by Confianza Market Research & Consultancy. Pea Protein is the source of protein which is extracted from green and yellow peas. Pea proteins are used in some protein foods and supplements. Pea Proteins are easy to digest, non-allergic, nontoxic. Pea Protein contains the amino acid which is necessary for a healthy human body’s functions, it has multiple health benefits. Also, it has a great test and various properties.
The well knows property of Pea Protein is it is 100% vegan and it is allergy-free, so people who have allergies the dairy product and egg can use this as a supplement. Pea protein is the best alternative for meat protein, hence the demand for pea protein has been increased in the past few years. Most of the consumers are rapidly shifting to the vegan diet, this is another reason behind the growth of the Pea Protein Market. Pea Protein is highly used in the food and beverage industry as awareness of the benefits of natural ingredients has been increasing rapidly in recent years.
Consumers are focusing on plant-based protein, so many of the key manufactures are focusing on the new opportunities and hence they are investing in the Pea Protein Market. Industry players are coming out with a wide range of products using Pea Protein. Changing into the lifestyle of consumers and shifting towards a healthy grounding can also help to boom the Pea Protein industry. The one more important reason to increase demand for Pea Protein is celebrities, they consume the Pea Protein and attract the young generation towards it. The low process cost as compare to meat products and simple storage options are driving the Pea Protein industry in high aspect.
An increase in the awareness of animal rights and the side effects of consumption of red meat can drive this market. Pea Protein is used in burger, patties as a big substitute for red meat. Consumers from the North America region are preferring Pea Protein as a substitute for red meat on daily basis, hence North America will be the largest market player by 2025 in the Pea Protein industry. Also, awareness of plant-based protein and changing the perception of nutrition can help to boost the market size in this region. Key market players are investing in research and development in terms of Pea Protein and try to attract the young generation towards Pea Protein to capture a large market share. They are distributing free samples and using a social media platform to promote products made from Pea Protein.
View detailed insights & sample report here: Pea Protein Market Size, Share & Trends Analysis Report 2020-2027 (PDF)
Pea Protein Market Segmentation
- Form Outlook (Volume, Tons; Revenue, USD Thousands, 2017 – 2027)
- Product Outlook (Volume, Tons; Revenue, USD Thousands, 2017 – 2027)
- Application Outlook (Volume, Tons; Revenue, USD Thousands, 2017 – 2027)
- Dietary Supplements
- Meat Substitutes
- Bakery Goods
- Regional Outlook (Volume, Tons; Revenue, USD Thousands, 2017 – 2027)
- North America
- The U.S.
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- North America