The global Pea
Protein Market is foreseen to grow at 11.1%, from USD 1688.4 Million in 2021 to
USD 3919.1 Million in 2029. Growing vegan population and popularity of
plant-based products, Advancements in extraction and processing technologies, Growing
consumer awareness about nutritional benefits offered by pea and pea-based
products are the factors driving the growth of the global Pea Protein Market.
However, High cost of raw material, Low processing outputs result in limited
supply to manufacturers is anticipated to restraint the market growth for the
estimated period.
Market Definition
What is Pea Protein?
Pea protein is a type of food. It is a source of
protein derived and extracted in powder from the yellow and green split peas,
Pisum sativum, classified in the legume food group. It can be used as a
supplement to increase an individual's protein or other nutrient intake, or as
a substitute for other food products.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Collagen future
markets are analyzed to understand their impact on demand for the forecast
period. Growth rates have been estimated using correlation, regression and
time-series analysis.
Market Overview
Pea Protein
Market report also provide a thorough understanding of the cutting-edge
competitive analysis of the emerging market trends along with the drivers,
restraints, challenges, and opportunities in the Pea Protein Market to offer
worthwhile insights and current scenario for making right decision. The report
covers the prominent players in the market with detailed SWOT analysis,
financial overview, and key developments of the products/services from the past
three years. Moreover, the report also offers a 360º outlook of the market
through the competitive landscape of the global industry player and helps the
companies to garner Pea Protein Market revenue by understanding the strategic
growth approaches.
Pea Protein Market
study by “Zettabyte Analytics” provides details about the market dynamics
affecting the market, Market scope, Market segmentation and overlays shadow
upon the leading market players highlighting the favorable competitive landscape
and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Pea Protein Market is segmented on the basis of Type,
Form, Source, Application, End User and region:
By Type
|
Concentrates
|
Hydrolysate
|
Isolates
|
Textured
|
|
|
By Form
|
Dry
|
Liquid
|
|
|
By Source
|
Yellow Split Pea
|
Lentils
|
ChickPea
|
|
|
By Application
|
Food
|
Meat Substitute
|
Performance Nutrition
|
Functional Foods
|
Snacks
|
Bakery Products
|
Confectionary
|
Other food application
|
Beverages
|
Other Applications
|
|
|
By End User
|
Animal Feed
|
Food Processing
|
Nutraceuticals
|
Sports Nutrition
|
Other End Users
|
Type Outlook:
On the basis of
Type, the market is segmented into Concentrates, Hydrolysate, Isolates.
Figure 1 - Pea Protein Market, By Type (Market
Size And Forecast By Value - USD Million, 2021 & 2029)