“Pea protein market is projected to expand with moderate growth rate over 2019-2029” says new Visiongain report
18 July 2019
Visiongain has launched a new food & beverage report: Pea Protein Market Report 2019-2029: Forecasts by Product Type (Isolates, Concentrates, Textured), by Application (Meat Extenders, Snacks & Bakery, Nutritional Supplements, Beverages), by Form (Dry, Wet) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Pea Protein Market is anticipated to experience moderate growth over the forecast period. Growth in the Pea Protein market is primarily driven by increasing disposable income, changing lifestyle and consumer preferences. By application, Nutritional Supplements are accounted for the major market share. However, Snacks & Bakery sub-segment is projected to expand with the highest CAGR over 2019-2029 in the developing regions. Factors contributing to its growth include increasing consumption of protein among young individuals primarily athletes. Also, protein products offer several health benefits such as lowering cholesterol, the building of muscles, increasing strength, fighting cancer, improving immunity, and lowering blood pressure.
By form type, wet protein sub-segment is identified as the most attractive sub-segment considering high growth rate. This is primarily due to an increase in the demand for vegan based protein products and the demand for high protein ingredients in bodybuilding and sports industries.
Major companies operating in the global Pea Protein market are Roquette Frères, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing, Nutri-Pea Limited, Sotexpro, The Scoular Company, Yantai Shuangta Food Co., Ltd., Axiom Foods, Inc., Farbest Brands, and Shandong Jianyuan Foods Co., Ltd.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.
About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
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