The Pea Protein Market size was valued at USD 592.95 Million in 2023 and the total Pea Protein Market revenue is expected to grow at a CAGR of 12.02% from 2024 to 2030, reaching nearly USD 1312.05 Million.
Pea Protein Market Report Overview:
The report encompasses the latest revenue and trends within the Pea Protein Market It provides an introduction to the Pea Protein market, defining its scope, structure, and strategies for proactive and pre-planned management. The report hones in on the factors that impact the Pea Protein Market in both positive and negative ways. Additionally, it assists in gauging the prospective growth of the Pea Protein Market in the upcoming forecast years. The report serves as a valuable tool for shaping market strategies and understanding the contextual landscape of the Pea Protein industry.
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Pea Protein Market Report Scope and Research Methodology:
The primary objective of the Global Pea Protein Market report is to deliver a comprehensive analysis of the market in accessible language for stakeholders. The research has involved segmenting the Pea Protein market into major categories, which were further subdivided into various sub-segments. The report offers a detailed examination of drivers, opportunities, restraints, and challenges within the Pea Protein industry, segmented both regionally and by segment.
The report on the Pea Protein Market furnishes an exhaustive analysis, incorporating historical data, insightful perspectives, facts, and statistically validated market statistics. These statistics are based on a well-founded set of assumptions and methodologies. The collection of data for the Pea Protein market report relied on both primary and secondary research methods. This amalgamated data was meticulously analyzed to produce precise and reliable findings.
Incorporating secondary research, the report delves into annual and financial reports of leading players, while primary research involves interviews with key opinion leaders and experts within the Pea Protein industry, including frontline personnel, entrepreneurs, and marketing professionals. The estimation of the Pea Protein market size was achieved through a bottom-up approach. The report employs SWOT analysis to outline the strengths and weaknesses of the Pea Protein Market, and leverages PESTLE and PORTER analyses to outline the impacts of macroeconomic and microeconomic factors on the global Pea Protein Market.
Pea Protein Market Key Players:
1. Yantai Shuangta Foods Co., Ltd (China)
2. Shandong Jianyuan Group (China)
3. ET-Chem (China)
4. Shandong Xiangchi Jianyuan Bio-Tech Co., Ltd. (China)
5. Fenchem Biotek Ltd. (China)
6. Shandong Huatai Food (China)
7. Shuangta Food (China)
8. Shandong Oriental Herbest Bio-Tech Co., Ltd. (China)
9. Fencol Corporation (China)
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Pea Protein Market Segmentation:
by Type
Isolates
Concentrates
Textured
With over 58% of the entire revenue generated by the pea protein market, the isolates segment held the lion's share of the market in 2023. The yellow pea protein isolate, which is generally obtained from peas grown in North America or Europe, is the main focus of the isolates segment, which frequently makes up the greatest portion. To produce protein from pea isolate, the outer shell of the pea is typically removed in accordance with standard food industry processes before the pea is ground into flour. The other ingredients, such as fiber and starch, are removed by a second filtration procedure. This leaves behind a white precipitate, which is then distilled to create pea protein isolate, which is then used to make protein powder. Notably, the industrial manufacturing procedure used to produce pea protein isolate sets it unique from conventional pea protein.
by Source
Split yellow peas
Lentils
Chickpeas
by Application
Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages
by Form
Dry
Wet
The wet segment held the biggest market share for pea protein in 2023 and is predicted to expand at the fastest rate of compound annual growth (CAGR) from 2024 to 2029. Wet pea protein is used in baked foods, meat products, and confections as a texturizing agent. Wet pea protein's fibrous nature is also anticipated to encourage its incorporation into fruit juice blends and energy powders.
Pea Protein Market Regional Insights:
Geographically, the report is segmented into several key countries, with Pea Protein market size, growth rate, import and export of Pea Protein market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
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Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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