Pea Protein Market Expected To Boost The Industry Growth At A CAGR 17.4% During 2017-2025 : Grand View Research Inc.
San Francisco, 22 February 2019: The
Report PeaProtein Market Analysis By Product (Isolates, Concentrates, Textured),
By Form (Dry, Liquid), By Application (Meat Substitutes, Bakery Goods, Dietary
Supplements, Beverage), And Segment Forecasts, 2018 – 2025
The global pea
protein market is expected to reach USD 313.5 million by 2025, according
to a new report by Grand View Research, Inc. Increasing consumption of
gluten-free products for treatment of celiac disease is expected to boost the
pea proteins demand during the forecast period.
Rising
concerns over non-celiac gluten sensitivity is expected to result in rising
consumption of gluten-free foods and is hence anticipated to positively impact
the industry growth. Furthermore, the popularity of maintaining a gluten-free
diet (GFD) owing to reduced carbohydrate intake and stimulation of weight loss
is anticipated to propel the use of pea proteins over the forecast period.
Increasing
importance of maintaining a GFD in treating innate immune response, joint pain,
and numbness is foreseen to fuel the product demand in the future. Furthermore,
this diet is gaining popularity as an effective treatment for curing symptoms
of autism in children. This in turn is expected to drive the pea protein demand
over the forecast period.
Significant
prevalence of lactose intolerance among infants and children in developing
regions such as Central & South America, Asia Pacific, and Middle East
& Africa is projected to be another significant driver of the industry
growth. Pea protein is one of the highly preferred non-dairy substitutes, as it
is characterized by good amino acid profile and is easily digestible. These
attributes make the product favorable for use in various food & beverage
products such as protein fortified health drinks and sports nutritional foods.
Access Research Report of Pea
Protein Market @ www.grandviewresearch.com/industry-analysis/pea-protein-market
Further key findings
from the report suggest:
·
In terms of volume, bakery goods
application is expected to rise at a CAGR of 13.6% from 2017 to 2025, owing to
the utilization of pea protein as a fibrous and gluten-free product
·
Pea concentrates accounted for a
revenue share of 27.2% in 2016. These products comprise 70-80% of protein
content and are favorably used in energy drinks and fruit mixes applications
·
The growth of the food &
beverage industry in Brazil, India, China, and Mexico as a consequence of
increasing domestic consumption coupled with the adoption of modern farming
technology is expected to drive the industry growth in the near future
·
Companies are focusing on
enhancement of their business growth through significantly investing in
research & development, new product launches, and forward integration. Farbest
and Roquette America have forward integrated business operations as they are
engaged in the production as well as supply operations.
·
In October 2014, Comax Flavors
launched a new pea protein masking range of food additives owing to minimize or
reduce the unpleasant flavor in the processed goods
·
In April 2014, Carmit Candy
Industries launched a wafer snack bar fortified with a dark chocolate coating
and containing pea protein aimed at eliminating the pea protein flavor
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global pea protein
market on the basis of product, application, and region:
Pea Protein Product Outlook
(Volume, Tons; Revenue, USD Thousand; 2014 - 2025)
·
Isolates
·
Concentrates
·
Textured
Pea Protein Form Outlook (Volume,
Tons; Revenue, USD Thousand; 2014 - 2025)
·
Dry
·
Liquid
Pea Protein Application Outlook
(Volume, Tons; Revenue, USD Thousand; 2014 - 2025)
·
Meat extenders & analogues
·
Bakery Goods
·
Dietary Supplements
·
Beverage
·
Others
Pea Protein Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
Japan
o
Australia
·
Central & South America
o
Brazil
·
Middle East & Africa
Access
Press Release of Pea Protein Market @ www.grandviewresearch.com/press-release/global-pea-proteins-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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