Market Research Insights

  San Francisco, 19 April 2021:   The Report  Pea Protein Market  Size, Share & Trends Analysis Report By Product (Hydrolysate, Isolates, Concentrates, Textured), By Application (Meat Substitutes, Dietary Supplement, Bakery Goods), By Region, And Segment Forecasts, 2021 - 2028 The global pea protein market size is projected to reach USD 554.9 million by 2028 registering a CAGR of 12.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by rising health consciousness among consumers coupled with increasing product demand from the nutraceutical industry. The nutraceutical supplements industry is evolving and has a dynamic space that offers lucrative opportunities to merge rising consumer interest and scientific discovery to enhance human health. As this industry tracks consumer trends, nutraceutical products directly respond to consumer buying behavior/habits, thereby encouraging prominent companies in the industry to market

According to the latest report published by Grand View Research, Inc., the global pea protein market size reached up to USD 101.7 million in 2018 and is projected to exhibit a CAGR of 17.4% over the forecast period (2019-2025). Pea is a valuable part of both human and animal diet.   Organic farming initiatives, growing demand for meat protein, and popularity of sports nutrition are providing an impetus to farmers for increasing their pea production and improve raw material availability. It helps in lowering blood pressure, regulate sugar levels, achieve weight loss, and minimize risk of kidney diseases, which is estimated to stimulate market growth in the forecast period. Owing to high nutritive quality, low cost, and good techno-functional properties, legume protein products are becoming more popular as an alternative to products of animal origin. Furthermore, growing concerns about lactose intolerance among infants and adults is driving industry expansion. A key drawback associ