January 12th, 2023
The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
Pea belongs to the legume family which includes peanuts, beans, lentils, and soybeans. Pea protein is extracted from green and yellow peas and it is used in some protein supplements and protein-based food products. In addition, pea protein contains all the essential amino acids required for the human body's function. Pea protein helps to boost blood circulation, weight management, calcium absorption, improving muscle, and manage blood sugar. Pea protein is a pure vegan substance, lactose-free, and safe for those people who have allergies to dairy products and eggs. Moreover, the usage of pea protein in human food products has been steadily increased globally. The availability of pea protein, its physical and processing characteristics, nutritional value, and cheap cost have increased its application as a novel and effective alternative to substitute for soybean or animal proteins in functional foods. Therefore, vegetarians and vegans prefer pea protein products to supplements with protein derived from dairies, such as casein, whey proteins, eggs, or meat.
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The study examines the competitive landscape of the global Pea Protein market in depth. The competitive situation contains information about main market players such company profiles, end-user demand, import/export volume, and sales statistics, among other things. Different players' business tactics are emphasized, which will be an excellent supplement to sensible business judgments. All of the firms profiled in the study are assessed based on key metrics such as market share, company size, production, market growth, sales, and earnings. Additionally, experts have supplied a complete overview of industry participants' strategic activities during the last few years.
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Leading Key Players Covered in Pea Protein market:
· The Scoular Company
· Emsland Group
· Puris Foods
· Rouquette Freres
· Cargill Incorporated
· Fenchem Inc.
· Burcon Nutrascience
· Nutri-Pea Ltd.
· Ingredian Inc.
· Axiom Foods Inc.
· The Green Labs LLC.
· Sotexpro SA
· Shandong Jianyuan Group
· Martin and Pleasance
· Cosucra Group and other major players.
These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain a competitive advantage over other players working in the market.
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Segmentation of Pea Protein market:
· And Textured
· Yellow Splits Peas
· Nutrition and Health Supplements
· Bakery and Confectionery
· Meat Products and Alternatives
· Cereals and Snacks
Geographic Segment Covered in the Report
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
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Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Pea Protein Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Pea Protein Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Pea Protein market share for key players, along with new projects and strategies that players have adopted over the past five years
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