Pea Protein Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2024
Category: #headlines  By Deepak Pardhi  Date: 2019-08-12
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Pea Protein Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2024

Pea Protein Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Pea Protein Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

 

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Pea protein Market may exceed USD 160 million by 2024; according to a new research report.

 

Increased consumer preference for vegetarianism along with rising product use in various applications including meat substitutes, nutraceuticals and sports supplements should stimulate pea protein market growth. This is a low-calorie food having high protein content, is easily digestible and is an ideal source of post workout nutrition. Increasing consumer awareness regarding nutritious and healthy diet and rising food sensitivity concerns are likely to further stimulate product demand.

 

Pea protein isolate market surpassed USD 25 million in 2017 primarily on account of growing demand from bakery products, snacks and beverage industries. These products finds widespread use as meat texturizing agents pertaining to their substantial amino acid content, desirable water-binding properties, high solubility and excellent emulsification. Isolates contains over 90-95% of proteins and are viable alternatives for people allergic to dairy products which is likely to increase product demand from the sports nutrition sector.

 

North America pea protein market from meat substitute applications should exceed USD 20 million by 2024. These products are suitable for consumers allergic to animal-based products and vegetarians who struggle to fulfill their daily nutrient intake. Technological advancement in manufacturing techniques have resulted in textured product development which resemble meat. Rising concerns towards cardiovascular diseases caused due to red meat consumption and significant consumer trend for weight management should accelerate market growth.

 

Europe pea protein market from nutraceutical applications surpassed USD 2.3 million in 2017 majorly pertaining to growing demand for gluten & fat-free nutritional products. These products offer significant amino acid content, primarily that of glutamine which promotes health and wellness. Pea proteins possess good water-binding characteristics, improve heart health and immune function. Significant consumer demand for great tasting products with simpler labels and alternative nutrient sources to solve their personalized nutrition choices should further boost market growth.

 

Major industry participants for pea protein market include The Scoular Company, Cosucra-Groupe Warcoing, Roquette Frerers, Shandong Jianyuan Group and Glanbia Nutritionals. Prominent manufacturers are engaged in production capacity expansions to satisfy growing consumer demand and research & development initiatives to identify better active ingredients which should promote pea protein market growth.

 

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Report Content

 

Chapter 1   Methodology & Scope

 

 1.1   Methodology

 

 1.2   Market definitions

 

 1.3   Market estimation & forecast parameters

 

 1.4   Data Sources

 

 1.4.1   Primary

 

 1.4.2   Secondary

 

 1.4.2.1   Paid Sources

 

 1.4.2.2   Public Sources

 

 Chapter 2   Executive Summary

 

 2.1   Pea protein industry 360 degree synopsis, 2018 - 2024

 

 2.1.1   Business trends

 

 2.1.2   Regional trends

 

 2.1.3   Product trends

 

 2.1.4   Application trends

 

 Chapter 3   Pea Protein Industry Insights

 

 3.1   Industry segmentation

 

 3.2   Industry landscape, 2013-2024

 

 3.3   Industry ecosystem analysis

 

 3.3.1   Pea processing value chain participants

 

 3.3.2   Vendor matrix

 

 3.3.3   Distribution channel analysis

 

 3.3.3.1   Collaboration/Partnership

 

 3.3.3.2   Distributors

 

 3.3.3.3   Technology Providers

 

 3.3.3.4   Contract Manufacturers

 

 3.4   Raw material analysis

 

 3.4.1   Specification of pea raw material selection

 

 3.4.1.1   Green dry peas

 

 3.4.1.2   Yellow dry peas

 

 3.4.2   Finish product information

 

 3.4.2.1   Average composition of pea seeds/flour, concentrate and isolate

 

 3.4.2.2   Pea protein sensory characteristics

 

 3.4.2.3   Pea protein physical characteristics

 

 3.4.2.4   Pea protein nutritional data (Average values for 100g of commercial product)

 

 3.4.2.5   Microbiological characteristics

 

 3.4.2.6   Amino acid profile (typical data per 100g protein)

 

 3.4.2.7   Heavy metals

 

 3.4.2.8   Aflatoxin

 

 3.4.2.9   Allergen declaration

 

 3.5   Pricing analysis

 

 3.5.1   Pea protein isolates

 

 3.5.2   Pea protein concentrates

 

 3.5.3   Textured pea protein

 

 3.6   Product cost analysis

 

 3.6.1   Pea protein concentrate

 

 3.6.2   Pea protein isolate

 

 3.7   Cost structure analysis, 2017

 

 3.8   Technology landscape

 

 3.8.1   Dry pea fractionation

 

 3.8.2   Wet pea fractionation

 

 3.8.3   Pea protein processing steps

 

 3.8.3.1   Material Feeding

 

 3.8.3.2   Extraction

 

 3.8.3.3   ?Desolventizing

 

 3.8.3.4   Evaporation

 

 3.8.4   Pea protein isolate

 

 3.9   Company technology landscape

 

 3.10   Regulatory landscape

 

 3.10.1   FDA

 

 3.10.2   China

 

 3.11   Comparison

 

 3.11.1   Whey protein, soy protein, and pea protein

 

 3.12   Industry impact forces

 

 3.12.1   Growth drivers

 

 3.12.1.1   Asia Pacific

 

 3.12.1.1.1   Increasing nutraceutical market demand

 

 3.12.1.1.2   Rising concerns towards lactose intolerance levels

 

 3.12.1.2   North America: Rising protein consumption

 

 3.12.1.3   Europe: Growing demand for gluten-free products

 

 3.12.2   Industry pitfalls & challenges

 

 3.12.2.1   Low acceptance of protein sources other than soy

 

 3.12.2.2   Increasing market penetration of animal protein

 

 3.13   Growth potential analysis, 2017

 

 3.13.1   Emerging business model

 

 3.13.1.1   New product launch

 

 3.13.1.2   Joint Venture

 

 3.14   Porter's analysis

 

 3.15   Techno-functional properties of pea proteins and their protein products

 

 3.16   Functional benefits of pea protein

 

 3.17   Competitive landscape, 2017

 

 3.17.1   Company market share analysis, 2017

 

 3.17.2   Strategy dashboard

 

 3.18   PESTEL analysis

 

 

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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