Pea protein has several applications in the food and beverage industry. The global Pea Protein market is expected to witness significant growth in the forthcoming years on account of increasing concern for health and wellness among consumers in all corners of the world. Additionally, other key factors such as the increasing concern towards lactose intolerance levels, expansion of the nutraceuticals industry, and the growing demand for gluten-free products are propelling the growth of the global pea protein market. Furthermore, the rising consumption of meat substitutes and the optimistic outlook on the sports nutrition market are some other major aspects that are escalating the growth of the global pea protein market.
On the downside, low consumer awareness of pea proteins is a major factor impeding the growth of the global pea protein market. In addition, the high cost of pea proteins along with the rising demand for other plant proteins is also restraining the market’s growth. Moreover, the rapid market penetration of animal protein is also hampering the growth of the global pea protein market. Apart from this, technological development in processing is expected to create a suitable opportunity for the market. In addition to this, the growing market for weight management products and the improved taste of texture pea protein is also considered to be appropriate opportunities for the global pea protein market.
Covid-19 Impact on Pea Protein Market
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world
Pea Protein Market Segment Overview
Based on Product Type, the Isolates segment is expected to account for the largest share of the global Pea Protein market in the forecast period. Isolates are used in the formulation of meat substitutes due to their high content of amino acids, high solubility, favorable water-binding characteristics, and good emulsification. Besides, isolates contain nearly 95% protein which makes them suitable for the sports nutrition industry. By product application, Dietary Supplements is the largest segment in the market. Increasing concern for health and wellness is anticipated to fuel the growth of the dietary supplements segment in the coming period.
Pea Protein Market, By Product Type
· Isolates
· Concentrates
· Textured Pea Protein
Pea Protein Market, By Product Application
· Snacks and Bakery Products
· Meat Extenders and Analogs
· Dietary Supplements
· Beverages
· Others
Pea Protein Market Regional Overview
Based on the region, North America dominated the global Pea Protein market and is predictable to maintain its supremacy over the forecast period. Growing demand for gluten-free products, increasing concerns about Cardiovascular Diseases (CVDs) caused by red meat consumption, and strong growth of the sports nutrition industry in North America are expected to drive the regional market over the forthcoming years. On the other hand, Asia Pacific is projected to be the fastest-growing market for pea proteins due to the growing consumption of nutrient-rich food products. Additionally, increasing demand for meat substitutes and allergen-friendly sports & fitness supplements is also anticipated to intensify the market growth in this region.
Pea Protein Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Pea Protein Market, Key Players
· A&B Ingredients
· Farbest Brands
· Roquette Freres
· The Scoular Company
· Axiom Foods Inc.
· Nutri-Pea Ltd.
· Sotexpro
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Pea Protein Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Isolates
- 5.2.2. Concentrates
- 5.2.3. Textured Pea Protein
- 5.3. Market Analysis, Insights and Forecast – By Product Application
- 5.3.1. Snacks and Bakery Products
- 5.3.2. Meat Extenders and Analogs
- 5.3.3. Dietary Supplements
- 5.3.4. Beverages
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Pea Protein Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Isolates
- 6.2.2. Concentrates
- 6.2.3. Textured Pea Protein
- 6.3. Market Analysis, Insights and Forecast – By Product Application
- 6.3.1. Snacks and Bakery Products
- 6.3.2. Meat Extenders and Analogs
- 6.3.3. Dietary Supplements
- 6.3.4. Beverages
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Pea Protein Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Isolates
- 7.2.2. Concentrates
- 7.2.3. Textured Pea Protein
- 7.3. Market Analysis, Insights and Forecast – By Product Application
- 7.3.1. Snacks and Bakery Products
- 7.3.2. Meat Extenders and Analogs
- 7.3.3. Dietary Supplements
- 7.3.4. Beverages
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Pea Protein Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Isolates
- 8.2.2. Concentrates
- 8.2.3. Textured Pea Protein
- 8.3. Market Analysis, Insights and Forecast – By Product Application
- 8.3.1. Snacks and Bakery Products
- 8.3.2. Meat Extenders and Analogs
- 8.3.3. Dietary Supplements
- 8.3.4. Beverages
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Pea Protein Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Isolates
- 9.2.2. Concentrates
- 9.2.3. Textured Pea Protein
- 9.3. Market Analysis, Insights and Forecast – By Product Application
- 9.3.1. Snacks and Bakery Products
- 9.3.2. Meat Extenders and Analogs
- 9.3.3. Dietary Supplements
- 9.3.4. Beverages
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. A&B Ingredients
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Farbest Brands
- 10.6. Roquette Freres
- 10.7. The Scoular Company
- 10.8. Axiom Foods Inc.
- 10.9. Nutri-Pea Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
