DUBLIN--(BUSINESS WIRE)--The "Pea Protein Market by Type (Isolates, Concentrates, and Textured), Form (Dry and Wet), Source (Yellow split peas, Lentils, and Chickpeas), Application, and Region (North America, Europe, Asia Pacific, South America, and Rest of the World) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
In terms of volume, it is projected to grow from 237,363.6 tons in 2020 to 423,948.4 tons by 2025, recording a compound annual growth rate (CAGR) of 12.3% during the forecast period.
High nutritional value in pea proteins is benefiting the population, which is projected to drive the market growth.
The rising vegan population and increasing consumer awareness regarding nutritional benefits offered by pea and pea proteins are the key factors that are projected to drive the growth of the pea protein market. Furthermore, consumer preferences are shifting toward plant-based proteins and healthier lifestyles, which are also projected to drive the market growth. However, the cost of extraction and processing of pea proteins remains high, whereas the processed outputs are lower, which is a major restraint for the market growth.
The meat substitute segment dominated the pea protein market throughout the forecasted period.
Pea protein is primarily used in plant-based meat products or as an alternative to red meat and meat-based proteins. It witnesses high use in plant-based meat products due to its functionalities. The textured pea protein is utilized in these products to give consumers meatier mouthfeel, taste, and texture. The major benefit of using pea protein in plant-based meat products include its protein content and texturizing properties. Furthermore, a majority of the population is shifting from meat-based proteins to plant-based proteins due to various health and environmental concerns. Due to these factors, the meat substitute segment is projected to dominate the market during the forecast period.
The isolates segment is projected to grow at a higher growth rate during the forecast period.
The isolates segment is projected to grow at the highest CAGR between 2020 and 2025. Isolate pea protein has the highest percentage of protein content. It has around 88%-95% of protein content and offers high-quality and high-protein alternatives for vegans and vegetarians who are lactose intolerant and allergic to dairy or other sources of proteins. Pea protein isolates are well absorbed by the body and is highly digestible (98%). This isolate is rich in Leucine, Arginine, Glutamine, and all the remaining branch chains and essential amino acids. Isolates have an array of applications that include protein shakes & beverages, soluble protein powders, performance nutrition foods, and functional foods. Due to these factors, the isolates segment is projected to dominate the market during the forecast period.
The yellow split pea segment is projected to be the fastest-growing market during the forecast period.
The yellow split peas segment is projected to grow at the highest CAGR between 2020 and 2025. The high protein content and ideal amino-acid profiles make yellow split peas an ideal source of pea protein in the industry. Yellow split peas have the highest protein content in the legume family and are adopted by a wide array of applications in the food & beverage industry. Yellow split peas are also among the key constituents for pea protein isolates. They are adopted for use in multiple food formats, including plant-based burgers and pea milk. Due to these factors, the yellow split pea segment is projected to be the fastest-growing market during the forecast period.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pea protein market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Regional Segmentation
1.5 Periodization Considered
1.6 Currency Considered
1.7 Units Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Overview of the Pea Protein Market
4.2 Global: Pea Protein Market, By Type
4.3 Global: Pea Protein Market, By Form
4.4 Global: Pea Protein Market, By Application
4.5 Global: Pea Protein Market, By Source
4.6 North America: Pea Protein Market, By Form
4.7 Pea Protein Market, By Region
5 Market Overview
5.2 Value Chain
5.3 Regulatory Framework
6 Pea Protein Market: A Comparative Analysis With Alternative Protein Sources
6.1 What is A Pea Protein?
6.2 Protein Consumption, By Source, 2018
6.3 What is Needed to Excel in the Pea Protein Industry?
7 Pea Protein Market, By Type
8 Pea Protein Market, By Form
8.2 Dry Textured Pea Protein
8.3 Wet Textured Pea Protein
9 Pea Protein Market, By Application
9.2 Meat Substitutes
9.3 Performance Nutrition
9.4 Functional Foods
9.7 Bakery Products
10 Pea Protein Market, By Source
10.2 Yellow Split Peas
11 Pea Protein Market, By Region
11.2 North America
11.4 Asia Pacific
11.5 South America
11.6 Rest of the World (Row)
12 Competitive Landscape
12.2 Competitive Leadership Mapping
12.3 Ranking of Key Players, 2019
12.4 Competitive Scenario
13 Company Profiles
13.1 Roquette Freres
13.2 Ingredion Incorporated
13.4 Emsland Group
13.5 Fenchem Inc.
13.7 A&B Ingredients
13.8 Glanbia Plc
13.9 The Scoular Company
13.10 Axiom Foods Inc
13.11 Burcon Nutrascience Corp
13.12 Cosucra Groupe Warcoing
13.14 Shandong Jianyuan Foods Co., Ltd.
13.15 Yan Tai Shuang Ta Food Co Ltd.
13.16 Kerry Inc
13.18 Batory Foods
13.19 AGT Foods
13.20 The Green Labs LLC
For more information about this report visit https://www.researchandmarkets.com/r/yjwp3s