According to the latest report by IMARC Group, titled “Pea Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global pea protein market size reached US$ 704 Million by 2020. On account of the aforementioned factors, the market is expected to reach a value of US$ 1,305 Million by 2026, growing at a CAGR of 10.6% during 2021-2026. Pea protein is a health supplement that is extracted from yellow and green split peas. It is characterized by a neutral taste and is widely available in the form of bars, powder and drinks. It is a rich source of high-quality protein, iron, carbohydrates, fiber, and fat. It also contains amino acids, including arginine, which aids in improving blood flow and heart health while promoting overall muscle growth.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Pea Protein Market Trends:
The global market is primarily driven by the increasing health consciousness among individuals. Moreover, the rising adoption of natural and healthy ingredients in the formulation of dietary supplements is creating a positive outlook for the market. Along with this, the shifting preference toward the consumption of vegan and gluten-free protein supplements is positively influencing the market growth across the globe. Some of the other factors contributing to the market growth include the easy product availability through online and offline organized retail channels.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Axiom Foods, Inc.
- Cosucra-Groupe Warcoing
- Nutri-Pea Limited
- Roquette Frères S.A.
- Shandong Jianyuan Foods Co., Ltd
- Sotexpro SA
- The Scoular Company
- Naturz Organics
- Fenchem
- Glanbia Plc
Breakup by Product Type:
- Isolates
- Concentrates
- Textured
Breakup by Application:
- Dietary Supplements
- Bakery Products
- Meat Substitutes
- Beverages
- Others
Breakup by End User:
- Retail
- Institutional
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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