Dublin, July 26, 2021 (GLOBE NEWSWIRE) -- The "Global Pea Protein Market By Application (Dietary Supplements, Bakery Goods, Meat Substitutes, Beverage and Other Applications), By Product (Isolates, Concentrates, Textured and Hydrolysate), By Regional Outlook, Industry Analysis Report and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Pea Protein Market size is expected to reach $431 Million by 2026, rising at a market growth of 18.6% CAGR during the forecast period. Pea protein refers to the protein obtained from split peas which is extensively utilized in a broad range of food items like fast foods, cereals, meal replacements shakes, and energy bars.
Meat is regarded as the major source of protein for years. Though, in past few years, plant-based proteins are highly popular in the thriving food & beverage sector, owing to the increasing health and environmental issues. Though, assuring the meat-free 'meat' was a long dream among customers - lack quality and variety - currently, the feasible options to environmentally hazardous meat are gaining massive traction. In addition, the 'fake meat' revolution is taking place in the global food industry, and pea protein is gaining massive prominence among makers of meat, dairy food, and seafood alternatives.
Increasing demand for the product due to the rising consumer awareness with respect to the consumption of a healthy diet and living healthy lifestyles is expected to the growth of the global pea protein market. Moreover, the market is expected to witness bright growth prospects due to many factors including rising product development regarding manufacturing that carries out particular functions such as energy balance, weight loss, and repairing of muscle. The protein is obtained from several kinds of pea varieties, such as green, chickpeas, and dry, available in textured, concentrates, and isolate forms.
Rising cases of COVID-19 in North America, Europe, and the Asia Pacific combined with severe government lockdown norms is expected to slow down the food & beverage industry. The supply chain can be disrupted and raw materials can witness shortage due to the stringent norms and limitations on trade, shipping, and social distancing guidelines.
Application Outlook
Based on Application, the market is segmented into Dietary Supplements, Bakery Goods, Meat Substitutes, Beverage and Other Applications. The meat substitutes segment is expected to exhibit a higher growth rate over the forecast years. Increasing health issues, like obesity and diabetes, have encouraged many individuals to adopt vegan dietary habits. Animal rearing has a remarkable impact on the natural resources of the world and is the reason behind global warming to a certain extent. Though, this factor has not been measured, increasing awareness about this factor is expected to switch food habits to a more vegetarian diet, hence boosting the growth of the meat substitutes market. This trend is expected to support the integration of pea protein as meat analogs.
Product Outlook
Based on Product, the market is segmented into Isolates, Concentrates, Textured and Hydrolysate. In 2019, the global pea protein market was dominated by the isolates product segment. Isolates are extensively utilized as nutritional supplements in meat items, fruit mixes, energy drinks, and bakery products as they have good emulsification and non-allergic properties. Growth of the sports nutrition sector in the established nations such as the US, the UK, and Germany, on account of the introduction of new products by Amway and Cadbury in the energy mix segment, is expected to fuel the demand for the product.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2019, North America emerged as the leading region of the global pea protein market. The pea protein market in the North American region is anticipated to propel by the increasing demand for gluten-free items, growing concerns in terms of Cardiovascular Diseases (CVDs) caused by red meat consumption, and strong development of the sports nutrition sector in the region.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Ingredion, Incorporated is the major forerunner in the Pea Protein Market. Companies such as Roquette Freres, DuPont de Nemours, Inc., Axiom Foods, Inc., Emsland Group, and Glanbia PLC are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Glanbia PLC, DuPont de Nemours, Inc., Ingredion, Incorporated, Roquette Freres, The Green Labs LLC, Fenchem Biotek Ltd., A&B Ingredients, Inc., The Scoular Company, Axiom Foods, Inc., and Emsland Group.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
Chapter 4. Global Pea Protein Market by Application
4.1 Global Dietary Supplements Market by Region
4.2 Global Bakery Goods Market by Region
4.3 Global Meat Substitutes Market by Region
4.4 Global Beverage Market by Region
4.5 Global Other Application Market by Region
Chapter 5. Global Pea Protein Market by Product
5.1 Global Isolates Market by Region
5.2 Global Concentrates Market by Region
5.3 Global Textured Market by Region
5.4 Global Hydrolysate Market by Region
Chapter 6. Global Pea Protein Market by Region
Chapter 7. Company Profiles
7.1 Glanbia PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments
7.1.5.1 Product Launches and Product Expansions
7.2 DuPont de Nemours, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments
7.2.5.1 Product Launches and Product Expansions
7.3 Ingredion, Incorporated
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments
7.3.5.1 Product Launches and Product Expansions
7.3.5.2 Acquisition and Mergers
7.4 Roquette Freres
7.4.1 Company Overview
7.4.2 Recent strategies and developments
7.4.2.1 Product Launches and Product Expansions
7.4.2.2 Partnerships, Collaborations, and Agreements
7.4.2.3 Geographical Expansions
7.5 The Green Labs LLC
7.5.1 Company Overview
7.6 Fenchem Biotek Ltd.
7.6.1 Company Overview
7.7 A&B Ingredients, Inc.
7.7.1 Company Overview
7.8 The Scoular Company
7.8.1 Company Overview
7.8.2 Recent strategies and developments
7.8.2.1 Partnerships, Collaborations, and Agreements
7.9 Axiom Foods, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments
7.9.2.1 Partnerships, Collaborations, and Agreements
7.9.2.2 Product Launches and Product Expansions
7.10. Emsland Group
7.10.1 Company Overview
7.10.2 Recent strategies and developments
7.10.2.1 Partnerships, Collaborations, and Agreements
For more information about this report visit https://www.researchandmarkets.com/r/gdadal