London, July 14, 2022 (GLOBE NEWSWIRE) -- At an estimated CAGR of 8.4% between 2021 and 2025, global pea protein ingredient market continues to receive impetus from growing consumer proclivity for healthier foods. A new study of Fairfield Market Research offers an insightful view of how pea protein ingredient market is shaping up. The report says that the market has faced harsh impact of supply chain disruptions throughout 2020.
Key Highlights
- Pea protein ingredient sales to account for revenue of over US$1.3 Bn by 2025 end
- Conventional variant remains dominant with more than 83% revenue share
- North America, and Europe to collectively capture over 65% share in global market value
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Market to Benefit from Supportive Regulation
With an expanding health-conscious population going beyond vegetarianism to embrace a wide range of productions available on the market within plant-derived, and vegan categories, the market for pea protein ingredient will witness robust growth prospects. Food regulatory bodies from around the world have been developing favourable guidelines boosting plant-based diet among the general public. This is expected to act as a major factor supporting market growth in the near future.
Conventional Variant Remains Preferred
Although organic has fast become a buzzword with a lot of consumer interest growing around it, pea protein ingredient market will continue to see dominance of the conventional variant. The latter currently holds more than 83% revenue share in the market as a result of sustained uptake by processed food manufacturers. It has been showcasing rapid recovery after facing a major setback during the initial months of COVID-19 pandemic.
Developed Regions Hold Lucrative Markets
With a collective share of more than 65% in the global pea protein ingredient market value, North America, and Europe remain the key markets. The report suggests that the thriving trend of veganism, and flourishing prospects of allergen-free products work to the advantage of these markets. While Asia Pacific represents a high-potential market, many countries in the region like China, Australia, Japan, and India still have the market in its nascent stage as the supportive regulatory framework for plant-based products is due for development. The market is however expected to gain from the booming quick service restaurant (QSR) sector.
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Pea Protein Ingredient Market Key Players
PURIS, Ingredion Incorporated, Roquette Group, Emsland Group, Axiom Foods, DuPont de Nemours, Inc., CosucraGroupeWarcoing SA, BurconNutraScience Corporation &Glanbia plc., and The Scoular Company
REPORT SCOPE & SEGMENTATION:
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| Report Highlights | Key Market Indicators, Macro factors analysis, Supply Chain Analysis, Consumer Sentiment analysis, Key Regulations, Key Patents, Tracked Key Developments, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, COVID-19 Impact Analysis (Demand and Supply Chain) |
Table of Contents:
1. Executive Summary
1.1. Global Pea Protein Ingredient Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.6. Economic Overview
2.7. Key Developments
2.8. Key Regulations
2.9. Key Patents
3. Global Pea Protein Ingredient Market Outlook, 2017 - 2025
3.1. Global Pea Protein Ingredient Market Outlook, by Nature, Volume (Tons) and Value (US$ Mn ) 2017 - 2025
3.1.1. Key Highlights
3.1.1.1. Organic
3.1.1.2. Conventional
3.1.2. BPS Analysis/Market Attractiveness Analysis
3.2. Global Pea Protein Ingredient Market Outlook, by Format, Volume (Tons) and Value (US$ Mn ) 2017 - 2025
3.2.1. Key Highlights
3.2.1.1. Isolate
3.2.1.2. Concentrate
3.2.1.3. Hydrolysate
3.2.2. BPS Analysis/Market Attractiveness Analysis
3.3. Global Pea Protein Ingredient Market Outlook, by Application, Volume (Tons) and Value (US$ Mn ) 2017 - 2025
3.3.1. Key Highlights
3.3.1.1. Food & Beverages
3.3.1.1.1. Cereals & Snacks
3.3.1.1.2. Meat Substitute
3.3.1.1.3. Bakery & Confectionery
3.3.1.1.4. Performance Nutrition
3.3.1.1.5. Beverage & Desserts
3.3.1.2. Animal & Pet Food
3.3.1.3. Pharmaceutical & Dietary Supplements
3.3.1.4. Cosmetics
3.3.2. BPS Analysis/Market Attractiveness Analysis
3.4. Global Pea Protein Ingredient Market Outlook, by Region, Volume (Tons) and Value (US$ Mn ) 2017 - 2025
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. BPS Analysis/Market Attractiveness Analysis
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