The global pea protein market revenue was around US$ 94.6 million in 2022 and is estimated to reach US$ 208.8 million by 2031, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period from 2023 to 2031.
Pea protein is a lactose-based plant protein made from yellow field peas. There are several varieties of pea protein on the market, including textured pea protein, concentrate, and isolate. It is an essential substitute protein source for vegans and lactose-intolerant individuals. Pea protein products are utilized in place of alternative sources of protein such as almonds, soy, and peanuts, that are prone to cause allergic reactions in a selected audience group.
Market Driving Factors
Increasing consumer awareness of health benefits boosts market growth. Pea protein isolates (PPI) and concentrates (PPC) are commercially manufactured from peanut flour (defatted) by utilizing several techniques. This kind of protein is estimated to witness substantial growth owing to its fast-growing popularity among varying end-users, including vegetarians, vegans, and people allergic to dairy proteins and eggs. It is extracted from yellow split peas and green peas.
The increasing number of fitness centre and surge in female participation are estimated to drive the market expansion. Pea proteins are environmentally friendly. In addition, consumers are also assuming environmentally friendly and allergen-free products as consumers become more conscious of the properties of pea proteins. The surge in demand in the allergen-free market will create growth opportunities.
Adverse effects, poor publicity, and the availability of inexpensive replacements hamper the market growth.
Regional Analysis
Asia Pacific is estimated to dominate the market. This is due to the increasing population and altering dietary preferences. The expanding beverage and food industry in India, China, and Australia has created possibilities for incorporating pea protein into a product variety.
North America dominated the market. This can be attributed to the well-established food & beverages industry and growing concerns about animal products and protein. Technology advancements have raised the nutritional content and culinary flavour of pea protein, which has a positive impact on the market. Furthermore, the increase in demand from the food industry for pea proteins with a typical texture boosts the market in the region.
Segmentation Insights
Type Insight
The textured pea protein segment is estimated to dominate the market. Pea protein isolates are more suited for dietary supplements in the sports nutrition industry since they have a protein concentration of 80–95%. These products are also utilized as texturizing ingredients in meat products owing to their substantial amino acid content, good water-binding characteristics, the surge in emulsification, and high solubility. Furthermore, they are free of common allergens such as soy and lactose, making them a perfect source of animal protein for individuals with dietary intolerances.
Form Insight
The dry segment dominated the market. Applications for dry pea protein range from improving the texture of meat substitute products to adding it to dietary supplements and protein drinks. Furthermore, significant usage in the manufacturing of loaf, meat, and nutritional health supplements drives the segment growth. Its ease of blending with other food ingredients is one of the crucial properties that allows it to be utilized in energy drinks, dietary supplements, and other beverages.
Prominent Companies
Segmentation Outline
The global pea protein market segmentation focuses on Application, Type, Form, and Region.
By Application
By Type
By Form
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SURGICAL ROBOTICS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: SURGICAL ROBOTICS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL SURGICAL ROBOTICS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL SURGICAL ROBOTICS MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 DIETARY SUPPLEMENT
5.3 BAKERY AND CONFECTIONERY GOOD
5.4 MEAT PRODUCTS AND ALTERNATIVE
5.5 BEVERAGE
5.6 OTHERS
6 GLOBAL SURGICAL ROBOTICS MARKET, BY TYPE
6.1 OVERVIEW
6.2 PEA PROTEIN ISOLATE
6.3 PEA PROTEIN CONCENTRATE
6.4 TEXTURED PEA PROTEIN
7 GLOBAL SURGICAL ROBOTICS MARKET, BY FORM
7.1 OVERVIEW
7.2 DRY
7.3 LIQUID
8 GLOBAL SURGICAL ROBOTICS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL SURGICAL ROBOTICS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 YANTAI SHUANGTA FOOD CO LTD
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 A&B INGREDIENTS INC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 GLANBIA PLC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 THE GREEN LABS LLC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 BURCON NUTRASCIENCE CORPORATION
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 COSUCRA
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 ROQUETTE FRERES S.A.
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 PURIS
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 GEMEF INDUSTRIES
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 AXIOM FOODS INC
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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