Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global
Pea Protein market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international pea protein market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global pea protein market over the short as well as long
period of time. A detailed presentation of forecast, trends, and dollar values
of the global pea protein market is offered. In accordance with the report, the
global market is projected to expand at a CAGR of 11.6% over the period of
forecast.
Market Insight, Drivers,
Restraints & Opportunity of the Market:
Basic nutrients
such as vitamins, proteins are an indispensable part of the human diet. But not
all consumers are non-vegetarian, so to make sure that they do not miss out on
essential nutrients such as protein, pea protein is a great alternative source.
It is the powder extracted from the seeds after processing them. The plant
based source makes it ideal for consumers with vegetarian diets, added to them
being the benefits of non-toxic and easily digestible. They have a huge
application in meat substitutes, sport supplements, cereals etc.
Pea protein also
provides excellent taste and emulsifying benefits. There is a high
concentration of amino acids and iron which provide significant health benefits.
It is easily digestible by most consumers, as much of the fibre and starch in
it is extracted out during production, which is why pea protein powder doesn’t
cause gas and bloating like peas do. Pea protein is gluten free and hypoallergenic,
which is why it is in constant demand by the nutrition industry due to its low
side effects; as consumers are now more aware about the benefits of natural
ingredients. In mock meat industries, pea protein is used due to its great
binding nature and sustainability. For these reasons, pea protein market will
be facing a high demand in the forecast period.
The
sophisticated nature of the extraction of pea protein makes it a quite costly
good. Also, a huge fraction of the population is non-vegetarian. So, the
requirement for pea protein is not as much in comparison. The limited sections
of consumers who require pea protein are health enthusiasts, vegetarians,
vegans and those who find it easier to digest plant proteins. Also among the
groups mentioned, not all can afford pea protein based products. This alienates
a big portion of the potential consumer base. Which is why, this market is a
little low on relatability, and that’s a big restraint on the way of its
growth.
The isolate segment
booms with an increase in applications for health and fitness businesses,
confectioneries and plant based dairy products alike. These are rich
substitutes for natural proteins due to the presence of lectin, a nutrient rich
protein alternative. The meat substitute segment has lower processing costs as
compared to meat products. The demand for pea protein thus keeps increasing as
the food industry makes space for more texture enhancers and thickeners. Thus
pea protein manufacturers are in a great place to expand their reach.
Segment Covered:
This market intelligence
report on pea protein encompasses market segments based on application,
product, and country/regions.
In terms of product, pea protein market is segregated into
§ Pea protein concentrate
§ Pea protein isolate
§ Textured pea protein
By application, the global pea protein market is also classified into,
§ Meat substitutes
§ Dairy substitutes
§ Nutraceuticals
§ Supplements
§ Others
By country/region, the global pea protein market has been
divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Cosucra Groupe Warcoing
§ Shandong Jianyan Group
§ Fenchem Yantai Oriental Protein
§ Burcon Nutraecience Corporation
§ Glanbia PLC
§ Pinova Group LLC
§ Rouquette Freres
§ The Scoular Company
§ Puris Foods
§ DuPont
§ Ingredeion Inc.
Other players
have been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as pea protein market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that,
Growth Matrix analysis is also provided in the report so as to share insight of
the investment areas that new or existing market players can take into
consideration. Various analytical tools such as DRO analysis, Porter's five forces
analysis has been used in this report to present a clear picture of the market.
The study focuses on the present market trends and provides market forecast
from the year 2020-2028. Emerging trends that would shape the market demand in
the years to come have been highlighted in this report. A competitive analysis
in each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
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This study
offers comprehensive yet detailed analysis of pea protein market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains
upcoming revenue opportunities across various market segments and attractive
matrix of investment proposition for the said market
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This market
intelligence report also offers pivotal insights about various market
opportunities, restraints, drivers, launch of new products, competitive market
strategies of leading market players, emerging market trends, and regional
outlook
Ø
Profiling of
key market players in the world of pea protein market is done by taking into
account various parameters such as company strategies, distribution strategies,
product portfolio, financial performance, key developments, geographical
presence, and company overview
Ø
Leading
market players covered this report comprise names such as Cosucra Groupe
Warcoing, Shandong Jianyan Group, Fenchem Yantai Oriental Protein, Glanbia PLC
and many more
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The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for pea protein caters to the needs of various stakeholders pertaining
to this industry, namely suppliers, manufacturers, investors, and distributors
for the market. The research also caters to the rising needs of consulting and
research firms, financial analysts, and new market entrants
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Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
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Ample number
of examples and case studies has been taken into consideration before coming to
a conclusion.
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the pea protein
market
v
Identification
of key factors driving investment opportunities in the pea protein market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants