Textured pea protein market is expected to generate a revenue of over $17 mn by 2024 owing to its growing application/use in food & beverages industry as a result of outstanding characteristics/features such as high fiber contents and meat like composition.
Pune, Maharashtra -- (SBWIRE) -- 12/13/2018 -- Global pea protein market Size By Product (Concentrate, Isolate, Textured), By Application (Nutraceuticals, Meat substitutes, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024, as reported in the latest study by Graphical Research.
Global pea protein market size is expected to be worth over USD 150 million by 2024 due to extensive application in food & beverages sector and its use as additives to fulfill nutrition/protein needs of infants. It provides benefits such as high iron & branched chain amino acid contents, easy digestibility, and hypoallergenic features. Lysine, valine, and isoleucine ingredients of these pea protein products help in producing muscle tissues All these factors are likely to boost the demand for these products in coming years.
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Pea protein industry size worth over 14.5 kilotons in 2017, is projected to register a CAGR of 12% over the period of 2018-2024. Low allergenic potential, nutritional & functional advantages, growing product awareness, clean product flavors, and cost efficiency over other equivalents are the factors predicted to propel the industry growth trends over the forecast period. However, low acceptance of protein sources, except soy can dampen the market growth in the future.
Pea protein market is segmented in terms of applications, products, and regions.Pea protein sports supplements market is anticipated to record a CAGR of around 12.5% over 2018-2024 in terms of volume
Pea protein meat substitutes market share, which was over 35% in 2017, is predicted to grow noticeably over the forecast timeframe as a result of changing food habits and rising demand for protein rich diet.
Pea protein sports supplements market is projected to grow at a rate of around 12.5% over the forecast timeframe with pea protein rich products like nutrition bars and snacks helping in stimulating/regulating metabolism of heart muscles. Key industry participants include Burcon NutraScience, Cosucra Groupe Warcoing, Roquette Freres, and Nutri-Pea Limited.
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Segments We Cover:
Pea Protein Market Statistics, By Product
Pea Protein Market Growth, By Application
The above information is provided on a regional basis for the following:
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