The global pea protein market size is expected to reach USD 519.0 million by 2028 according to a new study by Polaris Market research. The report “Pea Protein Market Share, Size, Trends, Industry Analysis Report, By Product (Concentrates, Isolates, Textured, Hydrolyzed, HMEC/HMMA); By Form (Dry, Liquid); By Application (Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In 2020, the pea protein isolates market segment had the largest market share. Its wide application in varied industry such as a texturizing agent in meat products, owing to its high solubility, water-binding properties, good amino acid, and excellent emulsification properties.
Increasing concerns over gluten-related disorders in developed countries are the most pivotal factors contributing to the segment’s market growth. Moreover, expansion of sports nutrition in developed countries such as Germany, the UK, and the US. likely to boost the segment’s market growth.
The pea protein concentrates market segment is projected to register a lucrative market growth rate over the study period. Concentrates are made by separating the protein of pea seeds from fiber and starch. The products are used as sports supplement as it possesses good emulsification and digestible properties.
Pea protein concentrates are mostly used in cakes to provide dry texture and ample flavoring properties. A robust manufacturing base in developed countries such as UK, Germany, and France with proximity to equipment manufacturers and easy access to raw materials is projected to increase the market demand for concentrates in the coming future.
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The market segment is also flooded with innovative product launches, such as, in January 2019, Safe Fair Foods, introduced allergy-free pea protein chips. These gluten-free, protein chips are free from, presently known eight allergens present in the pea protein. This new product development and partnership between buyers and manufacturers likely to engage the market players over the next few years.
Market players operating in the pea protein industry include Axiom Foods; Inc.; Burcon NutraSciences; The Scoular Company; Roquette Freres, Warcoing SA; Cosucra Groupe, Nutri-Pea Limited; Sotexpro SA; Ingredion Inc.; and Puris Protein LLC.
Polaris Market Research has segmented the pea protein market report on the basis of product, form, application, and region:
Pea Protein, Product Outlook (Revenue – USD Million, 2016 – 2028)
Pea Protein, Form Outlook (Revenue – USD Million, 2016 – 2028)
Pea Protein, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Meat Substitutes
- Bakery Goods
- Dietary Supplements
Pea Protein, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa