The global Pea Protein Market is
expected to reach USD 313.5 million by 2025, according to a new report
by Grand View Research, Inc. Increasing consumption of gluten-free
products for treatment of celiac disease is expected to boost the pea
proteins demand during the forecast period.
Rising
concerns over non-celiac gluten sensitivity is expected to result in
rising consumption of gluten-free foods and is hence anticipated to
positively impact the industry growth. Furthermore, the popularity of
maintaining a gluten-free diet (GFD) owing to reduced carbohydrate
intake and stimulation of weight loss is anticipated to propel the use
of pea proteins over the forecast period.
Increasing
importance of maintaining a GFD in treating innate immune response,
joint pain, and numbness is foreseen to fuel the product demand in the
future. Furthermore, this diet is gaining popularity as an effective
treatment for curing symptoms of autism in children. This in turn is
expected to drive the pea protein demand over the forecast period.
Significant
prevalence of lactose intolerance among infants and children in
developing regions such as Central & South America, Asia Pacific,
and Middle East & Africa is projected to be another significant
driver of the industry growth. Pea protein is one of the highly
preferred non-dairy substitutes, as it is characterized by good amino
acid profile and is easily digestible. These attributes make the product
favorable for use in various food & beverage products such as
protein fortified health drinks and sports nutritional foods.
Access Further Report Details: http://www.grandviewresearch.com/industry-analysis/pea-protein-market
Further key findings from the report suggest:
- In terms of volume, bakery goods application is expected to rise at a CAGR of 13.6% from 2017 to 2025, owing to the utilization of pea protein as a fibrous and gluten-free product
- Pea concentrates accounted for a revenue share of 27.2% in 2016. These products comprise 70-80% of protein content and are favorably used in energy drinks and fruit mixes applications
- The growth of the food & beverage industry in Brazil, India, China, and Mexico as a consequence of increasing domestic consumption coupled with the adoption of modern farming technology is expected to drive the industry growth in the near future
- Companies are focusing on enhancement of their business growth through significantly investing in research & development, new product launches, and forward integration. Farbest and Roquette America have forward integrated business operations as they are engaged in the production as well as supply operations.
- In October 2014, Comax Flavors launched a new pea protein masking range of food additives owing to minimize or reduce the unpleasant flavor in the processed goods
- In April 2014, Carmit Candy Industries launched a wafer snack bar fortified with a dark chocolate coating and containing pea protein aimed at eliminating the pea protein flavor
Read Our Blog: http://www.grandviewresearch.com/blogs/food-and-beverages
Grand View Research has segmented the global pea protein market on the basis of product, application, and region:
Pea Protein Product Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)
- Isolates
- Concentrates
- Textured
Pea Protein Form Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)
- Dry
- Liquid
Pea Protein Application Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)
- Meat extenders & analogues
- Bakery Goods
- Dietary Supplements
- Beverage
- Others
Pea Protein Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- North America
- US.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- Australia
- Central & South America
- Brazil
- Middle East & Africa
Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-pea-proteins-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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