The pea protein market is expected to grow exponentially by 2024



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Research report on the size of the protein pea market, stocks, the rate Growth, Competitive Strategies Forecasts, 2016 – 2024

Pea protein is a food additive, mainly used in cheese and yogurt. The pea protein market is expected to increase due to consumer health awareness and the demand for pea protein supplements. A renewed interest in gluten-free products, the acceptance of meat substitutes among lactose intolerance levels in teens increases market demand.

Wheat, canola and soy supplements can be a business challenge. But the development of new products could open up new market prospects. The world market for pea protein is segmented by product, application and region. The products include proteins, isolates and textured pea concentrates.

Meat substitutes and nutritional supplements for athletes are manufactured with the aid of isolates. This may be due to high amino acid content, high solubility, and good water binding. Textured pea protein is widely used in dairy supplements and beverages because of its similar appearance to meat. Pea concentrates used in beverages, feeds and foods make up about 75% of the protein.

Dietary supplements, sports supplements, meat substitutes, nutraceuticals and others are major market applications. Dietary supplements are the largest application of the pea protein market due to consumer awareness of nutraceuticals. Concerns about meat allergies will stimulate demand for meat substitutes. This will be the fastest growing application during the forecast period (2016-2024).

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The areas covered by the market are the most important. Latin America, North America, the Middle East and Africa (MEA), Asia-Pacific and Europe. North America is an important region for the industry because of cardiovascular disease problems and the boom of the sports industry. The rise in cases of lactose intolerance will experience significant growth in Europe. The Asia-Pacific may experience a significant increase in demand due to the consumption of food and nutritional supplements. The new regulations of the agricultural industry in China and India would see a resurgence of raw material for pea protein manufacturers.

The main players in the pea protein market are Roquette Brothers, Shandong Jianyuan Foods Co., Ltd., Shandong Burcon Nutrascience Jianyuan Foods Co., Ltd. They have formed alliances with domestic distributors to ensure a steady supply of products. in areas of high demand. Roquette Frères produces pea protein under the NUTRALYS brand. Burcon, on the other hand, has managed to make vegetable proteins that are transparent and 100% soluble.

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