Pea Processed Ingredients Market Overview
Pea protein is prominently used for increasing the protein content of shakes and smoothies. this form of protein is hypoallergenic and vegan, Hence, it attracts considerable demand. it's a good source of iron and promotes weight loss, muscle growth, and heart health. Thus, of these factors sway be useful for the expansion of the pea processed ingredients market.
The increasing demand for clean-label foods is boosting the popularity of pea processed ingredients. These ingredients are employed in clean food labels for enhancing the feel, stability, and consistency of the particular product. it's also employed in numerous meat and meat substitutes. Therefore, all these factors bring exponential growth for the pea processed ingredients market
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Emsland Group, DuPont, Kerry, COSUCRA Groupe Warcoing SA, Roquette Freres, Vestkorn Milling AS, Ingredion Incorporated, Axiom Foods, Inc, AGT Food and Ingredients, Puris Foods |
The covid-19 Impact on Pea Processed Ingredients Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Pea Processed Ingredients Market Segment Overview
By Type, the pea protein segment is anticipated to carry the most important share within the market, throughout the forecast .By different types the market has been segmented into pea protein, pea starch, pea fiber and meal. Pea protein segment dominated the market in 2020 and is anticipated to show similar trend within the returning years.
By Application, The food segment is anticipated to carry one among the largest share within the pea processed ingredients market.In terms of application the market has been metameric into food, food et al. that features pet food, feed and industrial. Food section dominated market in 2020 and is anticipated to show similar trend within the returning years. Rising demand for meat and meat substitute merchandise among the shoppers is ensuing to the dominance of food section.
Market Analysis, Insights and Forecast – By Type
Market Analysis, Insights and Forecast – By Application
· Food
· Beverage
· Others.
Pea Processed Ingredients Market Regional Overview
Region-wise, in terms of regions, The North America region dominated the market in 2020 and is additionally expected to witness fastest growth throughout the forecast period. there's a rising demand for plant based ingredients among the population owing to the increasing demand for healthy meat and farm substitute product. there's a growing trend towards vegetarian diets and overwhelming nutritious foods. This paradigm shift in food culture is being supported by medical communities, health & fitness clubs, celebrities and athletes influencing wellness and fitness. additionally to the current, rising incidences of fatness, diabetes among the folks in North America have conjointly prompted customers to adopt plant based ingredients within the food and drink product.
Pea Processed Ingredients Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Pea Processed Ingredients Market Competitor overview
Some key developments and strategies adopted by manufacturers in the pea Processed Ingredients are highlighted below.
· In 2020, The Emsland group announced its new strategic partnership with Brenntag Food & Nutrition (Russia). Brenntag can take over distribution of Emsland’s product portfolio for the food trade as well as technical specialties, that include native starches, changed starches, proteins, and fibers modified peas and potatoes.
Pea Processed Ingredients Market, Key Players
· Emsland Group
· DuPont
· Kerry
· COSUCRA Groupe Warcoing SA
· Roquette Freres
· Vestkorn Milling AS
· Ingredion Incorporated
· Axiom Foods, Inc
· AGT Food and Ingredients
· Puris Foods
Q1. What is the total CAGR expected to be recorded for the pea Processed Ingredients market during the forecast period?
Pea Processed Ingredients market is expected to record a CAGR of ~ 6.8% during the forecast period
Q2. Which segment is projected to hold the largest share in the pea Processed Ingredients Market?
Pea protein segment is projected to hold the largest share in the pea Processed Ingredients Market.
Q3. What are the driving factors for the pea Processed Ingredients market?
Pea protein is prominently used for increasing the protein content of shakes and smoothies.This is key factors that boost the growth of the pea Processed Ingredients market progressively.
Q4. Which Segments are covered in the pea Processed Ingredients market report?
Type and Application, and Region, these segments are covered in the pea Processed Ingredients market report
Q5. Which are the prominent players offering pea Processed Ingredients ?
Emsland Group ,DuPont , Kerry , COSUCRA Groupe Warcoing SA , Roquette Freres , Vestkorn Milling AS , Ingredion Incorporated , Axiom Foods, Inc , AGT Food and Ingredients ,Puris Foods
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
