Pea Protein Market Overview
Pea protein has several applications in the food and beverage industry. The global Pea Protein market is expected to witness significant growth in the forthcoming years on account of increasing concern for health and wellness among consumers in all corners of the world. Additionally, other key factors such as the increasing concern towards lactose intolerance levels, expansion of the nutraceuticals industry, and the growing demand for gluten-free products are propelling the growth of the global pea protein market. Furthermore, the rising consumption of meat substitutes and the optimistic outlook on the sports nutrition market are some other major aspects that are escalating the growth of the global pea protein market.
On the downside, low consumer awareness of pea proteins is a major factor impeding the growth of the global pea protein market. In addition, the high cost of pea proteins along with the rising demand for other plant proteins is also restraining the market’s growth. Moreover, the rapid market penetration of animal protein is also hampering the growth of the global pea protein market. Apart from this, technological development in processing is expected to create a suitable opportunity for the market. In addition to this, the growing market for weight management products and the improved taste of texture pea protein is also considered to be appropriate opportunities for the global pea protein market.
COVID-19 Impact on Pea Protein Market
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world
Pea Protein Market Segment Overview
Based on Product Type, the Isolates segment is expected to account for the largest share of the global Pea Protein market in the forecast period. Isolates are used in the formulation of meat substitutes due to their high content of amino acids, high solubility, favorable water-binding characteristics, and good emulsification. Besides, isolates contain nearly 95% protein which makes them suitable for the sports nutrition industry. By product application, Dietary Supplements is the largest segment in the market. Increasing concern for health and wellness is anticipated to fuel the growth of the dietary supplements segment in the coming period.
Pea Protein Market, By Product Type
· Isolates
· Concentrates
· Textured Pea Protein
Pea Protein Market, By Product Application
· Snacks and Bakery Products
· Meat Extenders and Analogs
· Dietary Supplements
· Beverages
· Others
Pea Protein Market Regional Overview
Based on the region, North America dominated the global Pea Protein market and is predictable to maintain its supremacy over the forecast period. Growing demand for gluten-free products, increasing concerns about Cardiovascular Diseases (CVDs) caused by red meat consumption, and strong growth of the sports nutrition industry in North America are expected to drive the regional market over the forthcoming years. On the other hand, Asia Pacific is projected to be the fastest-growing market for pea proteins due to the growing consumption of nutrient-rich food products. Additionally, increasing demand for meat substitutes and allergen-friendly sports & fitness supplements is also anticipated to intensify the market growth in this region.
Pea Protein Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Pea Protein Market, Key Players
· A&B Ingredients
· Farbest Brands
· Roquette Freres
· The Scoular Company
· Axiom Foods Inc.
· Nutri-Pea Ltd.
· Sotexpro
List of Figures
Figure 1: Global Pea Protein Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Pea Protein Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Pea Protein Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Pea Protein Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Pea Protein Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Pea Protein Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Pea Protein Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Pea Protein Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Pea Protein Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Pea Protein Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Pea Protein Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Pea Protein Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Pea Protein Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Pea Protein Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Pea Protein Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Pea Protein Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Pea Protein Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Pea Protein Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Pea Protein Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Pea Protein Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Pea Protein Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Pea Protein Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Pea Protein Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Pea Protein Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Pea Protein Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Pea Protein Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Pea Protein Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Pea Protein Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Pea Protein Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Pea Protein Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Pea Protein Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Pea Protein Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Pea Protein Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Pea Protein Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Pea Protein Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
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
Primary Research
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 Research
Secondary 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 Estimation
Both, 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
