NEW
YORK, July 1, 2024 /PRNewswire/ -- The
global pea protein market size is estimated to grow by USD 272 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
14.16% during the forecast period. The pea protein
market is surging, driven by the rising popularity of plant-based
diets.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
- Consumer Demand for Clean-Label Ingredients: People
increasingly seek natural, recognizable ingredients. Pea protein,
derived from yellow peas, fits the bill perfectly.
- Plant-Based Protein Trend: Vegan and vegetarian
lifestyles are on the rise, and pea protein offers a versatile,
nutritious alternative to animal protein.
- Functional Benefits: Pea protein boasts essential amino
acids, aids muscle building, and promotes weight management.
Market Challenges and Key Players:
Despite the boom, the market faces competition from soy and
wheat proteins. Additionally, maintaining high production rates and
diverse product offerings remain hurdles. Key players include
Cargill, DuPont, and Roquette Freres.
Market Segments:
The report segments the market by product (isolates,
concentrates, etc.), application (dietary supplements, meat
substitutes, etc.), and geography (North
America, Europe, etc.). Pea
protein isolates, high in protein content and functional
properties, are a major growth segment.
Future Outlook:
The pea protein market is poised for continued expansion.
Innovation in processing and product development will be crucial.
With its health benefits, sustainability edge, and wide range of
applications, pea protein is a promising plant-based protein source
for the future.
Learn and explore more about Technavio's in-depth
research reports
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SOURCE Technavio