Global Pea Protein Market Forecast Report 2017 2022
Increasing awareness concerning the advantages of macromolecule and growing demand for macromolecule made diet is predicted to drive the expansion of worldwide Per macromolecule indsutry. Expected to grow at a CAGR of 13.4% throughout the amount of 2017-2022, the market is forcasted to achieve USD 359.4 million by 2022. ancient preference for animal primarily based macromolecule and client preference to different plant proteins but, treaten to throttle the adoption and growth of pea macromolecule.
Pea Protein Market by Type (Pea Protein Isolate, Pea Protein Concentrate, and Others), by Application (Nutrition & Health Supplements, Bakery, Cereals & Snacks, Meat Products & Alternatives, Beverages, and others)- Global Opportunity Analysis and Industry Forecast to 2022
Global Pea Protein Market is expected to reach USD 359.4 million by 2022, at a CAGR of 13.4% during the forecast period of 2017 to 2022.
Following a comprehensive research on pea protein and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities, listed in the market dynamics segment. Increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumer focus on meat alternatives, growing demand from food & beverage industry, advancement in ingredient technologies such as microencapsulation, and increasing soy free and gluten free trend are the key market drivers covered in the report which will support the industry growth in the forecast period. However, significant preference for animal based protein and consumer preference to other plant proteins over pea protein restrains the adoption of pea protein.
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The research report on the global pea protein market provides a comprehensive analysis of a major product segments such as pea protein isolates, pea protein concentrates, and others. The report further gives an extensive outlook on the multifarious industries served by the pea protein. Pea protein market is divided on the basis of application into nutrition & health supplements, bakery, cereals & snacks, meat products & alternatives, beverages, and others. The segment further briefly talks about the trends impacting the growth of these markets and the market forecast for each segment and sub-segment for the next five years.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights on five major geographies: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analysed at a country level with the detailed qualitative and quantitative analysis. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies North America to be the largest market in 2016, followed by Europe, and Asia Pacific. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The key players in the global pea protein market are Roquette Freres Le Romarin (France), Ingredion Inc. (U.S.), Kerry Group (Ireland), NOW Foods/NOW Health Group, Inc. (U.S.), Axiom Foods Inc. (U.S.), Burcon Nutrascience Corporation (Canada), Glanbia plc. (Ireland), Cosucra Groupe Warcoing SA (Belgium), SOTEXPRO SA (France), Farbest Brands/Farbest-Tallman Foods Corporation (U.S.), and Emsland-Stärke GmbH (Part of Emsland Group).
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by: Sandhya Nair