Pea Protein Market - Global Forecast to 2025
Pea Protein Market by Type (Pea Protein Isolate, Pea Protein Concentrate), Application (Nutrition and Health Supplements; Bakery, Cereals, and Snacks; Meat Products and Alternatives; Beverages), and Geography–Global Forecast to 2025
In terms of value, the global pea protein market is expected to reach $444.7 million by 2025, at a CAGR of 13% during the forecast period of 2019 to 2025; whereas, in terms of volume, this market is expected to grow at a CAGR of 10.2% from 2019 to 2025 to reach 338.6 thousand MT by 2025.
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Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The global pea protein market is majorly driven by factors such as pea protein’s functional and nutritional properties, increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers’ focus on meat alternatives, growing investments by key players, and increasing soy free and gluten free trends. Moreover, growing inclination towards vegan diet and emerging economics such as Southeast Asia, Latin America, and the Middle East & Africa provide significant growth opportunities for the pea protein suppliers in the coming years.
The study offers a comprehensive analysis of the global pea protein market with respect to various types. The global pea protein market is segmented on the basis of type (pea protein isolate, pea protein concentrate, and others), application (nutrition and health supplements; bakery, cereals, and snacks; meat products and alternatives; beverages; and others), and geography.
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Last Update : Jan 23, 2020
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