Pea Protein Market

“Global Pea Protein Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Pea Protein market. Pea protein refers to a high-quality protein obtained from yellow peas. It has a neutral taste and is sold in various forms such as powder, bar and milk. It is considered ideal for almost any diet as it is free from common allergens, saturated fats, and cholesterol. Pea protein is an excellent source of iron and protein used in a vegan diet since it can be easily digested by the body without bloating, unlike most other protein supplements. It also helps in muscle growth, weight loss, heart health and reduces the risk of kidney-related disorders.

One of the primary factors driving the market is the non-toxic, easily digestible, and non-allergic properties of pea protein. Additionally, this product is manufactured from plant-based sources, consequently being fit for consumers on vegan diets. Other than this, the extensive application of pea protein in meat substitutes, bakery products, beverages, and dietary supplements is creating a positive market outlook. Furthermore, the rising instances of cardiovascular diseases have encouraged vegan or vegetarian consumers to opt for non-meat protein options like pea protein, as the consumption of red meat has been linked to the development of several heart-related diseases. Besides this, the widespread awareness among individuals regarding the adverse effects of foods consisting of gluten and lactose are shifting consumer preferences toward pea protein. In line with this, various benefits offered by the consumption of pea protein, such as enhanced muscle and bone growth, are also contributing to the market growth. Other than these advantages offered by pea protein, it provides a convenient solution for individuals with busy lifestyles who are unable to consume nutritious and protein-rich food. Apart from this, pea protein is extensively utilized in bakeries to produce superfood bites, protein brownies, protein gazers, and diet truffles.  Moreover, the growing health consciousness among individuals has led to the increased popularity of pea protein as it forms an integral part of several weight-management and sports nutrition products. It is also a gluten- and dairy-free product due to which it serves as a suitable option for people who are suffering from lactose intolerance or gluten allergy. Other growth-inducing factors, such as inflating incomes leading to rising health and wellness expenditures, changing lifestyles, new product innovations, and growing food industry, are also propelling the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the Pea Protein market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Pea Protein market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the Pea Protein market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the Pea Protein Industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Pea Protein Industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Pea Protein Industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Pea Protein Industry. Furthermore, the value chain analysis of the Pea Protein Industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Pea Protein Market 

• Historical and current scenario
• Trends and developments
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players        

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Pea Protein Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.