Pea Protein Market: Global Industry Analysis and Forecast (2024-2030) by Product, Form, Source and Application

Pea Protein Market Overviews

Pea protein is a great plant-based protein derived from split peas, known for its dietary benefits and functional properties. It is rich in fundamental amino acids, especially lysine and threonine, and is viewed as an excellent protein and a utilitarian fixing in the global business because of its low high protein content, accessibility, reasonableness, and sustainability as a crop. Pea protein has magnificent utilitarian properties, for example, dissolvability, water and oil holding limit, emulsion capacity, gelation, and consistency, making it a promising fix in the food business.

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Pea Protein Market Scope and Methodology:

Rising Demand for Plant-based Proteins- The rise in demand is primarily attributed to the growing health awareness among the masses and the health benefits associated with plant-based diets. Also, Plant-based alternatives offer lower saturated fats and cholesterol, appealing to those seeking healthier options. The rising fame of vegan lovers and vegetarian ways of life has moved the interest in plant-based protein sources, with pea protein being a prime decision. According to a survey conducted by MMR, about 5% of Americans consider themselves vegetarians, and 3% consider themselves vegans. Only 2% of Americans identified as vegan in 2012, implying the vegan population growth. The vegan lifestyle is gaining popularity, with projections indicating that by 2040, only 40% of the world's population is going to consume meat.



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Pea Protein Market Regional Insights

Cargill- Cargill, in a joint venture with Continental Grain Company, acquired Sanderson Farms for $203.00 per share of common stock on July 22, 2022. The acquisition involved combining Sanderson Farms with Wayne Farms, forming a new privately held poultry business named Wayne-Sanderson Farms. Clint Rivers was appointed as the CEO of the combined company. On January 20, 2023, Cargill acquired Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky. The acquisition enhances Cargill's North American oilseeds network capacity to meet the growing demand for oilseeds driven by food, feed, and renewable fuel markets.

Pea Protein Market Segmentation

By Product, The by-product section of the pea protein market incorporates isolates, concentrates, textured pea protein, hydrolyzed protein, and others. Among these, pea protein isolates rule the market, representing around half of the market share in 2022. Pea protein concentrates come next, trailed by textured pea protein, as considered to encounter the most noteworthy CAGR of 9.7% between 2023 and 2032. The interest in pea protein isolates is especially high since they are reasonable for dietary enhancements in the sports nutrition area, given their high protein focus and essential amino acids. Textured pea protein is acquiring consideration because of its reasonableness for use in meat items, offering a high protein focus and vital amino acids, further developed emulsification, great water-restricting qualities, and high dissolvability.

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Pea Protein Market Key Players

Roquette Frères (France)
Cargill, Incorporated (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion Incorporated (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co, Ltd (China)
The Scoular Company (US)

Key questions answered in the Pea Protein Market are:

What is Pea Protein?
What was the Pea Protein market size in 2023?
What is the growth rate of the Pea Protein Market?
Which are the factors expected to drive the Pea Protein market growth?
What are the different segments of the Pea Protein Market?
What growth strategies are the players considering to increase their presence in Pea Protein?
What are the upcoming industry applications and trends for the Pea Protein Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Pea Protein Market?
Who are the leading companies and what are their portfolios in Pea Protein Market?
What segments are covered in the Pea Protein Market?
Who are the key players in the Pea Protein market?


Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations


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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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