Pea protein market size forecast to exceed USD 200 million by 2023: Global Market Insights Inc. Pea protein market size is forecast to reach USD 200.2 million by 2023; as per a new research report by Global Market Insights, Inc. Extensive use in the food and beverage industry due to advantages such as functional characteristics and attractive nutritional profile should drive growth. Lysine, isoleucine and valine present in these products aid in the maintenance of muscle tissue, which is also estimated to boost pea protein market size. Increased use of dairy and plant protein ingredients as additives to fulfil nutritional requirements is estimated to provide a fillip to industry growth.
These products are rich in lysine and arginine, and thus form an essential ingredient in infant formulations. The human body is not capable of producing lysine internally and hence is consumed externally through supplements. Companies operating in the industry have increased their production capacity, which is expected to push down pea protein market price trend. Growing protein consumption on account of health benefits as well as increased demand in sports supplements is estimated to augment growth.
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