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Global Pea Protein Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
“Global Pea Protein Market Will Witness Rapid
Growth From 2016 To 2024�
Pea protein is a food additive, majorly used in cheese and yogurt. The pea protein market is predicted to grow due to health consciousness among consumers and demand of pea protein supplements. Renewed interest in gluten-free products, acceptance of meat substitutes amid the lactose intolerance levels among teens is augmenting market demand. Plant-based supplements made from wheat, canola, and soy can pose a market challenge. But development of novel products could open up new market avenues. The global pea protein market is segmented according to products, applications, and regions. Products include textured pea protein, isolates, and concentrates. Meat substitutes and sports nutrition supplements are manufactured using isolates. This can be on account of high amino acid content, high solubility, and good water binding. Textured pea proteins are heavily used in dairy supplements and beverages owing to their similar appearance to meat. Pea concentrates used in beverages, aquafeed, and foods constitute about 75% protein.
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Your Catalyst To a Lucrative Business Dietary supplements, sports supplements, meat substitutes, nutraceuticals, and others are major market applications. Dietary supplements are the largest application of the pea protein market on account of consumer awareness about nutraceuticals. Concerns regarding meat allergies will spur the demand for meat substitutes. It will be the fastest growing application over the forecast period (2016 -2024). Regions covered under the market are Latin America, North America, Middle East & Africa (MEA), Asia Pacific, and Europe. North America is a major region for the industry due to concerns of cardiovascular diseases and the booming sports industry. Rising cases of lactose intolerance will see major growth in Europe. Asia Pacific can experience a major demand boost due to consumption of nutrient-based foods and supplements. New regulations in the agricultural industry in China & India would see an upsurge of raw material to pea protein manufacturers. Major players of the pea protein market are Roquette Frères, Shandong Jianyuan Foods Co., Ltd., Burcon Nutrascience Corporation, and Shandong Jianyuan Foods Co., Ltd. They have formed alliances with domestic distributors to ensure a steady product supply in high-demand regions. Roquette Frères produces pea proteins under the brand name – NUTRALYS. Burcon, on the other hand, has managed to manufacture vegetable-based protein which is transparent and 100% soluble.
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Your Catalyst To a Lucrative Business Table of Contents
Chapter 1 Research Methodology 1.1 Research Methodology 1.1.1 Initial data exploration 1.1.2 Statistical modeling and forecast 1.1.3 Industry insights and validation 1.2 List of Data Sources Chapter 2 Executive Summary 2.1 Pea protein market snapshot, 2016 - 2024 Chapter 3 Pea Protein Industry Insights 3.1 Market segmentation 3.2 Market size and growth prospects, 2016 - 2024 3.3 Value chain analysis 3.3.1 Vendor landscape 3.4 Pea raw material competency v/s other protein ingredients 3.5 Technology & innovation 3.6 Regulatory framework 3.7 Industry dynamics 3.7.1 Growth drivers 3.7.1.1 Nutraceuticals industry growth 3.7.1.2 Rising protein consumption 3.7.1.3 Growing demand for gluten-free products 3.7.1.4 Rising concerns towards lactose intolerance 3.7.2 Industry pitfalls & challenges 3.7.2.1 Low acceptance of protein sources other than soy 3.7.2.2 Increasing market penetration of animal protein 3.8 Key growth opportunities 3.9 Competitive landscape, 2016 3.10 Porter’s analysis 3.11 PESTEL analysis Chapter 4 Pea Protein Product Insights 4.1 Global pea protein market share by product, 2016 & 2024 4.2 Isolates 4.2.1 Market estimates and forecast, 2016 - 2024 4.2.2 Market estimates and forecast, by region, 2016 - 2024 4.3 Concentrates 4.3.1 Market estimates and forecast, 2016 - 2024 4.3.2 Market estimates and forecast, by region, 2016 - 2024 More…………
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Your Catalyst To a Lucrative Business About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Read Our Latest Blogs: hexaresearch1.blogspot.com
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