Pea Protein Market Research Report to Forecast period of 2017 to 2022
The pea protein contains certain amount of amino acid. It has its own
health benefits. pea protein is rich source of vitamins A, D, E and K.Increasing
awareness about the benefits of protein and growing demand for protein rich
diet, growing health & wellness trend, increasing consumer focus on meat
alternatives, growing demand from food & beverage industry, advancement in
ingredient technologies such as microencapsulation, and increasing soy free and
gluten free trend are the key market drivers covered in the report which will
support the industry growth in the forecast period. However, significant
preference for animal based protein and consumer preference to other plant
proteins over pea protein restrains the adoption of pea protein.
Global Pea Protein Market is expected to reach USD 359.4 million by 2022, at a CAGR
of 13.4% during the forecast period of 2017 to 2022. The pea protein market is driven by the 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
demand from food & beverage industry, various advancements in ingredient
technologies such as microencapsulation, and increasing soy free and gluten
free trend. In addition, increasing inclination towards a vegan diet and
emerging economies such as Southeast Asia, Latin America, and Middle East &
Africa provides significant opportunities for the growth of this market.
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The research
report on the global pea protein market provides a comprehensive analysis of a
major product segments such as pea protein isolates, pea protein concentrates,
and others. The report further gives an extensive outlook on the multifarious
industries served by the pea protein. Pea protein market is divided on the
basis of application into nutrition & health supplements, bakery, cereals
& snacks, meat products & alternatives, beverages, and others. The
segment further briefly talks about the trends impacting the growth of these
markets and the market forecast for each segment and sub-segment for the next
five years.
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