The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
Legumes, including peanuts, beans, lentils, and soybeans, include peas. Green and yellow peas are used to extract pea protein, which is then utilized in some protein supplements and other products that contain protein. Pea protein also has every necessary amino acid needed by the human body to operate. Pea protein promotes healthy blood flow, aids in weight loss, improves muscle growth, and regulates blood sugar. Purely vegan and lactose-free, pea protein is suitable for individuals with dietary sensitivities to eggs and dairy.
Furthermore, pea protein has been used in human food products more and more frequently throughout the world. Pea protein is more widely used as a creative and efficient replacement for animal or soybean proteins in functional foods due to its affordability, availability, physical and processing properties, and nutritional value. As a result, pea protein products are preferred by vegetarians and vegans over protein supplements made from dairy products like casein, whey proteins, eggs, or meat.
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Players Covered in Pea Protein Market are:
Dupont, The Scoular Company, Emsland Group, Puris Foods, Rouquette Freres, Cargill Incorporated, Fenchem Inc., Burcon Nutrascience, Nutri-Pea Ltd., Ingredian Inc., Axiom Foods Inc., The Green Labs LLC., Sotexpro SA, Shandong Jianyuan Group, Martin and Pleasance, Cosucra Group and other major players.
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Segmentation Analysis of the Pea Protein Market
By Type
By Form
By Source
By Application
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Key Industry Developments In Pea Protein Market
In August 2019, to increase the production of pea protein, starches, and fibers Cargill Inc., has invested around USD 75 million in US-based company Puris. Investment in the company aims to increase the production of pea protein will be helpful for the company to meet the rising demand for pea protein from the food and beverages industry globally.
In January 2020, Rouquette Freres signed the agreement for a multi-year partnership with one of the leading US-based companies Beyond Meat to provide its pea protein for Beyond Meat's segment of plant-based meat products. This agreement of partnership will increase the growth of supply of pea protein of the company in upcoming years.
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Jan 23, 2024
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