Pea Protein Market is Projected to Reach A Value of USD 34.8 Billion by 2020

The pea protein market has grown steadily in the last few years and this trend is projected to continue until 2020. The primary factor driving the global success of pea protein is the rising vegan/vegetarian population and high nutritional profile of pea protein. There is an increase in demand for healthy food products, especially in the Asia-Pacific region. This increasing trend reflects the economic development, increase in the purchasing power of the consumers, and increase in the marketing & branding of food & beverage products.

The pea protein market studied in this report is segmented on the basis of type into isolates, concentrates, and textured. On the basis of form, textured pea protein market is segmented into dry textured and wet textured. On the basis of application, the pea protein market is classified into meat extenders & analogs, snacks & bakery products, nutritional supplements, beverages, and others (meat enhancers and confectionery). The market is also segmented on the basis of regions into North America, Europe, Asia-Pacific, and the Rest of the World (RoW); this has been further segmented on the basis of their key countries. 

The pea protein market is projected to reach a value of USD 34.8 billion by 2020. Increasing awareness about healthy food products, high nutritional profile of pea protein, and emerging alternatives to other protein and non-protein ingredients are the three main factors that are driving the pea protein market. North America dominated the pea protein market in 2014.  

Leading players such as Roquette Frères (France), Burcon Nutrascience Corporation (Canada), Cosucra Groupe Warcoing (Belgium), Nutri-Pea Limited (Canada), and Sotexpro (France) have been profiled in the report.