The global pea protein market is estimated to grow at a CAGR of nearly more than 9.6% during the forecast period. Rising demand for dietary supplements and emerging adoption of gluten-free products is contributing to the growth of the market. The rising number of sports professionals following gluten-free diets and increasing preference of individuals towards gluten-free products are some key factors encouraging the market growth. A large proportion of people have shifted their focus towards gluten-free diets as they believe that it is a healthy option to reduce the risk of gastrointestinal problems. People tend to be more engaged in workouts and exercises and thus, avoiding or reducing gluten-based foods in their diets to gain proper nutrition and feel energetic in a whole day.
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In addition, there is a large number of population that are glucose sensitive as compared to glucose intolerance, which results in a significant rise in the demand for gluten-free products. As per the Beyond Celiac, nearly 18 million Americans have a gluten sensitivity or non-celiac gluten sensitivity (NCGS), which is six times the number of Americans with celiac disease. NCGS symptoms including diarrhea, bloating, and abdominal pain, can improve while removing gluten-based foodstuffs from the diet. This, in turn, is leading to increasing demand for gluten-free food products. Pea protein powder is naturally gluten-free, vegan, dairy-free and does not contain food allergens such as eggs, fish, cow’s milk, peanuts, wheat, and soy.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Pea Protein Market- Segmentation
By Type
- Pea Protein Isolate
- Textured Pea Protein
- Pea Protein Concentrates
By Form
- Dry
- Liquid
By Application
- Dietary Supplements
- Meat Substitutes
- Bakery and Confectionery Goods
- Beverages
- Others
Global Pea Protein Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pea protein market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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