Pea Protein Market Size to Reach USD 4.9 Billion by 2032 growing at 12.7% CAGR - Exclusive Report by Acumen Research and Consulting
The Pea Protein Market, valued at USD 1.7 Billion in 2023, is anticipated to surpass USD 4.9 Billion by 2032, reflecting a projected CAGR of 12.7% Expanding product use in nutraceutical and sports supplements segments should drive pea protein market need. These products display alluring properties, for example, high amino corrosive substance which makes it a suitable choice for diminishing muscle breakdown after exercise and high protein content which offers exercise sustenance for competitors adversely affected by different products. Ascend in health consciousness alongside expanding demand for athletes allergic are probably going to have a positive impact in the regional business development. Increasing product utilization in dietary enhancements, meat substitutes, and nutraceuticals enterprises ought to animate pea protein market estimate. There has been a huge ascent in consumer awareness towards weight reduction, calorie decrease and protein supplementation alongside centred publicizing efforts for advancements by different organizations. These products are a rich iron source, vegan, dairy-free, supplements uncommon special health diets and gives a sentiment of completion. Developing number of consumer searching for more straightforward names, extraordinary taste, and elective protein sources to understand customized nourishment decisions which thusly may quicken pea protein market development. U.S. textured pea protein market size should observer utilization at more than 2 kilo tons before the finish of the anticipated time span. These products are similarly more affordable than meat, fish and poultry alongside being greater condition agreeable and sustainable nutrition source. These products are generally utilized as meat substitutes and extenders by virtue of their one of a kind taste and improved surface. They are widely used to deliver veggie lover options in contrast to different meat products, for example, chunks, meatballs, and patties which can be grilled or microwaved, in this manner invigorating business sector development. Pea Protein Market Statistics The global pea protein market is expected to reach USD 1.7 billion by 2023, with a 12.7% CAGR from 2024 to 2032 North America accounts for 33% of the pea protein market Asia-Pacific is the fastest-growing area, with a growth rate of 13.5%, offering opportunities for industry participants The isolates product type makes a big contribution to the pea protein market The dry form sector provides significant revenue The industry is expanding due to the technological advancements improve product quality Access Table Of Content: https://www.acumenresearchandconsulting.com/table-of-content/pea-protein-market Market Insights Rising Consumer Shift to Plant-Based Diets Fuels Pea Protein Market Growth The growing popularity of plant-based diets is a key driver for the pea protein market. Consumers are increasingly choosing plant-based alternatives to traditional animal-derived products as they become more conscious of their health, environmental sustainability, and animal welfare. Pea protein, recognized for its high amino acid profile, hypoallergenic qualities, and adaptability for a variety of dietary requirements, is becoming a popular ingredient in meat substitutes, dairy alternatives, and protein supplements. Furthermore, the rising frequency of lifestyle disorders like obesity and diabetes has encouraged a shift toward healthy eating patterns, driving up demand for nutrient-dense, plant-based proteins. The growing consumer inclination for plant-based diets is likely to fuel the growth of the pea protein market in the coming years. Clean-Label Demand Unlocks New Opportunities in the Pea Protein Market The growing demand for clean-label products creates a significant opportunity for the pea protein sector. As consumers become more health-conscious, they want items made with natural, minimally processed ingredients that are free of harmful additives and allergies. Pea protein, obtained from yellow peas, precisely meets these clean-label requirements, making it a desirable ingredient for food and beverage manufacturers. This trend is especially strong in the functional food, snack, and beverage industries, where the addition of pea protein can improve nutritional profiles while fulfilling consumer desires for transparency and simplicity. As a result, the market is poised to gain from the increased demand for clean-label products, which will drive industry innovation and expansion. Pea Protein Market Segmentation The global pea protein market is divided into 5 segments: product, form, source, application, and regional markets Product: isolates, hydrolysates, concentrates, and textured pea proteins Form: wet, and dry Source: yellow split peas, chickpeas, and others Application: personal care & cosmetics, food & beverages, animal feed, and others Regional Market: Europe, Latin America, North America, Asia-Pacific, and the Middle East & Africa Pea Protein Market Regional Outlook The demand for pea protein in Germany from sports supplement applications is expected to increase significantly by 2032. These products include spread chain amino acids, which are essential for reducing muscle breakdown after exercise. They serve as a high-protein hotspot for vegetarians and vegans, have a similar amino acid profile to animal products, and have improved assimilation when compared to other plant items. These support muscle repair, regulate blood sugar levels, which can aid in healthy weight loss, and ensure the production of immune cells and neurotransmitters, all of which should help the pea protein market grow. In 2023, the Chinese pea protein emphasis market is expected to exceed considerable revenue. These goods have a slight appealing taste and are regarded as an excellent alternative for weight management due to their gluten-free and non-GMO nature. These changes aid in increasing the protein content of animal feed concentrates while maintaining its aroma, flavor, and color qualities. Because they contain no lactose, gluten, or allergies, they can be used to augment and increase the yield of pet food. These products provide a variety of benefits, including a wonderful bean scent, oil and water maintenance, frothiness, and emulsification, which should increase pea protein demand. Pea Protein Market Players Pea protein companies profiled in the report include Shandong Jianyuan Group, Nutri-Pea, Roquette Frères, Axiom Foods, Inc., FENCHEM, COSUCRA, Burcon, The Scoular Company, DuPont, SOTEXPRO, and Ingredion. Enquire Before Buying https://www.acumenresearchandconsulting.com/inquiry-before-buying/1128 Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/1128 Mr. Richard Johnson Acumen Research and Consulting India: +918983225533 E-mail: sales@acumenresearchandconsulting.com