Market Overview:

Pea protein is extracted from yellow peas and has a neutral taste. It is a rich source of protein and amino acids. Being a plant-based alternative, pea protein is widely used in protein bars, shakes, and other sports nutrition and wellness products.

Market key trends:

One of the key trends driving the pea protein market is the rise in vegan and flexitarian population globally. Pea protein is becoming increasingly popular among health-conscious consumers as a plant-based alternative to whey and soy proteins. It has high nutritional value and helps build muscle mass. Growing awareness about the various health benefits of pea protein such as weight management, diabetes control and cardiovascular health is further fueling the demand.
Segment Analysis
The global pea protein market is segmented on the basis of type and application. Based on type, the market is segmented into pea protein isolate, pea protein concentrate, and textured pea protein. Among these, pea protein isolate segment dominates the global market as it contains maximum protein content with low starch and fiber. Pea protein isolate provides flexibility and functionality to food products and is highly used in nutritional supplements due to its nutritious content.

Key Takeaways
The Global Pea Protein Market Demand is expected to witness high growth, exhibiting CAGR of 9.1% over the forecast period, due to increasing preference for vegan and plant-based proteins.

Regional analysis
Europe dominates the global pea protein market and is expected to continue its dominance over the forecast period. This is attributed to the rising health consciousness among consumers and growing vegan population in the region. Asia Pacific is expected to be the fastest growing market for pea protein due to rapid urbanization and changing dietary patterns of consumers in countries like China and India.

Key players
Key players operating in the pea protein market are Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co. Burcon Nutrascience holds significant market share due to its wide range of pea and canola protein products.

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