Yellow Pea Protein Market Overview:

Yellow pea protein is a supplement that is primarily extracted from yellow peas and is increasingly used across the food & beverages sector to increase protein content in shakes and smoothies. Over the past decade, new food trends have emerged at a consistent rate around the world, including veganism, free form, clean-label, and chemical-free.

As a result, the demand for yellow pea protein has witnessed steady growth and the trend is expected to gain further momentum during the forecast period. The health benefits associated with yellow pea protein is another major factor that has attracted considerable interest from food manufacturers.

Increasing demand for gluten-free products in the U.S., the sport nutrition industry’s robust growth are important factors that positively influence growth. Yellow pea protein processed by dry processing segment accounted for 68.2% of total revenue market share in 2020 and is expected to continue to lead over the forecast period. Major use of the form in the production of nutritional health supplements, bakery goods and meat products is expected to fuel the segment in the global market.

Who is winning?

Yellow pea protein manufacturers market products for utilization in meat substitutes, nutritional supplements, snacks, and baked goods to the food and beverage industries. Many of the manufacturers formed strategic relationships with distributors to ensure distribution of yellow pea protein. Roquette America entered into a strategic alliance with World Food Processing to produce and sell their North American pea protein isolates. World Food Processing also participates in the processing and cultivation of several grains, one of the primary ones being yellow peas.

Roquette Frères is focusing on expanding its production units to fulfil the demand of protein products. In 2017, the company built a pea protein production unit in Canada to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America. The company focuses on producing various innovative pea protein products, frequently.

Key Market Segments:

By Product Type

• Protein Concentrates
• Protein Isolates
• Textured Protein
• Hydrolyzed Protein

By Nature

• Conventional
• Organic

By End- Use

• Food Processing
  • Meat Alternatives
  • Bakery Products
  • Confectionery
  • Snacks & Cereals
  • Meat-Based Products
  • Others
• Animal Feed
  • Livestock
    • Cattle
    • Swine
    • Poultry
  • Pet Food
  • Aqua feed
• Nutraceuticals
• Sports Nutrition
• Infant Nutrition
• Cosmetic & Personal Care

By Process Type

• Dry Processing
• Wet Processing

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Yellow pea Protein Market Outlook & Key Findings

• Global yellow pea protein market to rise at a CAGR of 6.1% between 2020 and 2030
• Organic yellow pea protein ingredients segment is expected to have CAGR 7.1% in the forecast period
• The market for food processing segment is valued at US$ 861.4 Mn in year 2020 which is expected to be valued at US$ 1,492.3 Mn by the end of 2030
• Amongst yellow pea protein end use segment, the demand from food processing sector is estimated to lead market share with 50.4% share in 2020
• In the processing type segment, wet processing is expected to grow at a CAGR 6.8%
• North America is anticipated to have largest market share of yellow pea protein industry with a value share of 32.8% in the year 2020

For More Information: https://www.futuremarketinsights.com/reports/yellow-pea-protein-market