Pea protein ingredients market is valued at US$ 1.25 Bn in 2021. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 2.5 Bn by 2031, rising at a CAGR of 7.2% between 2021 and 2031.

Pea Protein Ingredients Market Overview

Rising demand from various end-use industries such as bakery & snacks, beverages and others is expected to fuel pea protein ingredients market growth during the forecast period. Increasing preference for natural ingredients in food products also will continue pushing sales in the pea protein ingredients market.

Rising popularity of pea protein can be attributed to its high protein content, sustainability, availability, intriguing functionality, affordability, and hypoallergenic properties. Owing to these benefits, various food and beverage companies are incorporating pea protein ingredients in their products. This is expected to propel sales of pea protein ingredients in the forthcoming years.

Key Takeaways:

The U.S. is estimated to account for more than 79.0% of the North America pea protein ingredients market in 2021. China is estimated to account for nearly 43.3% of the East Asia pea protein ingredients market share in 2021. Germany will emerge as a lucrative market, holding 16.3% of the Europe market share in 2021. Sales of pea protein ingredients are anticipated to continue rising in the U.K., holding 14.0% of the Europe market share. Demand for protein ingredients in India is expected to rise at a 11.4% CAGR over the forecast period. Thailand pea protein market is projected to expand at a 9.4% CAGR in 2021.

Competitive Landscape

Some of the leading companies offering pea protein ingredients are A&B Ingredients Inc., Nutri Pea Ltd, Archer Daniels Midland Company, Kerry Group PLC., Cargill Incorporated, The Scoular Company, Axiom Foods, Inc., Batory Foods, PLT Health Solutions, Prinova Group LLC, and others.

Pea Protein Ingredients Market Segments:

By Product Type:

• Isolates
• Concentrates
• Textured

By Application:

• Bakery and Snacks
• Dietary Supplements
• Beverages
• Meat Analogs/Substitutes
• Others

By Form:

• Powder
• Liquid
• Others

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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