Pea protein is a food with a neutral taste that is used in dairy alternatives such as cheeses and yogurt. It is extracted from the yellow pea, Pisum sativum, and has a typical legume amino acid profile.
The pea protein industry has developed rapidly recent years, and the industry concentration is very high due to the high technology barrier. The global leaders are Roquette, and Cosucra. The production of the manufacturers listed in the report occupied for over 85% market share of global in 2016. The key players include Emsland Group, Roquette, Cosucra, Nutri-Pea, Shuangta Food, Oriental Protein Tech, Jianyuan Group, and others.
On a global scale, the high-tech pea protein product is in the early stages of the global industrialization compared to other plant protein industry. The whole pea protein market is driven by the new protein extraction technology, advanced R&D initiatives, and rising vegetarian population.
Currently, the factors driving the growth of the aforementioned industry are Dietary Supplement, Beverage, pet food industry and others. As the demand increases rapidly for downstream industries, and the wider range of applications, the demand for pea protein will correspondingly increase. The increased consumption of pea protein is expected to continue during the remaining years of the forecast period of 2018-2023. Pea protein industry will usher in a rapid growth space.
Although the market prospect of pea protein is very good, but there is a potential threat. That is pea protein and pea starch shares the same production line. Strictly speaking, pea protein is a byproduct of pea starch. Although Europe produces a large amount of pea protein, large amount of pea starch was also produced and could not be consumed locally. the main areas of consumption of pea starch are in the Asia Pacific region. But the whole Asia Pacific region is not enough to consume the whole pea starch, which wastes the resource of pea processing. Therefore, the development of pea protein requires a balance between the two products.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability, such as Roquette. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in pea protein market will become more intense.
In China, Yantai Shuangta is the most advanced producer, has top pea protein extraction technology, the only circulating integrated industrial chain. There is no large competitor in pea protein market. In Shuangta Food, pea protein contains more than 80% protein, and applied in health care products, beverages and others.
The report offers detailed coverage of Pea Protein industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Pea Protein by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Pea Protein market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Pea Protein market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Emsland Group
Roquette
Cosucra
Nutri-Pea
Shuangta Food
Yantai Oriental Protein Tech
Shandong Jianyuan Foods
Shandong Huatai Food
At the same time, we classify Pea Protein according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Pea Protein Isolates
Pea Protein Concentrated
Market by Application
Dietary Supplement
Baked Goods
Healthy Food
Pet Food
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Pea Protein market for the forecast period 2021 - 2025?
• What are the driving forces in the Pea Protein market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Pea Protein industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?