QY Research has released a new report titled, “Global Pea Protein Isolate Market Insights, Forecast to 2025,” which studies the crucial factors that drive and restrict the market. The report also provides a quantitative analysis of the current market trends and dynamics of the market. This report also includes key regions, which have been segmented and studied for a comprehensive analysis.
According to the report, the global pea protein market is estimated to touch a valuation of US$959 mn by 2025 from US$437 mn in 2018. The market is expected to register a CAGR of 12.04% throughout the forecast period.
Global Pea Protein Isolate Market: Drivers and Restraints
In the past few years, the demand for pea protein isolates has increased due to the growing demand for meat protein substitutes and rising concerns regarding lactose intolerance among adults. The market is also being driven by the increasing demand for gluten-free products. Rising awareness regarding nutrition enrichment has also increased the importance of dietary supplements, which is likely to fuel market growth.
In addition, the growing awareness about protein consumption amongst vegetarians is also resulting soaring demand for pea protein isolates. Moreover, changing lifestyle is one of the key factors that drive the demand for global pea protein isolates. Growing adoption of a healthier lifestyle choices due to the rising concern for health and wellness among people across the globe is augmenting the demand for the pea protein isolate over the forecast period.
However, lack of awareness among consumer and high cost of pea proteins are the factors restraining the growth of the market in the coming years.
Global Pea Protein Isolate Market: Segment Analysis
The market is segmented into application and product type. The application segment includes sports nutrition food, pet food, health food, energy drinks, and others. The product type segment includes medium purity pea protein isolate (80%-85%), low purity pea protein isolate (75%-80%), and high purity pea protein isolate (>85%).
Global Pea Protein Isolate Market: Geographical Outlook
North America will grab a significant market share in the near future due to factors such as growing demand for gluten-free products, rapid increase in the sports industry, and rising concerns for heart diseases due to the consumption of red meat. The global market for pea protein is also likely to increase in the Europe as concerns pertaining to lactose intolerances rise. Asia Pacific is also estimated to witness promising growth in the pea protein isolates market due to the booming restaurant and hotel industry.
Global Pea Protein Isolate Market: Key Players
Shandong Huatai Food, Emsland Group, Shandong Jianyuan Foods, Roquette, Yantai Oriental Protein Tech, Cosucra, Shuangta Food, and Nutri-Pea.
Global Pea Protein Isolate Market: Competitive Landscape
In June 2019, La Madeleine (France), Roquette, one of the key provider in innovative plant-based pharmaceutical ingredients, launched its new product called wheat-free nutraceutical product. The product is aimed to cater to the gluten-free demand. New product development strategy is adopted by the companies to attract consumers and earn a higher revenues.
Full Report Overview@ https://www.qyresearch.com/index/detail/648654/global-pea-protein-isolate-market