MarketResearchNest.com
adds “Global Pea Protein Market Growth
2019-2024”new report to its research database.
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 RandD 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.
According to this study, over the next five years the Pea
Protein market will register a 11.8% CAGR in terms of revenue, the global
market size will reach US$ 1160 million by 2024, from US$ 590 million in 2019.
In particular, this report presents the global market share (sales and revenue)
of key companies in Pea Protein business, shared in Chapter 3.
This report presents a comprehensive overview, market
shares, and growth opportunities of Pea Protein market by product type,
application, key manufacturers and key regions and countries.
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This study considers
the Pea Protein value and volume generated from the sales of the following
segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Pea
Protein Isolates
·
Pea Protein
Concentrated
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Dietary
Supplement
·
Baked
Goods
·
Healthy
Food
·
Pet Food
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This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Emsland Group
·
Roquette
·
Cosucra
·
Nutri-Pea
·
Shuangta Food
·
Yantai Oriental Protein Tech
·
Shandong Jianyuan Foods
·
Shandong Huatai Food
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global Pea Protein
consumption (value and volume) by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Pea Protein
market by identifying its various subsegments.
·
Focuses on the key global Pea Protein
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competition landscape, SWOT analysis and development plans in
next few years.
·
To analyze the Pea Protein with respect to
individual growth trends, future prospects, and their contribution to the total
market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of Pea Protein
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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