Pea Protein Ingredients Industry 2020 – Global Industry Trends, Size, Opportunit
Posted by Mangesh Mahajan on March 25th, 2020
Market Research Future published a half-cooked research report on the Pea Protein Ingredient Market, which contains information from 2017 to 2023. The North American pea protein ingredient market is projected to grow at a CAGR of over 9.3% during the forecast period 2017-2023
Pea protein is a plant based protein extracted from yellow pea, green pea or Pisum sativum and is trending as a source of healthy diet additive. Being a nutritional additive, it is gaining popularity in the food and beverage industry. Furthermore, increasing vegan population is driving the pea protein ingredient market. Moreover, increasing awareness among consumers about healthy diet and inclination of consumers towards healthy diet supplement are boosting the growth of the global pea protein ingredient market. Moreover, it is a nutritional additive in animal feed, which has opened doors for this market in the livestock industry. Additionally, with an advantage of being a gluten free product, it may hamper the egg protein market
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major used cooking oil market players. It further includes product portfolios, developments of leading players, which includes
The Pea Protein Ingredient Market is segmented on the basis of product, form, application, and region.
This market research report further provides an insight on various levels of analysis such as industry analysis, market share analysis as well as leading market players and their profiles. This report also helps in studying target consumer segments by providing views on emerging and high-growth segments and market size. Together the market data comprise and discuss basic valuations on the competitive scenarios and strategies of the North American pea protein ingredients market including high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views of historical market values as well as pricing and cost analysis of the same.
The North American pea protein ingredient market is projected to grow at a CAGR of 9.3% over the forecast period. Pea protein is a plant-based protein extracted from yellow pea, green pea or Pisum sativum. It is used as a nutritional additive in dietary supplement, bakery goods, meat substitutes, confectionaries, packaged goods, functional beverages, animal feed, and others. Its vast applications have surged the growth of the pea protein ingredients market.
North America is a leading pea protein ingredients market and is expected to grow substantially over the forecast period 2017-2023. Changing lifestyle along with increasing awareness towards healthy diet, and rising demand for energy drinks and processed foods are driving the market growth in this region. Moreover, increasing demand for gluten free products in the U.S. supported by rising concern towards cardiovascular diseases caused from red meat consumption is adding fuel to the market.
Furthermore, rising importance of organic farming owing to strong regulatory guidelines in the U.S. to provide incentives to farmers is expected to increase the farming of pea crop, which, in turn, will increase raw material availability in the market. All these factors will lead to the growth of North American market at a CAGR of 9.3% during the forecast period 2017-2023.
Access Complete Report @ https://www.marketresearchfuture.com/reports/pea-protein-ingredient-market-4517
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About the AuthorMangesh Mahajan
Joined: July 17th, 2019
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