Global Organic Pea Protein Market is expected to rise from its initial estimated value of USD 13.12 billion in 2018 to an estimated value of USD 32.76 billion by 2026, registering a CAGR of 12.12% in the forecast period of 2019-2026. Increasing awareness about the benefits of pea is the major factor for the growth of this market.
Pea protein is foods that is derived from yellow and green peas and usually have neutral taste. This pea protein is widely used in dairy products like cheeses and yogurt. Pea proteins are very healthy because they improve blood circulation, boost metabolism and also help in weight management. Rising demand for the organic food worldwide is major factor fuelling the growth of this market.
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Global organic pea protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of organic pea protein market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the organic pea protein market are ZELANG, Bioway (Xi’An) Organic Ingredients Co.,Ltd., The Green Labs LLC., Farbest Brands., Puris., The Scoular Company, Axiom Foods Inc., A&B Ingredients, Roquette Frères, Burcon Group Ltd, COSUCRA., Glanbia plc., , SOTEXPRO, Shandong Jianyuan Group, Vestkorn Milling AS, YT (Xi’an) Biochem Co.,Ltd.
Segmentation: Global Organic Pea Protein Market
Global Organic Pea Protein Market By Type (Isolates, Concentrates, Textured), Form (Dry, Liquid), Application (Meat Extenders & Analogs, Snacks & Bakery Products, Nutritional Supplements, Beverages, Other Applications), Function (Texturing, Emulsification, Gelation, Stabilization, Other), Brand (Veg-O-Tein Protein, Purispea Protein, Peasipro, Phyto-therapy), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
- Increasing vegetarian population worldwide is driving the growth of this market
- Rising prevalence for organic product among consumer is another factor driving the market.
- High cost of the organic pea protein is restraining the market growth
- Lack of awareness among consumer about organic pea is restraining the market.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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