Pea Protein Market worth $32 Million by 2019, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

The report, now available on ASDReports, “Pea Protein Market by Type (Isolates, Concentrates, and Textured (Wet and Dry), Application (Meat Extenders & Analogs, Snacks & Bakery Products, Nutritional Supplements, Beverages, and Others), & Geography - Global Trends & Forecasts to 2019” defines the pea protein market and segments it into food, beverage, segments with analyses and projections of the market size of each of these segments, in terms of value and volume. It also identifies the driving and restraining factors for the pea protein market with an analysis of trends, opportunities, burning issues, and challenges.

The pea protein market is driven by new advanced extraction technology development, and rising vegetarian population. The key market players adopt strategic partnerships as their preferred strategy to sustain the competition in the market. R&D and patents in pea protein extraction has further driven the market.

In 2013, North America was the largest market for pea protein. The Asia-Pacific market for pea protein is projected to grow at the highest CAGR of more than 9% during the review period, due to the increasing demand of pea proteins for food applications in emerging markets such as China, India, and Japan. The market is estimated to grow with the advancement in protein extraction technology of pea protein.

The report includes development strategies and product portfolio of the leading companies. The company profiles of leading companies such as Roquette Freres (France), Burcon NutraScience ltd. (Canada) Consucra-Groupe Warcoing (Belgium), and Nutri-Pea Limited (Canada), and leading suppliers of pea proteins have been included in the report. Players in the pea protein market constantly invest in R&D to develop new extrusion technology to gain a competitive edge over others in the market.