Organic Pea Protein Market
Organic Pea Protein Market - Global Industry Assessment & Forecast
- By Type Isolates, Concentrates, Textured
- By Application Meat extenders & analogs, Snacks & bakery products, Nutritional supplements, Beverages, Other applications
- By Function Texturing, Emulsification, Gelation, Stabilization, Others
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||USD 18.40 Billion|
|Revenue 2028:||USD 40.17 Billion|
|Revenue CAGR (2021 - 2028):||11.8%|
|Fastest Growing Region (2021 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
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Organic Pea Protein Market: By Type, Application, Form, and Region
The global Organic Pea Protein market was estimated to be valued USD 18.40 Billion in 2021 and is projected to attain a value of USD 40.17 Billion by 2028 at a CAGR of around 11.8% over the forecast period, 2022–2028.
Organic Pea Protein Market Size, 2021 To 2028 (USD Billion)
Demand for Organic Pea Protein is increasing on account of its high nutritional value and lower allergenicity. Organic Pea Protein powder is also gaining traction due to its applications in food ingredients, pharmaceuticals and animal feed. Organic Pea Protein primarily used as an additive in various food products owing to its high nutritional value. The demand for Organic Pea Protein is increasing due to its rising applications in food industry. Growing awareness among consumers about the benefits associated with organic products, especially plant-based proteins, has boosted the demand for Organic Pea Protein.
Growing Demand for Plant Based Protein from Vegan and vegetation Community to Drive Organic Pea Protein Market
With rising consumer preference for vegan diets, vegan foods are gaining traction globally. These are basically processed or prepared without using any animal-derived products, including dairy products or eggs. Growing demand for vegan foods is driving the growth of global Organic Pea Protein market. Demand for Organic Pea Protein is also increasing in the pharmaceutical industry owing to its high nutritional content and other health benefits. Thus, growing demand for organic peas as an ingredient in various applications such as food ingredients, pharmaceuticals and animal feed is expected to drive the demand for Organic Pea Protein.
Global Organic Pea Protein market is segmented by type (isolates, concentrates, textured), by application (nutritional supplements, beverages, meat extenders & analogs, snacks & bakery products, and others), by form (dry, liquid), and region. Asia Pacific is projected to witness fastest growth thanks to rising demand for plant-based protein from huge vegan and vegetarian population based in Asia countries and India.
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By Application, Nutritional Supplement Segment to Hold Prominent Share of Organic Pea Protein Market
The plant protein market is growing rapidly as consumers move away from animal-based proteins. This shift is driven by rising awareness of the health benefits of proteins derived from plants, such as pea protein, compared to those derived from meat and dairy sources. Pea protein has a high nutritional value and good digestibility due to the presence of high levels of essential amino acids. This is further supported by clinical and epidemiological data that show an association between diets rich in plant-based proteins and a lower risk of obesity, heart disease and diabetes. Most of the people around the globe are more likely to prefer Organic Pea Protein because it is also gluten free and suitable for vegan and vegetarian diets, which further expedites its adoption.
Asia Pacific Organic Pea Protein Market to record Fastest Growth
Pea protein is a unique among plant-based proteins, because it has a high nutritional value and is suitable for both vegetarians and meat-eaters with its meaty texture. In addition to this, pea protein offers health benefits such as it reduces LDL cholesterol. The Asia Pacific market has seen a growth in the demand and consumption of pea protein. There are several factors that have contributed to the increased use and consumption of pea protein across Asia Pacific such as Pea protein is seen as a healthy alternative to soy and dairy proteins.
Its contents of lysine, methionine, leucine and arginine are significantly higher than in most other plant-based proteins. Pea protein is also rich in fiber content. It contains about 25-30% protein and 65% of carbohydrates. India has been a large consumer of pea protein becoming the largest consumer of pea protein in Asia Pacific region. India is estimated to have over 5 million vegetarians; thus, it provides a large market for vegetarian food products. More than half of India's population is involved in agriculture. The country has witnessed an increase in its food processing industry, which has increased the availability of pea proteins across the country.
The Scoular Company (U.S.), Axiom Foods, Inc. (U.S.), World Food Processing, L.L.C (U.S.), AIDP, Inc. (U.S.), Farbest Brands (U.S.), Shaanxi Fuheng Biotechnology Co., Ltd (China), Phyto-Therapy Pty. Ltd. (Australia), The Green Labs LLC (U.S.), Zelang Group (China), and Bioway (Xi'an) Organic Ingredients Co., Ltd. (China).
Organic Pea Protein Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Organic Pea Protein Market is tabulated as follows:
Frequently Asked Question
What is the global demand for Organic Pea Protein in terms of revenue?
The global Organic Pea Protein valued at in 2020 and is expected to reach in 2028 growing at a CAGR of 11.8%.
Which are the prominent players in the market?
The prominent players in the market are Scoular Company (U.S.), Axiom Foods, Inc. (U.S.), World Food Processing, L.L.C (U.S.), AIDP, Inc. (U.S.), Farbest Brands (U.S.), Shaanxi Fuheng Biotechnology Co., Ltd (China), Phyto-Therapy Pty. Ltd. (Australia), The Green Labs LLC (U.S.), Zelang Group (China), and Bioway (Xi'an) Organic Ingredients Co., Ltd. (China)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 11.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
The driving factors of the Organic Pea Protein include
- Growing Demand for Plant Based Protein from Vegan and vegetation Community
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Organic Pea Protein in 2020.