Global Yellow Pea Protein Market

Yellow Pea Protein Market Size, Share, Growth Analysis, By Type(Isolate, concentrate), By Source process(Conventional, organic.), By Processing method(Dry, wet), By Application(Nutrition & health supplements, meat & alternative meat products), By Form(Powder, liquid) - Industry Forecast 2024-2031

Report ID: SQSG30B2008 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 145 | Figures: 78

Yellow Pea Protein Market Dynamics

Yellow Pea Protein Market Driver

Increasing Demand for Vegan and Vegetarian Food

  • Due to the rising demand for vegan and vegetarian protein sources, the yellow pea protein industry has been expanding rapidly. To enhance the quality of their products, manufacturers are concentrating on cutting-edge technology and products. Additionally, the need for substitute protein components derived from milk derivatives is driven by the rising number of consumers who are lactose intolerant.

Yellow Pea Protein Market Restraint

Availability of Alternative Protein

  • Significant preference for animal based protein restraint the growth of the Global Yellow Pea Protein Market. Many customers are preferred animal based protein due to the easy and low cost price are hindering the market growth.
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FAQs

Yellow Pea Protein Market size was valued at USD 1.65 billion in 2019 and is poised to grow from USD 2.14 billion in 2023 to USD 5.6 billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).

Yellow Pea Protein Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Ingredion', 'Roquette Freres', 'Axiom Foods Inc.', 'Burcon NutraScience Corporation', 'Cosucra Groupe Warcoing SA', 'The Scoular Company', 'Emsland Group', 'Sotexpro', 'AGT Food and Ingredients', 'Vestkorn Milling AS', 'Puris Proteins', 'Glanbia plc', 'Farbest Brands', 'Kerry Group plc', 'Batory Foods', 'Biorefinery Solutions', 'Fenchem Biotek Ltd.', 'Gremount International Company Limited', 'Parabel USA Inc.', 'Nutri-Pea Limited'

Due to the rising demand for vegan and vegetarian protein sources, the yellow pea protein industry has been expanding rapidly. To enhance the quality of their products, manufacturers are concentrating on cutting-edge technology and products. Additionally, the need for substitute protein components derived from milk derivatives is driven by the rising number of consumers who are lactose intolerant.

Plant-based transitions are gradual, but in recent years, an increasing number of consumers have adopted a vegan, partially vegan, or flexitarian lifestyle. It is unlikely that consumers will return to their original state after switching to a plant-based animal-based diet. Furthermore, the plant-based market now has far more options than the meat product market, which is more appealing than taste, primarily to millennial and Gen Z consumers. For the millennial and Gen Z generations. The majority of those polled intend to reduce their meat consumption over the next three years. This is also true for milk consumers. With more options, consumers can reduce their consumption of meat and dairy products even further.

North America dominated the market and held the largest share of the Yellow Pea Protein Market. The growth factors for the market is the increasing adoption of pea protein instead of animal protein. Also, the major manufacturing player are available in that region.

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Global Yellow Pea Protein Market

Product ID: SQSG30B2008

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