Pea Protein Market

Meticulous Research Projects Hearing Pea Protein Market to Reach $1.14 Billion by 2029 pen_spark J

Hearing Aids Market 2024-2031 Meticulous Research , a globally recognized market intelligence company, has published an insightful research report titled "Pea Protein Market Worth $1.14 Billion by 2029." According to this latest publication, the pea protein market is expected to expand at a compound annual growth rate (CAGR) of 15.7% from 2022 to 2029, reaching a valuation of $1.14 billion by 2029. In terms of volume, the global market is anticipated to grow at a CAGR of 12.7% during the same period, totaling 4.68 million tons by 2029. This robust growth is driven by several factors, including the increasing consumer interest in plant-based nutrition, a surge in health and wellness trends, and the expanding plant-based food market. Additionally, growing consumer awareness of the nutritional benefits of pea and pea-derived products, coupled with the strategic focus of key players on developing innovative pea protein ingredients, is fueling market expansion. Download Sample Copy Here : https://www.meticulousresearch.com/download-sample- report/cp_id=5054 Growth Opportunities and Market Challenges The report highlights significant growth opportunities in emerging markets, alongside the increased launch of pea protein-based products, which are set to propel market growth. However, the market faces challenges, including the prevailing preference for animal-based protein, which hampers broader adoption of pea protein. Furthermore, competition from other plant-based proteins presents a challenge for manufacturers. Market Segmentation and Key Insights The global pea protein market is analyzed based on type, source, processing method, form, application, and geography. The report provides historical market data for 2020 and 2021, current estimates for 2022, and forecasts for 2029. By Type: The market is categorized into pea protein isolates, concentrates, textured proteins, hydrolysates, pea flour, and other proteins. Pea protein isolates are expected to dominate the market in 2022, owing to their high protein content, superior emulsification, and stability properties. This segment finds growing applications in high-performance nutrition and snack products. Notably, pea protein hydrolysates are projected to experience the fastest growth during the forecast period. By Source: The segmentation by source includes yellow and green peas. In 2022, yellow pea protein is anticipated to hold the largest market share, with the segment also expected to witness the fastest growth, driven by its versatility in diverse food and beverage applications, particularly in emerging alternative meat products. By Source Process: The market is divided into organic and conventional pea protein. Conventional pea protein is projected to maintain the largest share in 2022, attributed to its lower cost, extended shelf life, and the wide availability of crop varieties. However, the organic pea protein segment is forecasted to grow at the highest CAGR, fueled by rising demand for clean-label products and an increasing number of certified organic pea farms. By Processing Method: The market is segmented into dry and wet processing methods. The dry processing method is expected to lead the market in 2022 due to its lower capital, energy, and water requirements, along with high demand from food and Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Hearing Aids Market 2024-2031 beverage manufacturers. Conversely, the wet processing segment is anticipated to grow at the highest CAGR during the forecast period. By Form: The market is classified into dry and liquid forms. In 2022, the dry form segment is predicted to account for the largest share, driven by the ease of handling, transportation, cost-effectiveness, and ability to maintain ingredient stability. The liquid form segment is expected to grow at the highest CAGR due to rising demand in the dairy alternatives industry and increased applications in innovative products. By Application: The pea protein market is segmented into nutrition and health supplements, meat and alternative meat products, bakery products, dairy and dairy alternatives, cereals and snacks, beverages, pet food, and others. In 2022, nutrition and health supplements are set to dominate the market, driven by the increasing prevalence of nutrition-related diseases, the benefits of pea protein in sports performance, and broader health and wellness trends. Meanwhile, the meat and alternative meat products segment is expected to witness rapid growth, supported by the rising veganism trend, new product launches, and growing concerns over animal- related diseases. Geographical Analysis Geographically, the pea protein market is segmented into North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share in 2022, underpinned by a well-established food and beverage industry, growing concerns over animal-based proteins, an expanding vegan population, and a strong preference for meat alternatives. The region's leadership is further bolstered by significant pea production and the presence of key pea protein manufacturers. Read Full Report : https://www.meticulousresearch.com/product/pea-protein-market- 5054 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value- driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Hearing Aids Market 2024-2031 Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com