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North America Meat Substitutes Pea Protein Market Trends

  • Report ID: GMI4538
  • Published Date: Aug 2024
  • Report Format: PDF

North America Meat Substitutes Pea Protein Market Trends

Technological advancements are fueling significant growth in the North American pea protein industry. Innovations in extraction processes, including enzyme-assisted methods and enhanced filtration technologies, have boosted protein yield and purity while simultaneously cutting production costs. Furthermore, developments in texturization techniques, such as high-moisture extrusion, are refining the functional properties of pea protein, broadening its applicability in food products, from meat substitutes to dairy alternatives.
 

Genetic engineering breakthroughs are also optimizing pea crop varieties for superior protein content and resilience. On another front, companies are harnessing AI and data analytics to refine supply chains and forecast market trends with greater accuracy. These technological strides not only broaden the scope of pea protein applications but also heighten its allure for health-conscious consumers and food manufacturers in search of sustainable protein sources.

Authors: Kunal Ahuja, Manish Verma

Frequently Asked Questions (FAQ) :

The market size for meat substitutes pea protein in North America achieved USD 14.9 million in 2023 and will grow at 11.6% CAGR from 2024 to 2032 owing to the increasing adoption of vegan lifestyles.

The burgers segment held over 68.7% of the market share in 2023 and is projected to expand at a 11.9% CAGR from 2024 to 2032, owing to its moldability and compatibility.

Textured pea protein segment will capture USD 18.6 million and demonstrate a 11.7% CAGR till 2032, driven by the technological advancements.

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North America Meat Substitutes Pea Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 172
  • Countries covered: 3
  • Pages: 200
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