Pea Protein Market Analysis

Pea Protein Market Analysis

Pea protein market value from the isolates product segment will register over 10% CAGR through 2032. Excellent emulsification, high amino acid content, and enhanced water-binding properties are among the key attributes bolstering the usage of pea protein isolates. Due to good solubility, varied isolate pea proteins have also been developed for wet applications, including plant-based milk beverages, clinical nutrition products, and egg-free glazing.
 

Pea protein are widely used as meat substitutes due to growing vegetarian population. Vegetarian population is still struggling for fulfill their daily protein intake, as most protein sources are derived from animals. Moreover, eating a vegetarian diet can be very healthful and rewarding. Considering it’s a plant-based protein, the amino acid profile of pea protein is impressive. Also, the positive outlook on meat substitutes as a result of rising vegetarian population is set to have a positive impact on the industry growth. These attributes will amplify the usage of pea protein products in meat substitute for food. The pea protein for meat substitutes application in North America market is set to witness 11.6% CAGR during the forecast period.
 

Europe pea protein market share is estimated to exhibit an 8.5% CAGR during the forecast period, given the rising consumption of healthy foods. Consumer demand for bread and other baked goods has also accelerated. Growing demand of ready to eat food due to high convenience, spiked in the demand for functional foods and health-conscious population contributes high demand for protein-rich foods, especially pea protein and related ingredients in Europe. These factors will escalate the use of ingredients such as pea protein in baked foods as a part of high-protein formulations and consequently.