Pea Protein Ingredients: Global Market Intelligence (2023-2030)

REPORT OBJECTIVES

The report "Pea Protein Ingredients: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, form, application, and geography. Market size and forecast (2023-2030) has been provided in the report.The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents- selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

Global pea protein ingredients market is expected to grow at a CAGR of more than 7% CAGR from 2023 to 2030. The global market for pea protein ingredients is being driven by several factors. Firstly, the rising demand for plant-based protein sources as an alternative to animal-based proteins is a significant factor. This demand is driven by health concerns related to animal-based proteins, environmental concerns related to animal farming, and ethical concerns related to animal welfare. Pea protein is considered an attractive option for plant-based proteins due to its high protein content, low allergenicity, and easy digestibility.

The USA, France, China, Japan, and India are the leading countries in pea protein ingredients market.

The key players operating in this market are Axiom Foods, Burcon, Cosucra, Glanbia Nutritionals, Nutri-Pea, Roquette, and Sotexpro among many others.

Sprout Intelligence expert team projected the global pea protein ingredients marketis expected to cross mark of USD 20 billion.