Global Textured Pea Protein Market Overview And Prospects
Learn about the global textured pea protein market through The Business Research Company, which provides information on textured pea protein market size, textured pea protein market drivers and restraints, textured pea protein market players, the COVID-19 impact on the textured pea protein market, and more.
The global textured pea protein market is expected to grow from $418.43 million in 2020 to $471.96 million in 2021 at a compound annual growth rate (CAGR) of 12.8%. The growth of the textured pea protein market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The textured pea protein market is expected to reach $673.37 million in 2025 at a CAGR of 9.3%.
The rising consumer interest in plant-based protein is expected to drive innovation in textured pea protein manufacturing, thus driving the market during the forecast period.
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The textured pea protein market consists of sales of textured pea proteins by entities (organizations, sole traders, and partnerships) that are extracted from peas to create high-protein, plant-based meat substitutes. It is a naturally gluten-free and soy-free product with a pleasant taste and texture, offering it as an ideal complement to popular ingredients in a variety of applications. Textured pea protein is non-GMO and has low allergenicity which makes it a great alternative to wheat and soy products.
Global textured pea protein market segments include:
By Product Type: Yellow Peas, Green Peas
By Nature: Organic, Conventional
By Processing Type: Dry Processing, Wet Processing
By End Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic And Personal Care, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the textured pea protein market in 2020.
The launch of organic pea protein isolate is an emerging trend in the textured pea protein market. Major companies operating in the textured pea protein sector are focused on introducing organic pea protein to meet the consumer demand for organic protein products.
TBRC’s textured pea protein market report covers:
Major Market Players: Roquette, Puris Foods, Burcon Nutrascience Corporation, Nisco ApS, Sotexpro, Exeller N.V., Vestkorn Milling AS, Nutri-Pea Limited, Cosucra Groupe Warcoing SA, Scoular, Axiom Foods Inc, AGT Foods, The Green Labs LLC, DuPont Nutrition & Biosciences, Shandong Jianyuan Group, and Kerry Group plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Textured Pea Protein Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides textured pea protein market overviews, analyzes and forecasts market size, share, textured pea protein market players, textured pea protein market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s textured pea protein market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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