The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Pea Protein Ingredients Global Market Report 2024, the pea protein ingredients market is expected to show significant growth in the forecast period.

A Flourishing Market: Pea Protein Ingredients Overview

• Strong growth from $1.83 billion in 2023 to $1.96 billion in 2024.
• Compound annual growth rate (CAGR) of 6.9% attributed to various factors.
• Historic growth driven by preference for plant-based protein, demand for meat alternatives, protein-rich foods, and health consciousness.
• Expected growth to $2.67 billion by 2028 at an 8.1% CAGR.
• Forecast growth fueled by rising vegan and vegetarian populations, allergen-free appeal, sustainable sourcing, and emerging market adoption.
• Major trends include innovation in product development, plant-based meat alternatives, customized blends, clean-label packaging, and sports nutrition.

The Surge In Vegetarian And Vegan Diets Fuels Growth Of The Pea Protein Ingredient Market

• Growing popularity of vegetarian and vegan diets drives market growth.
• Pea protein ingredients cater to the protein needs of plant-based consumers.
• Plant-based foods in the U.S. retail sales reached $8 billion in 2022.
• Companies like Cargill Incorporated, Axiom Foods Ltd., and Kerry Group PLC lead the market.

View More On The Pea Protein Ingredients Market Report 2024 – https://www.thebusinessresearchcompany.com/report/pea-protein-ingredients-global-market-report

Textured Vegetable Protein Enhances Market Offerings

• Companies innovate with textured vegetable protein like Vertis for meat alternatives.
• DSM launches Vertis Textured Pea Canola Protein in 2022, offering complete plant-based protein.
• DSM’s acquisition of Vestkorn A/S strengthens its alternative protein business.
• Vestkorn A/S specializes in pea protein products, contributing to market diversification.

Segmentation of the Pea Protein Ingredients Market

1. By Type:
   • Isolates
   • Concentrates
   • Other Types
2. By Source:
   • Yellow split peas
   • Chickpeas
   • Lentils
3. By Application:
   • Bakery and Snacks
   • Dietary Supplements
   • Beverages
   • Meat Substitutes
   • Other Applications

Regional Dynamics in the Pea Protein Ingredients Market

• North America led the market in 2023.
• Asia-Pacific poised for rapid growth in the forecast period.
• Regional trends reflect shifting consumer preferences and market dynamics.

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The Pea Protein Ingredients Global Market Report 2024  provides an in-depth analysis on the pea protein ingredients market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pea protein ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Textured Pea Protein Global Market Report 2024
Protein Expression Global Market Report 2024
Specialty Food Ingredients Global Market Report 2024

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