The Europe Pea Protein Market would witness market growth of 18.1% CAGR during the forecast period (2020-2026). The human body is incapable of producing nine essential amino acids which are present in pea protein. The various factors like increased health awareness, several health advantages, and high demand for meat protein substitutes are expected to propel the growth of the global pea protein market in the next few years.
Moreover, the market would witness various growth prospects due to aspects like the adoption of healthy lifestyles using pea protein in several products, a constant surge in food & beverages industries, and massive demand for organic-based foods, and advancements in protein-based products, have augmented the pea protein market development. The increasing number of consumers looking for simpler labels, appealing taste, and substitute protein sources would boost the growth of the pea protein market. Though, the accessibility of alternative proteins and the absence of consumer awareness regarding the pea protein-based products may hamper the development of the market throughout the forecast years.
Pea protein faces a risk of replacement from alternate ingredients like soy, hemp, and whey. Rice protein is considered as another ingredient that has been becoming popular around the world. While comparing the nutritional content, both pea and rice proteins have equivalent protein content (generally 15-22 grams per 100 calorie serving) and are gluten-free, and allergy-friendly. Growing consumption of whey protein due to several advantages, like muscle growth and ease to digest, has slowed down the utilization of peas protein, hence hampering the growth of the market.
The Isolates market dominated the Russia Pea Protein Market by Product in 2019, thereby, achieving a market value of $9,464.9 Thousands by 2026. The Concentrates market is showcasing a CAGR of 18.1% during (2020 - 2026). The Textured market is estimated to grow at a CAGR of 20.2% during (2020 - 2026). Additionally, The Hydrolysate market is expected to witness a CAGR of 21.8% during (2020 - 2026).
Based on Application, the market is segmented into Dietary Supplements, Bakery Goods, Meat Substitutes, Beverage and Other Applications. Based on Product, the market is segmented into Isolates, Concentrates, Textured and Hydrolysate. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Pea Protein Market in Europe is expected to register a CAGR of 18.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Glanbia PLC, DuPont de Nemours, Inc., Ingredion, Incorporated, Roquette Freres, The Green Labs LLC, Fenchem Biotek Ltd., A&B Ingredients, Inc., The Scoular Company, Axiom Foods, Inc., and Emsland Group.
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