The Worldwide Pea Derivatives Market is Projected to reach USD 5 Billion by 2028, at a CAGR of 10.6%

Pea Derivatives Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Pea Derivatives Market size is expected to reach $5 billion by 2028, rising at a market growth of 10.6% CAGR during the forecast period.

The Bakery Goods segment is showcasing a CAGR of 11.2% during (2022 - 2028). Particularly in gluten-free applications, pea derivatives like starch and protein have various useful properties for bakery applications, such as holding onto water and gel and improving browning. Moreover, replacing possible allergens like gluten or soy with pea proteins in baked goods reduces sensitivity. Due to consumers' growing health consciousness, bakery makers are introducing goods with functional ingredients to boost their health appeal.

The Pea Protein segment is leading the Global Pea Derivatives Market by Type in 2021 thereby, achieving a market value of $3.3 billion by 2028. Vegan diets are becoming increasingly popular due to the rising frequency of health problems like diabetes and obesity, especially among younger generations. Also, the care of animals has a detrimental influence on the environment and makes a small contribution to global warming. Although this effect has not been properly quantified, it is commonly acknowledged.

The North America market dominated the Global Pea Derivatives Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.7 billion by 2028. The Europe market is experiencing a CAGR of 10.2% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 11% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/pea-derivatives-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of International Flavors & Fragrances, Inc., Roquette Freres SA, PURIS, NutriPea LP (G.S. Dunn Dry Mustard Millers), The Scoular Company, Fenchem Biotek Ltd., The Green Labs LLC, COSUCRA Groupe Warcoing S.A., Burcon NutraScience Corporation, and Sotexpro (GEMEF Industries).

Global Pea Derivatives Market Segmentation

By Application

• Meat Substitutes
• Bakery Goods
• Dietary Supplements
• Beverages
• Others

By Type

• Pea Protein
  • EIsolates
  • Concentrates
  • Textured
  • Hydrolysate
• Pea Starch
• Pea Fiber
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• International Flavors & Fragrances, Inc.
• Roquette Freres SA
• PURIS
• NutriPea LP (G.S. Dunn Dry Mustard Millers)
• The Scoular Company
• Fenchem Biotek Ltd.
• The Green Labs LLC
• COSUCRA Groupe Warcoing S.A.
• Burcon NutraScience Corporation
• Sotexpro (GEMEF Industries)

Related Reports:

North America Pea Derivatives Market Size & Share to 2028

• March-2023
• 77 Pages

LAMEA Pea Derivatives Market Size & Growth Trends to 2028

• March-2023
• 86 Pages

Europe Pea Derivatives Market Size & Forecast by 2022-2028

• March-2023
• 87 Pages

Asia Pacific Pea Derivatives Market Size & Growth to 2028

• March-2023
• 88 Pages