Pea Protein Isolate Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Brazil, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3831
Pea Protein Isolate Market size shall exhibit significant growth over the forecasted timespan owing to the increasing concerns towards lactose intolerance among consumers and rising importance of organic ingredients in food & beverages. The product offers exceptional nutritional benefits, excellent emulsification, high solubility and is ideal for consumers with various food allergies, sensitivity and intolerances which is likely to stimulate the product demand.
Pea protein isolate is a plant based protein which is gluten free, lactose free and hypoallergenic. It provides essential amino acids, high quality protein, iron, several minerals and is recommended to consumers with gluten intolerances. The product is free from several allergens such as lactose, soy, offers a smooth chalky texture and is widely used for muscle growth and recovery.
Increasing health consciousness among consumers has fueled the demand for health clubs and fitness centers which in turn has boosted the demand for sports nutrition products. Global sports nutrition market was valued over at USD 50 billion in 2018 which is likely to have a positive impact on pea protein isolate market growth. These products are extensively used in protein bars and shakes pertaining to their ease of digestion, low levels of saturated fat and capability to provide balanced & nutrient rich diet. Rise in per capita income along with favorable government initiatives towards health promotion shall boost the demand for pea protein isolate over the projected timespan.
Meat forms an essential part in maintaining health and fulfilling protein needs of the body. However, growing health concerns related to elevated cholesterol, obesity, diabetes, high blood pressure and heart disease has shifted consumer towards meat substitutes. Plant based pea protein isolate contains around 90-95% protein and is widely utilized as meat alternative pertaining to their similar functional and nutritional properties, flavor as animal meat. Market value of meat substitutes in the U.S. amounted over USD 4 billion in 2018 which shows favorable circumstances for the market to grow. Rising health concerns among vegetarians, vegans and people with sensitivities and allergens to eggs, dairy products and meat along with increasing consumer awareness towards plant based protein is likely to foster the pea protein isolate market growth.
Pea protein isolate is widely utilized in the bakery & confectionary sector owing to its high protein profile and superior emulsifying and gelling properties. These products enhance the texture in protein enriched baked goods, deliver superior bread quality with crumb softness and good volume. The global market for bread & bakery products amounted a volume over 91 million tons in 2017. Growing advancements in food manufacturing processes has urged manufacturers to focus on experimentation and innovation in gluten-free, high fiber and non-allergen baked products which is likely to drive the pea protein isolate demand.
North America pea protein isolate market demand led by the U.S and Canada is likely to exhibit substantial growth during the projected time period on account of the growing sports nutrition industry in the region. The U.S. market for sports protein powders was valued over at USD 3 billion in 2017 which shows significant opportunities for the market growth. Pea protein isolate enhances muscle thickness, balances blood sugar levels and improves exercise performance. Higher concentrations of L-arginine in pea protein isolates than other protein sources which stimulates the secretion of human growth hormone and helps in boosting muscle mass, metabolism and regulation of growth have major impact on market growth. Increasing prevalence of various health diseases along with rise in number of youth and middle-aged people involved in sports activities may induce regional growth.
Europe driven by France, Italy, UK, and Germany pea protein isolate market size may witness significant growth during projected period pertaining to the rising demand for ready to eat products. The retail sales value of bakery products in Germany amounted over at USD 24 billion in 2018. Increasing demand for high-fiber biscuits and whole wheat bread containing plant based ingredients is expected to have positive impact on market growth. Rising disposable income has enhanced the purchasing power of consumers which has boosted the demand for organic, whole grain baked products, thereby driving the pea protein isolate market demand.
Asia Pacific pea protein isolate market demand led by China, India and Japan may witness substantial growth owing to the increasing demand for meat substitutes in the region. Rising health issues among aging population in China and Japan such as obesity, diabetes pertaining to the excess consumption of meat products has shifted consumer inclination towards several plant based meat substitutes. The pea protein isolate is highly beneficial when it comes to balancing normal blood sugar levels. The rising diabetic population in China amounted to 114 million people in 2017 indicates high potential for pea protein isolate’s demand growth over the projected period. These products significantly reduce inflammation and lower high blood pressure which is beneficial for diabetic patients. Increasing vegan trend along with rapid increase in health issues has increased the number of consumers preferring plant based products which may foster pea protein isolate product demand.
Global pea protein isolate market share is competitive as market consist of a large number of market players. Companies such as NOW Foods, Roquette Freres, Axiom Foods, Farbest-Tallman Foods Corporation and Glanbia, Plc. are key players operating in the market.
Pea Protein Isolate Market, By Application, 2014-2025 (Tons) (USD Million)
- Sports nutrition
- Bakery & Confectionary
- Meat alternatives
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- A&B Ingredients
- Shandong Jianyuan Foods
- Axiom Foods
- Roquette Freres
- Burcon Nutrascience
- Cosucra Groupe Warcoing
- Farbest-Tallman Foods
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