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Pea Protein Market Size
- Report ID: GMI362
- Published Date: Mar 2023
- Report Format: PDF
Pea Protein Market Size
Pea Protein Market size reached USD 200.5 million in 2023 and is poised to depict a 10.1% CAGR from 2024 to 2032, on account of the growing burden of celiac disease.
Consumers are shifting increasingly toward gluten-free diets to reduce weight and control the symptoms of celiac disease, which is highly prevalent in several developed economies such as America. Based on statistics from a Beyond Celiac report, approximately 3.2 million Americans are diagnosed with celiac disease. This high disease burden will promote the consumption of pea protein as a gluten-free protein source
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pea Protein Market Size in 2023: | USD 200.5 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 10.1% |
| 2032 Value Projection: | USD 480 Million |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 215 |
| Tables, Charts & Figures: | 204 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Growing demand for pea protein in various applications including meat substitutes, sports supplements, nutraceuticals, bakery products, and beverages is expected to drive the pea protein market growth. With the growing preference for meat alternatives, the plant-based protein industry has been thriving worldwide. As per survey data from Kerry, in 2021, 61% of consumers preferred plants as a protein source over animal-based proteins, further contributing to pea protein production. Despite the favorable business landscape, however, the availability of substitutes such as soy protein may limit industry development.
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Pea Protein Market Scope
