Pea Protein Market By Region t
Pea Protein Market By Region – Global
Opportunities & Forecast, 2020-2027
Global Pea
Protein Market
The GMI Research expects that the Pea Protein Market
will expand in terms of size over the forecast period. This is because
of the surging usage of pea proteins in meat alternatives because of their
functional feature.
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Pea Protein Market Dynamics
The augmenting demand for pea protein because of the rising
consciousness among consumers towards healthy and nutritious diet patterns and
increasing drift towards active lifestyle are supporting the growth of the
global pea protein market growth. The pea protein is acquired from plant-based
sources and is perfectly suited vegetarians. Thus, the increasing application
of these innocuous, easy to digest, and anti-allergic protein across drinks,
meat alternatives, bakery items, and dietary products will further supplement
the Pea
Protein market growth. Besides this, the rising drift towards a
flexitarian diet primarily because of the growing agitation towards
cardiological effects of consuming red meat will compel the market growth. In addition,
the aggravating consumption of protein-rich utilitarian food items has
significantly propelled the market growth. The increasing awareness among
individuals concerned with the consumption of protein powder to promote
muscular growth and bone health will drive the overall growth of the market.
However, the menace of alternatives of pea protein which include, soy, whey,
and hemp will restrain the Pea Protein Market size. For example, rice
protein, a substitute of pea protein has gained immense prominence in the
market.
Regional Drivers
Based on the regional analysis, the European region is
anticipated to witness a faster rate over the coming years. The growth in the
region is primarily driven by the growing production and consumption of
plant-based products. Several leading players which include, Emsland Group, and
Cosucra Group, have a strong presence and are primarily emphasising on fulfilling
the ongoing demand for pea protein among the individuals. Additionally, as per
the global Pea Protein
Market analysis, the increasing consciousness among the individuals
about the beneficial features of pea protein has inclined individuals to with
standards introduced by the EU regarding non-GMO products. This is further
supporting the market growth.
About GMI
Research
GMI Research is a market research and consulting firm which
provides market insights and intelligence across 12 major sectors helping our
clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website:
www.gmiresearch.com
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