The latest report by MarkNtel Advisors, titled “Pea Protein Market Report By Type (Battery [Lithium-ion Batteries, Lead-acid Batteries, Redox Flow Batteries], By Form (Dry, Liquid), By Type (Isolates, Textured, Concentrates, Others), By Source (Chickpeas, Yellow Split Peas, Lentils), By Application (Performance Nutrition, Meat Substitutes, Functional Foods, Snacks, Bakery Products, Beverages, Confectionery), other and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Pea Protein Market research report.
What is the market outlook for Pea Protein?
The Global Pea Protein Market size was valued at around USD 1.4 billion in 2022 and is projected to grow at around 8% CAGR during the forecast period2024-30.
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Major Companies Operating in the Pea Protein Industry:
Contemporary Amperex Technology Ltd, NextEra Energy, Toshiba Corporation, GS Yuasa Corporation, Siemens, ABB, LG Chem., Voith GmbH & Co. KGaA, Hitachi Energy, Mitsubishi Electric Corporation, Tesla, Samsung SDI, UniEnergy Technologies, LLC, General Electric, ANDRITZ HYDRO GmbH, Others
Pea Protein Market Report Segmentation:
By Type
-Isolates
-Textured
-Concentrates
-Others (Hydrolyzed, Fermented, etc.)
By Form
-Dry
-Wet
By Nature
-Organic
-Conventional
By Source
-Chickpeas
-Yellow Split Peas
-Lentils
By Application
-Performance Nutrition
-Meat Substitutes
-Functional Foods
-Snacks
-Bakery Products
-Beverages
-Confectionery
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/global-pea-protein-market.html
Regional Insights:
- North America: The US, Canada, Mexico
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
- South America: Brazil, Argentina and Others
- Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa
Global Pea Protein Market Possible Restraint: Abundant Availability of Pea Protein Alternatives
The various benefits of pea protein are contributing to their accelerating demand across different regions worldwide. However, the extensive presence of other alternative sources for protein like soy, hemp, rice, pumpkin, chia, sunflower, etc., might act as significant growth restraints for the Pea Protein Market during 2024-30. Additionally, the cost of organic products is relatively higher than conventional products, which adds up to another aspect that might reduce the demand for pea proteins among cost-sensitive consumers and hinder the market expansion in the years to come.
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