The textured pea protein global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Textured Pea Protein Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The textured pea protein market size has grown strongly in recent years. It will grow from $0.58 billion in 2023 to $0.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increased demand for plant-based proteins, growth in consumer awareness of health and nutrition, rise in incidence of lactose intolerance and allergies, expansion of vegetarian and vegan diets, improved taste and texture of textured pea protein products.
The textured pea protein market size is expected to see strong growth in the next few years. It will grow to $0.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising adoption of clean label and natural ingredients, regulatory support and approvals for pea protein, increasing focus on sustainable and ethical sourcing practices, growing consumer interest in sports nutrition and fitness, market penetration in emerging economies. Major trends in the forecast period include technological advancements in protein extraction and processing, innovation in product formulations and applications, texture and mouthfeel enhancement, functional benefits beyond protein, nutritional enrichment and fortification.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/textured-pea-protein-global-market-report
Scope Of Textured Pea Protein Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Textured Pea Protein Market Overview
Market Drivers –
The rising consumer interest in plant-based protein is contributing to the growth of the textured pea protein market. In recent years, consumer interest in plant-based diets has increased significantly with vegan, vegetarian, and flexitarian diets becoming quite prevalent. The protein level of textured pea protein components is among the highest on the globe, with a pleasant taste and attractive texture. According to the Good Food Institute published report in 2021, a US-based non-profit organization to promote plant-based and cell-based alternatives to animal products, sales of plant-based foods increased three times more quickly than those of non-plant-based meals as compared to its previous years in the year 2021 in the US. Therefore, the rising consumer interest in plant-based proteins propels the growth of the textured pea protein market.
Market Trends –
The launch of organic pea protein isolate is an emerging trend in the textured pea protein market. Major companies operating in the textured pea protein sector are focused on introducing organic pea protein to meet the consumer demand for organic protein products. For instance, in June 2021, Roquette Freres, a France-based company operating in plant-based ingredients, announced the launch of NUTRALYS, a range of organic textured proteins from peas and fava beans. NUTRALYS provides 11 levels of textured proteins that provide a wide range of forms and textures with a neutral flavor and clean label, enabling a variety of meals that substitute meat and fish and offer the possibility to develop both tasty and organic plant-based gastronomy.
The textured pea protein market covered in this report is segmented –
1) By Product Type: Yellow Peas, Green Peas
2) By Nature: Organic, Conventional
3) By Processing Type: Dry Processing, Wet Processing
4) By End Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic And Personal Care, Other End-users
Get an inside scoop of the textured pea protein market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5432&type=smp
Regional Insights –
North America was the largest region in the textured pea protein market in 2023. Europe was the second-largest market in the textured pea protein market. The regions covered in the textured pea protein market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the textured pea protein market include Roquette Freres SA, Puris Foods LLC, Burcon Nutrascience Corporation, Nisco ApS, Sotexpro SAS, Exeller NV, Vestkorn Milling AS, Nutri-Pea Ltd., Cosucra Groupe Warcoing SA, Scoular Grain Company, Axiom Foods Inc., Alliance Grain Traders Foods, The Green Labs LLC, DuPont Nutrition & Biosciences, Shandong Jianyuan Foods Co. Ltd., Kerry Group plc, Emsland Group, Yantai Shuangta Food Co. Ltd., Yantai Oriental Protein Tech Co. Ltd., Shandong Zhaoyuan Food Company, Shandong Huatai Food Co. Ltd., Ingredion Inc., Fenchem Inc., A&B Ingredients, Farbest Brands, Glanbia Nutritionals Plc, Martin & Pleasance Wholesale Pty Ltd., Now Health Group Inc., Prinova Group, Shaanxi Fuheng Biotechnology Co. Ltd.
Table of Contents
1. Executive Summary
2. Textured Pea Protein Market Report Structure
3. Textured Pea Protein Market Trends And Strategies
4. Textured Pea Protein Market – Macro Economic Scenario
5. Textured Pea Protein Market Size And Growth
…..
27. Textured Pea Protein Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore Related Reports
https://goodprnews.com/healthcare-edi-market-outlook/
https://goodprnews.com/industrial-gas-regulators-market-share/
https://goodprnews.com/global-injection-pen-market-analysis/
https://goodprnews.com/joint-pain-injections-market-trends/
https://goodprnews.com/global-liquid-packaging-market-driver/
https://goodprnews.com/medical-electrodes-market-outlook/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
