Industry Background:
The organic pea protein is one of the protein supplements which are pure vegan. The organic pea protein obtained from various species of peas like Organic Brown Peas, Organic Fava Beans, Yellow Peas, etc The organic pea protein is a source of protein, vitamin, and valuable nutrition. The genotype of the pea plants affects the properties of the protein. It comes in different flavors and forms as well.
According to AMA Research, the market for Organic Pea Protein is expected to register a CAGR of 11.1% during the forecast period to 2027. This growth is primarily driven by Increasing use of Pea protein as it is an ideal source of post-workout nutrition for athletes
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Tons |
Value Unit | Value (USD Billion) |
Key Companies in Study | Axiom Foods (United States), The Scoular Company (United States), Farbest Brands (United States), AIDP, Inc. (United States), Shaanxi Fuheng Biotechnology Co., Ltd (China), World Food Processing, L.L.C. (United States), The Green Labs LLC (United States ), Phyto-Therapy Pty. Ltd. (Australia), Bioway (Xian) Organic Ingredients Co., Ltd. (China) and Zelang Group (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Growing use in weight loss treatment Pea protein. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Axiom Foods (United States), The Scoular Company (United States), Farbest Brands (United States), AIDP, Inc. (United States), Shaanxi Fuheng Biotechnology Co., Ltd (China), World Food Processing, L.L.C. (United States), The Green Labs LLC (United States ), Phyto-Therapy Pty. Ltd. (Australia), Bioway (Xian) Organic Ingredients Co., Ltd. (China) and Zelang Group (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th January 2020, Co-operative Elevator Co announced the acquisition of Scoular Edible Beans Business. The Scoular Company announced that it has entered into an agreement to sell its edible beans business to Michigan-based Cooperative Elevator Co. Cooperative Elevator which produces high-quality bean varieties and offers the capability and expertise to process, package and ship large quantities of beans worldwide.
On 20 February 2020, Axiom Foods has been awarded for its first patent for any rice protein ever, by U.S patent. Axiom Foods is one of the largest producers of rice and pea protein ingredients. It is the first of multiple patents received for Axiom’s Oryzatein® rice protein, with clinical studies.The growing food supplement market is one of the reasons there is a rivalry between top manufacturing firms. The top leading firms are launching their products to attract more consumers in the market. Also merging and acquiring to expand the firms for earning more business. The competition will be high in the next few years as the nutraceuticals booming the market
Regulatory Insights:
The US FDA “Generally recognized as safe “(GRAS) is a United States Food and Drug Administration (FDA) decides the food is safe or not and if then it will excluded from the usual Federal Food, Drug, and Cosmetic Act (FFDCA) and other requirements. Yantai Oriental Protein Tech Co., Ltd. (Yantai) get the GRAS Notification for Pea Protein notice of a claim that the food ingredient pea protein (>80%) as from natural dietary sources, consumption of pea protein, as an added food.
Market Drivers
- Increasing use of Pea protein as it is an ideal source of post-workout nutrition for athletes
- Highly appreciated by the consumer as it one of the vegan supplement
Market Trend
- Growing use in weight loss treatment Pea protein
Restraints
- Extremely high doses will increase the level of ammonia in the body
Opportunities
The research found that it can be used natural remedy against high blood pressure and chronic kidney disease and Growing use as a post-workout beverage
Challenges
High Cost associated with the product
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Organic Pea Protein Study Sheds Light on
The Organic Pea Protein Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Organic Pea Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Pea Protein industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.