Global Yellow Pea Protein Market Overview:
Yellow pea protein is made by extracting protein from yellow split peas. It is also known as Pea Protein isolate. It is a high-quality protein and a good source of iron and other nutrients. It is great for muscle growth, weight loss, and heart health. It is one of the most Non-allergenic and has a high level of functionality therefore it can be utilized in a variety of foods and beverages where there is a need for protein enrichment. In culinary products, pea protein displays very good meat binding properties or even texture in different applications. It is largely used in bakery, meat, fish & eggs, and sports nutrition. Also, ready meals and cereals were in the top food and beverage product containing pea protein. Interestingly, the dairy category is booming with an increase of 90% of product launches in 5 years. Some of the players profiled in the study are Cargill Inc. (United States), Axiom Foods, Inc. (United States), The Scoular Company (United States), DuPont (United States), Glanbia Plc (Ireland), Kerry Group PLC (Ireland), Bata Food (Turkey), Roquette Frères (France), Shandong Jianyuan Group (China) and Cosucra Groupe Warcoing (Belgium).
On the basis of geography, the market of Yellow Pea Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Yellow Pea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protein Level, the sub-segment i.e. ≥60% will boost the Yellow Pea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method of Processing, the sub-segment i.e. Dry Processing will boost the Yellow Pea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores) will boost the Yellow Pea Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Interest in Vegetarian and Plant-Based Diets among Consumers
- Increasing Demand for Versatile, Non-GMO, and Clean-Label Products
Influencing Trend
- Growing Demand for Vegan Alternatives Along With Increased Awareness about the Benefits of Natural Ingredients
Restraints
- High Cost Of Processing and Extraction
- Low Production of Yellow Split Pea
Opportunities
- Increasing Distribution Reach in Asian Countries Owing To Less Demand
- Increase Volume Sales through Collaborations with Pet Food Manufacturers
Challenges
- People with Sodium-Restricted Diet Should Be Cautious Due To High Sodium Content
Key Market Developments:
In January 2020, Rouquette Freres has entered into a partnership with Beyond Meat to supply its pea protein for Beyond Meat’s line of plant-based meat products.
In August 2019, Cargill Inc. invested USD 75 million in Puris to boost the production of pea protein, starches, and fibers. This investment was made to increase the production of pea protein, starches, and fibers, benefitting the company to cater to the rising demand for food and beverage manufacturers globally.
Target Audience:
Yellow Pea Protein Manufacturers, Raw Material Suppliers, Food Processing Industry, Research Institutes, End-User Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Yellow Pea Protein market on the basis of product [Isolate, Concentrate and Textured] , application [Baked Products, Infant/toddler Nutrition, Sports Nutrition Formulations, Snacks and Cereals and Encapsulation], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Yellow Pea Protein market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Yellow Pea Protein industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Puris Proteins LLC (United States), Burcon NutraScience Corporation (Canada), The Green Lab LLC (United States) and Sotexpro S.A. (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Yellow Pea Protein market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.