Industry Background:
Pea milk may be a recent innovation within the dairy business whereby manufacturers are trying to find an inexpensive resolution to meet the growing demand for protein across the world. Pea milk is extracted from yellow peas and represents the same quantity of protein as delivered by cow milk and far more than that gift in almond milk. Milk extracted from peas is value effective, produces a clean style, and doesn't deliver sturdy flavor as alternative plant-primarily based milk offered within the market.This growth is primarily driven by Growth in Number of Vegan and Diet-Conscious Consumers Across the Globe and The rise in Concern of Lactose Intolerance Population.
Globally, a noticeable market trend is evident Integration of Different Flavours in Pea Milk according to Consumer Taste Preference
. The Food Products sector in the Europe 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 Sproud international AB (Sweden), Ripple Foods (United States), Snappea Foods (Malaysia), Devon Garden Foods (United Kingdom), Qwrkee (United Kingdom), Freedom Foods (Australia), Vly Foods (Germany), Nestle SA (Switzerland), The Mighty Society (United Kingdom) and DrinkStar (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2021, Nestlé SA launched Wunda, new plant-based milk made from yellow peas sourced from France and Belgium, which can replace dairy milk in all its uses, from pouring over cereals to creating the perfect frothy latte. This launch comes in three varieties like original, unsweetened, and chocolate and are high in fibre, a source of protein, low in sugar and fat and enriched with calcium, vitamins D, B2, and B12.
Market Drivers
- Growth in Number of Vegan and Diet-Conscious Consumers Across the Globe
- The rise in Concern of Lactose Intolerance Population
Market Trend
- Integration of Different Flavours in Pea Milk according to Consumer Taste Preference
- Introduction of Additional Healthy Ingredients
Restraints
- Increasing Demand for the Conventional Dairy Products
Opportunities
Rising Demand for Vegan Milks in Manufacturing of Fitness Products and Supplements and Rising Campaigns about Health Benefits by Plant-Based Milk
Challenges
Availability of Substitutes in Market and Less Awareness about the product of Pea Milk
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include 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, Pea Milk Study Sheds Light on
The Pea Milk Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pea Milk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pea Milk 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 value they currently claim, or capture the new addressable opportunity.