Industry Background:
Dry pea protein is a supplement made by extracting protein from yellow and green peas. It contains a high-quality protein source, rich in iron, and works with many special diets. It helps to build muscle mass, keeps you full, is good for heart health, etc. Dry pea protein, extracted from the humble pea seed, is a plant-based powerhouse gaining significant traction in the world of food and nutrition. Packed with protein and boasting other valuable nutrients, it's making its way into diverse applications, from protein bars and smoothies to meat alternatives and baked goods.This growth is primarily driven by High Nutritional Profile and Health-Promoting Properties of Dry Pea Proteins
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tonnes |
Value Unit | USD (Million) |
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 |
The Food Products sector in the
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 Burcon NutraScience Corporation (Canada), Cosucra-Groupe Warcoing (Belgium), Nutri-Pea Limited (Canada), Roquette Frèrers (France), Shandong Jianyuan Foods Co., Ltd. (China), Sotexpro S.A. (France), The Scoular Company (United States), Yantai Oriental Protein Tech Co., Ltd. (China), Prinova Holdings LLC (United States) and Fenchem, Inc. (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:
In October 2023, Puris, a leading North American pea protein producer, partnered with Buhler, a global leader in food processing technologies, to build a large-scale pea protein processing facility in North America. This collaboration aims to significantly increase pea protein production and supply in the region.
In November 2023, Plant-based meat leader Beyond Meat launched its new "Sausage Crumbles" made with pea protein, offering a plant-based alternative to traditional pork sausage. This launch caters to the growing demand for meat alternatives made with sustainable ingredients.Global Dry Pea Protein is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Regulatory Insights:
The three statutes chiefly involved in nutrition labeling are the Federal Food, Drug and Cosmetic Act (FD&C Act), the Federal Meat Inspection Act (FMI Act), and the Poultry Products Inspection Act (PPI Act). The Committee recommends that the U.S. Congress amend all three of these laws to eliminate doubt about the agencies' authority to expand the coverage and revise the content of current nutrition and ingredient labeling requirements.
Influencing Trend:
Usage of Dry Pea Proteins as Alternative Protein Source for Pet Foods
Market Growth Drivers:
High Nutritional Profile and Health-Promoting Properties of Dry Pea Proteins and Rising Demand for Plant-Based Proteins from Vegan Population
Challenges:
High Production Costs and Also Product Cost
Restraints:
Growing Market Penetration of Other Proteins and Lack of Awareness about the Dry Pea Protein-Based Products
Opportunities:
Increasing Demand for Dry Pea Protein-Based Products from Sports Nutrition Industry and Technological Advancements in Processing and Production of Dry Pea Protein
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 mainly 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 market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Dry Pea Protein Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Dry Pea Protein Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Dry Pea Protein players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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, Dry Pea Protein Study Sheds Light on
The Dry Pea Protein Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dry Pea Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dry Pea Protein industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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.