Industry Background:
Pea is a vital grain legume, as both human food and animal feed. A valuable part of the pea is the protein element, which can be extracted and further purified into a protein isolate. However, peas, as other legumes, consist a variety of antinutritional and antiphysiological elements which negatively influence the quality of their proteins. It is hence of great importance to develop a production process resulting in a protein isolate devoid of the antinutritional and antiphysiological factors. High-quality pea-protein isolates with enhanced nutritional and physiological properties can constructively replace other protein sources, for example soy protein, in several applications.This growth is primarily driven by High Nutritional Profile and Health Promoting Properties of Pea Proteins, Rising Demand for Plant-Based Proteins from Vegan Population and Growing Food & Beverages Industry Worldwide.
Globally, a noticeable market trend is evident Usage of Pea Proteins as Alternative Protein Source for Pet Foods. 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.
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.
Market Drivers
- High Nutritional Profile and Health Promoting Properties of Pea Proteins
- Rising Demand for Plant-Based Proteins from Vegan Population
- Growing Food & Beverages Industry Worldwide
Market Trend
- Usage of Pea Proteins as Alternative Protein Source for Pet Foods
Restraints
- Growing Market Penetration of Other Proteins
- Lack of Awareness About the Pea Protein Based Products
Opportunities
Increasing Demand for Pea Protein Based Products from Sports Nutrition Industry and Technological Advancements in Processing and Production of Pea Protein
Challenges
High Production Costs and Also Product Cost
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 Protein Study Sheds Light on
The Pea Protein Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pea Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 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 value they currently claim, or capture the new addressable opportunity.