Proteins are biomolecules consisting of one or more chains of amino acids. Proteins are used in range of metabolic functions such as DNA replication, RNA synthesis, cell mitosis and meiosis besides catalyzing large number of biochemical reactions. Some of the commonly used proteins include pea protein, soy protein and whey protein. Pea protein is a food with neutral taste used in wide range of applications such as bakery, snacks and beverages. Pea protein is extracted from Pisumsavitum having typical leguminous amino acid profile. Peas are rich in essential nutrients having high content of fiber, protein, amino acids, Vitamins and lutein. Pea protein has great amino acid profile including branch-chain amino acids that are well known for decreasing muscle breakdown after intense workout. A pea protein is a complete protein having all nine essential amino acids required by body for producing secondary amino acids.
There has been tremendous increase in global consumption of pea protein in last few years owing to number of benefits offered such as high BCAA contents, easily digestible, lactose free, mixes easily with water and low carbohydrate content. Pea proteins have high content of branched chain amino acids which have ability to keep body in continues muscle building state, decrease body fat, and enhances overall health of the individual. Consuming whey or soy protein for extended period may lead to development of intolerance or allergies causing nausea and vomiting whereas, pea proteins doesn’t have any allergic content therefore rendering it as safe. Besides lowering weight, pea proteins are effective for lowering blood pressure and decrease risk of developing coronary heart diseases (CHD). Thus, pea proteins have emerged as substitute or alternative to other protein and non-protein foods and ingredients.
Rising importance of vegetarian and flexitarian among people and increasing consumption owing to nutritional value of pea protein is expected to propel growth of the market. Furthermore, rising complications with consumption of gluten and lactose rich foods and presence of advanced manufacturing facilities especially in U.S. is expected to drive the growth of the industry. Moreover, increasing awareness about importance of protein rich diet will increase demand for pea protein in coming years. However, strict regulations imposed by food regulatory bodies on inspection of food products and processing will slow down growth of the market.
Major players operating in this industry include Roquette Freres, Cosucra Groupe Warcoing, Nutri-Pea Limited, Burcon Nutrascience Corporation, Sotexpro, Farbest Brands, Axiom Foods, Inc., Shandong Jianyuan Foods Co., Ltd., Yantai Shuangta Food Co., Ltd., and The Scoular Company. These companies adopted new product launch and mergers and expansions to geographically expand their business operations and to increase their product portfolio for capturing larger market share. For instance in October 2015, Axiom Foods, the largest producer of plant protein in the U.S. had expanded to India to produce hexane- and ethanol free natural rice bran oil and stabilized rice bran ingredients for human food and animal feed sectors at affordable cost.
Emerging and developing markets especially India and China are expected to provide lucrative growth opportunities for key players owing to large population with higher need for nutritional food products. In addition, growing demand for functional foods and protein based drinks will help producers to diversify their agriculture and marine-based crops thereby increasing pea protein production. Furthermore, market players are focusing on expanding their business operations in untapped regions to serve unmet needs of the people by offering innovative products ultimately leading to larger market coverage and share. For instance in January 2016, Roquette, a French based company had announced to build world’s largest pea processing plant in Canada for producing pea protein, feed and pet foods. Similarly in 2016, Ripple Foods had launched plant-based milks made from pea protein. Such developments will be a fantastic step forward for making pea protein easily available than ever, providing ample growth opportunities for the pea protein market.
Pea Protein Market Segmentation
- Dietary Supplements
- Bakery Goods
- Meat extenders & analogues
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Saudi Arabia
- United Arab Emirates
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Data Collection Matrix
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Quantitative Data (2017-2025)
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