Pea Protein Market Growth, Size, Share, Analysis And Research Report From 2014 To 2020: Grand View Research, Inc.
Pea protein market is expected to witness growth over the next six years as a consequence of growing demand for allergen-free plant-based protein supplements. Increasing health consciousness and rising deficiencies of natural nutrition among youth especially in countries including China, India, Brazil, South Africa&Australia is expected to augment market demand. Growing protein additive use in functional foods and dietary supplements is also expected to facilitate increasing pea protein demand. Pea protein market is extensively gaining share in packaged food processing applications such as pasta, salad dressing, smoothies and bakery products.
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Increasing concerns regarding allergies due to animal-based protein supplements such as egg white&whey coupled with increasing veganism is expected to augment pea protein market demand over the forecast period. These proteins are rich in branched chain amino acids&arginine which help in maintaining the blood sugar levels as well as curb hunger. This is another major factor contributing to the popularly of pea protein among health conscious people. Asia Pacific is estimated to witness above average growth rate to emerge as the fastest growing regional market over the forecast period. High demand for sports supplements and plant-based food additives on account of expanding sports infrastructure in countries such as Japan, China and India is expected to augment market growth in this region.
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Large dietary supplement manufacturing firms have been shifting focus towards greener and sustainable options such as pea and wheat based products. Multinational dietary supplement manufacturing firm, Roquette Group’s Proteov research division have initiated development of plant-based proteins having high functional and nutritional value. The company recently launched the Nutralys solution as an integral part of Proteov programme.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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