Increasing number of dairy intolerant population to drive the demand for pea protein in the forthcoming years. Pea protein has been increasingly gaining attention due to growing requirements for healthy alternatives or substitutes to various other dairy and plant proteins. Increasing availability of the raw materials along with rapidly emerging companies are contributing significantly towards the growth of global market.
A recent study by Future Market Insights predicts a robust 12.0% CAGR growth of pea protein market during the anticipated period, 2016-2026. In addition, the pea protein market is likely to touch an evaluation of more than US$ 104Mn by 2026-end. Developing effective pea proteins for end-users is possible to be a vital trend, increasingly impacting growth of pea proteins market. Besides, the report poses constructive insights for the growth of pea proteins market in the forthcoming years.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how pea protein market will expand through 2026. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
According to you, what are the major factors contributing towards growth of pea protein market?
Based on the in-depth analysis, growing awareness with regards to preventative healthcare and high nutritional importance of the pea protein is expected to significantly drive the growth of global market. Need for natural ingredients has been rising significantly since the recent past, which in turn is fuelling the production sales of pea protein as well.
Which sector do you think will continue to generate maximum revenue growth in pea protein market?
Well, analysis shows that bakery sector will witness continuously increasing demand for pea protein in the forthcoming years.
What are the manufacturers doing for the expansion of pea protein market?
Manufacturers in the pea protein market are working on developing products by incorporating pea protein, by considering it as an ingredient, which in turn makes up for favorable product offering, thereby catering to the increasing needs of consumers.
What do you have to say with regards to regional landscape in pea protein market?
Well, based on analysis, North America is likely to dominate the global market in the forthcoming years. Also, the region is likely to be followed by the Western Europe, on account of increasing awareness of consumers with regards to preventative healthcare.
Can you name few key players in the pea protein market?
Certainly yes. Some of the key players in the pea protein market profiled by analysts are inclusive of Axiom Foods Inc., Fenchem Biotek Ltd., World Food Processing L.L.C., Fenchem Biotek Ltd., Nutri Pea Limited, and AGT Food & Ingredients, Inc. and Suzhou Wanshen Flour Products Co. Ltd.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-697