World News: 13:26 GMT Wednesday 15th May 2019. [Allied Market Research via Globe Newswire via SPi World News]
Portland, OR, May 15, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global is expected to reach $32.09 million by 2025, growing at a CAGR of 5.0% and a market volume of 17,892 tons, with a CAGR of 7.7% during the forecast period. The report provides a detailed analysis of the key winning strategies, drivers & opportunities, market share, key segments, top investment pockets and competitive analysis.
High nutritional profile of pea proteins, high demand for plant-based proteins from vegan population, and consistent growth in food & beverages industry have fueled the growth of the global pea protein market. On the other hand, increasing market penetration of other proteins, formulation challenges in pea protein products, and low consumer awareness about the same have restrained the growth to some extent. Nevertheless, rising demand for pea-protein-based sports nutrition & weight management products and growing use of pea proteins as alternative protein source for pet foods have created multiple opportunities in the segment.
Based on type, the pea protein isolate segment was contributed to the highest market share in 2017, and is expected to grow at a CAGR of 22.8%. Based on form, the dry based pea protein segment accounted for 72.14% and is anticipated to dominate throughout the forecast period. Based on application, the dietary supplement segment generated the highest market share and is projected to grow at a significant CAGR of 24.2%. Based on geography, the Asia-Pacific region contributed to 18.70% of the pea protein market share in the global pea protein market in 2017 and is predicted to grow at a significant CAGR of 25.0% throughout 2018-2025.
The report provides an analysis of the key players operating in the global pea protein market. They include Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Shandong Jianyuan Foods Co., Ltd., Glanbia, Plc., Sotexpro SA, A&B Ingredients, Axiom Foods, Inc., Farbest Brands/Farbest-Tallman Foods Corporation, and Nutri-Pea Limited. These players have adhered to several top-end strategies such as partnerships, collaboration, mergers & acquisitions, and new product launch to strengthen their foothold in the industry.
Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Globe Newswire: 13:26 GMT Wednesday 15th May 2019
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