Pea Protein Market Size Worth $385.7 Million By 2027 | CAGR: 7.6%: Grand View Research, Inc.

Pea Protein Market Size Worth $385.7 Million By 2027 | CAGR: 7.6%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, May 12, 2020

SAN FRANCISCO, May 12, 2020 /PRNewswire/ -- The global pea protein market size is anticipated to reach USD 385.7 million by 2027, according to a new report published by Grand View Research, Inc. It is projected to expand at a 7.6% CAGR during the forecast period. Rising consumption of gluten free foods for the treatment of a celiac disease is likely to boost the growth. Substantial prevalence of lactose intolerance among infants and children in developing economies including Central and South America, Asia Pacific, and Middle East and Africa is anticipated to further drive the growth.

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Key suggestions from the report:

Read 150 page research report with ToC on "Pea Protein Market Size, Share & Trends Analysis Report By Product (Concentrates, Isolates, Textured, Hydrolyzed, HMEC/HMMA), By Form, By Application, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/pea-protein-market

Rising anxieties regarding non-celiac gluten sensitivity is anticipated to result in rising consumption of gluten-free food products, which is likely to positively impact the demand for pea protein. In addition, Gluten-free Diet (GFD) is gaining traction owing to low carbohydrate intake and weight loss stimulation. This factor is expected to propel the product demand over the forecast period.

Increasing significance of maintaining a gluten-free diet for the treatment of joint pain, innate immune response, and numbness is predicted to positively influence the market growth in the forthcoming years. Moreover, this diet is gaining global acceptance as an effective solution for curing symptoms of autism in children. Such factors are likely to drive the demand for pea protein in near future.

Pea protein is one of the most significant sources capturing a significant interest due to its ability to meet growing demand for proteins from non-meat sources. In the recent past, peas have played an important role in overcoming challenges related to protein-energy malnutrition in under-developed and developing countries. Pioneers in this market, have developed products that resembles what meat-based protein offers as well as delivering tastes that could aid them capture greater market share over the forecast period.

Pea protein is one of the highly preferred non-dairy substitutes, as it is characterized by good amino acid profile and is easily digestible. These attributes make the product favorable for use in various food and beverage products such as protein fortified health drinks and sports nutritional foods. 

Grand View Research has segmented the global pea protein market based on product, form, application, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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