Pea
protein food products are likely to gain popularity among health
conscious and lactose sensitive consumers over the next few years due
to rising digestion congestion concerns among consumers, states
Transparency Market Research in a new report. The report is titled,
“Pea Protein Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 – 2023.”
Download
Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11126
The
report is a detailed overview of the global pea protein market as it
analyzes the historical growth trajectory, current market scenario,
and the future opportunities of the market. The study thoroughly
describes all the essential elements at play in the global pea
protein market and articulates the factors driving and restraining
the growth of the market.
The
report provides the statistics for the major regions and other
segments as well in terms of volume and revenue. An in-depth analysis
of the companies operating in the global pea protein market has also
been provided in the report along with their strategies, product
specification, share, and position in the market. Using Porter’s
five forces analysis, the study evaluates the strengths, weaknesses,
opportunities, and threats in the global pea proteins market.
According
to the report, the demand for pea protein is likely to be driven by
the lifestyle changes and shift in food habits of consumers.
Consumers are shifting their attention towards the adoption of
healthier lifestyles owing to the rising concerns for wellness and
health. Moreover, as pea protein food products are non-dairy
products, they are in demand from both consumers with low lactose
tolerance levels and vegan consumers.
The
demand for pea protein products is further likely to increase owing
to the growing demand for gluten free food products and development
of the nutraceuticals industry. The positive outlook of consumers
towards the consumption of sports nutrition products is another major
factor that is anticipated to drive the progress of the global
pea protein market in future.
However,
lack of consumer awareness regarding the benefits of pea protein
foods in certain regions and the mounting cost of pea protein
products are factors that are likely to hinder the sales of pea
proteins across the world. Furthermore, the successful penetration of
animal protein products in the nutrition market is anticipated to
challenge the market for pea proteins globally. Manufacturers of pea
proteins can expect lucrative growth opportunities from the advent of
technological advancement in processing and extrusion of pea protein
products.
The report states that on the basis of consumption, North America is likely to emerge dominant among all the regions and Asia Pacific is projected to exhibit strong growth in comparison to other regions. The report covers regions such as Asia Pacific, North America, Western Europe, the Middle East and Africa, Eastern Europe, and Latin America. The leading players in the global pea proteins market are Sotexpro, Nutri-Pea Ltd., Axiom Foods Inc., The Scoular Company, Roquette Freres, Farbest Brands, and A&B Ingredients.
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