Food and Beverages Industry Report Pea Protein Market Trends

Your CatalystTo a Lucrative Business Dietary supplements, sports supplements, meat substitutes, nutraceuticals, and others ar e major market applications. Dietary supplements are the largest application of the pea protein market on account of consumer awareness about nutraceuticals. Concerns regarding meat allergies will spur the demand for meat substitutes. It will be the fastest growing application over the forecast period (2016-2024). Regions covered under the market are Latin America, North America, Middle East & Africa (MEA), Asia Pacific, and Europe. North America is a major region for the industry due to concerns of cardio vascular diseases and the booming sports industry. Rising cases of lactose intolerance will see major growth in Europe. Asia Pacific can experience a major demand boost due to consumption of nutrient-based foods and supplements. New regulations in the agricultural industry in China & India would see an upsurge of raw material to pea protein manufacturers. Major players of the pea protein market are Roquette Frères, Shandong Jianyuan Foods Co., Ltd., Burcon Nutrascience Corporation, and Shandong Jianyuan Foods Co., Ltd. They have formed alliances with domestic distributors to ensure a steady product supply in high-demand regions. Roquette Frères produces pea proteins under the brand name – NUTRALYS. Burcon, on the other hand, has managed to manufacture vegetable-based protein which is transparent and 100% soluble. Browse Related Category Market Reports @ https://www.hexaresearch.com/research- category/nutraceuticals-and-functional-foods-industry Follow Us:

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