Market Research Future (Food and Beverages) Pea Protein Ingredient Market Research Report | Page 3

Pea Protein Ingredient Market Research Report- Forecast to 2023
2 Market Overview
Pea Protein Ingredient Market is projected to grow at a CAGR of 9.3% over the forecast period. Pea protein is a
plant based protein extracted from yellow pea, green pea or Pisum sativum. It is used as a nutritional additive in
dietary supplement, bakery goods, meat substitutes, confectionaries, packaged goods, functional beverages, animal
feed, and others. Its vast applications have surged the growth of the pea protein ingredients market.
Furthermore, rising importance of organic farming owing to strong regulatory guidelines in the U.S. to provide
incentives to farmers is expected to increase the farming of pea crop, which, in turn, will increase raw material
availability in the market. All these factors will lead to the growth of North American market at a CAGR of 9.3% during
the forecast period 2017-2023.
North America is a leading pea protein ingredients market and is expected to grow substantially over the forecast
period 2017-2023. Changing lifestyle along with increasing awareness towards healthy diet, and rising demand for
energy drinks and processed foods are driving the market growth in this region. Moreover increasing demand for
gluten free products in the U.S. supported by rising concern towards cardiovascular diseases caused from red meat
consumption is adding fuel to the market.
Intended Audience:
Meat extenders
Bakery manufacturers
Livestock feed producers
Dietary supplement manufacturers
Pharmaceuticals
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