Global Textured Pea Protein Market Report 2021: Growth and Change in COVID-19
The main players in the textured pea protein market are Roquette, Puris Foods, Burcon Nutrascience Corporation, Nisco ApS, Sotexpro, Exeller NV, Vestkorn Milling AS, Nutri-Pea Limited, Cosucra Groupe Warcoing SA, Scoular, Axiom Foods Inc, AGT Foods , The Green Labs LLC, DuPont Nutrition & Biosciences, Shandong Jianyuan Group and Kerry Group plc.
New York, November 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Textured Pea Protein Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06187344/?utm_source=GNW
The main types of products in textured pea protein are yellow peas and green peas. Field peas, often called yellow peas, are a type of peas that are better to dry than eat fresh.
The pea skin (seed coat) is pale yellow in color. The peas are darker yellow on the inside, but the color fades when cooked.
It has both biological and conventional nature and different kinds of processing such as dry processing, wet processing. It is implemented in various verticals such as food processing, animal feed, nutraceuticals, sports nutrition, infant nutrition, cosmetics and personal care, etc.
The global textured pea protein market is expected to grow from $ 418.43 million in 2020 to $ 471.96 million in 2021 at a compound annual growth rate (CAGR) of 12.8%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 673.37 million in 2025 at a CAGR of 9.3%.
The Textured Pea Protein market includes sales of textured pea protein by entities (organizations, independent traders, and partnerships) that are extracted from peas to create high protein plant-based meat substitutes. Free product with a pleasant taste and texture, making it an ideal addition to popular ingredients in a variety of applications.
Textured pea protein is non-GMO and has low allergenicity, making it a great alternative to wheat and soy products.
Growing consumer interest in vegetable protein is helping in the growth of the textured pea protein market. In recent years, consumer interest in plant-based diets has increased dramatically, with vegans, vegetarians and flexitarians becoming very prevalent.
The protein level of the textured pea protein components is among the highest in the world, with a pleasant taste and an appealing texture. According to the Plant-Based Foods Association (PBFA), sales of plant-based foods in the United States increased 11.4% in 2019, bringing the overall market value to $ 5 billion. Sales of plant-based foods increased 90% in mid-March 2020 compared to 2019. Hence, increasing consumer interest in plant-based protein is propelling the growth of the pea protein market textured.
North America was the largest textured pea protein market region in 2020. Europe was the second largest textured pea protein market.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.
The launch of Organic Pea Protein Isolate is an emerging trend in the textured pea protein market. Large companies operating in the textured pea protein business are focused on introducing organic pea protein to meet consumer demand for organic protein products.
For example, in November 2019, Ingredion Incorporated, a US-based food company, launched Vitessence Pulse 1803 Organic Pea Protein Isolate for use in alternative meat and dairy products, nutrition and sports bars, ready meals, bakery ingredients, powder and ready to use. drink drinks. The component has a smooth and creamy texture with a mild flavor in raw and green flavors and it contains at least 80% protein.
In February 2020, Kerry Group, an Ireland-based food company, acquired Pevesa Biotech SA for an undisclosed amount. This acquisition aims to strengthen Kerry Group’s position in hydrolyzed plant protein for specialty nutrition and to expand the company’s ability to serve the rapidly growing organic plant protein market. Pevesa Biotech SA is a Spanish company that offers a range of proteins, including organic pea and rice proteins and protein hydrolysates.
Countries Covered in Textured Pea Protein Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06187344/?utm_source=GNW
On Report link
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001