The organic pea protein market is bound to witness a CAGR of over 13?tween 2021 and 2031.
Organic pea protein comes across as a vegan pea protein isolate that is devoid of gluten, eggs, soy, dairy products, and cholesterol. It is, instead, rich in BCAAs (Leucine, Isoleucine, and Valine), which help the athletes. These naturally occurring BCAAs ascertain that that workouts are energized and body resources work towards building muscle thickness and lean mass.
Coming to the food & beverage vertical, the application areas include bakery products & snacks, meat extenders & analogs, nutritional supplements, and likewise. The major drivers to organic pea protein market include growing demand for organic products, initiatives by governments across the globe for organic farming, increasing vegan population, and pea’s highly nutritional profile.
At the same time, the market is plagued with restraints like higher cost of the organic pea protein as compared to counterparts and lack of benevolence on the part of consumers. Also, non-uniformity in certification of organic food sector around the world is hampering the market. Probable uniform measures on this count are bound to transcend this barrier in the upcoming period.
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How does the Organic Pea Protein Market disperse itself?
The global organic pea protein market, by form, spans concentrates, isolates, and hydrolysates. By end-use, it’s food & beverages (bakery & confectionery, snacks & cereals, meat additives, and beverages), dietary supplements, animal feeds, cosmetics & personal care, and pharmaceuticals. By function, it says emulsification, texturing, gelation, stabilization, and likewise. Out of these, snacks & cereals and meat additives hold the largest market share.
Regions go about this way….
Europe and North America are home to the highest number of manufacturers of organic pea protein. They, in fact, hold more than 70% of the market share. The Asia-Pacific is expected to grow at the fastest rate in the organic pea protein market due to the altering lifestyles of consumers. Apart from the US and U.K., New Zealand, Australia, Hong Kong, Singapore, South Korea, and Japan hold the baton of organic pea protein market.
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How has Covid-19 impacted the Organic Pea Protein Market?
The outbreak of Covid-19 certainly affected the cultivation of pea. Being a Rabi crop, it could be harvested only once a year. The last two years have been dreadful for the agricultural sector with operations scaling down between March 2020 and September 2021 in wake of partial/total lockdowns being enforced all across. However, the market is getting restored to normalcy, which would help in replenishing it in the forecast period.
What’s with the key participants?
The key participants in organic pea protein market include Amadeus Trading Co., PURIS, Shandong Health Source Bioengineering Co., Ltd., COSUCRA, Nutri-Pea, Shandong Huatai Food Co., Ltd., Emsland Group, Yantai Oriental Protein Technology Co. Ltd., Yantai Shuangta Food Co. Ltd., Greenway Organics (Tiajin) Co. Ltd., Phyto-Therapy Pty Ltd., Axiom Foods Inc., The Green Labs LLC, and Maxsun Industries Inc. World Food Processing has its capacity of USA pea protein manufacturing market expanded since the year 2016. As such, it makes way for non-GMO, allergen-friendly, clean label, and organic nutrients. This is the overall scene of organic pea protein market.
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