According to the research report titled ‘Global Pea Protein Market Analysis, 2021’, available with Market Study Report, global pea protein market is projected to grow at an annual rate of 8% between 2021-2026.
 

Increasing adoption of veganism and vegetarianism, growing prevalence of livestock diseases, rising number of supermarkets, and shifting preferences towards plant-based food products are key factors driving global pea protein market expansion.
 

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Additionally, rising cognizance regarding the health benefits associated with pea protein, rising product adoption among lactose intolerant populace, and growing application in foods such as snacks, soups, puddings, and stews are facilitating global pea protein market growth.
 

Based on form, the industry is divided into dry and liquid. Speaking of type, the market is bifurcated into isolates, concentrates, textured and others. Moving on to source type, worldwide pea protein market is segmented into chickpeas, lentils and yellow split peas.
 

Considering the application scope, the business sphere is segregated into performance nutrition, meat substitutes, snacks, functional foods, snacks, beverages, bakery products and confectionery. The report cites that the meat substitute application segment held majority of the global pea protein market share in the recent past owing to high concentration of leading manufacturing facilities and growing consumption of soy, tofu, and wheat among the vegetarian population.
 

Pea protein is also used to manufacture red meat substitute for burger patties, chops and minced meat. Thus, rising concern about of acquiring cardiovascular diseases will contribute towards global pea protein industry share from meat substitute application segment.
 

The worldwide scope of operations of this business vertical involves regions such as North America, South America, Middle East & Africa, Europe and the Asia Pacific. The country level segmentation includes U.S.A, Canada, Brazil, Mexico, Argentina, Germany, France, U.K., Italy, Spain, Netherlands, Denmark, Norway, India, China and Japan among others.
 

Key players profiled in the global pea protein market report are Ingredion Inc., Fenchem Inc., Axiom Foods Inc., Sotexpro SASU, Et Chem, The Green Labs LLC, Puris Proteins LLC, Nutri-Pea Limited, Shangdong Jianyuan Foods Co. Ltd., DuPont de Nemours Inc., Burcon NutraScience Corporation, Yantai Shuangta Food Co. Ltd., Cosucra Groupe Warcoing SA, AGT Food and Ingredients Inc. and Roquette Frères SA.