November 17, 2020
According to the research report titled ‘North America Pea Proteins Market Size By Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026A’, available with Market Study Report, North America pea proteins market is anticipated to be remunerated at USD 85 million by the year 2026.
Advantageous attributes such as high content of branded-chain amino acids, arginine, and iron in the product, alongside health benefits such as lower cholesterol levels, improved muscle health, as well as fitness of heart are propelling the growth of North America pea proteins market. As the product is dairy-free, gluten-free, hypoallergenic, and vegan, it is gaining traction among the individuals, which along with consumer preference for consuming meat substitutes are impelling the market remuneration.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3001295/
As per the report, industry players are incorporating innovative food technologies and putting constant efforts towards development of new plant-based products. Companies are emphasizing on replacing meat in burgers with plant-based proteins without compromising on flavor, taste, and quality, which is stimulating pea proteins industry outlook in North America. For instance, Beyond Meat, an LA based meat substitute producer, recently introduced pea protein based chicken strips, beefy meat, and crumbles.
Furthermore, pea proteins can replace allergen such as egg, dairy, and wheat, and can be used for preparation of muffins & biscuits. Inclination towards health breakfast, and surging demand for dairy alternatives are responsible for spike in sales volume of pea proteins.
Considering product terrain, PPC segment of North America pea proteins industry was worth USD 20 million in 2019 and is slated to grow further over the analysis timeframe, cites the report. PPC has slightly lower concentration of proteins as compared to PPC, enabling its application in protein smoothies & shakes as well as extra protein intake. Shifting preference from texture soy product to textured pea proteins as meat replacement is fostering the segmental share.
Major contenders operating in North America pea proteins market sphere are A&B Ingredients Inc., DuPont de Nemours Inc., Cargill Inc., Ingredion Inc., Emsland Group, Axiom Foods Inc., Puris Proteins LLC, The Scoular Company, and Roquette Freres.