The numerous health benefits of textured pea proteins and other major driving factors is expected to favour the rise in the global textured pea protein market
Reports and Insights has published a new report titled, “Textured Pea Protein Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Textured Pea Protein Market, By Product Type (Yellow Peas, Green Peas), By Nature (Organic, Conventional), By End Use (Food Processing (Meat Alternatives. Bakery Products, Confectionery, Snacks & Cereals, Meat-Based Products, Functional Beverages, Others), Animal Feed (Livestock, Cattle, Swine, Poultry, Pet Food, Aquafeed), Nutraceuticals, Sport Nutrition, Infant Nutrition, Cosmetic and Personal Care), By Processing Type (Dry processing, Wet Processing) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global textured pea protein market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Vegetarian and vegan food remains at a consistent firm growth, having said that, the global market is witnessing a significantly higher trend apart from animal proteins, popularly known as flexitarianism. Flexitarianism refers to the diet which helps people garner the benefits of vegetarian eating whilst yet savoring animal products in moderation. In the present times, many people following a flexitarian diet are making conscious efforts to cut off their meat intake paving its way to a considerable impact on the market.
Texture and taste are believed to be irrefutable properties with which to persuade flexitarians to choose plant-based food. Similarly, textured pea protein is also a healthy and sustainable alternative to aid people fabricate and produce plant-based products. Primarily, peas as raw material also comprises several health benefits, as they are considered rich in nutrition, high in protein, starch, fibre, minerals, and vitamins.
Moreover, the textured pea proteins further comprise numerous benefits, for instance, they are soy and gluten-free, low-allergenic, and can also help the products with a sustainable and eco-friendly profile. Owing to which, the global textured pea protein market is projected to witness considerable growth over the forecast period.
Furthermore, the key players of the market are also immensely investing in research and development for the fabrication of excellent replication for meat-based products and establishing a solid foothold in the market , which is further expected to offer lucrative opportunities to the market growth over the coming years.