The global organic pea protein market is expected to register a CAGR of 7.2% during the forecasted period, according to a new research study.
Organic Pea Protein – Consumer Focus on Health & Fitness is Promoting Growth on Protein Products
Increasing awareness about healthy food consumption is increasing as people are more conscious about their health. Manufactures of health food products are trying to cover more market by innovating different products, which are healthy, as well as appetizing. Introduction of new food processing technologies and better ingredients help in the production of nutritious food products.
Protein products are considered as healthy food products, and the market is influenced by a consumer who demands tasty, as well as nutritious food products. Due to innovations in the food industry, plant-based protein ingredients such as organic pea protein, are available in the market.
Proteins are building blocks of tissues. They repair and build tissues, as well as make enzymes, hormones, and other chemicals. They are also important for building bones, muscles, blood, and skin. Due to this, the intake of protein on a daily basis is important. Fitness enthusiasts are more concerned about their protein intake. For maintaining the desired amount of protein intake in their daily diet, sportspersons and fitness enthusiasts prefer organic pea protein powder or supplements.
Protein can be extracted from animals and plants. There are many benefits of plant protein such as organic pea protein over animal protein. In supplements and protein powders, plant-based protein is particularly used. Organic pea protein supplements are made from organic yellow pea.
Organic pea protein has many advantages as it contains vital nutrients and its liquid solubility is high. There is a rise in the number of people opting for a vegetarian lifestyle. Many people are vegan due to their environmental concerns. This factor leads to an increase in demand for organic pea protein in the market.
Organic pea protein is enjoying increasing popularity in the sports and nutrition industry. Athletes prefer natural and pure organic pea protein that is GMO-free and easily soluble in beverages, as well as food products. This demand is propelling the organic pea protein market.
Vegan Diet Driving the Organic Pea Protein Market
There are very limited protein options for vegan consumers as animal proteins are abundantly available in the market. The ongoing organic food trend has forced manufacturers to innovate, and come up with food products, which are as nutritious as non-vegetarian food. Advantages of plant-based protein over animal protein drive the demand for organic pea protein. The change in the lifestyle of people has also increased the demand for vegan products.
Plant-based protein not only satisfies the protein demand of consumers, but also provides vegan, gluten-free, and high protein products. Consumers who follow a plant-based diet and those who are flexitarians, consume plant-based proteins and subsequently drive the organic pea protein market.
High Cost of Organic Food Products is Hindering the Growth of the Organic Pea Protein Market
The price of organic food products is relatively high as compared to conventional products. Consumers consider this factor while purchasing organic food. The price of plant-based protein is relatively higher than animal-based protein. Organic proteins cost much more. Consumers are concerned about the high price of organic pea protein. This affects the growth of the plant-based protein market.
Consumer approach for organic pea protein products is not that mature, and due to the high price, those who are ready to opt for a plant-based diet think twice, which affects the organic pea protein market negatively.
Market Outlook for Organic Pea Protein
This report discusses the key opportunities and drivers which contribute to the growth of the organic pea protein market. The organic pea protein market report discusses key manufactures of organic pea protein in the global market.
Detailed profiles with strategies and developments of competitors are also provided in the report. Key product offerings, as well as long term and short term strategies by manufacturers, are provided in the report which help understand the overall global market for organic pea protein.
The Persistence Market Research report on the global organic pea protein market studies prospects in the market and presents updates and insights pertaining to various segments of the global organic pea protein market over the forecast period 2018–2027.
This report offers actual data of 2017 along with estimated data of 2018, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (MT). It provides forecast and analysis of the global organic pea protein market. The report covers macroeconomic indicators along with an outlook on organic pea protein for the global market. The report also contains a share of top pea producing countries in the world, export/import volume and value of organic pea protein of top exporting and importing countries, and industry value chain analysis.
The study encompasses market attractiveness analysis by product type, end use, and region. Product type segmentation divides the global organic pea protein market into concentrates, isolates, and texturized. It includes drivers and restraints of the global organic pea protein market and their impact on each region during the forecast period. The report also includes ongoing trends and market opportunities for organic pea protein producers in end-use industries such as dietary supplements, meat substitutes, bakery and confectionery, snacks & cereals, meat-based products, functional beverages, and others.
In order to provide users of this report with a complete view of the market, we have included detailed competitive analysis and competition deep dive of companies which are engaged in the business of organic pea protein. The report comprises information related to key players in the organic pea protein market, their strategic overview, and recent developments in their business areas. The report also includes types and forms of organic pea protein offered by key players across North America, Europe, Asia Pacific, Middle East, and Africa.
Plant proteins such as organic pea protein, have become good replacements for other proteins such as whey protein, meat protein, egg protein, and others. Plant-based proteins are easier to digest as compared to other animal-derived proteins. Dietary supplements are classified as protein powder, sports nutrition, and others. Organic pea protein is used to make dietary supplements. Organic pea protein market participants include Farbest Brands, Axiom Foods Inc., The Green Labs LLC, Bioway (Xi'an) Organic Ingredients Co. Ltd., The Scoular Company, Vestkorn, YT (XI’AN) Biochem Co., Ltd., A&B Ingredients, Greenway Organics (Tianjin) Co., Ltd, Phyto-Therapy Pty Ltd., Puris, and Maxsun Industries, Inc.
Global Organic Pea Protein Market – By Product Type
Global Organic Pea Protein Market – By End Use
Global Organic Pea Protein Market – By Region
The data analysis for the global organic pea protein market is estimated in terms of value and volume consumption. To arrive at the volume consumption of organic pea protein, production data of countries producing pea across the globe has been taken into consideration. In addition, the production of organic pea protein varieties is tracked and further, their import-export in the global market is tracked for understanding consumption in key countries.
The market analysis for organic vs. conventional growth of pea is derived for further understanding the share of organic pea market in overall pea production. The consumption of pea is further analyzed and processed products derived from pea are tracked to analyze the pea protein market. Furthermore, Persistence Market Research estimated volume data on consumption of organic pea protein for several countries by understanding the demand and supply of organic pea protein.
Production, growth, volume and value sales, transition, pricing, per capita consumption, population, consumer preference, and consumption of organic pea protein among end-user verticals are the factors scrutinized. PMR then determined the volume consumption of organic pea protein across various regions including North America, Latin America, Asia Pacific, and the Middle East, Oceania, and Africa.
Forecasting is based on an internal proprietary model that uses different macro-economic, industry-based demand driving factors impacting the market, and its forecast trends by identifying and allocating a weighted score to forecast factors that influence the demand for organic pea protein. These factors were the representative of an entire value chain, as well as the macro-economic indicators such as production, per capita consumption of organic pea protein, per capita spending on food products have been taken into consideration to arrive at the volume consumption of organic pea protein in respective countries.
Weighted average selling price for organic pea protein was considered to estimate the market size for top organic pea protein consuming countries. These prices were captured in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, PMR triangulated the data based on supply side, demand side, and dynamics of the global organic pea protein market. To develop the global organic pea protein market forecast, PMR analyzed various factors to understand their respective impact on the target market.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR, but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.
Another key feature of this report is the analysis of the global organic pea protein market and the corresponding revenue forecast in terms of absolute dollar opportunity. To understand the key segments in terms of their growth and performance in the global organic pea protein market, Persistence Market Research has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global organic pea protein market.
The report covers an in-depth analysis of all components of the value chain in the global organic pea protein market. In the final section of the report on the global organic pea protein market, the competitive landscape is included to provide a dashboard view of global organic pea protein manufacturers.