2021 Textured Pea Protein Global Market Report: The Growth and Changes of COVID-19

2021-12-14 08:13:17 By : Ms. yan liu

As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.

The main players in the pea protein market are Roquette, Puris Foods, Burcon Nutrascience Corporation, Nisco ApS, Sotexpro, Exeller NV, Vestkorn Milling AS, Nutri-Pea Limited, Cosucra Groupe Warcoing SA, Scoular, Axiom Foods Inc, AGT Foods, The Green Labs LLC, DuPont Nutrition and Biosciences, Shandong Jianyuan Group and Kerry Group Co., Ltd.

New York, November 30, 2021 (Global News Service)-Reportlinker.com announced the release of the report "2021 Textured Pea Protein Global Market Report: COVID-19 Growth and Changes"-https://www.reportlinker.com/p06187344 /?utm_source=GNW The main types of organized pea protein products are yellow peas and green peas. Peas, commonly referred to as yellow peas, are a type of peas that are best eaten dried rather than fresh. Pea skin (seed coat) is light yellow. The peas are dark yellow inside, but the color disappears after they are cooked. It is both mechanical and conventional, and has different processing types such as dry processing and wet processing. It is implemented in various vertical fields, such as food processing, animal feed, nutraceuticals, sports nutrition, infant nutrition, cosmetics, and personal care. The global textured pea protein market is expected to grow from USD 414.3 million in 2020 to USD 471.96 million in 2021, with a compound annual growth rate (CAGR) of 12.8%. The growth is mainly due to the company's resumption of operations and adapting to the new normal, while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and the closure of business activities, leading to operations challenge. It is estimated that by 2025, the market will reach a compound annual growth rate of 9.3% to reach US$673.7 million. The textured pea protein market includes textured pea protein sold by entities (organizations, individual traders and partnerships), which are extracted from peas to make high-protein, plant-based meat substitutes. It is a naturally gluten and soy-free product with a pleasant taste and texture, making it an ideal supplement to popular ingredients in a variety of applications. Textured pea protein is non-GMO and hypoallergenic, which makes it an excellent alternative to wheat and soy products. Consumers are increasingly interested in plant-based proteins, driving the growth of the pea protein market. In recent years, as vegan, vegetarian and flexible diets have become quite popular, consumer interest in plant-based diets has increased significantly. The protein content of textured pea protein is among the highest in the world, with a pleasant taste and attractive texture. According to data from the Plant Food Association (PBFA), U.S. plant food sales increased by 11.4% in 2019, bringing the overall market value to $5 billion. Compared with 2019, the sales of plant-based foods increased by 90% in mid-March 2020. As a result, consumers are increasingly interested in plant-based proteins, driving the growth of the pea protein market. In 2020, North America will be the largest region in the textured pea protein market. Europe is the second largest market in the textured pea protein market. The regions covered by this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The introduction of organic pea protein isolate is an emerging trend in the pea tissue protein market. The major companies operating in the field of organizing pea protein are all focused on launching organic pea protein to meet consumer demand for organic protein products. For example, in November 2019, the American food company Ingrediention Incorporated launched Vitessence Pulse 1803 organic pea protein isolate, which is used to replace meat and dairy products, nutrition and sports bars, baked goods, baking ingredients, powdered and ready-to-eat foods. drink. The ingredient has a smooth and creamy texture, with a mild raw and green flavor, and contains at least 80% protein. In February 2020, Kerry Group, a food company based in Ireland, acquired Pevesa Biotech SA for an undisclosed price. The acquisition aims to strengthen the Kerry Group's position in the professional nutrition field of hydrolyzed vegetable protein and expand the company's ability to serve the rapidly growing organic vegetable protein market. Pevesa Biotech SA is a Spanish-based company dedicated to providing a range of proteins, including organic pea and rice proteins and protein hydrolysates. The countries covered by the pea protein market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Read the full report: https://www.reportlinker.com/p06187344/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________

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