January 21, 2019 Pea protein is a food additive mainly used in cheese and yogurt. The pea protein market is expected to grow owing to consumer health awareness and demand for pea protein supplements. Renewed interest in gluten-free products, acceptance of meat alternatives in the case of teenage lactose intolerance is increasing market demand.
Plant-based supplements made from wheat, canola and soy may present market challenges. But the development of new products can open up new avenues to market. The global pea protein market is segmented on the basis of product, application, and region. Products include textured pea protein, isolates and concentrates.
Meat substitutes and sports nutrition supplements are manufactured using isolates. This may be due to the high amino acid content, high solubility and good water binding. Textured pea protein is used in large quantities in dairy supplements and beverages because of its meat-like appearance. Pea concentrates used in beverages, aquafeeds and food contain approximately 75% protein.
Dietary supplements, sports supplements, meat substitutes, nutraceuticals, etc. are major market applications. Dietary supplements are the largest application of the pea protein market due to consumer awareness of nutraceuticals. Concerns about meat allergies will spur demand for meat substitutes. This will be the fastest growing application during the forecast period (2016-2024).
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