Pea
proteins find widespread
applications in the sectors of beverages, food and industries. Their wide usage
in so many sectors is estimated to drive the demand for the pea proteins
market. Pea proteins provide the benefit of dietetic profile and useful
features with concentrated amino acids. They are categorized as concentrates,
isolates and coarse peas based on their protein content. Increased demand for
the pea proteins market is ascribed to innovative research and development
initiatives and augmenting vegetarians.
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Patents and research
and development in the extraction of pea proteins are also predicted to propel
the pea proteins market further. North America dominated the market in 2013.
This region was the biggest market and occupied majority of the shares. The
Asian Pacific pea proteins market is anticipated to rise most swiftly through
the forecast periodat more than 9 percent CAGR.This is owing to growing demand
for pea proteins in food applications in the nations of India, China and Japan.
Rising demand for
pea proteins across these nations also adds revenue to the worldwide market.
The market is likely to augment further on account of technological
innovations. It is also anticipated to experience expansion on account of
increased health awareness and rising demand for plant based food complements.
Boosting acceptance of meat replacements and intensified apprehensions
regarding lactose intolerance among adults are some of the other important
factors that drive further demand for the pea proteins market.
Moreover, optimistic
approach towards sports nourishment is also likely to further the sales of the
market. On the other hand, plant based constituents are estimated to restrain
the growth of pea proteins. Intensified research and development for product
advancements is predicted to open development opportunities for the pea
proteins market in the years ahead.
Categories
The pea proteins
market is segmented on the strength of three categories. These are
applications, kinds and geographies. The applications market includes snacks
and bakery products, meat extenders and analogs, beverages, nutritional
complements, and others. Boosting demand for pea proteins across these sectors
is also projected to drive the demand for the market.
The kinds pea
proteins market is fragmented on account of three categories. These are
concentrates, isolates, and textured. Textured is divided into dry and wet. The
geographies market is segmented on account of Asia Pacific, rest of the world,
Europe and North America.
Leaders
The applications pea
proteins market was dominated by nutritional complements in 2014. These
complements captured more than 65 percent of the worldwide volume. Escalated
health apprehensions and boosted awareness regarding nutraceuticals are
estimated to steer the sales of nutritional complements. Meat extenders and
analogs are likely to be the most speedily developing application through the
forecast phase.
The kindspea
proteins market was leaded by isolates. Isolates are projected to undergo
maximum development in the future. Textured pea proteins are being increasingly
used in nutritional complements.They landed second spot with regard to leading
the market.
The geographies pea
proteins market, as mentioned above, was leaded by North America in 2013. The
region occupied more than 35 percent of the entire volume in 2014.
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