The Europe pea protein market size is projected to expand at a high CAGR of more than 5.2% during the forecast period, 2021–2028. The growth of the market is attributed to consumers’ awareness of healthy diets.
Pea protein is one such innovation, which is introduced into the plant protein category to meet the growing niche needs of health-loving consumers in product texture and in some cases can save costs. Stew Protein is more popular than other options because it does not contain gluten and dairy products.
Medical uses of pea protein include, metabolic stimulation, weight control, muscle health, regulate blood sugar levels, and improve blood circulation & calcium absorption. Countries in the Western hemisphere have high-protein diets.
However, many developed countries, such as the European Union, the United States, and Canada are increasingly adopting vegan diets. Exploitation of animals, increased health awareness, increased lifestyle-related diseases, and growing environmental awareness are encouraging people to switch to vegan or vegetarian diets and increase their preference for pea protein and other plant proteins (such as soy protein).
Market Trends, Drivers, Restraints, and Opportunities
- Growing preference of vegetarian foods is expected to boost the market during the forecast period.
- Rapid growth of the protein pea industry due to adoption of plant based products is the major factor fueling the market in the coming years.
- Growing awareness of dairy and meat allergies is expected to drive the market during the forecast period.
- Low acceptance of pea protein products by consumers is expected to restrict the market growth.
- Growing incidence of formulation problems act as major factors that can hamper the market growth during the forecast period.
- R&D investment and development of protein based foods alternative to meat and dairy products is expected to create significant opportunities for the market players.
Scope of Europe Pea Protein Market Report
The report on the Europe pea protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Pea Protein Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Forms (Protein Isolate, Protein Concentrate, and Textured Protein), and Applications (Bakery, Meat Extender & Substitute, Beverages, Nutritional Supplements, Snacks, and Others)
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Regional Scope: Europe
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Spain, United Kingdom, Germany, France, Italy, Russia, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Axiom Foods Inc., The Scoular Company, Naturz Organics, Roquette Feres, and Cargill Incorporated
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Europe Pea Protein Market Segment Insights
Based on forms, the Europe pea protein market is bifurcated into protein isolate, protein concentrate, and textured proteins. The textured protein segment is expected to hold a key share of the market during the forecast period owing to an excellent source of protein and fiber. Growth of the market is attributed to its use as meat analogs, fillings & substitutes for hamburgers, ground beef, cold cuts, hot dogs, vegetarian products, and meat sauces.
On the other hand, the protein isolate segment is anticipated to expand at a rapid pace during the forecast period. Pea protein isolate is increasingly used in foods, such as candy, cereals, plant-based dairy products, and plant-based meats. Pea protein isolate is a high-quality, high-protein substitute for vegans and vegetarians. Pea protein isolate is easily absorbed by the body (98%). This isolate is rich in leucine, arginine, glutamine, and essential amino acids.
Based on applications, the Europe pea protein market is bifurcated into bakery, meat extender & substitute, beverages, nutritional supplements, snacks, and others. The meat extender and substitute segment is expected to represent a key share of the market during the forecast period.
The use of pea protein in the manufacture of meat substitutes is increasing because its functional properties can be used in the manufacture of meat substitutes, including hamburgers and ground beef. Companies in the region are taking further steps to increase investment in the protein industry.
On the other hand, the nutritional supplement segment is expected to represent a key share of market during forecast period owing to growing vegetarian consumer who often attends gyms and health clubs prefer to consume dietary supplements with plant protein as an ingredient instead of animal protein.
Segments
The Europe pea protein market has been segmented on the basis of
Forms
- Protein Isolate
- Protein Concentrate
- Textured Proteins
Applications
- Bakery
- Meat Extender & Substitute
- Beverages
- Nutritional Supplements
- Snacks
- Others
Key Players
Competitive Landscape
Key players competing in the pea protein market include Axiom Foods Inc., The Scoular Company, Naturz Organics, Roquette Feres, and Cargill Incorporated. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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