The North America pea protein market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to large portion of the population today favors non-meat and non-animal origin goods, such as milk or milk-based products, resulting in the increase of pea protein.
Pea protein powder is a dietary supplement manufactured from yellow pea protein. It’s commonly used to boost the protein level in smoothies and shakes, and because it's naturally vegan and hypoallergenic, it's a good fit for practically any diet. Pea protein is an excellent source of iron and a high-quality protein. It can help you gain muscle, lose weight, and improve your heart health.
Increased demand on the world's resources to produce not just more but also diverse types of food will be placed on the world's resources as a result of a growing global population paired with variables such as shifting socio-demographics. Increased demand for animal-based protein, in particular, is predicted to have a severe environmental impact, resulting in increased greenhouse gas emissions, as well as the need for additional water and land.
To address more sustainable production of existing protein sources, as well as new sources for direct human consumption, will be required. As protein content claims are based on protein quality, the regulatory regimes in Canada and the United States are distinct. In Canada and the United States, the protein quality of a diet is measured using the protein efficiency ratio (PER) technique to create a protein rating or a protein digestibility adjusted amino acid score for those under the age of one year (PDCAAS).
When compared to animal-based protein sources, plant-based protein sources contain lower amounts of essential amino acids (mg/g of protein) and lower digestibility coefficients, which impacts their evaluated protein quality. Plant-based proteins are being promoted in dietary guidelines all around the world, including in North America.
Despite the fact that plant-based protein sources such as legumes (soybeans, pulses), nuts, and seeds have always been available, the food industry is responding to dietary guidelines and consumer trends by developing innovative and reformulated foods with significant levels of plant-based protein per serving. The government of Canada announced a CA$150 million commitment to assist promote Canada's plant-based protein sector in 2018, in response to rising interest in the usage of plant-based proteins.
The report on the North America pea protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Pea Protein Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Applications (Bakery, Nutritional Supplement, Beverage, Snacks, Meat Extender & Substitute, and Others), Product Types (Concentrates, Isolates, and Textured) |
Regional Scope |
North America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Roquette Freres; Emsland Group; Axiom Foods Inc.; Cargill Incorporated |
Based on applications, the North America pea protein market is divided into bakery, nutritional supplement, beverage, snacks, meat extender & substitute, and others. The bakery segment is expected to account for a key share of the market during the forecast period owing to pea protein may be found in a wide range of egg-based products including vermicelli, pasta, cookies, and cakes also they are not an allergen and has a higher environment-friendly quotient in comparison with other alternatives.
In terms of types, the North America pea protein market is segmented into concentrates, isolates, and textured. The isolates segment is expected to hold a key share of the market in the coming years due to arginine, leucine, glutamine, and the remaining branch chain and essential amino acids are abundant in this isolate. Pea protein isolates have a higher protein purity than pea protein concentrates. All of these characteristics of pea protein make it an appealing choice to customers.
Key players competing in the North America pea protein market include Roquette Freres; Emsland Group; Axiom Foods Inc.; Cargill Incorporated, Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
In January 2020, Merit Functional Food Corp, a joint venture firm of Burcon Nutrascience Corp, has obtained a co-investment from the Protein Industry. This advancement will enable Merit Functional Food Corp to expand rapidly in the protein manufacturing business. In January 2020, Rouquette Freres has engaged into a multi-year agreement with Beyond Meat (US) to provide pea protein for Beyond Meat's plant-based meat products.
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