Asia-Pacific Pea Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Pea Protein market is segmented by Product Type (Isolates, Concentrates, and Textured), Application (Bakery, Meat Extender and Substitute, Nutritional Supplement, Beverage, Snacks, and Other Applications), and Geography.

Market Snapshot

Asia Pacific Pea Protein Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 8.4 %

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Market Overview

Asia-Pacific Pea Protein is projected to grow at a CAGR of 8.4% during the forecast period 2020-2025.

  • The health benefits of protein intake from fast muscle recovery to weigh control is driving protein uptake. Its use in functional foods in the Asian market makes it the most trending in the plant protein segment.
  • Pea protein is generally used as a dairy alternative and a dietary supplement. It boasts a neutral taste and possesses a typical amino acid profile, making it a feasible choice for the food industry. Pea protein is not an allergen, such as soy, and more sustainable than nuts.

Scope of the report

Asia-Pacific Pea Protein market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into isolates, concentrates, and textured. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and other applications. By Geography, the report provides a detailed analysis, which includes China, India, Japan, Australia, and rest of Asia-Pacific.

By Product Type
Isolates
Concentrates
Textured
By Application
Bakery
Meat Extender and Substitute
Nutritional Supplement
Beverage
Snack
Other Applications
By Geography
China
Japan
India
Australia
Rest of Asia-Pacific

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Key Market Trends

Growing Demand for Plant-based Protein

The popularity of pea protein in food products is increasing due to the shift in demand from animal protein to plant protein. This inclination toward a plant-based diet is associated with factors, such as sustainability, health, religious views, and environmental and animal rights. Moreover, the production of plant proteins is considered more environmentally economical than animal proteins. Thus, government associations around the world are also encouraging the consumption of sustainable and vegetarian food sources.

asia-pacific pea protein market

China holds a Prominent Share in the Market Studied

China is the biggest market followed by Japan, Australia, and India. Australian markets and buying patterns are different from the remaining Asia-pacific countries. It more closely resembles the western market trends. The market though is not driven by impulse, but by an economically strong and highly aware consumer base. China occupies the leading market position, with India and Japan being other important high pea potential markets. Historic trust is placed in alternative medical practices and the use of naturally derived locally sourced materials. The marketing and positioning of the product on these lines would ensure the long-term success of the market. The emergence of pea protein as a value-added product from a traditionally direct-consumption market will considerably enhance the growth prospects of pea processors and food manufacturers in North America and China.

asia pacific pea protein market

Competitive Landscape

Roquette, A&B Ingredients, and Axiom Foods are some of the many companies with major market shares in the segment. Companies are focused on setting up their manufacturing units in the market due to rising consumer demand. New entrants, in spite of heavy competition from major players, are targeting potential markets due to the high profits associated with the industry. Ojio Organic Pea Protein Powder in smoothies and shakes for a healthy dose of protein and iron. Companies have engaged in extensive scientific research in order to identify better varieties and economically feasible process.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Isolates

      2. 5.1.2 Concentrates

      3. 5.1.3 Textured

    2. 5.2 By Application

      1. 5.2.1 Bakery

      2. 5.2.2 Meat Extender and Substitute

      3. 5.2.3 Nutritional Supplement

      4. 5.2.4 Beverage

      5. 5.2.5 Snack

      6. 5.2.6 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Axiom Foods Inc.

      2. 6.4.2 Roquette Freres

      3. 6.4.3 A&B Ingredients

      4. 6.4.4 Shandong Jianyuan Foods Co., Ltd

      5. 6.4.5 Glanbia PLC

      6. 6.4.6 The Scoular Company

      7. 6.4.7 Sotexpro SA

      8. 6.4.8 Ingredion Incorporated

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Pea Protein Market market is studied from 2016 - 2026.

The Asia-Pacific Pea Protein Market is growing at a CAGR of 8.4% over the next 5 years.

Glanbia PLC, Ingredion Incorporated, The Scoular Company, Shandong Jianyuan Foods Co., Ltd are the major companies operating in Asia-Pacific Pea Protein Market.

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