Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 8.27 % |
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Market Overview
Europe Pea Protein Market Report is forecasted grow at a CAGR of 8.27% during the forecast period 2020 - 2025.
- As the vegan diet is given preference among a large section of developed economies such as European Union, the market for pea protein along with other vegetable proteins has been increasing as an alternative source of protein.
- Peas are an important grain legume, but more than 90% of pea production in Europe. Currently, pea protein concentrates and isolates are trending in the pet food industry. Concentrates are becoming a popular choice over isolates because of same nutritional profile but lower cost.
Scope of the report
Europe Pea Protein market is segmented by Form, application and geography. On the basis of form, the market is segmented into Protein Isolate, Protein Concentrate, and Textured Protein On the basis of application, the market is segmented into Bakery, Meat Extender and Substitute, Nutritional Supplement, Beverage, Snacks, and Other Applications.
| By Form | |
| Protein Isolate | |
| Protein Concentrate | |
| Textured Protein |
| By Application | |
| Bakery | |
| Meat Extender and Substitute | |
| Nutritional Supplement | |
| Beverage | |
| Snacks | |
| Other Applications |
| Geography | |
| Spain | |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Key Market Trends
Growing Demand for Plant Based Alternatives to Meat Products
Countries located in the Western hemisphere consume a diet that is rich in protein. However, there has been rising preference for vegan diet among a large section of developed economies like European Union, US and Canada. Reasons such as emotional attachment to animals, preventing the exploitation of animals, rising health consciousness, rising incidents of lifestyle diseases and growing environmental awareness are influencing people to switch to a vegan or vegetarian diet. This is increasing the preference for pea protein along with various other plant proteins such as soy protein. The rise in demand will affect the sales as well as the profitability of the industry.
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Textured Pea Protein Dominates the Pea Protein Market
Textured proteins are excellent sources of protein and fibre. It meets standards of nutrition but is economical as well. Plain textured proteins have zero cholesterol. The potential market application for textured pea protein includes meat alternatives and extenders. The textured pea proteins segment is further divided into dry textured and wet textured protein based on their extraction form. The textured pea protein segment is estimated to be the fastest-growing type due to its application as meat analogs, extenders & substitutes in Hamburger, ground meat, stuffing, sausages, vegetarian products, Bolognese sauces, pizza dressing, and nuggets.
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Competitive Landscape
Companies are focused on setting up their manufacturing units in the market due to rising consumer demand for pea protein. The same technique was also used in France, where French-grown yellow peas are manufactured; all the major players in the sector are expanding their reign with the agenda of gaining supremacy in the market. Some of the major players in europe pea protein market includes Cargill, Incorporated, Axiom Foods, Inc., Kerry Inc., Roquette Freres among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Form
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5.1.1 Protein Isolate
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5.1.2 Protein Concentrate
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5.1.3 Textured Protein
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Meat Extender and Substitute
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5.2.3 Nutritional Supplement
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5.2.4 Beverage
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5.2.5 Snacks
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5.2.6 Other Applications
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5.3 Geography
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5.3.1 Spain
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5.3.2 United Kingdom
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5.3.3 Germany
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5.3.4 France
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5.3.5 Italy
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5.3.6 Russia
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Axiom Foods, Inc.
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6.4.3 Kerry Inc.
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6.4.4 Roquette Freres
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6.4.5 The Scoular Company
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6.4.6 Naturz Organics
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6.4.7 Fenchem
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6.4.8 Glanbia Plc
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Europe Pea Protein Market market is studied from 2016 - 2026.
What is the growth rate of Europe Pea Protein Market?
The Europe Pea Protein Market is growing at a CAGR of 8.27% over the next 5 years.
Who are the key players in Europe Pea Protein Market?
Cargill, Incorporated, Axiom Foods, Inc., Roquette Freres, The Scoular Company, Naturz Organics are the major companies operating in Europe Pea Protein Market.
