Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2019 |
| CAGR: | 7.2 % |
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Market Overview
North America Pea Protein market is projected to grow at a CAGR of 7.2% during the forecast period 2020-2025.
- The pea protein market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat products category.
- The high functional property of pea protein and its natural health benefit are boosting its market growth. There is an increase in the adoption of pea protein across several end-user industries, owing to its high sustainability.
Scope of the report
North America Pea Protein market is segmented by Product Type, application, geography. On the basis of product type, the market is segmented by 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.Based on geography, the report provide a regional analysis, which includes United States, Canada, Mexico, and rest of North America.
| By Product Type | |
| Isolates | |
| Concentrates | |
| Textured |
| By Application | |
| Bakery | |
| Meat Extender and Substitute | |
| Nutritional Supplement | |
| Beverage | |
| Snack | |
| Other Applications |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
Key Market Trends
Increase in Plant Protein-based Ready-to-Eat Products
Consumers’ consumption pattern has been undergoing transformation with context to lifestyle choices and food consumption patterns. They demand convenience food products, but with rich nutritive profile and health benefits. The consumer-oriented research has led to the evolution of meat analogues that satisfy the demand of the vegan consumers, or those who do not prefer to consume animal protein, due to health reasons. The new compositional research and modified high-moisture extrusion process is helping the plant protein market growth. For instance, plant protein-based chocolates that are free from animal protein make up for a good demand in the market, for consumers who do not consume dairy, this in turn boosting the market growth in the region.
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United States holds the Largest Market Share in the Market Studied
The pea protein market is more saturated in the United States in comparison to other countries, although the new trend of pea and other vegetable proteins is boosting the market growth.In the product application type, plant protein has a major usage in bakery and sports nutrition products. The shift among Americans toward bakery products in breakfast meals has increased the plant protein application in bakery products. Moreover, the pea protein application in sports nutrition is gaining an advantage, due to high nutritional profile and comparatively good sensory properties of the protein compared to other plant proteins.
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Competitive Landscape
The leading companies focus on the expansion of their plant protein business, in the local and international markets. Certain players have been expanding their geographical presence by acquiring or merging with the manufacturers in the international markets. Some of the major players in the in the market studied are Axiom Foods Inc., Roquette Freres, Cargill Incorporated, DuPont de Nemours Inc. among others.
Major Players
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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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 Forces 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 Product Type
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5.1.1 Isolates
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5.1.2 Concentrates
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5.1.3 Textured
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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 Snack
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5.2.6 Other Applications
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5.3 By Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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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 Axiom Foods Inc.
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6.4.2 Roquette Freres
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6.4.3 Cargill Incorporated
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6.4.4 DuPont de Nemours Inc.
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6.4.5 Glanbia PLC
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6.4.6 The Scoular Company
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6.4.7 Emsland Group
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6.4.8 Ingredion Incorporated
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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 North America Pea Protein Market market is studied from 2016 - 2026.
What is the growth rate of North America Pea Protein Market?
The North America Pea Protein Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the key players in North America Pea Protein Market?
Axiom Foods Inc., Cargill Incorporated, Roquette Freres, Emsland Group are the major companies operating in North America Pea Protein Market.
