Global Pea Proteins Market to Reach Us$ 44.81 Mn by 2023: Credence Research

According to a new market report published by Credence Research Inc., “Pea Proteins Market (By Type (Isolates, Textured, and Concentrates), By Application (Meat Substitutes, Snacks & Bakery Products, Dietary Supplements, Beverages and Others)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide pea proteins market was valued at US$ 23.15 Mn in 2015. In terms of volume the global market stood at 11.13 kilo tons in 2015.

Browse the full report at http://www.credenceresearch.com/report/pea-proteins-market

Market Insights:

Factors such as increasing usage of pea protein as an ingredient in various food applications such as bakery products, dietary supplements and beverages among others, demand for natural ingredients, gluten free products and rising vegan and vegetarian population is fueling market growth across the globe. Moreover, the rising concern towards lactose intolerance levels is stimulating the global pea protein market demand. Technological advancement in extrusion & processing is also propelling the market demand.

Browse All Reports of This Category @ http://www.credenceresearch.com/industry/food-and-beverage-market

On the other hand, presence of various other plant-based ingredients such as soy is the major factor inhibiting the market growth. In addition presence of other animal protein is restraining the growth of the global pea protein market. High cost of pea proteins is also barring the growth of the global market.

Emerging economies offers huge potential owing to increasing awareness about the high nutritional profile of pea protein, changing lifestyle and rising health consciousness among others. Product innovation and increasing application scope of pea protein is likely to open new growth opportunities for pea proteins market participants in the near future. Furthermore, positive outlook towards sports nutrition is also projected to foster market growth.

Competitive Insights:...