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

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.

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.

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