This article is written and sponsored by Transparency Market Research.
The growing adoption of protein-rich diets by health enthusiasts across the globe is projected to play a key role in the rapid expansion of the organic pea protein market. Further supporting market prospects are rising demand for clean label, organic, and natural products, growing adoption of vegan lifestyles, and consumer avoidance of animal-based product allergens.
According to a study by Transparency Market Research (TMR), the global organic pea protein market is projected to grow at a CAGR of 8% and reach a $96 million valuation by 2029.
The market will also be supported by growing consumer interest in dietary supplements like protein powder, which is fast becoming a mammoth opportunity for players in the space. Moreover, organic pea protein is also used in sports nutrition products.
Multiple Applications of Organic Pea Protein Drive Tremendous Profitable Prospects for Players
Organic pea protein is used in the manufacturing of many products such as bakery, meat substitutes, snacks & cereals, confectionery, functional beverages, and meat-based products. Growth in the demand for these products, in turn, is estimated to create substantial sales avenues for organic pea protein manufacturers in the years ahead.
Players Partner with Other Competitors to Maintain Prominent Market Position
Some of the key players in the global organic pea protein market are Farbest Brands, The Green Labs LLC, The Scoular Company Ltd., Greenway Organics (Tianjin) Co., Ltd., Vestkorn, YT (XI’AN) Biochem Co., Axiom Foods, Inc., Phyto-Therapy Pty Ltd., Puris, MaxsunA Industries, Inc., A&B Ingredients, and Bioway (Xi’an) Organic Ingredients Co. Ltd.
Major participants in the global organic pea protein market are focused on offering superior quality products and will invest in R&D projects. Moreover, rising demand for organic pea proteins from many end-use industries is pushing manufacturers to strengthen their production capabilities. With that, companies are partnering with their large or mid-sized competitors to cater to the increasing market demand.
North America: Lucrative Region for Enterprises from Organic Pea Protein Market
In terms of region, the global organic pea protein market shows promising growth opportunities in several geographies such as Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America seems to hold substantial share of the global organic pea protein market.
The North America organic pea protein market is expected to offer noteworthy expansion prospects for manufacturers based on surging demand for protein-rich diets and increased heath awareness. Moreover, the presence of many prominent players is expected to help drive regional market growth.
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