The pea segment is projected to be the fastest-growing in the plant-based protein market during the forecast period.
Pea protein is gaining popularity among plant-based protein manufacturers at a global level owing to its high protein content, and health benefits offered such as reduced cholesterol and lower blood pressure. Pea, as a source for plant-based protein products, is used in a wide range of food applications that include meat alternatives, beverages, snacks, bakery products, meat applications, and nutritional supplements. Pea offers characteristic advantages of emulsion, process & extrusion stability. It adds texture, taste, and mouthfeel to a variety of food applications, hence experiencing huge demand. Also, the market is driven by the rising demand for plant-based meat and healthy food products. A significant increase in the usage of pea as a key ingredient is being noticed in the plant-based meat industry.
Drivers
- Rise in Trend of Health and Sustainability
- Innovations in Terms of Integrating Plant-Based Proteins With Meat and Poultry Products
- Increase in Cases of Lactose Intolerance and Milk Allergies
- Growth in Investments in Plant-Based Food Businesses
- Social Media Trends to Sway More Consumers Toward Plant-Based Proteins
Restraints
- Allergies Associated With Plant-Based Protein Sources Such as Soy and Wheat
Opportunities
- Constant Rise in Demand for Food With Organic Ingredients
- Immense Opportunity in the Need for Alternative Solutions to Meet the Increasing Meat Demand
Challenges
- Increase in Production of and Adulteration With Genetically Modified (GM) Soybean
- Unpleasant Flavor of Soy Products
- https://redfood24.de/
https://redfood.de/
The nutrition supplements segment is projected to record the fastest growth during the forecast period.
Plant-based proteins are beneficial for weight loss, in addition to providing the building blocks for healthy muscles and tissues. The application of plant-based proteins as nutritional supplements is attributed to their high amino acid profile. Plant-based proteins tend to be lower in calories and fat than animal proteins but higher in fiber and essential nutrients. For instance, pea protein is allergen-free, provides iron, helps in muscle recovery, and helps to regulate blood sugar and insulin effect to prevent body fat storage potentially. Thus, pea protein is emerging as a key ingredient in manufacturing nutritional supplements and is growing at the highest CAGR.