The Europe Market for Pea Protein has been estimated at USD 10.94 Million in 2016 and is projected to reach USD 15.19 Million by 2021, at a CAGR of 6.8% during the forecast period from 2016 to 2021.
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Pea isolates are a more refined version of pea concentrates while textured pea protein contains higher amount of protein as compared to concentrates and isolates. Pea protein products can replace a significant percentage of other proteins in many food products without impacting the colour, taste, or texture of the product.
They also offer health benefits such as weight management, boosting metabolism, and regulating blood sugar levels.
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As Pea Protein is a non-allergen and non-GMO protein, there is a great demand for Pea Proteins, which is witnessed in the recent times in Europe.
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Also, rising lactose intolerance cases and increased use of dairy and plant protein ingredients as additives are some of the factors which are rising the market growth for Pea Proteins in Europe. But, high cost involved in raw material processing and also stringent rules by the food administration bodies on the pricing of the products can dampen the market growth.
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The Europe pea protein market is segmented on the basis of type, application and region. On the basis of type, the pea protein market is segmented into concentrated, isolated and textured.
In addition, textured pea protein is sub-segmented into wet and dry. Furthermore, on the basis of application the market is segmented into snacks & bakery products, meat extenders, meat substitute, food & beverages and other food application.
Meat substitute segment is likely to grow at a significant rate over the forecast period compared to other areas.
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Furthermore, on the basis of geography, the European Market is analysed under various regions namely, UK, Spain, Italy, Germany and France. Europe is the second largest market after North America, in the global market.
The European market is mainly attracting the investors and companies with rising lactose intolerance cases, due to which there seems a high potential in this region.
Some of the key players operating in Europe pea protein market are A&B Ingredients, Axiom Foods, Inc., Consucra-Groupe Warcoing, Burcon NutraScience Ltd., Roquette Freres and Nutri-Pea Limited.
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