Growing Demand for Gluten Free Products is Soaring the Growth of Global Pea Protein Market

The significant rise in the number of vegan and vegetarianism population is one of the key factors driving market growth.
DELTA, British Columbia - Jan. 29, 2021 - PRLog -- The growing demand for gluten free products, burgeoning consumption of nutritional supplements, increasing health concerns among consumers are some of the major factor projected to fuel the growth of Global Pea Protein market. The robust growth in the food industry on account of booming population and surging use of bakery goods, dietary supplements, and beverages among consumer are among the factors driving the market growth. Besides this, soaring expenditure on convenience food products, growing popularity of flexitarian diet and surging demand for meat substitutes are predicted to proliferate the demand for pea protein over the forecast period.

According to MarkNtel Advisors' research report "Global Pea Protein Market Analysis, 2021", the Global Pea Protein market is anticipated to grow at a CAGR of around 8% during 2021-26. Based on Foam, Liquid foam is among the fastest growing segment in 2020 on account of rising adoption of liquid foam in nutritional drinks, sports drinks, and other beverages. The huge consumption of energy drink worldwide is projected to surge the demand for liquid foam in the near future.

"Global Pea Protein Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Pea Protein providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Asia-Pacific Grow at a Highest Rate
Asia-Pacific is projected to attain highest CAGR in the Global Pea Protein market in 2020. The growth is attributed to burgeoning applications of pea protein in bakery & confectionery preparations, propelling consumer inclination toward plant-based proteins and healthier lifestyle and surging innovative product. Moreover, the growing population of vegan and lactose intolerance, snowballing demand in food & beverage manufacturers, and burgeoning consumers focus on meat alternatives are some of the factors anticipated to bolster the growth of the Pea Protein Market in the forthcoming period as stated in MarkNtel Advisors' research report "Global Pea Protein Market Analysis, 2021".

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