APAC Pea Protein Market 2020 By Industry Growth & Regional Trend To 2026

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Asia Pacific Pea Protein Market to Surpass 95 Mn
by 2026 Graphical Research
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APAC Pea Protein Market size is predicted to
exceed USD 95 million by 2026, according to a
latest forecast report by Graphical Research.
Increase in the awareness about protein-based
diets among athletes and millennials has boosted
the demand for plant-based proteins as meat
alternatives, nutraceutical, and sport
supplements. Further, increasing consumer
spending on health and wellbeing and shift to
vegan diets should stimulate the APAC pea protein
market growth. The pea protein isolate segment
is projected to register growth of over 19 from
2020 to 2026. Protein isolates contain higher
proportion of protein and less sugar and fat than
protein concentrate. Pea protein isolates are
produced by wet processing methods. Pea protein
isolates are created for animal nutrition by
precipitating proteins up to isoelectric point at
high temperature. Pea protein isolates have a
protein range of nearly 85 to 90.   Protein
isolates are consumed for meeting high protein
content requirement. The demand for protein
isolates has increased among athletes to meet
their high protein requirement. Further,
increasing diet and nutrition products in India,
China, and other emerging countries should boost
the pea protein isolates segment. The India's
nutraceutical market value is predicted to reach
approximately USD 9 billion by the end of 2022
from around USD 3.5 billion in 2017. This
increase in the consumption of nutraceuticals
should influence demand for plant-based products.
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Sports supplement segment is estimated to witness
15.5 CAGR through 2026. Proteins are majorly
used by athletes for building muscle tissues and
as a fuel source. Protein supplements are
consumed by athletes who are unable to receive
required protein through food alone. Sports
supplement use has increased in Asia Pacific,
pertaining to rising number of professional
athletes and growing focus of athletes and
consumers on nutrition. This rise has triggered
the consumption of protein based foods. Moreover,
consumer focus on health and wellness has also
increased in urban parts of Asia Pacific, owing
to changing lifestyle and growing consumer
awareness about importance of nutrition. Such
rise should also facilitate consumption of plant
based proteins. Increasing population and rising
per capita income in countries like China, India,
and Southeast countries should augment the pea
protein market growth.   Asia Pacific dietary
supplements industry has experienced significant
growth in recent years, pertaining to improving
economic conditions in developing economies.
Consumers are willing to spend more on
supplements that can help in overall health
wellbeing. Consumers in urban parts of Asia
Pacific are looking for meat replacement food
source. Many companies have introduced plant
based meat replacement products derived from soy,
wheat, and pea. On-the-go and high paced
lifestyle among urban consumers has also
proliferated the demand for protein
products.   Significant rise of sports users in
the region has boosted the demand for protein
powders and shakes. Such trend should propel the
demand for plant-based proteins such as pea and
soy protein. Moreover, shift of consumers
nonvegetarian diets to vegetarian diets has
increased awareness among consumers regarding
plant-based protein products, which should boost
the market growth.   Major players in the market
include Titan Biotech, Ingredion Incorporated,
NOW Health Group, Inc., Axiom Foods Inc., RAJVI
ENTERPRISE, AB Ingredients, Yantai Oriental
Protein Tech, and Shandong Jianyan Group.
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Segmentation of Asia Pacific Pea Protein
Market  Asia Pacific Market, By Product Pea
Protein Isolate Pea Protein Concentrate Textured
Pea Protein Asia Pacific Market, By
Application Meat Substitutes Nutraceuticals Sports
Supplement Others The above information has
been provided for the following countries Asia
Pacific China India Japan South
Korea Malaysia Thailand Australia
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reserved.


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