Pea protein is a food additive that has a neutral taste and is used in various food applications such as bakery, beverages and snacks. It is also used as an alternative to protein derived from dairy products such as cheese and yoghurt. Pea protein is extracted from yellow pea, Pisum sativum, and has a typical legume amino acid profile. Peas contain low methionine and cysteine and are high in lysine in comparison to other protein crops. Pea protein is an ideal alternative for persons who are allergic or intolerant to dairy products. There is increasing consumer awareness towards preventive healthcare as well as about high nutritional value of pea protein. Moreover, pea protein is easier to digest than other plant proteins. Owing to these factors, consumption of pea protein across the world has been on the rise.
Market Value and Volume Forecast
The global pea protein market is anticipated to expand at a CAGR of over 11.8% in terms of value and 12.0% in terms of volume over 2016–2026. Factors such as increasing demand for natural ingredients, coupled with increasing usage of pea protein as an ingredient in various food application such as bakery & snacks, dietary supplementation, beverages and others, is fueling market growth across the globe. Currently, some major trends witnessed in the global pea protein market are gradual gain in popularity of vegan diet and vegetarianism and pea protein as an alternative to various proteins.