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The global pea protein market is being driven by the rising popularity of pea protein worldwide due to the growing awareness and rising concerns about the environment, health, and animal-rights. Since pea protein is neutral in taste, it is used 2014extensively in dairy alternatives of products like cheeses and yoghurts. It is also considered ‘Intermediate-fast protein’, which means, post-digestion, the pea protein is speedily assimilated by the body for protein synthesis. It, thus, has numerous applications in gluten-free and vegetarian foods, sports and slimming foods, and senior and clinical nutrition, which is furthering the demand for pea proteins in the global market.
Major companies like Roquette Frères S.A and Axiom Foods Inc are some of the leading contributors to the growth of the pea protein market. Roquette Frères S.A is expected to open the largest pea protein manufacturing plant in Manitoba, Canada to cater to the increasing customer demand for plant-based proteins in North America and globally. This planned expansion will invigorate Roquette’s global leadership in plant protein products and will help further emphasize Roquette’s presence in the Americas. Axiom, another leading company in the pea protein market, has introduced a comprehensive line of all-natural ingredients, enriched with nutrition. The new line includes VegOtein P™ Pea Protein, a neutral-tasting pea protein, which was recently launched in March 2020. By coming up with this innovation, Axiom remains ahead of the other leading pea protein manufacturers like Ingredion, Roquette, Cargill, AIDP, and Shandong Jianyuan Foods, who have been striving to make pea protein flavourless and allergen-friendly. In March 2020, Axiom registered Univar Solutions (NYSE: UNVR), a global chemical and ingredient distributor, to be its official ingredient distributor in the United States. The collaboration with Univar helps Axiom extend its reach in the plant-based protein market.
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Roquette Frères S.A, Burcon NutraScience Corporation, Axiom Foods Inc, Farbest-Tallman Foods Corporation, Cosucra Groupe Warcoing SA, and Shandong Jianyuan Group, among others, are the key players in the global pea protein market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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