By 2033, the Combined Sales of the Western Europe Pea
NEWARK, Del, Oct. 24, 2023 (GLOBE NEWSWIRE) — Pea protein is poised for substantial growth in Western Europe, with an estimated compound annual growth rate (CAGR) of 10.4% expected to propel sales to a projected value of US$ 2,956 million by 2033, according to Future Market Insights, Inc.
Read MorePea Protein Market size is set to grow by USD 203.32 million from 2022-to 2027 | The …
NEW YORK, Oct. 23, 2023 /PRNewswire/ — The global pea protein market size is estimated to grow by USD 203.32 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 12.24%, however, the growth momentum will progress during the forecast period. The high nutrient profile of pea protein and rapid product expansion notably drives the market growth. Pea protein isolate is approximately 85% protein, 7% fat, 3% carbohydrates, and 5% vitamins and minerals. In terms of revenue, pea protein is considered the third largest segment in the global vegetable protein market, after soy protein and wheat protein. Pea protein contains all essential amino acids, which includes the nine essential amino acids that cannot be synthesized by the body except methionine. There is an increase in the applications of pea protein in various food and beverage products will help in the growth of the market in focus during the forecast period. Hence, product expansion and extension are expected to play a significant role in driving the revenue of the market in focus during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027)
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