, October 11, 2017 ) Among various vegetable protein, good nutritional profile of pea protein is responsible for its growth in market share. Various amino acids like Lysine, Aspartic acid and glutamic acid are abundant in pea protein Market
. Moreover, pea protein also has less allergen, which makes it an obvious choice for people who are milk/meat intolerant.
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In North America, demand for pea protein for use in bakery is increasing, over direct consumption. Also, rising veganism and high nutritional profile of pea protein are the factors which are mainly driving the market growth. But, stringent regulation by the food administration bodies over the product prices can dampen the market growth in this region.
The North America pea protein market is segmented on the basis of type, application and region. On the basis of type, the pea protein market is segmented into concentrated, isolated and textured. In addition, textured pea protein is sub-segmented into wet and dry. Furthermore, on the basis of application the market is segmented into snacks & bakery products, meat extenders, meat substitute, food & beverages and other food application. Meat substitute segment is likely to grow at a significant rate over the forecast period compared to other areas.
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Furthermore, on the basis of geography, the North America market is analysed under regions namely, USA and Canada. North America pea proteins market accounted for over 35% of the overall volume. Increasing demand for gluten-free products in the U.S., growth of sports nutrition industry and rising concerns for diseases caused due to red meat consumption are some of the important factors which are impacting a positive market growth. A lot of food & beverages manufacturers of North America have expanded their product lines by launching new innovative products along with the growing availability of yellow peas in Canada.
Some of the key players operating in North America pea protein market are A&B Ingredients, Axiom Foods, Inc., Consucra-Groupe Warcoing, Burcon NutraScience Ltd., Roquette Freres and Nutri-Pea Limited.
Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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