1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 STUDY SCOPE 20
1.4 REGIONAL SEGMENTATION 20
1.5 PERIODIZATION CONSIDERED 21
1.6 CURRENCY CONSIDERED 21
1.7 UNITS CONSIDERED 22
1.8 STAKEHOLDERS 22

2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key Data from Secondary Sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key Data from Primary Sources 25
2.1.2.2 Breakdown of Primaries 26
2.2 MARKET SIZE ESTIMATION 26
2.2.1 PEA PROTEIN MARKET SIZE ESTIMATION - METHOD 1 27
2.2.2 PEA PROTEIN MARKET SIZE ESTIMATION - METHOD 2 27
2.2.3 PEA PROTEIN MARKET SIZE ESTIMATION NOTES 28
2.3 DATA TRIANGULATION 29
2.4 ASSUMPTIONS FOR THE STUDY 30
2.5 LIMITATIONS OF THE STUDY 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 37
4.1 OVERVIEW OF THE PEA PROTEIN MARKET 37
4.2 GLOBAL: PEA PROTEIN MARKET, BY TYPE 37
4.3 GLOBAL: PEA PROTEIN MARKET, BY FORM 38
4.4 GLOBAL: PEA PROTEIN MARKET, BY APPLICATION 38
4.5 GLOBAL: PEA PROTEIN MARKET, BY SOURCE 39
4.6 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM 39
4.7 PEA PROTEIN MARKET, BY REGION 40

5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.1.1 DRIVERS 43
5.1.1.1 Growing vegan population and popularity of plant-based products 43
5.1.1.2 Advancements in extraction and processing technologies 44
5.1.1.3 Growing consumer awareness about nutritional benefits offered by pea and pea-based products 45
5.1.1.4 Declining demand for meat products due to disease outbreaks 46
5.1.2 RESTRAINTS 47
5.1.2.1 High cost of extraction and processing of pea protein 47
5.1.2.2 Low processing outputs resulting in limited supply to manufacturers 49
5.1.3 OPPORTUNITIES 50
5.1.3.1 Development and deployment of new application areas in pea protein 50
5.1.3.2 Lack of allergen properties helping acceptability against conventional plant-based proteins 50
5.1.3.3 Advancements in texture properties supporting adoption in baking ingredients 51
5.1.3.4 Rising expectations from plant-based protein 52
5.1.4 CHALLENGES 52
5.1.4.1 Supply constraints hampering growth prospects 52
5.2 VALUE CHAIN 53
5.3 REGULATORY FRAMEWORK 53

6 PEA PROTEIN MARKET: A COMPARATIVE ANALYSIS WITH ALTERNATIVE PROTEIN SOURCES 57
6.1 WHAT IS A PEA PROTEIN? 57
6.2 PROTEIN CONSUMPTION, BY SOURCE, 2018 58
6.2.1 WHAT IS THE NEED FOR INNOVATION IN THE PEA PROTEIN INDUSTRY? 62
6.2.2 COMPARATIVE ANALYSIS OF PROFILES OF KEY PLANT PROTEIN PRODUCTS 62
6.3 WHAT IS NEEDED TO EXCEL IN THE PEA PROTEIN INDUSTRY? 63
6.3.1 KEY SUCCESS ENABLERS 64
6.3.2 CONCLUSION 64

7 PEA PROTEIN MARKET, BY TYPE 65
7.1 INTRODUCTION 66
7.2 ISOLATES 68
7.2.1 DEMAND FOR HIGH-QUALITY PROTEIN PRODUCTS DRIVES THE DEMAND FOR PEA PROTEIN ISOLATES 68
7.3 CONCENTRATES 69
7.3.1 PEA PROTEIN CONCENTRATES HAVE WIDE APPLICATIONS IN SNACKS AND BEVERAGE ITEMS 69
7.4 TEXTURED 70
7.4.1 TEXTURED PEA PROTEIN IS HELPING MANUFACTURERS TO MEET THE HIGH DEMAND FOR PLANT-BASED MEAT 70
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8 PEA PROTEIN MARKET, BY FORM 72
8.1 INTRODUCTION 73
8.2 DRY TEXTURED PEA PROTEIN 74
8.2.1 GROWING DEMAND FOR PLANT-BASED MEAT PRODUCTS AND PEA SNACK PRODUCTS TO SUPPLEMENT GROWTH OF DRY TEXTURED PEA PROTEIN 74
8.3 WET TEXTURED PEA PROTEIN 75
8.3.1 PERFORMANCE NUTRITION APPLICATIONS TO SUPPLEMENT GROWTH OF WET TEXTURED PEA PROTEINS 75

9 PEA PROTEIN MARKET, BY APPLICATION 77
9.1 INTRODUCTION 78
9.2 MEAT SUBSTITUTES 80
9.2.1 CONCERNS OVER ETHICAL SOURCING AND SUSTAINABILITY DRIVE THE DEMAND FOR PEA PROTEIN IN MEAT SUBSTITUTES 80
9.3 PERFORMANCE NUTRITION 81
9.3.1 INCREASING CASES OF LACTOSE-INTOLERANCE AND GROWING ADOPTION IN SUPPLEMENTS DRIVE THE ADOPTION OF PEA PROTEIN IN PERFORMANCE NUTRITION 81
9.4 FUNCTIONAL FOODS 83
9.4.1 GROWING AWARENESS TOWARD THE FUNCTIONAL BENEFITS OF PEA PROTEIN SUPPORTS GROWTH IN FUNCTIONAL FOODS 83
9.5 SNACKS 84
9.5.1 DEMAND FOR HEALTHY SNACKING ALTERNATIVES DRIVES THE DEMAND FOR PEA PROTEINS IN SNACKS 84
9.6 BEVERAGES 85
9.6.1 EASY SOLUBILITY AND ADOPTION IN PLANT-BASED BEVERAGES TO SUPPORT PEA PROTEIN GROWTH 85
9.7 BAKERY PRODUCTS 86
9.7.1 DEMAND FOR HEALTHY ALTERNATIVES DRIVING THE USE OF PEA PROTEIN IN BAKING APPLICATIONS 86
9.8 CONFECTIONERY 88
9.8.1 CONSUMER DEMAND FOR HEALTHIER CONFECTIONERY PRODUCTS LEADING TO THE INTRODUCTION OF PEA PROTEIN IN INGREDIENT FORMATS 88

10 PEA PROTEIN MARKET, BY SOURCE 89
10.1 INTRODUCTION 90
10.2 YELLOW SPLIT PEAS 91
10.2.1 HIGH PRODUCTION RATES AND PROTEIN CONTENT FAVOUR DEMAND FOR YELLOW SPLIT PEAS 91
10.3 CHICKPEAS 92
10.3.1 IMPROVEMENTS IN TECHNOLOGICAL CAPABILITIES AND INNOVATION TO DRIVE GROWTH FOR CHICKPEAS IN PEA PROTEIN 92
10.4 LENTILS 93
10.4.1 EASY AVAILABILITY AND LOWER COSTS TO DRIVE GLOBAL DEMAND FOR LENTILS 93

11 PEA PROTEIN MARKET, BY REGION 94
11.1 INTRODUCTION 95
11.2 NORTH AMERICA 96
11.2.1 US 102
11.2.1.1 Adoption of healthy food habits for weight management has caused the pea protein market to flourish 102
11.2.2 CANADA 103
11.2.2.1 Canada is experiencing fast growth and expansion in the pea protein market, driven by high production volumes of dry pea 103
11.2.3 MEXICO 104
11.2.3.1 Evolving consumer preferences expected to drive the pea protein market in Mexico 104
11.3 EUROPE 105
11.3.1 FRANCE 113
11.3.1.1 Strong production and processing prospects to drive the pea protein market 113
11.3.2 DENMARK 113
11.3.2.1 Investments and production facilities to contribute to pea protein growth in Denmark 113
11.3.3 GERMANY 114
11.3.3.1 Growing consumer preference for plant-based foods to drive the demand for pea proteins in Germany 114
11.3.4 UK 114
11.3.4.1 Changing consumer tastes and preferences to drive pea protein consumption in the UK 114
11.3.5 SPAIN 115
11.3.5.1 Strong agricultural outputs and changing consumer preferences to drive pea protein consumption in Spain 115
11.3.6 NETHERLANDS 115
11.3.6.1 Changing consumer preferences and new product launches to drive the growth of the pea protein market in the Netherlands 115
11.3.7 ITALY 116
11.3.7.1 Strong competition from conventional protein sources to drive the demand for pea protein in Italy 116
11.3.8 FINLAND 116
11.3.8.1 Vegan trends and increasing manufacturer presence to drive the pea protein market in Finland 116
11.3.9 REST OF EUROPE 117
11.4 ASIA PACIFIC 117
11.4.1 CHINA 122
11.4.1.1 Rising demand for meat protein substitutes driving the pea protein market in China 122
11.4.2 INDIA 123
11.4.2.1 Preference for fitness among the youth propelling the market for pea protein 123
11.4.3 JAPAN 124
11.4.3.1 The increasing vegan culture has led the country to be a lucrative market for pea protein 124
11.4.4 AUSTRALIA & NEW ZEALAND 125
11.4.4.1 Rising environmental concerns are making the plant-based food segment in Australia & New Zealand grow at a faster speed 125
11.4.5 REST OF ASIA PACIFIC 126
11.4.5.1 Changing consumer lifestyle and demand for sports nutrition are major driving factors 126
11.5 SOUTH AMERICA 127
11.5.1 BRAZIL 131
11.5.1.1 Increase in demand for meat alternatives and sports nutrition driving the market 131
11.5.2 ARGENTINA 132
11.5.2.1 Growing vegan lifestyle in Argentina influencing market growth 132
11.5.3 REST OF SOUTH AMERICA 133
11.6 REST OF THE WORLD (ROW) 134
11.6.1 MIDDLE EAST 138
11.6.1.1 Increasing sports activities and a positive outlook toward vegan lifestyles of customers propelling the market 138
11.6.2 AFRICA 139
11.6.2.1 Easy availability of raw material and increase in awareness about health benefits associated with a plant-based diet expected to drive the market 139
12 COMPETITIVE LANDSCAPE 140
12.1 OVERVIEW 140
12.2 COMPETITIVE LEADERSHIP MAPPING 141
12.2.1 VISIONARY LEADERS 141
12.2.2 INNOVATORS 141
12.2.3 DYNAMIC DIFFERENTIATORS 141
12.2.4 EMERGING COMPANIES 141
12.3 RANKING OF KEY PLAYERS, 2019 144
12.4 COMPETITIVE SCENARIO 145
12.4.1 NEW PRODUCT LAUNCHES & APPROVALS 145
12.4.2 EXPANSIONS & INVESTMENTS 146
12.4.3 ACQUISITIONS 147
12.4.4 PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES 148
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13 COMPANY PROFILES 150
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
13.1 ROUQUETTE FRERES 150
13.2 INGREDION INCORPORATED 153
13.3 PURIS 156
13.4 EMSLAND GROUP 158
13.5 FENCHEM INC. 161
13.6 DUPONT 163
13.7 A&B INGREDIENTS 166
13.8 GLANBIA PLC 167
13.9 THE SCOULAR COMPANY 169
13.10 AXIOM FOODS INC 171
13.11 BURCON NUTRASCIENCE CORP 174
13.12 COSUCRA GROUPE WARCOING 176
13.13 SOTEXPRO 178
13.14 SHANDONG JIANYUAN FOODS CO., LTD. 179
13.15 YAN TAI SHUANG TA FOOD CO LTD. 180
13.16 KERRY INC 183
13.17 ET-CHEM 185
13.18 BATORY FOODS 186
13.19 AGT FOODS 187
13.20 THE GREEN LABS LLC 189
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

14 APPENDIX 190
14.1 DISCUSSION GUIDE 190
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 194
14.3 AVAILABLE CUSTOMIZATIONS 196
14.4 RELATED REPORTS 196
14.5 AUTHOR DETAILS 197