Pea Protein Market Projected to Grow at CAGR of 19.9%, Reaching $7Bn Valuation by 2031
The global pea protein market is set for significant growth and will be worth $7 billion by 2031, according to a report by Astute Analytica. A shift towards sustainable plant-based proteins and healthier lifestyles will drive the market to grow with an estimated CAGR of 19.9%. Unlike many other proteins, pea protein is allergen-free, widely available, and has a high nutritional value. It is also low in calories and high in fiber, helping to address cardiovascular issues and obesity. Over the forecast period, pea protein will be widely used in applications such as meat alternatives, protein bars, and shakes. The increasing trend for clean-label products will encourage manufacturers to incorporate more pea protein into their formulations. Competition from other protein sources such as wheat, soy, …