Pea protein, a plant-based food extracted from yellow peas, originally known as pisum sativum, has an exceptional amino acid profile. Pea protein has gained immense popularity in the food & beverage industry due to its exclusive nutritional and functional characteristics such as foaming, solubility and emulsification.
Pea proteins are gluten-free, non-GMO, hypoallergenic and lactose-free, which fulfills consumer demand for a natural healthy product. These pea proteins are separated, extracted, sterilized and dried through numerous methods to enhance its properties. They are dried through spray drying and freeze-drying where freeze-dried pea isolates increase the shelf life, solubility and protein content of the pea protein.
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Freeze-dried pea isolates are generally used as an alternative for meat protein and whey protein. The global freeze-dried pea isolates market is about to witness a projecting growth in the upcoming years due to an increase in demand for functional food, sports nutrition supplement and a rising vegan population. The global freeze-dried pea isolates market is expected to witness a healthy CAGR during the forecast period.
The increasing demand for freeze-dried pea isolates is due to the expanding population shifting from animal-based protein to plant-based protein. Also, rising vegan population, changing consumer preference towards gluten-free and lactose-free products, and growing dependency on alternative food supplements due to an ever-increasing sedentary lifestyle are some of the major factors driving the freeze-dried pea isolates market globally.
Moreover, freeze-dried pea Isolates contains all essential amino acids, including valine, threonine, phenylalanine, methionine, isoleucine, leucine, histidine and lysine. These nine amino acids perform essential functions in the body and boost immunity. Freeze-dried pea isolates are hypoallergic, unlike soy, milk, whey, and cheese, and hence, are used as an alternative for various proteins. Thus, freeze-dried pea isolates act as a substitute for multiple proteins in the market and, thereby increasing the global demand for freeze-dried pea isolates market.
Other than a nutritional supplement, it is also used as an emulsifier or texturizing agent in the meat processing industry. This is mainly due to its outstanding hydrophilic performance and emulsifying capability. However, increasing meat consumption owing to increase in the middle-class population has dampened the growth of global freeze-dried pea isolates market.
North America accounts for a majority of the share in the global freeze-dried pea isolates market. This is mainly because North America is one of the major pea producing regions, as well as the largest exporter of peas globally. Europe has gained the second position in the global freeze-dried pea isolates market, with the presence of major manufacturing companies and operational facilities in the region. Changing consumer preference and increase in vegan consuming population is also one of the factors for the growth of global freeze-dried pea isolates market.
The Asia Pacific is one the fastest-growing region in the global freeze-dried pea isolates market owing to rising health-conscious population and expanding manufacturing facilities of freeze-dried pea isolates in the region, especially in China, Japan and Australia. Other regions such as the Middle East & Africa and Latin America are anticipated to grow in the coming future and accounts for merely single-digit growth, mainly due to the presence of unorganized players in the freeze-dried pea isolates market.
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The freeze-dried pea isolates market consists of consolidated players with major players holding a majority of the shares in the freeze-dried pea isolate market.
The global freeze-dried pea isolates market is segmented on the basis of application, product type and region.
Based on application, the global freeze-dried pea isolates market is segmented as:
Nutrition supplement end-use application accounts for a share of around 30% – 35% in the global freeze-dried pea isolates market. Moreover, energy drinks remains one of the major hotspots in the global freeze-dried pea isolates market.
Based on product type, the global freeze-dried pea Isolates market is segmented as:
High purity pea protein accounts for a major share in the global freeze-dried pea isolates market. This is because high solubility and exceptional water-binding properties.
Based on region, the global freeze-dried pea isolates market is segmented as:
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