Vegan News – Pea Protein Market Estimated to Reach $32 Million by 2019 New Report
The pea protein market is a fragmented market with leading companies driving the market growth by opting for strategic partnerships and innovative programs. The pea protein market is driven by the new protein extraction technology, advanced R&D initiatives, and rising vegetarian population.
Browse 115 market data tables and 64 figures spread through 153 pages and in-depth TOC on Pea Protein Market
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The pea protein market is driven by new advanced extraction technology development, and rising vegetarian population. The key market players adopt strategic partnerships as their preferred strategy to sustain the competition in the market. R&D and patents in pea protein extraction has further driven the market.
In 2013, North America was the largest market for pea protein. The Asia-Pacific market for pea protein is projected to grow at the highest CAGR of more than 9% during the review period, due to the increasing demand of pea proteins for food applications in emerging markets such as China, India, and Japan. The market is estimated to grow with the advancement in protein extraction technology of pea protein.
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The report includes development strategies and product portfolio of the leading companies. The company profiles of leading companies such as Roquette Freres (France), Burcon NutraScience ltd. (Canada) Consucra-Groupe Warcoing (Belgium), and Nutri-Pea Limited (Canada), and leading suppliers of pea proteins have been included in the report. Players in the pea protein market constantly invest in R&D to develop new extrusion technology to gain a competitive edge over others in the market.
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For the original version on PRWeb visit: http://www.prweb.com/releases/pea-protein/market/prweb12678620.htm
Read more: http://www.benzinga.com/pressreleases/15/04/p5443288/pea-protein-market-estimated-to-reach-32-million-by-2019-new-report-by-#ixzz3YQURyaS4