( MENAFN - GlobeNewsWire - Nasdaq) Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "Global Pea Protein Ingredients Market, By Type; By Source; By Form; By Application; By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2024-2030." report has been added to ResearchAndMarkets's offering. The global pea protein Ingredients Market was valued at US$ 1.
61 billion in 2023 and is projected to register a CAGR of 22.57% over the forecast period. The market's expansion is driven by the rising awareness of health and wellness, particularly the benefits of plant-based diets which include lower risks of heart disease, hypertension, and type 2 diabetes.
Additionally, the environmental benefits of plant-based protein sources, such as lower water usage and reduced greenhouse gas emissions compared to animal-based proteins, have resonated with environmentally conscious consumers. Growth Influencers In recent years, consumer interest in plant-based meats has surged, often outstripping the supply capabilities of the industry. To meet the booming demand anticipated over the next decade, significant investments are needed to enhance manufacturing capacities and scale up the supply chain for plant-based proteins.
According to the Good Food Institute, by 2020, sales of plant-based alternatives in the U.S. were projected to grow at double the rate of overall food sales, with plant-based meats seeing a remarkable 45% increase in sales.
This demand surge is prompting more fa.
