The Middle-East and Africa Market for Pea Protein has been estimated at USD 2.84 Million in 2016 and is projected to reach USD 4.13 Million by 2021, at a CAGR of 7.79% during the forecast period from 2016 to 2021. Pea concentrates contain up to 75% protein content and are used in food, beverages and aqua-feed. Textured pea proteins are being increasingly incorporated in dietary supplements and beverages owing to its high fibre content and texture similar to that of meat. Pea protein and other plant proteins have complementary amino acid profiles, which when combined, offer enhanced nutritional benefits.
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In countries of Middle-east and Africa, the demand for Pea Protein is slowly rising with increasing awareness about the nutritional benefits of Pea Proteins and its varied application. Also, the demand is rising due to increasing health awareness, due to which people are preferring natural pea proteins over other artificial protein substitutes. These are some of the factors that are leading to slow rise in the market growth, due stringent government regulations and high price of Pea Proteins may constrain the market growth.
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The Middle-East and Africa pea protein market is segmented on the basis of type, application and region. On the basis of type, the pea protein market is segmented into concentrated, isolated and textured. In addition, textured pea protein is sub-segmented into wet and dry. Furthermore, on the basis of application the market is segmented into snacks & bakery products, meat extenders, meat substitute, food & beverages and other food application. Meat substitute segment is likely to grow at a significant rate over the forecast period compared to other areas.
Furthermore, on the basis of geography, the Middle-East and Africa Market is analysed under the regions namely, Middle-East region and Africa region. The markets in the countries of Middle-East and Africa are said to slowly increase with rising adoption of western culture, which is attracting the investors and companies to expand their market base in this region, as they see a great potential for future.
Some of the key players operating in Middle-East and Africa pea protein market are A&B Ingredients, Axiom Foods, Inc., Consucra-Groupe Warcoing, Burcon NutraScience Ltd., Roquette Freres and Nutri-Pea Limited.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.