Pea Protein Nuggets Market Outlook
Proteins are structural, functional and fundamental elements present within every cell of the body and are indulged in a variety of metabolic interactions. They can either be derived naturally i.e. by plants and animals, and also, synthetically.
Proteins are added in many food products as they provide a wide range of benefits such as they help with aging and muscle loss, repair the cells of the body, aid in recovering and also in curbing the appetite and others. Nowadays, Pea proteins are gaining popularity and the pea protein nuggets market is observing growth as they add nutrients to the products and help to keep the gluten free items together. Pea protein nuggets are sustainably produced from conventional, non-genetically modified yellow peas that have 70% of protein content and offer functional benefits. Pea protein nuggets is one such product of pea protein which is high in protein content and also incorporate high nut, grain and seed content. They are available in different shapes and sizes.
Pea protein nuggets market has a vast scope to excel, owing to the rise in vegan demographics and recent trends such as healthy snacking and consumer preference for functional foods as functional foods provide additional health benefits. They are also known as “Crisps” and are used in making cereals, nutrition bars and a wide range of healthy snacks.
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Transforming Snacking Trends Fueling Pea Protein Nuggets Market
As economy is bustling with innovations and industrial growth is also at the peak, industries are coming up with the better alternatives of the conventional meat products that now, are being less preferred by the public. Some other factors behind these innovations are changing snacking trends, vegan demographics and increase in per capita income.
Europe and USA are the leading producers of pea protein nuggets, again, due to population’s demand for vegan products because of their natural base, and health benefits that they offer, well-established food and beverage industries, nutraceuticals and bakery industries and powerful economy.
Pea Protein Nuggets Market Segmentation
Pea Proteins Nuggets can be segmented on the basis of sales channel and end use.
On the basis of sales channel, pea protein nuggets market can be segmented as:
- Nutraceuticals Industry
- Bakery Industry
- Food and Beverage Industry
On the basis of end use, pea protein nuggets market can be segmented as:
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Pea Protein Nuggets Market: Key Players
The pea protein nuggets market is still growing and so, there are not many companies that are processing pea protein nuggets. The only companies paying emphasis on pea protein nuggets as of now include DuPont de Nemours, Inc., and VEGGIEMEAT GMBH.
It is anticipated that pea protein nuggets market will escalate gradually and its consumption and awareness among the population will increase.
Pea Protein Nuggets Market Opportunities
Pea protein nuggets has not gained much popularity yet. But, considering the characteristics and properties that pea protein owes, it is expected that its sales will boost. The growing number of vegan consumers can serve as the major driver for the pea protein nuggets market. People are nowadays switching to and preferring the products that have a natural base, gluten free, allergen free and harmless. Another driver could be the rise in health conscious population. Pea protein nuggets are also used in the processing of health bars and snacks. Pea protein nuggets can serve as a great alternative to the meat products as they are very high in the protein content. As people’s lifestyle is advancing, people’s preferences are also changing. This factor can also serve as a driver for pea protein nuggets market. Apart from the key players, the other manufacturers should also recognize the potential of the pea protein nuggets and should invest in pea protein nuggets market. So, these are the few factors that could positively impact the pea protein nuggets market.
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