Pea Protein Processing Equipment Market size is set to grow by USD 67.19 million from 2022-2027, North America to account for 38% of the growth - Technavio
NEW YORK, Feb. 8, 2024 /PRNewswire/ -- The global pea protein processing equipment market size is estimated to grow by USD 67.19 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.65% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 38%. North America emerges as the primary market for pea protein processing equipment, driven by the escalating demand for plant-based isolates, particularly among bodybuilders seeking alternatives to whey protein. These isolates find extensive applications in various food and beverage products, reflecting the growing consumer preference for healthy and sustainable options. Additionally, the utilization of pea protein concentrates in animal feed further bolsters market growth in the region.
For more insights on the historical data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
What's New?
- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!
Senior Automotive Analyst at Technavio says, "the health and nutritional advantages of pea protein are driving significant growth in the Pea Protein Processing Equipment Market. Pea protein is rich in essential amino acids like glutamine and branched-chain amino acids (BCAA), aiding muscle development and providing stamina during workouts. Moreover, it offers various benefits such as cholesterol reduction, calcium absorption, and allergen-friendly properties, making it a sought-after ingredient in sports and clinical nutrition products, thus bolstering market demand."
AKYUREK TECHNOLOGY, Alfa Laval Corporate AB, Alvan Blanch Development Co., Andritz AG, Buhler AG, Erich NETZSCH GmbH and Co. Holding KG, Flottweg SE, GEA Group AG, Hillenbrand Inc., Hosokawa Micron Corp., JK Machinery Sro, John Bean Technologies Corp., Jwala Techno Engineering Pvt. Ltd., Koch Industries Inc., Pollak Sala Sro, Prater Industries Inc., ProEx Food LLC, Satake Corp., SiccaDania AS, Sturtevant Inc., and Zanichelli Meccanica Spa are some major companies.
- Technavio has segmented the market based on method (wet fractionation and dry fractionation), application (food, healthcare products, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The wet fraction segment will be significant during the forecast period.
Insights on the market contribution of various segments including country and region wise historical data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report
What are the key data covered in this Pea Protein Processing Equipment Market report?
- CAGR during the forecast period
- Detailed information on factors that will drive the growth of the Pea Protein Processing Equipment Market between 2023 and 2027
- Precise estimation of the Pea Protein Processing Equipment Market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Pea Protein Processing Equipment industry across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Pea Protein Processing Equipment vendors
Technavio's SUBSCRIPTION platform
Applications
The Pea Protein Processing Equipment industry encompasses machinery for plant-based protein processing, including protein extraction technology and food manufacturing equipment. With a focus on sustainable food production, the market caters to the growing demand for vegan protein production and protein ingredient processing in the food industry. These agricultural processing equipment facilitate efficient extraction processes, driving the expansion of the market.
Related Reports:
The ice cream processing equipment market is estimated to grow at a CAGR of 3.79% between 2022 and 2027. The size of the market is forecast to increase by USD 1,949.64 million.
The plant-based beverages processing equipment market is estimated to grow at a CAGR of 8.94% between 2022 and 2027. The size of the market is forecast to increase by USD 1,328.36 million.
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article