China Pea Derivatives Market Size & Outlook, 2022-2030
China pea derivatives market, 2017-2030 (US$M)
Related Markets
China pea derivatives market highlights
- The China pea derivatives market generated a revenue of USD 193.3 million in 2022 and is expected to reach USD 531.9 million by 2030.
- The China market is expected to grow at a CAGR of 13.5% from 2023 to 2030.
- In terms of segment, pea protein was the largest revenue generating type in 2022.
- Pea Protein is the most lucrative type segment registering the fastest growth during the forecast period.
Pea derivatives market data book summary
| Market revenue in 2022 | USD 193.3 million |
| Market revenue in 2030 | USD 531.9 million |
| Growth rate | 13.5% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Pea Protein |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pea Protein, Pea Starch, Pea Fiber |
| Key market players worldwide | International Flavors & Fragrances Inc, NutriPea, Cosucra, Roquette America, Puris, Burcon NutraScience Corp, Sotexpro, The Scoular Company, Fenchem, The Green Labs |
Other key industry trends
- In terms of revenue, China accounted for 6.7% of the global pea derivatives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pea derivatives market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 262.2 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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China pea derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pea derivatives market will help companies and investors design strategic landscapes.
Pea protein was the largest segment with a revenue share of 69.17% in 2022. Horizon Databook has segmented the China pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
Rising disposable income and rapid urbanization in China have led to changes in lifestyle, which, in turn, have changed the food consumption trends in the country. China has witnessed a significant increase in the per capita consumption of proteins.
Although animal protein constitutes a major part of the overall protein consumption in the country, growing awareness regarding the availability and environmental and health benefits of plant-based protein products is expected to positively impact the market growth.
China is a significant producer and consumer of pea protein, pea starch, and pea fiber. The country has been increasing its production of these pea derivatives to meet the growing demand from various industries, including the food and beverage, animal feed, and personal care sectors.
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Our clientele includes a mix of pea derivatives market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into China pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China pea derivatives market size, by type, 2017-2030 (US$M)
China Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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