North America Pea Derivatives Market Size & Outlook
North America pea derivatives market, 2017-2030 (US$M)
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North America pea derivatives market highlights
- The North America pea derivatives market generated a revenue of USD 978.6 million in 2022.
- The market is expected to grow at a CAGR of 12.4% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 978.6 million |
| Market revenue in 2030 | USD 2,487.1 million |
| Growth rate | 12.4% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Pea Protein |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 34.2% of the global pea derivatives market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,092.0 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 65.69% in 2022. Horizon Databook has segmented the North America pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
The North American pea derivatives market is expected to experience significant growth in the coming years, driven by the increasing consumption of energy bars, cold cereals, and snacks. Canada, in particular, is home to several pea protein manufacturers such as Burcon, Nutri-Pea, and Roquette.
This is due to the extensive cultivation of peas in the country, which has led to a high availability of peabased products in the market, thereby favoring the market growth in North America.
The demand for pea derivatives is also being fueled by the growing trend of plant-based diets and the increasing awareness about the health benefits of consuming protein-rich foods.
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Target buyers of North America pea derivatives market databook
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Our clientele includes a mix of pea derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America pea derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into North America pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America pea derivatives market size, by country, 2017-2030 (US$M)
North America Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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