South Korea Pea Derivatives Market Size & Outlook
South Korea pea derivatives market, 2017-2030 (US$M)
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South Korea pea derivatives market highlights
- The South Korea pea derivatives market generated a revenue of USD 48.6 million in 2022 and is expected to reach USD 115.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.5% 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 48.6 million |
| Market revenue in 2030 | USD 115.9 million |
| Growth rate | 11.5% (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, South Korea accounted for 1.7% 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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South Korea 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 68.93% in 2022. Horizon Databook has segmented the South Korea pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for clean-label food products or processed food products containing plant-based ingredients is significantly growing across the country. This label consciousness is expected to benefit the overall plant-based products category, including pea protein, in the coming years.
Moreover, rising health consciousness is also driving the demand for functional food products, thereby benefitting the market. The growing trend of fast food among children in South Korea has raised concerns about their health and nutrition.
As a result, there has been a growing demand for nutritional food options that are both healthy and convenient. Pea derivatives, such as pea protein, have become increasingly popular as a source of plant-based nutrition in South Korea.
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Target buyers of South Korea 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 country-level data and insights on the South Korea pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pea derivatives market size, by type, 2017-2030 (US$M)
South Korea Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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