U.S. Pea Derivatives Market Size & Outlook, 2022-2030
U.S. pea derivatives market, 2017-2030 (US$M)
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U.S. pea derivatives market highlights
- The U.S. pea derivatives market generated a revenue of USD 670.0 million in 2022 and is expected to reach USD 1,718.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.5% 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 670.0 million |
| Market revenue in 2030 | USD 1,718.9 million |
| Growth rate | 12.5% (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, U.S. accounted for 23.4% 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 North America, U.S. pea derivatives market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,718.9 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 65.48% in 2022. Horizon Databook has segmented the U.S. 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 the U.S. have led to changes in lifestyle, which, in turn, have changed food consumption trends. The U.S. has witnessed a significant increase in the per capita consumption of proteins.
The growing awareness regarding the availability and environmental and health benefits of plant-based protein products is expected to positively impact the market growth. The increasing popularity of the flexitarian diet in the U.S.
Diven by concerns about the health impact of red meat consumption, is likely to boost the demand for plant-based proteins like pea protein. As more people look for alternatives to meat-based products, plant-based proteins are becoming increasingly important.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into U.S. pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. pea derivatives market size, by type, 2017-2030 (US$M)
U.S. Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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