Dublin, June 01, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Organic Pea Protein Market by Type, Application, Form & by Region - Global Trends & Forecast to 2021" report to their offering.

Axiom Foods, Inc. is one the major players in the organic pea protein market.

The global market for organic pea protein has grown exponentially in the last few years. In terms of value, the market is projected to reach USD 18.5 Million by 2021, at a CAGR of around 12.0% from 2016 to 2021. Factors such as increasing demand for organic products, rising vegan population, government support for organic farming, and high nutritional profile of peas drives the organic pea protein market.

The organic pea protein market, based on type, is segmented into isolates, concentrates, textured. The isolates segment accounted for the largest market share in 2015. The concentrates segment is projected to grow at the highest CAGR during forecast period as they are significantly replacing protein from other sources.

The organic pea protein market, based on application, is segmented into nutritional supplements, beverages, meat extenders and analogs, snacks & bakery products, and others (infant formula, soups, and pastas). The nutritional supplements segment is projected to grow at the highest CAGR from 2016 to 2021, followed the by beverages segment. The high nutritional profile of peas as well as its allergen-free and GMO-free characteristics drives the market for organic pea protein in a wide range of food & beverage applications.

The organic pea protein market, based on form, is segmented into dry and liquid. Dry form is the most preferred in the global market due to due to its easy incorporation into nutritional supplements, meat extenders & analogs, and snacks & bakery products among other food products. It captured the largest market share in 2015 and is projected to grow at the highest CAGR from 2016 to 2021.

The organic pea protein market was dominated by North America in 2015. Europe is projected to be the fastest-growing market from 2016 to 2021. Economic growth and the shift of the preferences of the consumers towards value added food led to the market growth. In the European region, countries such as Germany, the U.K., France, and Italy have shown increment in the consumption rate of organic products which has in turn increased the demand for organic pea protein.

The raw material required for manufacturing organic pea protein is mainly organic pea; however, the cost of processing is increasing steadily which acts as a restraint for this market. Low consumer awareness about the health benefits and nutritional profile of organic pea protein as compared to other plant proteins such as soy protein is also a key restraint for the organic pea protein market,

The market is dominated by players such as

- AIDP, Incorporated
- Axiom Foods, Inc.
- Bioway (Xian) Organic Ingredients Co., Ltd.
- Farbest Brands
- Phyto-Therapy Pty Ltd
- Shaanxi Fuheng (Fh) Biotechnology Co., Ltd
- The Green Labs LLC
- The Scoular Company
- World Food Processing, L.L.C
- Zelang Group

For more information visit http://www.researchandmarkets.com/research/c42dx5/organic_pea

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