Market Overview:
The global pea milk market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about plant-based milk, increasing demand for healthy and nutritious food products, and growing inclination of consumers towards veganism. In terms of type, the sweetened segment is expected to dominate the global pea milk market during the forecast period. This can be attributed to high demand for flavored milk products among consumers. In terms of application, HoReCa is expected to account for a major share in the global pea milk market during the forecast period. This can be attributed to increasing demand for healthy food options among restaurant patrons across regions.
Product Definition:
Pea milk is a vegan, dairy-free alternative to cow's milk. It is made from yellow split peas and has a creamy texture and nutty flavor. Pea milk is high in protein and fiber, and low in saturated fat. It is also lactose-free, making it a good choice for people who are lactose intolerant. Pea milk can be used in place of cow's milk in recipes, or enjoyed as a beverage on its own.
Sweetened:
The global sweetened, it's usage and growth factor in the pea milk market is expected to grow at a significant rate over the forecast period. The primary factors driving this industry are increasing health concerns among consumers regarding dental problems such as cavities and other oral ailments along with growing demand for plant-based dairy products.
Unsweetened:
Unsweetened is a pea milk product that has no added sugar. It is used in various food products such as ice cream, yogurt, and snacks. The demand for the product has been increasing over the past few years owing to changing eating habits of consumers and growing health consciousness. Unsweetened pea milk has low fat content (less than 2%) and contains vitamins, minerals, proteins & amino acids which are beneficial for human body especially bone health & muscle building up process.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The product is gaining popularity as a functional ingredient in cosmetics, personal care products and pet food among other applications due to its high protein content, vitamins and minerals which makes it a healthy product for consumption.
HoReCa (food service) was the second largest application segment that year accounting for 19.5% of total market volume on account of growing consumer preference towards healthier food products including pea milk among other beverages such as coconut water and soy milk among HoReCa restaurants across countries such as U.S.
Regional Analysis:
North America was the largest market, accounting for a share of more than 30.0% in 2017 owing to growing consumer awareness regarding health and fitness along with increasing number of pea milk producers in U.S. The product is an excellent source of protein and essential amino acids as it is produced from yellow peas which are rich in lysine, an important amino acid required by human body for growth and development of muscle tissue.
Asia Pacific is expected to be one of the fastest growing markets at a CAGR exceeding 6% during the forecast period on account that countries like China have started producing it commercially as compared to other countries where only bulk supply was available earlier due to less production capacity as compared to other regions’ This factor will help Asia Pacific gain advantage over North America.
Growth Factors:
- Increasing awareness about the health benefits of pea milk among consumers.
- Rising demand for dairy-free and vegan-friendly products among consumers.
- Growing popularity of plant-based diets among health-conscious consumers.
- increasing number of lactose intolerant people around the world . 5 . rising demand for organic and non-GMO products
Scope Of The Report
Report Attributes
Report Details
Report Title
Pea Milk Market Research Report
By Type
Sweetened, Unsweetened
By Application
HoReCa, Individual Consumers, Gyms and Cafes, Others
By Companies
Sproud, Ripple Foods, Snappea Foods, The Bolthouse Farms, Devon Garden Foods, Qwrkee, Freedom Foods, Vly Foods, Nestle, The Mighty Society
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Pea Milk Market Report Segments:
The global Pea Milk market is segmented on the basis of:
Types
Sweetened, Unsweetened
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HoReCa, Individual Consumers, Gyms and Cafes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sproud
- Ripple Foods
- Snappea Foods
- The Bolthouse Farms
- Devon Garden Foods
- Qwrkee
- Freedom Foods
- Vly Foods
- Nestle
- The Mighty Society
Highlights of The Pea Milk Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sweetened
- Unsweetened
- By Application:
- HoReCa
- Individual Consumers
- Gyms and Cafes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pea Milk Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pea milk is a type of plant-based milk that is made from peas. It is similar to other types of plant-based milks, such as almond milk, but has a slightly different flavor.
Some of the key players operating in the pea milk market are Sproud, Ripple Foods, Snappea Foods, The Bolthouse Farms, Devon Garden Foods, Qwrkee, Freedom Foods, Vly Foods, Nestle, The Mighty Society.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pea Milk Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pea Milk Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pea Milk Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pea Milk Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pea Milk Market Size & Forecast, 2018-2028
4.5.1 Pea Milk Market Size and Y-o-Y Growth
4.5.2 Pea Milk Market Absolute $ Opportunity
Chapter 5 Global Pea Milk Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pea Milk Market Size Forecast by Type
5.2.1 Sweetened
5.2.2 Unsweetened
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pea Milk Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pea Milk Market Size Forecast by Applications
6.2.1 HoReCa
6.2.2 Individual Consumers
6.2.3 Gyms and Cafes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pea Milk Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pea Milk Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pea Milk Analysis and Forecast
9.1 Introduction
9.2 North America Pea Milk Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pea Milk Market Size Forecast by Type
9.6.1 Sweetened
9.6.2 Unsweetened
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pea Milk Market Size Forecast by Applications
9.10.1 HoReCa
9.10.2 Individual Consumers
9.10.3 Gyms and Cafes
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pea Milk Analysis and Forecast
10.1 Introduction
10.2 Europe Pea Milk Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pea Milk Market Size Forecast by Type
10.6.1 Sweetened
10.6.2 Unsweetened
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pea Milk Market Size Forecast by Applications
10.10.1 HoReCa
10.10.2 Individual Consumers
10.10.3 Gyms and Cafes
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pea Milk Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pea Milk Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pea Milk Market Size Forecast by Type
11.6.1 Sweetened
11.6.2 Unsweetened
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pea Milk Market Size Forecast by Applications
11.10.1 HoReCa
11.10.2 Individual Consumers
11.10.3 Gyms and Cafes
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pea Milk Analysis and Forecast
12.1 Introduction
12.2 Latin America Pea Milk Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pea Milk Market Size Forecast by Type
12.6.1 Sweetened
12.6.2 Unsweetened
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pea Milk Market Size Forecast by Applications
12.10.1 HoReCa
12.10.2 Individual Consumers
12.10.3 Gyms and Cafes
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pea Milk Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pea Milk Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pea Milk Market Size Forecast by Type
13.6.1 Sweetened
13.6.2 Unsweetened
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pea Milk Market Size Forecast by Applications
13.10.1 HoReCa
13.10.2 Individual Consumers
13.10.3 Gyms and Cafes
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pea Milk Market: Competitive Dashboard
14.2 Global Pea Milk Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sproud
14.3.2 Ripple Foods
14.3.3 Snappea Foods
14.3.4 The Bolthouse Farms
14.3.5 Devon Garden Foods
14.3.6 Qwrkee
14.3.7 Freedom Foods
14.3.8 Vly Foods
14.3.9 Nestle
14.3.10 The Mighty Society
