Netherlands: Tight supply of protein from peas due to disappointing harvest

Published 2021년 9월 29일

Tridge summary

Canada, the world's largest pea producer, is experiencing a severe drought, leading to a 45% decrease in pea production compared to average years. Meanwhile, in France, the harvest is lower due to wet weather, contributing to a surge in the price of pea protein for processing. This comes as demand for pea protein, a popular plant-based alternative to meat and dairy, continues to rise. Major companies like PepsiCo, Nestlé, and Archer Daniels Midland are responding to this trend, and research firm Grand View Reserach anticipates the pea protein market will grow by 12% annually on average in the future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Posted: 29/09/2021 Save as favorite Canada, the largest producer of peas in the world, is facing severe drought this year. As a result, the production of peas is about 45% lower than in an average year. The harvest in France is also lower than usual due to wet weather conditions this summer. As a result, the price of pea protein for processing in various vegetable foods has risen sharply. There is a lot of demand for protein from peas worldwide. Consumers are looking for plant-based alternatives to meat and dairy and large concerns such as PepsiCo, Nestlé and Archer Daniels Midland are ...

Source: Agri Holland