The Pea Protein Market size was valued at USD 592.95 Mn. in 2023 and the total Global Pea Protein Market revenue is expected to grow at a CAGR of 12.02% from 2024 to 2030, reaching nearly USD 1312.46 Mn. by 2030.
Pea Protein Market Overview
The pea protein market is experiencing significant growth due to rising consumer demand for plant-based and protein-rich foods. Known for its high nutritional value and sustainability, pea protein is increasingly used in various applications, including dietary supplements, food and beverages, and animal feed. Its benefits, such as being allergen-free and easily digestible, make it a preferred choice over other plant-based proteins. With an increasing shift towards veganism and health-conscious lifestyles, the market is seeing rapid adoption across diverse industries, making pea protein an important ingredient in modern nutrition.
Market Forecast and Key Dynamics:
The market for pea protein is projected to expand robustly in the coming years, driven by key factors like growing consumer awareness about plant-based diets and increased demand for sustainable food sources. The rise in fitness trends and preference for clean-label products are encouraging manufacturers to innovate and introduce new pea protein-based products. However, challenges such as high production costs and fluctuating raw material availability could impact market growth. As production processes become more efficient and economies of scale are achieved, the market is expected to witness continuous expansion.
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Pea Protein Market Regional Insights
Regionally, North America and Europe are leading the pea protein market due to the widespread adoption of plant-based diets and the presence of well-established manufacturers. The Asia-Pacific region is also emerging as a significant market, fueled by a growing awareness of nutrition and increasing vegan population. Latin America and the Middle East are showing steady growth, driven by rising consumer interest in health and wellness. As regional preferences and regulations vary, companies are focusing on localizing product offerings to cater to the specific needs and dietary trends of each market.
Pea Protein Market Segmentation
By Product
Includes isolates
concentrates
textured
hydrolysates
By Form
Dry
wet
By Source
Yellow split peas
chickpeas
lentils
By Application
Food
meat substitutes
performance nutrition
functional foods
snacks
bakery products
confections
other food applications
beverages
other applications
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Pea Protein Market Key Players
Roquette Frères (France)
Cargill, Incorporated (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion Incorporated (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co, Ltd (China)
The Scoular Company (US)
Burcon Nutrascience Corp (Canada)
Shandong Jianyuan Group (China)
DuPont
Puris Protein Llc
Fenchem Inc.
Dupont
Axiom Foods Inc
Burcon Nutrascience Corp
ET-Chem (China)
AGT Foods and Ingredients (Canada)
The Green Labs LLC (US)
Martin & Pleasance
Key questions answered in the Pea Protein Market are:
- What is Pea Protein?
- What was the Pea Protein market size in 2021?
- What is the growth rate of the Pea Protein Market?
- Which are the factors expected to drive the Pea Protein market growth?
- What are the different segments of the Pea Protein Market?
- What growth strategies are the players considering to increase their presence in Pea Protein?
- What are the upcoming industry applications and trends for the Pea Protein Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Pea Protein Market?
- What segments are covered in the Pea Protein Market?
- Who are the leading companies and what are their portfolios in Pea Protein Market?
- What segments are covered in the Pea Protein Market?
- Who are the key players in the Pea Protein market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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