21-May-2024 | Facts and Factors
Findings from Facts and Factors report “Pea Protein Market Size, Share, Growth Analysis Report By Type (Textured, Concentrates, Isolates, and Hydrolysates), By Form (Dry and Liquid), By Source (Yellow Split Peas, and Others), By Application (Food & Beverages, Animal Feed, Personal Care & Cosmetics, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032” states that the global Pea Protein Market in 2023 was approximately USD 2278.54 Million. The market is expected to grow at a CAGR of 12.5% and is anticipated to reach around USD 6577.42 Million by 2032.
Pea Protein is extracted from yellow or green peas and used in protein-enriched foods and protein supplements. The presence of essential amino acids in the pea protein helps improve blood circulation, calcium absorption, weight management, maintain healthy muscle, improve metabolism, and also regulate blood sugar levels. These properties of pea protein are likely to help surge its sales in the coming years. The lactose-free and 100% vegan nature makes it safe for dairy product sensitive individuals.
Browse the full “Pea Protein Market Size, Share, Growth Analysis Report By Type (Textured, Concentrates, Isolates, and Hydrolysates), By Form (Dry and Liquid), By Source (Yellow Split Peas, and Others), By Application (Food & Beverages, Animal Feed, Personal Care & Cosmetics, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032" report at https://www.fnfresearch.com/pea-protein-market
Market Drivers:
The Pea Protein market is found to experience significant growth owing to the increasing use of bakery goods, dietary supplements, and beverages that are anticipated to drive the market. The rising demand for an alternative for meat and the growing concerns of lactose intolerance among grown-up has increased the demand for gluten-free products, thereby fuelling the growth of the Pea Proteins market.
Additionally, the surging awareness concerning nutrition amelioration and inclination of people toward vegetarian foods is expected to drive the global Pea Protein market. The increasing expenditure on convenience food products, the importance of a flexitarian diet likely plays a crucial role in enhancing the product demand.
Market Segment Dominance:
The isolate category is projected to dominate the global Pea Protein market owing to its increasing use in enhancing the performance of nutrition products, cereals, confectioneries, and plant-based dairy & meat products.
·Meat substitutes category is anticipated to hold the largest share in the global Pea Protein market
The rising demand for meat substitutes, low processing costs, and easy storage have increased pea proteins’ acceptance in the plant-based meat market, thereby enhancing the market growth.
- The dry category is expected to dominate the market
The dry category is expected to lead the global Pea Protein market owing to its rising use for various applications. In addition, its properties such as sustainability and improved functionality supplement the Pea Protein market expansion during the forecast period.
Regional Dominance:
Europe is expected to lead the global Pea Protein market due to factors such as high production & consumption of plant-based products and high raw material costs. In addition, the rising awareness regarding the benefits of pea protein and manufacturers complying with standards introduced by the EU regarding non-GMO products is likely to boost the expansion of the pea protein market in Europe.
Recent Developments:
- In June 2023, Cosucra announced a significant funding boost, securing a 45 million Euros investment from Wallonie Entreprendre, Sofiprotéol, and the SFPIM (Société Fédérale de Participations et d’Investissement). This financial infusion is earmarked to support the company's strategy for energy transition and to notably enhance its production capabilities.
- In May 2023, Burcon NutraScience expanded its protein development and innovation operations. The company now offers services like pilot plant processing and scale-up validation to its partners, utilizing a 10,000 sq. ft technical center in Winnipeg. This facility is equipped with sophisticated commercial processing equipment, designed to streamline complete product development.
- In March 2023, Nepra Foods entered into a strategic manufacturing and distribution partnership with Scoular to create specialized plant-based products. Nepra will utilize its R&D capabilities to forge new products incorporating specialty ingredients from both firms, while Scoular will use its extensive supply chain network to enhance the distribution of Nepra's innovations.In January 2023, Roquette Frères S.A invested in DAIZ, a cutting-edge Japanese food tech startup. This collaboration is set to cater to the increasing global demand for innovative, sustainable plant-based ingredients that do not compromise on taste or nutritional quality.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 2,278.54 Million |
Projected Market Size in 2032 |
USD 6,577.42 Million |
CAGR Growth Rate |
12.5% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
AGT Foods, Axiom Foods Inc., Batory Foods., Burcon Nutrascience, Cosucra Groupe Warcoing SA, DuPont, Emsland Group, Fenchem Inc., Glanbia PLC, Ingredion Inc., Kerry Inc., Martin & Pleasance, Nutri-Pea, Puris Foods, Roquette Freres, Shandong Jianyuan Group, Sotexpro SA, The Green Labs LLC, The Scoular Company, Yantai Shuangta Food Co. Ltd., and Others. |
Key Segment |
By Type, By Form, By Source, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Market Players:
Some of the key players of the global Pea Protein market include AGT Foods, Axiom Foods, Inc., Batory Foods., Burcon Nutrascience, Cosucra Groupe Warcoing SA, DuPont, Emsland Group, Fenchem, Inc., Glanbia PLC, Ingredion, Inc., Kerry Inc., Martin & Pleasance, Nutri-Pea, Puris Foods, Roquette Freres, Shandong Jianyuan Group, Sotexpro SA, The Green Labs LLC, The Scoular Company, Yantai Shuangta Food Co. Ltd., and others.
This report segments the global Pea Protein market as follows:
By Type
- Textured
- Concentrates
- Isolates
- Hydrolysates
By Form
By Source
- Yellow Split Peas
- Others (green peas, chickpeas, lentils)
By Application
- Food & Beverages
- Dietary Supplements
- Bakery & Confectionery Goods
- Meat Products
- Others
- Animal Feed
- Personal Care & Cosmetics
- Others
Global Pea Protein Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450
Email: [email protected]
Web: https://www.fnfresearch.com
