Pea Protein Market Size Was Valued at USD 1.12 Billion in 2023 and is Projected to Reach USD 2.18 Billion by 2032, Growing at a CAGR of 7.68% From 2024-2032.
Pea protein, which comes from yellow split peas, has become a notable player in the expanding market for plant-based proteins. This complete protein, which includes all essential amino acids, provides vegetarians, vegans, and those trying to reduce their meat intake with a good option for animal-based complete proteins.
Excellent nutritional value can be found in pea protein. It is a very rich source of protein, which provides the building blocks for tissues, muscles, and enzymes. Pea protein is also low in fat and carbs, which makes it a good option for people watching their weight or adhering to certain dietary guidelines.
The simplest way to conceptualize pea protein is as a high-nutrient protein that is isolated from yellow peas (Pisum sativum). It is made by removing the protein fraction from the peas by the use of processes like as milling, hydration, and drying, which results in a fine, tasteless, and odorless powder.
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Top Key Players Covered In The Pea Protein Market:
- Dupont
- The Scoular Company
- Emsland Group
- Puris Foods
- Rouquette Freres
- Cargill Incorporated
- Fenchem Inc.
- Burcon Nutrascience
- Nutri-Pea Ltd.
- Ingredian Inc.
- Axiom Foods Inc.
- The Green Labs LLC.
- Sotexpro SA
- Shandong Jianyuan Group
- Martin and Pleasance
- Cosucra Group and other major players.
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Drivers of Market Growth:
Rising Consumer Preference for Plant-Based Proteins: The developing inclination towards plant-primarily based diets, pushed through health, moral, and environmental concerns, is fuelling the demand for pea protein.
Increasing Health Consciousness: Consumers are getting greater privy to the blessings of protein consumption for usual fitness and well-being, using the demand for protein-rich merchandise.
Sustainability Concerns: Pea protein production has a decrease environmental impact as compared to animal-primarily based protein assets, making it an appealing alternative for environmentally aware consumers.
Technological Advancements: Continuous studies and improvement efforts are leading to improved pea protein extraction and processing technology, improving its functionality and programs.
Pea Protein Market Segmentation:
By Type
- Isolate
- Concentrate
- And Textured
By Form
- Dry
- Wet
By Source
- Yellow Splits Peas
- Lentils
- Chickpea
By Application
- Nutrition and Health Supplements
- Bakery and Confectionery
- Meat Products and Alternatives
- Cereals and Snacks
- Beverages
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Pea Protein Market:
- In February 2024 -New products that were introduced into the market and the company’s innovations are Roquette Freres which has expanded its NUTRALYS range to include four multifunctional pea protein isolates for application in the production of various plant-based food products to boost taste and texture. The Nov, 2011 four new launches are: 1) NUTRALYS Pea F853M – An isolate 2) NUTRALYS T PEA 700 M – Textured 3) NUTRALYS H 85 – Hydrolysate 4) NUTRALYS Pea 700 FL – Textured.
- In February 2024- Louis Dreyfus, an agriculture processor with its regional base in Netherlands is the latest company to declare their intent to invest in a pea protein manufacturing factory in the North American country. This new plant is expected to come online by the end of 2025 and will give employment to almost 60 individuals.
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