Global Pea Protein Isolate Market Size Likely to Expand at a CAGR of 10.8% By 2033

As per the current market research conducted by the CMI Team, the global Pea Protein Isolate Market size is expected to record a CAGR of 10.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 2,677.1 Million. By 2033, the valuation is anticipated to reach USD 6,737.7 Million.

Pea Protein Isolate Market: Growth Factors and Dynamics

• Increasing Demand for Plant-Based Protein Sources: The growing awareness about health and sustainability, coupled with the rising prevalence of lifestyle-related diseases, has led to an increasing shift towards plant-based diets. Pea protein isolate, being a high-quality plant-based protein, has witnessed significant demand due to its nutritional profile and functional properties.

• Expansion of Vegan and Vegetarian Population: The expanding vegan and vegetarian population worldwide has been a major driver for the pea protein isolate market. As these dietary preferences become more mainstream, there is a rising demand for plant-based protein alternatives, including pea protein isolate, across various food and beverage applications.

• Rising Preference for Clean Label and Natural Ingredients: Consumers are becoming more conscious about the ingredients in their food products, preferring clean label and natural options. Pea protein isolate, being derived from yellow peas and minimally processed, aligns well with these preferences, driving its adoption in food and beverage formulations.

• Growing Applications in Sports Nutrition and Dietary Supplements: Pea protein isolate is gaining traction in the sports nutrition and dietary supplements segment due to its high protein content, amino acid profile, and digestibility. It is increasingly being used in protein powders, bars, shakes, and other sports nutrition products, catering to the needs of athletes and fitness enthusiasts.

• Technological Advancements in Extraction and Processing: Advances in extraction and processing technologies have improved the quality and functionality of pea protein isolate, making it more versatile for use in various food and beverage applications. These technological advancements have also helped in reducing production costs, making pea protein isolate more competitive compared to other protein sources.

• Expanding Product Offerings and Market Penetration: Key players in the food and beverage industry are continuously expanding their product offerings by incorporating pea protein isolate into a wide range of food and beverage products. This increased product availability and market penetration are driving the overall growth of the pea protein isolate market, further fueled by strategic marketing initiatives and collaborations within the industry.

Pea Protein Isolate Market: Partnership and Acquisitions

• In 2023, Roquette made a notable investment in the Japanese food tech startup, DAIZ Inc., known for enhancing plant-based food products’ flavor, texture, and nutritional value. DAIZ’s Ochiai Germination Method JP-5795679, initially for soy, has extended to pea protein, signaling advancements in plant-based food innovation.

• In 2023, Burcon NutraScience is expanding its protein development and innovation business, offering services like pilot plant processing and scale-up validation to customers and partners. Their Winnipeg Technical Centre, with 10,000 sq. ft of space, utilizes advanced processing equipment for comprehensive product development.

• In 2022, Ingredion Incorporated formed an exclusive commercial distribution partnership with InnovoPro, a leading chickpea solutions company. This collaboration aims to distribute chickpea protein concentrate in the US and Canada, supporting food and beverage manufacturers in meeting growing consumer demand for sustainable, nutritious plant-based products.

Report Scope

Pea Protein Isolate Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Pea Protein Isolate Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chains: The global pandemic caused disruptions in supply chains worldwide, affecting the sourcing and transportation of raw materials for pea protein isolate production. This led to temporary shortaisolates fluctuations in prices, impacting the availability of pea protein isolate for manufacturers.

• Shift in Consumer Spending Habits: During the pandemic, there was a shift in consumer spending habits, with a greater focus on essential items and a decrease in discretionary spending. This affected the demand for premium food and beverage products, including those containing pea protein isolate, as consumers prioritized necessities over specialty items.

• Diversification of Supply Chains: To mitigate the risks associated with supply chain disruptions, manufacturers are diversifying their supply chains by sourcing raw materials from multiple regions and establishing alternative distribution channels. This enhances resilience and ensures a steady supply of pea protein isolate, even during unforeseen circumstances.

• Investment in Research and Development: Companies are investing in research and development to innovate new product formulations and applications for pea protein isolate. This includes developing products tailored to emerging consumer trends, such as plant-based meat alternatives, functional foods, and beverages, thereby expanding the market opportunities for pea protein isolate.

• Focus on E-commerce and Direct-to-Consumer Channels: With the rise of e-commerce and online shopping platforms during the pandemic, companies are increasingly leveraging digital channels to reach consumers directly. This includes selling pea protein isolate products through online retail platforms, subscription services, and direct-to-consumer channels, thereby reducing reliance on traditional brick-and-mortar retail outlets.

• Strategic Partnerships and Collaborations: Collaborations between pea protein isolate manufacturers, food and beverage companies, and research institutions can accelerate product innovation and market expansion efforts. By forming strategic partnerships, companies can access new markets, share resources, and leverage each other’s expertise to drive growth in the post-pandemic landscape.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Pea Protein Isolate Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Pea Protein Isolate Market:

• Roquette Frères
• The Scoular Company
• Axiom Foods Inc.
• Cosucra Groupe Warcoing SA
• Ingredion Incorporated
• Puris
• Nutri-Pea Limited
• Farbest Brands
• Sotexpro
• AGT Foods
• Fenchem Biotek Ltd.
• Burcon NutraScience Corporation
• Glanbia plc
• Yantai Shuangta Food Co. Ltd.
• Emsland Group
• Others

The Pea Protein Isolate Market is segmented as follows:

By Application

• Dietary Supplements
• Sports Nutrition
• Bakery & Confectionery
• Beverages
• Meat Substitutes
• Others

By Form

• Powder
• Liquid

By Source

• Organic
• Conventional

By End-Use Industry

• Food & Beverage Industry
• Nutraceutical Industry
• Cosmetics & Personal Care Industry
• Animal Feed Industry
• Others

By Sales Channel

• Offline
• Online

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America