Pea Protein Market By Product Type (Isolates, Concentrate, Textured), By Application (Dietary Supplements, Beverages, Meat Substitutes, Baked Goods, Others), By Form (Dry, Liquid), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024 - 2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Sotexpro SA
- Roquette Freres
- Warcoing SA
- Puris Protein LLC
- Others
Reports Description
As per our research on the Global Pea Protein Market, the market was estimated at around USD 2.3 billion in 2021 and is projected to witness a CAGR of 13% during 2022-2030, to reach around USD 6.8 billion by 2030.
The report examines the Pea Protein market’s drivers and restraints, as well as their impact analysis. Also, the report mentions global opportunities prevailing in the Pea Protein market.
Pea Protein Market: Overview
Pea Protein is a plant-based protein that is gaining high attraction among the young population. This protein is derived from yellow peas. It is commonly added to shakes and smoothies as a health supplement. This protein is attaining high consumption among the vegan population. Pea Protein is a rich source of protein and iron and helps improve metabolism and maintain blood sugar levels.
Pea Protein Market: COVID–19 Impact Analysis
The COVID-19 pandemic impacted the Pea Protein market, as the virus spread resulted in affecting the overall food & beverage industry. The implementation of lockdowns in international markets in 2020 significantly impacted the sales of several big-box retailers.
Sales declined over a short period. Although the market for online food and grocery purchases witnessed growth in the mid of 2020, these sales swiftly rebounded. Additionally, governments worldwide worked to maintain food security in their nations and regions, keeping the food sector industries operational. With the revocation of lockdown and trade barriers, the market is gradually noticing growth and is anticipated to exhibit constant growth during the projected period.
Pea Protein Market: Growth Drivers
Rising awareness regarding the health benefits of Pea Proteins
Globally, the eating habits of consumers have drastically changed. Pea Protein has become more widely used since a sizable percentage of the population is increasingly choosing non-meat and non-animal origin items, including milk or milk-based products. The transformation is being driven by consumer health consciousness as well as health issues, including lactose intolerance and animal allergies. Customers have started to prefer plant-based proteins that are devoid of toxins. With the rise in the vegan population, the demand for Pea Protein is anticipated to increase during the coming years.
Innovative ideas and improvements in Pea Protein supplements
The ingredients are optimized in every stage of production by food technology firms. Companies are attempting to increase the number of proteins being extracted from raw materials in order to include a high amount of protein content. Further, they are working to improve the nutritional value and add flavors to the products.
Pea Protein Market: Restraining Factors
Cost incompetence of raw material
The crops were adversely affected by the heavy rainfall in France during the harvest season, which had a massive effect on pea production in Europe. Pea Protein manufacturers are facing a massive challenge due to a shortage in supply. The agriculture sector is already facing a constraint due to climatic changes, which are adversely affecting the distribution worldwide. The yields of desired crops inevitably shrink as temperatures rise. Pea prices have increased due to decreased production and bottlenecks connected to COVIDimports. Pulses, among the most affordable protein sources, have seen a little increase in price since last year.
The demand for peas is gradually increasing and entering the market in various forms, especially with the advent of numerous new plant-based food products. According to calculations, the sharp rise in prices will certainly result in customer cost transfer. Consequently, the market’s ability to grow is constrained by an uncertain supply of raw materials and rising prices.
Pea Protein Market: Segmentation Analysis
In our research scope, the Pea Protein market is segmented into type, application, and form. Based on form, the dry segment is estimated to hold the largest share of the Pea Protein market in 2021. The growth of the liquid Pea Protein market is being driven by the increasing adoption of liquid protein. The segment’s growth is also being facilitated by the rising consumption of sports drinks and other nutritional beverages in developed countries like Germany, France, and the UK.
Based on application, in 2021, the market for dietary supplements held the dominant market share, in the global Pea Protein market. Pea Protein is added to a variety of food products, such as nutritious syrups, tablets, energy powders, cereal bars, and soups, owing to its health.
muscle development is expected to increase demand for sports nutrition products, which will help the segment flourish. In terms of market share revenue, the bakery goods category is projected to be the second-dominant segment in this market. Furthermore, it is anticipated that during the course of the study, the meat alternatives market will expand at a profitable rate.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.3 Billion |
| Projected Market Size in 2030 | USD 6.8 Billion |
| CAGR Growth Rate | 13% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Sotexpro SA, Roquette Freres, Warcoing SA, Puris Protein LLC, Ingredion Inc., Axiom Foods Inc., The Scoular Company, Cosucra Groupe, Nutri-Pea Limited, Cargill Inc., Kerry Inc., Growing Naturals LLC , Avebe, A&B Ingredients, Glanbia plc, and Others |
| Key Segment | By Product Type, Application, Form, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Pea Protein market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030).
- In terms of revenue, the Pea Protein market size was valued at around USD 2.3 billion in 2021 and is projected to reach USD 6.8 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Pea Protein market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the major market drivers, challenges, and opportunities, as well as their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Recent Development
- July 2022: Equinom and Peterson Farms Seed collaborated to grow the next-generation yellow pea for products with ultra-high protein levels.
Regional Landscape
During the projected period, Europe is anticipated to dominate the global Pea Protein market. The growth is attributed to factors including increased production and consumption of plant-based goods and high raw material costs. Additionally, the growth of the Pea Protein market in Europe is projected to be supported by manufacturers adhering to criteria set by the EU regarding non-GMO goods and growing consumer knowledge concerning the benefits of Pea Protein.
Competitive Landscape
Players are concentrating on expanding their line of products to meet the growing demand for Pea Protein. Key firms are being encouraged to diversify their portfolios by the market’s rising demand for foods with plant-based protein.
2020: Ingredion unveiled its Pea Protein isolate, VITESSENCE Pulse 1803. The newly launched Pea Protein facilitates food and beverage manufacturers across the EMEA region to fulfill increasing consumer demand for plant-based high-protein products.
The global Pea Protein market is segmented as follows:
By Product Type
- Isolates
- Concentrate
- Textured
By Application
- Dietary Supplements
- Beverages
- Meat Substitutes
- Baked Goods
- Others
By Form
- Dry
- Liquid
By Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Pea Protein Market, (2022 – 2030) (USD Billion)
- 2.2 Global Pea Protein Market: snapshot
- Chapter 3. Global Pea Protein Market – Industry Analysis
- 3.1 Pea Protein Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising awareness regarding the health
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By Form
- Chapter 4. Global Pea Protein Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Pea Protein Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Pea Protein Market – Product Type Analysis
- 5.1 Global Pea Protein Market overview: By Product Type
- 5.1.1 Global Pea Protein Market share, By Product Type, 2021 and 2030
- 5.2 Isolates
- 5.2.1 Global Pea Protein Market by Isolates, 2022 – 2030 (USD Billion)
- 5.3 Concentrate
- 5.3.1 Global Pea Protein Market by Concentrate, 2022 – 2030 (USD Billion)
- 5.4 Textured
- 5.4.1 Global Pea Protein Market by Textured, 2022 – 2030 (USD Billion)
- 5.1 Global Pea Protein Market overview: By Product Type
- Chapter 6. Global Pea Protein Market – Application Analysis
- 6.1 Global Pea Protein Market overview: By Application
- 6.1.1 Global Pea Protein Market share, By Application, 2021 and 2030
- 6.2 Dietary Supplements
- 6.2.1 Global Pea Protein Market by Dietary Supplements, 2022 – 2030 (USD Billion)
- 6.3 Beverages
- 6.3.1 Global Pea Protein Market by Beverages, 2022 – 2030 (USD Billion)
- 6.4 Meat Substitutes
- 6.4.1 Global Pea Protein Market by Meat Substitutes, 2022 – 2030 (USD Billion)
- 6.5 Baked Goods
- 6.5.1 Global Pea Protein Market by Baked Goods, 2022 – 2030 (USD Billion)
- 6.6 Others
- 6.6.1 Global Pea Protein Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Pea Protein Market overview: By Application
- Chapter 7. Global Pea Protein Market – Form Analysis
- 7.1 Global Pea Protein Market overview: By Form
- 7.1.1 Global Pea Protein Market share, By Form, 2021 and 2030
- 7.2 Dry
- 7.2.1 Global Pea Protein Market by Dry, 2022 – 2030 (USD Billion)
- 7.3 Liquid
- 7.3.1 Global Pea Protein Market by Liquid, 2022 – 2030 (USD Billion)
- 7.1 Global Pea Protein Market overview: By Form
- Chapter 8. Pea Protein Industry – Regional Analysis
- 8.1 Global Pea Protein Industry Regional Overview
- 8.2 Global Pea Protein Industry Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Pea Protein Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Pea Protein Industry, by Product Type, 2022 – 2030
- 8.4.1 North America Pea Protein Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 North America Pea Protein Industry, by Application, 2022 – 2030
- 8.5.1 North America Pea Protein Industry, by Application, 2022 – 2030 (USD Billion)
- 8.6 North America Pea Protein Industry, by Form, 2022 – 2030
- 8.6.1 North America Pea Protein Industry, by Form, 2022 – 2030 (USD Billion)
- 8.4. Europe
- 8.4.2 Europe Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4.2.1 Europe Pea Protein Industry, by Country, 2022 – 2030 (USD Billion)
- 8.4.2 Europe Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4 Europe Pea Protein Industry, by Product Type, 2022 – 2030
- 8.4.1 Europe Pea Protein Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 Europe Pea Protein Industry, by Application, 2022 – 2030
- 8.5.1 Europe Pea Protein Industry, by Application, 2022 – 2030 (USD Billion)
- 8.6 Europe Pea Protein Industry, by Form, 2022 – 2030
- 8.6.1 Europe Pea Protein Industry, by Form, 2022 – 2030 (USD Billion)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.5.3.1 Asia Pacific Pea Protein Industry, by Country, 2022 – 2030 (USD Billion)
- 8.5.3 Asia Pacific Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4 Asia Pacific Pea Protein Industry, by Product Type, 2022 – 2030
- 8.4.1 Asia Pacific Pea Protein Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 Asia Pacific Pea Protein Industry, by Application, 2022 – 2030
- 8.5.1 Asia Pacific Pea Protein Industry, by Application, 2022 – 2030 (USD Billion)
- 8.6 Asia Pacific Pea Protein Industry, by Form, 2022 – 2030
- 8.6.1 Asia Pacific Pea Protein Industry, by Form, 2022 – 2030 (USD Billion)
- 8.6. Latin America
- 8.6.4 Latin America Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.6.4.1 Latin America Pea Protein Industry, by Country, 2022 – 2030 (USD Billion)
- 8.6.4 Latin America Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4 Latin America Pea Protein Industry, by Product Type, 2022 – 2030
- 8.4.1 Latin America Pea Protein Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 Latin America Pea Protein Industry, by Application, 2022 – 2030
- 8.5.1 Latin America Pea Protein Industry, by Application, 2022 – 2030 (USD Billion)
- 8.6 Latin America Pea Protein Industry, by Form, 2022 – 2030
- 8.6.1 Latin America Pea Protein Industry, by Form, 2022 – 2030 (USD Billion)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.7.5.1 The Middle-East and Africa Pea Protein Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.5 The Middle-East and Africa Pea Protein Industry, 2022 – 2030 (USD Billion)
- 8.4 The Middle-East and Africa Pea Protein Industry, by Product Type, 2022 – 2030
- 8.4.1 The Middle-East and Africa Pea Protein Industry, by Product Type, 2022 – 2030 (USD Billion)
- 8.5 The Middle-East and Africa Pea Protein Industry, by Application, 2022 – 2030
- 8.5.1 The Middle-East and Africa Pea Protein Industry, by Application, 2022 – 2030 (USD Billion)
- 8.6 The Middle-East and Africa Pea Protein Industry, by Form, 2022 – 2030
- 8.6.1 The Middle-East and Africa Pea Protein Industry, by Form, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Sotexpro SA
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Roquette Freres
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Warcoing SA
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Puris Protein LLC
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Ingredion Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Axiom Foods Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 The Scoular Company
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Cosucra Groupe
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Nutri-Pea Limited
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Cargill Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Kerry Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Growing Naturals LLC
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Avebe
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 A&B Ingredients
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Glanbia plc
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.1 Sotexpro SA
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Europe” region will lead the global Pea Protein market during the forecast period 2022 to 2030.
The ingredients are optimized in every stage of production by the food technology firms. Companies are attempting to increase the number of proteins being extracted from raw materials in order to include a high amount of protein content.
The key players operating in the Pea Protein market are Sotexpro SA, Roquette Freres, Warcoing SA, Puris Protein LLC, Ingredion Inc., Axiom Foods Inc., The Scoular Company, Cosucra Groupe, Nutri-Pea Limited, Cargill Inc., Kerry Inc., Growing Naturals LLC, Avebe, A&B Ingredients, Glanbia plc.
The global Pea Protein market is expanding growth with a CAGR of approximately 13% during the forecast period (2022 to 2030).
The global Pea Protein market size was valued at USD 2.3 billion in 2021 and it is projected to reach around USD 6.8 billion by 2030.