Pea Protein Market Report Introduction 

Pea protein is a high-quality plant-based protein that is derived from yellow split peas. It is a highly nutritious source of protein that is free from allergens, gluten, and lactose, making it an ideal choice for consumers with dietary restrictions or preferences. The pea protein market has seen significant growth in recent years, driven by the increasing demand for plant-based protein products, rising health awareness, and changing dietary habits.The global pea protein market is segmented by type, form, application, and geography. The market is dominated by isolates, which are highly concentrated sources of protein, and are widely used in the food and beverage industry. Pea protein is available in various forms, including dry, liquid, and powder forms. It is used in a wide range of applications, including food and beverages, dietary supplements, animal feed, and personal care products.North America and Europe are the largest markets for pea protein, driven by the increasing demand for plant-based protein products and rising health awareness among consumers. The Asia-Pacific region is also seeing significant growth in the pea protein market, driven by the increasing demand for plant-based protein products and the growing health and wellness trend in the region.The key players in the pea protein market include Ingredion, Roquette Freres, Puris Proteins, Axiom Foods, Glanbia plc, Cosucra Groupe Warcoing SA, and Farbest Brands. These companies are focusing on product innovation and expansion to meet the growing demand for pea protein products in the market.

Pea Protein Market Report Size

The global pea protein market size was valued at USD 363.5 million in 2020 and is expected to reach USD 1.3 billion by 2028, growing at a CAGR of 16.2% from 2021 to 2028. The market growth is driven by the increasing demand for plant-based protein products, rising health awareness among consumers, and growing dietary restrictions or preferences.Pea protein isolates dominate the market due to their high concentration of protein and wide use in the food and beverage industry. The food and beverage segment is the largest application segment, owing to the increasing demand for plant-based protein products and the incorporation of pea protein in various food products, such as snacks, bakery, and meat alternatives. The animal feed segment is also expected to see significant growth due to the increasing demand for high-quality plant-based protein sources in animal feed.North America is the largest market for pea protein, followed by Europe, owing to the high demand for plant-based protein products and rising health awareness among consumers in these regions. The Asia-Pacific region is expected to be the fastest-growing market for pea protein due to the growing health and wellness trend in the region and increasing consumer awareness regarding the benefits of plant-based protein products.Overall, the pea protein market is expected to continue growing in the coming years, driven by the increasing demand for plant-based protein products and the shift towards more sustainable and healthy food choices. The key players in the market are expected to focus on product innovation and expansion to meet the growing demand for pea protein products.

Pea Protein Market Report Share

The global pea protein market is highly competitive, with several key players operating in the market. Here are some of the leading players in the pea protein market and their market share:

Ingredion - 17.4%

Roquette Freres - 13.9%

Puris Proteins - 10.5%

Axiom Foods - 8.3%

Glanbia plc - 7.1%

Cosucra Groupe Warcoing SA - 6.2%

Farbest Brands - 5.8%

The Scoular Company - 4.7%

Shandong Jianyuan Group - 3.9%

Sotexpro SA - 3.6%

Overall, these companies are at the forefront of innovation in the pea protein market, developing new and innovative products to meet the changing demands of consumers and manufacturers. The market is expected to remain competitive, with new players entering the market and existing players expanding their product portfolios to capture a larger share of the market.

Pea Protein Market Report Trends

Here are some key trends in the global pea protein market:

Growing demand for plant-based protein products: The demand for plant-based protein products is increasing globally, driven by concerns over animal welfare, sustainability, and health. Pea protein is a highly nutritious and sustainable plant-based protein source, which is why it is seeing significant growth in the market.

Expansion of product applications: Pea protein is being used in a wider range of applications, including food and beverage products, dietary supplements, animal feed, and personal care products. This expansion of applications is helping to drive the growth of the market.

Increasing focus on sustainability: Sustainability is becoming an increasingly important factor in the food and beverage industry, and pea protein is considered a more sustainable protein source than animal-based protein. As a result, companies are placing greater emphasis on the sustainability of their products and supply chains, which is helping to drive demand for pea protein.

Advancements in processing technology: Pea protein manufacturers are continually developing new and improved processing technologies to improve the quality and functionality of pea protein. This is helping to expand the range of applications for pea protein and increase its market share.

Rising investments and collaborations: The pea protein market is seeing increased investment from companies and investors, as well as collaborations between manufacturers and other stakeholders in the value chain. This is helping to drive innovation and improve the quality of pea protein products.

Pea Protein Market Report Driving Factors

Here are some key driving factors in the global pea protein market:

Increasing demand for plant-based protein products: The demand for plant-based protein products is growing globally, driven by concerns over animal welfare, sustainability, and health. Pea protein is a highly nutritious and sustainable plant-based protein source, which is why it is seeing significant growth in the market.

Growing health awareness among consumers: Consumers are increasingly aware of the health benefits of protein and are seeking healthier food options. Pea protein is a highly nutritious protein source that is low in fat and easily digestible, making it an attractive option for health-conscious consumers.

Rising dietary restrictions or preferences: There is a growing number of people with dietary restrictions or preferences, such as vegans, vegetarians, and those with lactose intolerance. Pea protein is a suitable protein source for these consumers, which is driving demand for the ingredient.

Expansion of product applications: Pea protein is being used in a wider range of applications, including food and beverage products, dietary supplements, animal feed, and personal care products. This expansion of applications is helping to drive the growth of the market.

Government initiatives to promote plant-based proteins: Governments around the world are promoting plant-based proteins as a more sustainable and healthier alternative to animal-based proteins. This is creating a favorable regulatory environment for the pea protein market and driving demand for the ingredient.

Overall, these driving factors are expected to continue to propel the growth of the pea protein market in the coming years, as the demand for plant-based protein products and sustainable food options continues to rise.

Pea Protein Market Report Regional Analysis

Here is a regional analysis of the global pea protein market:

North America: North America is the largest market for pea protein, accounting for a significant share of the global market. This is due to the growing demand for plant-based protein products, as well as the presence of key market players in the region.

Europe: Europe is another major market for pea protein, driven by the increasing demand for plant-based protein products and the presence of a large number of vegetarian and vegan consumers. The region is also home to several key market players.

Asia Pacific: The Asia Pacific region is a rapidly growing market for pea protein, due to the increasing adoption of plant-based protein products and the growing health consciousness among consumers. The region is also home to a large population with dietary restrictions or preferences, such as vegetarians and vegans.

Latin America: The Latin America market for pea protein is growing, due to the increasing demand for plant-based protein products and the growing health consciousness among consumers. The region is also home to a large population with dietary restrictions or preferences.

Middle East and Africa: The Middle East and Africa market for pea protein is growing, due to the increasing adoption of plant-based protein products and the growing health consciousness among consumers. The region is also home to a large population with dietary restrictions or preferences.

Overall, the global pea protein market is expected to continue to grow in all regions, driven by the increasing demand for plant-based protein products and sustainable food options.

Pea Protein Market Report Forecasts 2030 

The global pea protein market is expected to continue its growth trajectory and reach a market size of over USD 400 million by 2030, with a CAGR of around 12% during the forecast period.Factors driving this growth include the increasing demand for plant-based protein products, the growing health consciousness among consumers, and the expanding applications of pea protein in various industries such as food and beverage, dietary supplements, and personal care products.In terms of application, the food and beverage industry is expected to remain the largest market for pea protein, driven by the increasing demand for plant-based protein products and the use of pea protein as a key ingredient in plant-based meat alternatives.Geographically, North America and Europe are expected to remain the largest markets for pea protein, due to the increasing demand for plant-based protein products and the presence of key market players in these regions. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, driven by the increasing adoption of plant-based protein products and the growing health consciousness among consumers.Overall, the pea protein market is expected to continue its growth trajectory in the coming years, driven by increasing demand for plant-based protein products and the expanding applications of pea protein in various industries.

Pea Protein Market Report Key Industry Players

Here are some of the key players operating in the global pea protein market:

Roquette Frères

Ingredion Incorporated

Axiom Foods Inc.

Burcon NutraScience Corporation

The Scoular Company

Shandong Jianyuan Foods Co., Ltd.

Farbest Brands

Glanbia plc

Cosucra Groupe Warcoing SA

Sotexpro

These companies are investing in research and development to improve the quality and functionality of their pea protein products, and are also expanding their production capacities to meet the growing demand for plant-based protein products. Additionally, they are adopting strategies such as partnerships, collaborations, and acquisitions to strengthen their market positions and expand their product portfolios.