Reports

Global Pea Protein Market to Grow at a CAGR of 19.6% between 2023-2028

Pea Protein Market

Global Pea Protein Market Share, Size, Research: By Type: Isolate, Concentrate, Textured; By Form: Dry, Wet; By Application: Functional Food, Beverages, Sports Nutrition, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Pea Protein Market Outlook

The global pea protein market size reached a value of around USD 1,683.0 million in 2022. The market is expected to witness a robust growth in the coming years, growing at a CAGR of 19.6% in the forecast period of 2023-2028, reaching a value of USD 5,086.9 million by 2028.

 

Pea Protein Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The rising demand for plant-based protein is aiding the pea protein market growth. The global plant-based protein market has been registering a steady growth, with North America occupying a significant position in the global market. The United States is a major market within the region with consumers increasingly seeking meat and dairy alternatives because of environmental and health reasons.

With the rising health consciousness, the applications of pea protein in food and beverage applications owing to its gluten-free, non-GMO, non-allergen, and dairy-free properties are increasing. The excellent nutritional profile of pea protein is also bolstering its utilisation to facilitate weight loss, support heart health, promote kidney functions, balance blood sugar levels, drive physical performance, and increase muscle thickness.

Due to its texture and excellent solubility, pea protein is increasingly used as meat replacers and extenders in beverages, bakery products, sports nutrition, and dietary supplements, among others.

 

Properties and Applications

Pea protein refers to the protein extracted from yellow peas and finds applications as a dairy and meat alternative. It is usually consumed as a substitute for whey protein and has properties similar to casein due to its legumin content. According to types, they can be divided into isolate, concentrate, and textured types. By form, they can be bifurcated into dry and wet. Textured pea protein is widely used in meat alternatives and snack bars. The common application sectors for pea protein are:

 

Pea Protein Market By Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Functional Food and Beverages
  • Sports Nutrition
  • Meat Additives
  • Bakery and Confectionery
  • Others

 

The report also gives an overview of the major regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Market Analysis

The global pea protein market is finding impetus in the rising demand for meat alternatives proteins as people are giving up meat for health, environmental, and animal-rights reasons. The increasing population of people adopting vegan or vegetarian diets is also aiding the market. While veganism is still considered a niche interest, it is expected to witness a healthy growth in the coming years. Major players in the food and beverage industry are also introducing plant-based or vegan alternatives to traditional products, further aiding the global pea protein market. The industry is also being driven by the growing urban population, along with the rising interest among the younger consumers.

The various health benefits of pea protein are acting as a catalyst for the industry growth. It helps improve blood circulation and calcium absorption, along with regulating the blood sugar. It is finding increasing use in the sports nutrition sector as it is a low-calorie protein option, which aids in muscle growth and contributes to weight management. As it is gluten and lactose-free, it is also witnessing a rising demand from consumers who are allergic or sensitive to dairy, eggs, and other products containing gluten. The market is also being driven by consumers switching from soy to pea protein as they are non-GMO products. The rising innovations taking place in the industry is also aiding its growth.

 

Pea Protein Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Competitive Landscape

January 2017- Roquette, a leading food ingredients producer, announced its plans to open a new protein production plant in Portage la Prairie, Manitoba, Canada to meet the rising demand for plant proteins in North America as well as rest of the world.


September 2018- Roquette announced its acquisition of a plant from Texpall B.V. in the Netherlands, which specialises in the extrusion of plant-based proteins, and will help the French company expand its line of premium textured plant-based ingredients like its textured pea proteins to the meet the rising demand for meat alternatives, globally.

 

The report gives a detailed analysis of the following key players in the global pea protein market, covering their market share, capacity, and latest developments like mergers, acquisitions, and investments, plant turnarounds, and expansions of capacity:

 

  • Yantai Shuangta Food co., LTD
  • Shandong Jianyuan Group
  • Roquette Frères S.A.
  • Cosucra Groupe Warcoing SA
  • Burcon NutraScience Corporation
  • Axiom Foods, Inc.
  • Naturz Organics
  • Others

The comprehensive report by EMR gives an in-depth look into the market, looking into the manufacturing process as well as the costs involved. It provides a value chain analysis and assesses the market based on Porter’s Five Forces model. A SWOT analysis has also been provided.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Form, Application, Region
Breakup by Type Isolate, Concentrate, Textured
Breakup by Form Dry, Wet
Breakup by Application Functional Food and Beverages, Sports Nutrition, Meat Additives, Bakery and Confectionery, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Yantai Shuangta Food co., LTD, Shandong Jianyuan Group, Roquette Frères S.A., Cosucra Groupe Warcoing SA, Burcon NutraScience Corporation, Axiom Foods, Inc., Naturz Organics, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Pea Protein Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Pea Protein Historical Market (2018-2022) 
    8.3    Global Pea Protein Market Forecast (2023-2028)
    8.4    Global Pea Protein Market by Type
        8.4.1    Isolate
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Concentrate
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Textured
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Pea Protein Market by Form
        8.5.1    Dry
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Wet
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Pea Protein Market by Application
        8.6.1    Functional Food and Beverages
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Sports Nutrition
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Meat Additives
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Bakery and Confectionery
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global Pea Protein Market by Region     
     8.7.1    North America
         8.7.1.1    Historical Trend (2018-2022) 
         8.7.1.2    Forecast Trend (2023-2028)
     8.7.2    Europe
         8.7.2.1    Historical Trend (2018-2022) 
         8.7.2.2    Forecast Trend (2023-2028)
     8.7.3    Asia Pacific
         8.7.3.1    Historical Trend (2018-2022) 
         8.7.3.2    Forecast Trend (2023-2028)
     8.7.4    Latin America
         8.7.4.1    Historical Trend (2018-2022) 
         8.7.4.2    Forecast Trend (2023-2028)
     8.7.5    Middle East and Africa
         8.7.5.1    Historical Trend (2018-2022) 
         8.7.5.2    Forecast Trend (2023-2028)
9    North America Pea Protein Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Pea Protein  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Pea Protein Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Pea Protein Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Pea Protein Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Yantai Shuangta Food co., LTD
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Shandong Jianyuan Group
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Roquette Frères S.A.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Cosucra Groupe Warcoing SA
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Burcon NutraScience Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Axiom Foods, Inc. 
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Naturz Organics
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Others 
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Pea Protein Market: Key Industry Highlights, 2018 and 2028
2.    Global Pea Protein Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Pea Protein Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Pea Protein Historical Market: Breakup by Form (USD Million), 2018-2022
5.    Global Pea Protein Market Forecast: Breakup by Form (USD Million), 2023-2028
6.    Global Pea Protein Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Pea Protein Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Pea Protein Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Pea Protein Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Pea Protein Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Pea Protein Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Pea Protein Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Pea Protein Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Pea Protein Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Pea Protein Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Pea Protein Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Pea Protein Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Pea Protein Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Pea Protein Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
21.    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
22.    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
23.    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
25.    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
26.    Global Pea Protein Market Structure

Key Questions Answered in the Report

What was the global pea protein market size in 2022?

In 2022, the global pea protein market attained a value of nearly USD 1,683.0 million.

What is the growth rate of the global pea protein market?

The market is projected to grow at a CAGR of 19.6% between 2023 and 2028.

What is the forecast outlook of the global pea protein market for 2023-2038?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 5,086.9 million by 2028.

What are the major market drivers?

The major drivers of the market include the rising demand for plant-based protein, increasing health awareness, the growing awareness regarding the benefits of pea protein, surging demand for pea protein in beverages, and the rising demand for pea protein in developing regions.

What are the key trends of the global pea protein market?

The key market trend guiding the growth of the market include the rising demand for meat alternatives proteins.

What are the major regional markets of pea protein, according to the market report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of pea protein in the market?

Isolate, concentrate, and textured are the leading types of pea protein in the market.

What are the significant forms of the product in the market?

Dry and wet are the significant forms of the product.

What are the major application segments of pea protein in the market?

Functional food and beverages, sports nutrition, meat additives, and bakery and confectionery, among others, are the major application segments of pea protein in the market.

Who are the key market players, according to the report?

The major players in the market are Yantai Shuangta Food co., LTD, Shandong Jianyuan Group, Roquette Frères S.A., Cosucra Groupe Warcoing SA, Burcon NutraScience Corporation, Axiom Foods, Inc., Naturz Organics, among others.

Analyst Review

The global pea protein market attained a value of USD 1,683.0 million in 2022, driven by the rising demand for plant-based protein. Aided by the rising demand from the developing regions, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 19.6%. The pea protein market is projected to reach USD 5,086.9 million by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be segmented into isolate, concentrate, and textured. On the basis of form, the industry is bifurcated into dry and wet. By application, the market is divided into functional food, beverages, sports nutrition, pharmaceuticals, meat additives, bakery and confectionery, and others. The major regional markets for pea proteins are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Yantai Shuangta Food co., LTD, Shandong Jianyuan Group, Roquette Frères S.A., Cosucra Groupe Warcoing SA, Burcon NutraScience Corporation, Axiom Foods, Inc., Naturz Organics, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now
most popular

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER