Reports
Reports
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.
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.
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:
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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:
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
In 2022, the global pea protein market attained a value of nearly USD 1,683.0 million.
The market is projected to grow at a CAGR of 19.6% between 2023 and 2028.
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.
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.
The key market trend guiding the growth of the market include the rising demand for meat alternatives proteins.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Isolate, concentrate, and textured are the leading types of pea protein in the market.
Dry and wet are the significant forms of the product.
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.
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.
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.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
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.