Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Pea Protein Market Share

Based on type, isolates account for a significant pea protein market share

Pea protein isolate based products are an excellent choice for people aiming to lose weight and build muscle as they contain high amount of protein and amino acids. In December 2020, Ingredion introduced its first pea protein isolate, which contains at least 80% protein, for use in a variety of products such as nutrition and sports bar, powdered and ready-to-drink beverages, and more. The naturally gluten-free pea protein isolate supports manufacturers of different products to make claims like ‘vegetarian’, ‘vegan’ and ‘high-in-protein’.

 

Textured pea protein is a sustainable alternative to meat. As more and more people join the trend of switching to plant-based diet, the demand for textured pea protein is expected to increase in the coming years.

 

Bakery and confectionery represents the leading application segment in the global pea protein market

Pea protein, a plant-based ingredient available as isolates, concentrates and flour, is widely used by bakers to increase the protein content of breads and other baked goods. The addition of pea protein benefits in water holding, as well as gelation and browning applications, particularly in gluten-free formulations.

 

The rising awareness among consumers is encouraging them to purchase bread and baked goods that include well-recognised, organic and non-GMO proteins, such as pea protein. The clean label trend is compelling food manufacturers to include pea protein as a food ingredient.

 

Pea Protein Market Report Snapshots

Pea Protein Market Size

Pea Protein Market Trends

Pea Protein Market Share

Pea Protein Companies

Pea Protein Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of around USD 2,012.87 million in 2023.

The market is projected to grow at a CAGR of 20.1% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 10,408.25 million by 2032.

The different types are isolate, concentrate, and textured pea protein.

The key regional markets for pea protein are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Pea protein finds application in bakery and confectionery, functional food and beverages, meat additives, and sports nutrition.

The factors driving the market include the increasing inclination towards veganism and clean label foods, the growing food and beverage sector, and increased demand for gluten-free bakery products.

The key players in the market include Yantai Shuangta Food Co., Ltd, Shandong Jianyuan Group, Roquette Frères S.A., COSUCRA Groupe Warcoing S.A., Burcon NutraScience Corporation, Axiom Foods, Inc., and Naturz Organics, among others.

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