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Report Overview
The global pea protein market size reached around USD 2012.87 Million in 2023. The market is estimated to witness robust growth in the coming years, growing at a CAGR of 20.10% in the forecast period of 2024-2032, reaching a value of USD 10464.12 Million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Reportedly, there are about 88 million vegans on a global scale.
- The clean label trend is stimulating processed food manufacturers to include pea protein as a food ingredient.
- The consumption of pea protein is supported by its hypoallergenic nature.
Pea Protein Market Trends
In the expanding food processing sector, pea protein flours, concentrates, and isolates are used in the production of normal- and low-fat sausages. Pea protein can also be used as an additive for emulsions, owing to its water and fat binding, emulsifying, and foam stabilisation properties. It can function as a substitute for eggs in vegan cookies and cakes and allows bakers to increase the protein content in bread.
Manufacturers are boosting their raw material sourcing capabilities by focusing on sustainability, improving raw material quality and traceability along with strengthening their relationship with raw material suppliers. By adopting logistics intelligence, they can further enhance raw material quality and optimise operations.
Pea Protein Market Report Snapshots
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 2012.87 Million in 2023.
The market is projected to grow at a CAGR of 20.10% 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 10464.12 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124