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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Pea Protein Market Analysis by Region
In North America, pea protein is perceived as a healthy option by consumers across countries like the United States and Canada, due to its familiarity and plant-based and label-friendly nature. This enhances its applications and subsequent demand in diverse applications.
The rising flexitarian population in Asia Pacific countries like Japan, India, and Singapore is likely to surge the demand for pea protein that can mimic the mouthfeel and taste of meat. The wide availability of locally produced pea protein-based products in physical retail stores and e-commerce platforms has aided pea protein market in APAC.
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 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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