Industry: Food and Beverages
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 296
Report ID: PMRREP28036
The Market for Organic Pea Protein can be expected to expand at a value based CAGR of 6.90% and show an increase in revenue from US$ 11.26 Million to around US$ 21.95 Million by 2033.
|
Organic Pea Protein Market Size (2023E) |
US$ 11.26 Million |
|
Projected Sales of Organic Pea Protein (2033F) |
US$ 21.95 Million |
|
Value CAGR (2023 to 2033) |
6.90% |
|
Value Share of Top 4 Countries (2022E) |
66% |
The Global Organic Pea Protein Market has witnessed significant growth in the historical period registering a CAGR of 5.54% in the historical period and was valued at US$ 11.26 Million in 2023. The market is expected to grow steadily with increasing awareness and benefits about applications of organic pea protein.
Well-planned vegetarian diets are completely healthful and nutritionally adequate for people throughout all stages of life. Plant-based proteins have been associated with a variety of health benefits, including weight management, optimal health, and longevity of life. Research and development can help vegans, vegetarians, and consumers that eat meat understand the benefits of adopting plant-based proteins. Growing awareness among consumers about opting for plant-based proteins, and their increasing application in healthy food products, are factors that are positively influencing the organic pea protein Industry dynamics. The global market for organic pea protein is estimated to reach an approximate valuation of US$ 21.95 Million in the forecast period.
“High Protein Content Makes Organic Pea Protein a Popular Emerging Plant-based Protein”
Organic pea protein has up to 80% protein content, which is powerful a protein punch with lots of flexibility for other ingredients. Highly refined to reduce oligosaccharides, organic pea protein offers improved flavor, mouth feel, and digestive ease. These attributes allow increased protein levels in foods such as high-fiber, high-protein, and low-calorie bread, without changing their flavor. These organic pea proteins are rich in lysine, and their high-quality amino acid balance makes them the perfect complement to wheat protein, while their uncommon allergen status outshines soy and whey protein sources. These factors are responsible for labelling organic pea protein as the most popular emerging plant-based protein in the modern world.
“Surging Demand for Plant-based Ingredients Propelling Growth of Organic Pea Protein Market”
Increasing awareness among consumers about the benefits of opting for organic food is influencing consumers to buy organic ingredients and products. Organic plant-based ingredients are different from conventionally grown plant-based ingredients, as organic plant-based ingredients are either grown under a natural system of agriculture without the use of synthetic fertilizers, or they are processed products made from organically produced raw materials. Organic plant-based ingredients such as organic pea protein are gaining popularity, owing to rising awareness concerning the health benefits of organic food. On the back of these factors, the organic pea protein Industry is expanding substantially across the globe.
“Organic Plant-based Protein– Solution for Future Need for Protein”
Consumers across the globe are increasingly adding plant-based products to their diets. Organic plant-based protein accounts for a small percentage in terms of share in the global market, but it has been increasing significantly since the last few years. Plant-based proteins are also an allergen-free protein ingredient, and this property is increasing its popularity around the world. It is also emerging as an alternative to animal-based proteins. Organic pea protein can build muscle mass and is an ideal source of post workout nutrition for health conscious consumers. Thus, plant-based proteins such as organic pea protein can be marketed as a solution to the future need for healthy and vegan proteins.
“Increasing Application of Organic Pea Protein in Nutraceuticals Driving Market Growth”
Organic pea protein contains a high amount of protein, which has various applications in the nutraceutical industry. This high-protein ingredient is used as a nutraceutical supplement in weight management and healthy food preparations. Changing and hectic lifestyles of consumers have attracted their attention toward healthy ingredients and owing to this, organic vegan products have gained more traction in recent years. The high protein content of organic pea protein has made it a popular ingredient that is used in many nutraceutical supplements by many health-conscious consumers. Thus, increasing application in nutraceuticals is boosting the growth of the global organic pea protein market.
“High Cost of Organic Pea Protein Hampering Sales”
Pricing of organic products is high as compared to conventional products. Consumers consider this factor while purchasing organic products. The price of plant-based protein products is higher than animal-based protein offerings, and organic plant-based proteins cost much higher. Consumer concern about high pricing of organic pea protein is adversely affecting market growth. Organic pea protein is considered as an emerging product in the global market and due to high price, consumers who opt for plant-based products do not opt for organic pea protein. This factor is negatively affecting the market and hindering its growth.
Which Region Dominates the Organic Pea Protein Market?
The Global Market is mainly dominated by two regions, North America and Europe, which together account for more than 70% of the market share. These two are also the largest pea producing regions and the highest number of organic pea protein manufacturers.
What is the Growth Projection of the Market in the Asia Pacific Region?
Asia Pacific is displaying fast increment in growth, attributable to changing lifestyles of consumers. Expanding mindfulness about the advantages of organic food combined with headways in organic cultivating procedures are foreseen to drive the interest for natural nourishment. Industrialized and developed regions such as Australia, New Zealand, Japan, Singapore, Hong Kong, and South Korea are major markets for organic food in the Asia Pacific market. There is also an increase in the demand for products in developing countries such as India and China due to rising awareness about the benefits of organic food, which is positively influencing the market in the region.
What is the Form Segmental Breakdown of the Market?
On the basis of from, the Organic Pea Protein market is segmented into Isolates, Concentrates, and hydrolysate. The organic pea protein isolates are considered as the pure form of organic pea protein as they possess more than 85% of protein content, whereas organic pea protein concentrates have 50% to 85% protein content.
What is the End Use Segmental Breakdown of the Market?
On the basis of end use, the global market is segmented into food & beverage, dietary supplements, animal feed, cosmetics & personal care, and pharmaceuticals. The food and beverage segment is further sub-segmented into bakery and confectionery, snacks & cereals, meat additives, and beverages.
Key players in the global organic pea protein market are mainly focusing on increasing their global presence and market penetration. Manufacturers of organic pea protein are strategically partnering with various retail stores to feature their products. Also, manufactures of organic pea protein have adopted a strategy of implementing high-performance distribution networks to support their claim as world-leading providers of plant-based ingredients.
|
Attribute |
Details |
|
Forecast period |
2023 to 2033 |
|
Historical data available for |
2018 to 2022 |
|
Market analysis |
USD million for value |
|
Key regions covered |
|
|
Key countries covered |
|
|
Key market segments covered |
|
|
Key companies profiled |
|
|
Report coverage |
|
|
Customization & pricing |
Available upon request |
By Source:
By Pea Protein Type:
By End Use:
By Region:
To know more about delivery timeline for this report Contact Sales
The global market for organic pea protein has a value of US$ 11.26 Mn in 2023.
The global market for organic pea protein has a value CAGR of 5.54% from 2018-2022.
The global market for organic pea protein has a value of US$ 21.95 Mn in 2033.
The global market for organic pea protein has a value CAGR of 6.90% from 2023-2033.
The top players hold more than 40-45% of the market share. They include Ingredion Inc., Roquette Frères, Axiom Foods Inc., Emsland Group, The Scoular Company.
