Pea Protein Market

Pea Protein Market Outlook (2024-2033)

The market for pea protein can be expected to expand at a value-based CAGR of 6.0% and show an increase in revenue from US$ 1,181.7 Mn in 2024 and expected to reach US$ 2,125.4 Mn by 2033.

Pea Protein Consumption Analysis (2019-2023) Vs. Market Estimations (2024-2033)

The global pea protein market size has witnessed significant growth in the historical period registering a CAGR of 5.3% and was valued at US$ 1,181.7 Mn in 2024. The major factors that helps to drive market demand for market is the increasing consumer demand for naturally sourced supplements and health & wellness products. Demand also increases for textured protein in convenient food items and ready to eat food products that helps to drive the growth for global pea protein.

Pea Protein demand around the world is being driven by the booming supplement sector and desire for naturally sourced healthcare products. Organic product consumption is increasing in the global market, and buyers are becoming more aware of organic products, which is expected to drive the sales of pea protein.

Urbanization across the globe has resulted in higher economic standards, increased purchasing power, and a shift in customer preference for healthy food products. In metropolitan areas, consumers are choosing healthy food options such as natural and organic foods. Increased knowledge of non-GMO and chemical-free foods are the factors influencing the growth of naturally sourced protein powder in the global market.

The global market for pea protein is estimated to reach an approximate valuation of US$ 2,125.4 Mn in the forecast period i.e. 2033.

What are the Key Trends in the Market for Pea Protein Market?

“Increasing Demand for Lactose-free and Gluten-Free Product Bolstering the Demand for the Pea Protein”

The demand for protein and nutrition-rich products is growing worldwide as the global population raises. Proteins can be extracted from various sources such as animal-based, dairy food items, and plant-based ingredients.

A substantial rise in the health-conscious consumers and lactose-intolerant population. These consumers are looking for gluten-free protein and lactose-free components. Pea proteins are naturally sourced gluten-free and lactose-free, and peas are a high-protein and nutrient-rich food.

Thus, consumers are demanding vegan protein isolates for their nutritional demand. This rising demand for lactose-free and gluten-free products is expected to bolster the sales of pea protein in the global market.

“Veganism a Global Trend Benefiting the Pea Protein Market”

In recognized markets such as Europe and North America, veganism is an emerging trend. More and more population is leaning towards veganism. This segment of the consumer consumes only plant-based products. This trend is also being channelized in emerging markets such as East Asia and South Asia and Pacific. This increasing popularity of the vegan trend is expected to give thrust to the market demand for pea protein in the international market place.

Vegan and vegetarian population is totally dependent upon plant-based proteins for their nutrition. Consumers opt for a vegan diet as they consider it to be healthy. Pea proteins are the best sources of nutrition for vegan and vegetarian consumers. Nutrition continues to be the top-most priority for vegetarian and vegan consumers as they seek to improve their health through food. This trend is expected to boost the market for pea protein across the world market.

“Rising Acceptance for the Pea Protein market will Fuel the Market”

Pea protein is made from whole yellow peas, which are high in protein and other essential muscle-building components. Dry pea protein is a natural supplement produced by extracting the soluble pea protein from yellow split peas. Yellow peas are increasingly being cultivated for this purpose. Pea protein stands out when compared to other plant-based proteins in the cropping system since it is environmentally favourable. Pea protein is also manufactured without any of the usually allergic foods like milk or eggs.

Pea protein is gaining attention and relevance around the world as consumers become more aware of its characteristics. This is expected to boost the demand for pea protein in the global market.

• Ingredion Incorporated offers VITESSENCE PULSE 1803, a pea protein isolates that contains 80% of protein. Glanbia Plc offers HarvestPro™ Pea Proteins that contains 75-85% protein content in the products.

“Allergen free Consumer Provides the Potential Growth Opportunity for the Pea Protein Isolates”

Pea protein is regarded as a non-allergenic component. It's lactose-free and gluten-free by definition. Lactose intolerance is becoming more common over the world, and more people are avoiding gluten-based products.

Vegan consumers rely on plant-based protein to fulfill their nutritional needs on a daily basis. As a result, rising consumer demand for allergen-free products can be attributed to pea protein isolates demand.

As a result, pea protein is becoming more popular, as there are fewer people who are allergic to peas. Consequently, manufacturers have a huge opportunity in the allergen-free market for pea protein.

• According to the National Institute of Health (NIH), 68% of the population around the world has lactose malabsorption. However, 1% of the global population is suffering from celiac disease.

“Increasing Number of Substitute Products Threatening the Market”

Nutrition chart shows that pea protein does not have a complete profile of 100% amino acids that any human body needs. Pea protein is an excellent source of protein but it also contains high amount of carbs. Thus, consumers are opting for alternative pea proteins. Manufacturers are also innovating new products using substitutes of pea protein such as brown rice and casein proteins. This increasing awareness about pea protein substitutes is hindering the market growth and preventing it from reaching its full potential.

Country-wise Insights

Why UK holds the largest share in the Pea Protein in the European Market?

The market for pea protein is anticipated to show significant growth in the European market. UK accounts the largest share in the region with a market value of US$ 46.3 Mn in 2024. The demand for plant-based protein in the European market is growing and influencing significantly as it is rich with arginine, an amino acid that help to reduce the blood pressure.

What are the Statistics of India in the Global Pea Protein Market?

India is among the prominent shareholder in the South Asia and Pacific market. Owing to increasing health awareness among consumers. The Indian market is estimated at 46.2 Mn in 2023 an registered an F-CAGR of around 10.1%.

Category-wise Insights

How is the Bolstering Cosmetics & Personal Care Industry Offering Growth Opportunity in the Market?

The demand is rising for vegan protein isolates in the cosmetics & personal care industry in the preparation of beauty care products. Pea is a high source of phytonutrients and antioxidant properties. Pea contains amino acids that are utilised in the manufacturing of hair and skincare products. Moreover, the market value of pea protein in the cosmetics & personal care industry is estimated to be valued at 60.1 Mn in 2023.

Which form of pea protein is the most demanded in the Global Market?

Based on form, isolates, is highly demanded pea protein market. The market value share of isolates is 49.6% approximately. The demand rises for isolate form of protein owing to the addition of healthy and nutritional content in consumer’s dietary regime.

Competitive Dashboard

The key manufacturer in the global market for pea protein proteins are inclined at investing extensively in innovation, expansion, and research and development (R&D) processes in order to not only achieve the highest quality products but also to discover new uses for vegetables based proteins. The producers also strives to improve their operational and innovative capabilities.

• In February 2018, DuPont de Nemours Inc announced the opening of the Bay Area Innovation Center (BAIC), a new expanded development facility focused on agricultural biotechnology discovery, empowering technological development. The company announced the expansion of its plant-based protein product. The company launched six new plant protein nuggets from its product TRUPRO 2000 Pea Protein.
• In 2017, Axiom Foods Inc. introduced its innovative product, Vegotein MA, a non-GMO pea protein analogue, in Las Vegas U.S., as a meat replacement and also as a meat extender. This new product not only increases protein content but also acts as an alternative to soy and wheat gluten.
• Aminola provides a wide range of protein ingredient products. The company provides pea protein market concentrate, pea protein isolate, faba protein concentrate, and lupin protein concentrate. Aminola’s expertise resides predominantly in vegetable proteins to replace scarce and unsustainable animal proteins.
• A&B Ingredients unveiled an addition to its pea protein offerings — PisaneR B9. This new pea protein isolate was produced to meet the growing requirements of manufacturers of high protein baked goods, including protein bars, granola bars, bread products, and extruded crisps.

Pea Protein Market Industry Report Scope

Pea Protein Market Industry Research by Category

By Nature:

• Organic
• Conventional

By Form:

• Isolates
• Concentrates
• Hydrolysate

By End Use:

• Food & Beverage Industry
  • Bakery & Confectionery
  • Snacks & Cereals
  • Meat Additives
  • Beverages
• Dietary Supplements
• Animal Feed Industry
• Cosmetics & personal Care Industry
• Pharmaceuticals

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

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