Pea Protein Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	156 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224143

Best Price Guarantee
Price	from $4,850
Length	156 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224143

Pea Protein Market

Growth Factors of pea protein Market

The pea protein market size was valued at USD 580.61 million in 2023, and the market is now projected to grow from 649.36 million in 2024 to USD 1,644.67 million by 2032, exhibiting a CAGR of 12.32% during the forecast period of 2024-2032.

The pea protein market has been affected as a result of COVID-19, contributing to the growth due to increased awareness with the new trend of people moving towards plant-based proteins and improved health consciousness. Such disruptions affected the existing production and distribution chain since supplying chain networks were interrupted. Some of the major challenges were the scarcity of raw materials and increased time taken in their transportation which in one way or the other hindered the market’s growth. Nevertheless, the awareness of the importance of healthy living as well as the sustainable use of resources has further increased due to the pandemic’s impact, and therefore the plant-based product remains continuously on the rise even after the pandemic which will provide steady growth to pea protein market in long run.

The pea protein market is showing some significant trends on the grounds of growing plant-based food consumption and consumers’ environmental consciousness. It is being used in snacks, beverages and as meat substitutes since there are innovations in formulating products. Other factors driving the markets growth include rising demand for clean label, allergens free and non GMO foods and beverages. Organizations are capitalizing on taste and texture so as to increase consumers’ satisfaction. Moreover, there is currently increased concern on exercise and protein products, and this continues to work in the favor of pea protein supplements hence increasing its market. Thus, all the above mentioned factors are contributing towards the pea protein market growth.

The major drivers of development of pea proteins market include the increased consume of plant product foods and rise in concern of the population about the ecological condition and the impact of their food choices. The need for more health-conscious foods as well as ethics required for better treatment of animals has led to increased demand in plant protein. Further, there is a trend of the increase in the number of food allergies and intolerances, which make people look for allergen-free products. The extraction processes are being improved through the use of technology in proteins, and thus, the aspect of pea proteins in related products is also being improved to suit different areas such as in sports nutrition and other food products.

Comprehensive Analysis pea protein Market

The ‘type’ segmentation varies for each application of pea protein that caters to different customer requirements. According to type, the market comprises isolates, concentrates, and textured pea proteins. Isolates are very processed and primarily contain proteins that are rich in quality and free of adulterants making it fit for the preparation of foods and drinks such as juices and others. It also offers a fairly good amount of protein profile and is greatly employed in various products such as meatless products and bakery products. Pea protein is used in the food industry for obtaining products with similar texture to meats to make plant-based meat products more appealing to the consumers. As to the use of pea protein now it is employed chiefly in meat substitutes for its multi-functionality, in baked goods as a protein ingredient, in diet products for health and muscular building and lastly in beverages to enrich for protein. Furthermore, they are also incorporated in multiple other products meant for specific demographic and unique taste.

North America dominates the global pea protein market share due to increasing focus among consumers toward consumption of vegan and healthy products. The United States and Canada are leading the market, backed by rising trend of using meat substitutes and dietary supplements. Another factor that supports the growth of the markets in the region is increased food processing technologies and solid supply chains. Moreover, North American consumers’ concern with sustainability and adverse effects on the environment will further boost the demand for pea proteins to establish the region as a key driver of the market’s advancements.

Key players in this sector includes Roquette Frères (France), BurconNutrascience Corp (Canada), The Scoular Company (U.S.), DuPont (U.S.), Cosucra Groupe Warcoing (Belgium), Nutri-Pea Limited (Canada), Shandong Jianyuan Group (China)

Burcon NutraScience Corp. introduced its improved pea protein isolate named “Peazazz” in 2023 that has many more interesting properties including higher solubility as well as better taste in comparison with other analogous products. This product it suitable for enhancement of beverages and other food products where typical taste and texture properties of pea proteins are not desirable. Peazazz is a new addition to the category of pea protein technology embryos, and the goal is to make the product more popular and increase consumers’ acceptance, thus making a wider variety of plant-based food products.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Million)

Growth Rate CAGR of 12.32% from 2024 to 2032

Segmentation By Type

Isolates
Concentrate
Textured

By Application

Meat Substitutes
Baked Goods
Dietary Supplements
Beverages
Others

By Geography

North America (By Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Type, Application, and Country)
Germany (By Application)
U.K. (By Application)
Russia (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, Application, and Country)
China (By Application)
India (By Application)
Australia (By Application)
Japan (By Application)
Rest of Asia Pacific (By Application)
South America (By Type, Application, and Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America (By Application)
Middle East and Africa (By Type, Application, and Country)
South Africa (By Application)
UAE (By Application)
Rest of ME&A (By Application)

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Industry SWOT Analysis; 4.3. Supply Chain and Regulatory Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions; 4.5. Qualitative Analysis Related to COVID-19; 4.5.1. Impact of COVID-19 on the Market; 4.5.2. Supply Chain Challenges amidst Pandemic; 4.5.3. Potential Opportunities due to this Global Crisis
5. Global Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Type; 5.2.1.1. Isolates; 5.2.1.2. Concentrates; 5.2.1.3. Textured; 5.2.2. By Application; 5.2.2.1. Meat Substitutes; 5.2.2.2. Bakery Goods; 5.2.2.3. Dietary Supplements; 5.2.2.4. Beverage; 5.2.2.5. Others; 5.2.3. By Region; 5.2.3.1. North America; 5.2.3.2. Europe; 5.2.3.3. Asia Pacific; 5.2.3.4. South America; 5.2.3.5. Middle East & Africa
6. North America Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Type; 6.2.1.1. Isolates; 6.2.1.2. Concentrates; 6.2.1.3. Textured; 6.2.2. By Application; 6.2.2.1. Meat Substitutes; 6.2.2.2. Bakery Goods; 6.2.2.3. Dietary Supplements; 6.2.2.4. Beverage; 6.2.2.5. Others; 6.2.3. By Country (Value); 6.2.3.1. U.S.; 6.2.3.1.1. By Application; 6.2.3.1.1.1. Meat Substitutes; 6.2.3.1.1.2. Bakery Goods; 6.2.3.1.1.3. Dietary Supplements; 6.2.3.1.1.4. Beverage; 6.2.3.1.1.5. Others; 6.2.3.2. Canada; 6.2.3.2.1. By Application; 6.2.3.2.1.1. Meat Substitutes; 6.2.3.2.1.2. Bakery Goods; 6.2.3.2.1.3. Dietary Supplements; 6.2.3.2.1.4. Beverage; 6.2.3.2.1.5. Others; 6.2.3.3. Mexico; 6.2.3.3.1. By Application; 6.2.3.3.1.1. Meat Substitutes; 6.2.3.3.1.2. Bakery Goods; 6.2.3.3.1.3. Dietary Supplements; 6.2.3.3.1.4. Beverage; 6.2.3.3.1.5. Others
7. Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Type; 7.2.1.1. Isolates; 7.2.1.2. Concentrates; 7.2.1.3. Textured; 7.2.2. By Application; 7.2.2.1. Meat Substitutes; 7.2.2.2. Bakery Goods; 7.2.2.3. Dietary Supplements; 7.2.2.4. Beverage; 7.2.2.5. Others; 7.2.3. By Country (Value); 7.2.3.1. Germany; 7.2.3.1.1. By Application; 7.2.3.1.1.1. Meat Substitutes; 7.2.3.1.1.2. Bakery Goods; 7.2.3.1.1.3. Dietary Supplements; 7.2.3.1.1.4. Beverage; 7.2.3.1.1.5. Others; 7.2.3.2. France; 7.2.3.2.1. By Application; 7.2.3.2.1.1. Meat Substitutes; 7.2.3.2.1.2. Bakery Goods; 7.2.3.2.1.3. Dietary Supplements; 7.2.3.2.1.4. Beverage; 7.2.3.2.1.5. Others; 7.2.3.3. Italy; 7.2.3.3.1. By Application; 7.2.3.3.1.1. Meat Substitutes; 7.2.3.3.1.2. Bakery Goods; 7.2.3.3.1.3. Dietary Supplements; 7.2.3.3.1.4. Beverage; 7.2.3.3.1.5. Others; 7.2.3.4. U.K.; 7.2.3.4.1. By Application; 7.2.3.4.1.1. Meat Substitutes; 7.2.3.4.1.2. Bakery Goods; 7.2.3.4.1.3. Dietary Supplements; 7.2.3.4.1.4. Beverage; 7.2.3.4.1.5. Others; 7.2.3.5. Spain; 7.2.3.5.1. By Application; 7.2.3.5.1.1. Meat Substitutes; 7.2.3.5.1.2. Bakery Goods; 7.2.3.5.1.3. Dietary Supplements; 7.2.3.5.1.4. Beverage; 7.2.3.5.1.5. Others; 7.2.3.6. Rest of Europe; 7.2.3.6.1. By Application; 7.2.3.6.1.1. Meat Substitutes; 7.2.3.6.1.2. Bakery Goods; 7.2.3.6.1.3. Dietary Supplements; 7.2.3.6.1.4. Beverage; 7.2.3.6.1.5. Others
8. Asia Pacific Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Type; 8.2.1.1. Isolates; 8.2.1.2. Concentrates; 8.2.1.3. Textured; 8.2.2. By Application; 8.2.2.1. Meat Substitutes; 8.2.2.2. Bakery Goods; 8.2.2.3. Dietary Supplements; 8.2.2.4. Beverage; 8.2.2.5. Others; 8.2.3. By Country (Value); 8.2.3.1. China; 8.2.3.1.1. By Application; 8.2.3.1.1.1. Meat Substitutes; 8.2.3.1.1.2. Bakery Goods; 8.2.3.1.1.3. Dietary Supplements; 8.2.3.1.1.4. Beverage; 8.2.3.1.1.5. Others; 8.2.3.2. India; 8.2.3.2.1. By Application; 8.2.3.2.1.1. Meat Substitutes; 8.2.3.2.1.2. Bakery Goods; 8.2.3.2.1.3. Dietary Supplements; 8.2.3.2.1.4. Beverage; 8.2.3.2.1.5. Others; 8.2.3.3. Japan; 8.2.3.3.1. By Application; 8.2.3.3.1.1. Meat Substitutes; 8.2.3.3.1.2. Bakery Goods; 8.2.3.3.1.3. Dietary Supplements; 8.2.3.3.1.4. Beverage; 8.2.3.3.1.5. Others; 8.2.3.4. Australia; 8.2.3.4.1. By Application; 8.2.3.4.1.1. Meat Substitutes; 8.2.3.4.1.2. Bakery Goods; 8.2.3.4.1.3. Dietary Supplements; 8.2.3.4.1.4. Beverage; 8.2.3.4.1.5. Others; 8.2.3.5. Rest of Asia Pacific; 8.2.3.5.1. By Application; 8.2.3.5.1.1. Meat Substitutes; 8.2.3.5.1.2. Bakery Goods; 8.2.3.5.1.3. Dietary Supplements; 8.2.3.5.1.4. Beverage; 8.2.3.5.1.5. Others
9. South America Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Size Estimates and Forecast; 9.2.1. By Type; 9.2.1.1. Isolates; 9.2.1.2. Concentrates; 9.2.1.3. Textured; 9.2.2. By Application; 9.2.2.1. Meat Substitutes; 9.2.2.2. Bakery Goods; 9.2.2.3. Dietary Supplements; 9.2.2.4. Beverage; 9.2.2.5. Others; 9.2.3. By Country (Value); 9.2.3.1. Brazil; 9.2.3.1.1. By Application; 9.2.3.1.1.1. Meat Substitutes; 9.2.3.1.1.2. Bakery Goods; 9.2.3.1.1.3. Dietary Supplements; 9.2.3.1.1.4. Beverage; 9.2.3.1.1.5. Others; 9.2.3.2. Argentina; 9.2.3.2.1. By Application; 9.2.3.2.1.1. Meat Substitutes; 9.2.3.2.1.2. Bakery Goods; 9.2.3.2.1.3. Dietary Supplements; 9.2.3.2.1.4. Beverage; 9.2.3.2.1.5. Others; 9.2.3.3. Rest of South America; 9.2.3.3.1. By Application; 9.2.3.3.1.1. Meat Substitutes; 9.2.3.3.1.2. Bakery Goods; 9.2.3.3.1.3. Dietary Supplements; 9.2.3.3.1.4. Beverage; 9.2.3.3.1.5. Others
10. Middle East & Africa Pea Protein Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Type; 10.2.1.1. Isolates; 10.2.1.2. Concentrates; 10.2.1.3. Textured; 10.2.2. By Application; 10.2.2.1. Meat Substitutes; 10.2.2.2. Bakery Goods; 10.2.2.3. Dietary Supplements; 10.2.2.4. Beverage; 10.2.2.5. Others; 10.2.3. By Country (Value); 10.2.3.1. South Africa; 10.2.3.1.1. By Application; 10.2.3.1.1.1. Meat Substitutes; 10.2.3.1.1.2. Bakery Goods; 10.2.3.1.1.3. Dietary Supplements; 10.2.3.1.1.4. Beverage; 10.2.3.1.1.5. Others; 10.2.3.2. UAE; 10.2.3.2.1. By Application; 10.2.3.2.1.1. Meat Substitutes; 10.2.3.2.1.2. Bakery Goods; 10.2.3.2.1.3. Dietary Supplements; 10.2.3.2.1.4. Beverage; 10.2.3.2.1.5. Others; 10.2.3.3. Rest of Middle East & Africa; 10.2.3.3.1. By Application; 10.2.3.3.1.1. Meat Substitutes; 10.2.3.3.1.2. Bakery Goods; 10.2.3.3.1.3. Dietary Supplements; 10.2.3.3.1.4. Beverage; 10.2.3.3.1.5. Others
11. Competitive Matrix: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Pea Protein Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles: 12.1. Burcon Nutrascience; 12.1.1. Overview; 12.1.2. Description; 12.1.3. Product Portfolio; 12.1.4. Financials (Data as available in public domain and/or on paid databases); 12.1.5. Recent Developments; 12.2. Roquette Freres; 12.2.1. Overview; 12.2.2. Description; 12.2.3. Product Portfolio; 12.2.4. Financials (Data as available in public domain and/or on paid databases); 12.2.5. Recent Developments; 12.3. The Scoular Company; 12.3.1. Overview; 12.3.2. Description; 12.3.3. Product Portfolio; 12.3.4. Financials (Data as available in public domain and/or on paid databases); 12.3.5. Recent Developments; 12.4. DuPont; 12.4.1. Overview; 12.4.2. Description; 12.4.3. Product Portfolio; 12.4.4. Financials (Data as available in public domain and/or on paid databases); 12.4.5. Recent Developments; 12.5. Cosucra Groupe Warcoing SA; 12.5.1. Overview; 12.5.2. Description; 12.5.3. Product Portfolio; 12.5.4. Financials (Data as available in public domain and/or on paid databases); 12.5.5. Recent Developments; 12.6. Nutri-Pea Limited; 12.6.1. Overview; 12.6.2. Description; 12.6.3. Product Portfolio; 12.6.4. Financials (Data as available in public domain and/or on paid databases); 12.6.5. Recent Developments; 12.7. Shandong Jianyuan Group; 12.7.1. Overview; 12.7.2. Description; 12.7.3. Product Portfolio; 12.7.4. Financials (Data as available in public domain and/or on paid databases); 12.7.5. Recent Developments; 12.8. Sotexpro SA; 12.8.1. Overview; 12.8.2. Description; 12.8.3. Product Portfolio; 12.8.4. Financials (Data as available in public domain and/or on paid databases); 12.8.5. Recent Developments; 12.9. Sotexpro SA; 12.9.1. Overview; 12.9.2. Description; 12.9.3. Product Portfolio; 12.9.4. Financials (Data as available in public domain and/or on paid databases); 12.9.5. Recent Developments; 12.10. Puris Protein LLC; 12.10.1. Overview; 12.10.2. Description; 12.10.3. Product Portfolio; 12.10.4. Financials (Data as available in public domain and/or on paid databases); 12.10.5. Recent Developments
13. Strategic Recommendations