Pea Protein Market Size, Share & Trends Analysis Report By Product (Isolates, Concentrates), By Form (Dry, Wet), By Source, By Application (Food & Beverages, Animal Feed), By Region, And Segment Forecasts, 2024 - 2030

Pea Protein Market Size, Share & Trends Analysis Report By Product (Isolates, Concentrates), By Form (Dry, Wet), By Source, By Application (Food & Beverages, Animal Feed), By Region, And Segment Forecasts, 2024 - 2030


Pea Protein Market Growth & Trends

The global pea protein market size is expected to reach USD 4.71 billion by 2030, expanding at a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for pea protein is anticipated to be driven by several factors such as functional benefits, its suitability for individuals with food allergies and dietary restrictions, and growing preference for plant-based diets due to health and environmental concerns.

Pea protein is naturally free from common allergens such as dairy, soy, and gluten. This factor has contributed to its popularity among people with food allergies, sensitivities, or dietary restrictions. Additionally, pea protein is often non-genetically modified, which appeals to consumers seeking natural and clean-label products.

The increasing prevalence of health issues such as obesity and diabetes, particularly among younger generations, has resulted in a growing preference for vegan diets. Furthermore, animal rearing negatively impacts natural resources and contributes to global warming to some extent. Although this impact has not been precisely measured, it is widely acknowledged, and awareness of this factor has encouraged the adoption of a more plant-based diet, thus boosting the meat substitutes market. As a result, pea protein as a meat substitute is expected to become more prevalent during the forecast period due to its excellent texturing properties, which make it suitable for use in the production of meat products such as chicken, beef, lamb, and mutton.

Pea proteins offer several functional benefits for bakery applications, including water holding capability, gelation, and increased browning, particularly in gluten-free applications. Besides, using pea proteins in bakery goods also replaces potential allergens such as gluten or soy. The increased health consciousness among consumers is prompting bakery manufacturers to introduce products with functional ingredients to increase their health appeal. This changing consumer pattern is anticipated to benefit the market over the forecast period.

Pea protein is fortified as a texturing agent in baked goods, including cakes, dressings, and desserts due to its fibrous content and gluten-free properties. Over the past few years, continuous expansion in retail chains by baked goods manufacturers, including Tesco (U.K.) and Carrefour (France) in the European market, has played a crucial role in promoting the demand for cakes and desserts. This favorable trend will provide an upswing for the pea protein industry as a texturing agent in the baked goods industry over the forecast years.

Pea proteins are rich in all nine essential amino acids and iron and are good for muscle building and heart health. Pea protein is fortified and added in nutritional tablets, syrups, soups, energy powders and cereal bars for providing health benefits such as enhancing muscle and bone growth and regulating blood sugar levels. Rising demand for sports nutrition products due to increasing awareness towards muscle improvement among athletes is expected to fuel pea protein demand in beverages such as energy drink-mix powders in the near future. Pea protein ingredients will be used in fortifying energy drinks, fruit juices, vegetable mix juices, and liquid solutions.

Technological advancements in the pea protein industry, such as improved extraction and processing techniques, enhanced purification, functional property optimization, and innovation in product development, are driving its growth. These advancements enable higher production efficiency, improved product quality, expanded application possibilities, and address sustainability concerns, fueling the increasing demand for pea protein.

Pea Protein Market Report Highlights
  • Based on products, pea protein isolates dominated the market with a 49.9% share in 2022 owing to their high protein content, excellent amino acid profile, and versatile applications. Pea protein isolates are highly purified and contain a high concentration of protein, making them desirable for various industries such as food and beverage, sports nutrition, and dietary supplements
  • Based on form, dry pea protein dominated the market with a revenue share of 67.3% in 2022 due to its versatility in applications, ease of storage and transportation, and the increasing demand for plant-based and vegan products
  • Based on source, yellow split peas dominated the market with a revenue share of 76.8% in 2022 due to their wide availability, favorable nutritional & functional properties, mild flavor profile, and growing demand for plant-based protein alternatives
  • Based on application, food & beverages dominated the market with a share of 39.6% in 2022, owing to the increasing demand for plant-based and vegan products, functional benefits in various food applications, and consumer preferences for allergen-friendly and sustainable ingredients
  • The North America region dominated the market with a revenue share of 33.1% in 2023, due to strong food and beverage industry, and favorable government regulations promoting plant-based diets
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Chapter 1 Pea Protein Market: Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Research Methodology
1.3 Assumptions
1.4 InProductation Procurement
1.4.1 Purchased Database
1.4.2 GVR’s Internal Database
1.4.3 Secondary Sources
1.4.4 Third-Party Perspective
1.4.5 Primary Research
1.5 InProductation Analysis & Data Analysis Models
1.6 List of Data Sources
Chapter 2 Pea Protein Market: Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Pea Protein Market: Industry Outlook
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trends
3.3.3 Sales Channel Analysis
3.4 Technology Framework
3.5 Market Dynamics
3.5.1 Market Drivers Analysis
3.5.2 Market Restraints Analysis
3.5.3 Market Challenges
3.6 Business Environment Analysis
3.6.1 Porter’s Five Forces Analysis
3.6.2 PESTEL Analysis
3.7 Market Entry Strategies
Chapter 4 Pea Protein Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2022 & 2030
4.2 Pea Protein Market Estimates & Forecast, By Product (Metric Tons, USD Million)
4.3 Isolates
4.4 Concentrates
4.5 Textured
4.6 Hydrolysates
Chapter 5 Pea Protein Market: Form Estimates & Trend Analysis
5.1 Form Movement Analysis & Market Share, 2022 & 2030
5.2 Pea Protein Market Estimates & Forecast, By Form (Metric Tons, USD Million)
5.3 Dry
5.4 Wet
Chapter 6 Pea Protein Market: Source Estimates & Trend Analysis
6.1 Form Movement Analysis & Market Share, 2022 & 2030
6.2 Pea Protein Market Estimates & Forecast, By Form (Metric Tons, USD Million)
6.3 Yellow Split Peas
6.4 Others
Chapter 7 Pea Protein Market: Application Estimates & Trend Analysis
7.1 Application Movement Analysis & Market Share, 2022 & 2030
7.2 Pea Protein Market Estimates & Forecast, By Application (Metric Tons, USD Million)
7.3 Food & Beverages
7.3.1 Meat substitutes
7.3.2 Bakery goods
7.3.3 Dietary supplements
7.3.4 Beverages
7.3.5 Others
7.4 Personal Care & Cosmetics
7.5 Animal Feed
7.6 Others
Chapter 8 Pea Protein Market: Regional Estimates & Trend Analysis
8.1 Global Pea Protein Market: Regional Outlook
8.2 North America
8.2.1 North America Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.2.2 North America Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.2.3 U.S.
8.2.3.1 U.S. Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.2.3.2 U.S. Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.2.4 Canada
8.2.4.1 Canada Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.2.4.2 Canada Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.2.5 Mexico
8.2.5.1 Mexico Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.2.5.2 Mexico Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3 Europe
8.3.1 Europe Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.2 Europe Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.3 Germany
8.3.3.1 Germany Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.3.2 Germany Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.4 UK
8.3.4.1 UK Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.4.2 UK Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.5 France
8.3.5.1 France Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.5.2 France Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.6 Italy
8.3.6.1 Italy Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.6.2 Italy Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.7 Spain
8.3.7.1 Spain Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.7.2 Spain Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.8 Sweden
8.3.8.1 Sweden Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.8.2 Sweden Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.3.9 Netherlands
8.3.9.1 Netherlands Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.3.9.2 Netherlands Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.2 Asia Pacific Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4.3 China
8.4.3.1 China Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.3.2 China Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4.4 Japan
8.4.4.1 Japan Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.4.2 Japan Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4.5 India
8.4.5.1 India Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.5.2 India Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4.6 Australia & New Zealand
8.4.6.1 Australia & New Zealand Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.6.2 Australia & New Zealand Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.4.7 South Korea
8.4.7.1 South Korea Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.4.7.2 South Korea Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.5 Central & South America
8.5.1 Central & South America Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.5.2 Central & South America Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.5.3 Brazil
8.5.3.1 Brazil Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.5.3.2 Brazil Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.5.4 Argentina
8.5.4.1 Argentina Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.5.4.2 Argentina Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.6 Middle East & Africa
8.6.1 Middle East & Africa Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.6.2 Middle East & Africa Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.6.3 UAE
8.6.3.1 UAE Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.6.3.2 UAE Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
8.6.4 South Africa
8.6.4.1 South Africa Pea Protein Market Estimates & Forecast, 2018 - 2030 (Metric Tons)
8.6.4.2 South Africa Pea Protein Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
9.1 Company/Competition Categorization (Key Innovators, Market Leaders, And Emerging Players)
9.2 Participants’ Overview
9.3 Financial Performance
9.4 Product Benchmarking
9.5 Company Market Share Analysis, 2022
9.6 Company Heat Map Analysis, 2022
9.7 Strategy Mapping

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