Global Pea Protein Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pea Protein Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pea protein is an extract from peas. Peas are washed, dried and shelled. Dry peas are ground into flour containing protein, starch and fiber through grinding technology, and then the protein is extracted through fractionation and purification. Pea protein is dairy-free, lactose-free, gluten-free, soy-free, contains less carbohydrates, and is naturally free of cholesterol and fat. Pea protein has a high protein content per serving, a balanced distribution of amino acids, and a low incidence of allergies.

Market Overview:

The latest research study on the global Pea Protein market finds that the global Pea Protein market reached a value of USD 840.26 million in 2022. It’s expected that the market will achieve USD 2034.97 million by 2028, exhibiting a CAGR of 15.88% during the forecast period.

Market Opportunities and Drivers

In providing high-quality protein for humans, pea protein has outstanding performance, mainly for the following reasons:
First, pea protein has high nutritional value in plant protein. Pea contains albumin, and albumin has a complete variety of amino acids and a balanced structure. For example, the content of lysine in pea protein can reach 7.1%.
Second, pea protein has excellent functional properties, such as gelation, solubility, emulsification, water absorption and oil retention, and foaming.
Third, pea protein itself has obvious advantages such as non-genetically modified, no allergens, zero cholesterol, low fat, small molecular weight and easy absorption, which is lacking in other plant proteins.
Fourth, the glycemic index of pea protein is low, the protein index is high, and the feeling of fullness lasts for a long time. Pea protein has a good preventive effect on common human cardiovascular diseases.
Fifth, the most important thing is that pea protein has less beany flavor and plain taste. In addition, textured pea protein is used in plant-based meat products, and its texture properties can enhance the taste and texture of the products.
Sixth, pea protein comes from non-GMO peas, so it is superior to soy protein from genetically modified soybeans.
It can be seen that the characteristics of pea protein itself will attract the attention of consumers to a certain extent and promote the development of the industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Shuangta Food is one of the major players operating in the Pea Protein market, holding a share of 14.73% in 2021.

Starting from a traditional manufacturing company, Shuangta Food has been deeply involved in the industrial chain, and has realized the upgrading of feed pea protein, edible pea protein, functional pea protein, and pea protein plant meat, and strives to move toward the strategic blueprint of the entire pea industry chain. Step forward.

On October 11, 2021, Roquette Frères' new plant in Portage la Prairie, Manitoba is the largest pea protein plant on the planet. With 40 years of plant protein leadership and global expertise, Roquette Frères’ Canadian plant has increased Roquette’s global supply capabilities and added Roquette Frères’ pea protein production facilities in France and the Netherlands. The grand opening of the factory of the future will showcase Roquette Frères' vision and belief that pioneering is the only way to seek innovation.

Segmentation Overview:

Among different product types, Isolate segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Drinks & Dairy Alternatives segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pea Protein market covered in Chapter 3:

Healy Group
Exeller N.V
Emsland Group
Sotexpro
Nutri-Pea
Axiom Foods
Shuangta Food
Puris
Ingredion Incorporated
Vestkorn
Roquette Frères
Cosucra
Glanbia plc
A&B Ingredients
KERRY GROUP

In Chapter 4 and Chapter 14.2, on the basis of types, the Pea Protein market from 2018 to 2029 is primarily split into:

Isolate
Concentrate
Textured
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pea Protein market from 2018 to 2029 covers:

Bakery
Drinks & Dairy Alternatives
Cereals & Snacks
Savory (Ready meals and Vegetarian products)
Nutritional Supplements
Processed Meat & Seafood
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)