The Europe Pea Protein Market size is estimated at USD 204.03 million in 2024, and is expected to reach USD 290.72 million by 2029, growing at a CAGR of 7.34% during the forecast period (2024-2029).
The European pea protein market is fragmented, with global and regional players dominating the market. The prominent players in the region include International Flavors & Fragrances, Inc., Ingredion Incorporated, Koninklijke DSM N.V., Archer Daniels Midland Company, and Kerry Group PLC. The demand for plant-based ingredients is growing in the region due to shifting consumer preferences toward vegan and plant-based food. The market players are engaged in mergers and acquisitions to strengthen their portfolios and market reach. Moreover, they are focused on investing in research and development activities for innovative products with multiple application capabilities and enhanced functional qualities.
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