The Pea Protein Market size was valued at USD 592.95 Million in 2023 and the total Pea Protein Market revenue is expected to grow at a CAGR of 12.02% from 2024 to 2030, reaching nearly USD 1312.05 Million.
Pea Protein Market Overview:
The pea protein market is rapidly expanding, driven by the growing demand for plant-based and allergen-free protein sources. As consumers increasingly seek healthier and more sustainable dietary options, pea protein has gained popularity in various applications, including dietary supplements, meat alternatives, and dairy-free products. Its nutritional benefits, such as high protein content and rich amino acid profile, make it an attractive choice for health-conscious consumers and the food industry. Additionally, the market is benefiting from the rise of vegan and vegetarian diets, as well as heightened awareness of environmental issues associated with animal-based proteins.
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Scope Table:
Aspect | Details |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Data | 2018-2023 |
Market Size in 2023 | US $ 592.95 Mn. |
CAGR (2024-2030) | 12.02% |
Market Size in 2030 | US $ 1312.05 Mn. |
Pea Protein Market Landscape:
The pea protein market landscape is characterized by robust growth and increasing competition, driven by rising consumer demand for plant-based, sustainable, and allergen-free protein alternatives. Major food and beverage companies, as well as emerging brands, are incorporating pea protein into a wide range of products, including meat substitutes, dairy alternatives, and protein supplements. The market is also seeing advancements in extraction and processing technologies that enhance the taste, texture, and nutritional profile of pea protein, making it more appealing to consumers.
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Pea Protein Market Segmentation:
by Type
Isolates
Concentrates
Textured
by Source
Split yellow peas
Lentils
Chickpeas
by Application
Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages
by Form
Dry
Wet
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Pea Protein Market Key Players:
Major Pea Protein Providers in North America:
1. DuPont (United States)
2. Ingredion (United States)
3. Puris (United States)
4. The Scoular Company (United States)
5. Burcon (Canada)
6. AGT Food and Ingredients (Canada)
7. The Green Labs LLC. (United States)
8. Axiom Foods, Inc. (United States)
9. Farbest Brands (United States)
Leading Pea Protein Manufacturers in Europe:
1. Roquette Frères (France)
2. Cosucra Groupe Warcoing SA (Belgium)
3. Cosucra (Belgium)
4. Sotexpro (France)
5. Emsland Group (Germany)
6. Glanbia PLC (Ireland)
7. Kerry (Ireland)
Key Players of Pea Protein Market in APAC:
1. Yantai Shuangta Foods Co., Ltd (China)
2. Shandong Jianyuan Group (China)
3. ET-Chem (China)
4. Shandong Xiangchi Jianyuan Bio-Tech Co., Ltd. (China)
5. Fenchem Biotek Ltd. (China)
6. Shandong Huatai Food (China)
7. Shuangta Food (China)
8. Shandong Oriental Herbest Bio-Tech Co., Ltd. (China)
9. Fencol Corporation (China)
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Regional Insights:
The Regional Analysis section displays the present state of the Pea Protein market in each of the study's participating nations. Due to the complexity of the Pea Protein business, local perspectives must be considered. North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are the regions that comprise the Pea Protein market. We extensively examine each research region's market size, growth rate, imports and exports, as well as other particular characteristics.
Key questions answered in the Pea Protein Market are:
- What growth strategies are the players considering to increase their presence in Pea Protein?
- What are the upcoming industry applications and trends for the Pea Protein Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Pea Protein Market?
- Who are the leading companies and what are their portfolios in Pea Protein Market?
- What segments are covered in the Pea Protein Market?
- Who are the key players in the Pea Protein market?
- Which application holds the highest potential in the Pea Protein market?
- What are the key challenges and opportunities in the Pea Protein market?
- What is Pea Protein?
- What was the Pea Protein market size in 2023?
- What will be the CAGR at which the Pea Protein market will grow?
- What is the growth rate of the Pea Protein Market?
- Which are the factors expected to drive the Pea Protein market growth?
- What are the different segments of the Pea Protein Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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