Product Code: A04372
According to a new report published by Allied Market Research, titled, "Pea Protein Market," The pea protein market was valued at $94.60 million in 2022, and is estimated to reach $227.1 million by 2032, growing at a CAGR of 9.2% from 2023 to 2032.
Pea protein is a lactose- plant protein produced from yellow field peas. Pea protein isolate, pea protein concentrate, and textured pea protein are the types of protein available in the market. Pea protein is a crucial alternative protein source for both vegetarians and lactose intolerant people.. Pea protein products are used in place of alternative sources of protein such as soy, almonds, and peanuts, that are prone to cause allergic reactions in a selected group of audience. Pea protein offers a high protein concentration and necessary amino acids, resulting in a number of favourable health benefits, including enhanced circulation and absorption of calcium, muscle conservation, increased metabolism, and managing blood sugar levels.
People's eating habits have shifted as their health knowledge has increased. Consumers are looking for products that are safe for digestion, eco-friendly, and healthy and help to reduce ailments such as sickness, water loss, gas, cramps, a lack of appetite, exhaustion, and headache, and pea protein suits their requirements as it is the suitable source of protein without any side effects. People who are intolerant or too allergic to gluten or dairy finds pea protein as a suitable source of nutrition. Furthermore, unlike other protein powders such as soy, eggs, whey, or casein, it is easily absorbed and does not cause bloating. Pea protein's strong nutritional composition makes it ideal for senior, vegetarian, and without lactose diets, and child nutrition, driving up demand. As a consequence, all of these factors contribute to market growth.
The global consumers majorly relies on animal-derived protein sources such as flesh, cheese, dairy products, and poultry to fulfill their daily protein requirements. Animal-derived proteins consists of more protein than plant-based proteins and contribute to serious health problems such as coronary artery disease, overweight or obese people, diabetes, and others. The pea protein industry has expanded over the past decade as a growing consumer health consciousness, health advantages attributed to pea intake of protein, and a growing demand for plant-based protein alternatives. According to an International Food Information Council (IFIC) study/survey, in 2022, 28% of the US community recognized the nutritive relevance of plant proteins, and 69% thought plant proteins aided their nutritious gains.
Furthermore, the affordable nature of proteins made from plants in compared to other types of protein, as well as their various health benefits, have increased the demand from customers in recent years, boosting market growth. Future trends towards a high-protein diet, increased health awareness, growth in the economy, urbanisation, and a sizeable vegan population all indicate to an increase in the utilisation of plant-based proteins in food products. To accommodate changing customer tastes, the food industry is continuously exploring for less costly and healthier protein components to replace those derived from animals, such as whey protein, casein, gelatin, which is and ovalbumin- and gluten-based proteins. Pea protein is a feasible food industry choice due to its neutral flavour and usual amino acid makeup Furthermore, the remarkable emulsification qualities of pea protein, which combine both water and fat for a stable emulsion, it is used as a texturizing component in meat products. In recent years, food manufacturers are using pea protein in food items to increase its nutritional content, breakfast cereals, nutritional supplements, baked savories, protein powder, ready-to-drink meal replacement beverages, and plant-based meat are the types of food products where pea protein isolates are used. The growing expansion of the F&B industry, and introduction of innovations in protein-based solutions in developed marketplaces, have propelled demand of the market globally.
The pea protein market is segmented on the basis of type, form, application, and region. By type, it is classified into pea protein isolate, pea protein concentrate, and textured pea protein. Depending on form, it is categorized as dry and liquid. By application, it is segmented into dietary supplement, bakery & confectionery goods, meat products & alternative, beverages, and others. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Some of the Major players analyzed in this report are: A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., Green Labs, LLC, GEMEF Industries, Axiom Foods, Inc., Puris, and Yantai Shuangta Food Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pea protein market analysis from 2022 to 2032 to identify the prevailing pea protein market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pea protein market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pea protein market trends, key players, market segments, application areas, and market growth strategies.
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- Manufacturing Capacity
- Consumer Buying Behavior Analysis
- End user preferences and pain points
- Investment Opportunities
- Average Consumer Expenditure
- Pain Point Analysis
Key Market Segments
By Application
- Dietary supplement
- Bakery and confectionery good
- Meat products and alternative
- Beverage
- Others
By Type
- Pea protein isolate
- Pea protein concentrate
- Textured pea protein
By Form
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- UAE
- Rest of LAMEA
Key Market Players:
- Burcon Nutrascience Corporation.
- Puris
- Yantai Shuangta Food Co., Ltd.
- Cosucra
- Roquette Freres S.A.
- Glanbia PLC
- Axiom Foods, Inc.
- The Green Labs, LLC.
- GEMEF Industries
- A&B Ingredients, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. High nutritional profile of pea proteins
- 3.4.1.2. High demand for plant-based proteins from vegan population
- 3.4.1.3. Consistent growth of the food & beverages industry
- 3.4.2. Restraints
- 3.4.2.1. Increase in market penetration of other proteins
- 3.4.2.2. Formulation challenges in pea protein products
- 3.4.2.3. Low consumer awareness about pea protein-based products
- 3.4.3. Opportunities
- 3.4.3.1. Surge in demand for pea protein-based sports nutrition & weight management products
- 3.4.3.2. Pea proteins as alternative protein source for pet foods
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: PEA PROTEIN MARKET, BY APPLICATION
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Dietary supplement
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Bakery and confectionery good
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Meat products and alternative
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Beverage
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
CHAPTER 5: PEA PROTEIN MARKET, BY TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Pea protein isolate
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Pea protein concentrate
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Textured pea protein
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: PEA PROTEIN MARKET, BY FORM
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Dry
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Liquid
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: PEA PROTEIN MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Application
- 7.2.3. Market size and forecast, by Type
- 7.2.4. Market size and forecast, by Form
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Application
- 7.2.5.1.3. Market size and forecast, by Type
- 7.2.5.1.4. Market size and forecast, by Form
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Application
- 7.2.5.2.3. Market size and forecast, by Type
- 7.2.5.2.4. Market size and forecast, by Form
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Application
- 7.2.5.3.3. Market size and forecast, by Type
- 7.2.5.3.4. Market size and forecast, by Form
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Application
- 7.3.3. Market size and forecast, by Type
- 7.3.4. Market size and forecast, by Form
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Application
- 7.3.5.1.3. Market size and forecast, by Type
- 7.3.5.1.4. Market size and forecast, by Form
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Application
- 7.3.5.2.3. Market size and forecast, by Type
- 7.3.5.2.4. Market size and forecast, by Form
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Application
- 7.3.5.3.3. Market size and forecast, by Type
- 7.3.5.3.4. Market size and forecast, by Form
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Application
- 7.3.5.4.3. Market size and forecast, by Type
- 7.3.5.4.4. Market size and forecast, by Form
- 7.3.5.5. Spain
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Application
- 7.3.5.5.3. Market size and forecast, by Type
- 7.3.5.5.4. Market size and forecast, by Form
- 7.3.5.6. Switzerland
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Application
- 7.3.5.6.3. Market size and forecast, by Type
- 7.3.5.6.4. Market size and forecast, by Form
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Key market trends, growth factors and opportunities
- 7.3.5.7.2. Market size and forecast, by Application
- 7.3.5.7.3. Market size and forecast, by Type
- 7.3.5.7.4. Market size and forecast, by Form
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Application
- 7.4.3. Market size and forecast, by Type
- 7.4.4. Market size and forecast, by Form
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Application
- 7.4.5.1.3. Market size and forecast, by Type
- 7.4.5.1.4. Market size and forecast, by Form
- 7.4.5.2. India
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Application
- 7.4.5.2.3. Market size and forecast, by Type
- 7.4.5.2.4. Market size and forecast, by Form
- 7.4.5.3. Japan
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Application
- 7.4.5.3.3. Market size and forecast, by Type
- 7.4.5.3.4. Market size and forecast, by Form
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Application
- 7.4.5.4.3. Market size and forecast, by Type
- 7.4.5.4.4. Market size and forecast, by Form
- 7.4.5.5. Australia
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Application
- 7.4.5.5.3. Market size and forecast, by Type
- 7.4.5.5.4. Market size and forecast, by Form
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Application
- 7.4.5.6.3. Market size and forecast, by Type
- 7.4.5.6.4. Market size and forecast, by Form
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Application
- 7.5.3. Market size and forecast, by Type
- 7.5.4. Market size and forecast, by Form
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Application
- 7.5.5.1.3. Market size and forecast, by Type
- 7.5.5.1.4. Market size and forecast, by Form
- 7.5.5.2. South Africa
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Application
- 7.5.5.2.3. Market size and forecast, by Type
- 7.5.5.2.4. Market size and forecast, by Form
- 7.5.5.3. UAE
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Application
- 7.5.5.3.3. Market size and forecast, by Type
- 7.5.5.3.4. Market size and forecast, by Form
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Application
- 7.5.5.4.3. Market size and forecast, by Type
- 7.5.5.4.4. Market size and forecast, by Form
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. A&B Ingredients, Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. Roquette Freres S.A.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. Burcon Nutrascience Corporation.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Cosucra
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Glanbia PLC
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. The Green Labs, LLC.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. GEMEF Industries
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Axiom Foods, Inc.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Puris
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Yantai Shuangta Food Co., Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio