The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
Pea protein, extracted from green and yellow peas, is a popular choice for protein supplements and food products. It contains all the essential amino acids needed by the body and offers benefits such as improved blood circulation, weight management, and muscle development. Being vegan and lactose-free, pea protein is a safe option for those with dairy and egg allergies. Its availability, nutritional value, and cost-effectiveness have led to its increasing use as a substitute for soybean or animal proteins in functional foods, making it a preferred choice for vegetarians and vegans.
Top Key Players for Pea Protein Market:
- Dupont (USA)
- The Scoular Company (USA)
- Emsland Group (Germany)
- Puris Foods (USA)
- Rouquette Freres (France)
- Cargill Incorporated (USA)
- Fenchem Inc. (China)
- Burcon Nutrascience (Canada)
- Nutri-Pea Ltd. (Canada)
- Ingredian Inc. (USA)
- Axiom Foods Inc. (USA)
- The Green Labs LLC. (USA)
- Sotexpro SA (France)
- Shandong Jianyuan Group (China)
- Martin and Pleasance (Australia)
- Cosucra Group (Belgium) and Other Major Players.
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In October 2022, Roquette introduces new organic pea ingredients. Roquette is set to release a range of organic pea ingredients, such as organic pea starch and organic pea protein. These ingredients are manufactured at Roquette’s facility in Portage la Prairie, Manitoba, using peas sourced from a network of organic growers in Canada.
In October 2022, Puris, a leading pea protein manufacturer, introduces its inaugural consumer product in the form of a plant-based egg substitute. Puris Holdings, the largest supplier of pea protein in North America, has expanded its public presence by unveiling its plant-based egg brand. This move aims to establish a stronger connection with consumers, marking a significant shift from its previous focus on supplying pea protein to food and beverage companies.
Market Dynamics and Factors:
The pea protein market is witnessing strong growth due to factors like rising health consciousness, demand for meat substitutes, and multiple health benefits. The market is driven by the use of pea protein in various products, growth in the food and beverages sector, increasing demand for organic foods, and ongoing research and development. Pea protein isolates, known for their emulsification properties and high amino acid content, are particularly driving market growth. The growing awareness of protein’s functional benefits, including weight management and immune support, is also fueling the demand for pea protein.
The popularity and demand for pea protein are projected to increase in the coming years, particularly in sports nutrition and weight-management products. Pea protein offers numerous benefits for brain health, eye health, heart health, muscle mass, immunity, weight management, and sports performance when incorporated into health supplements. The growing aging population, the focus on health and wellness, and the rise in disease prevalence are key drivers for the utilization of pea protein in nutrition and health supplements.
What are New Additions in 2023?
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Pea Protein Market Report Highlight:
- By Type, Isolated Segments hold a larger market share as compared to Fiber Type. The usage of pea protein isolates is experiencing growth in various applications, including performance nutrition products, cereals, plant-based dairy products, and plant-based meat products.
- By Form, Dry Segments hold a larger market share, Dry pea protein is derived from pea flour, which is extracted during the processing phase and obtained in a powdered form.
- By Source, Yellow Splits Peas hold a larger market share, they are known for their high protein content, making them an ideal choice for extracting pea protein.
- By Application, Nutrition and Health Supplements hold a larger market share, Pea protein finds significant application in the nutrition and health supplements segment. As a plant-based protein source, it caters to the growing demand for vegan and vegetarian-friendly options.
- North America is expected to have the highest share of the Market. The market is expected to experience growth in the forecast period, driven by factors such as increased demand for gluten-free products, rising concerns about cardiovascular disease associated with high red meat consumption, and the robust expansion of the sports nutrition industry in the region.
Central to our report are the company profiles and competitive analysis, providing insights into market players’ overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Pea Protein Market.
Pea Protein Market Segmentation:
- And Textured
- Yellow Splits Peas
- Nutrition and Health Supplements
- Bakery and Confectionery
- Meat Products and Alternatives
- Cereals and Snacks
The Growing R&D in Protein-Based Products
Key Market Drivers:
Increased Demand for Organic-Based Foods
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For This Report, Introspective Market Research Has Segmented The Pea Protein Market Based On Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- The Czech Republic
- Rest of Eastern Europe
- Rest of Western Europe
- South Korea
- The Philippines
- New Zealand
- Rest of APAC
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of SA
Scope of the Report:
The latest research on the Pea Protein Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Pea Protein industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Pea Protein market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
The Study Objectives are:
- A comprehensive insight into key players operating in the Pea Protein Market and their corresponding data.
- It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
- Regional analysis, which includes insight into the dominant market and corresponding market share.
- It also includes various socio-economic factors affecting the evolution of the market in the region.
- The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
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