Pea Protein Ingredient Market Analysis

Global Pea Protein Ingredients Market Overview

The Pea Protein Ingredients Market Size was valued at USD 5.7 Billion in 2023. The Pea Protein Ingredients market industry is projected to grow from USD 6.46 Billion in 2024 to USD 15.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.19% during the forecast period (2024 - 2032). The increased demand for plant-based protein substitutes, fueled by rising health consciousness and the rising number of consumers embracing vegetarian and vegan diets, is one factor driving the pea protein ingredients market. The market is also growing due to the rising use of pea protein components in numerous industries, including food and beverage, sports nutrition, and nutritional supplements. These are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pea Protein Ingredients Market Trends

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  Growing demand for plant-based protein to drive market growth

  
  

Market CAGR for the market for pea protein ingredients has seen rapid expansion in recent years, and one of the primary factors influencing this upward trend is the rising demand for plant-based protein. This driver is powered by several variables, such as rising environmental awareness, a growing number of people choosing vegetarian, vegan, and flexitarian diets, and rising health consciousness. Consumers are becoming more aware of their food choices due to the rising prevalence of lifestyle diseases and an increased focus on overall well-being. Instead of traditional animal-based protein sources like meat, poultry, and dairy, they seek healthier substitutes.

Due to their lower levels of saturated fat, lack of cholesterol, and higher levels of fiber, plant-based proteins, such as pea protein, have become increasingly popular. Growing environmental concern is a key factor influencing the demand for plant-based proteins. It is well known that animal husbandry significantly affects greenhouse gas emissions, deforestation, and water use. As a result, more people and organizations are adopting plant-based diets to lessen their carbon footprint and counteract the negative environmental effects of animal agriculture. Pea protein is considered an environmentally beneficial substitute for animal protein since it comes from legumes, which use less water and have less environmental influence. Around the world, more people are switching to flexitarian, vegan, and vegetarian diets. As opposed to vegans, who abstain from all goods derived from animals, including dairy, eggs, and honey, vegetarians refrain from eating meat and seafood. Contrarily, flexitarians eat mostly plant-based foods but also occasionally ingest modest amounts of animal products. These dietary decisions are motivated by various things, including sustainability, health benefits, and ethical considerations. Due to its popularity as a high-quality plant-based protein source among those who follow these regimens, pea protein components are in great demand. Ingredients made from pea protein are popular not only because they are made from plants but also because of their nutritional value and related health advantages.

Lysine, arginine, and branched-chain amino acids (BCAAs) are only a few necessary amino acids abundant in pea protein. These amino acids are essential for the body's total protein synthesis, muscular growth, and repair. Pea protein is suitable for people with typical dietary allergies like lactose intolerance or gluten sensitivity because it is also allergen-free. Pea protein is also generally well-tolerated and simple to digest, making it a good option for people with digestive problems. Thus, driving the Pea Protein Ingredients market revenue.

Pea Protein Ingredients Market Segment Insights

Pea Protein Ingredients Type Insights

Based on type, the Pea Protein Ingredients market segmentation includes isolates, concentrates, and textured. Pea protein isolates are one of the goods frequently linked to the market for pea protein ingredients. They are also very popular. Pea protein isolates, generated by eliminating most non-protein components from peas, are highly purified proteins with a protein concentration of 80% or more. Their high protein content, bland flavor, and great solubility make them the favored choice for various applications, including protein powders, dietary supplements, protein bars, beverages, and baked products. Pea protein isolates are the most popular product due to their adaptability and great protein content.

Figure 1: Pea Protein Ingredients Market, by Type, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Pea Protein Ingredients Application Insights

The Pea Protein Ingredients market segmentation, based on application, includes food & beverages, meat substitutes, bakery & confectionery, beverages, dietary supplements, sweet & savory snacks, infant nutrition and others.  Food & beverages are the most commonly used category of products related to the pea protein ingredients market. Pea protein components are widely used in the food and beverage industries because of their useful qualities and nutritional advantages. They are used in various commodities, including vegan meat substitutes, milk without dairy, protein bars, snacks, baked goods, and beverages. Manufacturers can meet the rising demand for plant-based protein sources thanks to the adaptability of pea protein components. This enables them to provide consumers with creative and environmentally friendly food and beverage options.

Pea Protein Ingredients Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Demand for plant-based protein substitutes has significantly increased in North America due to growing consumer concern for health and the environment. The food and beverage business in the area is well-established, and several major players are actively adding pea protein ingredients into their product offerings. The region's expanding vegetarian and vegan market further increases the demand for pea protein components in North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PEA PROTEIN INGREDIENTS MARKET SHARE BY REGION 2024 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Pea Protein Ingredients market accounts for the second-largest market share. The popularity of vegetarian and vegan diets, the high consumer demand for plant-based proteins, and the existence of a developed food industry that uses pea protein ingredients in various applications have all contributed to the growth of the pea protein ingredients market in Europe, the second region. Further, the German Pea Protein Ingredients market held the largest market share, and the UK Pea Protein Ingredients market was the fastest growing market in the European region.

Asia Pacific Pea Protein Ingredients Market is expected to grow fastest from 2023 to 2032. Due to the rising popularity of plant-based diets, rising health awareness, growing numbers of vegetarians and vegans, and increasing demand for sustainable and allergen-free protein sources in nations like China, India, and Japan, Asia Pacific is the third region where the pea protein ingredients market is widely accepted. Moreover, China’s Pea Protein Ingredients market held the largest market share, and the Indian Pea Protein Ingredients market was the fastest growing market in the Asia-Pacific region.

Pea Protein Ingredients Key Market Players & Competitive Insights

The leading market players are expected to increase their market footprint during the forecast period due to investing heavily in their R&D departments. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. Market leaders in the  Pea Protein Ingredients industry are expected to focus on increasing their yield for source materials.

Also, the Pea Protein Ingredients industry will introduce a wide range of products for their consumer groups. Furthermore, the players in the Pea Protein Ingredients industry will pool their resources to increase their output. Major Pea Protein Ingredients market players, including Archer Daniels Midland Company, Kerry Group PLC, Cargill Incorporated, Cosucra Groupe Warcoing SA, and others, are attempting to increase market demand by investing in research and development operations.

ADM is a leader in the production and processing of agricultural products and additives on a scale. ADM, founded in 1902, has expanded to become one of the leading providers of food ingredients and processors in the world, operating in more than 160 nations. ADM, which has its headquarters in Chicago, Illinois, manages a vast network of processing plants, supply chains, and logistical setups. From sourcing and processing to shipping and distribution, the organization is involved in every phase of the agricultural supply chain. In addition to specialty food and feed ingredients, ADM's wide variety of agricultural commodities includes cereals, oilseeds, cocoa, and animal feed ingredients.

Industry leaders in agriculture, food, and nutrition include Cargill Incorporated. Cargill, founded in 1865, has become one of the biggest privately held companies in the United States, operating in more than 70 nations and employing more than 160,000 people globally. Cargill, headquartered in Minneapolis, Minnesota, conducts business in several industries, including agricultural, food ingredients, animal nutrition, and industrial goods. The company engages in various activities as part of its varied portfolio, including procuring, processing, trading, and distributing agricultural products such as grains, oilseeds, cocoa, and sugar. Providing cutting-edge solutions and ingredients for the food and beverage sector, animal feed and nutrition products, and industrial uses is another area of expertise for Cargill. Through tasks including sourcing, storing, processing, and distributing commodities, Cargill's Agriculture business concentrates on assisting farmers and the agricultural supply chain. The organization uses its large network to assist farmers in increasing production, managing risk, and satisfying the rising demand for agricultural goods using sustainably produced raw materials.

Key Companies in the Pea Protein Ingredients market include

• Archer Daniels Midland Company


• Kerry Group PLC


• Cargill Incorporated


• Cosucra Groupe Warcoing SA


• The Scoular Company


• A & B Ingredients Inc


• Nutri-Pea Limited


• Prinova Group LLC


• Roquette Frères S.A.


• Burcon NutraScience Corporation


• Ingredion Incorporated

Pea Protein Ingredients Industry Developments

October 2021: In Dawson, Minnesota, the U.S., Puris Protein LLC launched a new production plant in October 2021, more than doubling the capacity for this kind of protein.

January 2021: About 100 new employees are anticipated to be added by the facility, which was adapted from an existing dairy plant. Roquette Freres and Beyond Meat engaged in a multi-year cooperation in January 2020 to supply pea protein for the Beyond Meat plant-based meat product portfolio. The partnership is predicted to increase Roquette Freres' supply of pea proteins to Beyond Meat.

Pea Protein Ingredients Market Segmentation

Pea Protein Ingredients Type Outlook

• Isolates


• Concentrates


• Textured

Pea Protein Ingredients Application Outlook

• Food & Beverages


• Meat Substitutes


• Bakery & Confectionery


• Beverages


• Dietary Supplements


• Sweet & Savory Snacks


• Infant Nutrition


• Others

Pea Protein Ingredients Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America