Global Pea Protein Market worth USD 5.87 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Pea Protein Market Size is Expected to Grow from USD 1.98 Billion in 2023 to USD 5.87 Billion by 2033, Growing at a CAGR of 11.48% during the forecast period 2023-2033.

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Pea protein is a specific kind of protein that may raise the diet’s nutritional value. Pea protein is used to treat diabetes, high blood pressure, obesity, high cholesterol, and muscle weakness, among other problems. Growing consumer knowledge of the negative effects of animal agriculture on the environment and the health risks of eating meat is leading more people to choose plant-based substitutes. A highly nutritious protein source, pea protein is becoming more and more well-liked by vegans, vegetarians, and customers who are concerned about their health. Due to its lack of common allergens such as gluten and soy, it is a good choice for those with dietary restrictions. Technological advancements in food processing have enhanced the flavor, consistency, and utility of pea protein, increasing its demand among producers and consumers. These advancements have caused it to be used in a greater variety of items, ranging from baked goods and snacks to plant-based meats and dairy substitutes. Pea protein’s market expansion is also fueled by its adaptability to particular dietary requirements and consumer preferences. However, pea protein is generally thought to have relatively few adverse effects and is well tolerated. The development of the sector has been hampered by the negative consequences of this protein, particularly when it comes to powder.

Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the Global Pea Protein Market Size, Share, and COVID-19 Impact Analysis, By Product (Isolates, Concentrates, Textured, and Hydrolysates), By Form (Dry and Wet), By Source (Yellow Split Peas and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The isolates segment is anticipated to dominate the global pea protein market over the study period.  

Based on the product, the global pea protein market is categorized into isolates, concentrates, textured, and hydrolysates. Among these, the isolates segment is anticipated to dominate the global pea protein market over the study period. The essential amino acids required for muscle growth and recovery, especially branched-chain amino acids (BCAAs), are abundant in pea protein isolates. They are also readily digested and have a high iron content, which makes them a good choice for customers who are concerned about their health.

The dry segment is anticipated to dominate the global pea protein market over the study period. 

Based on the form, the global pea protein market is categorized into dry and wet. Among these, the dry segment is anticipated to dominate the global pea protein market over the study period. In food and beverage products, dry pea protein in powdered form ensures accurate measurement and uniform distribution, streamlining formulation procedures. Customers expect dependable and pleasurable products, and this consistency in composition upholds product quality.

The yellow split peas segment accounted for the largest revenue share through the forecast period.

Based on the source, the global pea protein market is categorized into yellow split peas and others. Among these, the yellow split peas segment accounted for the largest revenue share through the forecast period. The nutritional value of pea protein products is increased by their high protein content, which makes them a perfect source for pea protein extraction. Customers looking for foods high in protein will find this appealing, particularly when following a plant-based diet. Yellow split peas can be used in a wide variety of food applications, from soups and salads to baked products, which makes it easier to create a wide variety of pea protein-based dishes.

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North America is estimated to hold the largest share of the pea protein market over the forecast period.

North America is estimated to hold the largest share of the pea protein market over the forecast period. The growing demand for plant-based products has been recognized by major regional merchants and food chains, resulting in more shelf space and product selections that include pea protein. Owing to pea protein-based products are widely available in supermarkets, health food stores, and online marketplaces, people may now easily obtain and sample them. The need for pea protein is also being increased by the food service sector, which includes cafes, restaurants, and fast-food chains, which are progressively providing plant-based options to satisfy customers’ expanding tastes. Pea protein is thought to be a healthier substitute for animal-based proteins since it is high in key amino acids, low in fat, and cholesterol-free. Being hypoallergenic, pea protein is also appropriate for those who have sensitivity or allergy to typical proteins such as gluten, dairy, or soy. Pea protein is becoming more and more in demand as health and fitness become more important.

Europe is predicted to have the highest CAGR growth in the pea protein market over the forecast period. The promotion of plant-based diets and fitness regimens by well-known athletes, celebrities, and influencers shapes consumer preferences and raises awareness of pea protein products. The increasing demand for pea protein is partly a result of documentaries and social media campaigns that highlight the environmental and health advantages of a plant-based diet. The market is growing generally as a result of the rising awareness of plant-based consumption and the encouragement of customers to try pea protein products. The UK’s food service sector is responding to the growing demand for greener, healthier, and allergy-friendly cuisine by adding more plant-based options to its menus.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global medical device regulatory affairs market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the pea protein market include Burcon, Roquette Frères, The Green Labs LLC., The Scoular Company, Louis Dreyfus Company (LDC), COSUCRA., CosucraGroupeWarcoing, Nutri-Pea, Shandong Jianyuan Group, SOTEXPRO, Ingredion., Axiom Foods, Inc., FENCHEM, Martin & Pleasance, BurconNutrascience Corp, and Others

Recent Developments

• In April 2024, Highland Spring made a GBP 10 million investment in a unique product that blends peanut butter and pea protein. This is indicative of an industry-wide trend toward innovation and investment in new food products.

• In March 2024, GreenVenus partnered with Plant Research (NZ) to create climate-resilient field peas for clean protein market solutions in pet food and human nutrition.

 Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the pea protein market based on the below-mentioned segments:

By Product

• Isolates
• Concentrates
• Textured
• Hydrolysates

By Form

• Dry
• Wet

By Source

• Yellow Split Peas
• Others

By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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