Pea Protein Market Analysis: Expected to Reach USD 1.31 Billion by 2030

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:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Pea Protein Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Pea Protein market by thorough analysis, and projections are made up to 2030.

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Pea Protein Market Scope and Methodology:

The Pea Protein market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Pea Protein market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Pea Protein market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Pea Protein market were developed. The study provides a thorough value chain analysis that clarifies the Pea Protein production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Pea Protein market on a global and micro level.

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Pea Protein Market Regional Insights :

The size and trends in the Pea Protein market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Pea Protein Market Segmentation:

by Type

Isolates
Concentrates
Textured

With over 58% of the entire revenue generated by the pea protein market, the isolates segment held the lion's share of the market in 2023. The yellow pea protein isolate, which is generally obtained from peas grown in North America or Europe, is the main focus of the isolates segment, which frequently makes up the greatest portion. To produce protein from pea isolate, the outer shell of the pea is typically removed in accordance with standard food industry processes before the pea is ground into flour. The other ingredients, such as fiber and starch, are removed by a second filtration procedure. This leaves behind a white precipitate, which is then distilled to create pea protein isolate, which is then used to make protein powder. Notably, the industrial manufacturing procedure used to produce pea protein isolate sets it unique from conventional pea protein.

by Source

Split yellow peas
Lentils
Chickpeas

by Application

Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages

by Form

Dry
Wet

According to form, the Wet category held the biggest market share for pea protein in 2023 and is predicted to expand at the fastest rate of growth (CAGR) between 2024 and 2029. Wet pea protein is used in baked foods, meat products, and confections as a texturizing agent. Wet pea protein's fibrous nature is also anticipated to encourage its integration into fruit juice blends and energy supplements.

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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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Key questions answered in the Pea Protein Market are:

What is Pea Protein?
What was the Pea Protein market size in 2023?
Which are the factors expected to drive the Pea Protein market growth?
Who are the leading companies and what are their portfolios in Pea Protein Market?
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 will be the CAGR at which the Pea Protein market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Pea Protein Market?
What are the different segments of the Pea Protein Market?
What is the growth rate of the Pea Protein Market?
What segments are covered in the Pea Protein Market?
Who are the key players in the Pea Protein market?
What are the key challenges and opportunities in the Pea Protein market?
Which application holds the highest potential in 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

About Maximize Market Research:

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