According to Custom Market Insights (CMI), the global pea protein market was estimated at approximately USD 2.3 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13% from 2022 to 2030. By 2030, the market is projected to reach around USD 6.8 billion. The report provides an in-depth examination of the drivers and restraints impacting the pea protein market, along with their corresponding impact analysis. It also identifies and highlights the global opportunities prevailing in the pea protein sector.

Pea Protein Market Overview

Pea protein is a high-quality, plant-based protein that is commonly derived from yellow peas. It is known for enhancing the nutritional profile of foods and dietary supplements, particularly those that are protein-fortified. Pea protein offers several health benefits, such as improving blood circulation, lowering high cholesterol levels, increasing metabolism, and enhancing physical strength.

Due to its superior protein content, availability, and affordability, pea protein is emerging as a preferred alternative to traditional proteins like animal, wheat, and soy protein. It provides essential amino acids, vitamins, and minerals, making it one of the best protein sources for vegans and vegetarians alike.

Pea protein is gaining popularity among consumers seeking gluten-free products, and it is also favored by individuals with lactose intolerance or other metabolic conditions. With all these health advantages, the global pea protein market is expected to experience robust growth.

For more comprehensive insights, you can explore the full report, “Pea Protein Market By Product Type (Isolates, Concentrate, Textured), By Application (Dietary Supplements, Beverages, Meat Substitutes, Baked Goods, Others), By Form (Dry, Liquid), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030.” The full report can be accessed at: https://www.custommarketinsights.com/report/pea-protein-market/

Growth Factors

Rising Awareness for Plant-Based Protein Drives the Pea Protein Market

The pea protein market is expanding primarily due to growing consumer awareness about the benefits of maintaining a balanced diet and the increasing emphasis on health consciousness. A rising trend in the adoption of flexitarian diets, driven by knowledge about the negative effects of red meat consumption on heart health, is positively influencing the growth of this market.

There is also an increasing concern over the harmful effects of food products containing gluten and lactose, which is expected to further propel the market during the forecast period. Moreover, a growing number of flexitarians and vegans are contributing to the expansion of the pea protein market, as they seek plant-based alternatives to traditional proteins. As the demand for protein-enriched food items rises, numerous food and beverage companies worldwide are launching new products based on pea protein to meet this consumer demand.

Segmental Overview

Dominance of the Isolate Category

The pea protein market is predominantly driven by the isolate category, which is anticipated to lead the market in the coming years. The increasing awareness of the benefits of pea protein isolates, along with their high protein content, has resulted in a greater global adoption of these isolates. These pea protein isolates are particularly favored for use in vegan protein powders, snack bars, and plant-based meats, making them a central component of the market's expansion.

Based on application, the dietary supplement segment is expected to dominate the pea protein market throughout the forecast period, owing to the high demand for nutritional supplements across various consumer segments.

You can also get a free sample copy of the report at: https://www.custommarketinsights.com/request-for-free-sample/?reportid=16673

Regional Overview

High Demand for Pea Protein in the Asia-Pacific Region

The Asia-Pacific region is expected to experience a strong growth rate in the pea protein market over the course of the study. Key factors driving this growth include the increasing consumption of functional foods in major emerging markets such as South Korea, China, and India. Additionally, the burgeoning food and supplement industries in this region are anticipated to play a crucial role in accelerating the market expansion.

Key Players Insights

The market analysis includes a section dedicated to the key players operating in the pea protein market. Analysts provide an overview of each player’s financial performance, along with product benchmarking and SWOT analysis. The competitive landscape section covers key development strategies, market share analysis, and market positioning of the major competitors operating in the global market.

Some of the prominent players in the pea protein market include:

  • Sotexpro SA

  • Roquette Freres, Warcoing SA

  • Puris Protein LLC

  • Ingredion Inc.

  • Axiom Foods Inc.

  • The Scoular Company

  • Cosucra Groupe, Nutri-Pea Limited

  • Cargill Inc.

  • Kerry Inc.

  • Growing Naturals LLC

  • Avebe

  • A&B Ingredients

  • Glanbia plc

Report Highlights

By Service Type

The pea protein market is segmented by product type into isolates, concentrate, and textured variants. Among these, the isolate category dominates the market, primarily due to the increasing recognition of the advantages of pea protein isolates, which are rich in protein and have various health benefits. The growing adoption of pea protein isolates in vegan protein powders, plant-based meats, and snack bars supports their widespread use.

By Application

The pea protein market is also categorized based on application into dietary supplements, beverages, meat substitutes, baked goods, and others. Among these applications, dietary supplements are expected to maintain a dominant position in the market, driven by the increasing consumer demand for protein supplementation in various food products.

https://www.custommarketinsights.com/report/pea-protein-market/