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Pea Protein Market Size By Product (Isolate, Concentrate, Textured), By Application (Meat Substitutes, Nutraceuticals, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market 2021- 2027

  • Report ID: GMI362
  • Published Date: May 2021
  • Report Format: PDF

Industry Trends

Pea Protein Market size exceeded USD 145 million in 2020 and is estimated to grow at over 12% CAGR between 2021 and 2027. Growing consumer preference towards vegetarian and vegan diets along with rising awareness about health benefits offered by regular product consumption such as it helps in maintaining heart health, promotes appetite control and helps in weight loss, will propel the pea protein industry demand over the forecast period.

Pea Protein Market

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Rising awareness regarding high protein intake in everyday life along with its functional benefits such as it reduces appetite and hunger levels resulting in weight loss, increases muscle mass and strength, bolsters immune health, transports, and stores nutrients, provides energy, and maintains bone health will enhance product demand.

Pea production provides various environmental benefits as compared to wheat crops such as low energy consumption and CO2 emissions. The Centres for Disease Control and Prevention recommends a daily protein consumption of 0.8 grams per kg body weight which amounts to 56 grams per day for men and 46 grams for women.

Pea protein solutions are widely used in manufacturing vegetarian powder solutions owing to its rich concentration of small and long brand chained amino acids. Consumers are rapidly adopting high quality pea protein solutions owing to changing dietary patterns which are likely to augment market share. These products are rich in amino acids, low in carbohydrates, vegan, gluten free, lactose free and non-dairy products promoting a healthy protein intake.

Emerging trend of healthy lifestyle have increased consumer preferences towards healthy eating. Excessive consumption of meat and meat products has resulted in increasing risk of cancer, heart diseases, and obesity. Thus, the health-conscious consumers in developed countries such as the U.S., Canada, Germany, France, UK, and Australia are opting for vegan diet. This trend has further propelled the demand for pea protein products. Furthermore, consumers have shifted their interests towards preventive healthcare which requires daily functional food and dietary supplements consumption to improve immune system against diseases. These factors should further boost pea protein market outlook.

Strong application outlook in processed food should fuel the demand for Isolate pea protein product over the forecast period

Isolate Pea Protein Market

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The demand for pea protein isolate is anticipated to surpass USD 140 million by 2027. Isolate segment of pea protein market may witness steady gains over the forecast timeframe. Growing product adoption in bakery products, snacks and beverages should stimulate the segmental growth. These isolates are widely used in the formulation of meat substitutes providing benefits such as good emulsification, high content of amino acids and high solubility characteristics thereby promoting its usage. It is a Non-GMO, high protein plant-based ingredient used to boost protein content in various applications such as beverages, bakery, and snacks. These are also used as substitutes for eggs in dressings, pasta, breading, dairy, and coatings.

Rising demand for plant-based food products should lead to an upsurge in the requirement for pea protein in meat substitutes application

Pea protein Market

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Pea protein market from meat substitutes application surpassed USD 50 million in 2020 and is anticipated to register over 13% CAGR in the forecast period. Rising demand for plant-based food product should lead to an increase in the demand for meat substitute over the forecast period. The adoption of the product for producing meat substitutes products such as burger patties and minced meat is growing over the past few years due to low processing costs and simple storage options. In addition, growing concerns for meat allergies among the consumers should led to increasing consumption of isolates as an ideal food for those who do not consume animal-based protein. Hence these factors propel the demand for the product in the meat substitute application.

Growing demand for plant-based products along with upsurge in health cautious consumers will boost the demand for pea protein products. Plant-based food products are gaining popularity among consumers following a strict vegetarian diet as these are considered as the best alternative to meat products. Factors such as significant shift of consumers towards sustainable and healthy lifestyle along with increasing focus towards protecting animals and preserving the environment have boosted the sale of plant-based food products. Therefore, rising demand for plant-based food products is boosting the demand for pea protein globally.

Booming bakery industry in North America should augment the pea protein market forecasts

North America Pea Protein Market

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North America pea protein market is projected to register over 10.5% CAGR from 2021 to 2027 owing to well-established bakery industry in the region. Rising demand for convenience food products due to hectic lifestyle of the consumers and increase in working population are the major factors leading to rapid growth in North American bakery industry. Moreover, growing trend of out-of-home food consumption should propel the bakery sector growth in the region. Therefore, the booming bakery industry in U.S. and Canada is anticipated to propel the regional market statistics.

Strategic acquisitions and Mergers among industry participants to accelerate pea protein market competitiveness

Global pea protein market is moderately consolidated owing to presence of limited industry players. The key player in the market includes Roquette Frerers, The Scoular Company, Glanbia Nutritionals, Cosucra-Groupe Warcoing, Shandong Jianyuan Group, and Glanbia Plc. The key market participants are implementing various strategies includes new product launches, expansion of production capacity, acquisitions, and mergers in order to increase the business share and to tap the growth opportunities in the market.

For instance, in 2019, Roquette expanded its pea processing capacity of 250,000 tons per year by opening two sites in North America (Manitoba and Canada) and in Europe (Vic-sur-Aisne and France) which will provide expansion of NUTRALYS pea protein worldwide.

Global pea protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons, and revenue in USD Million from 2016 to 2027 for the following segments:

By Product

  • Isolates
  • Concentrate
  • Textured

By End Use

  • Meat substitutes
  • Nutraceuticals
  • Sports Supplements
  • Others (bakery products, confectionary, cereals & snacks and beverages)

By Region

  • North America 
    •  U.S
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Poland 
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand 
  • Latin America 
    • Brazil
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa


Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market size for pea protein had surpassed USD 145 million in 2020 and will record a CAGR of over 12% through 2027 owing to rising consumer preference towards vegetarian and vegan diets driven by growing health awareness in the region.

Pea protein isolate segment will record a valuation of over USD 140 million by 2027 on account of increasing demand across bakery products, snacks, and beverages.

Pea protein industry from meat substitutes application recorded a valuation of over USD 50 million in 2020 and will witness a CAGR of over 13% through 2027.

North America market for pea protein will register a CAGR of over 10.5% through 2027 owing to the presence of well-established bakery industry and growing demand for convenience food products in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 13
  • Tables & Figures: 206
  • Countries covered: 21
  • Pages: 180

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