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Pea Protein Market Size - By Product (Isolate, Concentrate, Textured), By Application (Meat Substitutes, Nutraceuticals, Sports Supplements), Industry Analysis Report & Forecast, 2024 – 2032

  • Report ID: GMI362
  • Published Date: Mar 2023
  • Report Format: PDF

Pea Protein Market Size

Pea Protein Market size reached USD 200.5 million in 2023 and is poised to depict a 10.1% CAGR from 2024 to 2032, on account of the growing burden of celiac disease.
 

Pea Protein Market

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Consumers are shifting increasingly toward gluten-free diets to reduce weight and control the symptoms of celiac disease, which is highly prevalent in several developed economies such as America. Based on statistics from a Beyond Celiac report, approximately 3.2 million Americans are diagnosed with celiac disease. This high disease burden will promote the consumption of pea protein as a gluten-free protein source.

 

Pea Protein Market Analysis

Pea Protein Market Size, By Product, 2021 - 2032 (USD Million)

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Pea protein market value from the isolates product segment will register over 10% CAGR through 2032. Excellent emulsification, high amino acid content, and enhanced water-binding properties are among the key attributes bolstering the usage of pea protein isolates. Due to good solubility, varied isolate pea proteins have also been developed for wet applications, including plant-based milk beverages, clinical nutrition products, and egg-free glazing.
 

Pea Protein Market Revenue Share, By Application, (2023)

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Pea protein are widely used as meat substitutes due to growing vegetarian population. Vegetarian population is still struggling for fulfill their daily protein intake, as most protein sources are derived from animals. Moreover, eating a vegetarian diet can be very healthful and rewarding. Considering it’s a plant-based protein, the amino acid profile of pea protein is impressive. Also, the positive outlook on meat substitutes as a result of rising vegetarian population is set to have a positive impact on the industry growth. These attributes will amplify the usage of pea protein products in meat substitute for food. The pea protein for meat substitutes application in North America market is set to witness 11.6% CAGR during the forecast period.
 

Europe Pea Protein Ingredient Market Size, 2021- 2032 (USD Million)

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Europe pea protein market share is estimated to exhibit an 8.5% CAGR during the forecast period, given the rising consumption of healthy foods. Consumer demand for bread and other baked goods has also accelerated. Growing demand of ready to eat food due to high convenience, spiked in the demand for functional foods and health-conscious population contributes high demand for protein-rich foods, especially pea protein and related ingredients in Europe. These factors will escalate the use of ingredients such as pea protein in baked foods as a part of high-protein formulations and consequently.
 

Pea Protein Market Share

The competitive landscape of the pea protein market consists of companies such as :

  • Cosucra-Groupe Warcoing
  • Burcon Nutrascience Corporation
  • Roquette Freres
  • Farbest Tallman Foods Corporation
  • Shandong Jianyuan Group
  • The Scoular Company
  • Sotexpro
  • Yantai Oriental Protein Tech Co., Ltd.
  • Fenchem
  • Prinova Group LLC
  • Glanbia Plc
  • Martin & Pleasance.
     

These firms are focusing on product launches and business expansions to boost their footprint in the global market. For instance, In August 2020, Cosucra Inc, a subsidiary of Cosucra Groupe Warcoing SA, Warcoing, Belgium introduced a range of pea-based ingredients in the North America region. The products included Pisane M9 pea protein, Swelite C pea cell-wall fiber, Pisane C9, and Pisane B9.
 

Impact of COVID-19 Pandemic

The COVID-19 outbreak has emphasized the need for healthy eating and a strong immune system. The rising awareness of the importance of nutrient-rich diets during the pandemic will stimulate the intake of high-protein foods, including pea-based products. These ingredients are gaining rapid momentum as a solution to aid in tissue repair and growth and improve immunity. Corporate and investor interest in meat alternatives or plant-based proteins has also grown amid the pandemic.
 

This pea protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meter and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Product

  • Isolates
  • Concentrates
  • Textured

Market, By Application

  • Meat substitutes
  • Nutraceuticals
  • Sport supplements
  • Others

The above information has been provided for the following regions and countries:

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

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The trend in the pea protein market is showing strong growth, with a projected CAGR of over 10.1% until 2032. This is due to the increasing demand for plant-based protein products, as consumers become more health-conscious and aware of the environmental impact of animal-based protein production.
Pea protein industry size from nutraceuticals application segment is expected to surpass USD 65 million by 2032, as a result of changing lifestyles and the adoption of healthy eating patterns.
Europe pea protein industry share will exhibit an 8.5% CAGR through 2023-2032, given the high intake of protein-rich baked goods.
Cosucra-Groupe Warcoing, Shandong Jianyuan Group, The Scoular Company, Sotexpro, Yantai Oriental Protein Tech Co., Ltd., Fenchem, Prinova Group LLC, Glanbia Plc, and Martin & Pleasance are some of the prominent players in the pea protein business.

Pea Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 204
  • Countries covered: 21
  • Pages: 215
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