Pea Protein Market is projected to reach USD 3.1 Billion by 2030, growing at a CAGR of 12.1%
Research Reports
Aug 20, 2023
Market Research Future Insights
According to MRFR analysis, the global Pea Protein market is expected to register a CAGR of 12.1% from 2022 to 2030 and hold a value of over USD 3.1 billion by 2030.
Pea protein is making waves as a powerful alternative to traditional animal-based protein sources. Derived from yellow peas, this protein is not only rich in essential amino acids but also boasts an impressive nutritional profile. It’s an excellent source of protein for those seeking to meet their dietary needs while adhering to vegetarian, vegan, or allergen-free lifestyles.
The pea protein market isn’t just about meeting nutritional needs; it’s about embracing a lifestyle that resonates with a growing population of conscious consumers. As more individuals seek ethical choices that support both their health and the environment, pea protein stands as a beacon of progress in the food industry.
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Key Players
Some of the key market players are A&B Ingredients, Axiom Foods Inc, Ingredion Corporation, Cosucra Groupe Warcoing, GEMEF Industries, Glanbia Plc, Green Labs, Roquette Frères, AGT Food and Ingredients, Yantai Shuangta Food Co. Ltd.
Market Segmentation
The Global Pea Protein market has been segmented into Type, Source, Category, and Application
Based on the Type, the market has been segmented into Concentrate, Isolate, Textured.
Based on the Source, the market has been segmented into Yellow Spit Pea, Chickpea, Lentils
Based on the Application, the market has been segmented into Dietary supplement, Bakery & confectionery good, Meat products & alternative, Beverage
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Regional Analysis
In North America, the United States is the largest market for pea protein, followed by Canada. The increasing demand for plant-based protein sources and the growing trend of vegetarian and vegan diets are driving the growth of the pea protein market in these countries
In E.urope, countries like Germany, the United Kingdom, and France are leading the pea protein market due to the increasing demand for plant-based protein sources, particularly among millennials and the younger population. The pea protein market in Europe is also driven by the growing trend of health and wellness and the increasing awareness of the environmental impact of animal-based protein sources.
The Asia Pacific region is also a significant market for pea protein, with increasing demand in countries like China, Japan, and Australia. The growing trend of health and wellness and the increasing awareness of the benefits of plant-based protein sources are driving the growth of the pea protein market in these countries.
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