Pea Protein Market Research Report—Global Forecast till 2030

Pea Protein Market Research Report: Information By Type (Concentrate, Isolate, Textured), By Source (Yellow Spit Pea, Chickpea, Lentils), By Application (Dietary supplement, Bakery & confectionery good, Meat products & alternative, Beverage), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/9359-HCR | June 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.1.1. Raw Material Suppliers

4.1.2. Manufacturers/Producers

4.1.3. Distributors, Retailers, and Wholesalers

4.1.4. Applications

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitutes

4.2.5. Internal Rivalry

4.3. Impact of COVID-19 on Global Pea Protein Market

4.3.1. Impact on Production

4.3.2. Impact on Raw Material Availability

4.3.3. Impact on Store Vs Online Sales

4.3.4. Impact on Pricing

4.3.5. Others

5. MARKET DYNAMICS OF THE GLOBAL PEA PROTEIN MARKET

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

6. GLOBAL PEA PROTEIN MARKET, BY TYPE

6.1. Introduction

6.2. Concentrate

6.2.1. Market Estimates & Forecast, 2020-2030

6.2.2. Market Estimates & Forecast, by Region, 2020-2030

6.3. Isolate

6.3.1. Market Estimates & Forecast, 2020-2030

6.3.2. Market Estimates & Forecast, by Region, 2020-2030

6.4. Textured

6.4.1. Market Estimates & Forecast, 2020-2030

6.4.2. Market Estimates & Forecast, by Region, 2020-2030

7. GLOBAL PEA PROTEIN MARKET, BY SOURCE

7.1. Introduction

7.2. Yellow Spit Pea

7.2.1. Market Estimates & Forecast, 2020-2030

7.2.2. Market Estimates & Forecast, by Region, 2020-2030

7.3. Chickpea

7.3.1. Market Estimates & Forecast, 2020-2030

7.3.2. Market Estimates & Forecast, by Region, 2020-2030

7.4. Lentils

7.4.1. Market Estimates & Forecast, 2020-2030

7.4.2. Market Estimates & Forecast, by Region, 2020-2030

8. GLOBAL PEA PROTEIN MARKET, BY APPLICATION

8.1. Introduction

8.2. Dietary supplement

8.2.1. Market Estimates & Forecast, 2020-2030

8.2.2. Market Estimates & Forecast, by Region, 2020-2030

8.3. Bakery & confectionery good

8.3.1. Market Estimates & Forecast, 2020-2030

8.3.2. Market Estimates & Forecast, by Region, 2020-2030

8.4. Meat products & alternative

8.4.1. Market Estimates & Forecast, 2020-2030

8.4.2. Market Estimates & Forecast, by Region, 2020-2030

8.5. Beverage

8.5.1. Market Estimates & Forecast, 2020-2030

8.5.2. Market Estimates & Forecast, by Region, 2020-2030

8.6. Others

8.6.1. Market Estimates & Forecast, 2020-2030

8.6.2. Market Estimates & Forecast, by Region, 2020-2030

9. GLOBAL PEA PROTEIN MARKET, BY REGION

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, 2020-2030

9.2.2. Market Estimates & Forecast, by Product Type, 2020-2030

9.2.3. Market Estimates & Forecast, by Source, 2020-2030

9.2.4. Market Estimates & Forecast, by Application, 2020-2030

9.2.5. Market Estimates & Forecast, by Country, 2020-2030

9.2.6. US

9.2.6.1. Market Estimates & Forecast, by Type, 2020-2030

9.2.6.2. Market Estimates & Forecast, by Source, 2020-2030

9.2.6.3. Market Estimates & Forecast, by Application, 2020-2030

9.2.7. Canada

9.2.7.1. Market Estimates & Forecast, by Type, 2020-2030

9.2.7.2. Market Estimates & Forecast, by Source, 2020-2030

9.2.7.3. Market Estimates & Forecast, by Application, 2020-2030

9.2.8. Mexico

9.2.8.1. Market Estimates & Forecast, by Type, 2020-2030

9.2.8.2. Market Estimates & Forecast, by Source, 2020-2030

9.2.8.3. Market Estimates & Forecast, by Application, 2020-2030

9.3. Europe

9.3.1. Market Estimates & Forecast, 2020-2030

9.3.2. Market Estimates & Forecast, by Type, 2020-2030

9.3.3. Market Estimates & Forecast, by Source, 2020-2030

9.3.4. Market Estimates & Forecast, by Application, 2020-2030

9.3.5. Market Estimates & Forecast, by Country, 2020-2030

9.3.6. Germany

9.3.6.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.6.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.6.3. Market Estimates & Forecast, by Application, 2020-2030

9.3.7. UK

9.3.7.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.7.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.7.3. Market Estimates & Forecast, by Application, 2020-2030

9.3.8. France

9.3.8.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.8.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.8.3. Market Estimates & Forecast, by Application, 2020-2030

9.3.9. Spain

9.3.9.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.9.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.9.3. Market Estimates & Forecast, by Application, 2020-2030

9.3.10. Italy

9.3.10.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.10.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.10.3. Market Estimates & Forecast, by Application, 2020-2030

9.3.11. Rest of Europe

9.3.11.1. Market Estimates & Forecast, by Type, 2020-2030

9.3.11.2. Market Estimates & Forecast, by Source, 2020-2030

9.3.11.3. Market Estimates & Forecast, by Application, 2020-2030

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, 2020-2030

9.4.2. Market Estimates & Forecast, by Type, 2020-2030

9.4.3. Market Estimates & Forecast, by Source, 2020-2030

9.4.4. Market Estimates & Forecast, by Application, 2020-2030

9.4.5. Market Estimates & Forecast, by Country, 2020-2030

9.4.6. China

9.4.6.1. Market Estimates & Forecast, by Type, 2020-2030

9.4.6.2. Market Estimates & Forecast, by Source, 2020-2030

9.4.6.3. Market Estimates & Forecast, by Application, 2020-2030

9.4.7. Japan

9.4.7.1. Market Estimates & Forecast, by Type, 2020-2030

9.4.7.2. Market Estimates & Forecast, by Source, 2020-2030

9.4.7.3. Market Estimates & Forecast, by Application, 2020-2030

9.4.8. India

9.4.8.1. Market Estimates & Forecast, by Type, 2020-2030

9.4.8.2. Market Estimates & Forecast, by Source, 2020-2030

9.4.8.3. Market Estimates & Forecast, by Application, 2020-2030

9.4.9. Australia & New Zealand

9.4.9.1. Market Estimates & Forecast, by Type, 2020-2030

9.4.9.2. Market Estimates & Forecast, by Source, 2020-2030

9.4.9.3. Market Estimates & Forecast, by Application, 2020-2030

9.4.10. Rest of Asia-Pacific

9.4.10.1. Market Estimates & Forecast, by Type, 2020-2030

9.4.10.2. Market Estimates & Forecast, by Source, 2020-2030

9.4.10.3. Market Estimates & Forecast, by Application, 2020-2030

9.5. Rest of the World

9.5.1. Market Estimates & Forecast, 2020-2030

9.5.2. Market Estimates & Forecast, by Type, 2020-2030

9.5.3. Market Estimates & Forecast, by Source, 2020-2030

9.5.4. Market Estimates & Forecast, by Application, 2020-2030

9.5.5. Market Estimates & Forecast, by Region, 2020-2030

9.5.6. South America

9.5.6.1. Market Estimates & Forecast, by Type, 2020-2030

9.5.6.2. Market Estimates & Forecast, by Source, 2020-2030

9.5.6.3. Market Estimates & Forecast, by Application, 2020-2030

9.5.7. Middle East

9.5.7.1. Market Estimates & Forecast, by Type, 2020-2030

9.5.7.2. Market Estimates & Forecast, by Source, 2020-2030

9.5.7.3. Market Estimates & Forecast, by Application, 2020-2030

9.5.8. Africa

9.5.8.1. Market Estimates & Forecast, by Type, 2020-2030

9.5.8.2. Market Estimates & Forecast, by Source, 2020-2030

9.5.8.3. Market Estimates & Forecast, by Application, 2020-2030

10. COMPETITIVE LANDSCAPE

10.1. Introduction

10.2. Market Strategy

10.3. Company Share Analysis, 2021

10.4. Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Service Developments/Agreements/Investments)

11. COMPANY PROFILES

11.1. A&B Ingredients

11.1.1. Company Overview

11.1.2. Financial Updates

11.1.3. Business Segment Overview

11.1.4. Strategies

11.1.5. Key Developments

11.1.6. SWOT Analysis

11.2. Axiom Foods, Inc.

11.2.1. Company Overview

11.2.2. Financial Updates

11.2.3. Business Segment Overview

11.2.4. Strategies

11.2.5. Key Developments

11.2.6. SWOT Analysis

11.3. Ingredion Corporation

11.3.1. Company Overview

11.3.2. Financial Updates

11.3.3. Business Segment Overview

11.3.4. Strategies

11.3.5. Key Developments

11.3.6. SWOT Analysis

11.4. Cosucra Groupe Warcoing

11.4.1. Company Overview

11.4.2. Financial Updates

11.4.3. Business Segment Overview

11.4.4. Strategies

11.4.5. Key Developments

11.4.6. SWOT Analysis

11.5. GEMEF Industries

11.5.1. Company Overview

11.5.2. Financial Updates

11.5.3. Business Segment Overview

11.5.4. Strategies

11.5.5. Key Developments

11.5.6. SWOT Analysis

11.6. Glanbia Plc.

11.6.1. Company Overview

11.6.2. Financial Updates

11.6.3. Business Segment Overview

11.6.4. Strategies

11.6.5. Key Developments

11.6.6. SWOT Analysis

11.7. Green Labs

11.7.1. Company Overview

11.7.2. Financial Updates

11.7.3. Business Segment Overview

11.7.4. Strategies

11.7.5. Key Developments

11.7.6. SWOT Analysis

11.8. Roquette Frères

11.8.1. Company Overview

11.8.2. Financial Updates

11.8.3. Business Segment Overview

11.8.4. Strategies

11.8.5. Key Developments

11.8.6. SWOT Analysis

11.9. AGT Food and Ingredients

11.9.1. Company Overview

11.9.2. Financial Updates

11.9.3. Business Segment Overview

11.9.4. Strategies

11.9.5. Key Developments

11.9.6. SWOT Analysis

11.10. Yantai Shuangta Food Co.,Ltd.

11.10.1. Company Overview

11.10.2. Financial Updates

11.10.3. Business Segment Overview

11.10.4. Strategies

11.10.5. Key Developments

11.10.6. SWOT Analysis

12. CONCLUSION

LIST OF TABLES

TABLE 1 Global Pea Protein Market, by Region, 2020-2030 (USD Million)

TABLE 2 Global Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 3 Global Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 4 Global Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 5 North America: Pea Protein Market, by Country, 2020-2030 (USD Million)

TABLE 6 North America: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 7 North America: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 8 North America: Pea Protein Market, by Application, 2020-2030 (USD Million

TABLE 9 US: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 10 US: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 11 US: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 12 Canada: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 13 Canada: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 14 Canada: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 15 Mexico: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 16 Mexico: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 17 Mexico: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 18 Europe: Pea Protein Market, by Country, 2020-2030 (USD Million)

TABLE 19 Europe: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 20 Europe: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 21 Europe: Pea Protein Market, by Distribution Channel, 2020-2030 (USD Million)

TABLE 22 Germany: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 23 Germany: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 24 Germany: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 25 France: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 26 France: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 27 France: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 28 Italy: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 29 Italy: Pea Protein Market, by Source, 2020-2030 (USD Million)\

TABLE 30 Italy: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 31 Spain: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 32 Spain: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 33 Spain: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 34 UK: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 35 UK: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 36 UK: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 37 Rest of Europe: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 38 Rest of Europe: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 39 Rest of Europe: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 40 Asia-Pacific: Pea Protein Market, by Country, 2020-2030 (USD Million)

TABLE 41 Asia-Pacific: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 42 Asia-Pacific: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 43 Asia-Pacific: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 44 China: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 45 China: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 46 China: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 47 India: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 48 India: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 49 India: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 50 Japan: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 51 Japan: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 52 Japan: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 53 Australia & New Zealand: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 54 Australia & New Zealand: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 55 Australia & New Zealand: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 56 Rest of Asia-Pacific: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 57 Rest of Asia-Pacific: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 58 Rest of Asia-Pacific: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 59 Rest of the World (RoW): Pea Protein Market, by Region, 2020-2030 (USD Million)

TABLE 60 Rest of the World (RoW): Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 61 Rest of the World (RoW): Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 62 Rest of the World (RoW): Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 63 South America: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 64 South America: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 65 South America: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 66 Middle East: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 67 Middle East: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 68 Middle East: Pea Protein Market, by Application, 2020-2030 (USD Million)

TABLE 69 Africa: Pea Protein Market, by Type, 2020-2030 (USD Million)

TABLE 70 Africa: Pea Protein Market, by Source, 2020-2030 (USD Million)

TABLE 71 Africa: Pea Protein Market, by Application, 2020-2030 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Pea Protein Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Pea Protein Market

FIGURE 4 Value Chain of the Global Pea Protein Market

FIGURE 5 Share of the Global Pea Protein Market in 2020, by Country (%)

FIGURE 6 Global Pea Protein Market, by Region, 2020-2030,

FIGURE 7 Global Pea Protein Market Share, by Type, 2021 (%)

FIGURE 8 Global Pea Protein Market, by Type, 2020-2030

FIGURE 7 Global Pea Protein Market Share, by Source, 2021 (%)

FIGURE 8 Global Pea Protein Market, by Source, 2020-2030

FIGURE 7 Global Pea Protein Market Share, by Application, 2021 (%)

FIGURE 8 Global Pea Protein Market, by Application, 2020-2030

Pea Protein Market

Pea Protein Market Size is anticipated to reach USD 3.1 Billion by 2030, registering a CAGR of 12.1% during 2022-2030.

Segmentation

By Type Concentrate Isolate Textured
By Source Yellow Spit Pea Chickpea Lentils
By Application Dietary Supplement Bakery & Confectionery Goods Meat Products & Alternative Beverage Others
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • 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

Drivers

  • The Rising Popularity of Plant-Based Products
Speak to Analyst Request a Free Sample

Pea Protein Market Overview


The global pea protein market size is projected to witness growth at a CAGR of 12.1% from 2022 to 2030. Pea protein is derived from green and yellow peas and is found in a variety of protein supplements and cuisines. Pea protein consists of all of the amino acids that the body needs to function properly. It helps to increase blood circulation and calcium absorption, as also weight management, metabolism, muscular maintenance, and blood sugar regulation. Pea protein is milk protein and vegan, making it suitable for anyone with dairy and egg allergies or sensitivities. As a result, vegetarians and vegans prefer pea protein supplements to dairy protein supplements such as casein, eggs, whey proteins, and meat.


COVID-19 Impact Analysis


The COVID-19 pandemic had a significant impact on the end-users of the pea protein market, leading to a reduction in the demand for these products. The enforcement of lockdowns in global marketplaces in 2020 initially had a severe impact on the business of many large-scale food and beverage merchants. Sales were down for a brief period. However, as the market for online food and grocery purchases grew in the mid-2020s, these sales swiftly recovered. Because they were still under lockdown, they put a greater emphasis on eating healthful and nutritious foods. Furthermore, governments in many worldwide regions took steps to maintain food security in their particular countries and regions, which kept the food sector industries afloat.


Market Dynamics


The expanding popularity of plant-based products, increased health consciousness, and many health benefits are driving the food industry. The market's growth is expected to be hampered by the Futility cost of raw materials and formulation issues in pea protein products. Then increased emphasis on R&D of improved pea protein extracts and products will create a lot of opportunities for the market in the future.


Drivers


  • The rising popularity of plant-based products


Various food products such as beef patties and sausages are being substituted with plant-based/plant-infused meat products as a result of increased consumer health consciousness, which is predicted to raise demand for pea proteins. During the forecast period, the increase in the vegan and flexitarian population is expected to drive the growth of the plant-based protein market. The Vegan Trademark is registered in major countries worldwide, with over half of all products registered coming from companies based outside of the UK. Various food joints such as Burger King, Nestie New Look, and Alpro had launched a wide range of plant-based food products option. As a result, pea protein has recently been gaining a lot of interest from consumers as an alternative protein source.


Restraint:


  • Futility cost of raw material


Pea production was hampered in France, where the crops were severely damaged during harvest due to the wet season. The sector is struggling with the effects of a pea scarcity as worldwide demand for peas continues to rise, with numerous new plant-based food products entering the market in various forms. The huge increase in prices is expected to inevitably result in costs being passed on to customers. As a result of the uncertain supply of raw materials and growing prices, the market faces growth constraints.


Opportunity:



  • Increased emphasis on R&D of improved pea protein extracts and products 


From the peas cultivated in the field to the technology for extracting the protein, food tech businesses optimize the ingredient at every stage of production in the hopes of appealing to plant-based meat makers. Many consumers consider maximum protein content to be a major element when selecting a product; as a result, corporations are attempting to increase the number of proteins extracted from raw materials to include as many as possible in their final goods. The corporations are concentrating their efforts on two essential characteristics: nutritional density and flavor.


Segment Overview


By Type


Based on type, the global pea protein market has been divided into concentrate, isolate, and textured. The global market for pea protein is dominated by the isolated pea protein segment. With the increased knowledge of the benefits connected with pea protein isolates and their high protein content, their use has been steadily expanding in the global market.


By Source


Based on source, the global pea protein market has been divided into yellow spit pea, chickpea, and lentils. Yellow split peas dominate the global pea protein market as the most preferred pea source by product manufacturers. Since the versatility and flexibility of peas in many product types, demand for yellow split peas is increasing in a variety of goods, including plant-based meat, drinks, functional foods, and performance nutrition.


By Application


Based on application, the global pea protein market has been divided into dietary supplements, bakery & confectionery goods, meat products & alternatives, beverages, and others. The dietary supplement segment is expected to be the fastest-growing market for pea protein during the study period. Features such as a rich amino-acid profile, strong emulsification, outstanding water-binding properties, and high solubility have enhanced its rate of adoption in food items in recent years, and it is inclined to maintain growth at a quick pace.


Regional Analysis


The global pea protein market has been segmented into four regions: North America, Europe, Asia-Pacific, and the Rest of the World. North America held the largest share of the market in the year 2021. During the study period, the Asia-Pacific region is expected to grow at the highest CAGR in the pea protein market.


North America Market


The global pea protein market was dominated by North America, which accounted for a substantial portion of global revenue. Over the forecast years, the regional market is expected to be driven by rising demand for gluten-free products, raising concerns about cardiovascular diseases (CVDs) attributed to red meat consumption, and there will be vigorous growth of the sports nutrition market in North America.


Asia-Pacific Market


The Asia Pacific regional market is expected to be the fastest-growing in the pea protein market. Since expanding consumption of nutrient-fortified functional food items, and the growing demand for meat replacements, allergen-friendly sports, and fitness supplements are also predicted to drive market expansion. Favorable regulatory dispositions in India and China focused on agricultural growth will result in adequate raw material availability for industries.


Competitive Landscape


The pea protein market comprises various global as well as local players. Tier-1 and tier-2 players have a strong global footprint and wide range of products. Due to product differentiation, financial stability, strategic advancements, and a diverse regional presence, companies such as Roquette Frères, Axiom Foods Inc, Ingredion Corporation, and A&B Ingredients dominate the global pea protein market. The players are concentrating their efforts on research and development. They also use strategic growth activities including product launches, expansion, joint ventures, and collaboration to boost their market position and attract a big consumer base.


Prominent players in the global pea protein market include 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.


In December 2021, Ingredion Incorporated announced a joint venture with Grupo arcor. They agreed to pool their production knowledge, complementing geographic footprints, and marketing skills to increase their food and beverage ingredient supply to clients in Argentina, Chile, and Uruguay.


In September 2021, Ingredion announced they had signed an agreement of new ingredient distribution with Batory Foods. This agreement of distribution networks in the West and Central Midwest of the U.S makes it easier for food and beverage companies to access the ingredients they need to create and market their products.


In September 2021, Roquette Frères announced the establishment of a new center of excellence in Vic-Sur-Aisne, France. By focusing entirely on plant protein, this institute will broaden the range of options for food innovation, novel protein development, and new production methods.


Scope of the Report


Global Pea Protein Market, by Type



  • Concentrate

  • Isolate

  • Textured


Global Pea Protein Market, by Source 



  • Yellow Spit Pea

  • Chickpea

  • Lentils


Global Pea Protein Market, by Application 



  • Dietary supplement

  • Bakery & confectionery goods

  • Meat products & alternative

  • Beverage

  • Others


Global Pea Protein Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Market Size and Forecast:


To identify and estimate the market size for the global pea protein market segmented by type, source, application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Pea Protein from 2021 to 2030


Market Landscape and Trends:


To identify and infer, the drivers, restraints, opportunities, and challenges for the global pea protein market


Market Influencing Factors:


To find out the factors which are affecting the sales of pea protein among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the global pea protein market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Pea Protein Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD billion
  CAGR   12.1% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Source, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.
  Key Market Opportunities   Increased emphasis on R&D of improved pea protein extracts and products
  Key Market Drivers   The rising popularity of plant-based products


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The study period of the global pea protein market is 2020 - 2030

The global pea protein market is growing at a CAGR of ~ 12.1% over the next 7 years

Asia Pacific is expected to register the highest CAGR during 2022 - 2030

North America holds the largest share in 2021

Roquette Frères, Axiom Foods Inc, Ingredion Corporation, and A&B Ingredients are the major companies operating in the global Pea Protein market.