Global Textured Pea Protein Market Overview
Textured Pea Protein Market Size was estimated at 1.9 (USD Billion) in 2022. The Textured Pea Protein Industry is expected to grow from 2.1(USD Billion) in 2023 to 5.2 (USD Billion) by 2032. The Textured Pea Protein Market CAGR (growth rate) is expected to be around 10.62% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Textured Pea Protein Market Trends Highlighted
Due to rising worries about sustainability and the humane treatment of animals, the market for textured pea protein products is fueled by a growth in the adoption of plant-based protein alternatives. The expansion of the market is also fueled by new breakthroughs in the flavor and texture of the products. The growing trend of vegan and vegetarian food habits, the Rise in fortified and functional foods and beverages market, and Growing awareness of health in people are among the major drivers.
There is the potential to find out how to use the products in meat fill-ins and egg replacements. Further growth prospects lie in collaboration with the food industry in the quest to come up with innovative products. The market also enjoys benefits from policies that encourage the production of food that is based and eco-friendly.
Current developments involve the rising blending of pea proteins with other vegetable proteins to improve protein value and functional performance, low-fat pea proteins, and new extrusion processes that improve texture and taste. All these developments are creating a conducive environment for more people to accept newer and better plant-based foods.
Textured Pea Protein Market Drivers
Rising Demand for Plant-Based Protein
One of the robust growth drivers of the textured pea protein market is the increasing penetration of plant-based diets. With the adoption of vegan, vegetarian or flexitarian lifestyles gaining formidable traction, the clamor for alternative protein sources has surged massively. Textured pea protein is thus a highly nutritive and adaptable ingredient that finds extensive utilization in a variety of plant-based piths. For instance, plant-based meat alternatives such as burgers, sausages, nuggets and so forth can all be produced by means of this protein.This generates widespread demand for textured pea protein from both food manufacturers and end-users.
Increasing Awareness of Health Benefits
Consumers are becoming increasingly aware of the health benefits associated with plant-based proteins. Textured pea protein is a good source of protein, fiber, and iron, and it is low in fat and cholesterol. This makes it an ideal ingredient for health-conscious consumers who are looking for nutritious and sustainable food options. The growing popularity of textured pea protein in the sports nutrition market is also contributing to the growth of the overall market.
Technological Advancements
Moreover, the abrasive pea protein market is gaining from technological improvements that are permitting companies to generate higher-quality and more convenient abrasive pea protein items to offer at lower costs. Using new extrusion and texturization techniques, producers are achieving a meatier texture and flavor for their abrasive pea protein goods. Since then, textured pea protein has been appealing to more buyers who are seeking a meat substitute.
Textured Pea Protein Market Segment Insights
Textured Pea Protein Market Application Insights
The Textured Pea Protein Market is segmented into meat alternatives, dairy alternatives, bakery products, supplements and beverages, and pet food. Meat alternatives hold a significant market share and are projected to maintain their dominance over the forecast period. The rising demand for plant-based meat substitutes due to growing vegan and vegetarian populations, coupled with increasing health consciousness, is driving the growth of this segment. Dairy alternatives, such as plant-based milk, yogurt, and cheese, are witnessing a surge in popularity as consumers seek healthier and more sustainable options.Bakery products, including bread, cookies, and pastries, are incorporating textured pea protein as a plant-based source of protein and fiber, catering to the growing demand for healthier baked goods. Supplements and beverages, such as protein powders and meal replacement shakes, utilize textured pea protein for its high nutritional value and functionality. This growth is attributed to the increasing demand for plant-based protein sources, rising health awareness, and growing consumer preference for sustainable and natural food products. The market is expected to reach a valuation of 5.2 billion USD by 2032.Key industry players are focusing on innovation, product development, and strategic partnerships to meet the evolving demands of consumers and drive market expansion.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Textured Pea Protein Market Source Insights
Source Segment Insight and Overview The Textured Pea Protein Market is segmented based on source into Yellow Pea, Green Pea, and Other Peas. Yellow Pea holds the largest market share due to its high protein content, neutral taste, and wide availability. It is commonly used in meat alternatives, protein bars, and nutritional supplements. Green Pea is another significant source, offering a slightly sweeter taste and comparable protein content. It is often used in plant-based burgers, sausages, and dairy alternatives. Other Peas, including white peas and black-eyed peas, contribute a smaller share of the market but offer unique nutritional profiles and flavors.The growing demand for plant-based protein and the rising popularity of pea protein as a sustainable alternative are driving the growth of the Textured Pea Protein Market.
Textured Pea Protein Market Form Insights
The Textured Pea Protein Market is segmented by form into Dry Textured Pea Protein and Hydrated Textured Pea Protein. In 2023, the Dry Textured Pea Protein segment held a larger market share, accounting for approximately 60% of the market revenue. This dominance is attributed to its longer shelf life and ease of storage and transportation compared to Hydrated Textured Pea Protein. Dry Textured Pea Protein has a moisture content of less than 10%, making it more stable and less susceptible to microbial spoilage. The Hydrated Textured Pea Protein segment is projected to grow at a faster CAGR during the forecast period, owing to its superior functional properties and ease of use.Hydrated Textured Pea Protein has a moisture content of around 60-70%, which gives it a texture similar to meat, making it a popular choice for meat alternatives. It is also easier to use in various culinary applications, as it does not require rehydration before use. The overall Textured Pea Protein Market is expected to witness significant growth in the coming years, driven by increasing demand for plant-based protein sources and the growing popularity of meat alternatives. The market is projected to reach a valuation of approximately USD 5.2 billion by 2032, expanding at a CAGR of 10.62% from 2024 to 2032.
Textured Pea Protein Market Texture Insights
The textured pea protein market is segmented based on texture into chunks, flakes, powder, and minces. Among these, the flakes segment held the largest market share in 2023 and is expected to maintain its dominance over the forecast period. The growing demand for textured pea protein flakes in meat alternatives, such as veggie burgers and sausages, is driving the growth of this segment. The powder segment is expected to witness the highest CAGR over the forecast period. Textured pea protein powder is gaining popularity as a plant-based ingredient in protein shakes, smoothies, and other nutritional products.The rising trend of veganism and flexitarianism is fueling the demand for textured pea protein powder. The chunks and minces segments are also expected to grow steadily over the forecast period. Textured pea protein chunks are used in products such as plant-based chicken nuggets and tenders, while minces are used in products such as plant-based ground beef and sausage. The increasing availability of these products in retail and food service channels is driving the growth of these segments.
Textured Pea Protein Market Organic Certification Insights
The organic certification segment of the Textured Pea Protein Market is projected to grow significantly in the coming years. In 2023, the organic certification segment accounted for approximately 30% of the textured pea protein market revenue. The increasing consumer demand for organic and sustainable products is driving the growth of this segment. Consumers are becoming more aware of the health and environmental benefits of organic products, and they are willing to pay a premium for these products. As a result, food manufacturers are increasingly offering organic textured pea protein products to meet this demand.The increasing demand for plant-based proteins and the growing popularity of organic products are major factors driving the growth of the textured pea protein market.
Textured Pea Protein Market Regional Insights
The Textured Pea Protein Market is segmented into North America, Europe, APAC, South America, and MEA. North America dominates the market with a significant share due to the presence of major manufacturers and increasing demand for plant-based proteins. Europe is the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to rising awareness about health and wellness and increasing disposable incomes. South America and MEA are expected to contribute a smaller share to the overall market.The Textured Pea Protein Market is expected to reach a value of USD 5.2 billion by 2032, exhibiting a CAGR of 10.62% during the forecast period 2024-2032.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Textured Pea Protein Market Key Players And Competitive Insights
The Textured Pea Protein Market is anticipated to witness substantial growth due to the increasing demand for plant-based protein sources. Major players in the Textured Pea Protein Market industry are focusing on expanding their production capacities and investing in research and development. Leading Textured Pea Protein Market players are adopting strategic initiatives such as partnerships, acquisitions, and new product launches to gain a competitive advantage. The Textured Pea Protein Market development is influenced by factors such as the rising awareness about the health benefits of plant-based proteins, the growing popularity of vegan and vegetarian diets, and the increasing demand for sustainable food sources. These factors have contributed to the competitive landscape of the Textured Pea Protein Market as companies strive to meet the evolving needs of consumers.Cargill, a leading company in the Textured Pea Protein Market, is committed to providing innovative and sustainable plant-based protein solutions. The company has invested in expanding its production capacity and developing new technologies to improve the functionality and taste of pea protein. Cargill's focus on innovation and customer-centricity has enabled it to maintain a strong position in the market.ADM, a competitor company in the Textured Pea Protein Market, is also actively investing in research and development to enhance its product offerings. The company has developed a range of textured pea protein products that meet the specific requirements of various food applications. ADM's commitment to sustainability and transparency has resonated well with consumers, contributing to its growth in the market.
Key Companies in the Textured Pea Protein Market Include
- Cargill
- The Scoular Company
- Burcon NutraScience Corporation
- PlantPlus Foods
- AGT Foods
- Axiom Foods
- Ingredion Incorporated
- SPI Pharma
- Puris Proteins
- Emsland Group
- Univar Solutions
- Farbest Brands
- Almendra Proteins
Textured Pea Protein Market Industry Developments
The textured pea protein market size is poised to grow from USD 2.1 billion in 2023 to USD 5.2 billion by 2032, exhibiting a CAGR of 10.62% during the forecast period. Increasing consumer awareness about the health benefits of plant-based proteins, coupled with the growing demand for meat alternatives, is driving market growth. Additionally, the rising popularity of vegan and vegetarian diets, as well as government initiatives promoting plant-based protein consumption, are contributing to market expansion. Key industry developments include the launch of new products by major players, such as Puris Foods' launch of a pea protein isolate with a neutral taste and high solubility, and the strategic partnerships between companies to expand their product offerings and geographic reach.
Textured Pea Protein Market Segmentation Insights
- Textured Pea Protein Market Application Outlook
- Meat Alternatives
- Dairy Alternatives
- Bakery Products
- Supplements and Beverages
- Pet Food
- Textured Pea Protein Market Source Outlook
- Yellow Pea
- Green Pea
- Other Peas
- Textured Pea Protein Market Form Outlook
- Dry Textured Pea Protein
- Hydrated Textured Pea Protein
- Textured Pea Protein Market Texture Outlook
- Chunks
- Flakes
- Powder
- Minces
- Textured Pea Protein Market Organic Certification Outlook
- Textured Pea Protein Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.9(USD Billion) |
| Market Size 2023 |
2.1(USD Billion) |
| Market Size 2032 |
5.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.62% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Cargill, The Scoular Company, Burcon NutraScience Corporation, PlantPlus Foods, AGT Foods, Axiom Foods, Ingredion Incorporated, SPI Pharma, Puris Proteins, Emsland Group, Univar Solutions, Farbest Brands, Almendra Proteins |
| Segments Covered |
Application, Source, Form, Texture, Organic Certification, Regional |
| Key Market Opportunities |
Clean-label meat alternatives Plantbased ready-to-eat meals Growing demand for sustainable food options Rising awareness of health benefits Increasing vegan and flexitarian population |
| Key Market Dynamics |
Rising veganism, growing demand for plant-based meat alternatives, technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The textured pea protein market is expected to reach a valuation of USD 5.2 billion by 2032, growing at a CAGR of 10.62% from 2024 to 2032. The market growth is driven by factors such as rising demand for plant-based protein sources, increasing health consciousness among consumers, and growing applications in the food and beverage industry.
North America is expected to hold the largest market share for textured pea protein due to the presence of a large number of vegan and vegetarian consumers, along with a well-established plant-based food industry. The region is also home to major manufacturers of textured pea protein, such as Puris Foods and AGT Foods.
Textured pea protein is used in a wide range of food and beverage applications, including meat alternatives, dairy alternatives, bakery products, and nutritional supplements. It is also used as an ingredient in pet food and animal feed.
Major players in the textured pea protein market include Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., Ingredion Incorporated, and Puris Foods. These companies are investing in research and development to improve the functionality and taste of textured pea protein and to expand their product offerings.
The growth of the textured pea protein market is driven by several factors, including rising consumer awareness of the health benefits of plant-based proteins, increasing demand for meat alternatives, and technological advancements in the production of textured pea protein.
The textured pea protein market faces challenges such as price volatility of raw materials, competition from other plant-based proteins such as soy protein and wheat protein, and regulatory hurdles in certain regions.
The future outlook for the textured pea protein market is positive. The market is expected to continue growing at a steady pace, driven by increasing demand for plant-based proteins and expanding applications in the food and beverage industry.
Key trends in the textured pea protein market include the development of new and innovative products, such as meat alternatives that mimic the taste and texture of animal meat. Additionally, there is a growing focus on sustainability and the use of pea protein as an alternative to animal-based proteins.
The COVID-19 pandemic had a positive impact on the textured pea protein market, as consumers increasingly sought out plant-based protein sources during the pandemic. The market is expected to continue to grow in the post-pandemic period.
Textured pea protein is generally recognized as safe (GRAS) by the U.S. Food and Drug Administration (FDA) and is approved for use in a variety of food and beverage applications. However, specific regulatory requirements may vary depending on the region and intended use of textured pea protein.
