Meticulous Research®—a
leading global market research company, published a research report titled Pea
Protein Market—Global Opportunity Analysis and Industry Forecast (2024-2031).
According to this latest publication from Meticulous Research®, the
pea protein market is projected to reach $1.31
billion by 2031, at a CAGR of 14.2% from 2024 to 2031.
The growth of the pea
protein market is underpinned by several key factors. These include the
increasing interest in plant-based nutrition, the burgeoning health &
wellness trends, the expanding plant-based food market, and rising consumer
awareness for the nutritional benefits of peas and pea-based products.
Moreover, the growing focus of key players in developing innovative pea protein
ingredients further fuels the growth of the pea protein market.
Key Players:
The pea protein market
is moderately competitive due to the presence of large and small-sized global,
regional, and local players. The leading players operating in the pea protein
market are Roquette Freres (France), AGT Food and Ingredients Inc. (Canada),
Cargill, Inc. (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland
Company (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation
(Canada), Glanbia Plc. (Ireland), Cosucra Groupe Warcoing SA (Belgium),
Sotexpro Sa (a part of GEMEF Industries) (France), Farbest-Tallman Foods
Corporation (U.S.), Shandong Jianyuan Foods Co., Ltd. (China), The Emsland
Group (Germany), and Nutri-Pea Ltd. (Canada).
Key Drivers Fueling
Pea Protein Market Growth:
A primary factor
energizing the pea protein market is the mounting consumer
preference for plant-based nutrition. As health consciousness grows
worldwide, more individuals seek protein sources that are not
only nutritious but also clean-label, hypoallergenic, and
environmentally sustainable. Pea protein offers a complete
amino acid profile, making it a compelling alternative to
animal-based proteins, which have long dominated global diets but are
linked to health concerns such as cardiovascular disease and obesity.
The surge in
plant-based food demand aligns with evolving lifestyle trends focused
on wellness, weight management, and preventive health. Pea protein’s
versatility to enhance nutritional content while maintaining
desirable texture and sensory qualities has catalyzed
its incorporation into a broad spectrum of
food products—from nutritional supplements and bakery
items to meat and dairy alternatives. Moreover, the ingredient’s
sustainable footprint, derived from legumes that
require less water and energy compared to animal farming,
resonates strongly with eco-conscious consumers, thereby
boosting market expansion.
Beyond health and
sustainability, the pea protein market benefits
from technological advances in processing techniques,
including wet and dry fractionation methods, which improve protein
purity and functionality, enabling manufacturers to tailor
products to diverse applications. These advancements lower
production costs and environmental impact, further encouraging
adoption by food formulators globally.
Future Trends could Shape Pea Protein Market
Expansion:
Several future trends
are poised to significantly shape the expansion of the global pea protein
market in the coming years. First, there is a rising demand for functional
foods and health-oriented products. Consumers increasingly seek foods that
provide health benefits beyond basic nutrition, such as weight management,
muscle building, and satiety support. Pea protein's balanced amino acid profile
and functionality make it ideal for incorporation into functional foods and
beverages, driving product innovation and market growth.
The growing vegan,
vegetarian, and flexitarian populations also fuel demand for plant proteins
like pea protein, especially as these consumers seek complete,
allergen-friendly protein sources that fit their lifestyles. Innovation in food
formulations is another important trend. There is a continuous push for new pea
protein applications, including plant-based meat substitutes, dairy
alternatives, snacks, and protein-enriched beverages. Advances in processing
technology improve taste, texture, and versatility, enabling pea protein to be
used in diverse and appealing product formats.
Expansion into sports nutrition and dietary
supplements further boosts market growth. Pea protein's hypoallergenic
properties and efficacy in muscle repair or growth support its penetration into
sports nutrition and clinical dietary supplements, segments expected to grow
robustly.
Regional Market
Growth and Opportunities:
The growth trajectory
of the pea protein market is supported by significant regional developments.
North America currently holds the largest market share due to its
well-established food and beverage industry, widespread consumer awareness,
robust pea production, and a rising vegan population. The region’s dynamic
ecosystem of startups alongside dominant ingredient suppliers drives continuous
product innovation and market expansion.
However, the
Asia-Pacific region is projected to experience the fastest growth, with an
estimated CAGR exceeding 16% through 2031. This rapid expansion stems from
increasing urbanization, rising disposable incomes, growing health
consciousness, and a burgeoning interest in protein-rich diets. Countries like
China and India are rapidly adopting plant-based nutrition, strengthening
demand for pea protein in meat alternatives, nutrition supplements, and
functional foods. The region also benefits from evolving food industry
infrastructure and localization efforts by multinational companies.
Other emerging markets
in Latin America, the Middle East, and Africa are gradually unlocking growth
potential fueled by changing dietary preferences and increasing availability of
pea protein-based products.
Download Sample
Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5054
Key Questions
Answered in the Report:
- What is the revenue generated from the
sale of pea protein globally?
- At what rate is the demand for pea protein
expected to grow for the next 5-7 years globally?
- What is the historical market size and
growth rate for the pea protein market?
- What are the major factors impacting the
growth of this market at the country and regional levels?
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