Pea Protein Industry Overview

The global pea protein market size was valued at USD 2.12 billion in 2023 and is expected to grow at a CAGR of 12.1% from 2024 to 2030.

With increasing awareness about animal agriculture's environmental impact and health concerns associated with meat consumption, more consumers opt for plant-based alternatives. Pea protein, a high-quality protein source, is gaining popularity among vegetarians, vegans, and health-conscious consumers. It is free from common allergens such as soy and gluten, making it a suitable option for people with dietary limitations.

Gather more insights about the market drivers, restrains and growth of the Pea Protein Market

The global rise in vegan and vegetarian lifestyles is significantly reshaping consumer preferences, leading to a surge in demand for plant-based alternatives. Pea protein is a versatile ingredient increasingly used in meat substitutes, from meat substitutes and dairy alternatives to functional foods. The growing number of vegan restaurants, cafes, and product launches catering to this demographic is increasing the demand for pea protein. Additionally, the rising importance of a flexitarian diet due to increasing concerns about the cardiological impacts of red meat consumption and growing awareness regarding the adverse effects of foods containing gluten and lactose drives market growth.

Innovations in food processing technologies have improved pea protein's taste, texture, and functionality, making it more demanding to manufacturers and consumers. These developments have led to its incorporation in a wider range of products, from plant-based meats and dairy alternatives to snacks and baked goods. The ability to customize pea protein formulations to meet specific dietary needs or consumer preferences further drives its market growth. For instance, Danone Canada launched Silk Greek-Style Yogurt, a plant-based yogurt made with pea protein from Canada. It is available in Key Lime and Vanilla flavors with 12 grams of protein per 175g serving.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

1. The global milk protein market size was estimated at USD 6.63 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030.

2. The global superfoods market size was valued at USD 182.15 billion in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2030.

Pea Protein Market Segmentation

Grand View Research has segmented the global pea protein market based on product, form, source, application, and region:

Pea Protein Product Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

1. Isolates

2. Concentrates

3. Textured

4. Hydrolysates

Pea Protein Form Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

1. Dry

2. Wet

Pea Protein Source Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

1. Yellow Split Peas

2. Others

Pea Protein Application Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

1. Food & Beverages

   1. Meat substitutes

   2. Bakery goods

   3. Dietary supplements

   4. Beverages

   5. Others

2. Personal Care & Cosmetics

3. Animal Feed

4. Others

Pea Protein Regional Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

1. North America

   1. US

   2. Canada

   3. Mexico

2. Europe

   1. UK

   2. Germany

   3. France

   4. Italy

   5. Spain

   6. Sweden

   7. Netherlands

3. Asia Pacific

   1. China

   2. Japan

   3. India

   4. Australia & New Zealand

   5. South Korea

4. Central & South America

   1. Brazil

   2. Argentina

5. Middle East & Africa

   1. South Africa

Key Companies profiled:

1. Burcon

2. Roquette Frères

3. The Scoular Company

4. DuPont

5. Nutri-Pea

6. Shandong Jianyuan Group

7. SOTEXPRO

8. Axiom Foods, Inc.

9. FENCHEM

10. Martin & Pleasance

11. The Green Labs LLC.

Key Pea Protein Company Insights

Key players in pea protein market include Nutri-Pea, The Scoular Company, Roquette Frères, Axiom Foods, Inc., and others

1. Nutri-Pea specializes in the production of high-quality pea protein and other pea-derived ingredients. Its food applications include health foods, sports nutrition, plant-based meal Replacements, dairy Replacements, baked goods, meat, and seafood. Its product offerings include Propulse Pea Protein, Centara Pea Hull Fiber, Accu-Gel Pea Starch, Uptake 80 Pea Cell Wall Fiber, and others.

2. The Scoular Company is a prominent player in the global agriculture industry. Focusing on connecting farmers, processors, and end-users, Scoular operates across various sectors, including grain trading, feed and food ingredient supply, and logistics. It provides grains and seeds, food ingredients, pet food ingredients, and animal food ingredients.

Recent Developments

1. In July 2024, Ingredion Incorporated announced the launch of Vitessence Pea 100 HD, a new pea protein enhanced for cold-pressed bars for the Canada and U.S. markets. It delivers softness throughout the shelf life of cold-pressed bars.

2. In March 2023, Nepra Foods announced a manufacturing & distribution partnership with Scoular for specialized plant-based products. Under this agreement, Nepra provides its R&D team with the development of new products, with specialty ingredients from both companies involved. Scoular further promotes Nepra’s products through its strong supply chain network

3. In January 2023, Roquette announced a significant investment in the Japan-based food tech startup DAIZ Inc. DAIZ specializes in developing technologies and processes to improve plant-based food's texture, flavor, and nutritional profile. DAIZ's proprietary germination technology, the Ochiai Germination Method JP-5795679, was initially developed for soy and recently expanded to peas.

Order a free sample PDF of the Pea Protein Market Intelligence Study, published by Grand View Research.