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Dynamic 8% CAGR Charts Pea Protein Market’s Future in 2024-30

Market Overview: Global Pea Protein Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Pea Protein Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Pea Protein Market Insights 2024-30

The Global Pea Protein Market size was valued at around USD 1.4 billion in 2022 and is projected to grow at around 8% CAGR during the forecast period, i.e., 2024-30.

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Top Players in the Pea Protein Market:

  • Rouquette Freres
  • Ingredion Incorporated
  • Puris Protein Llc
  • Fenchem Inc.
  • Dupont
  • Axiom Foods Inc
  • Burcon Nutrascience Corp
  • Cosucra Groupe Warcoing
  • Sotexpro
  • Shandong Jianyuan Foods Co., Ltd.
  • Yan Tai Shuang Ta Food Co Ltd.
  • Et-Chem
  • Agt Foods
  • The Green Labs Llc
  • Nutri-Pea Limited
  • Others

Segmentation Analysis of Pea Protein Market

Pea Protein Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

  • Performance Nutrition
  • Meat Substitutes
  • Functional Foods
  • Snacks
  • Bakery Products
  • Beverages
  • Confectionery

Of them all, the demand for Meat Substitutes is anticipated to demonstrate the fastest growth in the Global Pea Protein Market during the forecast period. It attributes principally to the increasing health issues like obesity, diabetes, etc., among people, i.e., shifting them toward adopting vegan dietary habits and consuming plant-based food products. It, in turn, is augmenting the demand for pea protein products as meat substitutes and positively influencing the overall market growth.

In addition, increasing consumer awareness about the high amount of saturated fats present in processed & red meat and their severe effects on health is also playing a crucial role in propelling the demand for pea protein as meat substitutes. Besides, animal rearing is making a considerable impact on natural resources causing deforestation & even contributing to global warming.

These aspects are likely to spread awareness among people and shift their food habits from meat to meat substitutes & vegan food. It, in turn, shall augment the demand for pea proteins while generating significant growth opportunities for the leading market players to develop new meat substitutes using pea protein.

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-By Type

  • Isolates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Textured- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Concentrates- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Others (Hydrolyzed, Fermented, etc.) – Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Form

  • Dry- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Wet- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Nature

  • Organic- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Conventional- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

-By Source

  • Chickpeas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Yellow Split Peas- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons
  • Lentils- Market Size & Forecast 2019-2030F, USD Million, Thousand Tons

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

North America dominated the market with the largest share in recent years, and the same trend is likely to be followed during 2024-30. It owes principally to the mounting consumer inclination toward consuming gluten-free products due to the rising awareness about their benefits like improved energy levels, better weight management, reduced health issues like joint pain, bloating, frequent headaches, and improved bone health.

The sports & fitness sector in North America is expanding swiftly and becoming a prominent consumer of pea protein. It is principally for producing dietary supplements like energy drinks, protein shakes, & other dietary food. As a result, the leading players in the regional market are increasing their production capabilities and working on manufacturing new fitness & energy-based supplements exhibiting pea protein.

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 18 diverse industrial verticals.

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