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Global Pea Protein Ingredients Market, By Type; By Source; By Form; By Application; By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2024-2030.

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  • 298 Pages
  • March 2024
  • Region: Global
  • Astute Analytica
  • ID: 5969501

Global Pea Protein Ingredients Market Forecast till 2030: Set to Reach US$ 6.20 Billion by 2030 with a CAGR of 22.57%.

The global pea protein Ingredients Market was valued at US$ 1.61 Billion in 2023 and is projected to register a CAGR of 22.57% over the forecast period. The market's expansion is driven by the rising awareness of health and wellness, particularly the benefits of plant-based diets which include lower risks of heart disease, hypertension, and type 2 diabetes. Additionally, the environmental benefits of plant-based protein sources, such as lower water usage and reduced greenhouse gas emissions compared to animal-based proteins, have resonated with environmentally conscious consumers.

Growth Influencers:

In recent years, consumer interest in plant-based meats has surged, often outstripping the supply capabilities of the industry. To meet the booming demand anticipated over the next decade, significant investments are needed to enhance manufacturing capacities and scale up the supply chain for plant-based proteins. According to the Good Food Institute, by 2020, sales of plant-based alternatives in the U.S. were projected to grow at double the rate of overall food sales, with plant-based meats seeing a remarkable 45% increase in sales. This demand surge is prompting more farmers to cultivate pulse crops.

The rise in popularity of vegan meat, which mimics the taste of animal meat without its downsides, is fueled by growing awareness of climate change, animal cruelty concerns, and high-profile endorsements by celebrities. Campaigns like 'Veganuary' promote vegetarianism, offering meat-lovers plant-based alternatives as a transitional dietary option.

Pea protein, a leading plant-based protein, is recognized for its health and environmental benefits. Switching from animal-based to plant-based proteins has been shown to improve individual health outcomes, aiding in weight management, enhancing insulin resistance, and increasing satiety. Moreover, pea protein is credited with reducing risks of major health issues such as cardiovascular diseases and colorectal cancer - the third deadliest cancer in the U.S. The dietary fiber in plant-based proteins also contributes to lower mortality rates from colorectal cancer.

Globally, diabetes affects 422 million people, and studies suggest that regular pea protein consumption can help reduce diabetes risk and stabilize blood sugar levels. Pea protein also supports digestive health and promotes a healthy gut microbiota. Its non-GMO, nonallergenic properties make it safe for consumption with minimal environmental impact. Pea proteins provide nearly all essential amino acids required daily and are gluten-free with low allergenicity, making them an excellent nutritional option for children’s growth and bone development.

Segment Overview:

The Pea Protein Ingredients Market is categorized based on Type and Application.
  • Type
  • Pea Protein Isolates
  • Pea Protein Concentrates
  • Textured Pea Protein
  • Pea Protein Hydrolysate
  • Pea Flour
  • Other Pea Protein
  • Source
  • Yellow Pea
  • Green Pea
  • Form
  • Dry
  • Liquid
  • Application
  • Nutrition and Health Supplements
  • Alternative Meat Products
  • Bakery & Confectionery Products
  • Dairy Alternatives
  • Cereals and Snacks
  • Beverages
  • Ready-to-drink
  • Others
  • Infant Nutrition
  • Animal Feed
  • Personal Care
  • Others

Market Segmentation Insights:

In 2023, pea protein isolates led the market, capturing 42.66% of the total revenue. These isolates are highly valued for their excellent emulsification properties and hypoallergenic nature, making them popular in nutritional supplements used in meat products, energy drinks, fruit mixes, and bakery items. Recent product launches by companies like Cadbury and Amway in the energy mix market suggest that the sports nutrition sector is poised for expansion in developed countries such as the U.S., Germany, and the U.K. Pea protein isolates, known for their good emulsification and high digestibility, are also favored in weight management and dietary supplements. Meanwhile, pea protein concentrates, which have less protein but more carbohydrates and fats, are ideal for weight gain or meal replacements due to their higher caloric content.

In 2023, yellow peas dominated the global pea protein ingredients market, holding a 73.09% share, and are expected to see the fastest compound annual growth rate in the coming years. The demand for yellow peas is particularly strong in Manitoba and Western Canada. Agricultural practices like intercropping and relay cropping are becoming more popular due to their benefits in resource efficiency and pest control.

Based on form, the dry form of pea protein prevailed in the market, accounting for 79.11% of the share in 2023. Dried pea protein is preferred for its long shelf life and easy absorption. The growth potential for this sector is supported by low capital needs, reduced energy and water consumption in production compared to wet extraction, and robust demand from the food and beverage industry.

In terms of applications, alternative meat products represented 21.83% of the global pea protein ingredient market's share. This segment's prominence is largely due to the increasing use of pea protein in meat substitutes, driven by global animal protein shortages, rising consumer preference for meat alternatives due to concerns over animal diseases, demand for halal food, and growing veganism. Furthermore, the demand for nutrient-rich foods to address diseases caused by poor nutrition and protein deficiencies is likely to propel the nutrition & supplement segment forward. The meat and substitute meat products segment is expected to experience rapid growth in the forecast period.

Regional Overview:

Based on Region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

  • United States
  • Mexico
  • Canada


  • Western Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • Rest of Asia Pacific
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA
  • South Africa
  • Argentina
  • Brazil
  • Rest of South America
In 2023, Europe accounted for 30.13% of the global pea protein ingredients market share. The rise of veganism is notably fashionable in this region, especially in countries like Germany, Italy, and France. The demand for plant-based foods in these countries is climbing due to increased concerns over animal welfare and environmental sustainability. As a key ingredient in plant-based meat alternatives, pea protein, sourced from plants, is experiencing a surge in demand throughout Europe, bolstered by the growing preference for vegan diets.

The Asia-Pacific region is projected to have the highest compound annual growth rate (CAGR) during the forecast period. Factors fueling this rapid growth include the burgeoning food and beverage industry, accelerating urbanization, a substantial vegan demographic, and a spike in new product introductions that feature pea protein. China, being a leading global producer of peas, enhances the region's market growth by providing an abundant supply of raw materials at competitive prices, further stimulating the Asia-Pacific pea protein market.

Competitive Landscape:

The competitive landscape of the Pea Protein Ingredients Market is characterized by the presence of numerous prominent players driving growth. Key players are Roquette Freres Le Romarin, DSM, Ingredion Inc., DuPont de Nemours, Inc., Archer Daniels Midland Company, and AGT Food and Ingredients Inc.

These companies collectively account for more than 56% of the market share, indicating robust competition within the sector. Furthermore, many players are actively engaged in research and development activities, partnerships, and collaborations to enhance their market presence and offerings.

In September 2020, ADM launched several new products including Arcon T textured pea proteins, Prolite MeatTEX textured wheat proteins, and Prolite MeatXT non-textured wheat proteins. These products are designed to enhance the texture and density of meat substitutes, providing a meat-like feel that is often favored by consumers. By improving the sensory aspects of plant-based products, such as flavor, texture, and color, these innovative protein solutions aim to appeal to consumer preferences for health and nutrition, as identified by ADM's OutsideVoice Protein Segmentation Study. ADM's developments in textured pea and wheat proteins help address consumer demands for better-tasting and more appealing plant-based foods.

Report Insights:

  • The market is projected to grow from USD 1.61 billion in 2023 to USD 6.20 billion by 2030, registering a CAGR of 22.57%.
  • Increased consumer awareness about the health benefits of plant-based diets and environmental advantages of plant-based proteins over animal proteins is fuelling market growth.
  • The dry form of pea protein dominates the market due to its longer shelf life and ease of use in various applications.
  • Europe and Asia-Pacific are key regions driving market growth, with Europe leading in market share due to the high adoption of vegan diets and Asia-Pacific projected to experience the highest growth rate.

Questions to be Answered:

  • What is the estimated growth rate of the Global Pea Protein Ingredients Market?
  • What are the key drivers and potential restraints?
  • Which market segments are expected to witness significant growth?
  • Who are the leading players in the market?

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Pea Protein Ingredients Market
Chapter 4. Global Pea Protein Ingredients Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Raw Material Provider
4.1.2. Manufacturer
4.1.3. Distributor
4.1.4. End User
4.2. Industry Outlook
4.2.1. Pea Protein ingredients - Overview
4.2.2. Pea protein ingredients used in ready-to-drink beverages
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. COVID-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.7.2. Market Volume Estimates and Forecast (MT), 2017 - 2030
4.7.3. Price Trend Analysis
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2021
4.8.3. Competitor Mapping
Chapter 5. Global Pea Protein Ingredients Market Analysis, By Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and MT)
5.2.1. Pea Protein Isolates
5.2.2. Pea Protein Concentrates
5.2.3. Textured Pea Protein
5.2.4. Pea Protein Hydrolysate
5.2.5. Pea Flour
5.2.6. Others Pea Protein
Chapter 6. Global Pea Protein Ingredients Market Analysis, By Source
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
6.2.1. Yellow Pea
6.2.2. Green Pea
Chapter 7. Global Pea Protein Ingredients Market Analysis, By Form
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
7.2.1. Dry
7.2.2. Liquid
Chapter 8. Global Pea Protein Ingredients Market Analysis, By Application
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
8.2.1. Nutrition and Health Supplements
8.2.2. Alternative Meat Products
8.2.3. Bakery & Confectionery Products
8.2.4. Dairy Alternatives
8.2.5. Cereals and Snacks
8.2.6. Beverages Ready-to-drink Others
8.2.7. Infant Nutrition
8.2.8. Animal Feed
8.2.9. Personal Care
8.2.10. Others
Chapter 9. Global Pea Protein Ingredients Market Analysis, By Region
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
9.2.1. North America The U.S. Canada Mexico
9.2.2. Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe
9.2.3. Asia Pacific China India Japan South Korea Australia & New Zealand ASEAN Rest of Asia Pacific
9.2.4. Middle East & Africa UAE Saudi Arabia South Africa Rest of MEA
9.2.5. South America Argentina Brazil Rest of South America
Chapter 10. North America Pea Protein Ingredients Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
10.2.1. By Type
10.2.2. By Source
10.2.3. By Form
10.2.4. By Application
10.2.5. By Country
Chapter 11. Europe Pea Protein Ingredients Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
11.2.1. By Type
11.2.2. By Source
11.2.3. By Form
11.2.4. By Application
11.2.5. By Country
Chapter 12. Asia Pacific Pea Protein Ingredients Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
12.2.1. By Type
12.2.2. By Source
12.2.3. By Form
12.2.4. By Application
12.2.5. By Country
Chapter 13. Middle East and Africa Pea Protein Ingredients Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
13.2.1. By Type
13.2.2. By Source
13.2.3. By Form
13.2.4. By Application
13.2.5. By Country
Chapter 14. South America Pea Protein Ingredients Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Mn & MT)
14.2.1. By Type
14.2.2. By Source
14.2.3. By Form
14.2.4. By Application
14.2.5. By Country
Chapter 15. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
15.1. A&B Ingredients
15.2. AGT Food and Ingredients Inc.
15.3. Archer Daniels Midland Company
15.4. Axiom Foods Inc
15.5. Burcon NutraScience Corporation
15.6. Cargill Inc
15.7. Cosucra Groupe Warcoing SA
15.8. DuPont de Nemours, Inc.
15.9. Emsland Group
15.10. Farbest Brands
15.11. Fenchem Inc.
15.12. Glanbia PLC
15.13. Ingredion Inc.
15.14. Nutri-Pea Ltd.
15.15. Puris Foods
15.16. Roquette Freres Le Romarin
15.17. Shandong Jianyuan Foods Co., Ltd.
15.18. The Emsland Group
15.19. The Green Labs LLC.
15.20. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A&B Ingredients
  • AGT Food and Ingredients Inc.
  • Archer Daniels Midland Company
  • Axiom Foods Inc
  • Burcon NutraScience Corporation
  • Cargill Inc
  • Cosucra Groupe Warcoing SA
  • DuPont de Nemours, Inc.
  • Emsland Group
  • Farbest Brands
  • Fenchem Inc.
  • Glanbia PLC
  • Ingredion Inc.
  • Nutri-Pea Ltd.
  • Puris Foods
  • Roquette Freres Le Romarin
  • Shandong Jianyuan Foods Co., Ltd.
  • The Emsland Group
  • The Green Labs LLC.