Pea Protein Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

The global pea protein market size reached around USD 2.41 billion in 2024. The market is estimated to witness robust growth in the coming years, growing at a CAGR of 20.10% in the forecast period of 2025-2034, reaching a value of USD 15.09 billion by 2034.

Food ingredients, such as pea proteins, that provide health benefits gained popularity among functional food manufacturers to meet the consumers' demand for functional foods and drinks. Pea proteins are rich in antioxidants that protect the body from damage caused by free radicals and boost the immune system functioning.

Figure: Share of Vegans in Selected Countries in 2022

The potential health benefits of pea protein, such as hypoallergenic properties, high iron content, and improved metabolism, among others, are driving its use in diverse applications. Besides, due to lesser health controversy in comparison to other plant-based proteins like soy protein, the preference for pea protein among end users has surged significantly.

Trend towards vegan diet and vegetarianism has increased the demand for pea protein as it can also be consumed by individuals who are lactose intolerant or those who do not include dairy-based protein.

Key Trends and Developments

The rising vegan population; increasing awareness of the health benefits of pea protein; environmental benefits offered by pea protein production; and expansion of the e-commerce sector are the major factors impacting the pea protein market growth

Jan 24, 2023

Burcon NutraScience Corporation received a notice of allowance from the USPTO (US Patent and Trademark Office) for a patent application covering the unique properties of Burcon's Peazazz® pea protein developed using the company's advanced technology.

Jan 23, 2023

Roquette, a global pioneer in plant-based ingredients and vegetable proteins, invested in Daiz, a Japanese start-up that has developed the means of using plant seed germination and an extrusion process to enhance the texture, flavour, and nutritional profile of plant-based foods.

Oct 13, 2022

Roquette, launched a new line of Organic Pea Ingredients to meet the rising consumer demand for plant-based products. The company announced the release of a new series of organic pea ingredients, which include organic pea starch and organic pea protein.

Sep 12, 2022

Lantmännen Group, Northern Europe’s leading integrated agricultural cooperative, announced that it is investing over SEK 1 billion in a new large-scale pea protein manufacturing facility.

Increasing vegan population supporting the market growth

With the rising flexitarian and vegan population, the use of pea protein in various food and beverage applications like sports supplements and as an alternative protein over traditional sources like meat, among others, has been increasing significantly.

Rising awareness of the health benefits offered by pea protein

Various health benefits, such as digestibility and anti-allergen properties, are driving the demand for pea protein over other plant-based proteins. Moreover, the increasing focus on weight management and the rising demand for healthy food ingredients are favouring the pea protein market development.

Environmental benefits offered by pea protein cultivation

The production of pea protein offers several environmental benefits, including low CO2 absorption, low energy consumption, and reduced water consumption, which is boosting its preference among the environmentally conscious population.

Expanding e-commerce sector

An expanding e-commerce sector has increased the availability of organic pea protein products, helping fitness enthusiasts meet their post-workout recovery as well as fitness needs.

Pea Protein Market Trends

In the expanding food processing sector, pea protein flours, concentrates, and isolates are used in the production of normal- and low-fat sausages. Pea protein can also be used as an additive for emulsions, owing to its water and fat binding, emulsifying, and foam stabilisation properties. It can function as a substitute for eggs in vegan cookies and cakes and allows bakers to increase the protein content in bread.

Manufacturers are boosting their raw material sourcing capabilities by focusing on sustainability, improving raw material quality and traceability along with strengthening their relationship with raw material suppliers. By adopting logistics intelligence, they can further enhance raw material quality and optimise operations.

Market Segmentation

“Global Pea Protein Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Isolate
• Concentrate
• Textured

Market Breakup by Form

• Dry
• Wet

Market Breakup by Application

• Bakery and Confectionery
• Functional Food and Beverages
• Meat Additives
• Sports Nutrition

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Based on type, isolates account for a significant pea protein market share

Pea protein isolate based products are an excellent choice for people aiming to lose weight and build muscle as they contain high amount of protein and amino acids. In December 2020, Ingredion introduced its first pea protein isolate, which contains at least 80% protein, for use in a variety of products such as nutrition and sports bar, powdered and ready-to-drink beverages, and more. The naturally gluten-free pea protein isolate supports manufacturers of different products to make claims like ‘vegetarian’, ‘vegan’ and ‘high-in-protein’.

Textured pea protein is a sustainable alternative to meat. As more and more people join the trend of switching to plant-based diet, the demand for textured pea protein is expected to increase in the coming years.

Bakery and confectionery represents the leading application segment in the global pea protein market

Pea protein, a plant-based ingredient available as isolates, concentrates and flour, is widely used by bakers to increase the protein content of breads and other baked goods. The addition of pea protein benefits in water holding, as well as gelation and browning applications, particularly in gluten-free formulations.

The rising awareness among consumers is encouraging them to purchase bread and baked goods that include well-recognised, organic and non-GMO proteins, such as pea protein. The clean label trend is compelling food manufacturers to include pea protein as a food ingredient.

Competitive Landscape

The market players are expanding their capacities, setting up new production plants, diversifying supply chain, and developing products with widespread applications and enhanced stability.

Yantai Shuangta Food Co., Ltd

Yantai Shuangta Food Co., Ltd, is a publicly listed company headquartered in China. The company offers pea protein, mung bean protein, potato vermicelli, crystal vermicelli, mung bean sheet jelly, etc.

Shandong Jianyuan Group

Founded in 2003, Jianyuan Group is a renowned manufacturer of pulse ingredients worldwide. The company utilises advanced technology and services to produce high-quality field pulse ingredients.

Roquette Frères S.A.

Headquartered in France, the company offers products for various sectors including biopharma, cosmetics, food and nutrition, animal nutrition, and others.

COSUCRA Groupe Warcoing S.A.

Founded in 1852, Cosucra is engaged in manufacturing products based on chicory roots and yellow peas. The company has a global presence with three processing plants and more than 300 employees worldwide.

Other notable players operating in the global pea protein market are Burcon NutraScience Corporation, Axiom Foods, Inc., and Naturz Organics, among others.

Pea Protein Market Analysis by Region

In North America, pea protein is perceived as a healthy option by consumers across countries like the United States and Canada, due to its familiarity and plant-based and label-friendly nature. This enhances its applications and subsequent demand in diverse applications.

The rising flexitarian population in Asia-Pacific countries like Japan, India, and Singapore is likely to surge the demand for pea protein that can mimic the mouthfeel and taste of meat. The wide availability of locally produced pea protein-based products in physical retail stores and e-commerce platforms has aided pea protein market in APAC.