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U.S. Pea Protein Market 2018-2023 - Size, Trends, Competitive Analysis and Forecasts

  • ID: 4495851
  • Report
  • March 2018
  • Region: United States
  • 105 pages
  • Hypercube Insights


  • Axiom Foods
  • Fenchem Inc
  • Ingredion Inc
  • Prinova Group LLC
  • Roquette Frerers
  • Sotexpro S.A.
  • MORE
U.S. accounts for major market share in North America Pea protein market. The market value is estimated at $8.3 million in 2018 and is forecasted to grow at the CAGR of 10.5% during the forecast period. In recent years, health awareness has increased in U.S. The country has recorded the highest number of obese and overweight people in the world. Increasing concern and rising awareness about the weight and body health, has made Americans make a switch to nutritious diets. The government of the country is actively taking initiatives right from the school to provide meal containing high amount of nutrients. In recent years, number of programs has been run by the government to raise health awareness among the population which has led to increasing number of people turning towards nutritious diets.

The country has seen an upsurge in number of vegan, vegetarian and meat replacers due to environmental and ethical concern of practices adopted in industrial animal production in combination with the health issues caused by meat consumption. With growing vegan population, the demand for plant-based protein such as soy and pea protein are ever increasing. The demand for pea protein also comes strongly from dietary supplements industry. Though the taste and texture of the products made up of pea protein is a bit concern, research has been actively taking place to improve the taste and to explore various flavors in order to meet the preferences of the consumers.

The major pea producers in the U.S. includes Puri Foods and Axiom Food Inc. These companies are focusing on launching wide range of pea proteins products across various industries such as food, beverage and dietary supplement to cosmetic industries. The pea protein industry is in growth stage in the U.S. The manufacturers are eyeing towards the lucrative emerging economies such as China, India, Brazil, Mexico and other countries across the world to gain early bird advantage. Their strategies are mostly based upon the merger and acquisition with the local pea producing companies in these countries and to develop the product portfolio according to the local demand and needs of the consumers.

By application of the pea protein market in the U.S., the food industry leads the trend and captures the highest percentage of market share, followed by dietary supplement and beverage industry. The application of the pea protein across dietary supplement and food industry in the country is growing rapidly due to increase in awareness about the health and wellness and growing need for substitute to animal meat products. The application of peas in the animal feed industry is not new, however, increasing awareness about the nutritional benefits of pea protein and rising prices of raw materials is driving the consumption of pea protein in the feed industry.

Key Deliverables:
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown


  • Axiom Foods
  • Fenchem Inc
  • Ingredion Inc
  • Prinova Group LLC
  • Roquette Frerers
  • Sotexpro S.A.
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary By Application
2.3 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand of plant based protein from vegan/vegetarian population
3.1.2 Rising Health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.2 Restraints
3.2.1 High cost of production
3.2.2 Growing threat from substitute products
3.2.3 Low awareness about the pea protein based products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Rising demand for plant based protein in food and beverage industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Pea Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Pea Protein Isolate
4.1.2 Pea Protein Concentrate
4.1.3 Textured Pea Protein Dry Textured Wet Textured
4.1.4. Hydrolyzed Pea Protein
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Isoelectric Precipitation
4.2.3 Hydrolysis
4.3 Market Share, Application
4.3.1 Food Infant Formula Confectionary Bakery Snacks Dairy Products Meat Analogs & Substitues Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 Burcon Nutrascience Corporation
6.2 Shandong Jianyuan Group
6.3 The Scoular Company
6.4 Axiom Foods
6.5 Farbest Brands
6.6 Fenchem Inc
6.7. Roquette Frerers
6.8 Sotexpro S.A.
6.9 Yantai Oriental Protein Tech Co., Ltd
6.10 Cosucra Groupe Warcoing S.A.
6.11 Hill Pharma Inc
6.12 Ingredion Inc
6.13 Kerry Inc
6.14 Prinova Group LLC
6.15 Puris, LLC
Note: Product cover images may vary from those shown
  • Burcon Nutrascience Corporation
  • Shandong Jianyuan Group
  • The Scoular Company
  • Axiom Foods
  • Farbest Brands
  • Fenchem Inc
  • Roquette Frerers
  • Sotexpro S.A.
  • Yantai Oriental Protein Tech Co., Ltd
  • Cosucra Groupe Warcoing S.A.
  • Hill Pharma Inc
  • Ingredion Inc
  • Kerry Inc
  • Prinova Group LLC
  • Puris, LLC
Note: Product cover images may vary from those shown