Pea Protein Ingredients Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The pea protein ingredients market is expected to register a CAGR of 9% during 2023–2031. The increasing demand from the pet food industry is likely to be the trend in the pea protein ingredients market.

Pea Protein Ingredients Market Analysis:

• The pea protein ingredients market has experienced strong growth in the recent past, driven by increasing demand from consumers looking for plant-based protein alternatives, which is particularly attributed to the rising trend for vegetarian and vegan diets, as well as the increased awareness of sustainable and animal-friendly product choices.
• Meanwhile, pea protein is appealing because it is high in essential amino acids and, unlike many other soy- and dairy-based sources, it is not an allergen. It is used in all types of food and beverage applications, from meat substitutes, protein bars, and snacks to plant-based dairy alternatives.

Pea Protein Ingredients Market Overview

• Pea protein ingredients are foods made from yellow peas (Pisum sativum) that have been milled dry or wet and then processed to isolate the protein ingredient – pea protein – that is also often cold-pressed. These products are quite nutritious for vegetable food because they are high in essential amino acids and hypoallergenic.
• The pea protein ingredients market has witnessed considerable growth as it serves as an excellent source of plant protein, and its application potential spans across a wide range of food and beverage products.
• Pea protein is an important source of protein for the meat alternative industry, particularly in texturized vegetable protein in plant-based burgers and sausages, as well as in imitation meats, poultry, and fish products. While it is also used for dairy alternatives, such as plant-based milk, yogurt, and cheese, the tasty pea protein is used as a staple ingredient in the sports nutrition segment for protein powders and protein bars.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Pea Protein Ingredients Market: Strategic Insights

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

Pea Protein Ingredients Market Drivers and Opportunities

Growing Vegan and Vegetarian Population

• Pea protein ingredients are increasingly fueled by the rising vegan population. Rising environmental and ethical concerns, health, and lifestyle choices are pushing more people to opt for plant-based diets.
• Whether it be vegan meats, vegan dairy replacements, vegan protein supplements, or new vegan bars and snacks, pea protein is an important component of most vegan products.

Increasing Innovation in Plant-based Food & Beverages Products  

• Growing new opportunities for pea protein ingredients, more and more food manufacturers are looking into plant-based meat substitutes, dairy-free products, or vegan snacks.
• Pea protein ingredients are an easy and reliable source of innovation since their neutral taste and excellent functional properties enable manufacturers to mimic the flavors and textures of animal-based products.
• In addition, unlike soy and other plant-based proteins, pea protein is a hypoallergenic food with an excellent amino acid profile, making it an incredibly safe choice appealing to health-aware consumers.

Pea Protein Ingredients Market Segmentation

The scope of the global pea protein ingredients market is segmented based on type, category, and application.

• based on type, the market is segmented into concentrates, textured, and isolates.
• based on category, the market is bifurcated into organic and conventional.
• Based on application, the pea protein ingredients market is classified into food & beverages, pharmaceuticals & nutraceuticals, and others.

Pea Protein Ingredients Market Share Analysis by Geography

• The pea protein ingredients market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering pea protein ingredients market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers Porter's Five Forces analysis, which involves the study of major factors that influence the pea protein ingredients market in these regions.

Pea Protein Ingredients Market Regional Insights

The regional trends and factors influencing the Pea Protein Ingredients Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pea Protein Ingredients Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pea Protein Ingredients Market Report Scope

Pea Protein Ingredients Market Players Density: Understanding Its Impact on Business Dynamics

The Pea Protein Ingredients Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Pea Protein Ingredients Market are:

1. ADM
2. Cargill, Incorporated
3. Kerry Group Plc
4. Burcon
5. COSUCRA
6. Nutri-Pea

Disclaimer: The companies listed above are not ranked in any particular order.

Pea Protein Ingredients Market News and Recent Developments:

The pea protein ingredients market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• Roquette announced the extension to its NUTRALYS pea protein range. The four pea protein ingredients – NUTRALYS Pea F853M (isolate), NUTRALYS H85 (hydrolysate), NUTRALYS T Pea 700FL (textured), and NUTRALYS T Pea 700M (textured) – have been specifically created to address challenges commonly encountered when developing foods and beverages with plant proteins. (Source: Newsletter, Roquette Frères, February 2024)
• Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, announced today the launch of a new line of organic pea ingredients: organic pea starch and organic pea protein. These ingredients are produced at its plant in Portage la Prairie (MB, Canada) and supported by peas sourced from a network of organic pea growers from Canada. With these new solutions, Roquette enables its customers to choose the food they want to offer to consumers with quality, reliability, and full traceability back to the farm. (Source: Newsletter, Roquette Frères, October 2022)

Pea Protein Ingredients Market Report Coverage and Deliverables

The "Pea Protein Ingredients Market Size and Forecast (2021 – 2031)" provides a detailed analysis of the market covering below areas:

• Pea protein ingredients market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pea protein ingredients market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Pea protein ingredients market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the pea protein ingredients market
• Detailed company profiles