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Global Pea Protein Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Industry Events and Developments; Price Analysis; Competitive Landscape, 2022-2027

Pea Protein Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global Pea Protein market reached a value of about USD 74 million in 2021. The industry is projected to grow at a CAGR of around 19.2% in the forecast period of 2022-2027 to reach a value of about USD 212 million by 2027.

The global Pea Protein industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the increasing trend of veganism among consumers. North America is the highest category spender by region, driving the demand for the Pea Protein industry.

Industry Definition and Segmentation

Pea protein is derived from yellow peas that may be used as a dairy and meat substitute. It contains high protein content and is appealing for nutrition, notably for children, the elderly, lactose-free foods, vegetarianism, and organic foods. The product is classified as isolate, concentrate, or textured and is divided into two types based on their appearance: dry and moist. The Pea Protein industry report comprises segments by Type (Isolate, Concentrate, Textured), Form (Dry, Wet), Application (Functional Food, Beverages, Sports Nutrition, Pharmaceuticals, Meat Additives, Bakery and Confectionery, Others), and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North American Region is Driving the Growth of the Industry

North America holds the largest share in the industry as Consumers in the region are increasingly seeking meat and dairy substitutes for environmental and health reasons. The United States is a prominent region in the sector as pea protein is in high demand in the United States, particularly in the beverage industry. The substantial pea output in Canada is assisting the sector in North America.

The market is being aided by the increasing shift among consumers towards meat substitutes for health, environmental, and animal-rights reasons. The changing consumption patterns like choosing vegan or vegetarian diets are furthering the market's expansion. In addition, the multiple health advantages of pea protein are propelling the industry forward. It aids in blood circulation, calcium absorption, and blood sugar regulation. It's becoming more popular in the sports nutrition industry since it's a low-calorie protein choice that helps with muscle building and weight management. As a result, the sector is likely to witness a positive impact.

Best Procurement Practices

The global Pea Protein industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Pea Protein regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Pea protein is produced using a process that includes both dry and liquid stages. The outer shell of the pea is first removed by mechanical action during a dry process. A flour incorporating soluble fibres, carbohydrates, and proteins is formed after milling. Pea proteins are water-soluble; thus, wet filtering and centrifugation are employed to separate them from fibre and starch. After that, there are two ways to get the protein isolate: One method is to freeze the proteins at incredibly high temperatures until they reach their isoelectric point. It produces a thermo-coagulated protein that may be used in animal feed. The second procedure is to precipitate the protein to its isoelectric point and then solubilise the dry spray. It creates a white powder of purified protein that humans may consume.

Changing Consumer Preferences, Further Driving the Procurement of Pea Protein

The growing shift towards gluten is driving the industry- and lactose-free products as customers are allergic to or sensitive to dairy, eggs, and other gluten-containing goods. Consumers are also converting from soy to pea protein since they are non-GMO. The industry's growth is also aided by the increasing number of innovations that are taking place. Primary food and beverage companies also provide plant-based or vegan alternatives to traditional items, which will help the global pea protein market grow even more. Other crucial factors, such as the burgeoning urban population and the increased interest among younger customers, further boost the market demand.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Pea Protein Industry Report

  • Roquette Frères S.A
  • Burcon NutraScience Corporation
  • Axiom Foods Inc
  • Farbest-Tallman Foods Corporation
  • Cosucra Groupe Warcoing SA

Market Landscape

The market has a high level of consolidation. Key market players are concentrating on expanding their footprint through partnerships and collaborations. These businesses are well-established in North America, Asia Pacific, and Europe. They also have production facilities in these areas and significant distribution networks. Most of the major firms are concentrating their efforts on developing indigenous technology for extracting high-quality powders. In addition, manufacturers are expected to form relationships with e-commerce platforms to ensure that their products are always available. The market's opportunity sectors include sports, newborn formula, and the animal feed industry.

Key Initiatives by Companies

  • VITESSENCE TEX Crumbles 102 was released by Ingredion Incorporated in July 2021. Protein with a rough surface Food manufacturer may use VITESSENCE TEX Crumbles 102 to develop consumer-favourite replacement meat products without losing taste or texture. Pea protein is the name of the textured protein, which contains 65 percent protein.
  • Ingredion Incorporated and Grupo arcor decided to create a joint venture in December 2021 to extend their food and beverage ingredient supply to clients in Argentina, Chile, and Uruguay by combining their manufacturing experience, complementing geographic footprints, and marketing skills.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pea Protein Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pea Protein Historical Market (2017-2021) 
    8.3    Global Pea Protein Market Forecast (2022-2027)
    8.4    Global Pea Protein Market by Type
        8.4.1    Isolate
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Concentrate
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Textured
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Pea Protein Market by Form
        8.5.1    Dry
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Wet
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Pea Protein Market by Application
        8.6.1    Functional Food
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Beverages
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Sports Nutrition
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Pharmaceuticals
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Meat Additives
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Bakery and Confectionery
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Pea Protein Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Burcon NutraScience Corporation    
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Axiom Foods, Inc.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Farbest-Tallman Foods Corporation 
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Cosucra Groupe Warcoing SA
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Roquette Frères S.A.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Shandong Jianyuan group
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Industry Events and Developments

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Key Questions Answered in the Report

The global Pea Protein market size was valued at USD 74 million in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 19.2%.

The significant demand for dairy and gluten-free products is one of the essential drivers of the Pea Protein market growth.

Roquette Frères S.A, Burcon NutraScience Corporation, Axiom Foods Inc, Farbest-Tallman Foods Corporation, Cosucra Groupe Warcoing SA, Shandong Jianyuan Group, and Others are some of the major companies in the market.

The North American region of the Pea Protein industry holds a significant share in the market.

Analyst Review

The global Pea Protein market attained a value of USD 74 million in 2021, driven by the increasing shift among consumers towards meat substitutes for health, environmental, and animal-rights reasons. In addition, the multiple health advantages of pea protein are propelling the industry forward. Aided by the growing shift towards gluten- and lactose-free products as customers are allergic to or sensitive to dairy, eggs, and other gluten-containing goods, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 19.2%. The market is projected to reach USD 212 million by 2027. Some of the leading players in the industry are Roquette Frères S.A, Burcon NutraScience Corporation, Axiom Foods Inc, Farbest-Tallman Foods Corporation, Cosucra Groupe Warcoing SA, Shandong Jianyuan Group, and Others.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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