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.
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 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.
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.
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.
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.
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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
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
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 Global Pea Protein Market by Form
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.6 Global Pea Protein Market by Application
8.6.1 Functional Food
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.6.3 Sports Nutrition
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.6.5 Meat Additives
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6.6 Bakery and Confectionery
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.7 Global Pea Protein Market by Region
8.7.1 Market Share
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 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
188.8.131.52 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
184.108.40.206 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
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
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.2 Axiom Foods, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.3 Farbest-Tallman Foods Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.4 Cosucra Groupe Warcoing SA
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.5 Roquette Frères S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.6 Shandong Jianyuan group
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14 Industry Events and Developments
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.
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.
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