Discover a detailed analysis of the Pea Protein Market by Kings Market Research, Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.Global Pea Protein Market was estimated at USD 1,855.8 million in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 7.53% from 2024 to 2031, reaching USD 3,312.8 Million.
The benefits of a plant-based protein that is free of allergens, and sensitivities, and has been shown to improve health then pea protein is the right choice for an individual. Increasing demands for healthy products and the benefits of pea protein have doubled the demand and increased its popularity. The use of pea protein in many foods has caused an increase in demand for the product. Factors such as a trend towards living on a pea protein diet, increased food and beverages industries, and patents based around proteins have also contributed to the growth of the global pea protein market.
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Top 10 Companies:
- Cargill, Incorporated
- ETprotein
- Foodchem International Corporation
- Ingredion
- Nature Bio-Foods Ltd
- Nutri-Pea
- Roquette Frères
- Sun Nutrafoods
- Taj Agro International (Taj Pharma Group).
- The Scoular Company
Competitive Landscapes:
Key players in the pea protein market are focusing on strategic collaborations, acquisitions, and product innovations to enhance their market presence. Companies such as Roquette Frères, Burcon NutraScience, and Axiom Foods are leading the way with extensive research and development initiatives to improve product quality and meet consumer demands.
Regional Insights:
Geographically, the global pea protein market has been categorized as North America, Europe, Asia-Pacific, and Rest of the World. The largest market for pea protein is North America, followed by Europe. Due to its growing health-conscious and western-influenced populations, Asia-Pacific is a growing market because of its high populations. Since the pea protein market in China has such large growth potential, many local producers are entering the market to cater to diverse pea protein products that serve as applications for various industry areas.
Pea Protein Market is segmented as:
By Type:
- Concentrates
- Isolates
- Textured
By Source:
- Chickpeas
- Yellow Split Peas
- Others
By Application:
- Meat Alternatives
- RTD Beverages
- Dairy Alternatives
- Nut Butters
- Snacks & Bars
- Nutrition Supplements
- Animal Feed
- Others
Future Outlook:
The future of the pea protein market looks promising, with continuous advancements in food technology and growing consumer preference for sustainable and healthy food options. The market is expected to witness new product launches, increased investment in research and development, and expanded application areas, further driving growth and market penetration.
