Pea Protein Market Size to grow by USD 272 million between 2024-2028
According to a research report “ Pea Protein Market” by Product (Isolates, Hydrolysate, Concentrates, Textured) Application (Dietary supplement, Meat substitutes, Bakery goods, Beverages, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 272 million, at a CAGR of 14.16% during the forecast period. The global pea protein market is poised for significant growth due to the increasing adoption of plant-based diets, which prioritize fruits, vegetables, nuts, seeds, whole grains, and legumes. These dietary choices, driven by a preference for sustainable and health-conscious eating habits, predominantly consist of plant-based proteins, such as peas and soy. The nutritional benefits of plant-based diets, including their low saturated fat and cholesterol content and rich vitamin, mineral, and fiber profiles, have been linked to numerous health advantages. Specifically, pea protein, a key component of plant-based diets, provides essential nutrients like vitamins A, B1, C, and E, magnesium, and iron. This trend is expected to fuel market expansion for pea protein during the forecast period..
Browse market data tables, figures, and in-depth TOC on “Pea Protein Market” by Product (Isolates, Hydrolysate, Concentrates, Textured) Application (Dietary supplement, Meat substitutes, Bakery goods, Beverages, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the Isolates segment is projected to dominate the market size in 2024
Pea protein isolates, derived from yellow peas through advanced extraction techniques, represent a significant source of high-value protein. These isolates undergo a cold-water filtration process to eliminate fibers and starch, resulting in a powder containing approximately 80% protein by volume. Rich in essential amino acids like leucine, arginine, and glutamine, pea protein isolates are soy-free, gluten-free, hypoallergenic, and non-GMO. Retaining the natural pea taste, these isolates can be seamlessly integrated into various food applications, such as pancakes and bread, without compromising taste or texture.
By Application, Dietary supplement segment is expected to hold the largest market size for the year 2024
Pea protein, a rich source of branched-chain amino acids, particularly arginine, has gained significant attention in the dietary supplement industry due to its benefits in muscle growth and improved blood flow. Its easy digestibility and versatility in various diets make it an ideal choice for weight loss formulations. The global market for pea protein powder has witnessed substantial growth in recent years, driven by the rising incidence of lifestyle diseases, such as obesity, and the increasing consumer preference for healthier weight loss solutions. This plant-based protein effectively supports muscle development and contributes to weight management, making it a popular choice for fitness enthusiasts and health-conscious consumers alike.
North America is forecasted to hold the largest market size by region in 2024
The pea protein market is experiencing significant growth due to its increasing adoption in various industries, particularly in food and beverages, due to its nutritional benefits and sustainability. Pea protein is a high-quality plant-based alternative to animal-derived proteins, offering comparable nutritional value with a lower carbon footprint. Companies are investing in research and development to expand its applications, driving market expansion. Pea protein's versatility and health advantages make it an attractive option for consumers seeking sustainable and ethical protein sources.
The Pea Protein Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Pea Protein Market is experiencing significant growth due to the increasing demand for plant-based alternatives to traditional animal proteins. Pea protein, derived from yellow field peas, is a popular choice for those who are lactose intolerant, vegetarians, or simply prefer a natural origin protein source. This versatile ingredient comes in various forms, including textured pea protein and pea protein concentrates and isolates. Textured pea protein offers a meat-like texture, making it an excellent option for meat substitutes. Pea protein concentrates and isolates, on the other hand, provide excellent nutritional value with high levels of satiety support, muscle repair, and energy balance. Product innovation in the pea protein market continues to drive growth, with new applications in food formulations, such as foaming and texture enhancement, emulsification, and calcium fortification. Consumer priorities for clean label products with minimal processing have also fueled the demand for pea protein, which is free from common allergens and offers a natural origin. Pea protein's benefits extend beyond vegetarian and vegan populations, as it is also popular among health and wellness enthusiasts for its weight management and muscle building properties. Additionally, pea protein is derived from peas, which can be sourced from peanuts, almonds, or soy, making it a sustainable and eco-friendly choice. Overall, the pea protein market is poised for continued growth as consumers seek out plant-based protein options that offer both taste and nutrition.
Market Research Overview
The Pea Protein Market is witnessing significant growth due to the increasing demand for plant-based protein sources in various industries such as food & beverages and personal care & cosmetics. Wet pea protein and dry pea protein are the two main types of pea protein, with the latter being more commonly used in food applications. Fava beans, lentils, chickpeas, green peas, and yellow field peas are among the legumes used for protein extraction. Pea protein concentrates and isolates are popular choices for dietary supplement applications, weight control, and muscle repair. Brands like Roquette, Amway, and SIG dominate the market, offering pea protein isolates that are easily digestible and suitable for vegan diets. Pea protein is used in a wide range of food applications, including fruit juice mixes, energy powders, fibrous content in baked goods, meat products, cakes & pastries, and dietary supplements. It is also used as a texturizing agent in plant-based meats, providing a more realistic texture and taste. The market is driven by consumer preferences for flexitarian lifestyles, vegetarian and plant-based diets, and environmental sustainability initiatives. Pea protein is a versatile and nutrient-dense alternative to animal-derived sources like whey, almond protein, or casein. It offers numerous health benefits, including bone health, lower blood pressure, and weight loss. The market is expected to continue growing, driven by product innovation, consumer awareness, and the need for alternative protein sources for various applications, including baked savories, breakfast cereals, and meat substitutes. However, fluctuations in prices, import delays, and reduced yields due to agriculture and climate change can impact the market's growth. Exporters and importers play a crucial role in the market's growth, as they facilitate the global distribution of pea protein and contribute to its multifunctional applications. The largest share of the market is held by North America and Europe, with Asia Pacific expected to grow at a significant rate due to increasing consumer awareness and demand for plant-based protein sources. Pea protein's environmental sustainability, nitrogen fixation, and sustainable crop choice make it an attractive option for food manufacturers and consumers alike. Its versatility, nutritional value, and protein extraction processes are continually evolving to meet the demands of various industries and consumer preferences. In conclusion, the pea protein market is a dynamic and growing industry driven by consumer trends, health and wellness, and environmental sustainability initiatives. Its versatility, nutritional benefits, and eco-conscious nature make it a popular choice for various applications, from food and beverages to personal care and cosmetics. As research and innovation continue, we can expect to see even more attractive and high-purity pea protein products on the market.
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