According to the recent FMI report, the pea protein market size is anticipated to cross a value of US$ 204.5 Million in 2032. As per the pea protein market analysis report, currently, its net worth is around US$ 65 Million, and it is expected to grow at an impressive CAGR of 11.8% approximately between 2022 and 2032.
Since individuals throughout the world have started to worry more about their health, a high-protein diet has become more and more popular. Consumers are forced to look for nutrients in packaged food products due to their increasingly busy lifestyles, which has created a significant market for a variety of alternatives, such as pew protein powder.
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The main factors influencing the acceptance of a diet high in pea protein are the shift in fitness preferences, especially among millennials, and the rise in chronic illnesses brought on by new lifestyles. Due to growing consumer interest in sports nutrition products as a result of better understanding of bone and muscle health, the pea protein market is anticipated to grow.
Customers’ shifting needs and a growing interest in non-GMO, gluten-free, and hexane-free goods are projected to stimulate R&D and propel the pea protein business forward. The manufacturing technique, the qualities of the end product, and the cost of obtaining multiple permits all have a considerable impact on the price of organic pea protein, making new entrants attractive.
Key Takeaways from the Pea Protein Market Study:
- Pea protein isolate is the most popular product type of this market sector making it the largest segment with a share of more than 50% of total sales
- In 2021, North America accounted for about 44% of global revenue, dominating the pea protein industry worldwide.
- The demand for the textured pea protein in meat processing is expected to expand as a result of the existence of key meat product companies in the U.S., including JBF, Tyson, National Foods, and Cargill.
Competitive Landscape
US, France, Spain, U.K., and Germany, Italy are the major countries driving demand for Pea Protein Market. The name of some of the renowned pea protein market key players are Burcon Nutrascience, Roquette Freres, The Scoular Company, DuPont, Cosucra Groupe Warcoing SA, Nutri-Pea Ltd., Shandong Jianyuan Group, Sotexpro SA, Ingredion, Inc., Axiom Foods, Inc., Fenchem Inc., and Martin & Pleasance.
Get Valuable Insights into Pea Protein Market
FMI, in its new offering, provides an unbiased analysis of Pea Protein Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Pea Protein based on by Nature (Organic, Conventional), Product Type (Protein Concentrates, Protein Isolates, Textured Protein, Hydrolysed Protein), End Use (Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic and Personal Care), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )
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Pea Protein Market by Category
By Nature:
- Organic
- Conventional
By Product Type:
- Protein Concentrates
- Protein Isolates
- Textured Protein
- Hydrolyzed Protein
By End Use:
- Food Processing
- Meat Alternatives
- Bakery Products
- Confectionery
- Snacks & Cereals
- Meat-Based Products
- Functional Beverages
- Others
- Animal Feed
- Livestock
- Cattle
- Swine
- Poultry
- Pet Food
- Aquafeed
- Livestock
- Nutraceuticals
- Sports Nutrition
- Infant Nutrition
- Cosmetic and Personal Care
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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