Market Scenario

Global Pea Protein Ingredients Market is experiencing significant growth, with revenue projected to increase from US$ 1.4 billion in 2022 to US$ 7.0 billion by 2031 at an estimated CAGR of 19.9%, while its volume growth is anticipated at CAGR 9.3% between 2023 and 2031.

The food industry is constantly exploring healthier and more cost-effective protein sources as alternatives to animal-based and gluten-based proteins. Pea protein has emerged as a promising option due to its low allergenic potential, widespread availability, and high nutritional value. 

This growth is primarily driven by the increasing consumer preference for organic, natural, and healthy food products, as well as the rising prevalence of obesity and cardiovascular diseases. Green peas are low in calories, containing only 62 calories per half-cup serving. Additionally, pea protein powder is naturally free of fats and cholesterol, unlike whey and casein, and its production process is more environmentally friendly. Consequently, the growing adoption of healthy lifestyles and health-conscious products is fueling market expansion.

Furthermore, the escalating rates of obesity and cardiovascular diseases are contributing to the market's growth. The World Health Organization (WHO) reports that cardiovascular diseases (CVDs) were the leading cause of death worldwide in 2019, claiming an estimated 17.9 million lives. Pea protein, being high in fiber, can help prevent cardiovascular diseases and reduce blood pressure by lowering cholesterol levels. It may also assist in curbing hunger, aiding individuals with food cravings and obesity in their weight loss efforts. The expanding food and beverage industry offers additional opportunities for market growth.

However, the market faces challenges from the availability of alternative protein sources such as soy, wheat, and whey, which may hinder its growth.

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Market Dynamics

Driver: Increasing Health Awareness

The growing health consciousness among consumers is a significant driver in the global pea protein ingredients market. As more people become aware of the benefits of a plant-based diet, they are shifting towards healthier alternatives to animal-based proteins. Pea protein has emerged as a popular option due to its high nutritional value, including a rich amino acid profile, low allergenicity, and easy digestibility. This has spurred demand for pea protein ingredients in various food applications, including protein bars, shakes, and meat substitutes, leading to the expansion of the market.

Driver: Environmental Sustainability

Another driver of the global pea protein ingredients market is the increasing concern for environmental sustainability. Consumers and industries alike are becoming more conscious of their environmental footprint and seeking eco-friendly alternatives. Pea protein production boasts a lower carbon footprint and requires less water compared to animal-based protein sources. Additionally, peas can improve soil health by fixing nitrogen, reducing the need for synthetic fertilizers. As a result, the demand for pea protein as a sustainable protein source is growing rapidly.

Trend: Clean Label Movement

The clean label movement is a trend that is positively impacting the global pea protein ingredients market. As consumers become more concerned about the ingredients in their food products, they are seeking out those with minimal processing and easily recognizable components. Pea protein is a natural, plant-based ingredient that aligns well with the clean label philosophy. As a result, food manufacturers are increasingly incorporating pea protein into their formulations to cater to consumer preferences for clean and transparent food products.

Challenge: Sensory Properties and Functional Limitations

One of the challenges faced by the global pea protein ingredients market is the sensory properties and functional limitations of pea protein. Although it offers numerous health and environmental benefits, pea protein can sometimes impart a distinct taste and texture that may not be appealing to all consumers. Additionally, the functional properties of pea protein, such as solubility, emulsification, and foaming, can vary depending on the extraction method and may not be suitable for all food applications. To overcome these challenges, research and development efforts are underway to improve the sensory attributes and functional performance of pea protein, while maintaining its nutritional profile and sustainability credentials.

Segmental Analysis of the Global Pea Protein Ingredients Market:

By Type

Pea protein isolates are the most popular type of pea protein in the market in 2022, accounting for the largest share. This is because pea protein isolates are only minimally processed from their original form and do not have negative side effects that can come with other types of processed foods. Pea protein isolates are also easy to digest, making them an excellent choice for those with digestive issues.

Pea protein concentrates are another popular type of pea protein, but they are less processed than isolates and contain a higher percentage of fiber and other nutrients. They are commonly used in sports nutrition and weight management products.

By Source

Green peas are the most commonly used source of pea protein ingredients and hold the highest share in the market in 2022. Green peas are rich in nutrients and antioxidants, making them an excellent choice for health-conscious consumers. Moreover, green peas contain more fiber than other sources, making them a perfect food choice for those looking to increase their fiber intake.

Yellow peas are also a popular source of pea protein, but they are less commonly used in the market than green peas. Yellow peas are generally cheaper and easier to grow, making them a popular choice for food manufacturers.

By Form

The dry form of pea protein ingredient holds the highest share in the market in 2022, as it is widely used in various food products, including meat alternatives, protein bars, and baked goods. The dry form of pea protein is easy to store, has a longer shelf life, and is more cost-effective than the liquid form.

The liquid form of pea protein is gaining popularity, and it is projected to register the highest CAGR over the projection period. Liquid pea protein is more soluble and easier to incorporate into various food and beverage applications, including nutritional beverages, smoothies, and protein shakes.

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By Application

Dairy alternatives, such as milk, cheese, and yogurt, are the leading application segment in the pea protein ingredients market in 2022. This is because some people are allergic or sensitive to dairy-derived proteins like whey or casein, making pea protein isolate an excellent alternative.

Sports nutrition is another significant application segment for pea protein ingredients. Pea protein is an excellent source of amino acids, making it an ideal protein source for athletes and fitness enthusiasts. Furthermore, pea protein is gluten-free, soy-free, and dairy-free, making it suitable for individuals with food allergies or intolerances.

Regional Analysis 

In 2022, North America held the largest share of the Global Pea Protein Ingredients Market. The region's market growth can be attributed to the expanding food and beverage industry and the increasing demand for gluten-free products. Additionally, the presence of key market players in the area contributes to the rising adoption of pea protein ingredients.

Consumers in North America are becoming more health-conscious, showing a growing preference for plant-based and allergen-free food options. This trend is driving the demand for gluten-free products, which in turn is boosting the market for pea protein ingredients. The United States, in particular, has witnessed a surge in the popularity of plant-based diets and alternative protein sources, further fueling the growth of the pea protein market in the region.

Furthermore, the strong presence of major market players in North America provides a solid foundation for the development and distribution of pea protein ingredients. These companies are actively investing in research and development to create innovative pea protein products that cater to the evolving consumer preferences. The competitive landscape in the region also encourages advancements in processing technologies and product formulations, which can improve the taste, texture, and overall appeal of pea protein-based food items.

List of Key Companies Profiled:

• A&B Ingredients
• AGT Food and Ingredients Inc.
• Archer Daniels Midland Company
• Axiom Foods Inc
• Burcon NutraScience Corporation
• Cargill Inc.
• Cosucra Groupe Warcoing SA
• DuPont de Nemours, Inc.
• Emsland Group
• Farbest Brands
• Fenchem Inc.
• Glanbia PLC
• Ingredion Inc.
• Nutri-Pea Ltd.
• Puris Foods
• Roquette Freres Le Romarin
• Shandong Jianyuan Foods Co., Ltd.
• The Emsland Group
• The Green Labs LLC.
• Other Prominent Players

Segmentation Overview

The following are the various segments of the Global Pea Protein Ingredients Market:

By Type:

• Pea Protein Isolates
• Pea Protein Concentrates
• Textured Pea Protein
• Pea Protein Hydrolysate
• Pea Flour
• Others Pea Protein

By Source:

• Yellow Pea
• Green Pea

By Form:

• Dry
• Liquid

By Application:

• Nutrition and Health Supplements
• Alternative Meat Products
• Bakery & Confectionery Products
• Dairy Alternatives
• Cereals and Snacks
• Beverages
  • Ready-to-drink
  • Others
• Infant Nutrition
• Animal Feed
• Personal Care
• Others

By Region:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America