The pea protein ingredients market is projected to be valued at USD 1.6 billion in 2023 and is rising to USD 3.4 billion by 2033. The sales of pea protein ingredients grow at a CAGR of 7.9% during the forecast period. Various factors propelling the market for pea protein ingredients are:
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The number of food allergies is growing due to the end users consuming different types of animal protein. These consumers' shifting preferences towards pea protein ingredients for better substitutes are driving market opportunities.
According to NIAID (National Institute of Allergy and Infectious Disease), milk, eggs, seafood, and red meat cause food allergies. Due to this, many meat consumers prefer plant-based protein meat substitutes are driving the demand for pea protein ingredients.
The various egg-based food items such as cakes, vermicelli, cookies, and pasta are increasing the adoption of pea protein ingredients. According to CDC (Centers for Diseases Control and Prevention), around 12.2 million people suffer from food allergies in the USA The top food companies are growing the demand for pea protein ingredients to lower allergy rates in recent years.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 7.9% |
| Market Valuation (2023) | USD 1.6 billion |
| Market Valuation (2033) | USD 3.4 billion |
Future Market Insights projects the global pea proteins market to expand at a healthy 7.9% CAGR during the forecast period. Historically, the market registered a CAGR of 12.5% between 2017 and 2022.
The expansion of the pea protein ingredients market is attributable to increasing consumer awareness regarding the benefits of preventative healthcare. Consumers are opting for healthy plant-based proteins to achieve the right balance of nutrients against diseases caused due to nutrient deficiency.
Aside from the health benefits provided by pea protein ingredients, producers take initiatives to improve market expansion through various marketing strategies. For instance, brands promote the benefits of pre-protein ingredients in various online forums and magazines. Some of them, such as Shape magazine and Men’s Health magazine, are driving the sales of pea protein ingredients. These online magazines and portals offer diet and lifestyle information and provide regular updates.
The market is estimated to reach USD 3.4 billion during the forecast period. In the historical period, the market stood at a valuation of USD 1.4 billion from 2017 to 2022.
Principal Consultant
| Segment | Product Type |
|---|---|
| Top Category | Isolates |
| Historic CAGR | 12.2% |
| Forecast CAGR | 7.8% |
| Segment | Foam |
|---|---|
| Top Category | Powder |
| Historic CAGR | 11.8% |
| Forecast CAGR | 7.6% |
Based on product type, the isolates category dominates the global market by securing a CAGR of 7.8% during the forecast period. The rising demand for isolated pea protein ingredients in the sports nutrition industry to maintain their supplements is increasing market opportunities. The rising nutrition supplements in energy drinks, bakery items, and meat products are increasing the demand for isolates.
Adopting isolated pea protein ingredients in the meat to texturing and providing high amino acid and solubility increases the market expansion. Developed countries such as the USA and the United Kingdom are growing the production of isolates during the forecast period. Historically, the isolate's pea protein ingredients contributed a CAGR of 12.2% from 2017 to 2022.
The powder form of pea protein ingredients is estimated to hold a CAGR of 7.6% during the forecast period. Pea protein is an excellent source of iron and a high-quality protein. It helps in gaining muscle, losing weight, and improving heart health.
Including pea protein powder in everyday diet can help consumers with iron deficiency. In the historical period, the powder form of pea protein ingredients contributed a CAGR of 11.8% from 2017 to 2022.
According to FMI, the bakery sector's demand for pea protein ingredients is projected to grow at a 9.9% CAGR. The segment is expected to reach a valuation of USD 341.1 million in 2021.
Pea protein ingredients are becoming increasingly popular in providing nutrients to food while keeping gluten-free items together. The product offers various health benefits and has a 25% protein content. According to Baking Business, this percentage is higher than wheat and rice, which are 13 % and 7%, respectively.
Top Countries Data Table Mentioned Below:
| Country | USA |
|---|---|
| CAGR (2017 to 2022) | 12.1% |
| CAGR (2023 to 2023) | 7.7% |
| Valuation (2023 to 2033) | 1.2 billion |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 11.1% |
| CAGR (2023 to 2023) | 7.2% |
| Valuation (2023 to 2033) | 143.1 million |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 11.7% |
| CAGR (2023 to 2023) | 7.3% |
| Valuation (2023 to 2033) | 244 million |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 10.6% |
| CAGR (2023 to 2023) | 6.4% |
| Valuation (2023 to 2033) | 199.4 million |
| Country | South Korea |
|---|---|
| CAGR (2017 to 2022) | 9.2% |
| CAGR (2023 to 2023) | 5.7% |
| Valuation (2023 to 2033) | 117.3 million |
The USA is expected to dominate the North American pea protein ingredients, holding a CAGR of 7.7% from 2023 to 2033. The USA secured a valuation of USD 1.2 billion during the forecast period. Consumers increasingly prefer clean-label items in food and beverage products in the USA.
However, pea protein is a gluten-free and non-GMO (Genetically Modifies Organism) product and belongs in the clean-label food category. In the food sector, rising demand for vegan, non-GMO, gluten-free, and organic products boosting sales of pea protein ingredients in the USA In the historical period, the USA pea protein ingredients market secured a CAGR of 12.1% from 2017 to 2022.
The United Kingdom pea protein ingredients market is anticipated to account for a CAGR of 7.2% with a valuation of USD 143.1 million during the forecast period. Increasing ethical concerns about animal slaughter, rising health consciousness, and environmental awareness increase the United Kingdom market opportunities. The increasing incidence of lifestyle disorders such as obesity and overweight drive sales of pea protein ingredients in the United Kingdom
Rising adoption of dietary supplement items containing pea protein ingredients, such as smoothies, ready-to-eat food, and ready-to-drink beverages, drive the United Kingdom market growth. In the historical period, the United Kingdom pea protein ingredients market secured a CAGR of 11.1% from 2017 to 2022.
The China pea protein ingredients are estimated to reach a valuation of USD 244 million with a CAGR of 7.3% during the forecast period. Growth can be attributed to expansion strategies being adopted by the manufacturers in the China market.
Many food and beverage manufacturers use pea protein to improve products' nutritional and functional quality. Advancements in high-quality protein and growing demand for sustainable and affordable vegetarian protein products drive China market growth. In the historical period, the China pea protein ingredients market secured a CAGR of 11.7% from 2017 to 2022.
Japan is projected to occupy a CAGR of 6.4% with a valuation of USD 199.4 million during the forecast period. Expansion of the nutritional supplement sector is a significant driver of Japan's pea protein ingredients market. In recent years, the number of gyms and fitness clubs in the country has increased dramatically.
The country is likely to be driven by the market by increasing sales of nutritional and dietary supplements. Japan is a lucrative market because of its vast vegetarian population, rising purchasing power, and awareness regarding dietary protein.
Furthermore, the government of Japan is committed to providing affordable and nutritious products, including pea protein and various other products. These factors are expected to continue pushing sales of pea protein ingredients in Japan over the assessment period. In the historical period, the Japanese market secured a CAGR of 10.6% from 2017 to 2022.
Leading players invest in research and development to bring new products and services to the market. In addition, manufacturers are entering into strategic partnerships with end users and regional distributors to meet the needs of a growing client base. For instance:
Glanbia Performance Nutrition, Inc., expanded its HarvestPro line of vegetarian plant proteins with new Canadian pea protein ingredients. It incorporates flax, chia, and ancient grain ingredients in the company's popular range of vegetarian proteins. Moreover, the new HarvestPro offers significant flavor advantages over standard pea protein ingredients relative to the desired application and flavor profile.
In addition to this, the company also utilizes its proprietary processing methods to expand particle size options and increase ingredient functionality. The company opened a next-generation grains processing facility in South Dakota, the USA Setting high standards of commitment towards product innovation, food safety, and quality.
Some of the prominent players in the market are:
Recent Development in the Market:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Application, Foam, Region |
| Key Companies Profiled | A&B Ingredients Inc.; Nutri Pea Ltd.; Archer Daniels Midland Company; Kerry Group PLC.; Cargill Incorporated; The Scoular Company; Axiom Foods, Inc.; Batory Foods; PLT Health Solutions; Prinova Group LLC; Burcon Nutrascience; Cosucra Groupe Warcoing; Glanbia Plc.; Roquette Frerès SA; AGT Food & Ingredients, Inc.; World Food Processing L.L.C.; Yantai T. Full Biotech Co. Ltd.; Suzhou Wanshen Flour Products Co. Ltd.; Shandong Jindu Talin Foods Co. Ltd.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Work shoes made of PU material are highly sought after in the global market.
The global market value is pegged at USD 1.6 billion for the year 2023.
The global market size is poised to be around USD 3.4 billion by 2033.
Demand for nutritional products has boosted sales to expand at 7.9% CAGR through 2033.
The global market value achieved a 12.5% CAGR from 2017 to 2022.
1. Executive Summary | Pea Protein Ingredients Market
2. Market Overview
3. Market Background
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Isolates
5.2. Concentrates
5.3. Textured
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application
6.1. Bakery and Snacks
6.2. Dietary Supplements
6.3. Beverages
6.4. Meat Analogs/Substitutes
6.5. Others
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form
7.1. Powder
7.2. Liquid
8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
8.1. North America
8.2. Latin America
8.3. Europe
8.4. East Asia
8.5. South Asia
8.6. Oceania
8.7. MEA
9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
15. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
16. Key Countries Market Analysis
17. Market Structure Analysis
18. Competition Analysis
18.1. A&B Ingredients Inc.
18.2. Nutri Pea Ltd.
18.3. Archer Daniels Midland Company
18.4. Kerry Group PLC.
18.5. Cargill Incorporated
18.6. The Scoular Company
18.7. Axiom Foods, Inc.
18.8. Batory Foods
18.9. PLT Health Solutions
18.10. Prinova Group LLC
18.11. Burcon Nutrascience
18.12. Cosucra Groupe Warcoing
18.13. Glanbia Plc.
18.14. Roquette Frerès SA
18.15. AGT Food & Ingredients, Inc.
18.16. World Food Processing L.L.C.
18.17. Yantai T. Full Biotech Co. Ltd.
18.18. Suzhou Wanshen Flour Products Co. Ltd.
18.19. Shandong Jindu Talin Foods Co. Ltd.
19. Assumptions & Acronyms Used
20. Research Methodology
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Pea Protein Ingredients Market
