The demand for pea protein in Western Europe is projected to expand at a CAGR of 10.4% through 2033. Pea protein sales in Western Europe are expected to maneuver well in the upcoming years, as key players predict a valuation of USD 2,956 million by 2033.
Researchers are exploring pea protein to replace plant proteins like soybean that yield a high carbon footprint, consequently creating positive prospects for pea protein in the future. To win over customers, companies in the end-use sector are boosting their products' attractiveness by increasing the protein profile of plant-based dairy alternatives.
Increasing consumer trends for plant-based diets are projected to lift the sales prospects of pea protein in the food processing industry. Apart from this, incorporating pea protein in sports nutrition and weight management supplements is expected to expand business horizons.
Attributes | Details |
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Industry size of Western European countries | USD 1,101 million |
Expected Industry Size of Western Europe in 2033 | USD 2,956 million |
Forecasted CAGR between 2023 to 2033 | 10.4% |
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Top Product | Protein Isolates |
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Industry Share in 2023 | 46.2% |
Pea protein isolates are predicted to account for 46.2% share. The demand for pea protein is escalating in nutritional supplements owing to the high protein profile of isolates. The booming sports and nutrition sector in industrialized countries of Western Europe like the United Kingdom and Germany is predicted to support the consumption of pea protein isolates.
Top End-use Industry | Dry Processing |
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Industry Share in 2023 | 70.2% |
Dry processing finds high preference among key players as it yields higher protein volume, which is highly sought by end-use industries. As per the latest analysis, the dry processing segment is predicted to account for a 70.2% share in 2023. Other factors fueling investment in dry processing machinery include:
Countries | CAGR (2023 to 2033) |
---|---|
United Kingdom | 11.6% |
Germany | 10.3% |
France | 10.8% |
Netherlands | 12.9% |
The United Kingdom can be seen frontwards when it comes to the adoption of pea protein in food processing and animal feed. The country is promoting the use of pea protein as suggested by the following factors:
Pea protein sales in Germany are expected to grow 10.3% CAGR through 2033. The following factors back the positive outlook for the pea protein business in Germany:
France is predicted to register sales of pea proteins at a CAGR of 10.8% through 2033. The country offers a conducive environment for businesses offering pea protein. Mentioned below are the key factors spearheading the sales of pea protein:
Consumption of pea protein in the Netherlands is predicted to increase at a CAGR of 12.9%, making the country a lucrative land for pea protein business. Over the assessment period, the sales of pea protein are predicted to be shaped by:
Key players in pea protein in Western Europe are buckling down to research and development of advanced extraction technology to obtain premium pea proteins. Participants can be seen uniting with companies in end-use industries like food processing to develop product offerings enriched with pea protein.
Apart from this, producers are collaborating with eCommerce portals to strengthen the accessibility of products. With robust marketing plans, key players can highly profit from significant pea protein prospects in Western Europe.
New Developments Enhancing the Scope of Pea Protein in Western Europe
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The demand for pea protein in Western Europe is anticipated to rise at a CAGR of 10.4% through 2033.
The demand for pea protein in Western Europe is likely to be USD 2,956 million by 2033.
Innovations in offerings and surging research and development efforts are the key strategies.
The food processing segment accounts for significant product sales.
The preference for protein isolates is higher compared to other products among consumers.
Estimated Industry Size (2024E) | USD 166.8 Million |
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Projected Value (2034F) | USD 465.2 Million |
Value-based CAGR (2024 to 2034) | 10.8% |
Estimated Market Value (2024E) | USD 1,604.3 million |
---|---|
Projected Market Revenue (2034F) | USD 4,723.9 million |
Value CAGR (2024 to 2034) | 11.4% |
Market Valuation (2023) | USD 3.3 billion |
---|---|
Market Valuation (2033) | USD 11.5 billion |
Market CAGR (2023 to 2033) | 14.4% |
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