The yellow pea protein market is estimated to secure a valuation of US$ 3.3 billion in 2023 and is estimated to rise to US$ 11.5 billion by 2033. The market is capturing a CAGR of 14.4% during the forecast period.
The following factor driving the market are
Consumers Prefer Yellow Pea Protein as a Better Alternative Source
Changing consumers eating habits towards veganism or plant-based products is fueling the market opportunities. Fitness freak professionals and gym trainers consume soluble pea protein to stay healthy and maintain a better lifestyle. In addition, the rising population, pollution, awareness related to health consciousness and are advancing market opportunities.
Manufacturers in developed countries such as the United States and Canada develop supplement products by adding conventional yellow pea protein. These supplements contain rich iron and other nutrition that helps to reduce weight, control blood pressure and muscle growth and maintain a healthy heart.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 14.4% |
| Market Valuation (2023) | US$ 3.3 billion |
| Market Valuation (2033) | US$ 11.5 billion |
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According to Future Market Insights, the global yellow pea protein market registered a healthy 14.4% CAGR during the forecast period. Historically, the market secured a CAGR of 7.3% between 2017 and 2022.
The end-user industries, such as animal feed, food processing, infant nutrition, cosmetic and personal care, and sports nutrition, propel market growth. In addition, the veganism trends, availability of plant-based products, supply chain distributors, and social media platforms are flourishing the market opportunities. To maintain a better and non-toxic lifestyle, consumers prefer to become vegan to gain natural plant-based protein.
Athletes and prominent personalities advertise top companies' brands on social media platforms to make customers aware consumers about the product benefits. For example, in 2017, Beyond Meat announced Leonardo DiCaprio as a company's investor to increase brand popularity.
The market is estimated to reach US$ 11.5 billion during the forecast period. Historically, the market stood at US$ 2.9 billion from 2017 to 2022.
| Segment | Product Type |
|---|---|
| Top Category | Protein Isolate |
| Historic CAGR | 6.0% |
| Forecast CAGR | 13.4% |
| Segment | End Use |
|---|---|
| Top Category | Food Processing |
| Historic CAGR | 7.5% |
| Forecast CAGR | 9.8% |
Based on product type, protein isolates dominate the global market by securing a CAGR of 13.4% by 2033. The rising consumer preferences towards high protein content, proper nutrition, and better immune performance are increasing the adoption of protein isolates. In addition to this, protein isolates are better alternative supplements and are rich in nutrition to improve the digestive system with amino acids.
Manufacturers develop these products by adopting various processing techniques for fast digestion. As a result, these isolates contain low carbs and low fat and are lactose-free. In the historical period, protein isolate secured a CAGR of 6.0% between 2017 and 2022.
Based on the end-use industry, food processing is anticipated to capture a CAGR of 9.8% by 2033. The increasing demand for conventional yellow pea protein and vegan ingredients is growing in the food processing sector. Moreover, food processing manufacturers invest a lot in plant-based products, including vegan pastries.
The rise in meat allergies and non-digestion of animal-based products is expected to fuel the food processing sector by 2033. Historically, food processing captured 7.5% between 2017 and 2022.
Principal Consultant
| Country | United States |
|---|---|
| Historic CAGR | 7.1% |
| Forecast CAGR | 8.9% |
| Valuation 2033 | US$ 1.69 billion |
| Country | United Kingdom |
|---|---|
| Historic CAGR | 6.2% |
| Forecast CAGR | 11.6% |
| Valuation 2033 | US$ 0.5 billion |
| Country | China |
|---|---|
| Historic CAGR | 9.1% |
| Forecast CAGR | 13.2% |
| Valuation 2033 | US$ 0.9 billion |
| Country | Germany |
|---|---|
| Historic CAGR | 6.6% |
| Forecast CAGR | 9.8% |
| Valuation 2033 | US$ 0.5 billion |
| Country | Spain |
|---|---|
| Historic CAGR | 7.4% |
| Forecast CAGR | 9.4% |
| Valuation 2033 | US$ 0.1 billion |
The United States is anticipated to capture a CAGR of 8.9% with a valuation of US$ 1.69 billion by 2033. The growing vegan population to improve animal welfare is driving market opportunities in the country. In addition, rising new market entrances, huge investments, urbanization, and availability of raw materials are propelling the United States yellow pea protein market.
Growing consumer awareness of health and rising demand for organic products and high-protein dietary supplements are increasing the market growth. In addition, the increasing consumption of soluble pea protein and rising consumer preference for lactose-free products are widely adopted to reduce cardiovascular diseases. As a result, in the historical period, the United States secured a CAGR of 7.1% between 2017 and 2022.
Germany is anticipated to capture a CAGR of 9.8% with a valuation of US$ 0.5 billion by 2033. The increasing fitness freak consumers' demand for dietary supplements and organic products is bolstering the market size in the country. In addition, the growing popularity of sports nutrition, such as energy drink, bars, cereals, and rich protein supplements, are increasing the German yellow pea protein market.
The food & beverages manufacturers develop nutrition in forms including liquid and powder. Vegan beverages reduce fat, carbs, and cholesterol levels, resulting in a healthy lifestyle. In Germany, these dietary supplements and enriched nutritional powder based on yellow pea protein promote market growth. In the historical period, Germany secured a CAGR of 6.6% between 2017 and 2022.
China is a significant growing nation securing a CAGR of 13.2% with a valuation of US$ 0.9 billion during the forecast period. Rising meditation and physical fitness activities are increasing the demand for yellow pea protein in the country. In addition, vegan or plant-based products improve muscle, reduce allergies, and intake of proper nutrients are surging China's yellow pea protein market growth.
Increasing food processing and sports nutrition sectors are advancing the market growth in the country. Furthermore, the rising agriculture sector to grow rich iron and protein-containing plants are booming the market in the country. In addition, the government is promoting organic farming to avoid toxic and harmful food product ingredients. As a result, in the historical period, China captured a CAGR of 9.1% between 2017 and 2022.
The United States is anticipated to register a CAGR of 11.6% with a valuation of US$ 0.5 billion by 2033. The increasing cosmetic & personal care sector is due to the country's rising plant-based products for beauty treatment and glowing skin. Top cosmetic manufacturers widely use plant-based beauty ingredients, including Aloe Vera, Jojoba oil, etc.
Rising consumer wellness and health concerns by shifting towards vegan products are increasing the growth of the United States yellow pea protein market. Manufacturers are innovating high-quality products that boost energy efficiency and maintain proper nutrients for their consumers, driving the country's market growth. In the historical period, the United Kingdom captured a CAGR of 6.2% between 2017 and 2022.
Start-up Companies are Adopting Natural Components to Develop Unique Products
Start-up companies are investing in research & development activities to come up with unique products. For example, they are innovating potato chips by adding natural components with artificial flavors.
PeaTos, a United States-based start-up, provides pea-based snacks by adding clean components and natural ingredients to develop high-fiber and protein-content chips.
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Increasing prominent players consolidate the market. These market players contact directly with farmers and limit extra costs. The players innovate several vegan-based products as per consumer demand. The producers introduce several high-quality plant-based products that attract customers' attention.
The key players invest in research and development activities to acquire maximum output in the global market. In addition, these players adopt several marketing tactics, including partnerships, mergers, collaborations, agreements, and product launches.
Recent Developments in the Market are
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Processing Type, End Use, Region |
| Key Companies Profiled | Cargill Inc.; DuPont de Nemours, Inc.; The Scoular Company; Axiom Foods, Inc.; Glanbia Ple; Roquette Frères; Kerry Group PLC; Bata Food; Shandong ianyan Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global market size to reach US$ 11.5 billion by 2033.
The United States is projected to emerge as a lucrative market.
The growth potential of the yellow pea protein market is 14.4% through 2033.
High cost of adoption is likely to limit market growth.
The United Kingdom is likely to generate a CAGR of 11.6% in 2023
1. Executive Summary | Yellow Pea Protein Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Pea Protein Concentrates
5.3.2. Pea Protein Isolates
5.3.3. Textured Pea Protein
5.3.4. Hydrolysed Pea Protein
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033
6.3.1. Dry
6.3.2. Liquid
6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application , 2023 to 2033
7.3.1. Meat Substitutes
7.3.2. Bakery Products
7.3.3. Dietary Supplements
7.3.4. Nutraceuticals
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product
9.2.3. By Form
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Form
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product
10.2.3. By Form
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Form
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Product
11.2.3. By Form
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Form
11.3.4. By Application
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Product
12.2.3. By Form
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Form
12.3.4. By Application
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Product
13.2.3. By Form
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Form
13.3.4. By Application
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Product
14.1.2.2. By Form
14.1.2.3. By Application
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Product
14.2.2.2. By Form
14.2.2.3. By Application
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Product
14.3.2.2. By Form
14.3.2.3. By Application
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Product
14.4.2.2. By Form
14.4.2.3. By Application
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Product
14.5.2.2. By Form
14.5.2.3. By Application
14.6. United kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Product
14.6.2.2. By Form
14.6.2.3. By Application
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Product
14.7.2.2. By Form
14.7.2.3. By Application
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Product
14.8.2.2. By Form
14.8.2.3. By Application
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Product
14.9.2.2. By Form
14.9.2.3. By Application
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Product
14.10.2.2. By Form
14.10.2.3. By Application
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Product
14.11.2.2. By Form
14.11.2.3. By Application
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Product
14.12.2.2. By Form
14.12.2.3. By Application
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Product
14.13.2.2. By Form
14.13.2.3. By Application
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Product
14.14.2.2. By Form
14.14.2.3. By Application
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Product
14.15.2.2. By Form
14.15.2.3. By Application
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Product
14.16.2.2. By Form
14.16.2.3. By Application
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Product
14.17.2.2. By Form
14.17.2.3. By Application
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Product
14.18.2.2. By Form
14.18.2.3. By Application
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Product
14.19.2.2. By Form
14.19.2.3. By Application
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Product
14.20.2.2. By Form
14.20.2.3. By Application
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Form
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Ingredion Incorporated
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. The Emsland Group
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Axiom Foods, Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Bata Food
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. The Green Labs LLC
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. The Scoular Company
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Kerry Group PLC
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Glanbia
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Cargill Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Puris Proteins LLC
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Yellow Pea Protein Market
