Pea Protein Market

Pea Protein Market by Type (Isolates, Concentrates and Textured), Application (Food, Beverages), Form (Dry, Wet), Source (Chickpeas, Yellow Split Peas, Lentils), Processing Method (Dry, Wet) and Region - Global Forecast to 2029

Report Code: FB 2741 Feb, 2024, by marketsandmarkets.com

The pea protein market is estimated at USD 2.1 billion in 2024 and is projected to reach USD 3.7 billion by 2029, at a CAGR of 12.0% from 2024 to 2029.

As consumer priorities shift towards health and wellness, pea protein gains traction due to its association with various health benefits such as muscle building, weight management, and satiety support. This alignment with prevailing health trends drives demand among individuals seeking nutritious and functional food options. Pea protein's natural origin and minimal processing address consumers' preference for clean label products. Its incorporation in food formulations enables manufacturers to meet the demand for transparent ingredient lists, fostering trust and loyalty among discerning consumers.

The allergen-free nature of pea protein, devoid of common allergens like soy and dairy, makes it suitable for individuals with dietary restrictions or allergies. Its plant-based origin also aligns with the growing vegan and vegetarian lifestyle trends, further boosting its adoption in plant-based food and beverage products. In addition, the rising awareness of environmental sustainability prompts consumers to seek alternative protein sources with lower environmental footprints. Pea protein production's minimal resource requirements and reduced greenhouse gas emissions compared to animal-based proteins position it as an eco-conscious choice that resonates with environmentally aware consumers.

Pea Protein Market

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Pea Protein Market Opportunities

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Drivers: Growing consumer awareness about nutritional benefits offered by pea and pea-based products

In 2020, there was a significant rise in the popularity of plant-based foods globally, with various new products hitting the market, ranging from bakery items and pastries to pizza, lattes, and vegan burgers. By the end of the year, McDonald's joined the trend by introducing their McPlant menu. Additionally, the COVID-19 pandemic prompted two global lockdowns, leading people to reevaluate their priorities, focusing more on health and wellbeing. This shift resulted in a surge in plant-based food sales, increasing by 243%, with a notable 14% rise in the preference for meat-free and dairy-free options among consumers, as reported by New Food Magazine.

Pea protein powder has emerged as a popular ingredient for protein shakes, smoothies, and energy drinks due to its ability to enhance protein content. It is suitable for various dietary preferences as it is naturally vegan and hypoallergenic. Pea protein is rich in iron and high-quality protein, and it is believed to promote muscle growth, aid in weight loss, and support heart health. Studies indicate that protein derived from peas, particularly yellow peas, can help lower cholesterol and blood pressure without putting strain on the kidneys. These health benefits are anticipated to propel the growth of the global pea protein market.

Restraints: High cost of raw material

According to the October 2021 report by Roquette Frères, there has been a noticeable increase in global pea prices. The company, which launched a pea protein factory in Canada in 2020 and supplies to a prominent plant-based meat brand, "Beyond Meat," cautioned its customers about an imminent price surge. This warning came as the company observed a significant impact on supply from various fronts. Canada, a major pea-producing nation globally, experienced a sharp 45% decline in its production. Pea prices have surged by 120% compared to 2020 levels, following an unprecedented drought in Canada, described as the most severe in over a century.

Pea production in Europe, particularly in France, another significant pea-producing economy, also suffered as crops were severely damaged during harvest due to the wet season. Despite the growing global demand for peas driven by the introduction of numerous new plant-based food products, the sector is grappling with the repercussions of a pea shortage. The substantial price hikes are expected to result in increased costs for customers as companies look to offset rising expenses. Consequently, the market faces constraints on growth due to the unstable supply of raw materials and escalating prices.

Opportunities: Increasing focus on innovation and developments of better pea protein extracts & products in global markets

With evolving lifestyles and growing consumer demand for diverse options, the pea protein sector is experiencing a surge in innovation. Currently, pea protein serves as a primary ingredient in numerous plant-based meat products, including energy bars and snacks. Food technology companies are diligently refining this ingredient at every stage of production to cater to plant-based meat manufacturers, ranging from optimizing pea cultivation in the field to refining protein extraction technology.

Many consumers prioritize maximum protein content when selecting products, prompting companies to strive for higher protein extraction rates from raw materials to incorporate into their end products. In October 2021, Benson Hill, a company based in Missouri, launched a new yellow pea breeding and commercialization program aimed at developing plants that yield superior peas. Their focus lies on enhancing two critical attributes: nutritional density and flavor. The cultivation of more protein-rich yellow pea plants could also lead to greater efficiency in land use in farming practices. Benson Hill leverages a machine learning and AI-powered platform to guide its efforts in crop improvement.

On 2022, merit Functional Foods (Canada) opened a 94,000 square foot plant to process pea and canola protein. The company uses a proprietary manufacturing process that is more expensive than the industry standard. The process requires more equipment and more filtration but results in a higher-purity product with improved taste and texture. According to StartUs Insights (an AI-powered data platform), in September 2021, 149 new startups were identified in the pea protein sector, with the top five being Sunfed Food (New Zealand) (makes meat alternatives), Mighty Pea (UK) (formulates vegan milk), Elevate Nutrition (US) (offers sports nutrition), YoFiit (Canada) (offers plant-based nutrition bars), and PeaTos (US) (produces pea-based snacks). Thus, with a greater number of startups rising in the sector, significant research is being taken up to develop newer attractive products in the market.

Challenges: Supply constraints due to unstable production of peas hampering growth prospects

Pea protein manufacturers are confronted with a significant challenge: a shortage in supply. Climate change is already impacting agriculture, with consequences varying across regions. Rising temperatures have begun to diminish the yields of essential crops. Reduced production, compounded by import delays due to COVID-19, has resulted in escalated pea prices. According to an article by IndiaToday, the cost of pulses, which serve as one of the most affordable protein sources, has surged by over 15% since the previous year.

The USDA forecasts a 3% decline in the area seeded to dry peas in the US for 2021-22 compared to 2020, dropping to below 1.0 million acres, primarily driven by decreased seeding in North Dakota. Yields are anticipated to be below average. The USDA further projects a 44% decrease in US dry pea production to slightly over 0.5 million metric tons. Consequently, this decrease in production leads to fluctuations in prices and market uncertainty, posing significant challenges for both manufacturers and consumers in the global pea protein market.

Market Ecosystem

Top Companies in Pea Protein Market

Based on the form, dry is estimated to account for the largest market share of the pea protein market.

Dry pea protein's powdered form streamlines formulation processes, ensuring precise measurement and consistent distribution throughout food and beverage products. This consistency in formulation maintains product quality, meeting consumer expectations for reliable and enjoyable products. Additionally, the reduced moisture content of dry pea protein translates to lighter weight and reduced volume, lowering transportation costs for both manufacturers and consumers. This cost-saving benefit contributes to the widespread adoption of dry pea protein across various markets.

The longer shelf life of dry pea protein minimizes the risk of spoilage and reduces food waste. This extended shelf life enhances product stability, ensuring prolonged availability to consumers and driving further demand for dry pea protein.

Based on source, yellow split peas is anticipated to have the highest growth rate in the pea protein market.

Yellow split peas serve as a significant driver in the pea protein market for several reasons. Their abundant protein content makes them an ideal source for pea protein extraction, enhancing the nutritional value of pea protein products. This appeals to consumers seeking protein-rich foods, especially within plant-based diets. The versatility of yellow split peas in food applications extends from soups and salads to baked goods, facilitating the creation of a diverse range of pea protein-based foods. This flexibility allows manufacturers to cater to various consumer preferences, including plant-based meats, dairy alternatives, snacks, and supplements.

Furthermore, yellow split peas are a sustainable crop choice, requiring fewer resources such as water and land compared to animal-based protein sources. Their ability to fix nitrogen in the soil reduces the need for synthetic fertilizers, aligning with consumer preferences for eco-friendly and ethically sourced products. The rising popularity of plant-based diets, driven by concerns for health, animal welfare, and environmental sustainability, fuels the demand for pea protein derived from yellow split peas. As more individuals adopt vegetarian, vegan, or flexitarian lifestyles, the demand for plant-based protein sources like pea protein continues to grow, positioning yellow split peas as a key driver in the pea protein market.

The European market is projected to contribute the largest share of the global pea protein processing market.

The Europe region is witnessing a burgeoning wave of growth in the pea protein market as food & beverage industries across the continent embrace the multifunctional applications of this plant based compound. European region's active participation in global trade further amplifies the accessibility of pea protein. The ease of trade facilitates the flow of these versatile compounds across borders, supporting the region's industries with a diverse range of applications.

European countries are active participants in global trade, both as importers of raw materials and exporters of finished products. The demand for pea protein in Europe influences international trade dynamics, affecting production, pricing, and supply chains globally. Europe has been at the forefront of environmental awareness and sustainability initiatives. The increasing awareness of environmental sustainability prompts consumers to seek alternative protein sources with lower environmental footprints. Pea protein production requires fewer natural resources and emits fewer greenhouse gases compared to animal-based proteins, making it an environmentally friendly choice that resonates with eco-conscious consumers.

Europe Pea Protein Market Size, and Share

Key Market Players

Key players operating in the pea protein market include Roquette Frères (France), Cargill, Incorporated (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion Incorporated (US), Emsland Group (Germany), Yantai Shuangta Foods Co, Ltd (China), The Scoular Company (US), Burcan Nutrascience Corp (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Foods and Ingredients (Canada), The Green Labs LLC (US) and Axiom Foods Inc (US). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

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Scope of the Report

Report Metric

Details

Market size estimation

2024–2029

Base year considered

2023

Forecast period considered

2024–2029

Units considered

Value (USD Million), Volume (TONS)

Segments Covered

By Type, By Application, By Form, By Source, By Processing Method and By Region

Regions covered

North America, Europe, Asia Pacific, and Rest of the World

Companies studied

Roquette Frères (France)
Cargill, Incorporated (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion Incorporated (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co, Ltd (China)
The Scoular Company (US)
Burcan Nutrascience Corp (Canada)
Shandong Jianyuan Group (China)
ET-Chem (China)
AGT Foods and Ingredients (Canada)
The Green Labs LLC (US)
Axiom Foods INC (US)

Pea protein Market:

By Type
  • Isolates
  • Concentrates
  • Textured
By Application
  • Food
  • Beverage
  • Other Applications
By Form
  • Dry
  • Wet
By Source
  • Chickpeas
  • Yellow Split Peas
  • Lentils
By Processing Method
  • Dry processing method
  • Wet processing method
By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In June 2020, Roquette Frères has joined a collaborative R&D initiative to promote Canada's plant protein ecosystem, identify solutions to development issues in cold Prairie conditions, and develop novel pea and fava bean products. The total investment by these three companies was USD 19.2 million. This collaboration will address the present pea processing issue and will help to implant new technology in pea protein processing.
  • In November 2022, Ingredion Incorporated has entered an exclusive commercial distribution partnership with InnovoPro, a prominent chickpea solutions company. This partnership, effective immediately, focuses on distributing chickpea protein concentrate in the US and Canada. The aim is to enhance the availability of chickpea protein, aiding food and beverage manufacturers in meeting the rising consumer demand for sustainable, nutritious, and appealing plant-based products.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
                    FIGURE 1 PEA PROTEIN MARKET SEGMENTATION
           1.3.2 INCLUSIONS AND EXCLUSIONS
                    TABLE 1 INCLUSIONS AND EXCLUSIONS
           1.3.3 REGIONAL SEGMENTATION
           1.3.4 YEARS CONSIDERED
    1.4 UNIT CONSIDERED 
           1.4.1 CURRENCY
                    TABLE 2 USD EXCHANGE RATES CONSIDERED, 2017–2022
           1.4.2 VOLUME
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT ANALYSIS
 
2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA 
           FIGURE 2 PEA PROTEIN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of Interviews with Experts
                               FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 4 PEA PROTEIN MARKET SIZE ESTIMATION – DEMAND SIDE
                    FIGURE 5 PEA PROTEIN MARKET SIZE ESTIMATION: SUPPLY SIDE
           2.2.2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 6 PEA PROTEIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 
    2.6 RECESSION IMPACT ANALYSIS 
           2.6.1 RECESSION MACRO INDICATORS
                    FIGURE 8 INDICATORS OF RECESSION
                    FIGURE 9 GLOBAL INFLATION RATE, 2013–2022
                    FIGURE 10 GLOBAL GDP: 2013–2022 (USD TRILLION)
                    FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PEA PROTEIN MARKET
                    FIGURE 12 PEA PROTEIN MARKET: PREVIOUS FORECAST VS. RECESSION FORECAST
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    TABLE 3 PEA PROTEIN MARKET SNAPSHOT, 2024 VS. 2029 
    FIGURE 13 PROTEIN ISOLATES TO DOMINATE MARKET BY 2029 (USD MILLION) 
    FIGURE 14 DRY FORM OF PEA PROTEIN TO BE MAJOR MARKET BY 2029 (USD MILLION) 
    FIGURE 15 YELLOW SPLIT PEAS TO BE MAJOR PEA PROTEIN SOURCE BY 2029 (USD MILLION) 
    FIGURE 16 FOOD APPLICATIONS TO HOLD LARGEST SHARE IN PEA PROTEIN MARKET, 2029 (USD MILLION) 
    FIGURE 17 PEA PROTEIN MARKET: REGIONAL SNAPSHOT 
 
4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 ATTRACTIVE OPPORTUNITIES IN PEA PROTEIN MARKET 
           FIGURE 18 RISING DEMAND FOR PLANT-BASED MEAT ALTERNATIVES AND FUNCTIONAL FOODS PRESENTS OPPORTUNITIES
    4.2 EUROPE: PEA PROTEIN MARKET, BY TYPE & KEY COUNTRY 
           FIGURE 19 ISOLATES ACCOUNTED FOR LARGEST SHARE OF EUROPEAN PEA PROTEIN MARKET IN 2023
    4.3 PEA PROTEIN MARKET, BY TYPE 
           FIGURE 20 PEA PROTEIN ISOLATES TO DOMINATE THROUGHOUT FORECAST PERIOD (USD MILLION)
    4.4 PEA PROTEIN MARKET, BY SOURCE 
           FIGURE 21 YELLOW SPLIT PEAS TO BE MAJOR SEGMENT FROM 2024 TO 2029 (USD MILLION)
    4.5 PEA PROTEIN MARKET, BY FORM 
           FIGURE 22 DRY PEA PROTEIN TO BE LARGER SEGMENT THROUGHOUT FORECAST PERIOD (USD MILLION)
    4.6 PEA PROTEIN MARKET, BY APPLICATION 
           FIGURE 23 FOOD TO BE DOMINANT APPLICATION THROUGHOUT FORECAST PERIOD (USD MILLION)
    4.7 PEA PROTEIN MARKET: KEY COUNTRIES 
           FIGURE 24 MARKET IN JAPAN TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 66)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATOR 
           5.2.1 GLOBAL PRODUCTION OF AND INNOVATION IN PEA CROPS
                    FIGURE 25 GLOBAL CHICKPEA AND GREEN PEA PRODUCTION, 2016–2020 (MILLION TONNES)
                    FIGURE 26 GLOBAL PEA PRODUCTION, 2021 (MILLION TONNES)
    5.3 MARKET DYNAMICS 
           FIGURE 27 PEA PROTEIN MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Growing vegan population and popularity of plant-based products
                               FIGURE 28 TOP FIVE COUNTRIES WITH VEGAN POPULATION, 2020
                    5.3.1.2 Advancements in extraction and processing technologies
                               FIGURE 29 GLOBAL RISE IN PATENTS GRANTED FOR NEW PEA PROTEIN EXTRACTION PROCESSES, 2018–2023
                               FIGURE 30 TOP PATENT APPLICANT COMPANIES IN PEA PROTEIN MARKET, 2018–2023
                    5.3.1.3 Growing consumer awareness about nutritional benefits offered by pea and pea-based products
                    5.3.1.4 Increase in demand for gluten-free food products
           5.3.2 RESTRAINTS
                    5.3.2.1 High cost of raw material
                    5.3.2.2 Low processing output, resulting in limited supply to manufacturers
                               FIGURE 31 PEA EXTRACTION: INDUSTRIAL PROCESS
                               FIGURE 32 PEA EXTRACTION: PILOT PROCESS
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Increasing focus on innovation in global market
                    5.3.3.2 Hypoallergenic properties compared to other plant-based proteins
                               TABLE 4 PROTEIN SOURCES: COMPARISON
                    5.3.3.3 Advancements in texture properties that support adoption in baking and meat processing
                    5.3.3.4 Rise in demand from pet food industry
           5.3.4 CHALLENGES
                    5.3.4.1 Supply constraints due to unstable production of peas
                    5.3.4.2 Presence of alternative plant proteins
                               FIGURE 33 PLANT-BASED PROTEINS: ESTABLISHED CROPS VS. FUTURE CROPS
 
6 INDUSTRY TRENDS (Page No. - 76)
    6.1 INTRODUCTION 
    6.2 SUPPLY CHAIN ANALYSIS 
           FIGURE 34 IMPORTANCE OF MANUFACTURING IN SUPPLY CHAIN OF PEA PROTEINS
    6.3 VALUE CHAIN ANALYSIS 
           FIGURE 35 RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING OF PEA PROTEIN CONTRIBUTE MAJOR VALUE
    6.4 PATENT ANALYSIS 
           FIGURE 36 NUMBER OF PATENTS GRANTED BETWEEN 2018 AND 2023
           FIGURE 37 TOP 10 INVESTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
           TABLE 5 PATENTS PERTAINING TO PEA PROTEINS, 2020–2023
    6.5 REGULATORY LANDSCAPE 
           6.5.1 REGULATORY LANDSCAPE
                    6.5.1.1 North America
                               6.5.1.1.1 US
                    6.5.1.2 Europe
                               6.5.1.2.1 European Union
                    6.5.1.3 Asia Pacific
                               6.5.1.3.1 China
                               6.5.1.3.2 India
                               6.5.1.3.3 Japan
                    6.5.1.4 South America
                               6.5.1.4.1 Brazil
           6.5.2 REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS
                    TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.6 ECOSYSTEM MAP 
           FIGURE 38 PEA PROTEIN MARKET ECOSYSTEM
           FIGURE 39 PEA PROTEIN MARKET MAP
           TABLE 9 PEA PROTEIN MARKET: ECOSYSTEM
    6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 40 TRENDS/DISRUPTIONS IMPACTING BUYERS IN PEA PROTEIN MARKET
    6.8 TECHNOLOGY ANALYSIS 
           6.8.1 FERMENTATION
           6.8.2 IOT (INTERNET OF THINGS) TECHNOLOGY
    6.9 PORTER'S FIVE FORCES ANALYSIS 
           TABLE 10 PEA PROTEIN MARKET: PORTER'S FIVE FORCES ANALYSIS
           6.9.1 INTENSITY OF COMPETITIVE RIVALRY
           6.9.2 BARGAINING POWER OF SUPPLIERS
           6.9.3 BARGAINING POWER OF BUYERS
           6.9.4 THREAT OF SUBSTITUTES
           6.9.5 THREAT OF NEW ENTRANTS
    6.10 TRADE DATA ANALYSIS 
           TABLE 11 EXPORT DATA OF HS CODE 210610 FOR KEY COUNTRIES, 2020–2022 (KG)
           TABLE 12 IMPORT DATA OF HS CODE 210610 FOR KEY COUNTRIES, 2020–2022 (KG)
    6.11 PRICING ANALYSIS 
           6.11.1 INTRODUCTION
           6.11.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
                    FIGURE 41 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE (USD/KG)
           6.11.3 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 13 PEA PROTEIN MARKET: AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/TON)
           6.11.4 AVERAGE SELLING PRICE TREND, BY TYPE
                    FIGURE 42 AVERAGE SELLING PRICE TREND, BY TYPE (USD/TON)
    6.12 CASE STUDY ANALYSIS: PEA PROTEIN MARKET 
                    TABLE 14 GLANBIA PLC DEVELOPS INGREDIENTS FOR BLUEBERRY PANCAKE PEA PROTEIN CEREAL
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 43 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN PEA PROTEIN MARKET
                    TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN PEA PROTEIN MARKET
           6.13.2 BUYING CRITERIA
                    FIGURE 44 KEY BUYING CRITERIA FOR PEA PROTEIN TYPES
                    TABLE 16 KEY BUYING CRITERIA FOR PEA PROTEIN TYPES
    6.14 KEY CONFERENCES & EVENTS IN 2024 
                    TABLE 17 PEA PROTEIN MARKET: KEY CONFERENCES & EVENTS
    6.15 INVESTMENT AND FUNDING SCENARIO 
                    FIGURE 45 INVESTMENT AND FUNDING SCENARIO
 
7 PEA PROTEIN MARKET, BY TYPE (Page No. - 102)
    7.1 INTRODUCTION 
           FIGURE 46 PEA PROTEIN MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)
           TABLE 18 PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 19 PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
           TABLE 20 PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
           TABLE 21 PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
    7.2 ISOLATES 
           7.2.1 GROWING INNOVATION FOR HIGH-QUALITY PROTEIN ISOLATES TO DRIVE SEGMENT
                    TABLE 22 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 23 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 24 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)
                    TABLE 25 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)
    7.3 CONCENTRATES 
           7.3.1 WIDE APPLICATION IN SNACKS AND BAKERY ITEMS TO BOOST DEMAND
                    TABLE 26 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 27 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 28 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)
                    TABLE 29 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)
    7.4 TEXTURED 
           7.4.1 NUTRITIONAL BENEFITS AND FUNCTIONAL ATTRIBUTES TO DRIVE DEMAND
                    TABLE 30 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 31 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 32 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)
                    TABLE 33 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)
 
8 PEA PROTEIN MARKET, BY SOURCE (Page No. - 111)
    8.1 INTRODUCTION 
           TABLE 34 COMPARISON OF ESSENTIAL AMINO ACID PROFILES IN PEAS, SOYBEAN, RICE, AND WHEAT
           TABLE 35 AMINO ACID COMPOSITION OF LENTILS, PEAS, AND CHICKPEAS
           FIGURE 47 GLOBAL PRODUCTION OF PULSES (LAKH TONS), 2020
           FIGURE 48 PEA PROTEIN MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
           TABLE 36 PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
           TABLE 37 PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
    8.2 YELLOW SPLIT PEAS 
           8.2.1 HIGH PRODUCTION RATE AND PROTEIN CONTENT TO BOOST DEMAND
                    TABLE 38 YELLOW SPLIT PEAS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 39 YELLOW SPLIT PEAS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.3 CHICKPEAS 
           8.3.1 IMPROVEMENTS IN PROCESSING TECHNOLOGY TO DRIVE GROWTH
                    FIGURE 49 KEY COUNTRIES WITH CHICKPEA PRODUCTION (MILLION TONNES), 2019
                    TABLE 40 CHICKPEAS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 41 CHICKPEAS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.4 LENTILS 
           8.4.1 HIGH PRODUCTION, EASY AVAILABILITY, AND LOW COSTS TO DRIVE GLOBAL DEMAND
                    TABLE 42 LENTILS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 43 LENTILS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
 
9 PEA PROTEIN MARKET, BY FORM (Page No. - 120)
    9.1 INTRODUCTION 
           FIGURE 50 PEA PROTEIN MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)
           TABLE 44 PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
           TABLE 45 PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
    9.2 DRY 
           9.2.1 DEMAND FOR PLANT-BASED MEATS AND SNACKS TO SUPPLEMENT SEGMENT GROWTH
                    TABLE 46 DRY PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 47 DRY PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.3 WET 
           9.3.1 PERFORMANCE NUTRITION APPLICATIONS TO SUPPORT GROWTH
                    TABLE 48 WET PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 49 WET PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
 
10 PEA PROTEIN MARKET, BY PROCESSING METHOD (Page No. - 125)
     10.1 DRY PROCESSING 
             10.1.1 INNOVATION IN DIVERSE FOOD SECTORS – KEY DRIVER
     10.2 WET PROCESSING 
             10.2.1 SUPERIOR FUNCTIONALITY AND PURITY – KEY DRIVERS
 
11 PEA PROTEIN MARKET, BY APPLICATION (Page No. - 126)
     11.1 INTRODUCTION 
               FIGURE 51 PEA PROTEIN MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
               TABLE 50 PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
               TABLE 51 PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     11.2 FOOD 
               TABLE 52 FOOD: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
               TABLE 53 FOOD: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
               TABLE 54 FOOD: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
               TABLE 55 FOOD: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             11.2.1 MEAT SUBSTITUTES
                       11.2.1.1 Global trends of plant-based meats and veganism drive segment
                                   TABLE 56 MEAT SUBSTITUTES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 57 MEAT SUBSTITUTES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.2 PERFORMANCE NUTRITION
                       11.2.2.1 Increasing cases of lactose intolerance and adoption in supplements to drive adoption
                                   TABLE 58 PERFORMANCE NUTRITION: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 59 PERFORMANCE NUTRITION: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.3 FUNCTIONAL FOODS
                       11.2.3.1 Growing awareness about functional benefits of pea protein supports growth
                                   TABLE 60 FUNCTIONAL FOODS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 61 FUNCTIONAL FOODS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.4 SNACKS
                       11.2.4.1 Spike in demand for healthy snacking alternatives to drive demand
                                   TABLE 62 SNACKS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 63 SNACKS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.5 BAKERY PRODUCTS
                       11.2.5.1 Demand for healthy alternatives in baking applications
                                   FIGURE 52 TOP EXPORTERS AND IMPORTERS OF BAKED GOODS, 2021
                                   TABLE 64 BAKERY PRODUCTS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 65 BAKERY PRODUCTS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.6 CONFECTIONERIES
                       11.2.6.1 Consumer demand for healthier confectionery products to drive segment
                                   FIGURE 53 GLOBAL INCREASE IN CONFECTIONERY EXPORTS, 2004–2020
                                   TABLE 66 CONFECTIONERIES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 67 CONFECTIONERIES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.2.7 OTHER FOOD APPLICATIONS
                       TABLE 68 OTHER FOOD APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                       TABLE 69 OTHER FOOD APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.3 BEVERAGES 
             11.3.1 EASY SOLUBILITY AND ADOPTION IN PLANT-BASED BEVERAGES TO SUPPORT GROWTH
                       TABLE 70 BEVERAGES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                       TABLE 71 BEVERAGES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.4 OTHER APPLICATIONS 
             11.4.1 BENEFITS OF PEA PROTEINS IN ANIMAL HEALTH AND WELL-BEING TO DRIVE DEMAND
                       TABLE 72 OTHER APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                       TABLE 73 OTHER APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
 
12 PEA PROTEIN MARKET, REGION (Page No. - 142)
     12.1 INTRODUCTION 
               FIGURE 54 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 74 PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
               TABLE 75 PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
               TABLE 76 PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)
               TABLE 77 PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)
     12.2 NORTH AMERICA 
               FIGURE 55 SHARE OF DEATHS ATTRIBUTED TO OBESITY IN NORTH AMERICA, 2019 (%)
             12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 56 NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2022
                       FIGURE 57 NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2023
                       TABLE 78 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                       TABLE 79 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 80 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 81 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 82 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
                       TABLE 83 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
                       TABLE 84 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                       TABLE 85 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                       TABLE 86 NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                       TABLE 87 NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                       TABLE 88 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 89 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                       TABLE 90 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 91 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
             12.2.2 US
                       12.2.2.1 Rise of veganism and rising concerns about food sustainability to drive pea protein demand
                                   TABLE 92 US: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 93 US: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Rapid growth and expansion in market driven by high production volumes of dry pea
                                   FIGURE 58 GROWING PEA PRODUCTION IN CANADA, 2017–2020 (KT)
                                   TABLE 94 CANADA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 95 CANADA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Changing consumer preferences and plant-based food trend to boost market
                                   TABLE 96 MEXICO: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 97 MEXICO: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
     12.3 EUROPE 
               FIGURE 59 GREENHOUSE GAS EMISSIONS FROM AVERAGE FOOD CONSUMPTION
               FIGURE 60 EUROPE: REGIONAL SNAPSHOT
             12.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 61 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2022
                       FIGURE 62 EUROPE: RECESSION IMPACT ANALYSIS, 2023
                       TABLE 98 EUROPE: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                       TABLE 99 EUROPE: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 100 EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 101 EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 102 EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
                       TABLE 103 EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
                       TABLE 104 EUROPE: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                       TABLE 105 EUROPE: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                       TABLE 106 EUROPE: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                       TABLE 107 EUROPE: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                       TABLE 108 EUROPE: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 109 EUROPE: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                       TABLE 110 EUROPE: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 111 EUROPE: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
             12.3.2 FRANCE
                       12.3.2.1 Rise in consumption of functional foods and strong production capacities to drive market
                                   TABLE 112 FRANCE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 113 FRANCE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.3 DENMARK
                       12.3.3.1 Investments and production facilities to contribute to market growth in Denmark
                                   TABLE 114 DENMARK: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 115 DENMARK: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.4 GERMANY
                       12.3.4.1 Increasing veganism trend to drive demand for pea proteins
                                   FIGURE 63 GERMANY: HIGHEST CONSUMED PLANT-BASED FOOD PRODUCT BRANDS, 2019
                                   TABLE 116 GERMANY: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 117 GERMANY: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.5 UK
                       12.3.5.1 Focus on consumption of plant-based food alternatives to propel market growth
                                   TABLE 118 UK: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 119 UK: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.6 SPAIN
                       12.3.6.1 Strong agricultural output and changing consumer preferences to drive market
                                   TABLE 120 SPAIN: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 121 SPAIN: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.7 THE NETHERLANDS
                       12.3.7.1 Government support and rising health issues among consumers to drive growth
                                   TABLE 122 NETHERLANDS: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 123 NETHERLANDS: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.8 ITALY
                       12.3.8.1 Strong competition from conventional protein sources to drive demand for pea protein
                                   TABLE 124 ITALY: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 125 ITALY: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.3.9 FINLAND
                       12.3.9.1 Increasing manufacturer presence to drive market
                                   TABLE 126 FINLAND: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 127 FINLAND: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
               12.3.10 REST OF EUROPE
                                   TABLE 128 REST OF EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 129 REST OF EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
     12.4 ASIA PACIFIC 
               FIGURE 64 ASIA PACIFIC: REGIONAL SNAPSHOT
             12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 65 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–2022
                       FIGURE 66 ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2023
                       TABLE 130 ASIA PACIFIC: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                       TABLE 131 ASIA PACIFIC: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 132 ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 133 ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 134 ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
                       TABLE 135 ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
                       TABLE 136 ASIA PACIFIC: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                       TABLE 137 ASIA PACIFIC: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                       TABLE 138 ASIA PACIFIC: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                       TABLE 139 ASIA PACIFIC: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                       TABLE 140 ASIA PACIFIC: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 141 ASIA PACIFIC: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                       TABLE 142 ASIA PACIFIC: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 143 ASIA PACIFIC: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
             12.4.2 CHINA
                       12.4.2.1 Rise in demand for meat protein substitutes to fuel market
                                   TABLE 144 CHINA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 145 CHINA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Growth of startups in plant-based food products segment to boost demand
                                   TABLE 146 INDIA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 147 INDIA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.4.4 JAPAN
                       12.4.4.1 Increasing vegan culture makes country lucrative market for pea protein
                                   TABLE 148 JAPAN: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 149 JAPAN: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.4.5 AUSTRALIA & NEW ZEALAND
                       12.4.5.1 Rising environmental concerns fuel market growth
                                   TABLE 150 AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 151 AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                       TABLE 152 REST OF ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 153 REST OF ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
     12.5 SOUTH AMERICA 
             12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 67 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2021
                       FIGURE 68 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2023
                       TABLE 154 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                       TABLE 155 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 156 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 157 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 158 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
                       TABLE 159 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
                       TABLE 160 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                       TABLE 161 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                       TABLE 162 SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                       TABLE 163 SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                       TABLE 164 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 165 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                       TABLE 166 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 167 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
             12.5.2 BRAZIL
                       12.5.2.1 High demand for sports nutrition to boost market growth
                                   TABLE 168 BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 169 BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.5.3 ARGENTINA
                       12.5.3.1 Increasing exports due to high quality of peas to boost market
                                   TABLE 170 ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 171 ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
             12.5.4 REST OF SOUTH AMERICA
                       12.5.4.1 Increasing consumer preference for plant-based food for fitness and nutrition
                                   TABLE 172 REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 173 REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
     12.6 REST OF THE WORLD 
             12.6.1 ROW: RECESSION IMPACT ANALYSIS
                       FIGURE 69 ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2022
                       FIGURE 70 ROW: RECESSION IMPACT ANALYSIS, 2022–2023
                       TABLE 174 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                       TABLE 175 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                       TABLE 176 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                       TABLE 177 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 178 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)
                       TABLE 179 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)
                       TABLE 180 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                       TABLE 181 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                       TABLE 182 REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                       TABLE 183 REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                       TABLE 184 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 185 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                       TABLE 186 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                       TABLE 187 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
             12.6.2 MIDDLE EAST
                       12.6.2.1 Increasing sports activities to propel market growth
                                   TABLE 188 MIDDLE EAST: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 189 MIDDLE EAST: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                                   TABLE 190 MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 191 MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                                   TABLE 192 MIDDLE EAST: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                                   TABLE 193 MIDDLE EAST: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                                   TABLE 194 MIDDLE EAST: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                                   TABLE 195 MIDDLE EAST: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                                   TABLE 196 MIDDLE EAST: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                   TABLE 197 MIDDLE EAST: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                                   TABLE 198 MIDDLE EAST: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                                   TABLE 199 MIDDLE EAST: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
                       12.6.2.2 UAE
                       12.6.2.3 Saudi Arabia
                       12.6.2.4 Rest of Middle East
             12.6.3 AFRICA
                       12.6.3.1 Easy availability of raw materials to boost market
                                   FIGURE 71 AFRICAN COUNTRIES IMPORT DATA FOR HS CODE 210610, 2020
                                   TABLE 200 AFRICA: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)
                                   TABLE 201 AFRICA: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)
                                   TABLE 202 AFRICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)
                                   TABLE 203 AFRICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)
                                   TABLE 204 AFRICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)
                                   TABLE 205 AFRICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)
                                   TABLE 206 AFRICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)
                                   TABLE 207 AFRICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)
                                   TABLE 208 AFRICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                   TABLE 209 AFRICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                                   TABLE 210 AFRICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)
                                   TABLE 211 AFRICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)
                       12.6.3.2 South Africa
                       12.6.3.3 Nigeria
                       12.6.3.4 Rest of Africa
 
13 COMPETITIVE LANDSCAPE (Page No. - 210)
     13.1 OVERVIEW 
     13.2 KEY PLAYERS STRATEGIES 
               TABLE 212 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PEA PROTEIN MARKET
     13.3 SEGMENTAL REVENUE ANALYSIS 
               FIGURE 72 SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2018–2022 (USD BILLION)
     13.4 MARKET SHARE ANALYSIS, 2023 
               TABLE 213 PEA PROTEIN MARKET: DEGREE OF COMPETITION
     13.5 BRAND/PRODUCT COMPARISON 
               FIGURE 73 PEA PROTEIN MARKET: BRAND/PRODUCT COMPARISON
     13.6 COMPANY VALUATION 
               FIGURE 74 PEA PROTEIN MARKET: COMPANY VALUATION (USD BILLION)
     13.7 KEY PLAYERS: ANNUAL REVENUE VS. GROWTH 
               FIGURE 75 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022
     13.8 FINANCIAL METRICS 
               FIGURE 76 EV/EBITDA, 2022 (USD BILLION)
     13.9 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 77 PEA PROTEIN MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2023
     13.10 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
               13.10.1 STARS
               13.10.2 EMERGING LEADERS
               13.10.3 PERVASIVE PLAYERS
               13.10.4 PARTICIPANTS
                                   FIGURE 78 PEA PROTEIN MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
               13.10.5 COMPANY FOOTPRINT: KEY PLAYERS
            13.10.5.1 Type footprint
                                   TABLE 214 PEA PROTEIN MARKET: COMPANY TYPE FOOTPRINT
            13.10.5.2 Application footprint
                                   TABLE 215 PEA PROTEIN MARKET: APPLICATION FOOTPRINT
            13.10.5.3 Region footprint
                                   TABLE 216 PEA PROTEIN MARKET: REGION FOOTPRINT
            13.10.5.4 Company footprint
                                   FIGURE 79 PEA PROTEIN MARKET: COMPANY FOOTPRINT
     13.11 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
               13.11.1 PROGRESSIVE COMPANIES
               13.11.2 RESPONSIVE COMPANIES
               13.11.3 DYNAMIC COMPANIES
               13.11.4 STARTING BLOCKS
                                   FIGURE 80 PEA PROTEIN MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
               13.11.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                                   TABLE 217 PEA PROTEIN MARKET: KEY STARTUPS/SMES
                                   TABLE 218 PEA PROTEIN MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.12 COMPETITIVE SCENARIO AND TRENDS 
               13.12.1 PRODUCT LAUNCHES
                                   TABLE 219 PEA PROTEIN MARKET: PRODUCT LAUNCHES, JANUARY 2019–AUGUST 2022
               13.12.2 DEALS
                                   TABLE 220 PEA PROTEIN MARKET: DEALS, JANUARY 2019–JANUARY 2024
               13.12.3 EXPANSIONS
                                   TABLE 221 PEA PROTEIN MARKET: EXPANSIONS, JANUARY 2019–JANUARY 2024
 
14 COMPANY PROFILES (Page No. - 235)
     14.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             14.1.1 ROQUETTE FRÈRES
                       TABLE 222 ROQUETTE FRÈRES: BUSINESS OVERVIEW
                       FIGURE 81 ROQUETTE FRÈRES: COMPANY SNAPSHOT
                       TABLE 223 ROQUETTE FRÈRES: PRODUCTS/ SOLUTIONS /SERVICES OFFERED
                       TABLE 224 ROQUETTE FRÈRES: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 225 ROQUETTE FRÈRES: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.2 ADM
                       TABLE 226 ADM: BUSINESS OVERVIEW
                       FIGURE 82 ADM: COMPANY SNAPSHOT
                       TABLE 227 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 228 ADM: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 229 ADM: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.3 INGREDION
                       TABLE 230 INGREDION: BUSINESS OVERVIEW
                       FIGURE 83 INGREDION: COMPANY SNAPSHOT
                       TABLE 231 INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 232 INGREDION: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2024
                       TABLE 233 INGREDION: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 234 INGREDION: EXPANSION, JANUARY 2019–JANUARY 2024
             14.1.4 KERRY GROUP PLC.
                       TABLE 235 KERRY GROUP PLC.: BUSINESS OVERVIEW
                       FIGURE 84 KERRY GROUP PLC.: COMPANY SNAPSHOT
                       TABLE 236 KERRY GROUP PLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 237 KERRY GROUP PLC.: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 238 KERRY GROUP PLC.: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.5 GLANBIA PLC
                       TABLE 239 GLANBIA PLC: BUSINESS OVERVIEW
                       FIGURE 85 GLANBIA PLC: COMPANY SNAPSHOT
                       TABLE 240 GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 241 GLANBIA PLC: DEALS, JANUARY 2019–JANUARY 2024
             14.1.6 CARGILL, INCORPORATED
                       TABLE 242 CARGILL, INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 86 CARGILL: COMPANY SNAPSHOT
                       TABLE 243 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 244 CARGILL, INCORPORATED: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 245 CARGILL, INCORPORATED: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.7 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 246 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                       FIGURE 87 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       TABLE 247 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 248 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 249 INTERNATIONAL FLAVORS & FRAGRANCES INC.: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.8 PURIS
                       TABLE 250 PURIS: BUSINESS OVERVIEW
                       TABLE 251 PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 252 PURIS: DEALS, JANUARY 2019–JANUARY 2024
             14.1.9 EMSLAND GROUP
                       TABLE 253 EMSLAND GROUP: BUSINESS OVERVIEW
                       TABLE 254 EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 255 EMSLAND GROUP: DEALS, JANUARY 2019–JANUARY 2024
                       TABLE 256 EMSLAND GROUP: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.10 YANTAI SHUANGTA FOODS CO., LTD.
                                   TABLE 257 YANTAI SHUANGTA FOODS CO., LTD.: BUSINESS OVERVIEW
                                   TABLE 258 YANTAI SHUANGTA FOODS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.11 BURCON
                                   TABLE 259 BURCON: BUSINESS OVERVIEW
                                   TABLE 260 BURCON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 261 BURCON: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2024
                                   TABLE 262 BURCON: DEALS, JANUARY 2019–JANUARY 2024
                                   TABLE 263 BURCON: EXPANSIONS, JANUARY 2019–JANUARY 2024
             14.1.12 AXIOM FOODS INC.
                                   TABLE 264 AXIOM FOODS INC.: BUSINESS OVERVIEW
                                   TABLE 265 AXIOM FOODS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 266 AXIOM FOODS INC.: DEALS, JANUARY 2019–JANUARY 2024
             14.1.13 SHANDONG JIANYUAN GROUP
                                   TABLE 267 SHANDONG JIANYUAN GROUP: BUSINESS OVERVIEW
                                   TABLE 268 SHANDONG JIANYUAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 ET-CHEM
                                   TABLE 269 ET-CHEM: BUSINESS OVERVIEW
                                   TABLE 270 ET-CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.15 AGT FOOD AND INGREDIENTS
                                   TABLE 271 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW
                                   TABLE 272 AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 THE GREEN LABS LLC
             14.2.2 COSUCRA
             14.2.3 NUTRI-PEA
             14.2.4 SOTEXPRO
             14.2.5 NATURZ ORGANICS
             14.2.6 FENCHEM INC
             14.2.7 PROEON
             14.2.8 SUN NUTRAFOODS
             14.2.9 INNOVOPRO
             14.2.10 CHICKP
 
15 ADJACENT & RELATED MARKETS (Page No. - 284)
     15.1 INTRODUCTION 
     15.2 ADJACENT MARKET STUDY LIMITATIONS 
     15.3 PLANT-BASED PROTEINS MARKET 
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
             15.3.3 PLANT-BASED PROTEINS MARKET, BY NATURE
                       TABLE 273 PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)
                       TABLE 274 PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)
     15.4 PEA PROCESSED INGREDIENTS MARKET 
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
             15.4.3 PEA PROCESSED INGREDIENTS MARKET, BY SOURCE
                       TABLE 275 PEA PROCESSED INGREDIENTS MARKET, BY SOURCE, 2019–2026 (USD MILLION)
 
16 APPENDIX (Page No. - 289)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 

The research study involved extensive secondary sources, directories, and databases such as Bloomberg Businessweek and Factiva to identify and collect information useful for a technical, market-oriented, and commercial study of the pea protein market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information and assess prospects.

Secondary Research

The secondary sources referred for this research study include government sources, such as the Food and Agriculture Organization (FAO), the US Department of Agriculture (USDA), Eurostat (EU Database), and various national ministries of the agricultural department, corporate filings (such as annual reports, press releases, investor presentations, and financial statements), and trade, business, and professional associations such as In the secondary research process, various organizations such as the Saskatchewan Pulse Growers (Saskpulse), Good Food Institute (GFI), and European Vegetable Protein Association (EUVEPRO), were referred to identify and collect information for this study.

Secondary research was mainly used to obtain key information about the industry's supply chain—the total pool of key players, market classification, and segmentation according to the industry trends and key developments from market-oriented perspectives.

Primary Research

The pea protein market comprises several stakeholders, including raw material suppliers, ingredient suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, distributors, wholesalers, importers & exporters of processed ingredients manufacturers and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs through questionnaires, emails, and telephonic interviews.

Pea Protein  Market Size, and Share

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Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the pea protein market. These approaches were extensive to determine the size of the subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • Top-down approach:
    • The key players in the industry and the market were identified through extensive secondary research.
    • The industry's supply chain and market size were determined through primary and secondary research.
    • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
    • The parent market—the pea processed ingredients market—was considered to validate pea protein's market details further.
  • Bottom-up approach:
    • The market sizes were analyzed based on each type of pea protein share at regional and country levels. Thus, the global market for pea protein was estimated with a bottom-up approach of the type at the country level.
    • Based on the demand for the mode of application, offerings of key players, and the region-wise market share of major players, the global market for the mode of application was estimated.
    • Other factors considered include penetration rate of pea protein in end-user applications such as meat substitutes, performance nutrition, and functional foods, consumer awareness, and function trends, pricing trends, the adoption rate and price factors, patents registered, and organic and inorganic growth attempts.
  • All macroeconomic and microeconomic factors affecting the growth of the pea protein market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Market size estimation: Top-Down approach

Pea Protein  Market Top Down Approach

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Market size estimation methodology: Bottom-up approach

Pea Protein  Market Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall pea protein market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Pea protein is a vegetable protein with a neutral taste derived from different pea types such as chickpeas, yellow peas, lentils, and beans. It is produced as isolates, concentrated, and textured proteins and is highly nutritious. Pea protein is considered vegan and is not classified as a major allergen. Therefore, it is suitable for consumption for a wider consumer base. Pea protein also has a well-maintained amino acid profile and features high solubility and low viscosity, which add to its nutritional value.

Pea proteins can be used in various applications, including performance nutrition, bakery products, snack bars, beverages, meat alternatives, and dairy alternatives.

Key Stakeholders

  • Food manufacturers
  • Meat alternative manufacturers
  • Dairy alternative manufacturers
  • Sports nutrition manufacturers
  • Food importers and exporters
  • Intermediary suppliers include traders and distributors of plant-based sources such as soy, pea, corn, chia, and flax.
  • Government and research organizations
  • Associations and industry bodies:
    • Food and Agriculture Organization (FAO)
    • United States Department of Agriculture (USDA)
    • European Food Safety Authority (EFSA)
    • European Association of Specialty Feed Ingredients and their Mixtures (FEFANA)
    • Organization for Economic Co-operation and Development (OECD)
  • Venture capitalists and investors

Report Objectives

Market Intelligence

  • To determine and project the size of the pea protein market by source, type, application, form, and region over five years, ranging from 2024 to 2029.
  • To identify attractive opportunities in the market by determining the largest and fastest-growing segments across regions.
  • To analyze the demand-side factors based on the following:
    • Impact of macro and microeconomic factors on the market.
    • Shifts in demand patterns across different subsegments and regions.
  • To recognize the key drivers and restraints impacting the global pea protein market.

Competitive Intelligence

  • To profile the key players of the pea protein market and comprehensively analyze their market positions and core competencies
  • To provide a comparative analysis of the market leaders based on the following:
    • Product offerings
    • Business strategies
    • Strengths, weaknesses, opportunities, and threats
    • Key financials
  • To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions
  • To provide insights on the key investments in product innovations and patent registrations

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of European pea protein market, by key country
  • Further breakdown of the Rest of the South American pea protein market, by key country
  • Further breakdown of the Rest of Asia Pacific pea protein market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
FB 2741
Published ON
Feb, 2024
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