Pea Protein Market by Type (Isolate, Concentrate, and Textured), Form (Dry and Wet), Source (Yellow Split Pea, Lentils and ChickPea), Application, and Region (North America, Europe, APAC, South America and ROW ) - Global Forecast to 2027
The pea protein market is expected to grow rapidly, reaching $2.9 billion by 2027 at an 11.9% CAGR. The foundation of this upward trend is the industry's expanding understanding of the benefits of pea protein, which is anticipated to be worth $1.7 billion in 2022.
This exponential growth can be attributed to the increasing demand for plant-based protein sources and the recognition of pea protein as a sustainable and nutritious alternative. As consumers continue to prioritize healthy and environmentally conscious food choices, the pea protein market is poised for continued success, presenting exciting opportunities for businesses and investors. Consumers are getting increasingly aware of the benefits of nutritional and health products. The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period.
Pea protein is an excellent source of protein. It is not only sourced from a sustainable and environmentally beneficial source, but it is also hypoallergenic, making it a perfect solution for anyone with food allergies or sensitivities. Pea protein is a high-quality protein source that contains all of the necessary amino acids needed by the human body. It can assist meet dietary needs while also boosting overall health and wellness.
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Impact of Covid-19 on Pea Protein Market
The outbreak of the COVID-19 pandemic had an impact on the pea protein market's application sector. Initially, the imposition of lockdowns in global markets in 2020 had a significant impact on the business of many large-scale retailers in the food and beverage industries. For a short time, sales were down. However, these sales quickly recovered as the market for online food and grocery purchases boomed in the mid-2020s. As they remained under lockdown, this resulted in a greater emphasis on healthy and nutritious foods. Further, governments in the global regions made efforts to stabilize their respective countries' and regions' food security, which kept the food sector industries running.
According to a recent Smartbrief report, approximately one-third of people will consume more functional foods and beverages in 2020 than in previous years. With the impending reintroduction of another lockdown in 2021, there is an increase in the availability of sports nutrition products such as protein drinks, electrolyte replenishers, energy boosters, and performance enhancers. released Applied Nutrition's new ABE brand of energy and performance beverages will be available in August 2020. As a result, an increase in pea proteins in these markets and applications is expected to occur soon.
The coronavirus pandemic had a positive impact on the Pea Protein consumption in North America, Europe, Asia Pacific, South America, and Rest of World as under the first lockdown the sales dipped a little but recovered as people started accepting healthier and functional food options. In 2021, the sales remained stagnant due to reimposement of lockdown in these countries as a result of reliance on comfort foods along with these healthier options. As a result, the pea protein market had a slight growth at the start of COVID-19 but has stayed stagnant in the last 2 years.
Pea Protein Market Dynamics
Driver: Growing consumer awareness about nutritional benefits offered by pea and pea-based products
Pea protein powder is being popularly used to manufacture protein shakes, smoothies, and energy drinks to increase the protein content and is an excellent fit for almost any diet since it is naturally vegan and hypoallergenic. It is a great source of iron and high-quality protein. It is also estimated to help muscle growth, weight loss, and heart health. The protein from peas, mainly yellow peas, has been shown to lower cholesterol and blood pressure while gentle on the kidneys. All these benefits of pea proteins are expected to drive the growth of the global pea protein market.
Restraint: Low processing outputs result in limited supply to manufacturers
The global demand for pea protein is also rising with the growing nutritional benefits. However, due to the complex and costly extraction and processing of pea protein, the supplies are insufficient to cater to the global demand. Somewhere, soy protein, being the leading protein ingredient and having economies of scale by the food & beverage manufacturers, is leading to the limited supply of the pea protein ingredient. Also, the conversion rate of peas into pea protein is comparatively low. The ratio is about 15% in the industrial process, including drying, dehulling, and milling of peas. Comparatively, the ratio of pea protein extracted from peas in the pilot process, including soaking and wet milling, is over 20%. For instance, if there is an input of 40 tons of peas in an industrial process, the output will only be about 6 tons of pea protein isolates. Similarly, putting in 50 kg of pea seeds will produce 10 kg of pea protein isolates in the pilot process. The rest of the pea seeds are then either converted into pea starches or pea fibers. Hence, the market is facing a crunch in the supply of pea protein required by food & beverage manufacturers, which has led them to switch to other plant-based proteins or blends and alternatives.
Opportunity: Advancements in texture properties supporting adoption in baking ingredients
Pea protein has excellent emulsification properties, binding both fat and water for a stable emulsion. This is beneficial for egg replacement and is demonstrated well in Hampton Creek’s Just Mayo, replacing the eggs with pea protein to make a vegan ‘mayonnaise.’ It is also helpful in reducing the fat content of salad dressings, with little impact on mouthfeel or flavor. Beyond Meat uses pea protein for producing meat alternatives, lending a chewy, meat-like texture to their products. It can also be used in ground beef products to act as a binder, increasing the cooking yield of meats.
Challenge: Supply constraint due to unstable pea production
The major challenge that pea protein manufacturers face is a supply shortage. Climate change is already affecting agriculture, with effects unevenly distributed across the world. Higher temperatures eventually reduce the yields of desirable crops. Lower production and Covid-related import bottlenecks have pushed up the prices of peas. The prices of pulses, which are among the cheapest sources of protein, have risen marginally since last year.
In terms of type, the textured segment is projected to grow at the highest CAGR in the forecasted period.
The unique benefit of textured pea protein lies in its granule size. Its small granule size and fibrous appearance make it ideal for plant-based ground-meat applications and vegan sausages and patties. It is specifically known to enhance the juiciness of products and mimic the sensation of biting into the meat. These factors are expected to drive the growth for textured pea protein.
Yellow split peas dominate the global pea protein market during the forecast period.
Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas' functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas' high protein content makes them ideal for producing pea protein isolates.
The dry form pea protein is estimated to dominate the pea protein market during the forecast period.
The dry form of pea protein is more popular than wet pea protein because it has a wider range of applications. Dry textured pea proteins have a dominant market position due to their characteristics and demand in a wide range of applications. The increased demand for dry textured proteins in applications such as plant-based meat due to its’ ability to replicate the meaty texture has helped to improve the industry outlook for dry textured pea proteins. They are commonly used as a nutritional supplement formulated with yellow protein pea extract. It is mostly used as a protein filler in products like fitness shakes and smoothies.
Food application is projected to see a significant growth in the Pea Protein market during the forecast period.
The growing demand for meat substitutes has aided the growth of pea protein, which is now used in the production of plant-based burger patties and sausages. The use in performance nutrition has also grown significantly, as factors such as lactose intolerance have led to athletes substituting vegan protein alternatives such as pea proteins for whey protein. Meat substitutes, performance nutrition, functional foods, snacks, and bakery are all part of the food segment. The meat substitutes segment dominated the food application segment due to the rising application of pea proteins, making it healthier and more popular among customers.
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North America holds a significant share in the pea protein market during the forecast period.
North America is experiencing strong growth prospects in the plant-based pea protein sector due to the increasing demand for healthy meat and dairy substitute products. The growing trend of veganism has pushed the growth of the North American pea protein industry. Consumers are gradually shifting their diet preferences and are going vegan due to the health and wellness benefits associated with it. This paradigm shift in food culture is being supported by health & fitness industries, medical communities, celebrities, and athletes, which has bolstered the demand for pea protein.
Key Market Players
The key players in this market include Rouquette Freres (France), DuPont (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion (US), Puris (US), Emsland Group (Germany), Yantai Shuangta Foods Co., Ltd (China), The Scoular Company (US), Burcon (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Food 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 agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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Report Metric |
Details |
Market magnitude in 2022 |
USD 1.7 billion |
Financial outlook in 2027 |
USD 2.9 billion |
Surge rate |
CAGR of 11.9% |
Market size available for years |
2022-2027 |
Base year for estimation |
2021 |
Forecast period |
2022-2027 |
Quantitative units |
Value (USD Million) and Volume (Thousand Units) |
Report Coverage & Deliverables |
Revenue forecast, company ranking, driving factors, Competitive benchmarking, and analysis |
Segments covered |
Application, Region, Type, Form |
Regional Insight |
Europe, North America, South America, Asia Pacific |
Leading enterprises profiled |
Rouquette Freres (France), DuPont (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion (US), Puris (US), Emsland Group (Germany), Yantai Shuangta Foods Co., Ltd (China), The Scoular Company (US), Burcon (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Food and Ingredients (Canada), The Green Labs LLC. (US), and Axiom Foods, Inc. (US) |
Research coverage |
This report segments the Pea Protein market on the basis of application, form, source, type, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss the basic
views on the emerging & high-growth segments of the Pea Protein market, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
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This research report categorizes the Pea Protein market based on type, application, form, source, and region.
By Type |
By Source |
By Mode of Application |
By Region |
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Recent Developments
- In December 2021, Ingredion Incorporated and Grupo arcor have agreed to form a joint venture that combines their production experience, complementary geographic footprints, and marketing capabilities to expand their food & beverage ingredient supplies to clients in Argentina, Chile, and Uruguay.
- In September 2021, Batory Foods and Ingredion have signed a new ingredient distribution agreement. The agreement expands Ingredion's distribution network in the West and Central Midwest of the US, making it easier for food & beverage businesses to obtain the ingredients they need to manufacture and promote their goods.
- In September 2021, Roquette Frères set up a new center of expertise in Vic-Sur Aisne in France. This center will expand the area of possibilities in terms of food innovation, novel protein development, and new manufacturing technologies by focusing solely on plant protein.
- In July 2021, Ingredion Incorporated launched VITESSENCE TEX Crumbles 102. The textured protein VITESSENCE TEX Crumbles 102 enables food makers to create consumer-favorite substitute meat products without sacrificing taste or texture. The textured protein is labeled as pea protein and provides 65% protein (dry weight).
- In September 2020, Roquette Frères focused on setting up the world's largest pea protein plant in Portage la Prairie, Manitoba, Canada, just outside of the City of Winnipeg by the end of 2020. The construction of this new plant aims to meet the growing demand for pea protein worldwide.
Frequently Asked Questions (FAQ):
What is the expected market size for the global pea protein market in the coming years?
By 2027, the pea protein market is projected to hit US$2.9 billion, with an impressive compound annual growth rate of 11.9%.
What is the estimated growth rate (CAGR) of the global pea protein market for the next five years?
The global pea protein market is set to grow at a moderate rate, representing a CAGR of 11.9% during the forecast p
What are the major revenue pockets in the pea protein market currently?
North America's pea protein sector is booming as demand for healthy meat and dairy substitutes surges. The rise of veganism, backed by health and fitness industries, medical communities, celebrities, and athletes, has sparked a paradigm shift in food culture, fueling the growth of the pea protein industry.
What was the size of the global pea protein market in 2022?
In 2022, the pea protein market achieved a global value of US$ 1.7 billion.
What are the key development strategies undertaken by companies in the Pea Protein market?
Strategies such as new product launches, investments into expansion and development, research initiatives are the key strategies being used by large players in order to achieve differential positioning in the global market.
Why is pea protein popular?
Consumers are becoming aware of the benefits of nutritional and health products. The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors for popularity of pea protein.
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The study involved four major steps in estimating the size of the Pea Protein Market. Exhaustive secondary research was done to collect information on the market, as well as the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Pea Protein Market Secondary Research
In the secondary research process, various sources, such as Pea Protein manufacturers, formulators and blenders, Government and research organizations, 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) were referred to identify and collect information for this study. The secondary sources also include clinical studies and medical journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.
Secondary research was mainly conducted to obtain critical information about the industry’s supply chain, the total pool of key players, and market classification & segmentation according to the industry trends to the bottom-most level, and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Pea Protein Market Primary Research
The overall market comprises several stakeholders in the supply chain, which include global and regional Pea Proteins products, dealers, as well as manufacturers of Pea Proteins. Primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders, regional Pea Protein dealers and manufacturers. The primary sources from the supply side include Pea Protein processing units, research institutions involved in R&D, and key opinion leaders.
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Pea Protein Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the market. These approaches have also been used extensively to estimate the size of various dependent submarkets. The research methodology used to estimate the market size includes the following details:
Top-Down
- Calculations for the market size have been based on the revenues of key companies identified in the market, which dominated the overall market size. This overall market size has been used in the top-down procedure to estimate the sizes of other individual markets (mentioned in the market segmentation) via percentage splits derived using secondary and primary sources.
- All macroeconomic and microeconomic factors affecting the growth of the Pea Proteins 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.
- For the calculation of market shares of each market segment, the size of the most appropriate and immediate parent market has been considered for implementing the top-down procedure. The bottom-up procedure has also been implemented for data extracted from secondary research to validate the market sizes obtained for each segment.
Bottom-Up
- With the bottom-up approach, Pea Protein for each type, form, and application were added up to arrive at the global and regional market size and CAGR.
- The pricing analysis was conducted based on types in regions. From this, we derived the market sizes, in terms of volume, for each region and type of Pea Protein.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- The bottom-up procedure has been employed to arrive at the overall size of the Pea Proteins market from the revenues of key players (companies) and their product share in the market.
- The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent and each individual market have been determined and confirmed in this study. The data triangulation procedure implemented for this study is explained in the next section.
Global Pea Proteins Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into the product type segment and application segment. To estimate the overall Pea Protein and arrive at the exact statistics for all subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. 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.
Report Objectives
- Determining and projecting the size of the Pea Proteins market, with respect to type, application, end use, and regional markets, over a five-year period, ranging from 2021 to 2027
- Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Analyzing the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
- Identifying and profiling the key players in the Pea Proteins market
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Providing a comparative analysis of market leaders on the basis of the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
- Analyzing the value chain and products offered across key regions and their impact on the growth of the prominent market players
- Providing insights on key product innovations and investments in the Pea Proteins market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s 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
- Further breakdown of the Rest of Europe market for Pea Proteins into Ukraine and Hungary
- Further breakdown of the Rest of Asia Pacific market for Pea Proteins into Indonesia, Thailand, Vietnam, and Korea
- Further breakdown of the Rest of South America market for Pea Proteins into Chile, Colombia, and Peru
- Further breakdown of other countries in the RoW market for Pea Proteins into Middle Eastern and African countries
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Pea Protein Market