Pea Protein Market Trends, Growth, and Forecast
Pea Protein Market by Type (Isolates, Concentrates, and Textured), Application (Food, Beverages, and Other Applications), Nature (Conventional and Organic), Processing Method (Dry and Wet), and Region - Global Forecast to 2031
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The pea protein market is projected to reach USD 2.59 billion by 2031 from USD 1.45 billion in 2026, at a CAGR of 12.3% from 2026 to 2031. The growth of the pea protein market worldwide is driven by increasing consumer demand for plant-based and sustainable protein sources, rising awareness of the nutritional and functional benefits of pea protein, growing adoption in sports and performance nutrition, expanding applications in meat and dairy alternatives, and increasing use of pea protein in functional foods, snacks, bakery products, and beverages.
KEY TAKEAWAYS
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BY REGIONEurope is estimated to account for 39.9% of the pea protein market in 2026.
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BY NATUREBy nature, the conventional pea protein segment is estimated to dominate the market with a share of approx 91.8% in 2026.
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BY TYPEBy type, the textured segment is projected to witness the highest CAGR of 12.8% from 2026 to 2031.
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BY ApplicationBy application, the food segment is expected to lead the market during the forecast period.
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COMPETITIVE LANDSCAPE - KEY PLAYERSRoquette Frères (France) and ADM (US) were identified as some of the star players in the pea protein market (global), given their global presence and strong product footprint.
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COMPETITIVE LANDSCAPE - STARTUPS/SMEsThe Green Labs LLC (US), among others, has distinguished itself among startups and SMEs by securing a strong foothold in specialized niche areas, underscoring its potential as an emerging market leader.
The pea protein market is experiencing steady growth, driven by increasing consumer preference for plant-based and protein-rich foods, rising demand for meat alternatives, growing adoption in sports and performance nutrition, expanding use in beverages and functional foods, and increasing demand for clean-label, non-GMO, and sustainably sourced protein ingredients.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Customer business in the pea protein market is being shaped by rising demand for plant-based, clean-label, non-GMO, and sustainably sourced protein ingredients across food and beverage, sports nutrition, dietary supplements, and alternative protein applications. Manufacturers are investing in extraction, drying, extrusion, and protein modification technologies to improve solubility, texture, emulsification, and sensory performance, while innovations in texturized pea protein, protein beverages, and plant-based meat and dairy alternatives are expanding application opportunities.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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Growing consumer interest in plant-based diets and popularity of plant-based products
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Rising demand for sustainable protein sources
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Volatility in raw material supply and prices
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Limited solubility and functional performance
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Expansion of smart protein and plant-based food ecosystem
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Lower allergenicity and allergen-labeling advantages compared with other plant-based proteins
Level
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Presence of anti-nutritional factors in peas
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Undesirable taste and sensory characteristics
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Growing consumer interest in plant-based diets and popularity of plant-based products
Growing adoption of plant-based, vegetarian, vegan, and flexitarian diets is increasing demand for alternative protein ingredients such as pea protein. The expansion of plant-based meat, beverage, and nutritional products is further creating opportunities for pea protein as a versatile plant-derived protein source.
Restraint: Volatility in raw material supply and prices
Volatility in pea supply and prices can increase raw material costs and procurement uncertainty, potentially affecting manufacturers’ margins and product pricing.
Opportunity: Expansion of smart protein and plant-based food ecosystem
The expanding smart protein ecosystem and growing availability of plant-based products create opportunities for pea protein manufacturers to enter diverse food applications and expand market presence.
Challenge: Presence of anti-nutritional factors in peas
The presence of anti-nutritional factors in peas can require additional processing to improve nutrient bioavailability, increasing production complexity and costs for pea protein manufacturers.
PEA PROTEIN MARKET TRENDS, GROWTH, AND FORECAST [LATEST]: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
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Ingredion developed VITESSENCE Pea 200 D, a pea protein isolate specifically designed for ready-to-mix and ready-to-drink nutritional beverages. The ingredient was developed to address dispersion, solubility, viscosity, sedimentation, and taste challenges commonly encountered when formulating high-protein beverages. | Enables higher plant-protein content in nutritional beverages | Improves dispersion and solubility | Supports smooth and creamy mouthfeel | Reduces sedimentation and viscosity-related formulation issues | Enables high-protein front-of-pack claims. |
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Roquette expanded its NUTRALYS portfolio with four pea protein ingredients—an isolate, hydrolysate, and two textured pea proteins—to address formulation challenges related to taste, texture, protein content, and processing performance in plant-based foods and nutritional products. | Improves texture and firmness in plant-based formulations | Enables higher protein content in nutritional products | Provides textured solutions for meat and seafood alternatives | Improves processing efficiency by reducing certain preparation steps | Expands the application range of pea protein ingredients |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The pea protein market ecosystem is categorized into pea protein manufacturers, startups or SMEs, regulatory bodies, and end users such as food and beverage companies, meat alternative producers, sports nutrition and dietary supplement brands, functional food manufacturers, and other demand-side stakeholders. The market is characterized by diverse applications across food, beverages, sports nutrition, and other nutritional products. Established companies and emerging players are developing high-quality, functional, clean-label, non-GMO, and sustainably sourced pea protein solutions to meet growing demand for plant-based and protein-enriched products.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Pea Protein Market, By Type
The isolates segment is estimated to lead the pea protein market due to its high protein concentration and broad applicability across food and nutrition products.
Pea Protein Market, By Application
The food segment is estimated to dominate the pea protein market due to its broad use across meat substitutes, snacks, bakery products, confectionery, functional foods, and other food formulations.
Pea Protein Market, By Nature
The conventional segment is estimated to dominate the pea protein market due to its cost-effectiveness, wide availability, consistent supply, and suitability for large-scale production.
REGION
Europe to lead global pea protein market during forecast period
Europe is estimated to lead the pea protein market due to the presence of major food and ingredient companies, increasing investment in plant-based product development, and rising consumer demand for healthy and sustainable food products. Growing concerns about climate change and the environmental impact of livestock production further support the adoption of pea protein in the region.
PEA PROTEIN MARKET TRENDS, GROWTH, AND FORECAST [LATEST]: COMPANY EVALUATION MATRIX
In the pea protein market matrix, Roquette Frères (France) and ADM (US) (Stars) lead with strong market positions and broad pea protein portfolios, supported by their extensive application expertise, established production capabilities, global presence, and continuous investments in plant-based protein innovation. IFF (US) (Emerging Leader) is strengthening its position through innovative pea protein solutions, application-specific functionality, and product development for beverages, snacks, bakery products, and meat alternatives.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Roquette Frères (France)
- ADM (US)
- Ingredion (US)
- Kerry Group plc (Ireland)
- Glanbia plc (Ireland)
- Cargill, Incorporated (US)
- International Flavors & Fragrances Inc. (US)
- PURIS (US)
- Emsland Group (Germany)
- Yantai Shuangta Food Co., Ltd. (China)
- Burcon (Canada)
- Axiom Foods, Inc. (US)
- Shandong Jianyuan group (China)
- ET-Chem (China)
- AGT Food and Ingredients Inc. (Canada)
MARKET SCOPE
| REPORT METRIC | DETAILS |
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| Market Size in 2026 (Value) | USD 1.45 BN |
| Market Forecast in 2031 (Value) | USD 2.59 BN |
| Growth Rate | CAGR of 12.3% from 2026 to 2031 |
| Years Considered | 2022–2031 |
| Base Year | 2025 |
| Forecast Period | 2026–2031 |
| Units Considered | Value (USD Million/Billion), Volume (KT) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
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| Regions Covered | North America, Europe, Asia Pacific, South America, Rest of the World |
WHAT IS IN IT FOR YOU: PEA PROTEIN MARKET TRENDS, GROWTH, AND FORECAST [LATEST] REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
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| Europe-based Pea Protein Manufacturers |
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| Pea Protein Types Segment Assessment |
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RECENT DEVELOPMENTS
- February 2026 : Roquette (France) launched NUTRALYS Pea 850F, a clean-tasting pea protein isolate designed to reduce vegetal notes while providing high solubility and emulsion capacity, thereby supporting its use in ready-to-drink beverages, dairy alternatives, and specialized nutrition products.
- June 2025 : ADM (US) launched eight new soy and pea protein ingredient solutions across North America and Europe, expanding its plant-based protein portfolio to meet growing consumer demand for diverse, nutritious, and functional protein sources.
- October 2024 : Ingredion (US) launched VITESSENCE Pea 200 D, a pea protein isolate developed with improved dispersibility and solubility for use in ready-to-mix nutritional beverages. The product is designed to provide a smooth texture, clean taste, and reduced sedimentation, helping manufacturers improve the sensory quality and stability of protein-enriched beverage formulations.
Table of Contents
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Methodology
This study involved two major approaches in estimating the current size of the pea protein market. Exhaustive secondary research was done to collect information on the type, application, nature, and processing method segments of the market. The next step involved validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, data triangulation was used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the use of 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 market study. In the secondary research process, sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to to identify and collect information. Secondary research was mainly used to obtain key information about the industry’s supply chain, the pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the pea protein market scenario through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to type, application, nature, processing method, and region. Stakeholders from the demand side, such as food and beverage manufacturers, plant-based meat and dairy alternative manufacturers, sports nutrition and dietary supplement companies, functional food manufacturers, animal nutrition and feed companies, nutraceutical companies, infant and clinical nutrition manufacturers, retailers, and end users, were interviewed to understand buyers’ perspectives on pea protein suppliers, products, formulation requirements, quality and stability, pricing, regulatory requirements, and the outlook of their businesses, which will affect the overall market.
Breakdown of Primary Interviews
Note: Tier 1 companies’ revenue is more than USD 10 billion; Tier 2 companies’ revenue ranges between USD 1 and 10 billion; and Tier 3 companies’ revenue ranges between USD 500 million and USD 1 billion
Note: The three tiers of the companies are defined based on their total revenues in 2024 or 2025, as per the availability of financial data: Tier 1: Revenue >USD 1 billion; Tier 2: USD 100 million ≤ revenue ≤ USD 1 billion; Tier 3: Revenue <USD 100 million. Rest of the World includes Africa and the Middle East.
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COMPANY |
DESIGNATION |
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Roquette Frères (France) |
Product Development Manager |
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Glanbia plc (Ireland) |
Sales Head |
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Cosucra Groupe Warcoing (Belgium) |
Marketing Head |
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Ingredion Incorporated (US) |
Sales Head |
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Burcon NutraScience Corp. (Canada) |
Senior Research Executive |
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Axiom Foods Inc. (US) |
Business Development Manager |
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the total size of the pea protein market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and the overall market were identified through extensive secondary research.
- All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- 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.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.
Pea Protein Market: Bottom-up and Top-down Approaches
Data Triangulation
After determining the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation procedure was employed, wherever applicable, to estimate the overall pea protein market and arrive at the exact statistics for all segments and subsegments. The data were triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
Pea protein is a plant-based protein ingredient derived from peas (Pisum sativum). It is produced through processes such as milling, fractionation, and protein extraction to obtain pea protein isolates, concentrates, and textured proteins. Pea protein is valued for its high protein content, nutritional profile, relatively neutral taste, and functional properties such as solubility, water-holding capacity, and emulsification. It is used across a wide range of food and beverage applications, including plant-based meat and dairy alternatives, sports and nutrition products, bakery products, and nutritional supplements.
The pea protein market refers to the industry segment involved in the production, processing, distribution, and consumption of pea-derived protein ingredients. The market encompasses suppliers and processors of peas, manufacturers of pea protein isolates, concentrates, and textured proteins, and food and beverage companies incorporating pea protein into their products.
Key Stakeholders
- Food manufacturers
- Meat alternative manufacturers
- Dairy alternative manufacturers
- Performance nutrition product manufacturers
- Food importers and exporters
- Intermediary suppliers (traders and distributors of plant-based sources such as soy, pea, corn, chia, and flax)
- Government and research organizations
- Venture capitalists and investors
- 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)
Report Objectives
- To determine and project the size of the pea protein market based on type, application, nature, processing method, and region, ranging from 2026 to 2031
- To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
- To identify and profile the key players in the market
- To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.
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 Europe pea protein market into key countries
- Further breakdown of the Rest of Asia Pacific pea protein market into key countries
- Further breakdown of the Rest of South America pea protein market into key countries
COMPANY INFORMATION
- Detailed analyses and profiling of additional market players (up to five)
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