Pea Protein Market

Leading Companies in Pea Protein Industry - Roquette Frères (France), ADM (US), Ingredion (US) and Kerry Group Plc. (Ireland)

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.

The pea protein market has witnessed significant growth in recent years, pea protein has gained popularity due to its exceptional nutritional profile. It is rich in essential amino acids, particularly lysine, which is often lacking in other plant-based protein sources. Additionally, pea protein is naturally free from common allergens such as soy and dairy, making it suitable for individuals with dietary restrictions or allergies. The versatility of pea protein makes it an attractive ingredient for food manufacturers. It can be incorporated into a wide range of products, including plant-based meats, dairy alternatives, snacks, and nutritional supplements, without compromising taste or texture. This flexibility allows companies to cater to the rising demand for plant-based options across various food categories.

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Roquette Frères (France)

Roquette Frères is one of the industry leaders in manufacturing plant-based ingredients and proteins. It caters to biopharma, pharma and nutraceuticals, cosmetics, food and nutrition, animal nutrition, and industrial markets. Its product offerings include pea proteins and pea starch. The company offers pea protein under the NUTRALYS brand, which has binding, thickening, gelling, and texturizing properties.

NUTRALYS has high nutritional properties and digestion comparable to that of animal proteins.  NUTRALAYS provides weight management, muscular development, elder care, blood glucose management etc.

\he company operates through 25 industrial sites offering its products in more than 100 countries across the Asia Pacific, Europe, North America, and South America. Roquette America Inc. (US), Roquette Co. Ltd. (China), Roquette Ltd. (UK), Roquette Korea Ltd. (Korea), and Roquette CH SA (Switzerland) are some of the subsidiaries of the company.

ADM (US)

The Archer-Daniels-Midland Company (ADM) is a distinguished American multinational corporation with 75 years of expertise in the alternative protein and flavor industry. It is renowned as one of the leaders in human and animal nutrition ingredients and solutions. ADM holds a prominent position in sectors such as food and beverage, health, supplements, and animal nutrition. The company operates across four key product segments: Agricultural services and oilseeds, carbohydrate solutions, Nutrition and other businesses. The Nutrition segment is further divided into Human Nutrition, Animal Nutrition, Pet Nutrition, and Industrial BioSolutions, with Pea Protein falling under the Human Nutrition category.
ADM's global footprint spans over 100 years of experience, serving markets in more than 190 countries. Operating in South America, North America, Europe, and Asia, the company seamlessly connects its products with diverse markets, establishing a robust presence worldwide. ADM's commitment to excellence is reflected in its comprehensive offerings and extensive reach across the human and animal nutrition landscape, positioning it as a top player in the industry.

Ingredion (US)

Ingredion is one of the leaders involved in the manufacturing of industrial ingredients. It has three business segments, i.e., starch products, sweetener products and co-products and others. The company operates through six business segments: food, beverages, animal nutrition, beauty and home, biomaterials, and paper and corrugating. Its product portfolio includes starch products, plant proteins, sweetener products, gums and hydrocolloids, flours, fibers, allulose, extracts, emulsifiers etc. It offers pea protein under its co-products and others business segment. Ingredion stands out as the exclusive North American producer providing a comprehensive range of pea protein isolates, pulse concentrates, and flours (including yellow pea, faba, chickpea, yellow lentil, and red lentil), along with pea starch, creating a diverse and all-encompassing product portfolio.

It operates through 32 Ingredion Idea Labs innovation centers situated in 24 countries. It operates in several countries across regions like North America, South America, Asia Pacific, Europe, Middle East and Africa. The company operates through 20 manufacturing plants in North America.

Kerry Group Plc. (Ireland)

Kerry Group Plc. is a world-renowned leader in providing taste and nutrition solutions for the food, beverage, and pharmaceutical industries. With over 50 years of expertise, the company originated in Ireland as a dairy firm and has evolved into a global provider of taste and nutrition solutions, reaching over 1 billion consumers worldwide. Employing more than 23,000 professionals, including 1,100 scientists, Kerry operates in two main business segments: Taste and Nutrition and Dairy Ireland. Its Pea protein comes under the Taste and Nutrition segment.

The Taste and Nutrition segment is further divided into food, beverage, and pharmaceutical categories, showcasing the company's commitment to catering to diverse industry needs. Kerry's extensive reach spans across key regions, including Ireland, Rest of Europe, the Americas, Asia-Pacific, the Middle East, and Africa. The company now operates over 147 manufacturing sites across the continents and has a presence in over 200 locations worldwide.

The company primarily focuses on driving innovations and developing new products to cater to the global demand for innovative plant-based ingredients and alternatives. Its product solutions serve an array of industries, including bakery, dairy, poultry & seafood, snacks, beverages, pharma & biotechnology, and animal & pet, with an extensive line of products.

Glanbia PLC (Ireland)

Glanbia PLC is a global nutrition company that operates through two business segments: Glanbia Performance Nutrition (GPN) and Glanbia Nutritional’s (GN). The pea-protein segment comes under GN business segment. The company maintains a strong brand position in the food industry and is among the key ingredient partners for food manufacturers. It has operations across 30 countries, with its service and product offerings across 130 countries. Its presence in the dairy has bolstered the growth of its nutrition business.

Its products are sold through a range of channels, including specialty retail, the internet, and gyms in various formats, including powders, bars, and ready-to-drink beverages. Its brands participate across various formats, such as powders, capsules and tablets, drinks, smoothies, bites, and bars.

The company’s nutrition segment provides nutritional solutions to manufacturers, users, and partners. Glanbia Nutritional’s solution segment is a marketer of whey protein, specialist vitamin and mineral blends, plant-based ingredients, and functional beverages. Plant-based proteins offered by Glanbia PLC have a high nutritional value and outstanding functional qualities such as flavor, solubility, and heat stability.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441
[email protected]

Pea Protein Market Size,  Share & Growth Report
Report Code
FB 2741
RI Published ON
3/7/2022
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