Pea Protein Market

Pea Protein Market Size & Share - Expected Industry Growth in Years to Come

The global pea protein industry encompasses the commercial activities related to the production, distribution, and sale of pea protein as a standalone ingredient or as an additive in various food, beverage, and dietary supplement products. This market includes manufacturers, suppliers, distributors, retailers, and consumers involved in the trade of pea protein-based products worldwide.

Market Size and Growth: The pea protein market size 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.

Several factors are fuelling global pea protein market growth:

  • Rising Demand for Plant-Based Protein: Consumers are increasingly opting for plant-based protein sources due to health concerns, environmental considerations, and ethical reasons. Pea protein is a complete protein, meaning it contains all nine essential amino acids, making it a popular choice.
  • Health and Wellness Trends: Pea protein is associated with various health benefits, including muscle building, weight management, and satiety support. This aligns with the growing focus on health and wellness among consumers.
  • Clean Label Preference: Pea protein is a natural and minimally processed ingredient, which appeals to consumers who prefer clean label products.
  • Versatility of Pea Protein: Pea protein offers a wide range of functional properties, such as emulsification, texture enhancement, and foaming. This makes it suitable for use in a variety of food and beverage applications.

Overall, the pea protein market is poised for continued growth in the coming years, driven by the increasing demand for plant-based protein and the versatility of this ingredient.

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Pea Protein Market Share - Global Industry Landscape

The global pea protein market is characterized by the presence of several key players competing for market share. Some of the leading companies in the pea protein industry include:

  • Cargill, Incorporated (US)
  • Glanbia PLC (Ireland)
  • Kerry (Ireland)
  • Ingredion Incorporated (US)
  • Emsland Group (Germany)
  • Yantai Shuangta Foods Co, Ltd (China)
  • The Scoular Company (US)

Cargill, Incorporated (US)

Cargill, Incorporated, a prominent player in the food and agricultural industries, has a significant role in the pea protein market. Leveraging its extensive expertise in ingredient manufacturing and global distribution networks, Cargill has been actively involved in the production and supply of pea protein. The company offers a range of pea protein ingredients tailored for various applications in the food, beverage, and nutritional supplement sectors. Through its innovation and research capabilities, Cargill continues to develop pea protein solutions to meet the growing demand for plant-based protein alternatives, thereby contributing to the expansion and diversification of the pea protein market.

Glanbia PLC (Ireland)

Glanbia PLC, headquartered in Ireland, is a key player in the pea protein industry. Renowned for its expertise in dairy and nutritional ingredients, Glanbia has expanded its portfolio to include plant-based proteins, including pea protein. The company has invested in research and development to enhance its pea protein offerings and meet the rising demand for plant-based protein sources. Leveraging its global distribution network, Glanbia supplies pea protein ingredients to various food, beverage, and nutritional supplement manufacturers worldwide. With a commitment to sustainability and innovation, Glanbia plays a vital role in shaping the growth and development of the market.

Kerry (Ireland)

Kerry, based in Ireland, is a significant player in the global pea protein market, leveraging its expertise in taste and nutrition solutions. The company offers a range of pea protein ingredients tailored for diverse applications in the food, beverage, and nutritional sectors. Kerry's focus on innovation and research enables the development of customized pea protein solutions to meet consumer preferences and market demands. With a global presence and strong partnerships, Kerry plays a pivotal role in driving the growth and adoption of pea protein as a sustainable and nutritious plant-based ingredient.

Ingredion Incorporated (US)

Ingredion Incorporated, known for its expertise in ingredient solutions. The company offers a comprehensive portfolio of pea protein ingredients catering to various food and beverage applications. Ingredion's focus on innovation and sustainability drives the development of high-quality pea protein products to meet consumer demands for plant-based protein sources. With its global reach and technical expertise, Ingredion plays a crucial role in supplying pea protein ingredients to manufacturers worldwide, contributing to the expansion and diversification of the pea protein industry.

Emsland Group (Germany)

Emsland Group, specializes in the production of pea protein isolates and concentrates, offering high-quality solutions for food, beverage, and nutritional applications. With a focus on sustainability and innovation, Emsland Group continues to invest in research and development to enhance its pea protein offerings and meet evolving consumer preferences. Leveraging its global distribution network, Emsland Group plays a crucial role in supplying pea protein ingredients to manufacturers worldwide, driving growth and adoption in the market.

Yantai Shuangta Foods Co, Ltd (China)

Yantai Shuangta Foods Co., Ltd, based in China, is a notable player in the pea protein industry, specializing in the production and supply of pea protein ingredients. The company's expertise lies in the processing of peas to extract high-quality protein isolates and concentrates. With a focus on technological innovation and quality control, Yantai Shuangta Foods delivers pea protein solutions for various applications in the food, beverage, and dietary supplement industries. Through its extensive distribution network and commitment to customer satisfaction, the company plays a significant role in meeting the growing demand for pea protein both domestically and internationally, contributing to the expansion and development of the global market.

The Scoular Company (US)

The Scoular Company plays a significant role in the pea protein market by offering sourcing, processing, and distribution services for pea protein ingredients. Leveraging its expertise in agricultural supply chain management, Scoular works closely with farmers to ensure a consistent supply of high-quality peas for protein extraction. The company's processing facilities produce pea protein isolates and concentrates tailored to meet the diverse needs of food, beverage, and nutritional supplement manufacturers. With a commitment to sustainability and innovation, Scoular contributes to the growth and development of the pea protein market by providing reliable and efficient solutions to its customers worldwide.

Related Report:

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

Pea Protein Market Size,  Share & Growth Report
Report Code
FB 2741
RI Published ON
2/20/2024
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