Pea Protein Market Overview:

Maximize Market Research has published an intelligence report entitled Pea Protein Market, which includes Manufacturers, Regions, Segments and Forecast to 2030 that is the complete creation of meticulous primary and secondary research. The report thoroughly covers the analysis of insights in view of the Pea Protein market along with its ever-changing patterns, industry environment, and all dominant aspects of the market.

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The Pea Protein Market size was valued at USD 592.95 Million in 2023 and the total Pea Protein Market revenue is expected to grow at a CAGR of 12.02% from 2024 to 2030, reaching nearly USD 1312.05 Million.

Pea Protein Market Dynamics:

Pea Protein's Nutritional Superiority:

Pea protein, a vital alternative protein source, caters to vegetarians and lactose-intolerant individuals, serving as a substitute for soy, almonds, and peanuts. With its high protein concentration and a complete set of essential amino acids, pea protein brings several health benefits, including improved calcium absorption, muscle preservation, heightened metabolism, and blood sugar regulation. The nutritional profile positions pea protein as a preferred choice for health-conscious consumers.

Growing Appeal of Plant-Based Proteins:

The forecast period anticipates a surge in demand driven by the increasing popularity of plant-based proteins, fitness and health trends, and the rising vegan and vegetarian population. Pea protein's versatility and beneficial qualities, such as emulsification, texture enhancement, and foaming, contribute to its market potential. Advancements in manufacturing processes are expected to unlock substantial opportunities, catering to specific needs like energy balance, weight loss, muscle recovery, and satiety.

Pea Protein Market Segmentation:

by Type

Isolates
Concentrates
Textured

With over 58% of the total revenue generated by the pea protein market in 2023, the Isolates segment owned the lion's share of the market share based on type. The yellow pea protein isolate, which is generally obtained from peas grown in North America or Europe, is the main focus of the isolates segment, which frequently makes up the greatest portion. To produce protein from pea isolate, the outer shell of the pea is typically removed in accordance with standard food industry processes before the pea is ground into flour. The other ingredients, such as fibre and starch, are removed by a second filtration procedure. This leaves behind a white precipitate, which is then distilled to create pea protein isolate, which is then used to make protein powder.

by Source

Split yellow peas
Lentils
Chickpeas

by Application

Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages

by Form

Dry
Wet

According to form, the Wet category held the biggest market share for pea protein in 2023 and is predicted to expand at the fastest rate of growth (CAGR) between 2024 and 2029. Wet pea protein is used in baked foods, meat products, and confections as a texturizing agent. Wet pea protein's fibrous nature is also anticipated to encourage its integration into fruit juice blends and energy supplements.

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Pea Protein Market Key Players:

Major Pea Protein Providers in North America:

1. DuPont (United States)
2. Ingredion (United States)
3. Puris (United States)
4. The Scoular Company (United States)
5. Burcon (Canada)
6. AGT Food and Ingredients (Canada)
7. The Green Labs LLC. (United States)
8. Axiom Foods, Inc. (United States)
9. Farbest Brands (United States)

Leading Pea Protein Manufacturers in Europe:

1. Roquette Frères (France)
2. Cosucra Groupe Warcoing SA (Belgium)
3. Cosucra (Belgium)
4. Sotexpro (France)
5. Emsland Group (Germany)
6. Glanbia PLC (Ireland)
7. Kerry (Ireland)

Key Players of Pea Protein Market in APAC:

1. Yantai Shuangta Foods Co., Ltd (China)
2. Shandong Jianyuan Group (China)
3. ET-Chem (China)
4. Shandong Xiangchi Jianyuan Bio-Tech Co., Ltd. (China)
5. Fenchem Biotek Ltd. (China)
6. Shandong Huatai Food (China)
7. Shuangta Food (China)
8. Shandong Oriental Herbest Bio-Tech Co., Ltd. (China)
9. Fencol Corporation (China)

Table of content for the Pea Protein Market includes:

Part 01: Executive Summary

Part 02: Scope of the Pea Protein Market Report

Part 03: Global Pea Protein Market Landscape

Part 04: Global Pea Protein Market Sizing

Part 05: Global Pea Protein Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Pea Protein Market Regional Analysis:

North America Leading: In 2023, North America dominated the global pea protein market, accounting for more than 45% of global sales. The region's growth is attributed to increasing demand for gluten-free products, concerns about cardiovascular diseases, and the robust growth of the sports nutrition industry.

Key Questions answered in the Pea Protein Market Report are:

What is Pea Protein?
Which segment grabbed the largest share in the Pea Protein market?
How is the competitive scenario of the Pea Protein market?
Which are the key factors driving the Pea Protein market growth?
Which region holds the maximum share in the Pea Protein market?
What will be the CAGR of the Pea Protein market during the forecast period?
Which are the prominent players in the Pea Protein market?
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