Press release
Pea Protein Market Set to Surge with a Projected Value of USD 1646.94 Million by 2032
The ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ size was valued at USD 664.22 Mn. in 2024 and the total Global Pea Protein Market revenue is expected to grow at a CAGR of 12.02% from 2025 to 2032, reaching nearly USD 1646.94 Mn. by 2032.๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Pea protein, derived from split peas, is renowned for its dietary benefits and functional properties, including high amino acid content, water and oil retention, emulsification, and gelation capabilities. These attributes make it a preferred ingredient in the food industry. The market is segmented by product type, form, source, and application, with pea protein isolates dominating the product segment due to their high protein content and suitability for dietary supplements. Yellow split peas lead as the primary source, with versatile applications ranging from food and beverages to performance nutrition and meat alternatives.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.stellarmr.com/report/req_sample/Pea-Protein-Market/1656
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ:
The rising demand for plant-based proteins is the primary driver of the pea protein market. Consumers are increasingly opting for plant-based diets due to health benefits such as reduced saturated fats and cholesterol. The growing popularity of vegan and vegetarian lifestyles further propels market growth. Surveys highlight a significant increase in veganism, with projections suggesting that by 2040, 40% of the global population will reduce or eliminate meat consumption. Additionally, pea protein's nutritional benefits, including its rich amino acid profile and cardiovascular health advantages, are appealing to health-conscious consumers.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Several trends are shaping the pea protein market's trajectory. The adoption of pea protein in functional foods and beverages is gaining momentum due to its ability to enhance texture and nutritional value. Innovations in product development, such as textured pea proteins for meat alternatives, are driving demand. Sustainability concerns are also encouraging investments in plant-based protein sources, with companies like Roquette Frรจres and Cargill expanding their portfolios to include innovative pea protein solutions. Strategic partnerships, such as Roquette's collaborations in North America, and acquisitions by Kerry and Cargill, highlight the market's dynamic and competitive landscape.
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฉ๐๐๐ญ๐๐ฌ
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's rapidly evolving food and beverage industry offers significant potential for pea protein adoption. The demand for plant-based proteins in urban areas is soaring, driven by health-conscious millennials. ๐๐ฎ๐ญ๐ข๐๐จ๐จ๐ ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง ๐ ๐จ๐จ๐ ๐๐จ๐ข๐ง๐ญ ๐๐ญ๐จ๐๐ค ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ has been actively collaborating with international suppliers to develop innovative pea protein-based products.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's pea protein market is growing due to the increasing penetration of vegan diets. In 2023, ๐๐ก๐๐ข ๐๐ง๐ข๐จ๐ง ๐๐ซ๐จ๐ฎ๐ฉ announced the expansion of its plant-based portfolio to include pea protein-enhanced products. The market is also benefitting from government initiatives promoting plant-based alternatives.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.stellarmr.com/report/enquire_now/Pea-Protein-Market/1656
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's pea protein market has seen a wave of mergers and acquisitions, enhancing market competitiveness. ๐๐ฃ๐ข๐ง๐จ๐ฆ๐จ๐ญ๐จ ๐๐จ., ๐๐ง๐. partnered with a leading European pea protein manufacturer to expand its product range, catering to the demand for functional food ingredients.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's robust growth in vegan and flexitarian diets has catalyzed pea protein consumption. ๐๐ ๐๐ก๐๐ข๐ฅ๐๐๐๐๐ง๐ invested significantly in R&D to incorporate pea protein into traditional Korean snacks and ready-to-eat meals, aiming to attract younger demographics.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's thriving food innovation ecosystem has positioned it as a hub for plant-based protein research. Startups like ๐๐ซ๐จ๐ฐ๐ญ๐ก๐ฐ๐๐ฅ๐ฅ ๐ ๐จ๐จ๐๐ฌ have emerged as key players, introducing pea protein-based alternatives tailored to Asian palates. In 2024, Singapore hosted a prominent plant-based food expo, highlighting the potential of pea protein.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US remains a dominant market for pea protein, supported by an expansive network of health-conscious consumers and a surge in veganism. Leading players such as ๐๐๐ซ๐ ๐ข๐ฅ๐ฅ, ๐๐ง๐. and ๐๐จ๐ช๐ฎ๐๐ญ๐ญ๐ ๐ ๐ซรจ๐ซ๐๐ฌ have been investing in large-scale production facilities to meet rising demand. Key developments include partnerships with major retailers to enhance distribution.
๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's pea protein market continues to flourish, driven by stringent sustainability goals and consumer preferences for clean-label products. ๐๐๐ง๐จ๐ง๐ ๐.๐. announced a collaboration with ๐๐จ๐ฌ๐ฎ๐๐ซ๐ ๐๐ซ๐จ๐ฎ๐ฉ๐ ๐๐๐ซ๐๐จ๐ข๐ง๐ to optimize pea protein sourcing for its dairy alternatives. Additionally, regulatory advancements have streamlined the approval of innovative formulations.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.stellarmr.com/report/req_sample/Pea-Protein-Market/1656
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: Companies like ๐๐ง๐ ๐ซ๐๐๐ข๐จ๐ง ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐๐ and ๐๐๐ซ๐ซ๐ฒ ๐๐ซ๐จ๐ฎ๐ฉ have strategically acquired startups specializing in pea protein to expand their portfolios.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ: Advanced extraction techniques are improving pea protein's solubility and taste, enhancing its application in beverages and snacks.
๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ: Authorities in Europe and the US have updated guidelines for labeling plant-based proteins, ensuring transparency and consumer trust.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ:
By Product
Includes isolates
concentrates
textured
hydrolysates
By Form
Dry
wet
By Source
Yellow split peas
chickpeas
lentils
By Application
Food
meat substitutes
performance nutrition
functional foods
snacks
bakery products
confections
other food applications
beverages
other applications
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.stellarmr.com/report/Pea-Protein-Market/1656
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Roquette Frรจres (France)
Cargill, Incorporated (US)
Glanbia PLC (Ireland)
Kerry (Ireland)
Ingredion Incorporated (US)
Emsland Group (Germany)
Yantai Shuangta Foods Co, Ltd (China)
The Scoular Company (US)
Burcon Nutrascience Corp (Canada)
Shandong Jianyuan Group (China)
DuPont
Puris Protein Llc
Fenchem Inc.
Dupont
Axiom Foods Inc
Burcon Nutrascience Corp
ET-Chem (China)
AGT Foods and Ingredients (Canada)
The Green Labs LLC (US)
Martin & Pleasance
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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