Pea Protein Market is Touted to Earn a Whopping $176.03 Million by 2025

The global pea protein market is projected to reach $176.03 million by 2025, registering a CAGR of 23.6% from 2018 to 2025. In 2017, the pea protein isolate segment accounted for more than half share of the global pea protein market in terms of value.

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Pea protein is extracted from green and yellow peas and is used in some protein supplements and protein-enriched foods. It contains all the essential amino acids required for healthy body function. It helps in doing weight management, improving blood circulation and calcium absorption, maintaining healthy muscle, boosting metabolism, and regulating blood sugar. Pea protein is lactose-free and is safe for people with allergies or sensitivities to dairy and eggs. Thus, vegetarians and vegans prefer pea protein products to supplements with protein derived from dairy, such as casein, whey proteins, eggs, or meat.

Enhanced health consciousness, multiple health benefits, and increased demand for meat protein alternatives have increased the demand of pea protein in the past few years, thus propelling the growth of pea protein.The use of pea protein as an alternative for other protein and non-protein ingredients in numerous applications, such as dietary and nutritional supplements, meat alternatives and extenders, snacks, beverages, and other bakery and confectionery goods by food industries, also drives the sales for the global pea protein market. Inclusion of pea protein in sports nutrition and weight management products are expected to increase the popularity and demand of pea protein in the upcoming years.

North America is estimated to be the largest market for pea protein both in terms of value and volume in 2017. The Asia-Pacific region is projected to be the fastest-growing market in terms of value during the forecast period. This growth is mainly driven by the increasing awareness among food & beverage manufacturers, rising urbanization, and growing consumer demand for pea proteins, owing to their high nutritional profile, particularly in countries, such as China, Japan, and Australia.

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Key Findings of the Pea Protein Market:
• The pea protein isolate segment was the highest contributor to the market in 2017, and is projected to grow at a CAGR of 22.8%.
• The dry based pea protein segment accounted for 72.14% and is expected to grow at the CAGR of 23.4% from 2018 to 2025.
• The Asia-Pacific region accounted for 18.70% of the pea protein market share in the global pea protein market in 2017 and is projected to grow at a significant CAGR of 25.0%.
• In 2017, China accounted for the highest pea protein market share accounting approximately for 23.1% in the Asia-Pacific region.
• In 2017, the dietary supplement segment generated the highest market share and is expected to grow at significant CAGR of 24.2%.
• The meat products & alternatives segment accounted for almost 12% share of the pea protein market in 2017.

In terms of value, Asia-Pacific and LAMEA collectively contributed more than 30% share in the global market in 2017. The key players operating in the pea protein market are A&B Ingredients, Roquette Freres Le Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia, Plc., The Green Labs LLC, GEMEF Industries, Axiom Foods, Inc., Puris and Yantai Shuangta Food Co., Ltd.

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