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Pea Protein Market by Type, Form, Source, Application, and Region - Global Forecast to 2026

03-07-2022 01:02 PM CET | Health & Medicine

Press release from: DeepResearchReports

Pea Protein Market by Type, Form, Source, Application,

The global market for pea protein is estimated at USD 844 million in 2021; it is projected to grow at a CAGR of 13.5% to reach USD 1,588 million by 2026. Pea protein hosts a wide array of functional benefits in terms of product formulation, protein content, and acceptability in different food and beverage formats. When compared to other alternative sources of protein such as soy, pea hosts significantly improved advantages in terms of protein content and positive consumer sentiment. Unlike soy, pea protein is allergen-friendly and can be consumed by individuals without the prospect of an allergic reaction. Pea crops are also non-genetically modified, which provides manufacturers with an advantage, in terms of labeling claims and product functionality. Due all these benefits the market for pea protein is estimated to grow.

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The meat substitute segment by application is projected to observe the fastest growth in the pea protein market throughout the forecasted period

The application of pea proteins in functional foods is attributed to their high amino acid profile. The use of pea proteins in nutritional supplements and healthy foods such as snack bars, yogurts, and other products has led to increased demand from consumers.

The isolates segment by type is estimated to account for the largest market share in the global pea protein market

Pea-protein isolates is a high-quality, high-protein option for vegans, vegetarians, those with dairy allergy or intolerance, and others looking for a protein option free from 'anti-nutrients' (such as lectins). Pea protein isolates contain a purer form of protein (88% to 95%) than pea protein concentrates. There are many companies producing pea protein isolates.

The dry sub-segment of the by form segment is projected to attain the fastest market growth in pea protein market over the forecast period.

The use of dry textured pea proteins is prevalent across developed regions such as North America and Europe, where the strong demand for dry pea protein ingredients in applications such as plant-based meat and snacks has driven manufacturers into scaling-up production for dry textured pea proteins. However, concerns oversupply due to shortages in pea supply have resulted in adverse effects on manufacturers and driven up prices for pea protein in the region.

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Leading players profiled in this report

Roquette Freres (France)
Puris Foods (US)
Ingredion (US)
Emsland Group (Germany)
Fenchem Inc (China)
DuPont (US)
A&B Ingredients (US)
Glanbia PLC (Ireland)
The Scoular Company (US)
Axiom Foods Inc (US)
Burcon Nutrascience Corp (Canada)
AGT Foods (Canada)
Shandong Jianyuan Foods Co., Ltd. (China)
Yan Tai Shuang Ta Food Co., Ltd. (China)
Kerry Inc (Ireland)

Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India

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