Pea Protein Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview:
Pea Protein Market is expected to grow at a CAGR of 13% during the forecasting period (2023-2030).
Pea protein is derived from yellow split peas, which are part of pulses and legumes family. Pea protein is commercially available in two variants which includes dry and liquid.
Currently, it is used as a key ingredient in the processing of milks, yogurt, snack bars, faux meat, protein powder and veggie burgers. The key functional properties of pea protein include gluten-free, non-GMO, organic, and vegan. Presence of similar functional properties as whey protein led to increased consumption among the consumers as a ingredient in post-workout smoothies.

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Market Dynamics:
1. Rise in population of vegetarian consumer and growing demand for affordable and sustainable protein powders are primary factors driving the global pea protein market.
2. Increasing utilization of pea protein as a key ingredient in the production of plant-based meat is additionally contributing to the growth of pea protein market globally during forecast period.
3. Growing diet trend among the consumer towards vegan, non-GMO, organic, gluten-free, soy-free based foods is expected to increase the consumption of pea protein as key ingredient in their foods during forecast period.

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Market Segmentation:
• By Product Type
o Isolates*
o Textured
o Concentrates
• By Form
o Powder*
o Liquid
• By Application
o Meat Substitutes*
o Soups & Sauces
o Dairy & Dairy Substitutes
o Nutritional Supplements
o Others

Company Profiles:
1. Emsland Group*
2. Euroduna Food Ingredients GmBh
3. Now Foods
4. Source Naturals, Inc.
5. Cargill Incorporated.
6. Nutribiotic
7. Z-Company
8. Cosucra Groupe Warcoing SA
9. Axys Nutrition Products Pvt. Ltd.
10. Farbest Brands

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