Pea Protein Ingredients Market Size 2024 to 2031.

Market Overview and Report Coverage

Pea Protein Ingredients Market refers to the market for pea-derived protein ingredients, which are becoming increasingly popular in the food and beverage industry due to their nutritional benefits and sustainability. These ingredients are commonly used in a variety of applications, including plant-based meat alternatives, sports nutrition products, dairy alternatives, and dietary supplements.
The future outlook for the Pea Protein Ingredients Market is promising, with the market expected to grow at a CAGR of 14.70% during the forecasted period. This growth can be attributed to the rising demand for plant-based protein alternatives, increasing consumer awareness about the health benefits of pea protein, and the growing trend towards sustainable and clean label ingredients.
Currently, the market is witnessing significant investment and innovation in pea protein ingredients, with key players launching new products and expanding their production capacity. The market is also benefiting from the increasing adoption of plant-based diets and the growing popularity of vegan and vegetarian lifestyles. Overall, the Pea Protein Ingredients Market is expected to continue to experience strong growth in the coming years, driven by shifting consumer preferences towards healthier and more sustainable food options.

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Market Segmentation
The Pea Protein Ingredients Market Analysis by types is segmented into:
• Isolates
• Concentrates
• Other

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Pea protein ingredients market can be classified into three main types: isolates, concentrates, and others. Isolates are the purest form of pea protein, containing around 90% protein content with minimal carbohydrates and fats. Concentrates have a lower protein content compared to isolates but still offer a good protein source. The "other" category includes various pea protein products such as textured pea protein, pea protein hydrolysates, and pea protein flour. Each type offers different nutritional profiles and applications in the food industry.

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The Pea Protein Ingredients Market Industry Research by Application is segmented into:
• Food and Beverage
• Animal Feed
• Other

Pea protein is widely used in the food and beverage industry as a plant-based source of protein for products like plant-based meats, dairy alternatives, and sports nutrition drinks. It is also utilized in animal feed for livestock and pets to meet their protein requirements. In addition, pea protein can be found in other markets such as cosmetics, personal care products, and pharmaceuticals due to its hypoallergenic and nutrient-rich properties.

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In terms of Region, the Pea Protein Ingredients Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Pea Protein Ingredients market?
Some emerging trends in the global pea protein ingredients market include increasing demand for plant-based proteins due to rising consumer awareness of health and sustainability, the expansion of product offerings by manufacturers to cater to different applications such as food and beverages, sports nutrition, and supplements, the development of pea protein isolates with improved functionality, and the growing popularity of organic and non-GMO pea protein ingredients. Additionally, advancements in processing technologies for pea protein extraction and purification are expected to drive market growth. Overall, the market is projected to continue to expand as more consumers seek plant-based protein alternatives.

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Major Market Players
Cargill Incorporated is one of the leading players in the pea protein ingredients market. The company has a long history dating back to 1865 when it was founded in the United States. Over the years, Cargill has grown significantly and is now a global provider of food, agriculture, financial, and industrial products and services. In the pea protein ingredients market, Cargill offers a range of high-quality pea protein products that are used in various food and beverage applications.
Axiom Foods is another key player in the pea protein ingredients market. The company was established in 2005 and has quickly become a prominent supplier of plant-based protein ingredients, with a focus on organic and non-GMO sources. Axiom Foods has seen substantial market growth in recent years due to the increasing demand for plant-based protein products.
According to market research reports, the global pea protein ingredients market size was valued at USD 233.8 million in 2020 and is projected to reach USD 492.0 million by 2028, growing at a CAGR of 9.7% from 2021 to 2028. The market is expected to be driven by the rising trend towards plant-based diets, increasing awareness about the health benefits of pea protein, and growing demand for clean label and sustainable ingredients.
While specific sales revenue figures for the mentioned companies are not publicly available, it can be inferred that companies like Cargill Incorporated and Axiom Foods are likely to have significant shares in the pea protein ingredients market due to their strong presence, product offerings, and market reputation. With the continued growth of the plant-based protein market, these companies are expected to further expand their market presence and revenue.

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