Pea Protein Market to Reach USD 1.65 Billion by 2032, Expanding at a 12.02% CAGR"

Global Pea Protein Market Set to Flourish Amid Rising Health Consciousness and Plant-Based Trends

March 10, 2025

The Global Pea Protein Market is experiencing significant growth, driven by increasing consumer demand for plant-based proteins and a shift towards healthier dietary choices. According to Stellar Market Research, the market 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.

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Market Estimation, Growth Drivers, and Opportunities

The robust growth of the pea protein market can be attributed to several key factors:

Health and Wellness Trends: Consumers are increasingly seeking plant-based protein sources due to health concerns associated with animal proteins, such as cholesterol and saturated fats. Pea protein, being rich in essential amino acids and free from common allergens, aligns with this demand for healthier alternatives.

Rise in Vegan and Vegetarian Populations: The global shift towards veganism and vegetarianism has propelled the demand for plant-based proteins. Pea protein serves as an excellent alternative to soy and whey proteins, catering to this growing demographic.

Sustainability Concerns: Pea cultivation has a lower environmental footprint compared to animal farming, appealing to environmentally conscious consumers and companies aiming to reduce their carbon footprint.

Product Innovations: Manufacturers are incorporating pea protein into a variety of products, including meat substitutes, dairy alternatives, and nutritional supplements, expanding its application scope and market reach.

U.S. Market Trends and Investments

In 2024, the U.S. pea protein market witnessed notable developments:

Strategic Partnerships: Major food companies collaborated with pea protein suppliers to develop new plant-based products, aiming to capture a share of the burgeoning plant-based food market.

Investment in Processing Facilities: Significant investments were made in establishing pea protein processing facilities to meet the rising domestic demand and reduce reliance on imports.

Regulatory Support: The U.S. Food and Drug Administration (FDA) provided clear guidelines on labeling plant-based proteins, facilitating smoother market entry for new products.

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Market Segmentation and Dominant Segments

The pea protein market is segmented based on type and application:

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

Competitive Analysis

The global pea protein market is characterized by the presence of key players:

Roquette Frères: A leading French company specializing in plant-based ingredients, Roquette has invested heavily in expanding its pea protein production capacity to meet global demand.

Cargill, Incorporated: This U.S.-based agribusiness giant has entered the pea protein market through strategic partnerships and investments in processing facilities, aiming to diversify its plant-based protein offerings.

Ingredion Incorporated: Ingredion has focused on developing innovative pea protein ingredients suitable for various applications, including meat alternatives and dairy-free products.

Burcon NutraScience Corporation: A Canadian company specializing in plant-based proteins, Burcon has developed proprietary extraction technologies to produce high-purity pea protein isolates.

Axiom Foods, Inc.: Based in the U.S., Axiom Foods is known for its organic and non-GMO pea protein products, catering to health-conscious consumers and clean-label product trends.

These companies are actively investing in research and development to enhance the functionality and taste of pea protein, making it more appealing to both manufacturers and consumers.

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Regional Analysis

The pea protein market exhibits varying dynamics across key regions:

United States: As one of the largest markets, the U.S. benefits from a strong plant-based food industry and supportive government policies promoting sustainable agriculture.

United Kingdom: The UK's market growth is driven by a significant vegan population and government initiatives encouraging plant-based diets to improve public health and environmental sustainability.

Germany: Germany's market is bolstered by a robust food processing industry and consumer preference for organic and non-GMO products, supported by stringent food labeling regulations.

France: The French market benefits from government subsidies for plant-based protein production and a growing trend towards flexitarian diets among consumers.

Japan: Japan's market growth is influenced by technological advancements in food processing and a cultural shift towards Western dietary patterns, increasing the acceptance of plant-based proteins.

China: China's market expansion is driven by a large population base, rising health awareness, and government campaigns promoting plant-based diets to ensure food security and environmental protection.

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Conclusion

The pea protein market is poised for substantial growth, driven by health trends, sustainability concerns, and the rising popularity of plant-based diets. Companies investing in product innovation, expanding production capacities, and focusing on quality and taste improvements are likely to gain a competitive edge. Additionally, supportive government policies and consumer demand for clean-label products present significant opportunities for market expansion.

As consumers continue to prioritize health and environmental sustainability, the demand for pea protein is expected to rise, making it a key ingredient in the future of food.

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