Pea Protein Ingredients Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Pea Protein Ingredients Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Pea Protein Ingredients Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant increase in the size of the pea protein ingredients market. It's projected to rise from a value of $1.96 billion in 2024 to around $2.09 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.9%. The escalating growth during the historical phase is due to heightened consumer preference for protein sources derived from plants, bolstered demand for alternatives to meat, surge in consumption of protein-enriched foods, growing health awareness among consumers, and an increase in the demand for functional foods.

The market for pea protein ingredients is projected to experience robust expansion in the coming years. The market will elevate to a worth of $2.92 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. This growth during the forecast period is attributed to factors such as the increase in vegan and vegetarian consumers, the appeal of allergen-free and gluten-free products, the rising demand for vegan and vegetarian foods, broadened acceptance in developing markets, and enhanced emphasis on sustainable procurement. Key trends in the forecast period encompass innovations in product development, alternatives to plant-based meat, tailor-made protein mixes, clean-label packaging and promotion, and sports nutrition and supplements.

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How Are Emerging Segments Shaping the Pea Protein Ingredients Market Landscape?
The pea protein ingredients market covered in this report is segmented -

1) By Type: Isolates, Concentrates, Other Types
2) By Source: Yellow split peas, Chickpeas, Lentils
3) By Application: Bakery and Snacks, Dietary Supplements, Beverages, Meat Substitutes, Other Applications

Subsegments:
1) By Isolates: Yellow Pea Protein Isolates, Green Pea Protein Isolates
2) By Concentrates: Yellow Pea Protein Concentrates, Green Pea Protein Concentrates
3) By Other Types: Textured Pea Protein, Pea Protein Flour, Pea Protein Hydrolysates

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Which Growth Factors Are Influencing Pea Protein Ingredients Market Expansion?
The interest in vegetarian and vegan diets is increasing, which is anticipated to boost the pea protein ingredient market in the future. These diets, which refrain from consuming any animal-derived food, make use of pea protein ingredients that come from plant sources. These ingredients are versatile and sustainable, meeting the protein requirements of vegetarians and vegans effectively. In April 2023, The Plant-Based Foods Association, a trade group hailing from the US and represents the plant-based food industry, reported that plant-based foods held a total of $8 billion of U.S. retail trade in 2022. This signifies a surge of approximately 6.67% from $7.5 billion in 2021. Hence, the pea protein ingredient market is flourishing due to the increasing favorability of vegetarian and vegan diets.

Who Are the Dominant Players Across Different Pea Protein Ingredients Market Segments?
Major companies operating in the pea protein ingredients market include Cargill Incorporated, Agridient Inc., Axiom Foods Ltd., Norben Company Inc., Nutri Pea Ltd., Burcon NutraScience Corporation, Cosucra Groupe Warcoing SA, A & B Ingredients Inc., Shandong Jianyuan Foods Co. Ltd., Archer Daniels Midland Company, Fenchem SA, Kerry Group plc, Prinova Group LLC, Batory Foods Inc., PLT Health Solutions, Glanbia plc, AGT Food & Ingredients Inc., World Food Processing LLC, Yantai T. Full Biotech Co. Ltd., Suzhou Wanshen Flour Products Co. Ltd., Ingredion Incorporated, Cambridge Commodities Inc., Consucra-Groupe Warcoing SA, Roquette Freres Le Romarin SA, Green Labs LLC, GEMEF Industries, Puris Proteins LLC., Tate & Lyle Inc., Emsland-Starke Gmbh, DuPont de Nemours Inc.

What Are the Latest Developing Trends in the Pea Protein Ingredients Market?
Prime market contenders are creating textured vegetable protein products such as Vertis to stay ahead in competition and enrich their product portfolio. Characterized by its unique texture, Vertis is a revolutionary textured pea canola protein product that serves as a comprehensive source of plant-based protein, ideal for meat substitutes and plant-based uses. As an example, DSM, a firm situated in the Netherlands that concentrates on developing innovative solutions in nutrition, health, and sustainability, unveiled the Vertis Textured Pea Canola Protein in 2022. This stands as the first textured vegetable protein worldwide that supplies all nine crucial amino acids, positioning it as a comprehensive protein source. Additionally, this cutting-edge product is devoid of soy, gluten, and dairy, making it remarkably adaptable. The Vertis Textured Pea Canola Protein, with its unique texture attributes, is intended to aid food producers in manufacturing more authentic and nutritionally attractive meat replacements and plant-based items. It's noteworthy that it hydrates quickly, possesses excellent processing ability, and backs up low-fat and low-salt recipes while offering a texture that is reminiscent of conventional meat products.

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Which Geographic Regions Are Expected to Dominate the Pea Protein Ingredients Market in the Coming Years?
North America was the largest region in the pea protein ingredients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pea protein ingredients market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pea Protein Ingredients Market?
2. What is the CAGR expected in the Pea Protein Ingredients Market?
3. What Are the Key Innovations Transforming the Pea Protein Ingredients Industry?
4. Which Region Is Leading the Pea Protein Ingredients Market?

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