Press release
Pea Protein Market Reach USD 1312.05 Million by 2030, Key Factors that are leading the Industry Globally
Pea Protein Market
The global pea protein market is witnessing robust growth driven by increasing consumer demand for plant-based protein alternatives, health consciousness, and sustainable food sources. Valued at approximately USD 430 million in 2023, the market is projected to expand at a CAGR of 9.4% from 2024 to 2030. The rising adoption of vegan and vegetarian diets, coupled with innovations in pea protein formulations, are fueling this upward trajectory.
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►Competitive Landscape
The competitive landscape is marked by a strong presence of key players including Roquette Frères, Ingredion Incorporated, Cosucra Groupe Warcoing SA, and Burcon NutraScience Corporation, focusing on product innovation, strategic partnerships, and geographic expansion. The Asia Pacific region is witnessing higher demand due to increased consumer awareness and growing food processing industries.
►Regional Insights
♦ United States Pea Protein Market Growth & Opportunities
The United States remains a pivotal market for pea protein, with expanding applications in food and beverage sectors such as snacks, dairy alternatives, and nutrition bars. Market growth is bolstered by rising health-conscious consumers and a surge in vegan product launches by major brands.
Mergers and acquisitions have played a key role in consolidating market position in the U.S., with Roquette Frères acquiring local firms to enhance production capabilities and distribution. Recent collaborations between Ingredion Incorporated and plant-based product manufacturers are setting new trends in clean-label protein ingredients.
♦ Asia Pacific Pea Protein Market Trends & Expansion
Asia Pacific is emerging as the fastest-growing market for pea protein, driven by changing dietary preferences, urbanization, and increased disposable income. Countries like China and India are seeing a surge in demand for plant-based proteins as alternatives to traditional animal proteins.
Consolidation activities include Cosucra Groupe Warcoing SA entering joint ventures with local suppliers to meet regional demand efficiently. Recent developments such as the launch of fortified pea protein products in Japan and South Korea are enhancing market growth opportunities.
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♦ Middle East & Africa Pea Protein Market Development & Consolidation
The Middle East and Africa region is gradually adopting pea protein, supported by growing awareness of health and wellness trends and increasing investment in food innovation. The demand is primarily driven by urban centers with changing consumer lifestyles.
Key mergers include Burcon NutraScience Corporation forming strategic alliances with Middle Eastern distributors to expand its footprint. The market is witnessing consolidation with local players partnering with international firms to cater to the growing protein demand.
♦ Europe Pea Protein Market Update & Competitive Landscape
Europe holds a significant share in the global pea protein market due to the strong preference for sustainable and clean-label products. Countries like Germany, France, and the UK lead in market adoption with extensive use in bakery, dairy alternatives, and meat substitutes.
Recent mergers in Europe include Roquette Frères strengthening its supply chain by acquiring smaller pea protein producers. Additionally, Ingredion Incorporated has invested heavily in R&D centers across Europe to develop next-generation protein products. The region continues to witness trends focused on organic and non-GMO pea protein varieties.
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► Market Segmentation: In-Depth Analysis:
by Type
Isolates
Concentrates
Textured
by Source
Split yellow peas
Lentils
Chickpeas
by Application
Meat substitutes
Performance nutrition
Functional foods
Snacks
Beverages
by Form
Dry
Wet
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-pea-protein-market/26472/
► Learn about the top players driving innovation in the Market :
Major Pea Protein Providers in North America:
1. DuPont (United States)
2. Ingredion (United States)
3. Puris (United States)
4. The Scoular Company (United States)
5. Burcon (Canada)
6. AGT Food and Ingredients (Canada)
7. The Green Labs LLC. (United States)
8. Axiom Foods, Inc. (United States)
9. Farbest Brands (United States)
Leading Pea Protein Manufacturers in Europe:
1. Roquette Frères (France)
2. Cosucra Groupe Warcoing SA (Belgium)
3. Cosucra (Belgium)
4. Sotexpro (France)
5. Emsland Group (Germany)
6. Glanbia PLC (Ireland)
7. Kerry (Ireland)
Key Players of Pea Protein Market in APAC:
1. Yantai Shuangta Foods Co., Ltd (China)
2. Shandong Jianyuan Group (China)
3. ET-Chem (China)
4. Shandong Xiangchi Jianyuan Bio-Tech Co., Ltd. (China)
5. Fenchem Biotek Ltd. (China)
6. Shandong Huatai Food (China)
7. Shuangta Food (China)
8. Shandong Oriental Herbest Bio-Tech Co., Ltd. (China)
9. Fencol Corporation (China)
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