Press release
Pea Protein Market Revenues To Grow At Nearly 11.84% From 2025 To 2034
Pea Protein Market
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➤ Market Size
• The global pea protein market was valued at approximately USD 3 billion in 2024.
• It is expected to grow to USD 3.3 billion by 2025.
• By 2034, the market is projected to reach USD 10.1 billion.
• This growth reflects a CAGR of around 11.84 % between 2025 and 2034.
• North America is currently the largest regional market, with Asia-Pacific identified as the fastest growing region over the forecast period.
➤ Market Overview
• The pea protein market refers to the commercial ecosystem involving the production, processing, distribution, and consumption of protein derived from peas, primarily yellow and green peas.
• Pea protein is used broadly across food and nutrition categories, including but not limited to meat substitutes, dairy alternatives, bakery & confectionery, snacks & cereals and other high-protein food products.
• Its appeal stems from being plant-based, allergen-free, non-GMO, and sustainable, aligning with health-driven and environmentally conscious dietary trends.
• Advanced biotechnology, improved extraction methods, and process innovations are enhancing the functional properties, solubility and use-case versatility of pea protein.
➤ Key Market Growth Drivers
• Rising demand for plant-based proteins as part of global health, wellness and sustainability trends is a primary growth catalyst.
• Consumer awareness of allergen-free and non-GMO food products increases preference for pea protein over traditional animal proteins.
• Expansion of meat substitute and dairy alternative products requiring high-quality plant protein is boosting market adoption.
• Technological advancements in protein extraction and processing improve pea protein's taste, texture and nutritional value.
• Growth in functional foods, nutritional beverages, snacks, and supplements drives broader market penetration.
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➤ Analysis of Key Players
Major companies profiled in the report include:
• Roquette Frères
• PURIS Foods
• Axiom Foods Inc.
• The Scoular Company
• Ingredion Incorporated
• Glanbia plc
• Cosucra Groupe Warcoing
• Emsland Group
• Burcon NutraScience Corporation
• Shandong Jianyuan Group
• Yantai Shuangta Food Co. Ltd.
• Fenchem Biotek Ltd.
• Kerry Group plc
• AGT Food and Ingredients Inc.
• Naturz Organics
• Others
➤ Key Player Strategies
• Strengthening production capacity and distribution reach in key geographies.
• Innovating product portfolios to enhance functional performance and taste profiles.
• Strategic investments in biotechnology and sustainable processing technologies.
• Collaborations with food manufacturers to expand usage across varied product applications.
• Adoption of clean-label, non-GMO and allergen-free branding to increase consumer trust.
➤ Market Challenges & Opportunities
Challenges:
• High production and operational costs stemming from sophisticated extraction and quality control requirements.
• Regulatory complexities and compliance differences across countries can hinder seamless expansion.
• Market volatility influenced by raw material price fluctuations and supply chain disruptions.
Opportunities:
• Strong consumer movement towards plant-based, nutritionally enriched foods across global markets.
• Expansion into emerging markets fueled by rising disposable income and urbanization.
• Growth prospects in functional foods, fortified snacks and specialized nutrition segments.
• Companies that adopt sustainable and ESG-compliant production methods may gain competitive advantage.
➤ Recent Developments (Use As It Is From Report RD)
• In November 2024, Axiom Foods, a leading plant-based ingredient company in the US, expanded production of its improved pea protein, Vegotein N, at North American facilities using local ingredients and patented processes, aiming to process over 2,000 metric tons annually by January 2025 and double capacity within a year. This move breaks China's near-total dominance in US pea protein supply-disrupted by high tariffs in 2023-offering manufacturers a reliable, cost-effective, allergy- and GMO-free alternative, with the company launching new Vegotein N SKUs in early 2025 and targeting key global markets as demand for sustainable plant proteins rises.
➤ Investment Landscape and ROI Outlook
• The market's double-digit CAGR highlights robust growth and long-term investment potential.
• Expansion of applications across food categories ensures diversified revenue streams.
• Sustainable production and clean-label demand support premium pricing and margins.
• Emerging markets with increasing consumer awareness create attractive entry points for new investors.
• Investment in technology, product innovation, and regional expansion offers high ROI potential over the forecast period.
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➤ Market Segmentations (With Region)
By Type:
• Pea Protein Isolates
• Pea Protein Concentrates
• Textured Pea Protein
• Pea Protein Hydrolysates
By Source:
• Yellow Split Peas
• Green Peas
By Form:
• Dry
• Wet
By Application:
• Meat Substitutes
• Dairy Alternatives
• Bakery & Confectionery
• Snacks & Cereals
Regional Coverage:
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South & Central America
➤ Why Buy This Report?
• Comprehensive market size and forecast analysis through 2034.
• Detailed competitive landscape with key player profiling.
• Insight on growth drivers, trends, and industry challenges.
• Extensive segmentation by type, source, form, application, and geography.
• Strategic guidance for investment, product development, and market entry decisions.
➤ FAQs
Q. What is the expected market size of the pea protein market by 2034?
• The pea protein market is projected to reach USD 10.1 billion by 2034 at approximately 11.84 % CAGR between 2025 and 2034.
Q. Which region currently leads the pea protein market?
• North America is the largest regional market due to advanced food manufacturing, high health consciousness, and widespread adoption in major food applications.
Q. What are the main applications driving the pea protein market?
• Growth is primarily driven by meat substitutes, dairy alternatives, bakery & confectionery products and snacks fortified with plant protein.
Q. Who are the key players in this market?
• Key market participants include Roquette Frères, PURIS Foods, Axiom Foods Inc., The Scoular Company, Ingredion, Glanbia, and others.
Q. What major trends are shaping the pea protein market?
• Trends include clean-label, non-GMO, allergen-free formulations, sustainability practices, and expanding plant-based food applications.
➤ More Related Reports by Custom Market Insights-
Global Citrus Pectin Oligosaccharide Market 2025 - 2034
https://www.custommarketinsights.com/report/citrus-pectin-oligosaccharide-market/
Global Pectin Oligosaccharides (POS) Market 2025 - 2034
https://www.custommarketinsights.com/report/pectin-oligosaccharides-pos-market/
Global Hybrid Meat Market 2025 - 2034
https://www.custommarketinsights.com/report/hybrid-meat-market/
Global Dairy Herd Management Market 2025 - 2034
https://www.custommarketinsights.com/report/dairy-herd-management-market/
➤ Conclusion
The global pea protein market is experiencing strong momentum, projected to expand from approximately USD 3 billion in 2024 to USD 10.1 billion by 2034 at a robust 11.84 % CAGR. Rising demand for plant-based, allergen-free proteins and expanding applications in meat substitutes, dairy alternatives, and functional foods are major growth drivers. North America remains the largest market, while Asia-Pacific shows the highest growth potential. Innovation in extraction technology, sustainability practices, and strategic expansions by key players are fortifying global competitiveness. Despite cost and regulatory challenges, the market holds strong investment appeal with diversified opportunities across food and nutrition segments.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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