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Pea Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 105 pages | ID: PA3CBD19B04AEN
IMARC Group

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Market Overview:

The global pea protein market size reached US$ 975.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,063.1 Million by 2028, exhibiting a growth rate (CAGR) of 13.18% during 2023-2028. The rising health awareness among consumers about maintaining healthy lifestyle, a wide availability through different distribution channels, and increasing adoption of veganism among individuals represent some of the key factors driving the market.

Pea protein refers to the protein powder that is extracted from yellow peas. It comprises various nutrients, such as iron, sodium, fiber, calories, carbohydrate, protein, and essential amino acids. It is widely available as isolate, concentrate, and textures pea protein in different packaging sizes. It is gluten and lactose-free, easily digestible, vegan-friendly, and has a creamier texture. It offers enhanced heart health, prevents several cardiovascular diseases, and promotes appetite control and manages weight loss. It assists in improving the nutrient content of the diet, enhancing muscle strength, and maintaining high cholesterol and blood pressure among individuals. Besides this, it may also aid in preventing kidney problems, such as cysts, urinary tract infections (UTIs), and kidney stones. As a result, pea protein is widely employed in energy bars, meal-replacement shakes, burgers, and cereals across the globe.

Pea Protein Market Trends:

At present, the rising demand for pea protein due to the increasing awareness among consumers about eating a healthy diet represents one of the key factors supporting the growth of the market. Besides this, the growing demand for high protein diet among individuals due to busy lifestyles and improper eating habits is offering a positive market outlook. Additionally, there is a rise in the need for non-toxic, non-allergic, and easily digestible food products among the masses around the world. This, coupled with the increasing demand for pea protein among fitness enthusiasts and sportspersons, is propelling the growth of the market. Apart from this, the rising demand for pea protein among consumers due to the increasing adoption of veganism among individuals around the world is offering lucrative growth opportunities to industry investors. Moreover, the wide availability of pea protein through online and offline distribution channels across the globe is positively influencing the market. In addition, the growing utilization of pea protein in beverages, meat substitutes, dietary supplements, and bakery products is contributing to the growth of the market. Furthermore, the rising demand for pea protein, as it aids in treating various health disorders, such as diabetes, heart attack, and kidney diseases is strengthening the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pea protein market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and end user.

Product Type Insights:

Isolates
Concentrates
Textured


The report has provided a detailed breakup and analysis of the pea protein market based on the product type. This includes isolates, concentrates, and textured. According to the report, isolates represented the largest segment.

Application Insights:

Dietary Supplements
Bakery Products
Meat Substitutes
Beverages
Others


A detailed breakup and analysis of the pea protein market based on the application has also been provided in the report. This includes dietary supplements, bakery products, meat substitutes, beverages, and others. According to the report, meat substitutes accounted for the largest market share.

End-User Insights:

Retail
Institutional


A detailed breakup and analysis of the pea protein market based on the end-user has also been provided in the report. This includes retail and institutional. According to the report, retail accounted for the largest market share.

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America


The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, Europe was the largest market for pea protein. Some of the factors driving the Europe pea protein market included the growing demand for pea protein in various sports drinks, rising fitness clubs and gym centers, increasing demand for vegan diet, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global pea protein market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Axiom Foods, Inc., Cosucra-Groupe Warcoing, Nutri-Pea Limited, Roquette Freres, Shandong Jianyuan Foods Co., Ltd, Sotexpro SA, The Scoular Company, Naturz Organics, Fenchem, Glanbia Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

What was the size of the global pea protein market in 2022?
What is the expected growth rate of the global pea protein market during 2023-2028?
What are the key factors driving the global pea protein market?
What has been the impact of COVID-19 on the global pea protein market?
What is the breakup of the global pea protein market based on the product type?
What is the breakup of the global pea protein market based on the application?
What is the breakup of the global pea protein market based on the end user?
What are the key regions in the global pea protein market?
Who are the key players/companies in the global pea protein market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PEA PROTEIN MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by End User
5.7 Market Breakup by Region
5.8 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Isolates
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Concentrates
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Textured
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Dietary Supplements
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Bakery Products
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Meat Substitutes
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Beverages
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Retail
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Institutional
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Europe
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Asia Pacific
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Middle East and Africa
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Latin America
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

13.1 Price Indicators
13.2 Price Structure
13.3 Margin Analysis

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Axiom Foods, Inc.
  14.3.2 Cosucra-Groupe Warcoing
  14.3.3 Nutri-Pea Limited
  14.3.4 Roquette Freres
  14.3.5 Shandong Jianyuan Foods Co., Ltd
  14.3.6 Sotexpro SA
  14.3.7 The Scoular Company
  14.3.8 Naturz Organics
  14.3.9 Fenchem
  14.3.10 Glanbia Plc

LIST OF TABLES

Table 1: Global: Pea Protein Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Pea Protein Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Pea Protein Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Pea Protein Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Pea Protein Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Pea Protein Market Structure
Table 7: Global: Pea Protein Market: Key Players


LIST OF FIGURES

Figure 1: Global: Pea Protein Market: Major Drivers and Challenges
Figure 2: Global: Pea Protein Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Pea Protein Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Pea Protein Market: Breakup by Application (in %), 2022
Figure 5: Global: Pea Protein Market: Breakup by End User (in %), 2022
Figure 6: Global: Pea Protein Market: Breakup by Region (in %), 2022
Figure 7: Global: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Pea Protein Industry: SWOT Analysis
Figure 9: Global: Pea Protein Industry: Value Chain Analysis
Figure 10: Global: Pea Protein Industry: Porter’s Five Forces Analysis
Figure 11: Global: Pea Protein (Isolates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Pea Protein (Isolates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Pea Protein (Concentrates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Pea Protein (Concentrates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Pea Protein (Textured) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Pea Protein (Textured) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Pea Protein (Dietary Supplements) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Pea Protein (Dietary Supplements) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Pea Protein (Bakery Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Pea Protein (Bakery Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Pea Protein (Meat Substitutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Pea Protein (Meat Substitutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Pea Protein (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Pea Protein (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Pea Protein (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Pea Protein (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Pea Protein (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Pea Protein (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Pea Protein (Institutional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Pea Protein (Institutional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Pea Protein Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Pea Protein Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia Pacific: Pea Protein Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia Pacific: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Middle East and Africa: Pea Protein Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Middle East and Africa: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Latin America: Pea Protein Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Latin America: Pea Protein Market Forecast: Sales Value (in Million US$), 2023-2028


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