Market Overview:
The Pea Protein Market is valued at USD 951.86 Million in 2021 and is anticipated to reach USD 2352.71 Million over the forecast period 2028, at a CAGR of 13.8%.
The Pea Protein Market is a significant segment within the broader plant-based protein industry. It involves the production and distribution of protein extracted from yellow peas (Pisum sativum). Pea protein is a high-quality protein source that is rich in essential amino acids and is suitable for various applications, including food and beverage products, dietary supplements, animal feed, and more. It is particularly popular among consumers seeking plant-based alternatives to animal-derived proteins. The market for pea protein has experienced substantial growth due to factors such as increasing demand for plant-based diets, dietary restrictions, and a focus on sustainable food sources.
Players Covered in Pea Protein Market are:
Dupont,The Scoular Company,Emsland Group,Puris Foods,Rouquette Freres,Cargill Incorporated,Fenchem Inc.,Burcon Nutrascience,Nutri-Pea Ltd.,Ingredian Inc.,Axiom Foods Inc.,The Green Labs LLC.,Sotexpro SA,Shandong Jianyuan Group,Martin and Pleasance,Cosucra Group and other major players.
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Segmentation Of Pea Protein Market:
By Type
- Isolate
- Concentrate
- And Textured
By Application
- Nutrition and Health Supplements
- Bakery and Confectionery
- Meat Products and Alternatives
- Cereals and Snacks
- Beverages
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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COVID-19 Impact Analysis of Pea Protein Market
COVID-19 pandemic crisis adversely affected the pea protein market due to lockdown in the country to country, restriction for the economic activities, shut down of productions units, interruption in a transportation facility and limitation for workers in factories are responsible to affect market growth. However, growing awareness about plant-based food including protein other than animal-based protein has demand after the pandemic and has expected to continue in the forecast period. COVID-19 is providing unexpected growth to the plant-based protein industry.
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