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Pea Protein Ingredients Market Size

The Pea Protein Ingredients Market is experiencing significant growth, driven by its increasing demand in various applications, particularly in the food and beverage sector. The market's expansion is attributed to the ingredient's hypoallergenic properties and its versatility in providing flavor, texture, and balanced nutrition. The Asia-Pacific region leads in market share, with a substantial portion of the demand coming from the food and beverage segment, while Europe follows closely, driven by the rising popularity of vegan diets. The Middle East is emerging as the fastest-growing region, fueled by a growing health consciousness and demand for natural ingredients.

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Market Size of pea protein ingredients Industry

Pea Protein Ingredients Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.21 Billion
svg icon Market Size (2029) USD 1.75 Billion
svg icon Largest Share by End User Food and Beverages
svg icon CAGR (2024 - 2029) 7.61 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players

Pea Protein Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Pea Protein Ingredients Market Analysis

The Pea Protein Ingredients Market size is estimated at 1.21 billion USD in 2024, and is expected to reach 1.75 billion USD by 2029, growing at a CAGR of 7.61% during the forecast period (2024-2029).

1.21 Billion

Market Size in 2024 (USD)

1.75 Billion

Market Size in 2029 (USD)

8.84 %

CAGR (2017-2023)

7.61 %

CAGR (2024-2029)

Largest Market by Form

57.56 %

value share, Isolates, 2023

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Pea protein isolate's exceptional functionality and label-friendly claims projected drive the segment during the forecast period.

Largest Market by End User

88.02 %

value share, Food and Beverages, 2023

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The F&B segment dominates the market due to the high demand for pea protein as a meat alternative, as it provides quick rehydration, neutral taste, and texturizing properties.

Fastest Growing Market by Form

8.08 %

Projected CAGR, Concentrates, 2024-2029

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Its gaining popularity over others due to the higher and broader range of protein content along with lower carbohydrate content of pea concentrate compared to pea protein isolates.

Fastest Growing Market by End User

8.06 %

Projected CAGR, Food and Beverages, 2024-2029

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The projected growth of the F&B sector is attributed to the constant product launches, driving the demand for pea protein in the meat alternative and snacks industries.

Leading Market Player

20.86 %

market share, Ingredion Incorporated, 2021

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To enhance its offering and target broader application sectors, the company is extending its production facility or merging with local firms like Verdient Foods Inc.

With an growing vegan culture demand for pea protein ingredients has been increased across the region

  • Pea protein infused products are largely demanded in the global market, owing to its increased functionalities and applications. In 2022, the food and beverage segment accounted for the highest consumption of 88.48% by volume among all application segments. Pea protein is considered a hypoallergenic ingredient that can be used with a combination of ingredients to provide flavor, texture, and balanced nutrition.
  • The supplements segment is driven primarily by the sports/performance nutrition sub-segment, which is expected to record a CAGR of 6.85% during the forecast period. While dairy and soy dominate the protein beverage market, 30% of protein beverage consumers in the United States support using plant proteins in protein drinks and 10% of UK consumers avoid soy because they or a household member has a food allergy or intolerance. The remaining 10% avoid soy as part of a healthy lifestyle in general. Pea protein will also benefit from the increased use of popular claims like gluten-free and GMO-free. The sports nutrition sub-segment is expected to account for one of the significant applications for pea protein due to its amino acid composition.
  • The animal feed segment accounts for the second-highest application share of pea protein ingredients globally after the food and beverage segment. Pea protein isolates comprised the highest application share in the animal feed segment, with 41.97% by volume in 2022. Its excellent digestibility along with its naturally low antitrypsin activity makes pea protein a protein of choice in the nutrition of young animals particularly piglets. A large number of studies have demonstrated the good palatability and excellent growth performance of a pea protein based diet.  
Global Pea Protein Ingredients Market

Pea protein is gaining popularity as a substitute for egg protein supported with widespread of veganism across the region

  • Asia-Pacific dominates the global pea protein market, driven by the F&B segment, which accounted for 95% of the market share by volume in 2022. In addition, pea protein provides enough viscosity and creaminess, so local manufacturers use pea protein as a substitute for eggs in products like mayonnaise. Pea protein has been touted as a label-friendly, gluten-free, and soy-free alternative. Along with holding the largest share, the Asia-Pacific regional segment is growing significantly and is expected to record a CAGR of 6.53% during the forecast period.
  • Asia-Pacific is followed by Europe, primarily led by the F&B segment, which accounted for about 93% of pea proteins used in the region in 2022. The demand for pea protein as an alternative source of protein has been growing as vegan diets are becoming more popular in the region's developed countries. Germany remained the largest consumer of pea protein in the study period due to rising veganism and consumers' growing reliance on meat alternative products. 
  • The Middle East is projected to be the fastest-growing regional segment, as the demand for natural and sustainable ingredients is rapidly growing due to the rise in health consciousness among consumers. Over the forecast period, the region is set to record a CAGR of 12.21% by volume. Saudi Arabia primarily drives the Middle Eastern pea protein market due to increasing awareness of pea protein use, causing the country's population to adopt it in their diets. However, these proteins have applications in the F&B segment, which was majorly driven by the meat and meat alternative products sub-segment, with a 37% share by volume in 2022.

Pea Protein Ingredients Industry Segmentation

Concentrates, Isolates, Textured/Hydrolyzed are covered as segments by Form. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Pea protein infused products are largely demanded in the global market, owing to its increased functionalities and applications. In 2022, the food and beverage segment accounted for the highest consumption of 88.48% by volume among all application segments. Pea protein is considered a hypoallergenic ingredient that can be used with a combination of ingredients to provide flavor, texture, and balanced nutrition.
  • The supplements segment is driven primarily by the sports/performance nutrition sub-segment, which is expected to record a CAGR of 6.85% during the forecast period. While dairy and soy dominate the protein beverage market, 30% of protein beverage consumers in the United States support using plant proteins in protein drinks and 10% of UK consumers avoid soy because they or a household member has a food allergy or intolerance. The remaining 10% avoid soy as part of a healthy lifestyle in general. Pea protein will also benefit from the increased use of popular claims like gluten-free and GMO-free. The sports nutrition sub-segment is expected to account for one of the significant applications for pea protein due to its amino acid composition.
  • The animal feed segment accounts for the second-highest application share of pea protein ingredients globally after the food and beverage segment. Pea protein isolates comprised the highest application share in the animal feed segment, with 41.97% by volume in 2022. Its excellent digestibility along with its naturally low antitrypsin activity makes pea protein a protein of choice in the nutrition of young animals particularly piglets. A large number of studies have demonstrated the good palatability and excellent growth performance of a pea protein based diet.  
Form
Concentrates
Isolates
Textured/Hydrolyzed
End User
Animal Feed
Food and Beverages
By Sub End User
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Confectionery
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Personal Care and Cosmetics
Supplements
By Sub End User
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
Region
Africa
By Form
By End User
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Form
By End User
By Country
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Form
By End User
By Country
Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Form
By End User
By Country
Iran
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Form
By End User
By Country
Canada
Mexico
United States
Rest of North America
South America
By Form
By End User
By Country
Argentina
Brazil
Rest of South America
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Pea Protein Ingredients Market Size Summary

The pea protein ingredients market is experiencing significant growth, driven by increasing demand for plant-based protein alternatives across various sectors. The food and beverage industry leads in consumption, with pea protein being favored for its hypoallergenic properties and nutritional benefits. This ingredient is particularly popular in the sports nutrition segment due to its amino acid profile, which supports muscle recovery and performance. The market is also seeing a rise in the use of pea protein in animal feed, where its digestibility and low antitrypsin activity make it an ideal choice for young animals. The Asia-Pacific region dominates the global market, with Europe following closely, as both regions see a growing trend towards vegan and plant-based diets. The Middle East is emerging as a fast-growing market, driven by increasing health consciousness and demand for natural ingredients.

The production of dry peas, the primary raw material for pea protein extraction, is concentrated in regions like North America, China, and India, with Canada being a leading producer. The market is moderately consolidated, with major players like Archer Daniels Midland Company, Cargill Incorporated, and Ingredion Incorporated holding significant shares. Recent developments include the launch of new product lines and investments to enhance production capabilities, which are expected to further strengthen the market position of key players. The rising awareness of the health benefits of plant-based proteins, coupled with changing dietary preferences towards flexitarian and vegan diets, is creating opportunities for innovation and expansion in the pea protein segment globally.

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Pea Protein Ingredients Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Form

      1. 1.1.1 Concentrates

      2. 1.1.2 Isolates

      3. 1.1.3 Textured/Hydrolyzed

    2. 1.2 End User

      1. 1.2.1 Animal Feed

      2. 1.2.2 Food and Beverages

        1. 1.2.2.1 By Sub End User

          1. 1.2.2.1.1 Bakery

          2. 1.2.2.1.2 Beverages

          3. 1.2.2.1.3 Breakfast Cereals

          4. 1.2.2.1.4 Condiments/Sauces

          5. 1.2.2.1.5 Confectionery

          6. 1.2.2.1.6 Dairy and Dairy Alternative Products

          7. 1.2.2.1.7 Meat/Poultry/Seafood and Meat Alternative Products

          8. 1.2.2.1.8 RTE/RTC Food Products

          9. 1.2.2.1.9 Snacks

      3. 1.2.3 Personal Care and Cosmetics

      4. 1.2.4 Supplements

        1. 1.2.4.1 By Sub End User

          1. 1.2.4.1.1 Baby Food and Infant Formula

          2. 1.2.4.1.2 Elderly Nutrition and Medical Nutrition

          3. 1.2.4.1.3 Sport/Performance Nutrition

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Form

        2. 1.3.1.2 By End User

        3. 1.3.1.3 By Country

          1. 1.3.1.3.1 Nigeria

          2. 1.3.1.3.2 South Africa

          3. 1.3.1.3.3 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Form

        2. 1.3.2.2 By End User

        3. 1.3.2.3 By Country

          1. 1.3.2.3.1 Australia

          2. 1.3.2.3.2 China

          3. 1.3.2.3.3 India

          4. 1.3.2.3.4 Indonesia

          5. 1.3.2.3.5 Japan

          6. 1.3.2.3.6 Malaysia

          7. 1.3.2.3.7 New Zealand

          8. 1.3.2.3.8 South Korea

          9. 1.3.2.3.9 Thailand

          10. 1.3.2.3.10 Vietnam

          11. 1.3.2.3.11 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Form

        2. 1.3.3.2 By End User

        3. 1.3.3.3 By Country

          1. 1.3.3.3.1 Belgium

          2. 1.3.3.3.2 France

          3. 1.3.3.3.3 Germany

          4. 1.3.3.3.4 Italy

          5. 1.3.3.3.5 Netherlands

          6. 1.3.3.3.6 Russia

          7. 1.3.3.3.7 Spain

          8. 1.3.3.3.8 Turkey

          9. 1.3.3.3.9 United Kingdom

          10. 1.3.3.3.10 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Form

        2. 1.3.4.2 By End User

        3. 1.3.4.3 By Country

          1. 1.3.4.3.1 Iran

          2. 1.3.4.3.2 Saudi Arabia

          3. 1.3.4.3.3 United Arab Emirates

          4. 1.3.4.3.4 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Form

        2. 1.3.5.2 By End User

        3. 1.3.5.3 By Country

          1. 1.3.5.3.1 Canada

          2. 1.3.5.3.2 Mexico

          3. 1.3.5.3.3 United States

          4. 1.3.5.3.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Form

        2. 1.3.6.2 By End User

        3. 1.3.6.3 By Country

          1. 1.3.6.3.1 Argentina

          2. 1.3.6.3.2 Brazil

          3. 1.3.6.3.3 Rest of South America

Pea Protein Ingredients Market Size FAQs

The Global Pea Protein Ingredients Market size is expected to reach USD 1.21 billion in 2024 and grow at a CAGR of 7.61% to reach USD 1.75 billion by 2029.

In 2024, the Global Pea Protein Ingredients Market size is expected to reach USD 1.21 billion.

Pea Protein Ingredients Market Report Snapshots

Pea Protein Ingredients Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029