The global pea protein market size was valued at USD 2.12 billion in 2023 and is expected to grow at a CAGR of 12.1% from 2024 to 2030. With increasing awareness about animal agriculture's environmental impact and health concerns associated with meat consumption, more consumers opt for plant-based alternatives. Pea protein, a high-quality protein source, is gaining popularity among vegetarians, vegans, and health-conscious consumers. It is free from common allergens such as soy and gluten, making it a suitable option for people with dietary limitations.

The global rise in vegan and vegetarian lifestyles is significantly reshaping consumer preferences, leading to a surge in demand for plant-based alternatives. Pea protein is a versatile ingredient increasingly used in meat substitutes, from meat substitutes and dairy alternatives to functional foods.

Pea Protein Market Report Highlights

• Based on products, pea protein isolates dominated the market with a 49.9% share in 2022 owing to their high protein content, excellent amino acid profile, and versatile applications. Pea protein isolates are highly purified and contain a high concentration of protein, making them desirable for various industries such as food and beverage, sports nutrition, and dietary supplements
• Based on form, dry pea protein dominated the market with a revenue share of 67.3% in 2022 due to its versatility in applications, ease of storage and transportation, and the increasing demand for plant-based and vegan products
• Based on source, yellow split peas dominated the market with a revenue share of 76.8% in 2022 due to their wide availability, favorable nutritional & functional properties, mild flavor profile, and growing demand for plant-based protein alternatives
• Based on application, food & beverages dominated the market with a share of 39.6% in 2022, owing to the increasing demand for plant-based and vegan products, functional benefits in various food applications, and consumer preferences for allergen-friendly and sustainable ingredients
• The North America region dominated the market with a revenue share of 33.1% in 2023, due to strong food and beverage industry, and favorable government regulations promoting plant-based diets

Browse through Grand View Research's Category Nutraceuticals & Functional Foods Industry Research Reports.

• The global black tea extracts market size was valued at USD 8.09 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2030. 
• The global fermented ingredients market size was valued at USD 35.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global pea protein market based on product, form, source, application, and region:

Pea Protein Product Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

• Isolates
• Concentrates
• Textured
• Hydrolysates

Pea Protein Form Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

• Dry
• Wet

Pea Protein Source Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

• Yellow Split Peas
• Others

Pea Protein Application Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

• Food & Beverages
  • Meat substitutes
  • Bakery goods
  • Dietary supplements
  • Beverages
  • Others
• Personal Care & Cosmetics
• Animal Feed
• Others

Pea Protein Regional Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

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