Enjoy complimentary customisation on priority with our Enterprise License!
The pea protein market size is forecast to increase by USD 272 million at a CAGR of 14.16% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing preference for plant-based diets and the rising popularity of clean-labeled ingredients and plant-based protein products are major factors fueling market expansion. Peas, particularly yellow split peas, are a sustainable crop choice for protein production as they undergo natural nitrogen fixation. This process reduces the reliance on synthetic fertilizers and contributes to environmental sustainability. Pea protein is a versatile ingredient with multifunctional applications in various food industries. It is a popular alternative for vegetarians, lactose intolerant people, and those following flexitarian lifestyles. Pea protein comes in different forms such as isolate, concentrate, and textured protein, catering to diverse industry requirements. Importers and exporters are increasingly focusing on sustainability initiatives to meet the growing demand for natural resources and reduce greenhouse gas emissions. Pea protein production aligns with these objectives as it requires less water and land compared to traditional animal protein sources. The largest share of the market is held by North America, with Europe and Asia Pacific following closely. This trend is expected to continue due to the region's strong focus on health and wellness and the growing awareness of the environmental impact of food production.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.