Global Pea Protein Market to Reach USD 3,183.7 Million by 2033, Impelled by Shift Toward Veganism

December 02, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled “Pea Protein Market Report by Product Type (Isolates, Concentrates, Textured), Application (Dietary Supplements, Bakery Products, Meat Substitutes, Beverages, and Others), End User (Retail, Institutional), and Region 2025-2033,” the global pea protein market size reached USD 1,237.3 Million in 2024. Pea protein is a high-quality protein primarily obtained from yellow peas. It is a rich source of plant protein and other essential nutrients, such as arginine, iron, magnesium, and branch-chained amino acids. Pea protein is free from common allergens, saturated fats, and cholesterol. As a result, it contributes to muscle growth and weight loss, improves heart health, and reduces the risk of kidney-related disorders. Due to its neutral taste, pea protein is commonly utilized as a food additive, dairy protein alternative, and dietary supplement in the food and beverage (F&B) industry.

Global Pea Protein Market Trends:

The global pea protein market is primarily being driven by the growing adoption of vegetarian and vegan diets across the globe. The dietary shift from animal-based proteins to plant-based alternatives due to growing health-consciousness among consumers is propelling the growth of the market. Moreover, the growing instances of gluten allergies and lactose intolerance is driving the market as pea protein is naturally dairy- and gluten-free. Besides this, the widespread utilization of pea protein in sports nutrition and the rising demand for weight management solutions are among the other growth-inducing factors. Increasing disposable incomes and rising consumer expenditure capacities on health and wellness are among the other factors creating a positive outlook for the market. On account of the aforementioned factors, the market is expected to reach a value of USD 3,183.7 Million by 2033, growing at a CAGR of 12.54% during the forecast period (2025-2033).

Market Summary:

On the basis of the product type, the market has been divided into isolates, concentrates and textured products.
Based on the application, the market has been classified into dietary supplements, bakery products, meat substitutes, beverages and others.
On the basis of the end user, the market has been bifurcated into retail and institutional segments.
On the geographical front, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the market. Some of these players include Axiom Foods, Inc., Cosucra-Groupe Warcoing, Nutri-Pea Limited, Roquette Frères S.A., Shandong Jianyuan Foods Co., Ltd, Sotexpro SA, The Scoular Company, Naturz Organics, Fenchem, and Glanbia Plc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product Type, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Axiom Foods, Inc., Cosucra-Groupe Warcoing, Nutri-Pea Limited, Roquette Frères S.A., Shandong Jianyuan Foods Co., Ltd, Sotexpro SA, The Scoular Company, Naturz Organics, Fenchem and Glanbia Plc
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pea Protein Market to Reach USD 3,183.7 Million by 2033, Impelled by Shift Toward Veganism

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