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Pea Protein Market Demand, Size, Growth and Report | 2025-2034

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Pea Protein Market Outlook

The global pea protein market attained a value of USD 2417.46 million in 2024. Aided by the rising demand for plant-based food ingredients and increasing health awareness among consumers, According to the report by Expert Market Research, the market is expected to grow at a robust CAGR of 20.10% during the forecast period of 2025-2034. By 2034, the market is projected to reach a value of USD 15093.48 million.

Pea protein is a high-quality, plant-derived protein extracted mainly from yellow peas and is widely recognised for its excellent nutritional profile, digestibility, and versatility in food formulations. Rich in essential amino acids and free from major allergens such as gluten and soy, pea protein has become a popular choice among consumers seeking alternative protein sources, especially in vegan and vegetarian diets. Its growing incorporation in nutritional supplements, bakery products, dairy alternatives, and meat substitutes is significantly contributing to the growth of the global pea protein market.

Pea Protein Market Size and Share

The global pea protein market has witnessed remarkable growth over the past few years, largely driven by the increasing consumer preference for sustainable and clean-label food products. As of 2024, the market size reached approximately USD 2417.46 million, representing a significant rise compared to previous years. This growth trajectory is expected to continue throughout the forecast period due to increasing demand in regions such as North America, Europe, and Asia Pacific.

North America currently holds a dominant share in the global pea protein market, driven by strong consumer awareness, a well-established plant-based food industry, and increasing health-consciousness. Europe follows closely, where the growing vegan population and strict food safety regulations are enhancing demand for allergen-free and non-GMO protein sources. The Asia Pacific region is expected to witness the fastest growth, owing to rising disposable incomes, shifting dietary patterns, and growing investments in plant-based food technologies.

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Pea Protein Market Trends

Several key trends are shaping the future of the global pea protein market. The most prominent among them is the escalating popularity of plant-based diets. As more consumers reduce or eliminate animal-based products from their diets, there is an increasing reliance on plant-derived protein alternatives, with pea protein gaining widespread appeal due to its nutritional benefits and functionality.

Another major trend is the innovation in food and beverage formulations using pea protein. Food manufacturers are increasingly incorporating pea protein into products such as dairy alternatives (e.g., plant-based milks, yoghurts, and cheeses), meat analogues, protein bars, and meal replacements. Furthermore, the clean-label movement has prompted companies to use pea protein as a natural, minimally processed ingredient that meets consumer expectations for transparency and healthfulness.

The growing number of product launches featuring pea protein, especially in high-growth categories such as sports nutrition and infant formula, is also contributing to market expansion. Companies are actively investing in research and development to enhance taste, texture, and bioavailability, making pea protein more appealing to mainstream consumers.

Drivers of Growth

One of the primary drivers of the global pea protein market is the rising demand for sustainable and ethical food sources. Compared to animal-based proteins, pea protein has a lower environmental footprint, requiring less water, land, and energy for production. This aligns with the increasing consumer and corporate focus on sustainability and climate change mitigation.

Health and wellness trends are also major growth drivers. Pea protein is cholesterol-free, hypoallergenic, and easily digestible, making it a preferred choice among individuals with dietary restrictions or food allergies. Additionally, it supports muscle growth and repair, making it ideal for use in sports nutrition and fitness supplements.

The global rise in lactose intolerance and soy allergies is further boosting the demand for pea protein. As a non-dairy, non-soy protein source, pea protein serves as a safe and effective alternative for consumers seeking allergen-free nutrition.

Government initiatives and support for plant-based agriculture and food production also play a pivotal role in promoting the adoption of pea protein. Various public and private sector efforts aimed at reducing meat consumption and encouraging sustainable diets are creating a favourable environment for the growth of the pea protein market.

Technology and Advancements

Advancements in food processing technologies are significantly contributing to the growth of the pea protein market. Innovative extraction and purification techniques are being developed to enhance the quality, solubility, and functionality of pea protein isolates and concentrates. This has enabled food manufacturers to create more palatable and appealing plant-based products that meet consumer expectations for taste and texture.

Moreover, technological innovations have improved the scalability and efficiency of pea protein production. These include advancements in wet and dry fractionation methods, enzymatic treatment, and spray-drying, which result in better yield and consistency. Companies are also investing in technologies to improve the amino acid profile and eliminate the inherent bitter taste often associated with pea protein.

The integration of biotechnology and artificial intelligence in food formulation is also enabling the development of next-generation pea protein-based products tailored to specific nutritional needs and preferences. This is likely to fuel further growth and diversification of the market.

Pea Protein Market Segmentation

The market can be divided based on type, form, application and region.

Market Breakup by Type

  • Isolate
  • Concentrate
  • Textured

Market Breakup by Form

  • Dry
  • Wet

Market Breakup by Application

  • Bakery and Confectionery
  • Functional Food and Beverages
  • Meat Additives
  • Sports Nutrition

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Players

Some of the major players explored in the report by Expert Market Research are as follows

  • Yantai Shuangta Food Co., Ltd
  • Shandong Jianyuan Group
  • Roquette Frères S.A.
  • COSUCRA Groupe Warcoing S.A.
  • Burcon NutraScience Corporation
  • Axiom Foods, Inc.
  • Naturz Organics
  • Others

Challenges and Opportunities

Despite its rapid growth, the pea protein market faces certain challenges. One of the primary concerns is the relatively higher cost of pea protein compared to conventional protein sources. This can limit its accessibility and adoption in price-sensitive markets. Moreover, the sensory characteristics of pea protein, such as off-flavours and gritty texture, can pose challenges in product development, although these are being addressed through technological advancements.

Supply chain constraints, including seasonal availability of raw peas and fluctuations in crop yield due to weather variability, also pose potential risks to the market. Additionally, competition from other plant-based proteins, such as soy, rice, and hemp, can impact market share.

However, these challenges also present opportunities for innovation and differentiation. Companies that invest in flavour masking technologies, sustainable sourcing, and consumer education about the benefits of pea protein are well-positioned to capitalise on market growth. Emerging markets in Asia, Latin America, and the Middle East offer significant untapped potential for expansion, driven by growing urbanisation, westernisation of diets, and increasing health consciousness.

Pea Protein Market Forecast

The outlook for the global pea protein market remains highly promising. With a projected CAGR of 20.10% from 2025 to 2034, the market is poised for exponential growth, reaching an estimated value of USD 15093.48 million by 2034. This growth will be fuelled by sustained consumer demand for clean-label, plant-based, and functional food products, along with continuous advancements in processing technologies and expanding applications across food, beverage, and nutraceutical sectors.

As companies focus on improving product quality, expanding distribution networks, and leveraging strategic partnerships, the global pea protein market is expected to maintain strong momentum over the forecast period, offering substantial opportunities for stakeholders across the value chain.

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