The global pea protein market is on track for remarkable growth, with an anticipated value of USD 2.1 billion in 2024 and a forecasted expansion to USD 3.7 billion by 2029, driven by a strong compound annual growth rate (CAGR) of 12.0%. This upward trend underscores the increasing consumer preference for health-focused, plant-based, and eco-friendly dietary solutions.
Health & Wellness Trends Propel Pea
Protein Market Growth
Rising awareness around health and wellness is a key driver
behind the demand for pea protein. Consumers are gravitating towards products
that support muscle growth, assist with weight management, and provide a sense
of fullness. Pea protein, rich in essential nutrients, easily digestible, and
free from common allergens such as soy and dairy, aligns perfectly with these
preferences. Its clean-label appeal, characterized by minimal processing and
natural origins, enhances consumer trust and loyalty.
This versatility makes pea protein a valuable component in
plant-based foods and beverages, catering especially to vegan and vegetarian
diets. The COVID-19 pandemic further accelerated the adoption of plant-based
lifestyles, with Europe leading the market in 2024 due to its economic
stability and heightened demand for clean-label, plant-based products.
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Environmental Benefits Fuel Popularity
The environmental advantages of pea protein are another
significant factor driving its adoption. As consumers increasingly prioritize
reducing their carbon footprints, plant-based proteins emerge as sustainable
alternatives to animal-based options. With lower resource requirements and
reduced greenhouse gas emissions, pea protein is a compelling choice for
environmentally conscious individuals and aligns seamlessly with global
sustainability goals.
Leading Innovators in the Market
Several prominent pea
protein manufacturers are shaping the future of the industry
through innovation and expansion:
- Roquette
Frères (France): A global leader in plant-based ingredients, Roquette
offers pea protein under its NUTRALYS brand. Renowned for its binding,
thickening, and texturizing properties, NUTRALYS is a preferred ingredient
in food formulations promoting weight management, muscle development, and
blood glucose regulation.
- ADM
(USA): With a century-long legacy, ADM provides a diverse portfolio of
nutritional solutions, including pea protein, reinforcing its strong
international presence.
- Ingredion
(USA): Known for its range of pea protein products—isolates,
concentrates, and flours—Ingredion serves various dietary needs across
global markets.
- Kerry
Group (Ireland): Specializing in taste and nutrition, Kerry delivers
innovative pea protein solutions tailored to meet the
growing demand for plant-based ingredients in the food and beverage
sector.
- Glanbia
PLC (Ireland): Offering high-quality pea protein with exceptional
functional qualities like flavor and solubility, Glanbia supports a wide
spectrum of nutrition-focused manufacturers.
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A Promising Outlook for Pea Protein
The future of the pea protein market looks bright, driven by
consumer demand for healthier and more sustainable food options. Key factors
like wellness trends, environmental consciousness, and the rise of plant-based
diets are solidifying pea protein’s role as a cornerstone ingredient in
modern nutrition. Manufacturers are responding with innovative products and
broader offerings, ensuring the market remains dynamic and responsive to
evolving consumer needs.
As the global shift toward plant-based, sustainable diets
continues, pea protein is set to remain a pivotal force, not just as a trend
but as a transformative element in the food industry.
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