[Research Report] The pea protein market was valued at US$ 363.1 million in 2018 and is projected to reach US$ 1,112.2 million by 2027; it is expected to grow at a CAGR of 13.9% during 2019-2027.
Market Insights and Analyst View:
The pea protein is available in three different types, including pea protein isolates, pea protein concentrates, and textured pea protein. The genotype of the pea plants affects the properties of the protein. Pea protein is a food additive with a neutral taste and is utilized in dairy alternatives such as cheeses and yogurt. The pea protein is mainly extracted from the yellow pea. Consumers are focusing a lot of attention on the protein content of the packed food products; pea protein offers a healthy alternative. Traditional methods to boost protein might have elaborate larger meat portions; however, evidence is resilient that excess red and treated meats increase risk of cancer and other long-lasting diseases. Increasing interest in plant-based and vegetarian diets is anticipated to promote the pea protein market to a greater extent. Proteins are generally made of amino acids and there are nearly nine amino acids that are essential in our diets. Hence, different types of pea protein such as pea protein isolates, pea protein concentrates, and textured pea protein are expected to boost the market growth over the forecast period and are anticipated to create lucrative opportunities for the manufacturers in the future.
Growth Drivers and Challenges:
Burgeoning vegan population base and growing popularity of plant-based protein has been driving the global pea protein market growth. The trend of veganism has seen a substantial rise in the recent years owing to a number of factors including general anxiety about the ill-effects of the meat industry on the environment, unethical treatment of farm animals, and the deleterious effects of meat products on the human health. The rising acceptance of veganism, surging interest in veganism, and innovations in vegan foods has fuelled the demand for plant based products including pea proteins. In a bid to meet the daily protein requirements from plant-based sources, a significant vegan and vegetarian population base has turned towards pea protein supplements owing to their various health benefits over other plant based proteins. Some plant-based protein sources such as grains, nuts, and seeds are incomplete sources of protein which do not contain all nine essential amino acids. However, pea protein is one of the few plant-based protein sources which is a complete protein replete with all the essential amino acids. The growing health consciousness has resulted in a significant population base adopt healthy eating habits by choosing vegetarianism and veganism as a way of life. Besides, the vegan and vegetarian population, a significant proportion of meat eaters also have started to include vegan and vegetarian meals in their diet regiment to gain the benefits of plant based diets. The growing inclination towards plant-based meals has necessitated the consumption of plant-based pea proteins in the form of pea protein supplements and powders.
Pea protein is generally well tolerated and has very few side effects while being considerably safe for consumption. Furthermore, pea protein is gluten-free, lactose-free, and hypoallergenic making it even more popular among consumers afflicted with allergies and food intolerance. A number of premium pea protein isolate products are marketed as having the potential to lower cholesterol levels, triglyceride levels, and hemoglobin A1c levels as well avert the risks of cardiovascular diseases. Moreover, the health benefits of pea proteins in muscle building and repair and supporting the health of bones, tissues, and muscles has aroused the curiosity of a wider consumer base and contributed towards the popularity of pea proteins. Rising popularity and awareness about pea protein across the globe has considerably augmented the growth of the pea protein market. Though the trend of veganism is catching up rapidly, a significant proportion of consumers still rely on animal based proteins to meet their daily protein requirements. This has led to lower demands for pea proteins in comparison to proteins derived from other sources. A number of plant-based and animal-based protein manufacturers have flooded the market with inexpensive protein powder and supplements. The deluge of other protein products coupled with lack of awareness about the health benefits of pea proteins has hindered the penetration of pea proteins across the global markets. Furthermore, the high cost entailed in extracting and processing pea proteins coupled with low processing output has restricted pea protein manufacturers from producing pea protein powders at reasonable prices and gaining a traction and drives overall pea protein market growth.
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Pea Protein Market: Strategic Insights
Market Size Value in US$ 363.1 Million in 2018 Market Size Value by US$ 1,112.2 Million by 2027 Growth rate CAGR of 13.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Pea Protein Market: Strategic Insights
| Market Size Value in | US$ 363.1 Million in 2018 |
| Market Size Value by | US$ 1,112.2 Million by 2027 |
| Growth rate | CAGR of 13.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Report Segmentation and Scope:
The “Global Pea Protein Market” is segmented based on type, form, application, and geography. Based on type, the pea protein market is segmented into pea protein isolates, pea protein concentrates, and textured pea protein. Based on form, the pea protein market is categorized into dry, and liquid. On the basis of application, the pea protein market is categorized into dietary supplements, bakery and confectionery goods, meat alternatives, beverages, others. The pea protein market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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Segmental Analysis:
Based on type, the pea protein market is segmented into pea protein isolates, pea protein concentrates, and textured pea protein. The pea protein isolates segment held the significant share in the pea protein market growth and is expected to register the significant growth over the forecast period. Pea Protein Isolate is rich in Arginine, Glutamine, Leucine and all remaining branch chain and essential amino acids. This protein provides a digestibility of roughly 90% in humans. Moreover, being a non-GMO pea protein powder, the Pea Protein Isolate is also soy-free, gluten-free, and hypoallergenic. Further, Pea protein isolates have superior functionality, and label-friendly claims are projected to propel the segment growth during the forecast period. Concentrates are a significantly growing form in the pea protein market. They are gaining popularity due to pea concentrate's higher and broad range of protein and lower carbohydrate content.
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Regional Analysis:
Based on geography, the pea protein market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global pea protein market was dominated by North America was estimated to be around US$ 150 million in 2018. Europe is a second major contributor holding more than 20% share in the global pea protein market. Asia Pacific is expected to register the considerable growth at a CAGR of over 10% over the forecast period. The US, Canada, and Mexico are the major countries in North America. North America comprises some developed and developing countries such as the US, Canada, and Mexico. North America will account for a remarkable share in the pea protein market. The growing interest of consumers in non-meat alternatives as a result of increasing concerns towards a healthy lifestyle has enabled the manufacturers in North America to incorporate high-quality plant-based ingredients. An increase in matters regarding the environment and an upsurge in awareness towards animal welfare has shifted the focus towards alternative proteins derived from plant-based proteins. As a result, in North America is expected to considerably contribute to the region's increased demand for pea proteins, further drive the pea protein market.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the pea protein market are listed below:
- In May 2018, Roquette Frères announced the startup of a new production unit dedicated to specialty pea protein at its site in Vic-sur-Aisne (Hauts-de-France, France). The launch of the new unit will strengthen the Group’s offering of NUTRALYS plant-based proteins with the addition of new ingredients specially designed for food products and beverages enriched with protein.
- In August 2019, PURIS has received an additional $75 million investment from Cargill. This investment will ensure PURIS can expand their network of non-GMO and organic producers to keep up with the ever-increasing demand for pea protein isolate, pea starches, and pea fibers all grown and manufactured in the USA.
- In October 2019, Cosucra Groupe Warcoing SA announced it will open a second pea processing plant in Denmark. The Danish pea processing project is part of Cosucra’s €60 Mn (US$ 66 Mn) multi-year development programme and will begin commissioning in the first half of 2020.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Non-essential purchases were significantly reduced by consumers due to lower incomes and uncertain earning prospects, especially in developing regions. Many manufacturers of pea protein faced decline in profits due to reduced consumer demand during the initial phase of pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations including lockdowns and travel bans. People started travelling to different places which increased the demand for the beverages, healthy drinks, boosting the pea protein demand. All these factors had a positive impact in the pea protein market growth across different regions.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global pea protein market include A&B Ingredients And Axiom Foods, Inc., Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Gemef Industries, Glanbia Nutritionals, Puris, Roquette Frères, The Green Labs LLC, Yantai Shuangta Food Co., Ltd. among others. These pea protein manufacturers offer cutting-edge pea protein with innovative features to deliver superior experience to the consumers.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Form ; Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
In 2018, the pea protein market was predominant in North America at the global level. The growing interest of consumers in non-meat alternatives as a result of increasing concerns towards a healthy lifestyle has enabled the manufacturers in North America to incorporate high-quality plant-based ingredients. An increase in matters regarding the environment and an upsurge in awareness towards animal welfare has shifted the focus towards alternative proteins derived from plant-based proteins. The multifunctional aspects of texturizing pea protein have augmented their demand in the meat processing industries. Easy availability of peas in North America, along with its economic nature and high protein content, has favored the demand for pea protein in North America.
The growth of the pea protein isolates segment is primarily attributed to the increasing as pea protein isolate is rich in Arginine, Glutamine, Leucine and all remaining branch chain and essential amino acids. This protein provides a digestibility of roughly 90% in humans. Moreover, being a non-GMO protein powder, the Pea Protein Isolate is also soy-free, gluten-free, and hypoallergenic. The Pea Protein Isolate retains the natural, earthy taste of the pea, itself, which is finest complemented by Vanilla or Chocolate flavor types, or when used in either smoothies or baking. Pea Protein Isolate can be used to help enrich many dishes, including bread, pancakes, or muffins. It is also great simply by itself, particularly when mixed with one of the natural flavor systems.
The major players operating in the global pea protein market are A&B Ingredients And Axiom Foods, Inc., Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Gemef Industries, Glanbia Nutritionals, Puris, Roquette Frères, The Green Labs Llc and Yantai Shuangta Food Co., Ltd. among many others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Pea Protein Market, by Type
1.3.2 Pea Protein Market, by Form
1.3.3 Pea Protein Market, by Application
1.3.4 Pea Protein Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Pea Protein Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SAM PEST Analysis
4.3 Expert Opinions
5. Pea Protein Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning vegan population base and growing popularity of plant-based proteins
5.1.2 Soaring demand for pea proteins in the food and beverage industry
5.2 Market Restraints
5.2.1 Increasing market penetration of other proteins
5.3 Market Opportunities
5.3.1 Growing demand for pea protein-based sports nutrition and other wellness products
5.4 Future Trends
5.4.1 Growing sales of pea protein as a protein source in pet foods and animal feeds.
5.5 Impact Analysis of Drivers and Restraints
6. Pea Protein – Global Market Analysis
6.1 Global Pea Protein Market Overview
6.2 Global Pea Protein Market Forecast and Analysis
6.3 Competitive Positioning – Key Market Players
7. Pea Protein Market Analysis – By Type
7.1 Overview
7.2 Pea Protein Market, By Type (2018 and 2027)
7.3 Pea Protein Isolates
7.3.1 Overview
7.3.2 Pea Protein Isolates: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Pea Protein Concentrates
7.4.1 Overview
7.4.2 Pea Protein Concentrates: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Textured Pea Protein
7.5.1 Overview
7.5.2 Textured Pea Protein: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
8. Pea Protein Market Analysis – By Form
8.1 Overview
8.2 Pea Protein Market, By Form (2018 and 2027)
8.3 Dry
8.3.1 Overview
8.3.2 Dry: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Liquid
8.4.1 Overview
8.4.2 Liquid: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9. Pea Protein Market Analysis – By Application
9.1 Overview
9.2 Pea Protein Market, By Application (2018 and 2027)
9.3 Dietary Supplements
9.3.1 Overview
9.3.2 Dietary Supplements: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Bakery and Confectionery Goods
9.4.1 Overview
9.4.2 Bakery and Confectionery Goods: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9.5 Meat Alternatives
9.5.1 Overview
9.5.2 Meat Alternatives: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9.6 Beverages
9.6.1 Overview
9.6.2 Beverages: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
10. Pea Protein Market – Geographic Analysis
10.1 Overview
10.2 North America: Pea Protein Market
10.2.1 North America :Pea Protein Market –Revenue and Forecast to 2027(US$ Mn)
10.2.2 North America :Pea Protein Market, by Type
10.2.3 North America: Pea Protein Market, by Form
10.2.4 North America: Pea Protein Market, by Application
10.2.5 North America: Pea Protein Market, by Key Country
10.2.5.1 US: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.1.1 US: Pea Protein Market, by Type
10.2.5.1.2 US: Pea Protein Market, by Form
10.2.5.1.3 US: Pea Protein Market, by Application
10.2.5.2 Canada: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.2.1 Canada: Pea Protein Market, by Type
10.2.5.2.2 Canada: Pea Protein Market, by Form
10.2.5.2.3 Canada: Pea Protein Market, by Application
10.2.5.3 Mexico: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.3.1 Mexico: Pea Protein Market, by Type
10.2.5.3.2 Mexico: Pea Protein Market, by Form
10.2.5.3.3 Mexico: Pea Protein Market, by Application
10.3 Europe: Pea Protein Market
10.3.1 Europe: Pea Protein Market –Revenue and Forecast to 2027(US$ Mn)
10.3.2 Europe: Pea Protein Market, by Type
10.3.3 Europe: Pea Protein Market, by Form
10.3.4 Europe: Pea Protein Market, by Application
10.3.5 Europe: Pea Protein Market, by Key Country
10.3.5.1 Germany: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 Germany: Pea Protein Market, by Type
10.3.5.1.2 Germany: Pea Protein Market, by Form
10.3.5.1.3 Germany: Pea Protein Market, by Application
10.3.5.2 France: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 France: Pea Protein Market, by Type
10.3.5.2.2 France: Pea Protein Market, by Form
10.3.5.2.3 France: Pea Protein Market, by Application
10.3.5.3 UK: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 UK: Pea Protein Market, by Type
10.3.5.3.2 UK: Pea Protein Market, by Form
10.3.5.3.3 UK: Pea Protein Market, by Application
10.3.5.4 Italy: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 Italy: Pea Protein Market, by Type
10.3.5.4.2 Italy: Pea Protein Market, by Form
10.3.5.4.3 Italy: Pea Protein Market, by Application
10.3.5.5 Russia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 Russia: Pea Protein Market, by Type
10.3.5.5.2 Russia: Pea Protein Market, by Form
10.3.5.5.3 Russia: Pea Protein Market, by Application
10.3.5.6 Rest of Europe: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe: Pea Protein Market, by Type
10.3.5.6.2 Rest of Europe: Pea Protein Market, by Form
10.3.5.6.3 Rest of Europe: Pea Protein Market, by Application
10.4 Asia-Pacific: Pea Protein Market
10.4.1 Asia-Pacific: Pea Protein Market – Revenue and Forecast to 2027(US$ Mn)
10.4.2 Asia-Pacific: Pea Protein Market, by Type
10.4.3 Asia-Pacific: Pea Protein Market, by Form
10.4.4 Asia-Pacific: Pea Protein Market, by Application
10.4.5 Asia-Pacific: Pea Protein Market, by Key Country
10.4.5.1 Australia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.1.1 Australia: Pea Protein Market, by Type
10.4.5.1.2 Australia: Pea Protein Market, by Form
10.4.5.1.3 Australia: Pea Protein Market, by Application
10.4.5.2 China: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.2.1 China: Pea Protein Market, by Type
10.4.5.2.2 China: Pea Protein Market, by Form
10.4.5.2.3 China: Pea Protein Market, by Application
10.4.5.3 India: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.3.1 India: Pea Protein Market, by Type
10.4.5.3.2 India: Pea Protein Market, by Form
10.4.5.3.3 India: Pea Protein Market, by Application
10.4.5.4 Japan: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.4.1 Japan: Pea Protein Market, by Type
10.4.5.4.2 Japan: Pea Protein Market, by Form
10.4.5.4.3 Japan: Pea Protein Market, by Application
10.4.5.5 South Korea: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.5.1 South Korea: Pea Protein Market, by Type
10.4.5.5.2 South Korea: Pea Protein Market, by Form
10.4.5.5.3 South Korea: Pea Protein Market, by Application
10.4.5.6 Rest of Asia-Pacific: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.6.1 Rest of Asia-Pacific: Pea Protein Market, by Type
10.4.5.6.2 Rest of Asia-Pacific: Pea Protein Market, by Form
10.4.5.6.3 Rest of Asia-Pacific: Pea Protein Market, by Application
10.5 MEA: Pea Protein Market
10.5.1 MEA: Pea Protein Market –Revenue and Forecast to 2027(US$ Mn)
10.5.2 MEA: Pea Protein Market, by Type
10.5.3 MEA: Pea Protein Market, by Form
10.5.4 MEA: Pea Protein Market, by Application
10.5.5 MEA: Pea Protein Market, by Key Country
10.5.5.1 South Africa: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.1.1 South Africa: Pea Protein Market, by Type
10.5.5.1.2 South Africa: Pea Protein Market, by Form
10.5.5.1.3 South Africa: Pea Protein Market, by Application
10.5.5.2 Saudi Arabia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia: Pea Protein Market, by Type
10.5.5.2.2 Saudi Arabia: Pea Protein Market, by Form
10.5.5.2.3 Saudi Arabia: Pea Protein Market, by Application
10.5.5.3 UAE: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.3.1 UAE: Pea Protein Market, by Type
10.5.5.3.2 UAE: Pea Protein Market, by Form
10.5.5.3.3 UAE: Pea Protein Market, by Application
10.5.5.4 Rest of MEA: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.4.1 Rest of MEA: Pea Protein Market, by Type
10.5.5.4.2 Rest of MEA: Pea Protein Market, by Form
10.5.5.4.3 Rest of MEA: Pea Protein Market, by Application
10.6 South America: Pea Protein Market
10.6.1 South America: Pea Protein Market –Revenue and Forecast to 2027(US$ Mn)
10.6.2 South America: Pea Protein Market, by Type
10.6.3 South America: Pea Protein Market, by Form
10.6.4 South America: Pea Protein Market, by Application
10.6.5 South America: Pea Protein Market, by Key Country
10.6.5.1 Brazil: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.1.1 Brazil: Pea Protein Market, by Type
10.6.5.1.2 Brazil: Pea Protein Market, by Form
10.6.5.1.3 Brazil: Pea Protein Market, by Application
10.6.5.2 Argentina: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.2.1 Argentina: Pea Protein Market, by Type
10.6.5.2.2 Argentina: Pea Protein Market, by Form
10.6.5.2.3 Argentina: Pea Protein Market, by Application
10.6.5.3 Rest of South America: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.3.1 Rest of South America: Pea Protein Market, by Type
10.6.5.3.2 Rest of South America: Pea Protein Market, by Form
10.6.5.3.3 Rest of South America: Pea Protein Market, by Application
11. Impact of COVID-19 Pandemic on Global Pea Protein Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic
11.6 South America: Impact assessment of COVID-19 Pandemic
12. Pea Protein Market –Industry Landscape
12.1 Overview
12.2 Recent Growth Strategies in the Pea Protein Market
13. Pea Protein Market –Company Profiles
13.1 A&B Ingredients
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Axiom Foods, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Burcon NutraScience Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Cosucra Groupe Warcoing SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GEMEF Industries
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Glanbia Nutritionals
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 PURIS
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Roquette Freres
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Green Labs LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Yantai Shuangta Food Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Pea Protein Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. North America Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 3. North America Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 4. North America Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 5. US Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 6. US Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 7. US Pea Protein Market, by Application– Revenue and Forecast to 2027 (US$ Mn)
Table 8. Canada Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 9. Canada Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Canada Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Mexico Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 12. Mexico Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 13. Mexico Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Europe Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 15. Europe Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 16. Europe Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 17. Germany Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 18. Germany Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 19. Germany pea protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 20. France Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 21. France Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 22. France Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 23. UK Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 24. UK Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 25. UK Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 26. Italy Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 27. Italy Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 28. Italy Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 29. Russia: Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 30. Russia: Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 31. Russia: Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 32. Rest of Europe Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 33. Rest of Europe Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 34. Rest of Europe Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 35. Asia-Pacific Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 36. Asia-Pacific Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 37. Asia-Pacific Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 38. Australia: Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 39. Australia: Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 40. Australia: Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 41. China Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 42. China Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 43. China Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 44. India Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 45. India Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 46. India Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 47. Japan Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 48. Japan Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 49. Japan Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 50. South Korea: Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 51. South Korea: Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 52. South Korea: Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 53. Rest of Asia-Pacific Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 54. Rest of Asia-Pacific Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 55. Rest of Asia-Pacific Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 56. MEA Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 57. MEA Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 58. MEA Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 59. South Africa Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 60. South Africa Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 61. South Africa Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 62. Saudi Arabia Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 63. Saudi Arabia Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 64. Saudi Arabia Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 65. UAE Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 66. UAE Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 67. UAE Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 68. Rest of MEA Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 69. Rest of MEA Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 70. Rest of MEA Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 71. South America Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 72. South America Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 73. South America Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 74. Brazil Pea Protein Market, by Type – Revenue and Forecast to 2027 (US$ Mn)
Table 75. Brazil Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 76. Brazil Pea Protein Market, by Application– Revenue and Forecast to 2027 (US$ Mn)
Table 77. Argentina Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 78. Argentina Pea Protein Market, by Form – Revenue and Forecast to 2027 (US$ Mn)
Table 79. Argentina Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 80. Rest of South America Pea Protein Market, by Type– Revenue and Forecast to 2027 (US$ Mn)
Table 81. Rest of South America Pea Protein Market, by Form– Revenue and Forecast to 2027 (US$ Mn)
Table 82. Rest of South America Pea Protein Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 83. Glossary of Terms, Global Pea Protein Market
LIST OF FIGURES
Figure 1. Pea Protein Market Segmentation
Figure 2. Geographic Segmentation of Pea Protein Market
Figure 3. Pea Protein Market Overview
Figure 4. Textured Pea Protein Segment is Expected to Grow At a Highest CAGR
Figure 5. Pea Protein Market, by Geography, Value and CAGR
Figure 6. Pea Protein Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. Asia-Pacific PEST Analysis
Figure 10. MEA PEST Analysis
Figure 11. SAM PEST Analysis
Figure 12. Expert Opinion
Figure 13. Pea Protein Market Impact Analysis of DriversAnd Restraints
Figure 14. Geographic Overview of Pea Protein Market
Figure 15. Pea Protein Market Forecast and Analysis, (US$ Mn)
Figure 16. Pea Protein Market Revenue Share, by Type (2018 and 2027)
Figure 17. Pea Protein Isolates: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Pea Protein Concentrates: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Textured Pea Protein: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Pea Protein Market Revenue Share, by Form (2018 and 2027)
Figure 21. Dry: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Liquid: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 24. Dietary Supplements: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Bakery and Confectionery Goods: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Meat Alternatives: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Beverages: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Others: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Global Pea Protein Market Revenue Share, by Region (2018 and 2027)
Figure 30. North America: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 31. North America: Pea Protein Market Revenue Share, by Type(2018 and 2027)
Figure 32. North America: Pea Protein Market Revenue Share, by Form(2018 and 2027)
Figure 33. North America: Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 34. North America: Pea Protein Market Revenue Share, by Key Country (2018 and 2027)
Figure 35. US: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Canada: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Mexico: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Europe: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 39. Europe: Pea Protein Market Revenue Share, by Type (2018 and 2027)
Figure 40. Europe: Pea Protein Market Revenue Share, by Form (2018 and 2027)
Figure 41. Europe: Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 42. Europe: Pea Protein Market Revenue Share, by Key Country (2018 and 2027)
Figure 43. Germany: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 44. France: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 45. UK: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 46. Italy: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 47. Russia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 48. Rest of Europe: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 49. Asia-Pacific: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 50. Asia-Pacific: Pea Protein Market Revenue Share, by Type (2018 and 2027)
Figure 51. Asia-Pacific: Pea Protein Market Revenue Share, by Form (2018 and 2027)
Figure 52. Asia-Pacific: Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 53. Asia-Pacific: Pea Protein Market Revenue Share, by Key Country (2018 and 2027)
Figure 54. Australia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 55. China: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 56. India: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 57. Japan: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 58. South Korea: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 59. Rest of Asia-Pacific: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 60. MEA: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 61. MEA: Pea Protein Market Revenue Share, by Type (2018 and 2027)
Figure 62. MEA: Pea Protein Market Revenue Share, by Form(2018 and 2027)
Figure 63. MEA: Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 64. MEA: Pea Protein Market Revenue Share, by Key Country (2018 and 2027)
Figure 65. South Africa: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 66. Saudi Arabia: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 67. UAE: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 68. Rest of MEA: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 69. South America: Pea Protein Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 70. South America: Pea Protein Market Revenue Share, by Type (2018 and 2027)
Figure 71. South America: Pea Protein Market Revenue Share, by Form (2018 and 2027)
Figure 72. South America: Pea Protein Market Revenue Share, by Application (2018 and 2027)
Figure 73. South America: Pea Protein Market Revenue Share, by Key Country (2018 and 2027)
Figure 74. Brazil: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 75. Argentina: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 76. Rest of South America: Pea Protein Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 77. Impact of COVID-19 Pandemic in North American Country Markets
Figure 78. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 80. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 81. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Pea Protein Market
- A &B Ingredients
- Axiom Foods, Inc.
- Burcon NutraScience Corporation
- Cosucra Groupe Warcoing SA
- GEMEF Industries
- Glanbia Plc.
- PURIS
- Roquette Frères
- The Green Labs LLC
- Yantai Shuangta Food co. , LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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