Pea Protein Market by Type (Isolate, Concentrate, Textured), by Application (Meat Substitutes, Baked Goods, Dietary Supplements, Beverage, Others), by By Type (Isolates, Concentrate, Textured), by Europe (Germany, U.K., Russia, France, Italy, Rest of Europe), by Asia Pacific (China, India, Australia, Japan, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (South Africa, UAE, Rest of ME&A) Forecast 2024-2032
The Pea Protein Market size was valued at USD 464.60 USD Million in 2023 and is projected to reach USD 861.93 USD Million by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Pea protein is a source of protein that might improve the nutrient content of the diet. Pea protein might also help people feel full for longer after eating. Pea is a great source of protein both in terms of quality and quantity. The pea pulse not only delivers high-quality proteins but also gives functional dietary fibres and starch for clean-label and wholesome food products. It contains all of the essential amino acids that the body cannot produce on its own. pea protein is for used high cholesterol, high blood pressure, obesity, increasing muscle strength, diabetes, and other conditions, but there is no good scientific evidence.it is used for its high protein content and good digestibly which makes it interesting for nutrition, particularly for children, the elderly, food, without lactose vegetarianism, and organic food. Pea protein has capabilities and functionalities to serve various foods such as snacks & cereals, nutrition bars, soups, sauces, pasta, biscuits and meat alternatives. It is also proving to be a valued ingredient for gluten-free diets, vegetarian and vegan foods, sports nutrition, slimming and clinical nutrition and senior nutrition.
The rising demand for plant-based protein sources, coupled with consumers' increasing health consciousness, has fueled the popularity of pea protein. Its hypoallergenic properties and sustainability have also contributed to its market growth.
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The market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is currently the dominant region due to the high demand for plant-based proteins. However, Asia-Pacific is expected to grow rapidly in the coming years.
Consumers are becoming increasingly aware of the health benefits and sustainability of pea protein. This has led to a growing demand for plant-based products containing pea protein.
The key drivers of the pea protein market are:
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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