Pea Protein Isolate Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Pea Protein Isolate Industry Prospective:

The global pea protein isolate market size was evaluated at $593 million in 2023 and is slated to hit $1,300 million by the end of 2032 with a CAGR of nearly 16.5% between 2024 and 2032.

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Pea Protein Isolate Market: Overview

Pea protein isolate is a plant-based protein extracted from yellow peas and is highly popular among vegans. Moreover, it is available in fine powdered form rich in protein and comprising lesser proportion of fats & carbohydrates.

Reportedly, it comprises of nearly 15 grams to 20 grams of protein per 30 grams. It is a key source of plant-based protein for individuals preferring food supplements.

Key Insights

• As per the analysis shared by our research analyst, the global pea protein isolate market is projected to expand annually at the annual growth rate of around 16.5% over the forecast timespan (2024-2032)
• In terms of revenue, the global pea protein isolate market size was evaluated at nearly $593 million in 2023 and is expected to reach $1,300 million by 2032.
• The global pea protein isolate market is anticipated to grow rapidly over the forecast timeline owing to surging renewable energy trends along with the need for an incessant supply of power.
• In terms of product type, the isolates segment is slated to register the highest CAGR over the forecast period.
• Based on application, the food & beverages segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Region-wise, the Asia-Pacific pea protein isolate industry is projected to register the fastest CAGR during the projected timespan.

Pea Protein Isolate Market: Growth Factors

Huge demand for plant-based foods to take the global market to scaling heights of growth by 2032

Escalating consumption of plant-based proteins along with large-scale intake of vegan & vegetarian food will drive the growth of the global pea protein isolate market.

Moreover, technological innovations in food processing are likely to prop up the expansion of the market globally.

In addition to this, surging health & wellness trends are expected to spearhead the market landscape in the ensuing years. Surging application of pea protein isolate in functional diets is anticipated to spur global market expansion.

Focus on clean label items and awareness about the nutritional benefits offered by pea protein are predicted to drive the expansion of the global market.

Pea Protein Isolate Market: Restraints

Surging product prices and tough competition from substitutes to hamper the global industry surge

A rise in the costs of product manufacturing and allergenicity concerns are likely to hinder the expansion of the global pea protein isolate industry.

Cutthroat competition from various plant-based protein sources such as hemp, soy, and rice will also obstruct the global industry surge.

Pea Protein Isolate Market: Opportunities

Rising product penetration in various food products will create new growth prospects for the global market

Easy access to plant-based meat substitutes and dairy products will open new growth avenues for the global pea protein isolate market.

Growing use of pea protein isolates in sports nutrition items such as energy bars and protein powders will steer the expansion of the global pea protein isolate market.

Pea Protein Isolate Market: Challenges

Changing raw material prices can restraint the global industry expansion over the forecast period

Supply chain fluctuations and volatility in costs of raw components are projected to challenge the growth of the global pea protein isolate industry.

Additionally, changing customer perceptions and regulatory issues can decimate the industry in the years ahead.

Pea Protein Isolate Market: Segmentation

The global pea protein isolate market is divided into product type, application, and region.                                             

In terms of product type, the pea protein isolate market across the globe is segmented into isolates, textured protein products, and concentrates segments.

Apparently, the isolates segment, which amassed nearly 60% of the global market revenue in 2023, is anticipated to record the fastest CAGR in the next few years owing to a rise in product usage in functional foods & clean-label constituents.

The product is pure in nature and hence finds humungous use in food & beverages and sports nutrition.

Based on the application, the global pea protein isolate industry is segmented into food & beverages, animal feed, and sports nutrition segments.

Apparently, the food & beverages segment, which dominated the global industry size in 2023, is expected to account majorly towards the segmental expansion in the upcoming years. This can be a result of huge demand for product in food & beverages with rising consumption of plant-based diet and growing preference for vegan diet.

Apart from this, pea protein offers exceptional functional features, including gelation, emulsification, and water-binding capacity.

Pea Protein Isolate Market: Report Scope

Pea Protein Isolate Market: Regional Insights

North America is likely to maintain leading status in the global market over the analysis period

North America, which accounted for about two-thirds of the global pea protein isolate market size in 2023, is predicted to establish a leading position in the global market in the forthcoming timeline.

Furthermore, the regional market upsurge in the coming decade can be attributed to huge demand for pea proteins with an increase in intake of vegan & vegetarian foods & snacks in countries such as the U.S.

Supportive government laws regarding serving of nutritive food in hotels & cafes in North American countries will proliferate the regional market growth.

The Asia-Pacific pea protein isolate industry is likely to record the fastest compounded growth annually in the forecasting years. The elevation of the industry in APAC can be a result of a surge in the vegetarian population in countries such as India and Nepal.

Moreover, growing health awareness of product intake in Asian countries will multiply the industry size in the region. Intake of functional diets will also boost the industry trends in the region.

Pea Protein Isolate Market: Competitive Space

The global pea protein isolate market profiles key players such as:

• Nutri-Pea
• Shandong Jianyuan Foods Co. Ltd.
• Ingredion Incorporated
• Roquette Frères Le Romarin
• Cargill
• Incorporated
• Scoular
• AGT Food and Ingredients Inc.
• Glanbia Plc
• Archer-Daniels-Midland Company
• Roquette Frères
• E.I. DuPont De Nemours and Company
• Cosucra Groupe Warcoing SA
• Farbest Brands
• The Emsland Group
• Puris Foods
• Nutri-Pea Ltd.

The global pea protein isolate market is segmented as follows:

By Product Type

• Isolates
• Textured Protein Products
• Concentrates

By Application

• Food & Beverages
• Animal Feed
• Sports Nutrition

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa