The global pea protein market is poised for substantial growth, with an estimated value of USD 2.1 billion in 2024, projected to reach USD 3.7 billion by 2029, reflecting a robust compound annual growth rate (CAGR) of 12.0%. This surge in demand highlights the growing consumer shift towards health-conscious, plant-based, and environmentally sustainable food options.

Health & Wellness Trends Drive Pea Protein Market Growth

Consumers are increasingly prioritizing health and wellness, seeking products that offer muscle-building benefits, weight management support, and enhanced satiety. Pea protein fits perfectly within this movement, as it is packed with essential nutrients, easily digestible, and free from common allergens like soy and dairy. Its clean-label appeal—minimal processing and natural origins—resonates strongly with today’s discerning shoppers, fostering trust and loyalty in the marketplace.

Pea protein’s versatility makes it a perfect ingredient for plant-based food and beverage products, meeting the needs of those following vegan and vegetarian diets. In fact, the rise of plant-based food consumption was notably accelerated by the COVID-19 pandemic, which encouraged people to adopt healthier lifestyles. This trend is particularly strong in Europe, which accounts for the largest market share in 2024, where economic stability and increasing demand for plant-based, clean-label products have converged.

Get PDF Copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36916504

Environmental Sustainability: A Key Driver

Another major driver of pea protein’s popularity is its environmental benefits. With growing awareness of the need to reduce carbon footprints, consumers are turning to plant-based proteins as more sustainable alternatives to animal-based options. Pea protein’s lower resource requirements and reduced greenhouse gas emissions make it a smart choice for eco-conscious individuals, aligning with global sustainability goals.

Market Leaders Driving Innovation

Several major pea protein manufacturers are leading the charge in the industry, developing innovative products and expanding market reach:

• Roquette Frères (France) is a global leader in plant-based ingredients, offering pea protein under its NUTRALYS brand. Known for its functional properties, such as binding, thickening, and texturizing, NUTRALYS is increasingly popular in various food formulations, promoting weight management, muscle development, and blood glucose control.
• ADM (USA) is a key player with a vast portfolio that spans multiple nutrition sectors. With over 100 years of experience, ADM’s pea protein offerings fall under its human nutrition category, contributing to its strong global presence.
• Ingredion (USA) specializes in providing plant-based ingredients, including a comprehensive range of pea proteins such as isolates, concentrates, and flours. The company operates worldwide, offering solutions that cater to multiple dietary preferences and industries.
• Kerry Group (Ireland) delivers innovative taste and nutrition solutions with its pea protein products, meeting the growing demand for plant-based ingredients across various food and beverage categories.
• Glanbia PLC (Ireland) offers high-quality plant-based proteins, including pea protein, which are prized for their functional qualities such as flavor and solubility. Their solutions cater to a wide range of manufacturers in the nutrition space.

A Bright Future for Pea Protein

The pea protein industry's impressive growth trajectory is fueled by shifting consumer preferences towards healthier, more sustainable food options. With strong market drivers like health trends, environmental consciousness, and growing demand for plant-based foods, pea protein is positioning itself as a key ingredient for the future of nutrition. Manufacturers are responding to this demand with innovation and expanded product offerings, ensuring that pea protein continues to play a central role in the evolving food landscape.

As the market continues to grow, it’s clear that pea protein is not just a passing trend, but a significant force in the global shift towards healthier, more sustainable food choices.