Increasing demand for gluten-free goods, as well as the growing popularity of plant-based protein, are driving pea protein market expansion. Increasing demand for pea protein from nutritional supplements, functional foods, and beverages is also likely to boost pea protein market growth. The market is expected to rise as vegan customers become more aware of the need of protein consumption. During pandemic and post pandemic conditions period, demand for dietary components such as pea protein is predicted to increase. The availability of low-cost alternatives such as milk protein, egg protein, wheat protein, and soy protein, which are widely utilised in nutritional supplements, is projected to stymie pea protein market expansion. Pea Protein is generally thought to have little negative effects. Pea protein, particularly in powder form, may have a significant level of salt, which may cause health problems for people on a sodium-restricted diet. Eating this type of protein may result in weight gain, impaired renal function, and joint discomfort. Throughout the foreseeable period, such issues are likely to impede market growth.
According to Coherent Market Insights, Global Pea Protein Market was valued at US$ 234.88 Million in 2021 in terms of revenue, exhibiting a CAGR of 10.4% during the forecast period (2022 to 2030).
Key Companies in the Pea protein Industry:
1. Burcon Nutrascience
Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company's products include Peazazz, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products The company was incorporated in 1998 and is headquartered in Vancouver, Canada.
2. Cosucra Groupe Warcoing
The company is Producer of food ingredients intended to improve the health and well-being of each and every one. The company's natural food ingredients are sourced from locally grown chicory and peas enabling food manufacturers to benefit from organic products. The company was founded in 1851, headquartered in Begium. In 15 Jul 2021 Cosucra received €10 million in a bond issue to strengthen its chicory and pea protein production capacity.
3. Nutri Pea Limited
NutriPea is dedicated to producing clean, sustainable, and locally sourced functional food ingredients.They offer products like Propulse Pea Protein, Centara Pea Hull Fiber, Accu-Gel
Pea Starch, Uptake 80 Pea Cell Wall Fiber, and more. The company was founded in 1978, headquartered in Manitoba, U.S.
4. Sotexpro
Sotexpro transforms fava beans, yellow peas, and soybeans into nutritional and functional ingredients for human and animal nutrition. Their products include cellula, lactex, aquatex, primatex, fabatex, fabaqua, and more. The company was founded in 1995, headquatered in France.
5. Roquette Freres
Roquette offers them the creation of their tailor-made website which is added a natural referencing strategy. It is an eco-responsible web agency. The company is headquartered in France. In October 2022, Roquette launched a new line of organic pea ingredients, including organic pea starch and organic pea protein. The ingredients are produced at the company’s plant in Portage la Prairie, Man., and feature peas sourced in a network of organic growers from Canada. Founded in 1933.
6. Glanbia Plc.
Glanbia plc operates as a nutrition company worldwide. It operates a portfolio of brands, including Optimum Nutrition, BSN, Isopure, Nutramino, SlimFast, think!, Amazing Grass, Body & Fit, and LevlUp brands. Glanbia plc was founded in 1964 and is headquartered in Kilkenny, Ireland.
7. Fenchem Biotek Ltd.
FENCHEM BIOTEK is a Chinese company stablished in Nanjing in 1995 with the mission of developing and providing innovative ingredients for global industry.
8. Prinova Group LLC
Prinova Group provides functional ingredients and integrated nutritional solutions to food, beverage, and wellness brands. It began operation in 1978, with its headquarters in Hanover Park in Illinois. In Aug 6, 2019 Nagase & Co acquired Prinova Group.
*Definition-Pea protein is a kind of plant protein produced from yellow and green peas. They are often found in protein supplements and a variety of dietary applications. Pea protein is high in essential amino acids, which are necessary for the body's proper functioning.
