PEA PROTEIN MARKET ANALYSIS

Pea Protein Market, By Type (Isolates, Concentrates, and Textured), By Application (Bakery and Snacks, Dietary Supplementation, Beverages, and Meat Analogs/Substitutes), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023
Code : CMI3985
Pages :90
Formats :
Excel and PDF
Industry : Food Ingredients

Pea Protein MarketSize and Trends

Figure 2. Pea Protein Market Share (%) in terms of Value, By Product Type, in 2022

Global Pea Protein Market Share: By Application

On the basis of application in 2022, the Dietary Supplementation segment accounted for the largest market share of 42% in terms of value.

Figure 1. Pea Protein Market Share (%) in terms of Value, By Region, in 2022

North America dominated the global pea protein market in 2022, accounting for 37% share in terms of value, followed by Europe and Asia Pacific, respectively.

Market Trends

Increasing launch of meat substitutes with high protein content is expected to be a major trend

The plant-based protein segment held the largest revenue share of 34.8% in 2021 and is expected to maintain dominance over the forecast period. For instance, in October 2019, Nestlé the world\'s largest food and Beverage Company launched Nestlé\'s Awesome Burger, a plant-based patty that looks and tastes like meat. Moreover, pea protein is also used in meat products as a texture improving agent in the meat processing. All these factors are projected to foster the market growth of the pea protein.