Pea Protein Market Analysis Trends and Opportunities (2024-2031)

1. “Meticulous Research® Projects Pea Protein Market $1.31 Billion by 2031” pen_spark” J

2. Pea Protein Market 2024-2031 Pea Protein Market Analysis Trends and Opportunities (2024-2031) Meticulous Research®, a prominent global market research company, has published a comprehensive report titled Pea Protein Market—Global Opportunity Analysis and Industry Forecast (2024-2031). This detailed analysis reveals that the pea protein market is projected to reach $1.31 billion by 2031, exhibiting a robust compound annual growth rate (CAGR) of 14.2% from 2024 to 2031. The growth trajectory of the pea protein market is influenced by several pivotal factors, including a rising interest in plant-based nutrition, health and wellness trends, and an expanding market for plant-based food products. Download Sample Report Here - https://www.meticulousresearch.com/download-sample- report/cp_id=5054?utm_source=article&utm_medium=social&utm_campai gn=product&utm_term=18-10-24 Driving Forces Behind Market Growth The expansion of the pea protein market can be attributed to multiple interconnected trends: 1.Increasing Demand for Plant-Based Nutrition: Consumers are increasingly leaning towards plant-based diets, driven by health benefits, environmental concerns, and animal welfare considerations. 2.Health and Wellness Trends: As individuals prioritize health and fitness, there is a growing demand for protein-rich foods, leading to a surge in the popularity of pea protein. 3.Awareness of Nutritional Benefits: Enhanced consumer knowledge regarding the nutritional advantages of peas and pea-based products has spurred interest and market growth. 4.Innovation by Key Players: The focus of major industry players on developing innovative pea protein ingredients has further catalyzed the growth of the market. Page 1 of 6 © Meticulous Research| sales@meticulousresearch.com

3. Pea Protein Market 2024-2031 Competitive Landscape The pea protein market exhibits a moderately competitive environment characterized by a mix of large multinational corporations and smaller regional and local players. The following are some of the leading companies operating in this space: •Roquette Frères (France) •AGT Food and Ingredients Inc. (Canada) •Cargill, Inc. (U.S.) •Ingredion Incorporated (U.S.) •Archer-Daniels-Midland Company (U.S.) •Axiom Foods Inc. (U.S.) •Burcon NutraScience Corporation (Canada) •Glanbia Plc. (Ireland) •Cosucra Groupe Warcoing SA (Belgium) •Sotexpro Sa (part of GEMEF Industries) (France) •Farbest-Tallman Foods Corporation (U.S.) •Shandong Jianyuan Foods Co., Ltd. (China) •The Emsland Group (Germany) •Nutri-Pea Ltd. (Canada) Get A Glimpse Inside: Request Sample Pages - https://www.meticulousresearch.com/request-sample- report/cp_id=5054?utm_source=article&utm_medium=social&utm_campai gn=product&utm_term=18-10-24 Market Segmentation By Type The pea protein market is segmented into two primary types: yellow pea proteins and green pea proteins. In 2024, the yellow pea proteins segment is Page 2 of 6 © Meticulous Research| sales@meticulousresearch.com

4. Pea Protein Market 2024-2031 expected to dominate the market, holding a staggering 94.7% market share. This dominance is attributed to: •High Protein Content: Yellow peas are rich in protein, making them an ideal choice for protein isolates. •Versatility: Yellow split peas are utilized in various food formats, including plant-based burgers and pea milk. •Nutritional Benefits: They are an excellent source of healthy carbohydrates, fiber, and essential nutrients. By Source In terms of sources, conventional pea protein is projected to hold the largest share in 2024. Factors contributing to this trend include: •Shelf Life: Conventional pea protein typically has a longer shelf life compared to organic alternatives. •Cost-Effectiveness: The production costs for conventional peas are lower than those for organic peas, making them more accessible to manufacturers. •Availability: There is an increasing variety of conventional pea crops available in the market. By Processing Method The market is also segmented by processing method into dry processing and wet processing. The dry processing segment is expected to lead the market in 2024 due to: •Lower Costs: Dry processing requires less capital investment and uses less energy and water than wet extraction methods. •Demand for Dry Protein Components: There is a growing preference among manufacturers for dry protein forms. By Form The pea protein market can be categorized into solid and liquid forms. The solid pea protein segment is anticipated to dominate in 2024, attributed to: Page 3 of 6 © Meticulous Research| sales@meticulousresearch.com

5. Pea Protein Market 2024-2031 •Production Efficiency: Solid pea proteins are simpler to manufacture and maintain higher stability compared to liquid counterparts. •Versatility: Solid forms can be easily incorporated into a variety of food applications. •Production Rates: Solid pea proteins allow for higher production rates, making them favorable for large-scale manufacturing. By Application The application segment of the pea protein market includes: •Nutrition & Health Supplements: Expected to capture 36.4% of the market share in 2024, this segment is fueled by increasing health- consciousness and the demand for sports nutrition. •Meat and Meat Alternatives: As consumers seek healthier protein sources, this segment is gaining traction. •Dairy and Dairy Alternatives: The rise of veganism and lactose-free diets has led to a growing market for pea-based dairy alternatives. •Bakery Products, Cereals & Snacks: Pea protein is increasingly used as an ingredient in various baked goods and snack products. Download PDF Brochure of Pea Protein Market :- https://www.meticulousresearch.com/download-sample- report/cp_id=5054?utm_source=article&utm_medium=social&utm_campai gn=product&utm_term=18-10-24 Regional Analysis North America By geography, North America is projected to hold a dominant market share of 42.4% in 2024, estimated at $219.9 million. The key factors contributing to this market strength include: •Flourishing Food & Beverage Sector: A thriving industry that is increasingly incorporating pea protein into a variety of products. Page 4 of 6 © Meticulous Research| sales@meticulousresearch.com

6. Pea Protein Market 2024-2031 •Concerns Over Animal Protein: Growing awareness of the health risks associated with animal-based proteins has prompted consumers to seek plant-based alternatives. •Rising Vegan Population: An increasing number of individuals are adopting vegan diets, driving demand for plant-based protein sources. •Development of Nutritious Products: There is a heightened interest in wholesome and nutritious food options among consumers. Europe Europe represents another significant market for pea protein, driven by similar trends in health consciousness and plant-based diets. The region is witnessing increased investments in sustainable protein sources, enhancing the market's growth potential. Asia-Pacific In the Asia-Pacific region, the demand for pea protein is on the rise, fueled by the growing health awareness among consumers and the expanding plant- based food market. Countries like China and India are expected to play crucial roles in market expansion due to their large populations and increasing interest in nutritious food options. Latin America and Middle East & Africa Emerging markets in Latin America and the Middle East & Africa are also expected to contribute to the growth of the pea protein market. The increasing focus on health and wellness, coupled with the rising prevalence of vegetarianism and veganism, positions these regions as potential growth areas for pea protein products. Conclusion The future of the pea protein market looks promising, with significant growth expected over the next several years. The combination of rising consumer awareness about the benefits of plant-based nutrition, innovations by industry players, and changing dietary preferences will continue to shape the market landscape. Stakeholders in the food and beverage industry should seize the Page 5 of 6 © Meticulous Research| sales@meticulousresearch.com

7. Pea Protein Market 2024-2031 opportunities presented by this growing market segment, positioning themselves to meet the evolving demands of health-conscious consumers. In summary, the pea protein market presents a wealth of opportunities driven by key trends and shifts in consumer behavior. As the demand for sustainable, nutritious, and versatile protein sources increases, businesses that adapt to these changes will find significant potential for growth and innovation in the years to come. Read Full Report - https://www.meticulousresearch.com/product/pea- protein-market-5054 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 6 of 6 © Meticulous Research| sales@meticulousresearch.com