Pea Protein Market Set to Grow at a CAGR of 12.78%, Reaching USD 7.13 Billion by 2032

The global Pea Protein Market, valued at USD 2.42 billion in 2024, is set to expand significantly in the coming years. The market is projected to grow from USD 2.73 billion in 2025 to USD 7.13 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 12.78% during the forecast period (2025–2032). This substantial growth can be attributed to the increasing demand for plant-based protein products, coupled with rising consumer awareness regarding the benefits of pea protein as a sustainable, allergen-free alternative to animal-based proteins.

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Market Definition and Catalysts for Expansion

Pea protein is a plant-derived protein extracted from yellow peas (Pisum sativum), and it is increasingly being used as a key ingredient in food and beverage formulations. Unlike other plant-based proteins, pea protein offers a highly digestible source of protein, with essential amino acids, making it an attractive option for both plant-based diets and those looking to reduce their intake of animal-derived protein.

Several factors are driving the growth of the pea protein market. The global shift toward plant-based diets, fueled by growing concerns over health, sustainability, and animal welfare, is a primary catalyst. Additionally, pea protein's versatility and functional properties—such as high solubility, emulsifying capabilities, and texture-enhancing features—are expanding its applications in a variety of industries, including food and beverages, dietary supplements, and meat substitutes.

Furthermore, the growing interest in vegan and vegetarian diets, along with an increasing prevalence of food allergies to soy and gluten, is fostering higher demand for pea protein products as an alternative. As more consumers seek out cleaner, healthier, and plant-based options, pea protein stands out as a key player in the plant-based protein market.

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Pea Protein Market Breakdown by Product

• Isolates: Pea protein isolates are the most highly concentrated form of pea protein, containing upwards of 85% protein. They are widely used in protein powder supplements and as a functional ingredient in plant-based meat and dairy alternatives.

• Concentrates: Pea protein concentrates contain between 50% and 80% protein and are typically used in protein bars, smoothies, and plant-based beverages.

• Textured: Textured pea protein is used in plant-based meat products and is particularly popular in the creation of meat substitutes that mimic the texture of animal-based meat.

• Hydrolysate: Hydrolyzed pea protein, with its broken-down amino acid chains, is used in specialized formulations where quick absorption and ease of digestibility are important, such as in infant nutrition and specialized dietary supplements.

Applications Driving Market Growth

Pea protein is finding a wide range of applications, particularly in the following sectors:

• Meat Substitutes: One of the largest and fastest-growing applications of pea protein is in meat substitutes. As the plant-based meat market continues to expand, pea protein's role in creating plant-based burgers, sausages, and other products is becoming increasingly important.

• Bakery Goods: Pea protein is used in the formulation of bakery products, offering a gluten-free and dairy-free protein boost that supports healthy eating trends.

• Dietary Supplements: Pea protein is also a popular ingredient in dietary supplements, especially protein powders, because of its excellent amino acid profile and digestibility.

• Beverages: Pea protein is used in a variety of plant-based beverages, such as protein shakes, smoothies, and dairy alternatives like plant-based milk.

Regional Trends and Market Analysis

• North America: North America is one of the largest markets for pea protein, driven by the increasing adoption of plant-based diets in the U.S. and Canada. The region is expected to continue to dominate the market due to high consumer demand for plant-based protein products in food and beverages.

• Asia Pacific (APAC): The APAC region is seeing significant growth in the pea protein market due to the rising popularity of plant-based protein in countries like China and India. The growing vegetarian population in the region, combined with health-conscious consumers, is pushing demand for plant-based protein ingredients.

• Europe: Europe is witnessing strong demand for pea protein in meat substitutes, with plant-based protein becoming a mainstream food choice. The trend is driven by the region's focus on sustainability, along with a robust consumer shift toward veganism and vegetarianism.

• LAMEA: The Latin America, Middle East, and Africa (LAMEA) region is also projected to experience strong growth in the pea protein market, as the demand for plant-based proteins in food and beverage products grows, driven by increasing awareness of health and sustainability issues.

Key Market Players

Several companies are leading the charge in the pea protein market, investing in innovation and product development to meet growing consumer demand for plant-based proteins. These include:

• Burcon
• Roquette Frères
• The Scoular Company
• DuPont
• Cosucra
• Nutri-Pea
• Shandong Jianyuan Group
• SOTEXPRO
• Yantai Oriental Protein Tech Co.LTD
• PURIS
• Ingredion
• Axiom Foods Inc.
• FENCHEM
• Martin & Pleasance
• The Green Labs LLC

These companies are increasingly focusing on expanding their product portfolios and exploring new applications for pea protein in various sectors, from food and beverages to dietary supplements.

Conclusion

The global pea protein market is expected to experience significant growth over the next decade, driven by the rising consumer demand for plant-based alternatives to animal proteins. With applications in a variety of industries, including meat substitutes, bakery products, dietary supplements, and beverages, pea protein is well-positioned to capitalize on the growing trends of health-consciousness and sustainability. With an impressive CAGR of 12.78% from 2025 to 2032, the market offers substantial growth prospects for stakeholders across the value chain.

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