Pea Protein Market by Product, Form, and Application - Global Industry Analysis and Forecast to 2025

Report Code : FB06175

Proteins are biomolecules consisting of one or more chains of amino acids. Proteins are used in range of metabolic functions such as DNA replication, RNA synthesis, cell mitosis and meiosis besides catalyzing large number of biochemical reactions. Some of the commonly used proteins include pea protein, soy protein and whey protein. Pea protein is a food with neutral taste used in wide range of applications such as bakery, snacks and beverages. Pea protein is extracted from Pisumsavitum having typical leguminous amino acid profile. Peas are rich in essential nutrients having high content of fiber, protein, amino acids, Vitamins and lutein. Pea protein has great amino acid profile including branch-chain amino acids that are well known for decreasing muscle breakdown after intense workout. A pea protein is a complete protein having all nine essential amino acids required by body for producing secondary amino acids.

There has been tremendous increase in global consumption of pea protein in last few years owing to number of benefits offered such as high BCAA contents, easily digestible, lactose free, mixes easily with water and low carbohydrate content. Pea proteins have high content of branched chain amino acids which have ability to keep body in continues muscle building state, decrease body fat, and enhances overall health of the individual. Consuming whey or soy protein for extended period may lead to development of intolerance or allergies causing nausea and vomiting whereas, pea proteins doesn’t have any allergic content therefore rendering it as safe. Besides lowering weight, pea proteins are effective for lowering blood pressure and decrease risk of developing coronary heart diseases (CHD). Thus, pea proteins have emerged as substitute or alternative to other protein and non-protein foods and ingredients.

Rising importance of vegetarian and flexitarian among people and increasing consumption owing to nutritional value of pea protein is expected to propel growth of the market. Furthermore, rising complications with consumption of gluten and lactose rich foods and presence of advanced manufacturing facilities especially in U.S. is expected to drive the growth of the industry. Moreover, increasing awareness about importance of protein rich diet will increase demand for pea protein in coming years. However, strict regulations imposed by food regulatory bodies on inspection of food products and processing will slow down growth of the market.

Major players operating in this industry include Roquette Freres, Cosucra Groupe Warcoing, Nutri-Pea Limited, Burcon Nutrascience Corporation, Sotexpro, Farbest Brands, Axiom Foods, Inc., Shandong Jianyuan Foods Co., Ltd., Yantai Shuangta Food Co., Ltd., and The Scoular Company. These companies adopted new product launch and mergers and expansions to geographically expand their business operations and to increase their product portfolio for capturing larger market share. For instance in October 2015, Axiom Foods, the largest producer of plant protein in the U.S. had expanded to India to produce hexane- and ethanol free natural rice bran oil and stabilized rice bran ingredients for human food and animal feed sectors at affordable cost.

Emerging and developing markets especially India and China are expected to provide lucrative growth opportunities for key players owing to large population with higher need for nutritional food products. In addition, growing demand for functional foods and protein based drinks will help producers to diversify their agriculture and marine-based crops thereby increasing pea protein production. Furthermore, market players are focusing on expanding their business operations in untapped regions to serve unmet needs of the people by offering innovative products ultimately leading to larger market coverage and share. For instance in January 2016, Roquette, a French based company had announced to build world’s largest pea processing plant in Canada for producing pea protein, feed and pet foods. Similarly in 2016, Ripple Foods had launched plant-based milks made from pea protein. Such developments will be a fantastic step forward for making pea protein easily available than ever, providing ample growth opportunities for the pea protein market.

Pea Protein Market Segmentation

By Product

  • Concentrates
  • Textured
  • Isolates

By Form

  • Dry
  • Liquid

By Application

  • Dietary Supplements
  • Beverage
  • Bakery Goods
  • Meat extenders & analogues
  • Others

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • United Arab Emirates
  • Others


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers


Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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