Pea Protein Market Size Expected to Reach by 2032
Pea protein, which has all nine essential amino acids, has many health advantages, including helping people lose weight, improving blood flow & calcium absorption, maintaining lean muscle, speeding up metabolism, and controlling blood sugar. Branch chain amino acids (BCAAs), which the body cannot generate, make up around 20% of the amino acids in pea protein. BCAAs are excellent for growing muscle since they make up more than 35% of muscle mass and promote protein synthesis. A crucial component of muscle growth is arginine (L-arginine), another essential amino acid. In addition, it aids in minimizing muscle breakdown following demanding workouts. The adoption of pea protein-based sports nutrition & weight management products has been propelled by trends, including rise in demand for organic-based foods & better & premium food options, which in turn, is predicted to present potential global pea protein market growth possibilities.
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Some of the major
players analyzed in this report are A&B Ingredients, Roquette Freres Le
Romarin, Burcon Nutrascience Corporation, Cosucra Groupe Warcoing SA, Glanbia,
Plc., Green Labs, LLC, GEMEF Industries, Axiom Foods, Inc., Puris, and Yantai
Shuangta Food Co., Ltd.
Pea protein is easily
digested and includes amino acids that are crucial for good bodily function. In
addition, it is a great source of lysine and iron, two nutrients that boost
immune system function and muscular building. Therefore, these nutritional qualities
are likely to satisfy pet owners' demand for a healthy food option. To avoid
illnesses and prevent nutrition deficiencies, the majority of domestic animal
owners make sure that their animals are fed on nutritional food. As a result,
most pet feed producers are concentrating on producing pet meals using pea
protein as a main ingredient, which is helping the industry expand.
However, the usage of
plant proteins in food items is anticipated to grow significantly in the next
years as a way to satisfy the global demand for affordable sources of protein.
When selecting protein supplements, consumers are becoming more selective. In
addition, they look for sources of protein that are secure, complete, and
sustainable. Since pea protein is nongenetically modified (non-GMO),
gluten-free, nourishing, and exhibits low allergenicity, it satisfies these
requirements. Leading businesses, research institutions, and organizations are
having trouble formulating pea protein products with appealing flavors.
Manufacturers are constantly working on R&D projects to create novel pea
protein goods that taste just like traditional products and don't have any
weird flavors, colors, or textures. Incorporating pea protein faces significant
difficulties due to its inherent sensitivity to various stresses during product
manufacturing, high rate of physical & chemical degradation during
long-term storage, and enhanced aggregation or viscosity at high protein
concentrations. Other applications include dairy alternatives, dietary
supplements, meat products, bakery & confectionery, gluten-free products,
and others. The market's expansion is hampered by the significant time and
money needed to overcome these obstacles.
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The pea protein market
is segmented on the basis of type, form, application, and region. By type, it
is classified into pea protein isolate, pea protein concentrate, and textured
pea protein. Depending on form, it is categorized as dry and liquid. By application,
it is segmented into dietary supplement, bakery & confectionery goods, meat
products & alternative, beverages, and others. By region, it is analyzed
across North America, Europe, Asia-Pacific and LAMEA.
By type, the pea
protein isolate segment dominated the market in 2022, garnering around half of
the market share; moreover, the textured pea protein segment is expected to
grow at the highest CAGR of 9.7% from 2023 to 2032. In addition, the pea
protein isolates contain a concentration of protein between 80% and 95%, and
are better suitable for the production of dietary supplements in the sports
nutrition field. These products are further used as texturizing agents in
products due to their high amino acid content, emulsification, superior
water-binding properties, and high solubility. Pea protein are one of the ideal
source of protein for consumers with dietary intolerances due to the absence of
allergens like lactose or soy in the product. Due to these benefits of pea
protein , the market is expected to grow positively over the course of the
projected period.
Depending on form, dry
segment dominated the market in 2022, garnering around three-fourths of the
market share. Moreover, liquid segment is expected to grow at the highest CAGR
of 9.4% from 2023 to 2032. In addition, applications for dried pea protein include
adding it to protein drinks and dietary supplements, as well as improving the
texture of meat substitute products. Dried pea protein is expected to dominate
the market throughout the projected period due to wide usage in the production
of meat, bakery products, and sports & health supplements. The blending
properties of pea protein with other food ingredients is the positive feature
that makes its a solution to be utilized in nutritional drinks, sports drinks,
and other beverages. Pea protein has a higher availability and is comparably
inexpensive compared to other sources of protein. Pea proteins have a host of
health benefits and are increasingly in demand as meat alternatives, pea
proteins are in high demand.
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As per application,
the dietary supplement segment dominated the market in 2022, garnering majority
of the market share. Moreover, meat products & alternative segment is
expected to grow at the highest CAGR of 9.9% from 2023 to 2032. In addition,
growth in health awareness and objective to lead a healthy lifestyle have
influenced consumer preferences for a wholesome diet. They have been searching
for all-encompassing, sustainable, and wholesome food solutions. Pea protein,
which is completely vegan and has all nine essential amino acids, has many
health benefits, including assisting with weight management, enhancing calcium
absorption and blood flow, preserving healthy muscle, accelerating metabolism,
and regulating blood sugar levels. As a result, manufacturers of nutritional
and dietary supplements have been seeking to incorporate pea protein as a
significant component of their products.
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