Pea Protein Market: Trends and Future Growth Prospects
The global pea protein market size is expected to reach USD 4.71 billion by 2030, expanding at a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.
The demand for pea protein is anticipated to be driven by several factors such as functional benefits, its suitability for individuals with food allergies and dietary restrictions, and growing preference for plant-based diets due to health and environmental concerns.
Pea protein is naturally free from common allergens such as dairy, soy, and gluten. This factor has contributed to its popularity among people with food allergies, sensitivities, or dietary restrictions. Additionally, pea protein is often non-genetically modified, which appeals to consumers seeking natural and clean-label products.
The increasing prevalence of health issues such as obesity and diabetes, particularly among younger generations, has resulted in a growing preference for vegan diets. Furthermore, animal rearing negatively impacts natural resources and contributes to global warming to some extent. Although this impact has not been precisely measured, it is widely acknowledged, and awareness of this factor has encouraged the adoption of a more plant-based diet, thus boosting the meat substitutes market. As a result, pea protein as a meat substitute is expected to become more prevalent during the forecast period due to its excellent texturing properties, which make it suitable for use in the production of meat products such as chicken, beef, lamb, and mutton.
Gather more insights about the market drivers, restrains and growth of the Pea Protein Market
Pea Protein Market Report Highlights
• Based on products, pea protein isolates dominated the market with a 49.9% share in 2022 owing to their high protein content, excellent amino acid profile, and versatile applications. Pea protein isolates are highly purified and contain a high concentration of protein, making them desirable for various industries such as food and beverage, sports nutrition, and dietary supplements
• Based on form, dry pea protein dominated the market with a revenue share of 67.3% in 2022 due to its versatility in applications, ease of storage and transportation, and the increasing demand for plant-based and vegan products
• Based on source, yellow split peas dominated the market with a revenue share of 76.8% in 2022 due to their wide availability, favorable nutritional & functional properties, mild flavor profile, and growing demand for plant-based protein alternatives
• Based on application, food & beverages dominated the market with a share of 39.6% in 2022, owing to the increasing demand for plant-based and vegan products, functional benefits in various food applications, and consumer preferences for allergen-friendly and sustainable ingredients
• The North America region dominated the market with a revenue share of 33.1% in 2023, due to strong food and beverage industry, and favorable government regulations promoting plant-based diets
Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
• The global fish powder market size was valued at USD 9.10 billion in 2024 and is projected to grow at a CAGR of 6.5% from 2025 to 2030.
• The global mussel oil and powder market size was valued at USD 185.4 million in 2024 and is projected to grow at a CAGR of 8.0% from 2025 to 2030.
Pea Protein Market Segmentation
Grand View Research has segmented the global pea protein market based on product, form, source, application, and region:
Pea Protein Product Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)
• Isolates
• Concentrates
• Textured
• Hydrolysates
Pea Protein Form Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)
• Dry
• Wet
Pea Protein Source Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)
• Yellow Split Peas
• Others
Pea Protein Application Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)
• Food & Beverages
o Meat substitutes
o Bakery goods
o Dietary supplements
o Beverages
o Others
• Personal Care & Cosmetics
• Animal Feed
• Others
Pea Protein Regional Outlook (Revenue, USD Million, Metric Tons, 2018 - 2030)
• North America
o U.S
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Sweden
o Netherlands
• Asia Pacific
o China
o Japan
o India
o Australia & New Zealand
o South Korea
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
Order a free sample PDF of the Pea Protein Market Intelligence Study, published by Grand View Research.
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