Pea Protein Market

1. “Meticulous Research® Projects Hearing Pea Protein Market to Reach $1.3 Billion by 2031” pen_spark” J

2. Pea Protein Market 2024-2031 Pea Protein Market: Global Opportunity Analysis and Industry Forecast (2024-2031) Executive Summary According to Meticulous Research®, the pea protein market is projected to reach $1.31 billion by 2031, with a robust compound annual growth rate (CAGR) of 14.2% from 2024 to 2031. This growth is fueled by a rising interest in plant-based nutrition, the expanding health and wellness trends, and increased consumer awareness of the nutritional benefits of pea- based products. Additionally, the focus of key players on developing innovative pea protein ingredients further propels market expansion. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5054 Market Drivers The growth of the pea protein market is attributed to several critical factors: 1.Increased Interest in Plant-Based Nutrition: A significant shift toward plant-based diets is driving demand for pea protein as a preferred protein source. 2.Health and Wellness Trends: Growing health consciousness among consumers is prompting interest in protein-rich, plant-based products. 3.Expansion of the Plant-Based Food Market: The increasing availability of plant- based food options is enhancing the appeal of pea protein. 4.Consumer Awareness: Rising knowledge regarding the health benefits of peas and their derivatives is stimulating demand. Competitive Landscape The pea protein market exhibits moderate competition with numerous global, regional, and local players. Key industry participants include: •Roquette Freres (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 (France) •Farbest-Tallman Foods Corporation (U.S.) •Shandong Jianyuan Foods Co., Ltd. (China) •The Emsland Group (Germany) •Nutri-Pea Ltd. (Canada) Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Pea Protein Market 2024-2031 Market Segmentation The pea protein market is segmented by type, source, processing method, form, application, and geography. By Type •Yellow Pea Proteins: Expected to dominate the market with a share of 94.7% in 2024. This dominance is attributed to their high protein content and versatile applications in food and beverage industries. •Green Pea Proteins: Gaining traction, but currently hold a smaller market share compared to yellow pea proteins. By Source •Conventional Pea Protein: Anticipated to dominate due to lower production costs and longer shelf life. •Organic Pea Protein: While growing in popularity, it faces challenges related to higher costs. By Processing Method •Dry Processing: Expected to lead the market in 2024, driven by lower energy and water usage compared to wet processing methods. By Form •Solid Pea Protein: Anticipated to dominate due to its versatility and manufacturing simplicity. By Application •Nutrition & Health Supplements: Projected to hold the largest share at 36.4% in 2024, driven by the increasing demand for protein-rich nutritional products. Geographic Analysis North America •Expected to command a 42.4% share of the pea protein market in 2024, valued at approximately $219.9 million. The region's growth is attributed to a thriving food and beverage sector, rising veganism, and increasing concerns over animal protein. Europe •A key market for pea protein, driven by health trends and a focus on plant-based diets. Asia-Pacific Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Pea Protein Market 2024-2031 •Emerging as a significant player due to increasing packaged food applications and a concentration of local manufacturers. Latin America and Middle East & Africa •Gradual growth anticipated, influenced by regional dietary shifts and health trends. Conclusion The pea protein market is poised for significant growth, driven by health-conscious consumer trends and the rising demand for plant-based alternatives. Key players are actively innovating and expanding their product offerings to capture market share in this evolving landscape. As the market matures, opportunities for growth will continue to emerge, particularly in the areas of product development and geographic expansion. 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 3 of 3 © Meticulous Research| sales@meticulousresearch.com