Global Pea Protein Isolate Market Size To Exceed USD 1642 Million by 2033 | CAGR of 11.32%

Global Pea Protein Isolate Market Size To Exceed USD 1642 Million by 2033                  

According to a research report published by Spherical Insights & Consulting, The Global Pea Protein Isolate Market Size is Expected to Grow from USD 562 Million in 2023 to USD 1642 Million by 2033, at a CAGR of 11.32% during the forecast period 2023-2033.                

Browse 210 market data Tables and 45 Figures spread through 200 Pages and in-depth TOC on the Global Pea Protein Isolate Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Low Purity Pea Protein Isolate (75%-80%), Medium Purity Pea Protein Isolate (80%-85%), High Purity Pea Protein Isolate (>85%)), By Processing Method (Dry, Wet), By Application (Sports Nutrition Food, Energy Drinks, Health Food, Pet Food, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pea-protein-isolate-market                      

The pea protein isolate market is the international trade of highly refined protein from yellow peas that contains more than 80% protein. It is used in plant-based meats, protein bars, dairy alternatives, supplements, and cosmetics. It is highly in demand for its amino acid profile, which has promoted vegan, gluten-free, and dairy-free diets. Moreover, some of the primary driving factors for the pea protein isolate market include a shift toward plant-based diets that are healthier and more sustainable. Increased consumer awareness of protein health, fitness, and weight management increases demand even higher. Advances in food composition and clean-label products, as well as an increased presence of plant-based alternatives in mainstream retail establishments, all contribute to market growth. As does the global end ever to reduce carbon footprints and promote environmental sustainability. However, high manufacturing costs, restricted raw material availability, and consumer resistance to innovative plant-based proteins are all factors influencing the pea protein isolate market. Some products may also have taste and texture difficulties, and competition from other plant proteins could limit market expansion.

The high-purity pea protein isolate (>85%) segment dominated the market in 2023 and is projected to grow at a significant CAGR during the projected timeframe. 

Based on the product type, the pea protein isolate market is divided into low-purity pea protein isolate (75%-80%), medium-purity pea protein isolate (80%-85%), and high-purity pea protein isolate (>85%). Among these, the high-purity pea protein isolate (>85%) segment dominated the market in 2023 and is projected to grow at a significant CAGR during the projected timeframe. This is due to its superior nutritional profile, which is highly regarded in health-conscious food and beverage products such as protein supplements, plant-based meat alternatives, and functional foods.  

The wet segment accounted for a substantial share in 2023 and is anticipated to grow at a remarkable CAGR during the projected timeframe.

Based on the processing method, the pea protein isolate market is divided into dry, and wet. Among these, the wet segment accounted for a substantial share in 2023 and is anticipated to grow at a remarkable CAGR during the projected timeframe. This approach typically produces higher-quality protein isolates with improved functional qualities, such as solubility and emulsification. Wet processing also enables the extraction of a greater range of proteins, making it a preferred alternative for manufacturers wanting to make high-performance, clean-label plant-based goods.

The sports nutrition food segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the pea protein isolate market is divided into sports nutrition food, energy drinks, health food, pet food, and others. Among these, the sports nutrition food try segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. This development is being driven by an increase in demand for plant-based protein in the fitness and wellness arena, driven by health-conscious consumers and athletes looking for vegan, allergen-free, and highly digestible protein sources.

North America is anticipated to hold the largest share of the pea protein isolate market over the predicted timeframe.

North America is anticipated to hold the largest share of the pea protein isolate market over the predicted timeframe. This is due to the region's high demand for plant-based proteins, which is fueled by a health-conscious population, vegan and vegetarian diets, and a growing awareness of environmental concerns. North America has a well-established food and beverage industry that is rapidly adopting plant-based alternatives.

Europe is expected to grow at a rapid CAGR of the pea protein isolate market during the forecast period. Some of the factors driving the growth of this market include the shift toward plant-based diets, the increasing demand for vegan and allergen-free protein sources, and government efforts promoting sustainable agriculture.

Major vendors in the global pea protein Isolate market are Roquette Freres, Ingredion Incorporated, Cargill, Incorporated, Bunge Limited, Tate & Lyle PLC, Axiom Foods, Inc., Burcon NutraScience Corporation, PepsiCo, Inc., The Greenleaf Foods, SPC, Proterra Ingredients, Naturz Organics, and Others.

Market Players

• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In July 2024, Ingredion Incorporated launched Vitessence Pea 100 HD, a novel pea protein improved for cold-pressed bars in Canada and the United States. It provides softness throughout the shelf life of cold-pressed bars.

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global pea protein isolate market based on the below-mentioned segments: 

Global Pea Protein Isolate Market, By Product Type

• Low Purity Pea Protein Isolate (75%-80%)
• Medium Purity Pea Protein Isolate (80%-85%)
• High Purity Pea Protein Isolate (>85%)

Global Pea Protein Isolate Market, By Processing Method

• Dry
• Wet

Global Pea Protein Isolate Market, By Application

• Sports Nutrition Food
• Energy Drinks
• Health Food
• Pet Food
• Others

Global Pea Protein Isolate Market, By Regional

• North America  
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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