Global Pea Protein Market Size Likely to Grow at a CAGR of 11.84% By 2034

As per the Pea Protein Market size analysis conducted by the CMI Team, the global Pea Protein Market is expected to record a CAGR of 11.84% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 3.3 Billion. By 2034, the valuation is anticipated to reach USD 10.1 Billion.

Overview

According to industry analysts at CMI, the Pea Protein Market is fast changing with high sustainability, product innovation and functional nutrition. The leading companies in the market are increasingly focusing on the latest protein extraction technologies, clean-label formulations and plant-based innovation to satisfy the world with healthy and environmentally friendly protein options. The growth of special purpose protein ingredients to be used in beverages, meat analogues and dairy replacements is being fueled by strategic alliances with food manufacturers, nutraceutical companies, and research groups.

Key Trends & Drivers

• Increasing Demand of Plant-Based and Vegan Diets: The global move towards the health, ethical, and environmental awareness is leading to increased demand of plant-based foods. As a non-allergenic, non-GMO, and sustainable pea protein, the substance is gaining popularity in vegan food stuffs, meat alternatives, and sports nutrition products and is regularly in high demand across the regions.

• Gaining Health and Wellness Consciousness: The consumers are demanding protein-food, cholesterol free and easily digestible foods. Pea protein is a source of essential amino acids, muscle recovery and heart health. Its clean-label profile is in line with the international wellness trend, and thus it is widely used as an ingredient in dietary supplements, protein powders, and functional beverages.

• Technological Changes in Extraction and Formulation: Technological changes in dry and wet protein extraction, multi-functional texturizing, and flavor-masking technologies are enhancing the solubility, taste and nutritional value of pea protein. The innovations help it to expand into dairy substitutes, baked goods and ready-to-drink formula and expand the versatility of its products and lead to an increase in its adoption by large-scale food producers.

Report Scope

SWOT Analysis

• Strengths: Pea protein is non-allergenic, digests well, and contains lots of essential amino acids and thus makes it a perfect substitute of soy or dairy proteins. Its ability to grow sustainably as well as its application in food, beverage and nutraceutical further reinforces its position in the global market.

• Weaknesses: The expensive cost of production, the inability to secure raw materials, and flavor or texture will limit mass adoption. Irregular taste profiles and solubility characteristics relative to animal protein also curtail its utilization in high end formulations and mainstream foods.

• Opportunities: There is a good growth opportunity in the face of increasing veganism, clean-label demand and the sustainable food efforts. The innovation of the extraction technologies, optimization of flavors, and the application of plant-based meat brings the opportunities to develop new products and expand the market in the new economies.

• Threats: Excessive competition by soy, rice and other plant proteins, variability of the supply of peas and trade restrictions are threats. Regulatory insecurities in labeling regulations and consumer distrust in processed plant proteins could prevent future expansion of the market.

List of the prominent players in the Pea Protein Market:

• Roquette Frères
• PURIS Foods
• Cosucra Groupe Warcoing
• Axiom Foods Inc.
• The Scoular Company
• Ingredion Incorporated
• Glanbia plc
• Emsland Group
• Burcon NutraScience Corporation
• Shandong Jianyuan Group
• Yantai Shuangta Food Co. Ltd.
• Fenchem Biotek Ltd.
• Kerry Group plc
• AGT Food and Ingredients Inc.
• Naturz Organics
• Others

The Pea Protein Market is segmented as follows:

By Type

• Pea Protein Isolates
• Pea Protein Concentrates
• Textured Pea Protein
• Pea Protein Hydrolysates

By Source

• Yellow Split Peas
• Green Peas

By Form

• Dry
• Wet

By Application

• Meat Substitutes
• Dairy Alternatives
• Bakery & Confectionery
• Snacks & Cereals

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America