Sample - Pea Protein Market - Global Opportunity and Industry Forecast (2022-2029)

PEA PROTEIN MARKET
By Type (Pea Protein Isolate, Pea Protein Concentrate, Pea Flour), Source
(Yellow Pea, Green Pea), Source Process (Conventional, Organic),
Application (Nutritional Supplements, Meat Alternatives)
Forecast to 2029
GLOBAL PEA PROTEIN MARKET
Forecast to 2029
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Forecast to 2029
TABLE OF CONTENTS
1. INTRODUCTION ___________________________________________________________________________ 18
1.1. MARKET DEFINITION _______________________________________________________________________________ 18
1.2. MARKET ECOSYSTEM _______________________________________________________________________________ 18
1.3. CURRENCY _________________________________________________________________________________________ 19
1.4. KEY STAKEHOLDERS ________________________________________________________________________________ 19
2. RESEARCH METHODOLOGY _______________________________________________________________ 20

2.1. RESEARCH APPROACH _____________________________________________________________________________ 20
2.2. DATA COLLECTION & VALIDATION __________________________________________________________________ 21
2.2.1. SECONDARY RESEARCH ____________________________________________________________________________________ 21
2.2.2. PRIMARY RESEARCH ________________________________________________________________________________________ 22
2.3. MARKET ASSESSMENT _____________________________________________________________________________ 25

2.3.1. MARKET SIZE ESTIMATION _________________________________________________________________________________ 25
2.3.1.1. BOTTOM-UP APPROACH ________________________________________________________________________________________ 25
2.3.1.2. TOP-DOWN APPROACH _________________________________________________________________________________________ 26
2.3.1.3. GROWTH FORECAST ____________________________________________________________________________________________ 26
2.4. ASSUMPTIONS FOR THE STUDY _____________________________________________________________________ 26

2.5. LIMITATIONS FOR THE STUDY ______________________________________________________________________ 27
3. EXECUTIVE SUMMARY ____________________________________________________________________ 28

3.1. INTRODUCTION _____________________________________________________________________________________ 28
3.2. SEGMENT ANALYSIS________________________________________________________________________________ 29
3.2.1. PEA PROTEIN MARKET, BY TYPE ____________________________________________________________________________ 29
3.2.2. PEA PROTEIN MARKET, BY SOURCE _________________________________________________________________________ 30
3.2.3. PEA PROTEIN MARKET, BY SOURCE PROCESS _______________________________________________________________ 31

3.2.4. PEA PROTEIN MARKET, BY PROCESSING METHOD ___________________________________________________________ 32
3.2.5. PEA PROTEIN MARKET, BY FORM ___________________________________________________________________________ 33
3.2.6. PEA PROTEIN MARKET, BY APPLICATION ___________________________________________________________________ 34
3.3. PEA PROTEIN MARKET: REGIONAL ANALYSIS ________________________________________________________ 35

3.3.1. COMPETITIVE LANDSCAPE & MARKET COMPETITORS _______________________________________________________ 36

Forecast to 2029
4. MARKET INSIGHTS ________________________________________________________________________ 37

4.1. INTRODUCTION _____________________________________________________________________________________ 37
4.2. DRIVERS ___________________________________________________________________________________________ 38
4.2.1. RISING INTEREST IN PLANT-BASED NUTRITION ______________________________________________________________ 38
4.2.2. GROWING HEALTH AND WELLNESS TREND __________________________________________________________________ 39
4.2.3. INCREASING PLANT-BASED FOOD MARKET __________________________________________________________________ 40

4.2.4. RISING CONSUMER AWARENESS REGARDING NUTRITIONAL BENEFITS OFFERED BY PEA AND PEA-
BASED PRODUCTS __________________________________________________________________________________________ 41
4.2.5. ACCELERATED FOCUS OF KEY PLAYERS ON DEVELOPMENT OF INNOVATIVE PEA PROTEIN

INGREDIENTS _______________________________________________________________________________________________ 41
4.3. RESTRAINTS _______________________________________________________________________________________ 43

4.3.1. SIGNIFICANT PREFERENCE FOR ANIMAL-BASED PROTEIN ___________________________________________________ 43
4.4. CHALLENGES_______________________________________________________________________________________ 43
4.4.1. CONSUMER PREFERENCE FOR OTHER PLANT PROTEIN OVER PEA PROTEIN __________________________________ 43
4.5. OPPORTUNITIES ____________________________________________________________________________________ 44

4.5.1. GROWTH OPPORTUNITIES IN EMERGING MARKETS __________________________________________________________ 44
4.5.2. INCREASING LAUNCHING OF PEA PROTEIN-BASED PRODUCTS_______________________________________________ 45
4.6. TRENDS ____________________________________________________________________________________________ 46

4.6.1. GROWING INVESTMENTS IN THE PEA PROTEIN MARKET_____________________________________________________ 46
4.7. PRICING ANALYSIS _________________________________________________________________________________ 46

4.7.1. INTRODUCTION _____________________________________________________________________________________________ 46
4.7.2. PEA PROTEIN ISOLATES ____________________________________________________________________________________ 47
4.7.3. PEA PROTEIN CONCENTRATES ______________________________________________________________________________ 48
4.7.4. TEXTURED PEA PROTEIN ____________________________________________________________________________________ 49

4.7.5. PEA PROTEIN HYDROLYSATE _______________________________________________________________________________ 50
4.7.6. PEA FLOUR _________________________________________________________________________________________________ 51
4.7.7. OTHERS PEA PROTEIN ______________________________________________________________________________________ 52
5. THE IMPACT OF COVID-19 ON THE PEA PROTEIN MARKET __________________________________ 53
6. GLOBAL PEA PROTEIN MARKET, BY TYPE __________________________________________________ 55

6.1. INTRODUCTION _____________________________________________________________________________________ 55
6.1.1. PEA PROTEIN ISOLATES ____________________________________________________________________________________ 57
6.1.2. PEA PROTEIN CONCENTRATES ______________________________________________________________________________ 59
6.1.3. TEXTURED PEA PROTEIN ____________________________________________________________________________________ 61
6.1.4. PEA PROTEIN HYDROLYSATE _______________________________________________________________________________ 63

6.1.5. PEA FLOUR _________________________________________________________________________________________________ 65
6.1.6. OTHER PEA PROTEIN _______________________________________________________________________________________ 67

Forecast to 2029
7. GLOBAL PEA PROTEIN MARKET, BY SOURCE _______________________________________________ 70

7.1. INTRODUCTION _____________________________________________________________________________________ 70
7.2. YELLOW PEA _______________________________________________________________________________________ 71
7.3. GREEN PEA _________________________________________________________________________________________ 72
8. GLOBAL PEA PROTEIN MARKET, BY SOURCE PROCESS _____________________________________ 74

8.1. INTRODUCTION _____________________________________________________________________________________ 74
8.2. CONVENTIONAL PEA PROTEIN ______________________________________________________________________ 75
8.3. ORGANIC PEA PROTEIN _____________________________________________________________________________ 76
9. GLOBAL PEA PROTEIN MARKET, BY PROCESSING METHOD _________________________________ 79

9.1. INTRODUCTION _____________________________________________________________________________________ 79
9.2. DRY PROCESSING __________________________________________________________________________________ 80
9.3. WET PROCESSING __________________________________________________________________________________ 81
10. GLOBAL PEA PROTEIN MARKET, BY FORM _________________________________________________ 82

10.1. INTRODUCTION _____________________________________________________________________________________ 82
10.2. SOLID ______________________________________________________________________________________________ 83
10.3. LIQUID _____________________________________________________________________________________________ 84
11. GLOBAL PEA PROTEIN MARKET, BY APPLICATION __________________________________________ 85

11.1. INTRODUCTION _____________________________________________________________________________________ 85
11.2. NUTRITION & HEALTH SUPPLEMENTS _______________________________________________________________ 86
11.3. MEAT & ALTERNATIVE MEAT PRODUCTS ____________________________________________________________ 88
11.4. BAKERY PRODUCTS _________________________________________________________________________________ 90
11.5. DAIRY & DAIRY ALTERNATIVES ______________________________________________________________________ 92
11.6. CEREALS & SNACKS ________________________________________________________________________________ 93
11.7. BEVERAGES ________________________________________________________________________________________ 94
11.8. PET FOOD __________________________________________________________________________________________ 96
11.9. OTHER APPLICATIONS ______________________________________________________________________________ 97

Forecast to 2029
12. PEA PROTEIN MARKET, BY GEOGRAPHY ___________________________________________________ 99

12.1. INTRODUCTION _____________________________________________________________________________________ 99
12.2. NORTH AMERICA __________________________________________________________________________________ 102
12.2.1. U.S. _______________________________________________________________________________________________________ 105
12.2.2. CANADA ___________________________________________________________________________________________________ 110
12.3. EUROPE ___________________________________________________________________________________________ 113

12.3.1. GERMANY _________________________________________________________________________________________________ 117
12.3.2. FRANCE ___________________________________________________________________________________________________ 120
12.3.3. U.K. _______________________________________________________________________________________________________ 123
12.3.4. ITALY______________________________________________________________________________________________________ 127

12.3.5. SPAIN _____________________________________________________________________________________________________ 130
12.3.6. REST OF EUROPE __________________________________________________________________________________________ 133
12.4. ASIA-PACIFIC______________________________________________________________________________________ 136

12.4.1. CHINA _____________________________________________________________________________________________________ 140
12.4.2. JAPAN ____________________________________________________________________________________________________ 143
12.4.3. INDIA ______________________________________________________________________________________________________ 147

12.4.4. AUSTRALIA ________________________________________________________________________________________________ 150
12.4.5. REST OF ASIA PACIFIC _____________________________________________________________________________________ 154
12.5. LATIN AMERICA ___________________________________________________________________________________ 157

12.6. MIDDLE EAST AND AFRICA _________________________________________________________________________ 160
13. COMPETITIVE LANDSCAPE _______________________________________________________________ 164

13.1. INTRODUCTION ____________________________________________________________________________________ 164
13.2. KEY GROWTH STRATEGIES _________________________________________________________________________ 164
13.3. COMPETITIVE BENCHMARKING ____________________________________________________________________ 166
14. COMPANY PROFILES _____________________________________________________________________ 167

14.1. ROQUETTE FRÈRES LE ROMAIN ____________________________________________________________________ 167
14.1.1. BUSINESS OVERVIEW ______________________________________________________________________________________ 167
14.1.2. FINANCIAL OVERVIEW _____________________________________________________________________________________ 167
14.1.3. PRODUCT PORTFOLIO______________________________________________________________________________________ 168
14.1.4. STRATEGIC DEVELOPMENTS _______________________________________________________________________________ 168
14.2. AGT FOOD AND INGREDIENTS INC. _________________________________________________________________ 169


14.3. CARGILL, INCORPORATED __________________________________________________________________________ 170

Forecast to 2029

14.4. INGREDION INC. ___________________________________________________________________________________ 172


14.5. ARCHER DANIELS MIDLAND COMPANY _____________________________________________________________ 174


14.6. DUPONT DE NEMOURS AND COMPANY _____________________________________________________________ 176


14.7. AXIOM FOODS INC. ________________________________________________________________________________ 179

14.8. BURCON NUTRASCIENCE CORPORATION ___________________________________________________________ 180


14.9. GLANBIA PLC _____________________________________________________________________________________ 182



Forecast to 2029
14.10. COSUCRAGROUPE WARCOING SA __________________________________________________________________ 184

14.11. SOTEXPRO ________________________________________________________________________________________ 185

14.12. FARBEST BRANDS _________________________________________________________________________________ 186

14.13. SHANDONG JIANYUAN FOODS CO., LTD. ___________________________________________________________ 187

14.14. THE EMSLAND GROUP _____________________________________________________________________________ 188


14.15. NUTRI-PEA LIMITED _______________________________________________________________________________ 189

15. APPENDIX _______________________________________________________________________________ 190

15.1. QUESTIONNAIRE___________________________________________________________________________________ 190
15.2. AVAILABLE CUSTOMIZATION ______________________________________________________________________ 196

Forecast to 2029
LIST OF TABLES
TABLE 1 GLOBAL PEA PROTEIN MARKET DRIVERS: IMPACT ANALYSIS (2022–2029) ............................... 38
TABLE 2 GLOBAL PEA PROTEIN MARKET RESTRAINTS: IMPACT ANALYSIS (2022–2029) ......................... 43
TABLE 3 AVERAGE PRICES OF PEA PROTEIN ISOLATES, BY REGION, 2020–2029 (USD/TON) .................... 47
TABLE 4 AVERAGE PRICES OF PEA PROTEIN CONCENTRATES, BY REGION, 2020–2029 (USD/TON) .......... 48
TABLE 5 AVERAGE PRICES OF TEXTURED PEA PROTEIN, BY REGION, 2020–2029 (USD/TON) ................... 49
TABLE 6 AVERAGE PRICES OF PEA PROTEIN HYDROLYSATE, BY REGION, 2020–2029 (USD/TON) ............ 50
TABLE 7 AVERAGE PRICES OF PEA FLOUR, BY REGION, 2020–2029 (USD/TON) ....................................... 51
TABLE 8 AVERAGE PRICES OF OTHERS PEA PROTEIN, BY REGION, 2020–2029 (USD/TON)....................... 52
TABLE 9 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)............................................. 56
TABLE 10 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (TONS) ........................................................ 57
TABLE 11 PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (USD MILLION) ......... 58
TABLE 12 PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) .................... 59
TABLE 13 PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY/REGION, 2022–2029

(USD MILLION)......................................................................................................................... 60
TABLE 14 PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) .......... 61
TABLE 15 TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (USD MILLION)........ 62
TABLE 16 TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) ................... 63
TABLE 17 PEA PROTEIN HYDROLYSATE MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (USD MILLION) . 64
TABLE 18 PEA PROTEIN HYDROLYSATE MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) ............. 65
TABLE 19 PEA PROTEIN FLOUR MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (USD MILLION) .............. 66
TABLE 20 PEA PROTEIN FLOUR MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) ......................... 67
TABLE 21 OTHERS PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (USD MILLION) ........... 68
TABLE 22 OTHERS PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2022–2029 (TONS) ....................... 69
TABLE 23 GLOBAL PEA PROTEIN SUPPLEMENTS MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ... 70
TABLE 24 YELLOW PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) ........... 72
TABLE 25 GREEN PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) ............. 73
TABLE 26 GLOBAL PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ............ 74
TABLE 27 CONVENTIONAL PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) 76
TABLE 28 ORGANIC PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) ......... 78
TABLE 29 GLOBAL PLANT-BASED PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029

(USD MILLION)......................................................................................................................... 79
TABLE 30 DRY-PROCESSED PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029

(USD MILLION)......................................................................................................................... 80

Forecast to 2029
TABLE 31 WET-PROCESSED PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029

(USD MILLION)......................................................................................................................... 81
TABLE 32 GLOBAL PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .............................. 82
TABLE 33 SOLID PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) .............. 83
TABLE 34 LIQUID PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) ............. 84
TABLE 35 GLOBAL PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .................. 86
TABLE 36 PEA PROTEIN MARKET SIZE FOR NUTRITION & HEALTH SUPPLEMENTS, BY COUNTRY/REGION,
2020–2029 (USD MILLION)....................................................................................................... 87
TABLE 37 PEA PROTEIN MARKET SIZE FOR MEAT & ALTERNATIVE MEAT PRODUCTS,
BY COUNTRY/REGION, 2020–2029 (USD MILLION) .................................................................... 89
TABLE 38 PEA PROTEIN MARKET SIZE FOR BAKERY PRODUCTS, BY COUNTRY/REGION, 2020–2029
(USD MILLION)......................................................................................................................... 91
TABLE 39 PEA PROTEIN MARKET SIZE FOR DAIRY AND DAIRY ALTERNATIVES, BY COUNTRY/REGION,
2020–2029 (USD MILLION)....................................................................................................... 93
TABLE 40 PEA PROTEIN MARKET SIZE FOR CEREALS & SNACKS, BY COUNTRY/REGION, 2020–2029
(USD MILLION)......................................................................................................................... 94
TABLE 41 PEA PROTEIN MARKET SIZE FOR BEVERAGES, BY COUNTRY/REGION, 2020–2029

(USD MILLION)......................................................................................................................... 95
TABLE 42 PEA PROTEIN MARKET SIZE FOR PET FOODS, BY COUNTRY/REGION, 2020–2029 (USD MILLION) 97
TABLE 43 PEA PROTEIN MARKET SIZE FOR OTHER APPLICATIONS, BY COUNTRY/REGION, 2020–2029
(USD MILLION)......................................................................................................................... 98
TABLE 44 GLOBAL PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION) ......... 100
TABLE 45 GLOBAL PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (TONS) ..................... 101
TABLE 46 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (USD MILLION) ........ 102
TABLE 47 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (TONS) ................... 102
TABLE 48 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............... 103
TABLE 49 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .......................... 103
TABLE 50 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .......... 104
TABLE 51 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029
(USD MILLION)....................................................................................................................... 104
TABLE 52 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 104
TABLE 53 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .............. 105
TABLE 54 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .. 105
TABLE 55 U.S.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ................................... 107
TABLE 56 U.S.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .............................................. 107

Forecast to 2029
TABLE 57 U.S.: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .............................. 108
TABLE 58 U.S.: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ............... 108
TABLE 59 U.S.: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) ........ 108
TABLE 60 U.S.: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .................................. 109
TABLE 61 U.S.: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ...................... 109
TABLE 62 CANADA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION)............................ 111
TABLE 63 CANADA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ....................................... 111
TABLE 64 CANADA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ....................... 111
TABLE 65 CANADA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ........ 112
TABLE 66 CANADA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) . 112
TABLE 67 CANADA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION)........................... 112
TABLE 68 CANADA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .............. 113
TABLE 69 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (USD MILLION)...................... 114
TABLE 70 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (TONS) ................................. 114
TABLE 71 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............................ 115
TABLE 72 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ........................................ 115
TABLE 73 EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ........................ 115
TABLE 74 EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ......... 116
TABLE 75 EUROPE: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) .. 116
TABLE 76 EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ........................... 116
TABLE 77 EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ............... 117
TABLE 78 GERMANY: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ......................... 118
TABLE 79 GERMANY: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ..................................... 118
TABLE 80 GERMANY: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ..................... 119
TABLE 81 GERMANY: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION)...... 119
TABLE 82 GERMANY: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) 119
TABLE 83 GERMANY: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ........................ 120
TABLE 84 GERMANY: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ............ 120
TABLE 85 FRANCE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............................ 121
TABLE 86 FRANCE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ........................................ 121
TABLE 87 FRANCE: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ........................ 122
TABLE 88 FRANCE: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ......... 122
TABLE 89 FRANCE: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) .. 122

Forecast to 2029
TABLE 90 FRANCE: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ........................... 123
TABLE 91 FRANCE: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ............... 123
TABLE 92 U.K.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION)................................... 124
TABLE 93 U.K.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .............................................. 125
TABLE 94 U.K.: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .............................. 125
TABLE 95 U.K.: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ............... 125
TABLE 96 U.K.: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) ........ 126
TABLE 97 U.K.: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION).................................. 126
TABLE 98 U.K.: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION)...................... 126
TABLE 99 ITALY: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ................................ 127
TABLE 100 ITALY: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ........................................... 128
TABLE 101 ITALY: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ........................... 128
TABLE 102 ITALY: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ............ 128
TABLE 103 ITALY: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION)...... 129
TABLE 104 ITALY: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ............................... 129
TABLE 105 ITALY: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ................... 129
TABLE 106 SPAIN: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............................... 130
TABLE 107 SPAIN: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ........................................... 131
TABLE 108 SPAIN: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ........................... 131
TABLE 109 SPAIN: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION)............ 131
TABLE 110 SPAIN: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) ..... 132
TABLE 111 SPAIN: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .............................. 132
TABLE 112 SPAIN: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .................. 132
TABLE 113 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............... 133
TABLE 114 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .......................... 134
TABLE 115 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .......... 134
TABLE 116 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029
(USD MILLION)....................................................................................................................... 134
TABLE 117 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 135
TABLE 118 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .............. 135
TABLE 119 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .. 135
TABLE 120 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (USD MILLION) ............. 136
TABLE 121 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (TONS) ......................... 137

Forecast to 2029
TABLE 122 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) .................... 137
TABLE 123 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ................................ 138
TABLE 124 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ................ 138
TABLE 125 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) . 138
TABLE 126 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 139
TABLE 127 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ................... 139
TABLE 128 ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ....... 139
TABLE 129 CHINA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ............................... 141
TABLE 130 CHINA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .......................................... 141
TABLE 131 CHINA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .......................... 142
TABLE 132 CHINA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ........... 142
TABLE 133 CHINA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION)..... 142
TABLE 134 CHINA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .............................. 142
TABLE 135 CHINA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .................. 143
TABLE 136 JAPAN: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) .............................. 144
TABLE 137 JAPAN: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .......................................... 145
TABLE 138 JAPAN: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .......................... 145
TABLE 139 JAPAN: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) .......... 145
TABLE 140 JAPAN: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) .... 146
TABLE 141 JAPAN: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ............................. 146
TABLE 142 JAPAN: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ................. 146
TABLE 143 INDIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ................................ 148
TABLE 144 INDIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ............................................ 148
TABLE 145 INDIA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ............................ 148
TABLE 146 INDIA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) ............ 149
TABLE 147 INDIA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION) ...... 149
TABLE 148 INDIA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ............................... 149
TABLE 149 INDIA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ................... 150
TABLE 150 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ....................... 151
TABLE 151 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ................................... 152
TABLE 152 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ................... 152
TABLE 153 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION) .... 152
TABLE 154 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029 (USD MILLION)153

Forecast to 2029
TABLE 155 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ...................... 153
TABLE 156 AUSTRALIA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) .......... 153
TABLE 157 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION)....... 154
TABLE 158 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) .................. 155
TABLE 159 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) .. 155
TABLE 160 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029
(USD MILLION)....................................................................................................................... 155
TABLE 161 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 156
TABLE 162 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION)...... 156
TABLE 163 REST OF ASIA-PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029
(USD MILLION)....................................................................................................................... 156
TABLE 164 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ................ 158
TABLE 165 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS) ............................ 158
TABLE 166 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION) ............ 158
TABLE 167 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD
MILLION) ............................................................................................................................... 159
TABLE 168 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 159
TABLE 169 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) ............... 159
TABLE 170 LATIN AMERICA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION) ... 160
TABLE 171 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION) ..... 161
TABLE 172 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS)................. 161
TABLE 173 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION). 162
TABLE 174 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029
(USD MILLION)....................................................................................................................... 162
TABLE 175 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)....................................................................................................................... 162
TABLE 176 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION) .... 163
TABLE 177 MIDDLE EAST & AFRICA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029
(USD MILLION)....................................................................................................................... 163
TABLE 178 TOTAL NUMBER OF RECENT DEVELOPMENTS, BY KEY PLAYERS (2018–2021) ......................... 165

Forecast to 2029
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS................................................................................................................ 20
FIGURE 2 KEY SECONDARY SOURCES ...................................................................................................... 21
FIGURE 3 PRIMARY RESEARCH TECHNIQUES ........................................................................................... 22
FIGURE 4 KEY EXECUTIVES INTERVIEWED ............................................................................................... 23
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY-SIDE & DEMAND-SIDE) ................................... 24
FIGURE 6 MARKET SIZING AND GROWTH FORECAST APPROACH ............................................................. 25
FIGURE 7 PEA PROTEIN ISOLATES SEGMENT TO DOMINATE THE MARKET IN 2021 ................................... 29
FIGURE 8 YELLOW PEA PROTEIN SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST
PERIOD .................................................................................................................................... 30
FIGURE 9 CONVENTIONAL PEA PROTEIN SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE PEA
PROTEIN MARKET .................................................................................................................... 31
FIGURE 10 DRY PROCESSING SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE PEA PROTEIN
MARKET .................................................................................................................................. 32
FIGURE 11 LIQUID SEGMENT TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD ............ 33
FIGURE 12 NUTRITION AND HEALTH SUPPLEMENTS SEGMENT ACCOUNTED FOR THE LARGEST MARKET
SHARE IN 2021 ........................................................................................................................ 34
FIGURE 13 GLOBAL PEA PROTEIN MARKET GEOGRAPHIC SNAPSHOT ........................................................ 35
FIGURE 14 MARKET DYNAMICS ................................................................................................................. 37
FIGURE 15 AVERAGE PRICES OF PEA PROTEIN ISOLATES, BY REGION, 2020–2029 (USD/ TON) ................... 47
FIGURE 16 AVERAGE PRICES OF PEA PROTEIN CONCENTRATES, BY REGION, 2020–2029 (USD/TON) .......... 48
FIGURE 17 AVERAGE PRICES OF TEXTURED PEA PROTEIN, BY REGION, 2020–2029 (USD/TON) ................... 49
FIGURE 18 AVERAGE PRICES OF PEA PROTEIN HYDROLYSATE, BY REGION, 2020–2029 (USD/TON) ............ 50
FIGURE 19 AVERAGE PRICES OF PEA FLOUR, BY REGION, 2020–2029 (USD/TON) ....................................... 51
FIGURE 20 AVERAGE PRICES OF OTHERS PEA PROTEIN, BY REGION, 2020–2029 (USD/TON)....................... 52
FIGURE 21 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)............................................. 55
FIGURE 22 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (TONS) ........................................................ 56
FIGURE 23 GLOBAL PEA PROTEIN MARKET SIZE, BY SOURCE, 2022–2029 (USD MILLION) ........................... 70
FIGURE 24 GLOBAL PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2022–2029 (USD MILLION) ............ 74
FIGURE 25 GLOBAL PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2022–2029 (USD MILLION) ..... 79
FIGURE 26 GLOBAL PEA PROTEIN MARKET SIZE, BY FORM, 2022–2029 (USD MILLION) .............................. 82
FIGURE 27 GLOBAL PEA PROTEIN MARKET SIZE, BY APPLICATION, 2022–2029 (USD MILLION) .................. 85
FIGURE 28 GLOBAL PEA PROTEIN MARKET SIZE, BY REGION, 2022–2029 (USD MILLION)............................ 99
FIGURE 29 GLOBAL PEA PROTEIN MARKET SIZE, BY REGION, 2022–2029 (TONS) ..................................... 100

Forecast to 2029
FIGURE 30 KEY GROWTH STRATEGIES ADOPTED BY LEADING PLAYERS (2018–2021) ............................... 164
FIGURE 31 PEA PROTEIN MARKET: COMPETITIVE BENCHMARKING, BY TYPE ........................................... 166
FIGURE 32 ROQUETTE FRÈRES LE ROMARIN: FINANCIAL OVERVIEW (2020) .............................................. 167
FIGURE 33 CARGILL, INCORPORATED: FINANCIAL OVERVIEW (2020) ........................................................ 170
FIGURE 34 INGREDION INCORPORATED: FINANCIAL OVERVIEW (2020) ..................................................... 172
FIGURE 35 ARCHER DANIELS MIDLAND COMPANY: FINANCIAL OVERVIEW (2020) .................................... 174
FIGURE 36 DUPONT DE NEMOURS, INC.: FINANCIAL OVERVIEW (2020) ..................................................... 177
FIGURE 37 BURCON NUTRASCIENCE CORPORATION: FINANCIAL OVERVIEW (2020) .................................. 180
FIGURE 38 GLANBIA PLC: FINANCIAL OVERVIEW (2020) .......................................................................... 182

Forecast to 2029
1. RESEARCH METHODOLOGY
1.1. RESEARCH APPROACH

Meticulous Research® has employed a comprehensive and iterative research methodology for analyzing the global pea
protein market, focused on minimizing deviance and providing the most accurate estimates and forecasts possible. A six-
step process governs our research methodology: scope definition and research design, data collection, data validation, data
analysis, data triangulation, and data formulation.
FIGURE 1 RESEARCH PROCESS
Secondary Research—Annual Reports, SEC

Client Enquiries, Emerging Trends, Filings, Company Presentations, Regulations,
Recent Developments in the Global Market, Standardization Bodies, Academic Studies,
Conferences, and Market Due- diligence Third-party Sources, and Internal Database
SCOPE DEFINITION AND RESEARCH DESIGN DATA COLLECTION
Market Engineering, Historical

Primary Interviews with Market
Trends Analysis, Impact Analysis, Survey
Players, Distributors, Regulators,
Data Analysis, Participants Interview
Demand-side KOLs, and Vendors
Analysis, and Spending Analysis
DATA ANALYSIS DATA VALIDATION
Variance Check, Error Sampling,

Reassurance Check, Consistency
Check, and Final Quality Check
Top-down Bottom-up REPORT
DATA TRIANGULATION DATA FORMULATION
PUBLICATION
Source: Meticulous Research® Analysis
For this study, information was rigorously gathered from primary and secondary sources through several interviews with key
industry participants from the demand and supply sides, channel players, regulators, and standardization bodies. Data
gathered from these interviews and surveys was further analyzed and engineered to understand buying, spending, demand &
supply patterns, and estimate market sizes and forecasts.
Meticulous Research’s research methodology benefits strongly from the ability to crosscheck data from several different
industry-related perspectives and the company’s own research, reinforcing the integrity and veracity of the data.
Subsequently, multiple checkpoints are used to check for consistencies, error samples, and variances. Once the market data
passes the tests and checkpoints, a report is published and made available with our reseller partners and us.

Forecast to 2029
1.2. DATA COLLECTION & VALIDATION

1.2.1. SECONDARY RESEARCH
In compiling the secondary research data for this study, Meticulous Research ® conducted a comprehensive search of relevant
published information, including annual reports, SEC filings, investor presentations, magazines, associations, external
proprietary databases, and other available secondary sources. The company’s focused and disciplined approach to this
process, coupled with in-house expertise in secondary research, extensive proprietary in-house databases, and strong
knowledge capital ensure targeted and comprehensive results.
This data subsequently provides the basis for designing research questionnaires and interview discussion guides, identifying
data gaps, and selecting appropriate targets used in the primary research.
FIGURE 2 KEY SECONDARY SOURCES
KEY SECONDARY SOURCES
1 2 3
Market Positioning
Qualitative Information of Leading Players Market Size
• Company Websites, Press Releases, • Annual Reports and SEC Filings • Associations, Journals, Websites,
Annual Reports, and Investor Presentations • Company Websites and Press and Press Releases
• Paid Databases Releases • Public & Paid Databases
• Journals and Organizations & Associations • Public and Paid Databases • Annual Reports, SEC Filings, and
• World Resources Institute (WRI) • Meticulous Research Data Repository Company Investor Presentations
• National Health and Nutrition Examination Survey • Meticulous Research Data
• National Institutes of Health Repository
• World Health Organization (WHO)
• The World Bank Group
• Organisation for Economic Co-operation and
Development (OECD)
• Plant Based Foods Association
• The Good Food Institute
• United States Department of Agriculture (USDA)
• Food and Agriculture Organization of the United
Nations (FAO)
• European Commission

Forecast to 2029
1.2.2. PRIMARY RESEARCH

A key element in Meticulous Research’s® research methodology is the primary data collection phase that includes direct
discussions and interviews with a broad base of key opinion leaders (KOLs) throughout the value chain across the globe.
Meticulous Research® has an established panel of executives and managers, technical experts, and other industry experts,
such as suppliers, distributors, and end users. Access to such specialists, market data, market insights, trends, and
alternative perspectives throughout the value chain ensures that the analysis conducted by Meticulous Research® is
thorough, robust, verified, and usable.
FIGURE 3 PRIMARY RESEARCH TECHNIQUES
CATI
Telephonic
Interviews
Web-based
Questionnaires
CAWI
CASI
PRIMARY RESEARCH
Survey through E-Mails TECHNIQUES
(Word, Excel, etc.)
Video Interviews (Skype,

WebEx, etc.)
CAVI
In the primary research process for this research study, industry experts such as CEOs, presidents, directors, business
managers, marketing managers, and related key executives from various key companies and organizations throughout the
value chain across the globe have been interviewed, to obtain and verify both qualitative and quantitative aspects of this
research study.

Forecast to 2029
Some major objectives of the primary research process were as follows:
• To validate the market segmentation defined during the secondary research by assessing the product offerings of leading
market players.
• To gather both demand- and supply-side validation of key factors affecting market growth i.e., market drivers, restraints,
opportunities, and challenges.
• To understand the impacts of key industry trends and technologies defining the strategic growth objectives of market
players.
• To validate the assumptions for the market sizing and forecasting models.
• To understand the market positions/market shares/market rankings of leading players.
FIGURE 4 KEY EXECUTIVES INTERVIEWED
8 1
CXOs—Preferably Product Managers
COOs/CIOs/ CEOs
7 2
External
Consultants Product
Marketing Leaders
PROFESSIONALS
INTERVIEWED
FOR THIS PROJECT
Regional Sales Technology
Managers Scientists
6 3
Program/
Vice Presidents Project Heads
5 4

Forecast to 2029
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY-SIDE & DEMAND-SIDE)
BY COMPANY TYPE BY DESIGNATION BY GEOGRAPHY
9% 5%
5% 11%
30%
34%
9% 36%
20%
N=56 N=56 N=56
66% 20%
27%
29%
Senior Managers
Head of Sales/Marketing Asia-Pacific Europe
Supply-side Demand-side
Sales Executives Middle East & Africa North America
Vice Presidents
Latin America
Directors
Others
Note: Other designations interviewed for the study include CXOs, external
consultants, operation/product managers, application specialists, and
company divisional heads, among others.

Forecast to 2029
1.3. MARKET ASSESSMENT

1.3.1. MARKET SIZE ESTIMATION
The market size estimates and forecasts provided in this study have been derived through a mix of a bottom-up approach
(revenue share analysis of leading players) and a top-down approach (assessment of utilization/adoption/penetration trends,
and pricing, by type, crop type, source process, form, application, and geography).
FIGURE 6 MARKET SIZING AND GROWTH FORECAST APPROACH
TOP-DOWN
Modeling & Forecasting
PRIMARY MACRO
INTERVIEWS INFLUENCES
Project In-house
DEMAND-SIDE Management Expertise SUPPLY-SIDE
MICRO SECONDARY
FACTORS SOURCES
Data Checks
BOTTOM-UP
1.3.1.1. BOTTOM-UP APPROACH

In this report, the global market size for pea protein was determined using the revenue share analysis of leading market
players. For this, major players in the market were identified through secondary research. Their revenues from the pea protein
business were determined through various insights gathered during the primary and secondary research phases. After
assessing their individual/collective market shares, the total market size for pea protein was determined. This market size
was also validated at different levels through insights from both the demand- and supply-side KOLs.
The revenue share analysis was employed wherever feasible to arrive at segmental market sizes by identifying leading players
in the respective categories.

Forecast to 2029
1.3.1.2. TOP-DOWN APPROACH

A top-down approach was employed to derive segmental shares for the pea protein market by type, crop type, source process,
form, and application. These were determined by assigning weightages, based on utilization rates/product penetration and
average selling price.
The regional splits of the overall pea protein market and its subsegments are based on the adoption/utilization rates of the
given products in the respective regions or countries. Analogy benchmarking-based market estimation and forecasting
techniques were used for countries with limited availability of reliable data and a lack of indicators.
1.3.1.3. GROWTH FORECAST

The market forecasts provided in this study were derived after a detailed assessment of various quantitative and qualitative
factors, such as the historical revenue growth trends of leading players; major market growth drivers and restraints, and their
impacts over the forecast period and relevant macroeconomic & microeconomic indicators. The impacts of various
competitive strategic developments, such as new product launches & approvals, geographic expansions, and mergers &
acquisitions, have also been considered in the growth forecasts provided in this study.
The market forecasts provided in this study do not account for the effects of inflation, economic downturns, exchange rate
fluctuations, and any unforeseen regulatory and policy changes that may occur over the forecast period.
1.4. ASSUMPTIONS FOR THE STUDY

• The year-on-year revenue growth of companies has been considered to estimate the growth rate of the overall market.
• Between 2018 and 2021, several companies launched new products in the global pea protein market. The trend is expected
to continue during the forecast period, positively impacting market growth during the forecast period.
• Rising interest in plant-based protein, growing health and wellness trend, increasing plant-based food market, rising
consumer awareness regarding nutritional benefits offered by pea and pea-based products, and advancements in
extraction and processing technologies are considered to have positive impacts on the adoption of pea protein.
• The CAGR for the forecast period has been normalized, and the effects of inflation, recession, economic downturns,
unforeseen regulatory or policy changes that may occur during the forecast period and other contingent factors have not
been considered.
• The global political environment has been assumed to remain stable during the forecast period.

Forecast to 2029
1.5. LIMITATIONS FOR THE STUDY

• Some companies in this market are privately owned, and their revenues are not available in the public domain. Hence,
revenue values for such companies have not been provided in this study.
• Company developments not reported in the public domain are not included in this study.
• The market share analysis of the pea protein market is not included in this study.

Forecast to 2029
2. MARKET INSIGHTS
2.1. INTRODUCTION
The global pea protein market is estimated to reach USD XX million by 2022 and is poised to register a CAGR of XX% to reach
USD XX million by 2029. The growth of this market is mainly attributed to the rising interest in plant-based nutrition, growing
health and wellness trends, the increasing plant-based food market, the rise in consumer awareness regarding nutritional
benefits offered by pea and pea-based products, and the accelerated focus of key players on the development of innovative
pea protein ingredients.
In addition, growth opportunities in emerging markets and the increasing launches of pea protein-based products provide
significant growth opportunities for manufacturers in the global pea protein market. However, the significant preference for
animal-based proteins worldwide restrains the growth of this market to a notable extent.
FIGURE 7 MARKET DYNAMICS
• Rising interest in plant-based nutrition

• Growing health and wellness trend
DRIVERS • Increasing plant-based food market
• Rising consumer awareness regarding nutritional benefits offered
by pea and pea-based products
• Accelerated focus of key players on the development of innovative
pea protein ingredients
RESTRAINTS
• Significant preference for animal-based products
MARKET OPPORTUNITIES • Growth opportunities in emerging markets

DYNAMICS • Increasing launching of pea protein-based products
TRENDS
• Growing investments in the pea protein market
CHALLENGES
• Consumer preference for other plant proteins over pea
protein

Forecast to 2029
2.2. DRIVERS
TABLE 1 GLOBAL PEA PROTEIN MARKET DRIVERS: IMPACT ANALYSIS (2022–2029)
Driver Short Term (1–2 Years) Medium Term (3–4 Years) Long Term (5–7 Years)
Rising Interest in Plant-based Nutrition XX XX XX
Growing Health and Wellness Trend XX XX XX
Increasing Plant-based Food Market XX XX XX
Rising Consumer Awareness Regarding Nutritional

XX XX XX
Benefits Offered by Pea and Pea-based Products
Accelerated Focus of Key Players on the

XX XX XX
Development of Innovative Pea Protein Ingredients
2.2.1. RISING INTEREST IN PLANT-BASED NUTRITION

Alongside the growing risk profile of livestock production, many well-established animal-based product manufacturers are
increasingly under pressure from civil society groups and new food business players that market their plant ingredient-based
products as more ethical and sustainable protein sources.
In recent years, there has been significant growth in consumer awareness of plant-based nutrition. According to the Food and
Health Survey of American consumers by the International Food Information Council Foundation in 2021, more than XX% of
the survey participants said they perceived protein from plant sources as healthy. This protein diversification has the potential
to transform a food company’s principal business and value proposition due to its growth, profitability, risk exposure, and
ability to compete and innovate.
Furthermore, companies across the food value chain, from producers to retailers, are already investing in these opportunities.
Some companies are hedging against or preparing for the decline of demand for animal products by investing in other
companies that produce alternatives. In the plant protein value chain space, plant protein ingredient manufacturers have
received investments or funding from several high-profile individuals, financial investors, and companies in the past few
years. Some of these developments are:
• In September 2021, Roquette invested USD XX million in a plant protein R&D center in Vic-sur-Aisne, France. This 21,000-
square-foot facility is expected to develop new pea and wheat proteins at the center to bring plant-based innovation up to
a new level.
• In May 2020, Danone announced the commercial availability of its Vega One plant-based protein products in China, with
the Vega One Sport designed for sports enthusiasts in the country. This product contains a mix of proteins derived from
different sources, including pumpkin seeds, alfalfa, sunflower, and peas.
• In May 2019, Burcon NutraScience Corporation, a company engaged in developing functionally and nutritionally valuable
plant proteins, signed a joint venture partnership with an investor group to build a new CAD XX million (USD XX million)
pea-protein and canola-protein commercial production facility in Western Canada. The plant will deliver Burcon's Peazac
and Peazazz pea proteins and Nutratein, Puratein, and Supertein canola proteins.

Forecast to 2029
• In June 2018, Roquette Frères Le Romain announced its plans to invest EUR XX million (USD XX million) in its facility in
Vic-sur-Aisne to increase its pea processing capacity and meet the fast-growing global demand for pea protein.
Thus, growing investments by venture capitalists in the plant-based protein sector and the increasing availability of innovative
protein products to market are supporting the growth of the plant-based protein industry and increasing focus of leading
animal protein-based supplement producers to build a portfolio of investments in plant protein space which drives the growth
of the global pea protein market.

Forecast to 2029
3. THE IMPACT OF COVID-19 ON THE PEA PROTEIN MARKET
The outbreak of the COVID-19 pandemic significantly affected the food & beverages sector. The pandemic disrupted travel,
manufacturing, services, healthcare, and supply chains, negatively impacting the global financial markets. Although the world
has begun to transition towards normalcy, some parts of the world are still struggling due to the emergence of new variants
and new COVID-19 cases.
Numerous pea manufacturers are focusing on the continuity of business and developing life-sustaining food, health
supplements, and superfoods in an effort to provide customers with products comprising high nutritional values amidst the
COVID-19 pandemic.
COVID-19 Accelerating Pea Protein Transition

The COVID-19 crisis led people to re-evaluate their diets as consumers started transitioning to healthier eating habits in an
effort to build immunity. The demand for products with pea protein increased significantly amidst the pandemic; hence,
boosting the pea protein market. The growing demand for pea protein is largely driven by the shortage of meat and processed
meat products in various regions, the growing uncertainty amongst consumers regarding meat consumption amidst the
pandemic, and the growing inclination toward a healthier lifestyle.
At the beginning of the COVID-19 pandemic, manufacturers faced challenges in sourcing peas for further processing and
supplying their products to food & beverage companies. In addition, consumers purchased only essential products, such as
groceries, medicines, and fruits and vegetables. Thus, the supply chain for pea protein was disrupted.
However, in recent months, companies gradually started reopening to fulfill the demand for pea-based protein as many
government bodies include the food and agro sector as an essential. For instance, despite the increasing COVID-19 cases in
the U.S., the U.S. pea industry operates near full capacity.
The U.S. Department of Homeland Security (DHS) has classified the food and agriculture sectors as essential infrastructure
and the U.S. Department of Agriculture (USDA) continues working to ensure access, resources, and safety are prioritized.
U.S. railroads, barge operations, trucking companies, and other necessary infrastructure and logistical support remain
functioning at full capacity to support the ongoing efforts by pea processors, agricultural export facilities, grain inspectors,
and U.S. pea farmers. Hence, government support to promote protein ingredients is expected to boost the pea protein market.

Forecast to 2029
Increased Focus on Sustainable Eating

The trend of healthy eating has gained traction in recent years, significantly driving the formulation of healthy products. Pea
proteins are emerging as a driving ingredient in the formation of alternative dairy and meat industry and health supplements
due to their natural high protein content with other nutritional qualities and comparatively low price than other novel proteins.
In response to the COVID-19 pandemic, consumers are increasingly demanding new and sustainable eating practices that
offer immunity-boosting benefits as a preventive measure. The pea protein-based food industry is witnessing a rapid surge
in demand for immune-boosting products.
According to the International Food Information Council’s (IFIC) 2020 Food and Health Survey, in 2020, XX% of the participants
increased protein consumption from plant sources, and XX% of respondents consumed more plant-based meat alternatives.
Nearly XX% of consumers preferred protein from plant sources. Thus, the rising demand for pea protein-based products in
response to sustainable eating during this pandemic is expected to boost the growth of the pea protein market.
However, many manufacturers expect to witness short-term COVID-19 impacts, such as the slowdown in new product
launches, lower sales in restaurants and cafeterias, supply chain disruptions, and investment dependency.

Forecast to 2029
4. GLOBAL PEA PROTEIN MARKET, BY TYPE
4.1. INTRODUCTION
Based on type, the pea protein market is divided into pea protein isolates, pea protein concentrates, textured pea protein, pea
protein hydrolysate, pea flour, and other pea proteins.
In 2021, the pea protein isolates segment accounted for the largest share of XX% of the global pea protein market. The large
share of this segment is mainly attributed to its high protein content and high emulsification and stability properties; and
increased application areas, including high-performance nutrition products and snack products. This segment is also
expected to grow at the fastest CAGR of XX% during the forecast period due to its high demand from plant-based product
manufacturers.
FIGURE 8 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)

XX XX%
XX%
XX
XX%
Market Size ($Million)
XX XX%
XX%
XX
XX%
XX XX%
XX%
XX
XX%
XX XX%
Pea Protein Pea Protein Textured Pea Pea Protein Pea Flour Other Pea Protein
Isolates Concentrates Protein Hydrolysate

Forecast to 2029
TABLE 2 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)
Type 2020 2021 2022 2029 CAGR (2022–2029)
Pea Protein Isolates XX XX XX XX XX%
Pea Protein Concentrates XX XX XX XX XX%
Textured Pea Protein XX XX XX XX XX%
Pea Protein Hydrolysate XX XX XX XX XX%
Pea Flour XX XX XX XX XX%
Others Pea Protein XX XX XX XX XX%
Total XX XX XX XX XX%
In terms of value, the pea protein isolates segment accounted for the largest share of XX% of the global pea protein market
in 2021. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of
XX% during the forecast period.
FIGURE 9 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (TONS)

XX XX%
XX XX%
XX
XX%
Market Size (Tons)
XX
XX%
XX
XX%
XX
XX%
XX
XX%
XX
XX XX%
XX XX%
Pea Protein Isolates Pea Protein Textured Pea Pea Protein Pea Flour Others Pea Protein
Concentrates Protein Hydrolysate

Forecast to 2029
TABLE 3 PEA PROTEIN MARKET SIZE, BY TYPE, 2022–2029 (TONS)
Type 2020 2021 2022 2029 CAGR (2022–2029)
Pea Protein Isolates XX XX XX XX XX%
Pea Protein Hydrolysate XX XX XX XX XX%
Others Pea Protein XX XX XX XX XX%
In terms of volume, the pea protein concentrates segment accounted for the largest share of XX% of the global pea protein
market in 2021. This segment is projected to reach XX tons by 2029 from an estimated XX tons in 2022, at a CAGR of XX%
during the forecast period.

Forecast to 2029
5. GLOBAL PEA PROTEIN MARKET, BY SOURCE PROCESS
5.1. INTRODUCTION
Based on source process, the pea protein market is segmented into conventional pea protein and organic pea protein. In
2021, the conventional pea protein segment accounted for the larger share of XX% of the overall pea protein market. The
large share of this segment is attributed to its lower price, longer shelf life, higher yield, and higher availability of substantial
conventional crop varieties.
However, the organic pea protein segment is expected to grow at a higher CAGR of XX% during the forecast period. The rapid
growth of this segment is mainly attributed to the growing preference for organic products, the rising trend of clean label
products, and the increasing number of certified organic pea produce farms.
FIGURE 10 GLOBAL PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2022–2029

(USD MILLION)
XX XX%
XX%
XX
XX%
XX%
XX
XX%
XX XX%
XX%
XX
XX%
XX%
XX
XX%
XX XX%
Conventional Pea Protein Organic Pea Protein
TABLE 4 GLOBAL PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION)
Source Process 2020 2021 2022 2029 CAGR (2022–2029)
Conventional Pea Protein XX XX XX XX XX%
Organic Pea Protein XX XX XX XX XX%
In 2021, the conventional pea protein segment accounted for the larger share of XX% of the global pea protein market. This
segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during
the forecast period.

Forecast to 2029
6. GLOBAL PEA PROTEIN MARKET, BY APPLICATION
6.1. INTRODUCTION
Based on application, the pea protein market is segmented into nutrition & health supplements, meat & alternative meat
products, bakery products, dairy & dairy alternatives, cereals & snacks, beverages, pet food, and others.
In 2021, the nutrition & health supplements segment accounted for the largest share of XX% of the global pea protein market.
The large share of this segment is mainly attributed to factors, such as rising incidences of diseases due to improper nutrition,
the benefits offered by pea protein in nutrition and sports performance products, and growing health and wellness trends. In
addition, the rising demand for high-protein nutritional & health supplements for weight management, muscle building, and
patients undergoing treatments further supports the growth of this segment.
However, the meat & alternative meat products segment is expected to witness a significant growth of XX% during the
forecast period. The high growth rate of this segment is mainly attributed to the growing vegan population, the increasing
number of product launches, and the rising incidences of meat-borne diseases.
FIGURE 11 GLOBAL PEA PROTEIN MARKET SIZE, BY APPLICATION, 2022–2029 (USD MILLION)
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
Nutrition & Meat & Bakery Products Dairy & Dairy Cereals & Snacks Beverages Pet Food Other
Health Alternative Meat Alternatives Applications
Supplements Products

Forecast to 2029
TABLE 5 GLOBAL PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION)
Application 2020 2021 2022 2029 CAGR (2022–2029)
Nutrition & Health Supplements XX XX XX XX XX%
Meat & Alternative Meat Products XX XX XX XX XX%
Bakery Products XX XX XX XX XX%
Dairy & Dairy Alternatives XX XX XX XX XX%
Cereals & Snacks XX XX XX XX XX%
Beverages XX XX XX XX XX%
Pet Food XX XX XX XX XX%
Other Applications XX XX XX XX XX%
In 2021, the nutrition & health supplements segment accounted for the largest share of XX of the global pea protein market.
This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX%

Forecast to 2029
7. PEA PROTEIN MARKET, BY GEOGRAPHY
7.1. INTRODUCTION
Based on geography, the pea protein market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin
America, and the Middle East & Africa. In 2021, North America accounted for the largest share of XX% of the global pea
protein market. This market is estimated to be valued at USD XX million in 2022 and is projected to grow at a CAGR of XX%
during the forecast period to reach USD XX million by 2029. The large market share of North America is attributed to the well-
established food and beverage industry, huge pea production, and the large presence of pea protein manufacturers in the
region, the rising concerns over animal products and protein, the increasing vegan population, the growing preference for
meat alternatives, and the increasing demand for healthy & nutritional products.
However, the Asia-Pacific pea protein market is expected to record the highest CAGR of XX% during the forecast period to
reach USD XX million by 2029. The high market growth in Asia-Pacific is mainly attributed to the increasing awareness
regarding the importance of protein-rich diet and the increasing health consciousness amongst consumers in the region, the
booming food & beverages industry, rapid urbanization, the large base of vegan population, and the increasing number of new
product launches containing pea protein.
FIGURE 12 GLOBAL PEA PROTEIN MARKET SIZE, BY REGION, 2022–2029 (USD MILLION)
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
XX XX%
North America Europe APAC Latin America Middle East & Africa

Forecast to 2029
TABLE 6 GLOBAL PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (USD MILLION)
Country/Region 2020 2021 2022 2029 CAGR (2022–2029)
U.S. XX XX XX XX XX%
Canada XX XX XX XX XX%
Germany XX XX XX XX XX%
France XX XX XX XX XX%
U.K. XX XX XX XX XX%
Italy XX XX XX XX XX%
Spain XX XX XX XX XX%
China XX XX XX XX XX%
Japan XX XX XX XX XX%
India XX XX XX XX XX%
Australia XX XX XX XX XX%
Latin America XX XX XX XX XX%
Middle East & Africa XX XX XX XX XX%
Other Countries XX XX XX XX XX%
In terms of value, the U.S. accounted for the largest share of XX% of the global pea protein market in 2021. This market is
projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during the forecast
period.
FIGURE 13 GLOBAL PEA PROTEIN MARKET SIZE, BY REGION, 2022–2029 (TONS)
XX XX%
XX XX%
XX
XX%
Market Size (Tons)
XX
XX%
XX
XX%
XX
XX%
XX
XX%
XX
XX XX%
XX XX%
North America Europe APAC Latin America Middle East & Africa

Forecast to 2029
TABLE 7 GLOBAL PEA PROTEIN MARKET SIZE, BY COUNTRY/REGION, 2020–2029 (TONS)
Country/Region 2020 2021 2022 2029 CAGR (2022–2029)
Germany XX XX XX XX XX%
France XX XX XX XX XX%
U.K. XX XX XX XX XX%
Italy XX XX XX XX XX%
Spain XX XX XX XX XX%
China XX XX XX XX XX%
Japan XX XX XX XX XX%
India XX XX XX XX XX%
Australia XX XX XX XX XX%
Latin America XX XX XX XX XX%
Middle East & Africa XX XX XX XX XX%
Other Countries XX XX XX XX XX%
In terms of volume, the U.S. accounted for the largest share of XX% of the global pea protein market in 2021. This market is
projected to reach XX tons by 2029 from an estimated XX tons in 2022, at a CAGR of XX% during the forecast period.

Forecast to 2029
7.2. NORTH AMERICA

In 2021, North America accounted for a share of XX% of the global pea protein market. This market is projected to reach USD
XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during the forecast period.
The changing trends, such as low carb, go green, gluten-free, soy-free, and clean label, increase pea protein applications in
functional food, nutritional & health supplements, infant formula, and animal feed products, driving the North American pea
protein market. There is increasing popularity of meat and dairy substitutes due to growing concern about animal cruelty
catering to the application proliferation of pea protein in plant-based products and supplements industry. Additionally, as
consumers across North America pay more attention to the label claims on the food and beverage products they purchase,
protein is one of the claims which has gained momentum among consumers in recent years. These factors fuel the growth
of pea protein in North America.
The key players operating in the pea protein market in North America are Roquette Freres Le Romarin (France), AGT Food and
Ingredients Inc. (Canada), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Du Pont de Nemours and
Company (U.S.), Ingredion Inc. (U.S.), Axiom Foods Inc. (U.S.), Burcon Nutrascience Corporation (Canada), Glanbia plc.
(Ireland), Sotexpro SA (France), Farbest Brands/Farbest-Tallman Foods Corporation (U.S.), and Nutri-Pea Limited (Canada).
TABLE 8 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029

(USD MILLION)
Country 2020 2021 2022 2029 CAGR (2022–2029)
In terms of value, the U.S. accounted for the larger share of X% of the pea protein market in North America in 2021. This
market is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during the
forecast period.
TABLE 9 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2020–2029 (TONS)
Country 2020 2021 2022 2029 CAGR (2022–2029)
In terms of volume, the U.S. accounted for the larger share of XX% of the pea protein market in North America in 2021. This
market is projected to reach XX tons by 2029 from an estimated XX tons in 2022, at a CAGR of XX% during the forecast period.

Forecast to 2029
TABLE 10 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION)
Type 2020 2021 2022 2029 CAGR (2022–2029)
Pea Protein Isolate XX XX XX XX XX%
Hydrolyzed Pea Protein XX XX XX XX XX%
Other Pea Protein XX XX XX XX XX%
In terms of value, the pea protein isolates segment accounted for the largest share of XX% of the pea protein market in North
America in 2021. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a
CAGR of XX% during the forecast period.
TABLE 11 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS)
Type 2020 2021 2022 2029 CAGR (2022–2029)
In terms of volume, the pea protein concentrates segment accounted for the largest share of XX% of the pea protein market
in North America in 2021. This segment is projected to reach XX tons by 2029 from an estimated XX tons in 2022, at a CAGR
of XX% during the forecast period.

Forecast to 2029
TABLE 12 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION)
Source 2020 2021 2022 2029 CAGR (2022–2029)
Yellow Pea XX XX XX XX XX%
Green Pea XX XX XX XX XX%
In 2021, the yellow pea segment accounted for the larger share of XX% of the pea protein market in North America. This
TABLE 13 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029
(USD MILLION)
In 2021, the conventional pea protein segment accounted for the larger share of XX% of the pea protein market in North
America. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of
TABLE 14 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029
(USD MILLION)
Processing Method 2020 2021 2022 2029 CAGR (2022–2029)
Dry Processing XX XX XX XX XX%
Wet Processing XX XX XX XX XX%
In 2021, the dry processing method segment accounted for the larger share of XX% of the pea protein market in North
America. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of

Forecast to 2029
TABLE 15 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION)
Form 2020 2021 2022 2029 CAGR (2022–2029)
Solid XX XX XX XX XX%
Liquid XX XX XX XX XX%
In 2021, the solid segment accounted for the larger share of XX% of the pea protein market in North America. This segment
is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during the forecast
period.
TABLE 16 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029

(USD MILLION)
In 2021, the nutrition & health supplements segment accounted for the largest share of XX% of the pea protein market in
North America. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a
CAGR of XX% during the forecast period.
7.2.1. U.S.
In 2021, the U.S. accounted for a share of XX% of the North American pea protein market. This market is projected to reach
USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX% during the forecast period.
In higher-income countries, people are increasing their protein consumption to help manage their weight, build strength, and
avoid age-related muscle loss. According to the United States Department of Agriculture (USDA), the U.S. functional foods
market was valued at USD XX billion in 2015 and grew to USD XX billion in 2019, an increase of XX%. The U.S. has a well-
established sector for nutrition & health supplements and food & beverages. Major factors influencing the growth of these
industries are the aging population, strong economic growth, technological advancements, research & development, and

Forecast to 2029
continuous innovations. Also, in recent years, personal health and wellness have begun to take center stage amongst U.S.
consumers, and health supplements and food play an important role in this trend.
The U.S. food and beverage industry is extremely large and booming. The demand for pea protein in the country is increasing
in the food industry due to the consumers' holistic view of health & nutrition, which results in increasing demand for healthy,
nutritious, novel, and functional food. Furthermore, the demand for functional, healthy, and nutritional food products is
increasing due to the factors such as the growing awareness of diet & health, maintenance of good health through diet,
increasing per capita income, changing lifestyle & food consumption patterns, and increasing number of people with obesity.
Also, in recent years the U.S. bakery industry has undergone significant changes as it responds to shifting consumer trends—
particularly the growing preference for products providing health benefits and convenience, which further creates a demand
for pea protein from bakery manufacturers.
In addition, the meat & poultry processing industry is one of the largest segments of the U.S. food industry. According to the
United States Department of Agriculture (USDA), per capita meat consumption in the U.S. increased from XX pounds in 2010
to XX pounds in 2019, an increase of XX pounds or XX% between 2010–2019; this per capita meat consumption in the country
is further expected to increase to approximately XX pounds by 2025.
Plant-based food retail sales were worth USD XX billion in 2021, posting a XX% growth rate from 2020 overall for products
that specifically replace animal-derived options in the U.S. In addition, according to SPINS data released by the Good Food
Institute and the Plant Based Foods Association (PBFA), XX% of U.S. households purchased plant-based food in 2021, up
from XX% in 2019. This increase in the functional food market, meat consumption, and plant-based products sales show the
potential for the pea protein market in the U.S. because of their nutritional and functional benefits.
Furthermore, pea ingredients find their usage in several applications, including cereals, flour, protein bars, health drinks, and
animal feed. Farmers in the U.S. are looking for new cash crop options and have been responding to the increasing demand
for plant-based proteins in the food and specialty pet food market. According to USDA, dry edible pea production in the U.S.
was XX million CWT in 2019 (XX million CWT in 2018). Some food ingredient companies are already making inroads on acres.
For instance, in 2020, PURIS contracts with growers in 14 states to manufacture plant-based ingredients made from non-GMO
soybeans, pulses, lentils, peas, and corn. In the U.S., PURIS's growers accounted for more than 300,000 acres planted of peas
and other pulses in 2020.
According to USDA, the U.S. area planted with dry edible pea was XX thousand acres in 2019, up XX% from 2018. This
increasing focus of key players to increase the supply of raw material along with rising production and increasing focus by
farmers on cash crops, such as pea, eventually drives the market for pea protein.
The key players operating in the U.S. pea protein market are Roquette Freres Le Romarin (France), AGT Food and Ingredients
Inc. (Canada), Cargill, Incorporated (U.S), Archer Daniels Midland Company (U.S.), E.I. Du Pont de Nemours and Company

Forecast to 2029
(U.S.), Ingredion Inc. (U.S.), Axiom Foods Inc. (U.S.), Farbest Brands/Farbest-Tallman Foods Corporation (U.S.), and World
Food Processing LLC. (U.S.).
TABLE 17 U.S.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (USD MILLION)
Type 2020 2021 2022 2029 CAGR (2022–2029)
In terms of value, the pea protein isolates segment accounted for the largest share of XX% of the pea protein market in the
U.S. in 2021. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR
of XX% during the forecast period.
TABLE 18 U.S.: PEA PROTEIN MARKET SIZE, BY TYPE, 2020–2029 (TONS)
Type 2020 2021 2022 2029 CAGR (2022–2029)
In terms of volume, the pea protein concentrates segment accounted for the largest share of XX% of the pea protein market
in the U.S. in 2021. This segment is projected to reach XX tons by 2029 from an estimated XX tons in 2022, at a CAGR of XX%

Forecast to 2029
TABLE 19 U.S.: PEA PROTEIN MARKET SIZE, BY SOURCE, 2020–2029 (USD MILLION)
Source 2020 2021 2022 2029 CAGR (2022–2029)
Yellow Pea XX XX XX XX XX%
Green Pea XX XX XX XX XX%
In 2021, the yellow pea segment accounted for the larger share of XX% of the pea protein market in the U.S. This segment is
period.
TABLE 20 U.S.: PEA PROTEIN MARKET SIZE, BY SOURCE PROCESS, 2020–2029 (USD MILLION)
In 2021, the conventional pea protein segment accounted for the larger share of XX% of the pea protein market in the U.S.
This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX%
TABLE 21 U.S.: PEA PROTEIN MARKET SIZE, BY PROCESSING METHOD, 2020–2029

(USD MILLION)
Processing Method 2020 2021 2022 2029 CAGR (2022–2029)

Dry Processing XX XX XX XX XX%
Wet Processing XX XX XX XX XX%
In 2021, the dry processing method segment accounted for the larger share of XX% of the pea protein market in the U.S. This

Forecast to 2029
TABLE 22 U.S.: PEA PROTEIN MARKET SIZE, BY FORM, 2020–2029 (USD MILLION)
Form 2020 2021 2022 2029 CAGR (2022–2029)
Solid XX XX XX XX XX%
Liquid XX XX XX XX XX%
In 2021, the solid segment accounted for the larger share of XX% of the pea protein market in the U.S. This segment is
period.
TABLE 23 U.S.: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2020–2029 (USD MILLION)
In 2021, the nutrition & health supplements segment accounted for the largest share of XX% of the pea protein market in the
U.S. This segment is projected to reach USD XX million by 2029 from an estimated USD XX million in 2022, at a CAGR of XX%

DISCLAIMER
Forecast to 2029
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PEA PROTEIN MARKET

© Meticulous Research | sales@meticulousresearch.com Page 1 of 46

2. RESEARCH METHODOLOGY _______________________________________________________________ 20

2.3. MARKET ASSESSMENT _____________________________________________________________________________ 25

2.3.1.2. TOP-DOWN APPROACH _________________________________________________________________________________________ 26

2.3.1.3. GROWTH FORECAST ____________________________________________________________________________________________ 26

2.4. ASSUMPTIONS FOR THE STUDY _____________________________________________________________________ 26

3. EXECUTIVE SUMMARY ____________________________________________________________________ 28

3.2.2. PEA PROTEIN MARKET, BY SOURCE _________________________________________________________________________ 30

3.2.3. PEA PROTEIN MARKET, BY SOURCE PROCESS _______________________________________________________________ 31

3.2.6. PEA PROTEIN MARKET, BY APPLICATION ___________________________________________________________________ 34

3.3. PEA PROTEIN MARKET: REGIONAL ANALYSIS ________________________________________________________ 35

© Meticulous Research | sales@meticulousresearch.com Page 2 of 46

4. MARKET INSIGHTS ________________________________________________________________________ 37

4.2.2. GROWING HEALTH AND WELLNESS TREND __________________________________________________________________ 39

4.2.3. INCREASING PLANT-BASED FOOD MARKET __________________________________________________________________ 40

4.2.5. ACCELERATED FOCUS OF KEY PLAYERS ON DEVELOPMENT OF INNOVATIVE PEA PROTEIN

4.3. RESTRAINTS _______________________________________________________________________________________ 43

4.5. OPPORTUNITIES ____________________________________________________________________________________ 44

4.5.2. INCREASING LAUNCHING OF PEA PROTEIN-BASED PRODUCTS_______________________________________________ 45

4.6. TRENDS ____________________________________________________________________________________________ 46

4.7. PRICING ANALYSIS _________________________________________________________________________________ 46

4.7.3. PEA PROTEIN CONCENTRATES ______________________________________________________________________________ 48

4.7.4. TEXTURED PEA PROTEIN ____________________________________________________________________________________ 49

4.7.6. PEA FLOUR _________________________________________________________________________________________________ 51

4.7.7. OTHERS PEA PROTEIN ______________________________________________________________________________________ 52

5. THE IMPACT OF COVID-19 ON THE PEA PROTEIN MARKET __________________________________ 53

6. GLOBAL PEA PROTEIN MARKET, BY TYPE __________________________________________________ 55

6.1.3. TEXTURED PEA PROTEIN ____________________________________________________________________________________ 61

6.1.4. PEA PROTEIN HYDROLYSATE _______________________________________________________________________________ 63

6.1.6. OTHER PEA PROTEIN _______________________________________________________________________________________ 67

© Meticulous Research | sales@meticulousresearch.com Page 3 of 46

7. GLOBAL PEA PROTEIN MARKET, BY SOURCE _______________________________________________ 70

8. GLOBAL PEA PROTEIN MARKET, BY SOURCE PROCESS _____________________________________ 74

9. GLOBAL PEA PROTEIN MARKET, BY PROCESSING METHOD _________________________________ 79

10. GLOBAL PEA PROTEIN MARKET, BY FORM _________________________________________________ 82

11. GLOBAL PEA PROTEIN MARKET, BY APPLICATION __________________________________________ 85

© Meticulous Research | sales@meticulousresearch.com Page 4 of 46

12. PEA PROTEIN MARKET, BY GEOGRAPHY ___________________________________________________ 99

12.2.2. CANADA ___________________________________________________________________________________________________ 110

12.3. EUROPE ___________________________________________________________________________________________ 113

12.3.2. FRANCE ___________________________________________________________________________________________________ 120

12.3.3. U.K. _______________________________________________________________________________________________________ 123

12.3.4. ITALY______________________________________________________________________________________________________ 127

12.3.6. REST OF EUROPE __________________________________________________________________________________________ 133

12.4. ASIA-PACIFIC______________________________________________________________________________________ 136

12.4.2. JAPAN ____________________________________________________________________________________________________ 143

12.4.3. INDIA ______________________________________________________________________________________________________ 147

12.4.5. REST OF ASIA PACIFIC _____________________________________________________________________________________ 154

12.5. LATIN AMERICA ___________________________________________________________________________________ 157

13. COMPETITIVE LANDSCAPE _______________________________________________________________ 164

14. COMPANY PROFILES _____________________________________________________________________ 167

14.1.2. FINANCIAL OVERVIEW _____________________________________________________________________________________ 167

14.1.3. PRODUCT PORTFOLIO______________________________________________________________________________________ 168

14.1.4. STRATEGIC DEVELOPMENTS _______________________________________________________________________________ 168

14.2. AGT FOOD AND INGREDIENTS INC. _________________________________________________________________ 169

14.2.2. FINANCIAL OVERVIEW _____________________________________________________________________________________ 169

14.3. CARGILL, INCORPORATED __________________________________________________________________________ 170

© Meticulous Research | sales@meticulousresearch.com Page 5 of 46

14.3.1. BUSINESS OVERVIEW ______________________________________________________________________________________ 170

14.3.2. FINANCIAL OVERVIEW _____________________________________________________________________________________ 170

14.3.4. STRATEGIC DEVELOPMENTS _______________________________________________________________________________ 171

14.4. INGREDION INC. ___________________________________________________________________________________ 172

14.4.2. FINANCIAL OVERVIEW _____________________________________________________________________________________ 172