エンドウタンパク市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年3月

Pea Protein Market – Global Forecast to 2029

エンドウタンパク市場 : タイプ(分離物、濃縮物、テクスチャード)、用途(食品、飲料)、形態(ドライ、ウェット)、ソース(ひよこ豆、イエロースプリットエンドウ、レンズ豆)、加工方法(ドライ、ウェット)、地域別 – 2029年までの世界予測
Pea Protein Market by Type (Isolates, Concentrates and Textured), Application (Food, Beverages), Form (Dry, Wet), Source (Chickpeas, Yellow Split Peas, Lentils), Processing Method (Dry, Wet) and Region – Global Forecast to 2029

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Report Overview

The pea protein market is estimated at USD 2.1 billion in 2024 and is projected to reach USD 3.7 billion by 2029, at a CAGR of 12.0% from 2024 to 2029.

エンドウタンパク市場は、2024 年に 21 億米ドルと推定され、2024 年から 2029 年までの CAGR 12.0% で、2029 年までに 37 億米ドルに達すると予測されています。

Pea protein is trending in the market due to several key factors. As it caters to the growing demand for plant-based protein alternatives, fueled by increasing health awareness and preferences for vegetarian and vegan diets. It is rich in essential amino acids and free from common allergens like soy and dairy, makes it a versatile ingredient for a variety of food and beverage products. Additionally, its sustainable production process aligns with consumers’ growing concerns about environmental impact and ethical sourcing. Advancements in processing technologies have also enhanced the taste, texture, and functionality of pea protein, expanding its use in various formulations. Food manufacturers are increasingly incorporating pea protein into their product offerings, driving its prominence in the market and facilitating continued growth in this segment.

エンドウタンパク市場 : 2029年までの世界予測

“Yellow split peas is gaining rapid popularity in the pea protein market across the globe and is forecasted to have largest market share in terms of value.”
Yellow split peas play a significant role in driving the pea protein market due to their high protein content, versatility in food applications, sustainability in cultivation, and alignment with plant-based dietary trends, thereby enhancing the availability and appeal of pea protein as a sought-after ingredient in various food and beverage products. Yellow split peas are a sustainable crop choice due to their ability to fix nitrogen in the soil, reducing the need for synthetic fertilizers. Additionally, they require relatively fewer resources, such as water and land, compared to animal-based protein sources like beef or chicken. The sustainability of yellow split peas aligns with the growing consumer preference for eco-friendly and ethically sourced products, driving their adoption in the pea protein market.

エンドウタンパク市場 : 2029年までの世界予測 ecosystem


“By form, dry form dominated the market for pea protein in value terms.”
Dry pea protein powder offers a concentrated source of plant-based protein, containing essential amino acids necessary for muscle building and overall health. As consumers prioritize protein intake, particularly in plant-based diets, the nutritional benefits of dry pea protein powder drive its market growth. Dry pea protein is easy to store, transport, and handle compared to liquid or wet forms. Its extended shelf life makes it convenient for manufacturers to stock and incorporate into various food and beverage products without concerns about spoilage, enhancing overall efficiency and cost-effectiveness.


“Asia Pacific is projected to witness the highest growth rate during the forecast period.”
India’s population by mid-2023 is estimated at 1.4286 billion, and 1.4257 billion for China according to the United Nations Population Fund’s (UNFPA) “State of World Population Report”. Asia Pacific’s burgeoning population and changing dietary habits are propelling the demand for plant based foods. The rise of plant-based diets, driven by concerns for personal health, animal welfare, and environmental sustainability, has significantly boosted the demand for dry pea protein. As more individuals adopt vegetarian, vegan, or flexitarian lifestyles, there is a growing need for plant-based protein alternatives, positioning dry pea protein as a preferred option due to its plant-derived origin and nutritional benefits, driving their adoption in the region.


The break-up of the profile of primary participants in the pea protein market:
n By Company: Tier 1- 40%, Tier 2- 20% and Tier 3- 40%.
n By Designation: CXO’s: 26%, Managers: 30% and Executives: 44%
n By Region: North America – 20%, Europe – 20%, Asia Pacific – 40%, South America – 10% and RoW – 10%

エンドウタンパク市場 : 2029年までの世界予測 region


Key Market Players
Key players operating in the pea protein market include Roquette Frères (France), Cargill, Incorporated (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion Incorporated (US), Emsland Group (Germany), Yantai Shuangta Foods Co, Ltd (China), The Scoular Company (US), Burcan Nutrascience Corp (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Foods and Ingredients (Canada), The Green Labs LLC (US) and Axiom Foods Inc (US).

Research Coverage:
This research report categorizes the pea protein market by type (Isolates, Concentrates and Textured), application (Food, Beverages, and Other Applications), form (Dry and Wet), source (Chickpeas, Yellow Split Peas and Lentils), processing method and region (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the pea protein market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services; key strategies; contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the pea protein market. Competitive analysis of upcoming startups in the pea protein market ecosystem is covered in this report.


Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pea protein market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:
• Analysis of key drivers (Growing vegan population and popularity of plant-based products), restraints (High cost of raw material), opportunities (Increasing focus on innovation and developments of better pea protein extracts & products in global markets), and challenges (Supply constraints due to unstable production of peas hampering growth prospects) influencing the growth of the pea protein market.
• Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the pea protein market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the pea protein market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the pea protein market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players including Roquette Frères (France), Cargill, Incorporated (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion Incorporated (US), Emsland Group (Germany), Yantai Shuangta Foods Co, Ltd (China), The Scoular Company (US), Burcan Nutrascience Corp (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Foods and Ingredients (Canada), The Green Labs LLC (US) and Axiom Foods Inc (US) among others in the pea protein market strategies. 

Table of Contents

1            INTRODUCTION            36

1.1         STUDY OBJECTIVES      36

1.2         MARKET DEFINITION   36

1.3         STUDY SCOPE  37

1.3.1      MARKET SEGMENTATION         37

FIGURE 1           PEA PROTEIN MARKET SEGMENTATION           37

1.3.2      INCLUSIONS AND EXCLUSIONS 37

TABLE 1             INCLUSIONS AND EXCLUSIONS 37

1.3.3      REGIONAL SEGMENTATION     38

1.3.4      YEARS CONSIDERED     38

1.4         UNIT CONSIDERED       39

1.4.1      CURRENCY        39

TABLE 2             USD EXCHANGE RATES CONSIDERED, 2017–2022            39

1.4.2      VOLUME           39

1.5         STAKEHOLDERS            40

1.6         SUMMARY OF CHANGES            40

1.6.1      RECESSION IMPACT ANALYSIS 41

2            RESEARCH METHODOLOGY     42

2.1         RESEARCH DATA           42

FIGURE 2           PEA PROTEIN MARKET: RESEARCH DESIGN      42

2.1.1      SECONDARY DATA       43

2.1.1.1   Key data from secondary sources     43

2.1.2      PRIMARY DATA 43

2.1.2.1   Key industry insights          44

2.1.2.2   Breakdown of Interviews with Experts           44

FIGURE 3           BREAKDOWN OF INTERVIEWS WITH EXPERTS BY COMPANY TYPE, DESIGNATION, AND REGION       44

2.2         MARKET SIZE ESTIMATION       45

2.2.1      MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    46

FIGURE 4           PEA PROTEIN MARKET SIZE ESTIMATION – DEMAND SIDE              46

FIGURE 5           PEA PROTEIN MARKET SIZE ESTIMATION: SUPPLY SIDE              47

2.2.2      MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  47

FIGURE 6           PEA PROTEIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH       48

2.3         DATA TRIANGULATION             49

FIGURE 7           DATA TRIANGULATION             49

2.4         RESEARCH ASSUMPTIONS         50

2.5         RESEARCH LIMITATIONS & ASSOCIATED RISKS 51

2.6         RECESSION IMPACT ANALYSIS 51

2.6.1      RECESSION MACRO INDICATORS           51

FIGURE 8           INDICATORS OF RECESSION     51

FIGURE 9           GLOBAL INFLATION RATE, 2013–2022   52

FIGURE 10         GLOBAL GDP: 2013–2022 (USD TRILLION)          53

FIGURE 11         RECESSION INDICATORS AND THEIR IMPACT ON PEA PROTEIN MARKET         54

FIGURE 12         PEA PROTEIN MARKET: PREVIOUS FORECAST VS. RECESSION FORECAST        54

3            EXECUTIVE SUMMARY 56

TABLE 3             PEA PROTEIN MARKET SNAPSHOT, 2024 VS. 2029           57

FIGURE 13         PROTEIN ISOLATES TO DOMINATE MARKET BY 2029 (USD MILLION)          58

FIGURE 14         DRY FORM OF PEA PROTEIN TO BE MAJOR MARKET BY 2029 (USD MILLION) 58

FIGURE 15         YELLOW SPLIT PEAS TO BE MAJOR PEA PROTEIN SOURCE BY 2029 (USD MILLION)     59

FIGURE 16         FOOD APPLICATIONS TO HOLD LARGEST SHARE IN PEA PROTEIN MARKET, 2029 (USD MILLION)            59

FIGURE 17         PEA PROTEIN MARKET: REGIONAL SNAPSHOT 60

4            PREMIUM INSIGHTS      62

4.1         ATTRACTIVE OPPORTUNITIES IN PEA PROTEIN MARKET          62

FIGURE 18         RISING DEMAND FOR PLANT-BASED MEAT ALTERNATIVES AND FUNCTIONAL FOODS PRESENTS OPPORTUNITIES             62

4.2         EUROPE: PEA PROTEIN MARKET, BY TYPE & KEY COUNTRY      63

FIGURE 19         ISOLATES ACCOUNTED FOR LARGEST SHARE OF EUROPEAN PEA PROTEIN MARKET IN 2023 63

4.3         PEA PROTEIN MARKET, BY TYPE            63

FIGURE 20         PEA PROTEIN ISOLATES TO DOMINATE THROUGHOUT FORECAST PERIOD (USD MILLION)       63

4.4         PEA PROTEIN MARKET, BY SOURCE      64

FIGURE 21         YELLOW SPLIT PEAS TO BE MAJOR SEGMENT FROM 2024 TO 2029 (USD MILLION)     64

4.5         PEA PROTEIN MARKET, BY FORM           64

FIGURE 22         DRY PEA PROTEIN TO BE LARGER SEGMENT THROUGHOUT FORECAST PERIOD (USD MILLION)       64

4.6         PEA PROTEIN MARKET, BY APPLICATION          65

FIGURE 23         FOOD TO BE DOMINANT APPLICATION THROUGHOUT FORECAST PERIOD (USD MILLION)       65

4.7         PEA PROTEIN MARKET: KEY COUNTRIES           65

FIGURE 24         MARKET IN JAPAN TO GROW AT HIGHEST RATE DURING FORECAST PERIOD       65

5            MARKET OVERVIEW     66

5.1         INTRODUCTION            66

5.2         MACROECONOMIC INDICATOR             67

5.2.1      GLOBAL PRODUCTION OF AND INNOVATION IN PEA CROPS    67

FIGURE 25         GLOBAL CHICKPEA AND GREEN PEA PRODUCTION, 2016–2020 (MILLION TONNES)      67

FIGURE 26         GLOBAL PEA PRODUCTION, 2021 (MILLION TONNES)  67

5.3         MARKET DYNAMICS     68

FIGURE 27         PEA PROTEIN MARKET DYNAMICS        68

5.3.1      DRIVERS            68

5.3.1.1   Growing vegan population and popularity of plant-based products          68

FIGURE 28         TOP FIVE COUNTRIES WITH VEGAN POPULATION, 2020              69

5.3.1.2   Advancements in extraction and processing technologies           69

FIGURE 29         GLOBAL RISE IN PATENTS GRANTED FOR NEW PEA PROTEIN EXTRACTION PROCESSES, 2018–2023     69

FIGURE 30         TOP PATENT APPLICANT COMPANIES IN PEA PROTEIN MARKET, 2018–2023       70

5.3.1.3   Growing consumer awareness about nutritional benefits offered by pea and pea-based products     70

5.3.1.4   Increase in demand for gluten-free food products        70

5.3.2      RESTRAINTS     70

5.3.2.1   High cost of raw material   70

5.3.2.2   Low processing output, resulting in limited supply to manufacturers       71

FIGURE 31         PEA EXTRACTION: INDUSTRIAL PROCESS         71

FIGURE 32         PEA EXTRACTION: PILOT PROCESS       71

5.3.3      OPPORTUNITIES           72

5.3.3.1   Increasing focus on innovation in global market           72

5.3.3.2   Hypoallergenic properties compared to other plant-based proteins          72

TABLE 4             PROTEIN SOURCES: COMPARISON        73

5.3.3.3   Advancements in texture properties that support adoption in baking and meat processing            73

5.3.3.4   Rise in demand from pet food industry           73

5.3.4      CHALLENGES   74

5.3.4.1   Supply constraints due to unstable production of peas  74

5.3.4.2   Presence of alternative plant proteins            74

FIGURE 33         PLANT-BASED PROTEINS: ESTABLISHED CROPS VS. FUTURE CROPS  74

6            INDUSTRY TRENDS       76

6.1         INTRODUCTION            76

6.2         SUPPLY CHAIN ANALYSIS          76

FIGURE 34         IMPORTANCE OF MANUFACTURING IN SUPPLY CHAIN OF PEA PROTEINS         76

6.3         VALUE CHAIN ANALYSIS            77

FIGURE 35         RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING OF PEA PROTEIN CONTRIBUTE MAJOR VALUE 77

6.4         PATENT ANALYSIS        78

FIGURE 36         NUMBER OF PATENTS GRANTED BETWEEN 2018 AND 2023              78

FIGURE 37         TOP 10 INVESTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS   79

TABLE 5             PATENTS PERTAINING TO PEA PROTEINS, 2020–2023    80

6.5         REGULATORY LANDSCAPE       82

6.5.1      REGULATORY LANDSCAPE       82

6.5.1.1   North America     82

6.5.1.1.1 US         82

6.5.1.2   Europe  85

6.5.1.2.1 European Union  85

6.5.1.3   Asia Pacific          85

6.5.1.3.1 China     85

6.5.1.3.2 India      86

6.5.1.3.3 Japan     86

6.5.1.4   South America     87

6.5.1.4.1 Brazil     87

6.5.2      REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS          88

TABLE 6             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         88

TABLE 7             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88

TABLE 8             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         89

6.6         ECOSYSTEM MAP          89

FIGURE 38         PEA PROTEIN MARKET ECOSYSTEM     89

FIGURE 39         PEA PROTEIN MARKET MAP      90

TABLE 9             PEA PROTEIN MARKET: ECOSYSTEM    90

6.7         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       91

FIGURE 40         TRENDS/DISRUPTIONS IMPACTING BUYERS IN PEA PROTEIN MARKET            91

6.8         TECHNOLOGY ANALYSIS           92

6.8.1      FERMENTATION            92

6.8.2      IOT (INTERNET OF THINGS) TECHNOLOGY     92

6.9         PORTER’S FIVE FORCES ANALYSIS         93

TABLE 10           PEA PROTEIN MARKET: PORTER’S FIVE FORCES ANALYSIS              93

6.9.1      INTENSITY OF COMPETITIVE RIVALRY 93

6.9.2      BARGAINING POWER OF SUPPLIERS     93

6.9.3      BARGAINING POWER OF BUYERS           93

6.9.4      THREAT OF SUBSTITUTES         94

6.9.5      THREAT OF NEW ENTRANTS    94

6.10       TRADE DATA ANALYSIS             94

TABLE 11           EXPORT DATA OF HS CODE 210610 FOR KEY COUNTRIES, 2020–2022 (KG)           94

TABLE 12           IMPORT DATA OF HS CODE 210610 FOR KEY COUNTRIES, 2020–2022 (KG)           95

6.11       PRICING ANALYSIS        95

6.11.1    INTRODUCTION            95

6.11.2    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE     96

FIGURE 41         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE (USD/KG)          96

6.11.3    AVERAGE SELLING PRICE TREND, BY REGION  96

TABLE 13           PEA PROTEIN MARKET: AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/TON) 96

6.11.4    AVERAGE SELLING PRICE TREND, BY TYPE       97

FIGURE 42         AVERAGE SELLING PRICE TREND, BY TYPE (USD/TON) 97

6.12       CASE STUDY ANALYSIS: PEA PROTEIN MARKET 97

TABLE 14           GLANBIA PLC DEVELOPS INGREDIENTS FOR BLUEBERRY PANCAKE PEA PROTEIN CEREAL           97

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    98

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         98

FIGURE 43         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN PEA PROTEIN MARKET         98

TABLE 15           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN PEA PROTEIN MARKET         98

6.13.2    BUYING CRITERIA         99

FIGURE 44         KEY BUYING CRITERIA FOR PEA PROTEIN TYPES           99

TABLE 16           KEY BUYING CRITERIA FOR PEA PROTEIN TYPES           99

6.14       KEY CONFERENCES & EVENTS IN 2024  100

TABLE 17           PEA PROTEIN MARKET: KEY CONFERENCES & EVENTS 100

6.15       INVESTMENT AND FUNDING SCENARIO            101

FIGURE 45         INVESTMENT AND FUNDING SCENARIO            101

7            PEA PROTEIN MARKET, BY TYPE            102

7.1         INTRODUCTION            103

FIGURE 46         PEA PROTEIN MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)              103

TABLE 18           PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)              103

TABLE 19           PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)              104

TABLE 20           PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)            104

TABLE 21           PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)            104

7.2         ISOLATES          104

7.2.1      GROWING INNOVATION FOR HIGH-QUALITY PROTEIN ISOLATES TO DRIVE SEGMENT           104

TABLE 22           ISOLATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          105

TABLE 23           ISOLATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          105

TABLE 24           ISOLATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)              106

TABLE 25           ISOLATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)              106

7.3         CONCENTRATES           106

7.3.1      WIDE APPLICATION IN SNACKS AND BAKERY ITEMS TO BOOST DEMAND           106

TABLE 26           CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)     107

TABLE 27           CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)     107

TABLE 28           CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)           108

TABLE 29           CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)           108

7.4         TEXTURED       108

7.4.1      NUTRITIONAL BENEFITS AND FUNCTIONAL ATTRIBUTES TO DRIVE DEMAND           108

TABLE 30           TEXTURED: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION) 109

TABLE 31           TEXTURED: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION) 109

TABLE 32           TEXTURED: PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)      109

TABLE 33           TEXTURED: PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)      110

8            PEA PROTEIN MARKET, BY SOURCE      111

8.1         INTRODUCTION            112

TABLE 34           COMPARISON OF ESSENTIAL AMINO ACID PROFILES IN PEAS, SOYBEAN, RICE, AND WHEAT   112

TABLE 35           AMINO ACID COMPOSITION OF LENTILS, PEAS, AND CHICKPEAS       113

FIGURE 47         GLOBAL PRODUCTION OF PULSES (LAKH TONS), 2020 113

FIGURE 48         PEA PROTEIN MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)          114

TABLE 36           PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)              114

TABLE 37           PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)              114

8.2         YELLOW SPLIT PEAS     115

8.2.1      HIGH PRODUCTION RATE AND PROTEIN CONTENT TO BOOST DEMAND           115

TABLE 38           YELLOW SPLIT PEAS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          115

TABLE 39           YELLOW SPLIT PEAS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          116

8.3         CHICKPEAS       116

8.3.1      IMPROVEMENTS IN PROCESSING TECHNOLOGY TO DRIVE GROWTH              116

FIGURE 49         KEY COUNTRIES WITH CHICKPEA PRODUCTION (MILLION TONNES), 2019 117

TABLE 40           CHICKPEAS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION) 117

TABLE 41           CHICKPEAS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION) 117

8.4         LENTILS            118

8.4.1      HIGH PRODUCTION, EASY AVAILABILITY, AND LOW COSTS TO DRIVE GLOBAL DEMAND         118

TABLE 42           LENTILS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          118

TABLE 43           LENTILS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          119

9            PEA PROTEIN MARKET, BY FORM           120

9.1         INTRODUCTION            121

FIGURE 50         PEA PROTEIN MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)              121

TABLE 44           PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)              121

TABLE 45           PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)              121

9.2         DRY      122

9.2.1      DEMAND FOR PLANT-BASED MEATS AND SNACKS TO SUPPLEMENT SEGMENT GROWTH     122

TABLE 46           DRY PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          122

TABLE 47           DRY PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          122

9.3         WET     123

9.3.1      PERFORMANCE NUTRITION APPLICATIONS TO SUPPORT GROWTH              123

TABLE 48           WET PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          123

TABLE 49           WET PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          123

10          PEA PROTEIN MARKET, BY PROCESSING METHOD        125

10.1       DRY PROCESSING          125

10.1.1    INNOVATION IN DIVERSE FOOD SECTORS – KEY DRIVER           125

10.2       WET PROCESSING         125

10.2.1    SUPERIOR FUNCTIONALITY AND PURITY – KEY DRIVERS           125

11          PEA PROTEIN MARKET, BY APPLICATION          126

11.1       INTRODUCTION            127

FIGURE 51         PEA PROTEIN MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)          127

TABLE 50           PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          127

TABLE 51           PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          128

11.2       FOOD   128

TABLE 52           FOOD: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          128

TABLE 53           FOOD: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          129

TABLE 54           FOOD: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 129

TABLE 55           FOOD: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 129

11.2.1    MEAT SUBSTITUTES     130

11.2.1.1 Global trends of plant-based meats and veganism drive segment              130

TABLE 56           MEAT SUBSTITUTES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          130

TABLE 57           MEAT SUBSTITUTES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          131

11.2.2    PERFORMANCE NUTRITION     131

11.2.2.1 Increasing cases of lactose intolerance and adoption in supplements to drive adoption 131

TABLE 58           PERFORMANCE NUTRITION: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)       131

TABLE 59           PERFORMANCE NUTRITION: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)       132

11.2.3    FUNCTIONAL FOODS   132

11.2.3.1 Growing awareness about functional benefits of pea protein supports growth              132

TABLE 60           FUNCTIONAL FOODS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          133

TABLE 61           FUNCTIONAL FOODS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          133

11.2.4    SNACKS             133

11.2.4.1 Spike in demand for healthy snacking alternatives to drive demand          133

TABLE 62           SNACKS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          134

TABLE 63           SNACKS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          134

11.2.5    BAKERY PRODUCTS      134

11.2.5.1 Demand for healthy alternatives in baking applications 134

FIGURE 52         TOP EXPORTERS AND IMPORTERS OF BAKED GOODS, 2021              135

TABLE 64           BAKERY PRODUCTS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)     136

TABLE 65           BAKERY PRODUCTS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)     136

11.2.6    CONFECTIONERIES      137

11.2.6.1 Consumer demand for healthier confectionery products to drive segment 137

FIGURE 53         GLOBAL INCREASE IN CONFECTIONERY EXPORTS, 2004–2020              137

TABLE 66           CONFECTIONERIES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)     137

TABLE 67           CONFECTIONERIES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)     138

11.2.7    OTHER FOOD APPLICATIONS  138

TABLE 68           OTHER FOOD APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)       138

TABLE 69           OTHER FOOD APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)       138

11.3       BEVERAGES      139

11.3.1    EASY SOLUBILITY AND ADOPTION IN PLANT-BASED BEVERAGES TO SUPPORT GROWTH      139

TABLE 70           BEVERAGES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION) 139

TABLE 71           BEVERAGES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION) 139

11.4       OTHER APPLICATIONS 140

11.4.1    BENEFITS OF PEA PROTEINS IN ANIMAL HEALTH AND WELL-BEING TO DRIVE DEMAND      140

TABLE 72           OTHER APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          141

TABLE 73           OTHER APPLICATIONS: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          141

12          PEA PROTEIN MARKET, REGION            142

12.1       INTRODUCTION            142

FIGURE 54         ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD              143

TABLE 74           PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)              143

TABLE 75           PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)              143

TABLE 76           PEA PROTEIN MARKET, BY REGION, 2020–2023 (KT)       144

TABLE 77           PEA PROTEIN MARKET, BY REGION, 2024–2029 (KT)       144

12.2       NORTH AMERICA          144

FIGURE 55         SHARE OF DEATHS ATTRIBUTED TO OBESITY IN NORTH AMERICA, 2019 (%)        145

12.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS          145

FIGURE 56         NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2022      146

FIGURE 57         NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2023 147

TABLE 78           NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     147

TABLE 79           NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     147

TABLE 80           NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION) 148

TABLE 81           NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 148

TABLE 82           NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)      148

TABLE 83           NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)      148

TABLE 84           NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION) 149

TABLE 85           NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION) 149

TABLE 86           NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)     149

TABLE 87           NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)     149

TABLE 88           NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          150

TABLE 89           NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          150

TABLE 90           NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)           150

TABLE 91           NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)           151

12.2.2    US         151

12.2.2.1 Rise of veganism and rising concerns about food sustainability to drive pea protein demand 151

TABLE 92           US: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)              152

TABLE 93           US: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)              152

12.2.3    CANADA            152

12.2.3.1 Rapid growth and expansion in market driven by high production volumes of dry pea        152

FIGURE 58         GROWING PEA PRODUCTION IN CANADA, 2017–2020 (KT)              153

TABLE 94           CANADA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          153

TABLE 95           CANADA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          154

12.2.4    MEXICO             154

12.2.4.1 Changing consumer preferences and plant-based food trend to boost market              154

TABLE 96           MEXICO: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          154

TABLE 97           MEXICO: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          155

12.3       EUROPE             155

FIGURE 59         GREENHOUSE GAS EMISSIONS FROM AVERAGE FOOD CONSUMPTION             155

FIGURE 60         EUROPE: REGIONAL SNAPSHOT            156

12.3.1    EUROPE: RECESSION IMPACT ANALYSIS            156

FIGURE 61         EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2022              157

FIGURE 62         EUROPE: RECESSION IMPACT ANALYSIS, 2023   157

TABLE 98           EUROPE: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 158

TABLE 99           EUROPE: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 158

TABLE 100         EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          159

TABLE 101         EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          159

TABLE 102         EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)              159

TABLE 103         EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)              159

TABLE 104         EUROPE: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)          160

TABLE 105         EUROPE: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)          160

TABLE 106         EUROPE: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)          160

TABLE 107         EUROPE: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)          160

TABLE 108         EUROPE: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 161

TABLE 109         EUROPE: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 161

TABLE 110         EUROPE: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)          161

TABLE 111         EUROPE: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)          162

12.3.2    FRANCE             162

12.3.2.1 Rise in consumption of functional foods and strong production capacities to drive market   162

TABLE 112         FRANCE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          163

TABLE 113         FRANCE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          163

12.3.3    DENMARK         163

12.3.3.1 Investments and production facilities to contribute to market growth in Denmark              163

TABLE 114         DENMARK: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          164

TABLE 115         DENMARK: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          164

12.3.4    GERMANY         164

12.3.4.1 Increasing veganism trend to drive demand for pea proteins      164

FIGURE 63         GERMANY: HIGHEST CONSUMED PLANT-BASED FOOD PRODUCT BRANDS, 2019            165

TABLE 116         GERMANY: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          165

TABLE 117         GERMANY: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          165

12.3.5    UK         166

12.3.5.1 Focus on consumption of plant-based food alternatives to propel market growth              166

TABLE 118         UK: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          166

TABLE 119         UK: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          166

12.3.6    SPAIN   167

12.3.6.1 Strong agricultural output and changing consumer preferences to drive market              167

TABLE 120         SPAIN: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          167

TABLE 121         SPAIN: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          167

12.3.7    THE NETHERLANDS     168

12.3.7.1 Government support and rising health issues among consumers to drive growth              168

TABLE 122         NETHERLANDS: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION) 168

TABLE 123         NETHERLANDS: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 168

12.3.8    ITALY   169

12.3.8.1 Strong competition from conventional protein sources to drive demand for pea protein   169

TABLE 124         ITALY: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          169

TABLE 125         ITALY: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          169

12.3.9    FINLAND           170

12.3.9.1 Increasing manufacturer presence to drive market       170

TABLE 126         FINLAND: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          170

TABLE 127         FINLAND: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          170

12.3.10  REST OF EUROPE           171

TABLE 128         REST OF EUROPE: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION) 171

TABLE 129         REST OF EUROPE: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 171

12.4       ASIA PACIFIC    172

FIGURE 64         ASIA PACIFIC: REGIONAL SNAPSHOT    173

12.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    173

FIGURE 65         ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–2022              174

FIGURE 66         ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2023        175

TABLE 130         ASIA PACIFIC: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 175

TABLE 131         ASIA PACIFIC: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 175

TABLE 132         ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          176

TABLE 133         ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          176

TABLE 134         ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)              176

TABLE 135         ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)              176

TABLE 136         ASIA PACIFIC: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION) 177

TABLE 137         ASIA PACIFIC: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION) 177

TABLE 138         ASIA PACIFIC: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION) 177

TABLE 139         ASIA PACIFIC: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION) 177

TABLE 140         ASIA PACIFIC: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     178

TABLE 141         ASIA PACIFIC: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     178

TABLE 142         ASIA PACIFIC: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)          178

TABLE 143         ASIA PACIFIC: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)          179

12.4.2    CHINA  179

12.4.2.1 Rise in demand for meat protein substitutes to fuel market        179

TABLE 144         CHINA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          180

TABLE 145         CHINA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          180

12.4.3    INDIA   180

12.4.3.1 Growth of startups in plant-based food products segment to boost demand              180

TABLE 146         INDIA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          181

TABLE 147         INDIA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          181

12.4.4    JAPAN  181

12.4.4.1 Increasing vegan culture makes country lucrative market for pea protein 181

TABLE 148         JAPAN: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          181

TABLE 149         JAPAN: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          182

12.4.5    AUSTRALIA & NEW ZEALAND   182

12.4.5.1 Rising environmental concerns fuel market growth      182

TABLE 150        AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          182

TABLE 151        AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          183

12.4.6    REST OF ASIA PACIFIC  183

TABLE 152         REST OF ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)     183

TABLE 153         REST OF ASIA PACIFIC: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)     184

12.5       SOUTH AMERICA           184

12.5.1    SOUTH AMERICA: RECESSION IMPACT ANALYSIS          185

FIGURE 67         SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2021      186

FIGURE 68         SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2023 186

TABLE 154         SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     186

TABLE 155         SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     187

TABLE 156         SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION) 187

TABLE 157         SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 187

TABLE 158         SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)      187

TABLE 159         SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)      188

TABLE 160         SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION) 188

TABLE 161         SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION) 188

TABLE 162         SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)     188

TABLE 163         SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)     189

TABLE 164         SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          189

TABLE 165         SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          189

TABLE 166         SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)           190

TABLE 167         SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)           190

12.5.2    BRAZIL 190

12.5.2.1 High demand for sports nutrition to boost market growth          190

TABLE 168         BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          191

TABLE 169         BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          191

12.5.3    ARGENTINA      192

12.5.3.1 Increasing exports due to high quality of peas to boost market   192

TABLE 170         ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          192

TABLE 171         ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          192

12.5.4    REST OF SOUTH AMERICA         193

12.5.4.1 Increasing consumer preference for plant-based food for fitness and nutrition              193

TABLE 172         REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          193

TABLE 173         REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          193

12.6       REST OF THE WORLD   194

12.6.1    ROW: RECESSION IMPACT ANALYSIS    194

FIGURE 69         ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2022 195

FIGURE 70         ROW: RECESSION IMPACT ANALYSIS, 2022–2023 195

TABLE 174         REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          195

TABLE 175         REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          196

TABLE 176         REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)     196

TABLE 177         REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)     196

TABLE 178         REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (KT)           196

TABLE 179         REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (KT)           197

TABLE 180         REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)     197

TABLE 181         REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)     197

TABLE 182         REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)          197

TABLE 183         REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)          198

TABLE 184         REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           198

TABLE 185         REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           198

TABLE 186         REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)           199

TABLE 187         REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)           199

12.6.2    MIDDLE EAST  199

12.6.2.1 Increasing sports activities to propel market growth     199

TABLE 188         MIDDLE EAST: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION) 200

TABLE 189         MIDDLE EAST: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION) 200

TABLE 190         MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION) 200

TABLE 191         MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION) 200

TABLE 192         MIDDLE EAST: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION) 201

TABLE 193         MIDDLE EAST: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION) 201

TABLE 194         MIDDLE EAST: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION) 201

TABLE 195         MIDDLE EAST: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION) 201

TABLE 196         MIDDLE EAST: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     202

TABLE 197         MIDDLE EAST: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     202

TABLE 198         MIDDLE EAST: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)           202

TABLE 199         MIDDLE EAST: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)           203

12.6.2.2 UAE      203

12.6.2.3 Saudi Arabia        203

12.6.2.4 Rest of Middle East            204

12.6.3    AFRICA 204

12.6.3.1 Easy availability of raw materials to boost market         204

FIGURE 71         AFRICAN COUNTRIES IMPORT DATA FOR HS CODE 210610, 2020      204

TABLE 200         AFRICA: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)          205

TABLE 201         AFRICA: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)          205

TABLE 202         AFRICA: PEA PROTEIN MARKET, BY TYPE, 2020–2023 (USD MILLION)          205

TABLE 203         AFRICA: PEA PROTEIN MARKET, BY TYPE, 2024–2029 (USD MILLION)          205

TABLE 204         AFRICA: PEA PROTEIN MARKET, BY FORM, 2020–2023 (USD MILLION)          206

TABLE 205         AFRICA: PEA PROTEIN MARKET, BY FORM, 2024–2029 (USD MILLION)          206

TABLE 206         AFRICA: PEA PROTEIN MARKET, BY SOURCE, 2020–2023 (USD MILLION)          206

TABLE 207         AFRICA: PEA PROTEIN MARKET, BY SOURCE, 2024–2029 (USD MILLION)          206

TABLE 208         AFRICA: PEA PROTEIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 207

TABLE 209         AFRICA: PEA PROTEIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 207

TABLE 210         AFRICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2020–2023 (USD MILLION)     207

TABLE 211         AFRICA: PEA PROTEIN MARKET, BY FOOD APPLICATION, 2024–2029 (USD MILLION)     208

12.6.3.2 South Africa        208

12.6.3.3 Nigeria  208

12.6.3.4 Rest of Africa       209

13          COMPETITIVE LANDSCAPE       210

13.1       OVERVIEW        210

13.2       KEY PLAYERS STRATEGIES        210

TABLE 212         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PEA PROTEIN MARKET         210

13.3       SEGMENTAL REVENUE ANALYSIS          212

FIGURE 72         SEGMENTAL REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2018–2022 (USD BILLION)           212

13.4       MARKET SHARE ANALYSIS, 2023             213

TABLE 213         PEA PROTEIN MARKET: DEGREE OF COMPETITION      213

13.5       BRAND/PRODUCT COMPARISON          214

FIGURE 73         PEA PROTEIN MARKET: BRAND/PRODUCT COMPARISON              214

13.6       COMPANY VALUATION 215

FIGURE 74         PEA PROTEIN MARKET: COMPANY VALUATION (USD BILLION)           215

13.7       KEY PLAYERS: ANNUAL REVENUE VS. GROWTH 215

FIGURE 75         ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022      215

13.8       FINANCIAL METRICS    216

FIGURE 76         EV/EBITDA, 2022 (USD BILLION)            216

13.9       GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS   216

FIGURE 77         PEA PROTEIN MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2023     216

13.10     COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   217

13.10.1  STARS  217

13.10.2  EMERGING LEADERS    217

13.10.3  PERVASIVE PLAYERS     217

13.10.4  PARTICIPANTS 217

FIGURE 78         PEA PROTEIN MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 218

13.10.5  COMPANY FOOTPRINT: KEY PLAYERS  219

13.10.5.1             Type footprint     219

TABLE 214         PEA PROTEIN MARKET: COMPANY TYPE FOOTPRINT   219

13.10.5.2             Application footprint         219

TABLE 215         PEA PROTEIN MARKET: APPLICATION FOOTPRINT       219

13.10.5.3             Region footprint  220

TABLE 216         PEA PROTEIN MARKET: REGION FOOTPRINT   220

13.10.5.4             Company footprint            221

FIGURE 79         PEA PROTEIN MARKET: COMPANY FOOTPRINT             221

13.11     COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          222

13.11.1  PROGRESSIVE COMPANIES       222

13.11.2  RESPONSIVE COMPANIES          222

13.11.3  DYNAMIC COMPANIES 222

13.11.4  STARTING BLOCKS       222

FIGURE 80         PEA PROTEIN MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             223

13.11.5  COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             224

TABLE 217         PEA PROTEIN MARKET: KEY STARTUPS/SMES  224

TABLE 218         PEA PROTEIN MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES   225

13.12     COMPETITIVE SCENARIO AND TRENDS             225

13.12.1  PRODUCT LAUNCHES  225

TABLE 219         PEA PROTEIN MARKET: PRODUCT LAUNCHES, JANUARY 2019–AUGUST 2022    225

13.12.2  DEALS  226

TABLE 220         PEA PROTEIN MARKET: DEALS, JANUARY 2019–JANUARY 2024              226

13.12.3  EXPANSIONS    231

TABLE 221         PEA PROTEIN MARKET: EXPANSIONS, JANUARY 2019–JANUARY 2024      231

14          COMPANY PROFILES    235

14.1       KEY PLAYERS   235

(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*

14.1.1    ROQUETTE FRÈRES      235

TABLE 222         ROQUETTE FRÈRES: BUSINESS OVERVIEW         235

FIGURE 81         ROQUETTE FRÈRES: COMPANY SNAPSHOT       236

TABLE 223         ROQUETTE FRÈRES: PRODUCTS/ SOLUTIONS /SERVICES OFFERED          236

TABLE 224         ROQUETTE FRÈRES: DEALS, JANUARY 2019–JANUARY 2024              238

TABLE 225         ROQUETTE FRÈRES: EXPANSIONS, JANUARY 2019–JANUARY 2024      239

14.1.2    ADM     241

TABLE 226         ADM: BUSINESS OVERVIEW       241

FIGURE 82         ADM: COMPANY SNAPSHOT     242

TABLE 227         ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED      242

TABLE 228         ADM: DEALS, JANUARY 2019–JANUARY 2024       244

TABLE 229         ADM: EXPANSIONS, JANUARY 2019–JANUARY 2024          244

14.1.3    INGREDION      246

TABLE 230         INGREDION: BUSINESS OVERVIEW        246

FIGURE 83         INGREDION: COMPANY SNAPSHOT      247

TABLE 231         INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED              247

TABLE 232         INGREDION: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2024      248

TABLE 233         INGREDION: DEALS, JANUARY 2019–JANUARY 2024        249

TABLE 234         INGREDION: EXPANSION, JANUARY 2019–JANUARY 2024              250

14.1.4    KERRY GROUP PLC.       251

TABLE 235         KERRY GROUP PLC.: BUSINESS OVERVIEW         251

FIGURE 84         KERRY GROUP PLC.: COMPANY SNAPSHOT       252

TABLE 236         KERRY GROUP PLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          252

TABLE 237         KERRY GROUP PLC.: DEALS, JANUARY 2019–JANUARY 2024              253

TABLE 238         KERRY GROUP PLC.: EXPANSIONS, JANUARY 2019–JANUARY 2024      253

14.1.5    GLANBIA PLC   254

TABLE 239         GLANBIA PLC: BUSINESS OVERVIEW     254

FIGURE 85         GLANBIA PLC: COMPANY SNAPSHOT   255

TABLE 240         GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED              255

TABLE 241         GLANBIA PLC: DEALS, JANUARY 2019–JANUARY 2024     256

14.1.6    CARGILL, INCORPORATED        257

TABLE 242         CARGILL, INCORPORATED: BUSINESS OVERVIEW          257

FIGURE 86         CARGILL: COMPANY SNAPSHOT            257

TABLE 243         CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   258

TABLE 244         CARGILL, INCORPORATED: DEALS, JANUARY 2019–JANUARY 2024      258

TABLE 245         CARGILL, INCORPORATED: EXPANSIONS, JANUARY 2019–JANUARY 2024  259

14.1.7    INTERNATIONAL FLAVORS & FRAGRANCES INC.            260

TABLE 246         INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW        260

FIGURE 87         INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        261

TABLE 247         INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   261

TABLE 248         INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS, JANUARY 2019–JANUARY 2024   262

TABLE 249         INTERNATIONAL FLAVORS & FRAGRANCES INC.: EXPANSIONS, JANUARY 2019–JANUARY 2024   262

14.1.8    PURIS   264

TABLE 250         PURIS: BUSINESS OVERVIEW     264

TABLE 251         PURIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 252         PURIS: DEALS, JANUARY 2019–JANUARY 2024     265

14.1.9    EMSLAND GROUP         266

TABLE 253         EMSLAND GROUP: BUSINESS OVERVIEW           266

TABLE 254         EMSLAND GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          266

TABLE 255         EMSLAND GROUP: DEALS, JANUARY 2019–JANUARY 2024              267

TABLE 256         EMSLAND GROUP: EXPANSIONS, JANUARY 2019–JANUARY 2024              267

14.1.10  YANTAI SHUANGTA FOODS CO., LTD.  268

TABLE 257         YANTAI SHUANGTA FOODS CO., LTD.: BUSINESS OVERVIEW              268

TABLE 258         YANTAI SHUANGTA FOODS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   268

14.1.11  BURCON            271

TABLE 259         BURCON: BUSINESS OVERVIEW 271

TABLE 260         BURCON: PRODUCTS/SOLUTIONS/SERVICES OFFERED              271

TABLE 261         BURCON: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2024              272

TABLE 262         BURCON: DEALS, JANUARY 2019–JANUARY 2024 272

TABLE 263         BURCON: EXPANSIONS, JANUARY 2019–JANUARY 2024   273

14.1.12  AXIOM FOODS INC.       274

TABLE 264         AXIOM FOODS INC.: BUSINESS OVERVIEW         274

TABLE 265         AXIOM FOODS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          274

TABLE 266         AXIOM FOODS INC.: DEALS, JANUARY 2019–JANUARY 2024              275

14.1.13  SHANDONG JIANYUAN GROUP 276

TABLE 267         SHANDONG JIANYUAN GROUP: BUSINESS OVERVIEW   276

TABLE 268         SHANDONG JIANYUAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED   276

14.1.14  ET-CHEM          277

TABLE 269         ET-CHEM: BUSINESS OVERVIEW            277

TABLE 270         ET-CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              277

14.1.15  AGT FOOD AND INGREDIENTS 278

TABLE 271         AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW  278

TABLE 272         AGT FOOD AND INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED   278

*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.

14.2       OTHER PLAYERS           279

14.2.1    THE GREEN LABS LLC  279

14.2.2    COSUCRA          279

14.2.3    NUTRI-PEA       280

14.2.4    SOTEXPRO        280

14.2.5    NATURZ ORGANICS      281

14.2.6    FENCHEM INC  281

14.2.7    PROEON            282

14.2.8    SUN NUTRAFOODS       282

14.2.9    INNOVOPRO     283

14.2.10  CHICKP              283

15          ADJACENT & RELATED MARKETS          284

15.1       INTRODUCTION            284

15.2       ADJACENT MARKET STUDY LIMITATIONS         284

15.3       PLANT-BASED PROTEINS MARKET        284

15.3.1    MARKET DEFINITION   284

15.3.2    MARKET OVERVIEW     285

15.3.3    PLANT-BASED PROTEINS MARKET, BY NATURE             286

TABLE 273         PLANT-BASED PROTEIN MARKET, BY NATURE, 2018–2022 (USD MILLION)          286

TABLE 274         PLANT-BASED PROTEIN MARKET, BY NATURE, 2023–2028 (USD MILLION)          286

15.4       PEA PROCESSED INGREDIENTS MARKET           287

15.4.1    MARKET DEFINITION   287

15.4.2    MARKET OVERVIEW     287

15.4.3    PEA PROCESSED INGREDIENTS MARKET, BY SOURCE   288

TABLE 275         PEA PROCESSED INGREDIENTS MARKET, BY SOURCE, 2019–2026 (USD MILLION)     288

16          APPENDIX         289

16.1       DISCUSSION GUIDE      289

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             293

16.3       CUSTOMIZATION OPTIONS      295

16.4       RELATED REPORTS       295

16.5       AUTHOR DETAILS         296