The global pea protein market revenue is poised for robust growth during the forecast period, driven by increasing demand for high-protein diets and a growing vegan population. In 2023, North America led the market with a 36.33% share. According to an upcoming report by Fortune Business Insights™, titled "Pea Protein Market, 2024-2032," the market, valued at USD 580.61 million in 2023, is projected to grow from USD 649.36 million in 2024 to USD 1,644.67 million by 2032, reflecting a CAGR of 12.32%.
Pea protein is gaining traction as health-conscious consumers seek dietary options that support weight management, muscle development, and improved satiety. This aligns with modern wellness trends, boosting its appeal among individuals prioritizing nutritious and effective solutions. Furthermore, pea protein’s natural and minimally processed nature complements the growing demand for clean-label products, enabling companies to meet consumer expectations for ingredient transparency. By integrating pea protein into their offerings, brands can enhance consumer trust and loyalty while aligning with the shift toward healthier, transparent eating habits.
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List of Key Players Profiled in Market:
Segments:
The pea protein market is segmented into three key types: isolates, concentrates, and textured products.
In terms of application, the market is divided into several categories, including meat substitutes, baked goods, dietary supplements, beverages, and others.
Geographically, the market is classified into five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.