What is the global market size of Yellow Pea Protein Market?

Yellow Pea Protein Market size was valued at USD 1.65 billion in 2021 and is poised to grow from USD 2.14 billion in 2022 to USD 5.6 billion by 2030, growing at a CAGR of 12.8% in the forecast period (2023-2030).

What is the key driver of Global Yellow Pea Protein Market?

Increasing Demand for Vegan and Vegetarian Food

Yellow Pea Protein Companies

Yellow Pea Protein Market Competitive Landscape

Global Yellow Pea Protein Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Yellow Pea Protein Market Top Player's Company Profiles

Ingredion
Roquette Freres
Axiom Foods Inc.
Burcon NutraScience Corporation
Cosucra Groupe Warcoing SA
The Scoular Company
Emsland Group
Sotexpro
AGT Food and Ingredients
Vestkorn Milling AS
Puris Proteins
Glanbia plc
Farbest Brands
Kerry Group plc
Batory Foods
Biorefinery Solutions
Fenchem Biotek Ltd.
Gremount International Company Limited
Parabel USA Inc.
Nutri-Pea Limited

Yellow Pea Protein Market

FAQs

Yellow Pea Protein Market size was valued at USD 1.65 billion in 2019 and is poised to grow from USD 2.14 billion in 2023 to USD 5.6 billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).

Yellow Pea Protein Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Ingredion', 'Roquette Freres', 'Axiom Foods Inc.', 'Burcon NutraScience Corporation', 'Cosucra Groupe Warcoing SA', 'The Scoular Company', 'Emsland Group', 'Sotexpro', 'AGT Food and Ingredients', 'Vestkorn Milling AS', 'Puris Proteins', 'Glanbia plc', 'Farbest Brands', 'Kerry Group plc', 'Batory Foods', 'Biorefinery Solutions', 'Fenchem Biotek Ltd.', 'Gremount International Company Limited', 'Parabel USA Inc.', 'Nutri-Pea Limited'

Due to the rising demand for vegan and vegetarian protein sources, the yellow pea protein industry has been expanding rapidly. To enhance the quality of their products, manufacturers are concentrating on cutting-edge technology and products. Additionally, the need for substitute protein components derived from milk derivatives is driven by the rising number of consumers who are lactose intolerant.

Plant-based transitions are gradual, but in recent years, an increasing number of consumers have adopted a vegan, partially vegan, or flexitarian lifestyle. It is unlikely that consumers will return to their original state after switching to a plant-based animal-based diet. Furthermore, the plant-based market now has far more options than the meat product market, which is more appealing than taste, primarily to millennial and Gen Z consumers. For the millennial and Gen Z generations. The majority of those polled intend to reduce their meat consumption over the next three years. This is also true for milk consumers. With more options, consumers can reduce their consumption of meat and dairy products even further.

North America dominated the market and held the largest share of the Yellow Pea Protein Market. The growth factors for the market is the increasing adoption of pea protein instead of animal protein. Also, the major manufacturing player are available in that region.

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Yellow Pea Protein Market Competitive Landscape

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