Yellow Pea Protein Market Size, Share, Growth Analysis, By Type(Isolate, concentrate, textured), By Source process(Conventional, organic.), By Processing method(Dry, wet), By Application(Nutrition & health supplements, meat & alternative meat products, bakery products, dairy & dairy alternatives), By Form(Powder, liquid), By Region - Industry Forecast 2024-2031

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).

The need for protein substitutes has grown during the last few years. Due to the consumption of yellow pea protein’s health benefits and the rising number of health-conscious customers around the world, the global yellow pea protein market has experienced substantial expansion in recent years. Pea protein has greatly increased in popularity, despite the market for protein components still being dominated by animal-based and soybean proteins. Yellow pea proteins are an excellent source of lysine, antifungal bioactive peptides, dietary lectins, and other health-promoting properties, that accelerate the market growth.

The advantages of pea protein consumption over animal protein or other plant-based protein sources, including sustainable production, reduced allergenicity, and health benefits, are credited with the increase in interest in pea protein. The market is anticipated to expand more quickly as customers strive for simplified labelling, tasty goods, and different protein sources to satisfy specific dietary preferences.

US Yellow Pea Protein Market is poised to grow at a sustainable CAGR for the next forecast year.