Yellow Pea Protein Market is expected to surpass US$ 11.5 billion by 2033

The yellow pea protein market is predicted to capture a valuation of US$ 3.3 billion in 2023 and is projected to rise to US$ 11.5 billion by 2033. As per the FMI report, the market is likely to register a CAGR of 14.4% during the forecast period.

Food & beverage manufacturers are developing nutrition supplements by increasing the adoption of yellow pea protein, such as energy drinks and smoothies. The rising consumer demand for vegan, high-fiber, clean-label, and non-toxic food products is surging market growth. In addition, growing awareness related to health and rising cardiovascular diseases is rapidly increasing yellow pea protein nutrition.

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Increasing disposable income, urbanization, population, and changing eating habits fuel market opportunities. Manufacturers are developing food & beverage products by adopting advanced technology and adding natural ingredients. In addition to that, it enhanced the shelf-life of food and improved quality by adding vegan ingredients surging the product demand globally. Growing consumer demand for food items such as plant-based milk, vegan burger, milkshakes, and supplements drive the yellow pea protein market.

Social media influencers, athletes, and famous personalities promote top companies’ brands to make people aware customers of healthy diets. The yellow pea protein is the better alternative source that reduces weight and cholesterol and promotes a healthy heart. However, people cannot maintain their healthy lifestyles due to hectic lifestyles. Therefore, plant-based protein producers develop packed supplements to provide proper healthy nutrition to their consumers.

High Cost of Yellow Pea Protein Limits the Market Growth

The market is promoting a healthy lifestyle by increasing the production of plant-based products. However, key manufacturers faced certain roadblocks that declined the market growth, which included the increasing cost of yellow pea protein supplements and Isolates restraining the market growth.

The low availability of plant-based raw materials and alternate substitutes limits the market growth. Moreover, a few consumers suffer from lactose intolerance hinders the market.

Key Takeaways:

  • The yellow pea protein market is expected to have a valuation of US$ 11.5 billion by 2033.
  • With a CAGR of 14.4%, the global market is increasing during the forecast period.
  • The market in the United States is anticipated to capture a CAGR of 8.9% through 2033.
  • With a CAGR of 11.6%, the United Kingdom yellow pea protein market significantly uplifts during the forecast period.
  • German market is expected to secure a CAGR of 9.8% over the forecast period.
  • China market is capturing a CAGR of 13.2% by 2033.

Who is Winning?

The key players play a vital role in the global market by capturing maximum revenue by investing their amount in research and development activities. In addition, these players are focusing on developing better quality products per consumers’ requirements.

The prominent players innovate plant-based products to promote a healthy lifestyle by adopting several marketing methodologies. Marketing strategies adopted by these players are collaborations, mergers, partnerships, product launches, and acquisitions.

Other Prominent Players in the Market are:

  • Cargill Inc.
  • DuPont de Nemours, Inc.
  • The Scoular Company
  • Axiom Foods, Inc.
  • Glanbia Ple
  • Roquette Frères
  • Kerry Group PLC
  • Bata Food
  • Shandong ianyan Group
  • The Green Lab LLC
  • Puris Proteins LLC
  • Burcon NutraScience Corporation
  • Cosucra Groupe Warcoing S.A.

Recent Developments in the Market are:

  • In 2018, Axiom Foods announced its new distributor Univar Solutions, to supply goods & services of plant-based ingredients.
  • In 2021, Puris Proteins LLC announced a newly launched plant for manufacturing yellow pea protein to upsurge its business in the United States.
  • In February 2018, DuPont de Nemours Inc announced its launch of BAIC (Bay Area Innovation Center) to upsurge agricultural biotechnology and technological development.

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Yellow Pea Protein Market by Category

By Product Type:

  • Protein Concentrates
  • Protein Isolates
  • Textured Protein
  • Hydrolyzed Protein

Processing Type:

  • Dry Processing
  • Wet Processing

End Use:

  • Food Processing
    • Meat Alternatives
    • Bakery Products
    • Confectionery
    • Snacks & Cereals
    • Meat-based Products
    • Functional Beverages
    • Others
  • Animal Feed
  • Nutraceuticals
  • Sports Nutrition
  • Infant Nutrition
  • Cosmetic & Personal Care

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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