The demand for pea protein in Western Europe is projected to soar, with a robust CAGR of 10.4% through 2033, reaching a valuation of US$ 2,956 million. Researchers are increasingly exploring pea protein as a sustainable alternative to plant proteins like soybean, driving positive prospects for the market. Key players are enhancing the protein profile of plant-based dairy alternatives to attract customers, while consumer trends favoring plant-based diets and the adoption of pea protein in sports nutrition further propel market growth.
Consumers in Western Europe are seeking nutrient-packed food products, leading to a rise in demand for pea protein isolates and other healthful components. The growing fitness trends and increasing cases of chronic diseases also contribute to the demand for diverse formats of pea protein in diets. Moreover, the rising population of vegans and vegetarians in the region fuels the demand for entirely vegan, lactose-free food ingredients like pea protein.
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Growing Factor:
One of the key factors driving the growth of the pea protein market is the heightened innovation initiatives by players in Western Europe. Companies are developing and supplying new products that resonate with Gen Z and millennials, boosting the adoption of pea proteins. Additionally, the preference for dry processing methods, which yield higher protein volume with less energy consumption and waste generation, contributes to market expansion.
Key Takeaway:
- Rapid Market Expansion: With a projected CAGR of 10.4% and a forecasted valuation of US$ 2,956 million by 2033, the pea protein market in Western Europe presents lucrative investment opportunities.
- Consumer Preference for Plant-Based Diets: Increasing awareness about health and sustainability is driving the adoption of plant-based diets, fueling the demand for pea protein in the food processing industry.
- Innovation and Sustainability: Key players are focusing on innovation and sustainability to meet consumer demands and address global challenges, enhancing accessibility and sales of pea protein-based products.
Core Strategies for Pea Protein Companies in Western Europe
Key players in pea protein in Western Europe are buckling down to research and development of advanced extraction technology to obtain premium pea proteins. Participants can be seen uniting with companies in end-use industries like food processing to develop product offerings enriched with pea protein. Apart from this, producers are collaborating with eCommerce portals to strengthen the accessibility of products. With robust marketing plans, key players can highly profit from significant pea protein prospects in Western Europe.
New Developments Enhancing the Scope of Pea Protein in Western Europe
- In December 2022, Royal DSM introduced a first-of-its-kind plant protein called VertisTM Textured Pea Canola Protein. The solution is a textured vegetable protein with the accurate ratios of nine amino acids necessary for making a complete protein. The product is targeted at food producers that are developing plant-forward products.
- In October 2022, Roquette introduced organic pea protein isolates for meat and dairy alternatives. The company provides the option of full traceability back to the farm.
- In 2023, Vgarden is expected to introduce new cheese composed of pea and soy to the global markets, including Western Europe.
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Some of the Key Players offering Pea Protein in Western Europe
- Cargill
- Ingredion
- DSM
- ADM
- Kerry Group
- Roquette Frères
- Axiom Foods
- The Scoular Company
- Naturz Organics
- Others
Key Segments
By Nature:
- Organic
- Conventional
By Product Type:
- Protein Concentrates
- Protein Isolates
- Textured Protein
- Hydrolyzed Protein
By End-use Industry:
- Food Processing
- Meat Alternatives
- Bakery Products
- Confectionery
- Snacks & Cereals
- Meat-Based Products
- Functional Beverages
- Others
- Animal Feed
- Livestock
- Cattle
- Swine
- Poultry
- Pet Food
- Aquafeed
- Livestock
- Nutraceuticals
- Dry Processing
- Sports Nutrition
- Infant Nutrition
- Cosmetic and Personal Care
By Countries:
- Germany
- Italy
- France
- The United Kingdom
- Spain
- BENELUX
- Russia
- Rest of Europe
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