North America Pea Protein Market Share, Size & Trends [2031]
North America Pea Protein Market Share, Size & Trends [2031]
Segments - North America Pea Protein market by Applications (Bakery, Nutritional Supplement, Beverage, Snacks, Meat Extender & Substitute, and Others), Product Types (Concentrates, Isolates, and Textured), and Region- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :FB-3101
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| 180 Pages
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Report Description
The North America pea protein market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to large portion of the population today favors non-meat and non-animal origin goods, such as milk or milk-based products, resulting in the increase of pea protein.
Pea protein powder is a dietary supplement manufactured from yellow pea protein. It’s commonly used to boost the protein level in smoothies and shakes, and because it's naturally vegan and hypoallergenic, it's a good fit for practically any diet. Pea protein is an excellent source of iron and a high-quality protein. It can help you gain muscle, lose weight, and improve your heart health.
Increased demand on the world's resources to produce not just more but also diverse types of food will be placed on the world's resources as a result of a growing global population paired with variables such as shifting socio-demographics. Increased demand for animal-based protein, in particular, is predicted to have a severe environmental impact, resulting in increased greenhouse gas emissions, as well as the need for additional water and land.
To address more sustainable production of existing protein sources, as well as new sources for direct human consumption, will be required. As protein content claims are based on protein quality, the regulatory regimes in Canada and the United States are distinct. In Canada and the United States, the protein quality of a diet is measured using the protein efficiency ratio (PER) technique to create a protein rating or a protein digestibility adjusted amino acid score for those under the age of one year (PDCAAS).
When compared to animal-based protein sources, plant-based protein sources contain lower amounts of essential amino acids (mg/g of protein) and lower digestibility coefficients, which impacts their evaluated protein quality. Plant-based proteins are being promoted in dietary guidelines all around the world, including in North America.
Despite the fact that plant-based protein sources such as legumes (soybeans, pulses), nuts, and seeds have always been available, the food industry is responding to dietary guidelines and consumer trends by developing innovative and reformulated foods with significant levels of plant-based protein per serving. The government of Canada announced a CA$150 million commitment to assist promote Canada's plant-based protein sector in 2018, in response to rising interest in the usage of plant-based proteins.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth of Clean-label food products are major factors propelling the market.
- Growing inclination toward vegan diets is anticipated to drive the market in the coming years.
- Rising demand for natural, plant-based diets, as well as rising health and fitness concerns are expected to fuel the market.
- Increasing utilization in wide variety of processed foods is projected to boost the market during the forecast period.
- Rising demand for vegan, non-GMO, gluten-free, and organic products is projected to drive the market in coming years.
- Pea protein consumption is expected to grow as more infant food formulas use allergy-free plant-based proteins for newborn health.
- High cost of extraction and processing is expected to hinder the market growth.
- Availability of cheaper alternative sources such as soy protein acts as key challenges that can restrict the market expansion during the forecast period.
- Developments in protein extraction process is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the North America pea protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Pea Protein Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Bakery, Nutritional Supplement, Beverage, Snacks, Meat Extender & Substitute, and Others), Product Types (Concentrates, Isolates, and Textured) |
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Regional Scope |
North America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Roquette Freres; Emsland Group; Axiom Foods Inc.; Cargill Incorporated |
North America Pea Protein Market Segment Insights
The bakery segment is projected to constitute a key market share
Based on applications, the North America pea protein market is divided into bakery, nutritional supplement, beverage, snacks, meat extender & substitute, and others. The bakery segment is expected to account for a key share of the market during the forecast period owing to pea protein may be found in a wide range of egg-based products including vermicelli, pasta, cookies, and cakes also they are not an allergen and has a higher environment-friendly quotient in comparison with other alternatives.
The isolates segment is expected to expand at a rapid pace
In terms of types, the North America pea protein market is segmented into concentrates, isolates, and textured. The isolates segment is expected to hold a key share of the market in the coming years due to arginine, leucine, glutamine, and the remaining branch chain and essential amino acids are abundant in this isolate. Pea protein isolates have a higher protein purity than pea protein concentrates. All of these characteristics of pea protein make it an appealing choice to customers.
Segments
The North America pea protein market has been segmented on the basis ofApplications
- Bakery
- Nutritional Supplement
- Beverage
- Snacks
- Meat Extender & Substitute
- Others
Product Types
- Concentrates
- Isolates
- Textured
Region
- North America
Key Player
- Roquette Freres
- Emsland Group
- Axiom Foods Inc.
- Cargill Incorporated
Competitive Landscape
Key players competing in the North America pea protein market include Roquette Freres; Emsland Group; Axiom Foods Inc.; Cargill Incorporated, Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
In January 2020, Merit Functional Food Corp, a joint venture firm of Burcon Nutrascience Corp, has obtained a co-investment from the Protein Industry. This advancement will enable Merit Functional Food Corp to expand rapidly in the protein manufacturing business. In January 2020, Rouquette Freres has engaged into a multi-year agreement with Beyond Meat (US) to provide pea protein for Beyond Meat's plant-based meat products.
Frequently Asked Questions
Major companies in the market include Roquette Freres, Emsland Group, Axiom Foods Inc., and Cargill Incorporated.
The Canadian government announced a CA$150 million investment in 2018 to promote the plant-based protein sector, reflecting rising interest and support for plant-based protein sources.
The isolates segment is expected to expand rapidly due to its high protein purity and rich content of essential amino acids, making it highly appealing to consumers.
In Canada and the United States, protein quality for dietary claims is measured using the protein efficiency ratio (PER) or the protein digestibility adjusted amino acid score (PDCAAS), especially for infants under one year.
Key challenges include the high cost of extraction and processing, as well as competition from cheaper alternative protein sources like soy protein.
Pea protein has a lower environmental impact compared to animal-based proteins, as it requires less water and land and produces fewer greenhouse gas emissions. This makes it a more sustainable protein source.
Pea protein is a high-quality, vegan, and hypoallergenic protein source that is rich in iron. It supports muscle gain, weight loss, and heart health, making it suitable for a wide range of diets.
The North America pea protein market offers concentrates, isolates, and textured pea protein products. Isolates are particularly popular due to their higher protein purity and abundance of essential amino acids.
Pea protein is widely used in bakery products, nutritional supplements, beverages, snacks, and as a meat extender or substitute. It is especially popular in egg-based products like pasta, cookies, and cakes due to its non-allergenic and environmentally friendly properties.
The growth of the North America pea protein market is driven by increasing consumer preference for non-meat and non-animal origin products, rising demand for vegan and plant-based diets, health and fitness trends, and the growing use of pea protein in processed foods.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Pea Protein Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pea Protein Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pea Protein Market - Supply Chain
4.5. Global Pea Protein Market Forecast
4.5.1. Pea Protein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pea Protein Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pea Protein Market Absolute $ Opportunity
5. Global Pea Protein Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Pea Protein Market Size and Volume Forecast by Applications
5.3.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Pea Protein Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Pea Protein Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Pea Protein Demand Share Forecast, 2019-2026
7. North America Pea Protein Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Pea Protein Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Pea Protein Market Size and Volume Forecast by Applications
7.4.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Pea Protein Demand Share Forecast, 2019-2026
8. Latin America Pea Protein Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Pea Protein Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Pea Protein Market Size and Volume Forecast by Applications
8.4.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Pea Protein Demand Share Forecast, 2019-2026
9. Europe Pea Protein Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Pea Protein Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Pea Protein Market Size and Volume Forecast by Applications
9.4.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Pea Protein Demand Share Forecast, 2019-2026
10. Asia Pacific Pea Protein Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Pea Protein Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Pea Protein Market Size and Volume Forecast by Applications
10.4.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Pea Protein Demand Share Forecast, 2019-2026
11. Middle East & Africa Pea Protein Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Pea Protein Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Pea Protein Market Size and Volume Forecast by Applications
11.4.1. Bakery Nutritional Supplement Beverage Snacks Meat Extender & Substitute Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Pea Protein Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Pea Protein Market: Market Share Analysis
12.2. Pea Protein Distributors and Customers
12.3. Pea Protein Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Roquette Freres Emsland Group Axiom Foods Inc. Cargill Incorporated
Methodology
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