The organic pea protein market is expected to grow at 12.2 % CAGR from 2022 to 2029. It is expected to reach above USD 1167.20 million by 2029 from USD 414.2 million in 2020.
Organic pea protein is a type of plant-based protein that is derived from yellow split peas. It is a popular alternative to animal-based protein sources, such as whey and casein, and is commonly used in plant-based food products and supplements. Organic pea protein is made by grinding and milling yellow split peas into a fine powder, which is then processed to remove the starch and fiber, leaving behind a protein-rich powder. It is considered a high-quality protein source because it contains all nine essential amino acids, which are the building blocks of proteins that the body cannot produce on its own and must be obtained through diet.
The organic pea protein market is expected to experience significant growth due to several drivers. First, there is a growing demand for plant-based protein sources due to health and sustainability concerns. Pea protein is a high-quality, plant-based protein that is vegan, gluten-free, and easily digestible, making it an attractive alternative to animal-based protein sources. Second, the rise in the vegan and vegetarian population has increased demand for plant-based protein sources, driving the growth of the organic pea protein market. Third, the sports nutrition industry has recognized the benefits of plant-based protein sources, leading to increased use of organic pea protein in protein supplements for athletes and fitness enthusiasts.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Million), (Kilotons) |
| Segmentation | By Type, By Product Type, By Crop Type, By Region |
| By Type |
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| By Application |
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| By Form |
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| By Region |
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Despite the growth drivers for the organic pea protein market, there are also several restraints that could potentially limit its growth. One significant restraint is the high cost of organic pea protein compared to other plant-based proteins such as soy and wheat protein. This high cost can make it less appealing to price-sensitive consumers and manufacturers. Additionally, the limited availability of organic peas and the challenges associated with organic farming practices can limit the production and supply of organic pea protein. Another restraint is the potential for negative impacts on the environment, such as deforestation and land-use change, resulting from the increased demand for organic peas.
The organic pea protein market, like many other industries, has been impacted by the COVID-19 pandemic. The pandemic has caused disruptions in the global supply chain and has affected consumer demand patterns. The closure of restaurants, cafes, and other foodservice establishments has led to a decline in demand for organic pea protein from these sectors. On the other hand, the pandemic has resulted in an increased interest in health and wellness, leading to a surge in demand for plant-based protein products, including organic pea protein, from the retail sector. The pandemic has also led to an increase in e-commerce and online sales of organic pea protein products, as consumers are increasingly turning to online channels to purchase their groceries and health supplements. However, the disruption in the global supply chain has resulted in challenges in the sourcing of raw materials and the transportation of finished products, leading to a rise in prices and a shortage of organic pea protein in some regions. Overall, the impact of the COVID-19 pandemic on the organic pea protein market has been mixed, with both positive and negative effects on the industry.
The organic pea protein market is expected to grow at 12.2 % CAGR from 2022 to 2029. It is expected to reach above USD 1167.20 million by 2029 from USD 414.2 million in 2020.
North America organic pea protein market was valued at USD 218.98 million in 2022 and was projected to grow at a rapid rate during the forecast period of 2022-2029.
Some of the driving forces behind the organic pea protein market include increasing demand for high-quality and safe food products, growing population engaged in agriculture, favourable climatic conditions, increasing adoption of sustainable agriculture practices, and government initiatives to promote agricultural development. These factors are expected to continue to drive the market in the coming years.
The major players in the organic pea protein market include Axiom Foods Inc., The Scoular Company, Roquette Frères, Farbest Brands, Nutri-Pea Limited, Burcon NutraScience Corporation, Fenchem Biotek Ltd., Glanbia plc, Prinova Group LLC, and The Green Labs LLC.
One leading application of the organic pea protein market is in the food and beverage industry, where it is used as an ingredient in various products such as plant-based meat alternatives, dairy-free products, nutritional supplements, and bakery goods. Organic pea protein is an excellent source of plant-based protein and is considered a healthier and more sustainable alternative to animal-based proteins such as whey and casein. It is also allergen-free, gluten-free, and easy to digest, making it suitable for a wide range of consumers, including those with dietary restrictions or intolerances.
North America is the largest regional market for organic pea protein, driven by the growing demand for plant-based protein and the increasing number of consumers adopting vegan and vegetarian diets. The region also has a well-established food and beverage industry and a high level of consumer awareness regarding health and wellness, which further supports the growth of the organic pea protein market.
The organic pea protein market is segmented based on type, application, form, and region.
Based on type among isolates, concentrates, and textured, isolates are the largest segment for the organic pea protein market. This is because isolates have the highest protein content, typically around 90%, and are the most versatile of the three types. They can be used in a wide variety of applications, including sports nutrition products, baked goods, and meat substitutes, among others. Isolates also have a neutral taste and can easily be incorporated into food and beverage formulations without affecting the overall taste profile. In addition, isolates are often preferred by consumers looking for a high-protein, plant-based alternative to traditional animal-based proteins. The demand for isolates is expected to continue to grow as more consumers turn to plant-based diets and seek out protein sources that are sustainable, ethically sourced, and healthy.
The largest segment for the organic pea protein market based solely on application is nutritional supplements. Nutritional supplements are one of the largest segments for organic pea protein. This is because organic pea protein is a rich source of essential amino acids and is commonly used in protein powders and supplements. Additionally, the increasing demand for plant-based protein sources in the sports nutrition industry is driving the growth of the organic pea protein market in the nutritional supplement segment. The demand for organic pea protein in the beverage, meat extenders and analogs, and snacks and bakery products segments are also growing due to the rising trend of plant-based food consumption and the increasing consumer preference for clean label and non-GMO products.
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The organic pea protein market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
The North America organic pea protein market is expected to witness significant growth in the forecast period due to the growing demand for plant-based protein products and increasing consumer awareness about the benefits of organic and natural products. The region has a well-established food and beverage industry that is actively adopting organic pea protein as an alternative to animal-based protein sources. The nutritional supplement segment is expected to be the largest application segment, driven by the growing demand for plant-based protein supplements among fitness enthusiasts and athletes. The beverage segment is also expected to witness significant growth due to the increasing demand for plant-based milk alternatives. The United States is expected to dominate the North America organic pea protein market, owing to the presence of major players, a growing health and wellness trend, and an increasing preference for plant-based diets. Canada is also expected to witness significant growth due to a rising vegan population and an increasing demand for organic and natural products. However, the high cost of organic pea protein compared to conventional protein sources and the availability of alternative plant-based protein sources could restrain market growth.
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