Organic Pea Protein Market Size to Exceed US$52 Bn in Revenue by 2029, Demand for Natural, Sustainable, and Plant-based Crucial

November 2022

Today, consumers around the world are rapidly seeking food options that are healthy and plant-based. The pursuit of unhealthy lifestyles, coupled with insufficient physical exercise, is increasing the incidence of obesity and its associated conditions. Considering this, people are exhibiting a strong resolve to switch to plant-based diets. This is impacting the demand for organic consumables, one of them being organic pea protein. In its recent study, Fairfield Market Research predicts that the global organic pea protein market will garner favorable business opportunities, strengthening existing revenue streams.

The organic pea protein market observed a revenue worth US$17.8 Bn in 2021 and is expected to reach a valuation of nearly US$52.2 Bn by the end of 2029. The market is forecasted to register a whopping CAGR of 14.5% over the study period. Other factors such as rising demand for gluten-free and plant-sourced foods, growth in antibiotics consumption, and a flourishing vegan population will also augment the demand for organic pea protein while creating a positive scope for product differentiation. 

Prominent Trends & Insights Across Organic Pea Protein Market

• On the basis of application, beverages will account for the highest market share. It was estimated to be around US$10,166.8 million in 2020.
  
  
• The demand for dry organic pea protein will be more as opposed to its liquid variant as the former has wider and more versatile end-use applications.
• Europe, being the largest organic pea protein market, holds over 27% share in overall market valuation. It is projected to register a value CAGR of 14.1% by 2029 end.

Consumer Demand for Sustainable Food Items Positively Influences Market Expansion

Globally, consumers have been seeking sustainable food options which mostly include plant-based products. This trend has drastically reduced consumer preference for milk-and-meat-based food items. During the forecast period, this scenario is predicted to bode extremely well for the global organic pea protein market, especially as people continue to interlink health and sustainability. This essentially means that consumers are demanding products that they consider harmless or good for the environment.

Against this landscape, the demand for organic pea protein is expected to surge. It is anticipated that beverages will observe the most significant demand for organic pea protein in terms of application; moreover, the demand for meat extenders and analogues will also increase over the forecast period. All these factors are set to unlock fruitful outcomes in the organic pea protein market.

Europe, North America Leading Players; Asia Pacific Rising as a Lucrative Regional Market

Europe, followed by North America, is expected to sustain its position as the leading organic pea protein market due to the strong preference by consumers for healthy and natural food products. Meanwhile, the Asia Pacific is rising as a promising market amid frequent product launches in the plant-based consumables segment and the surging demand for nutraceuticals. Consumers across Asia Pacific are also exhibiting a preference for organic food items, especially as lifestyle-related metabolic disorders are becoming prevalent. Consequently, the market here is poised to emerge as a formidable organic pea protein in the coming years.

Major Market Players

Ingredion Incorporated, FENCHEM, Roquette Frères, Axiom Foods, Inc, Puris, DuPont, Scoular Company, A&B Ingredients, Emsland Group, and Glanbia plc. are some of the main players in the global organic pea protein market.