The global pea protein market is expected to reach $961.2 million by 2028, at a CAGR of 15.2% during the forecast period of 2021 to 2028. Over the last five years, the global number of new products with protein claims has increased rapidly. Also, the plant-based protein segment is booming as the consumption of protein rich diet across the globe has grown exponentially in the last decade. Consumers are increasingly aiming for a responsible lifestyle with a focus on health and wellness, including “natural”, “free from”, and “sustainable” products. A solution can be found with pea protein being all natural, gluten-free, soy free, and hypo-allergenic. Pea protein has an excellent amino acid profile as well as a good protein digestibility. A growth in the consumption of pea protein has been mainly triggered by the sports nutrition segment where consumers positively link protein with improved sports performance. The growing focus on healthy living and weight management is the additional trend that boosts the growth of the global pea protein market.
Here are the top 10 companies operating in Pea Protein Market–
Roquette Frères Le Romarin
Founded in 1933 and headquartered at France, Roquette Frères Le Romarin is involved in the production of specialty food ingredients and pharmaceutical excipients. The company offers its products through pharma, food & nutrition, and industrial solutions. The company provides pea protein through its food & nutrition segment.
With the 20 operating plants and several sales subsidiaries, the company has its geographic presence in France, the U.S., China, Korea, Japan, Singapore, India, Mexico, France, Italy, Spain, Romania, the U.K., Germany, Finland, and Russian Federation.
Founded in 1906 and headquartered in Westchester, the U.S., Ingredion Incorporated was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. The company is involved in the producing and selling of ingredient solutions for various industries. The company offers their products through six business segments, namely food, beverage, paper &corrugating, animal nutrition, brewing, and others. The company offers pea protein through its food segment, which are further used in processed products such as bakery products, snacks & cereals, and meat substitutes.
The company has its geographic presence in North America, South America, Asia Pacific, Europe, and the Middle East and Africa.
Founded in 1972 and headquartered at Tralee, Ireland; Kerry Group is engaged in research & development and manufacturing of functional ingredients and actives for food, beverage, and pharmaceutical industries. The company operates via two business segments, namely taste & nutrition and consumer foods. The company offers pea protein through its taste and nutrition business segment. The company’s pea protein is majorly used in pet food, meat & poultry, sea food, beverages, and bakery industries.
With 130 manufacturing locations in 28 countries, the company sells its products in more than 160 countries.
NOW Health Group, Inc.
Founded in 1968 and headquartered at Bloomingdale, Illinois, the U.S., NOW Health Group, Inc. is involved in the manufacturing and distribution of premium quality dietary supplements and natural products. The company provides dietary supplements, natural foods, sports nutrition, natural supplements, and personal care products. The company has its presence in North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.
Axiom Foods Inc.
Founded in 2005 and headquartered at Los Angeles, the U.S., Axiom Foods Inc. is involved in the manufacturing and distribution of protein solutions, dairy alternatives, and sugars & syrups. In pea protein space, the company provides organic, chemical-free, hexane-free, and allergen-free protein. The company provides pea protein for food & beverages and sports nutrition industries. The company also offers pea proteins through its sister company Growing Naturals LLC (California), which is founded in 2009.
The company has its geographic presence throughout the North America, Europe, and Asia-Pacific.
A report into the projected growth of the current Pea Protein Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 15.2%, reaching over $961.2 million.
Burcon NutraScience Corporation
Founded in 1998 and headquartered at Vancouver, Canada, Burcon NutraScience Corporation is engaged in developing and manufacturing functional and renewable plant-based products. The company offers specialty pea protein for the food and beverage industries. The company has its geographic presence into the North America, Europe, and Asia-Pacific.
Headquartered at Kilkenny, Ireland; Glanbia plc was formed in 1997 out of the merger of Avonmore Foods plc & Waterford Foods plc. The company is involved in research & development, innovation, manufacturing, and marketing of nutritional solutions. The company operates through four business segments, namely performance nutrition, global ingredients, dairy Ireland, and joint ventures & associates. The company’s nutritionals segment has a portfolio focused on pea proteins which deliver nutritional and functional ingredient solutions for food & beverages, infant nutrition, and functional nutrition markets.
With the major production facilities in Ireland, the U.S., the U.K., Germany, and China, the company serves customers in more than 130 countries.
Cosucra Groupe Warcoing SA
Founded in 1852 and headquartered at Pecq, Belgium; Cosucra Groupe Warcoing SA is engaged in developing and producing natural food ingredients to food manufacturers. The company offers chicory soluble fibers, pea protein isolates, and pea fibers. The company serves food and beverage, specific nutrition, meat and savory, and animal feed markets.
The company has its geographic presence in the North America, Latin America, Europe, and Asia.
Founded in 1995 and headquartered at Bermericourt, France, Sotexpro is a subsidiary of GEMEF industries. The company is engaged in research & development and manufacturing of nutritional and functional ingredients. The company offers textured pea protein, pea flakes, and pea flour for human food and animal feed industries.
The company has its geographic presence throughout the Europe, North America, Latin America, and Asia.
Founded in 1955 and headquartered at New Jersey, the U.S., Farbest Brands is involved in manufacturing and delivering food and nutrition ingredients. The company’s product portfolio includes dairy proteins, plant proteins, gum acacia, natural colors, organic ingredients, sweeteners, and vitamins & carotenoids. Pea protein further used in dairy products, snacks and cereals, beverages, nutrition & energy bars, and vegetarian meat analogs. The company has its geographic presence in North America.
Popular Mentions: Emsland Starke GmbH
Authoritative Research on the Pea Protein Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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