The Pea Protein Market is expected to reach $1.14 billion by 2029, at a CAGR of 15.7% during the forecast period of 2022 to 2029. In terms of volume, global pea protein market is expected to grow at a CAGR of 12.7% from 2022 to 2029 to reach 4.68 million tons by 2029. The growth of this market is mainly attributed to the rising interest in plant-based nutrition, growing health and wellness trends, the increasing plant-based food market, the rise in consumer awareness regarding nutritional benefits offered by pea and pea-based products, and the accelerated focus of key players on the development of innovative pea protein ingredients. In addition, growth opportunities in emerging markets and the increasing launches of pea protein-based products provide significant growth opportunities for manufacturers in the global pea protein market. However, the significant preference for animal-based proteins worldwide restrains the growth of this market to a notable extent.
Here are the top 10 companies operating in the Pea Protein Market–
Roquette Frères Le Romain (France)
Roquette Frères Le Romain is involved in producing specialty food ingredients and pharmaceutical excipients. The company offers its products through three segments: Pharma, Food & Nutrition, and Industrial Solutions. The company offers non-GMO yellow pea-derived pea protein through its Food & Nutrition segment.
With 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 the Russian Federation.
AGT Food and Ingredients Inc. (Canada)
AGT Food and Ingredients Inc. is engaged in buying, processing, and distributing pulses and manufacturing and distributing ingredients and packaged foods. The company operates through four business segments: Pulses, Milled Grains, Rice, and Other Products. The company offers pea protein for snack foods, meat replacement and extension applications, and other alternative products.
The company has its offices and processing facilities in Canada, the U.S., Turkey, China, Australia, and South Africa, and its merchandising and sales offices in the U.K., the Netherlands, Spain, Switzerland, and India, and origination offices in Russia. Through these offices, the company sells its products in the Americas, Europe, Africa, and Asia.
Cargill, Incorporated (U.S.)
Cargill, Incorporated is involved in manufacturing and marketing food, agriculture, and financial & industrial products & services worldwide. The company operates through five business segments: Food Ingredients & Bio-industrial, Animal Nutrition, Protein & Salt, Agriculture Supply Chain & Energy, and Transportation & Metals. The company offers pea protein for bakery, beverage/beverage powders, dairy alternatives, meat analogs, pet food, and snacks.
With manufacturing facilities in 70 countries, the company sells its products in more than 125 countries worldwide. The company runs operations for plant protein ingredients in the U.S., Canada, Central America, China & Southeast Asia, and the U.K.
Ingredion Incorporated (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 producing and selling ingredient solutions for various industries. The company offers its products through six business segments: Food, Beverage, Paper & Corrugating, Animal Nutrition, Brewing, and Others. The company offers pea protein used in processed foods, such as bakery products, snacks & cereals, and meat substitutes through its Food segment.
The company has its geographic presence in North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.
Archer Daniels Midland Company (U.S.)
Archer Daniels Midland Company (ADM) is involved in procuring, transporting, storing, processing, and merchandising agricultural commodities, products, and ingredients. The company operates through three business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
The company provides plant protein ingredients through its Nutrition segment. Through the Nutrition segment, the company manufactures, markets, and distributes natural flavor ingredients, flavor systems, natural colors, proteins, emulsifiers, soluble fiber, polyols, hydrocolloids, and natural health and nutrition products, including probiotics, prebiotics, enzymes, and botanical extracts; other specialty food and feed ingredients; edible beans; formula feeds, animal health and nutrition products; and contract and private-label pet treats and foods. The company offers isolate and textured pea proteins for functional food and beverages.
With around 450 crop procurement locations, 271 ingredient manufacturing facilities, and 44 innovation centers, the company serves customers in more than 170 countries worldwide.
Meticulous Research in its latest publication on Pea Protein Market has predicted the growth of 15.7% during the forecast year 2022-2029.
Dupont de Nemours and Company (U.S.)
DuPont is involved in the research & development, manufacture, innovation, and marketing of various products for the electronics, transportation, food, water, health & wellness, and construction industries. On June 1, 2019, DowDuPont changed its registered name from “DowDuPont Inc.” to “DuPont de Nemours, Inc.” The company operates through five business segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction, and Non-Core. The company offers plant proteins through its subsidiary DuPont and Nutrition & Biosciences, Inc. The company sells pea protein ingredients under the product range—TRUPRO. TRUPRO pea protein provides plant-based proteins for various applications, including powdered protein beverages, ready-to-drink protein beverages, snack bars & cereals, dairy alternatives, non-dairy yogurts, non-dairy frozen desserts, and meat alternatives.
With 135 manufacturing and processing facilities in 70 countries worldwide, the company has its geographic presence throughout Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
Axiom Foods Inc. (U.S.)
Axiom Foods manufactures and distributes protein solutions, dairy alternatives, and sugars & syrups. The company provides North American-grown yellow pea-derived pea protein in the pea protein space. The company’s pea protein is used in applications, such as meat analogs and extensions for patties, hot dogs, meatballs, and allergen-friendly foods. The company has its geographic presence across North America, Europe, and Asia-Pacific.
Burcon NutraScience Corporation (Canada)
Burcon NutraScience Corporation is engaged in developing and manufacturing functional and renewable plant-based proteins and ingredients for use in the food & beverage industry. The company offers pea protein for various foods and beverages, including dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products. The company has a geographic presence in North America, Europe, and Asia-Pacific.
Glanbia Plc (Ireland)
Glanbia plc is engaged in the research & development, innovation, manufacture, and marketing of nutritional solutions. The company operates through two business segments: Glanbia Nutritionals and Glanbia Performance Nutrition. The Glanbia Nutritionals segment has a portfolio focused on pea protein and other plant-based proteins and delivers nutritional and functional protein ingredient solutions for health supplements, bakery products, and other functional food markets. With 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 (Belgium)
Cosucra Groupe Warcoing SA is engaged in developing and producing natural food ingredients from pea and chicory to food manufacturers. The Company offers yellow pea-derived pea protein isolates. The company serves food & beverage, specific nutrition, meat and savory, and animal feed markets. The Company has its geographic presence in North America, Latin America, Europe, and Asia.
Popular Mentions: Sotexpro (France), Farbest Brands (U.S.), Shandong Jianyuan Foods Co., Ltd. (China), The Emsland Group (Germany), and Nutri-Pea Ltd. (Canada)
Authoritative Research on the Pea Protein Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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