Table of Content
"1 INTRODUCTION 29
1.1 OBJECTIVES OF THE STUDY 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
FIGURE 1 PEA PROTEIN MARKET SEGMENTATION 30
TABLE 1 INCLUSIONS AND EXCLUSIONS 30
1.4 REGIONAL SEGMENTATION 31
1.5 PERIODIZATION CONSIDERED 31
1.6 CURRENCY CONSIDERED 32
1.7 UNITS CONSIDERED 32
1.8 STAKEHOLDERS 33
1.9 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 PEA PROTEIN MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Key industry insights 36
2.1.2.2 Breakdown of primary interviews 36
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.2 MARKET SIZE ESTIMATION 37
FIGURE 4 PEA PROTEIN MARKET SIZE ESTIMATION, BY TYPE– SUPPLY SIDE 38
FIGURE 5 PEA PROTEIN MARKET SIZE ESTIMATION – DEMAND SIDE 38
2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 39
FIGURE 6 PEA PROTEIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 39
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
FIGURE 7 PEA PROTEIN MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 40
2.3 DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION 41
2.4 ASSUMPTIONS FOR THE STUDY 42
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 43
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 43
2.6.1 SCENARIO-BASED MODELLING 44
2.7 INTRODUCTION TO COVID-19 44
2.8 COVID-19 HEALTH ASSESSMENT 44
FIGURE 9 COVID-19: THE GLOBAL PROPAGATION 45
FIGURE 10 COVID-19 PROPAGATION: SELECT COUNTRIES 45
2.9 COVID-19 ECONOMIC ASSESSMENT 46
FIGURE 11 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 46
2.9.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 47
FIGURE 12 CRITERIA IMPACTING THE GLOBAL ECONOMY 47
FIGURE 13 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 48
3 EXECUTIVE SUMMARY 50
TABLE 2 PEA PROTEIN MARKET SNAPSHOT, 2022 VS. 2027 51
FIGURE 14 PEA PROTEIN MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 51
FIGURE 15 PEA PROTEIN MARKET, BY FORM, 2022 VS 2027 (USD MILLION) 52
FIGURE 16 PEA PROTEIN MARKET, BY SOURCE, 2022 VS 2027 (USD MILLION) 52
FIGURE 17 PEA PROTEIN MARKET, BY APPLICATION, 2022 VS 2027 (USD MILLION) 53
FIGURE 18 PEA PROTEIN MARKET: REGIONAL SNAPSHOT 54
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES IN THE PEA PROTEIN MARKET 55
FIGURE 19 LACK OF ALLERGEN PROPERTIES IS AIDING THE GROWTH OF PEA IN TERMS OF CONSUMER ACCEPTABILITY AGAINST CONVENTIONAL PLANT-BASED PROTEINS 55
4.2 PEA PROTEIN MARKET, BY REGION 56
FIGURE 20 EUROPE TO DOMINATE THE PEA PROTEIN MARKET FROM 2022 TO 2027 (USD MILLION) 56
FIGURE 21 NORTH AMERICA TO GROW AT THE HIGHEST CAGR FROM 2022 TO 2027 (TONS) 56
4.3 PEA PROTEIN MARKET, BY TYPE 57
FIGURE 22 PEA PROTEIN ISOLATES TO BE THE LARGEST THROUGHOUT THE FORECAST PERIOD (USD MILLION) 57
FIGURE 23 TEXTURED PEA PROTEIN IS PROJECTED TO GROW AT THE HIGHEST CAGR THROUGHOUT THE FORECAST PERIOD (TONS) 57
4.4 PEA PROTEIN MARKET, BY SOURCE 58
FIGURE 24 YELLOW SPLIT PEA IS ESTIMATED TO BE THE LARGEST SEGMENT DURING THE FORECAST 2022 TO 2027 (USD MILLION) 58
4.5 PEA PROTEIN MARKET, BY FORM 58
FIGURE 25 DRY PEA PROTEIN TO BE THE LARGER SEGMENT THROUGHOUT THE FORECAST PERIOD (USD MILLION) 58
FIGURE 26 DRY PEA PROTEIN TO GROW AT THE HIGHEST CAGR THROUGHOUT THE FORECAST PERIOD (TONS) 59
4.6 PEA PROTEIN MARKET, BY APPLICATION 59
FIGURE 27 PEA PROTEIN IN FOOD APPLICATION TO BE THE LARGEST THROUGHOUT THE FORECAST PERIOD (USD MILLION) 59
FIGURE 28 PEA PROTEIN IN BEVERAGES TO GROW AT THE HIGHEST CAGR THROUGHOUT THE FORECAST PERIOD (TONS) 60
4.7 EUROPE: PEA PROTEIN MARKET, BY TYPE & KEY COUNTRY 60
FIGURE 29 ISOLATES ACCOUNTED FOR THE LARGEST SHARE OF THE EUROPEAN PEA PROTEIN MARKET IN 2021 60
FIGURE 30 MARKETS IN CANADA, THE US, MEXICO, AND THE UK ARE PROJECTED TO GROW AT THE HIGHEST RATES DURING THE FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
FIGURE 31 GLOBAL CHICKPEA AND GREEN PEA PRODUCTION, 2016-2020 (MILLION TONNES) 63
5.2 MARKET DYNAMICS 63
FIGURE 32 MARKET DYNAMICS: PEA PROTEIN MARKET 63
5.2.1 DRIVERS 64
5.2.1.1 Growing vegan population and popularity of plant-based products 64
FIGURE 33 TOP FIVE COUNTRIES WITH HIGHEST INTEREST RATES OF VEGANISM AMONGST POPULATIONS, 2020 64
5.2.1.2 Advancements in extraction and processing technologies 65
FIGURE 34 GLOBAL RISE IN PATENTS GRANTED FOR NEW PEA PROTEIN EXTRACTION PROCESSES, 2016-2020 65
FIGURE 35 TOP APPLICANT COMPANIES FOR NEW PEA PROTEIN EXTRACTION TECHNOLOGIES, 2016-2020 65
5.2.1.3 Growing consumer awareness about nutritional benefits offered by pea and pea-based products 66
5.2.1.4 Increase in demand for gluten-free food products 66
5.2.2 RESTRAINTS 66
5.2.2.1 High cost of raw material 66
5.2.2.2 Low processing outputs result in limited supply to manufacturers 67
FIGURE 36 PEA EXTRACTION: INDUSTRIAL PROCESS 67
FIGURE 37 PEA EXTRACTION: PILOT PROCESS 67
5.2.3 OPPORTUNITIES 68
5.2.3.1 Increasing focus on innovation and developments of better pea protein extracts & products in global markets 68
5.2.3.2 Lack of allergen properties helping acceptability against conventional plant-based proteins 68
TABLE 3 PROTEIN SOURCES: COMPARISON 69
5.2.3.3 Advancements in texture properties supporting adoption in baking and meat processing ingredients 69
5.2.3.4 Rise in demand from the pet food industry 69
5.2.4 CHALLENGES 70
5.2.4.1 Supply constraints due to unstable production of peas hampering growth prospects 70
6 INDUSTRY TRENDS 71
6.1 SUPPLY CHAIN ANALYSIS 71
FIGURE 38 IMPORTANCE OF MANUFACTURING STEPS IN THE SUPPLY CHAIN OF PEA PROTEINS DUE TO HIGH TECHNICALITIES 72
6.1.1 SMOOTH PROCUREMENT OF RAW MATERIALS 72
6.1.2 APT DISTRIBUTION CHANNEL TO REDUCE DEMAND-SUPPLY GAP 72
6.2 VALUE CHAIN ANALYSIS 73
FIGURE 39 RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING OF PEA PROTEIN CONTRIBUTE TO OVERALL VALUE 73
6.3 PATENT ANALYSIS 74
FIGURE 40 NUMBER OF PATENTS GRANTED BETWEEN 2018 AND 2021 74
FIGURE 41 TOP 10 INVESTORS WITH THE HIGHEST NUMBER OF PATENT DOCUMENTS 74
FIGURE 42 KEY APPLICANT COUNTRIES WITH PEA PROTEIN PATENTS, 2018-2022 75
TABLE 4 SOME PATENTS PERTAINING TO PEA PROTEINS, 2020-2021 76
6.4 REGULATORY FRAMEWORK 78
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 7 ASIA-PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
6.5 PEA PROTEINS MARKET ECOSYSTEM/MARKET MAP 82
FIGURE 43 MARKET ECOSYSTEM 82
FIGURE 44 MARKET MAP 83
TABLE 8 PEA PROTEINS MARKET: SUPPLY CHAIN (ECOSYSTEM) 83
6.6 TRENDS/DISRUPTIONS IMPACTING BUYERS/ FOR PEA PROTEIN MARKET 84
FIGURE 45 TRENDS/DISRUPTIONS IMPACTING BUYERS/ FOR PEA PROTEIN MARKET 84
6.7 TECHNOLOGY ANALYSIS 84
6.7.1 FERMENTATION METHOD 84
6.8 PORTER’S FIVE FORCES ANALYSIS 85
TABLE 9 PEA PROTEINS MARKET: PORTER’S FIVE FORCES ANALYSIS 85
6.8.1 THREAT OF NEW ENTRANTS 85
6.8.2 THREAT OF SUBSTITUTES 85
6.8.3 BARGAINING POWER OF SUPPLIERS 85
6.8.4 BARGAINING POWER OF BUYERS 86
6.8.5 DEGREE OF COMPETITION 86
6.9 TRADE DATA ANALYSIS 86
TABLE 10 EXPORT DATA OF PEAS FOR KEY COUNTRIES, 2019 (VALUE AND VOLUME) 86
TABLE 11 IMPORT DATA OF PEAS FOR KEY COUNTRIES, 2019 (VALUE AND VOLUME) 87
6.10 PRICING ANALYSIS 89
6.10.1 INTRODUCTION 89
FIGURE 46 PRICING ANALYSIS: PEA PROTEIN MARKET, BY REGION,
2017-2021 (USD PER/KG) 89
FIGURE 47 PRICING ANALYSIS: PEA PROTEIN MARKET, BY TYPE,
2017-2021 (USD PER/KG) 90
FIGURE 48 PRICING ANALYSIS: PEA PROTEIN MARKET, BY FORM,
2017-2021 (USD PER/KG) 90
FIGURE 49 PRICING ANALYSIS: PEA PROTEIN MARKET, BY APPLICATION,
2017-2021 (USD PER/KG) 91
FIGURE 50 PRICING ANALYSIS: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017-2021 (USD PER/KG) 91
6.11 PRICING FACTORS IMPACTING THE PEA PROTEINS MARKET 92
6.11.1 RAW MATERIAL VARIETIES AND CLIMATE CONDITIONS 92
6.11.2 FAVOURABLE CLIMATIC CONDITIONS TO PRODUCE BASE MATERIAL 92
6.11.3 DEMAND AND SUPPLY FACTORS 92
6.11.4 MANUFACTURING COST 92
6.11.5 LOGISTIC COST 93
6.11.6 REGULATORY REFORMS 93
6.11.7 NATURE OF COMPETITION IN THE MARKET 93
6.11.8 ECONOMIC CONDITION 93
6.11.9 PRODUCT LIFE CYCLE 94
6.12 CASE STUDY ANALYSIS: THE PEA PROTEINS MARKET 94
TABLE 12 ROQUETTE FRERES: CONSTRUCTING NEW PROTEIN PLANT 94
TABLE 13 INGREDION INCORPORATED: DEVELOPING INGREDIENTS FOR NEW RECIPES 94
7 PEA PROTEIN MARKET: A COMPARATIVE ANALYSIS WITH ALTERNATIVE PROTEIN SOURCES 95
7.1 WHAT IS A PEA PROTEIN? 95
FIGURE 51 MAJOR HIGHLIGHTS IN THE PEA PROTEIN INDUSTRY 96
7.2 PROTEIN CONSUMPTION, BY SOURCE, 2018 96
FIGURE 52 GROWING VEGAN POPULATION AND SUSTAINABLE PROTEIN SOURCES’ DEMAND TO DRIVE PLANT-BASED PROTEIN ALTERNATIVES 96
FIGURE 53 PEA PROTEIN: COMPREHENSIVE PROFILE 97
FIGURE 54 SOY PROTEIN: COMPREHENSIVE PROFILE 97
FIGURE 55 INSECT PROTEIN: COMPREHENSIVE PROFILE 98
FIGURE 56 MYCOPROTEIN: COMPREHENSIVE PROFILE 98
FIGURE 57 CULTURED MEAT: COMPREHENSIVE PROFILE 99
FIGURE 58 WHEY PROTEIN: COMPREHENSIVE PROFILE 99
7.2.1 WHAT IS THE NEED FOR INNOVATION IN THE PEA PROTEIN INDUSTRY? 100
7.2.2 COMPARATIVE ANALYSIS OF PROFILES OF KEY PLANT PROTEIN PRODUCTS 100
7.3 WHAT IS NEEDED TO EXCEL IN THE PEA PROTEIN INDUSTRY? 101
7.3.1 KEY SUCCESS ENABLERS 102
FIGURE 59 RENEWED BUSINESS MODELS AND REVISED STRATEGIES TO LEAD PEA PROTEIN MARKET IN A NEW DIRECTION 102
7.3.2 CONCLUSION 102
8 PEA PROTEIN MARKET, BY TYPE 103
8.1 INTRODUCTION 104
FIGURE 60 COUNTRY- AND CATEGORY-WISE PEA PROTEIN PATENTS APPLIED BETWEEN 2017 AND 2021 104
FIGURE 61 PEA PROTEIN MARKET SIZE, BY TYPE, 2022 VS. 2027 (USD MILLION) 105
TABLE 14 PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 105
TABLE 15 PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 105
TABLE 16 PEA PROTEIN MARKET, BY TYPE, 2017–2020 (TONS) 106
TABLE 17 PEA PROTEIN MARKET, BY TYPE, 2021–2027 (TONS) 106
8.2 ISOLATES 106
8.2.1 GROWING INNOVATIONS IN THE SECTOR FOR THE DEVELOPMENT OF NEWER HIGH-QUALITY PROTEIN ISOLATES 106
TABLE 18 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2017–2020 (USD MILLION) 107
TABLE 19 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2021–2027 (USD MILLION) 107
TABLE 20 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2017–2020 (TONS) 108
TABLE 21 ISOLATES: PEA PROTEIN MARKET, BY REGION, 2021–2027 (TONS) 108
8.3 CONCENTRATES 108
8.3.1 PEA PROTEIN CONCENTRATES HAVE WIDE APPLICATIONS IN SNACKS AND BEVERAGE ITEMS 108
TABLE 22 CONCENTRATES: PEA PROTEIN MARKET, BY REGION,
2017–2020 (USD MILLION) 109
TABLE 23 CONCENTRATES: PEA PROTEIN MARKET, BY REGION,
2021–2027 (USD MILLION) 109
TABLE 24 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2017–2020 (TONS) 109
TABLE 25 CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2021–2027 (TONS) 110
8.4 TEXTURED 110
8.4.1 TEXTURED PEA PROTEIN HELPS MANUFACTURERS TO MEET THE HIGH DEMAND FOR PLANT-BASED MEAT 110
TABLE 26 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2017–2020 (USD MILLION) 110
TABLE 27 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2021–2027 (USD MILLION) 111
TABLE 28 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2017–2020 (TONS) 111
TABLE 29 TEXTURED: PEA PROTEIN MARKET, BY REGION, 2021–2027 (TONS) 111
9 PEA PROTEIN MARKET, BY SOURCE 112
9.1 INTRODUCTION 113
TABLE 30 COMPARISON OF ESSENTIAL AMINO ACID PROFILES IN PEA, SOYBEAN, RICE, AND WHEAT 113
TABLE 31 CLASSIFICATION OF PEA PROTEIN 114
TABLE 32 AMINO ACID COMPOSITION OF LENTIL, PEA, AND CHICKPEA 114
FIGURE 62 PEA PROTEIN MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION) 115
TABLE 33 PEA PROTEIN MARKET, BY SOURCE, 2017–2020 (USD MILLION) 115
TABLE 34 PEA PROTEIN MARKET, BY SOURCE, 2021–2027 (USD MILLION) 115
9.2 YELLOW SPLIT PEAS 116
9.2.1 HIGH PRODUCTION RATES AND PROTEIN CONTENT FAVOURING THE DEMAND FOR YELLOW SPLIT PEAS 116
TABLE 35 PEA PROTEIN MARKET FOR YELLOW SPLIT PEAS, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 36 PEA PROTEIN MARKET FOR YELLOW SPLIT PEAS, BY REGION,
2021–2027 (USD MILLION) 117
9.3 CHICKPEAS 117
9.3.1 IMPROVEMENTS IN TECHNOLOGICAL CAPABILITIES AND INNOVATION DRIVING GROWTH FOR CHICKPEAS IN PEA PROTEIN 117
FIGURE 63 KEY COUNTRIES WITH CHICKPEA PRODUCTION (MILLION TONNES), 2019 117
TABLE 37 PEA PROTEIN MARKET FOR CHICKPEAS, BY REGION,
2017–2020 (USD MILLION) 118
TABLE 38 PEA PROTEIN MARKET FOR CHICKPEAS, BY REGION,
2021–2027 (USD MILLION) 118
9.4 LENTILS 119
9.4.1 HIGH PRODUCTION, EASY AVAILABILITY, AND LOWER COSTS DRIVE GLOBAL DEMAND FOR LENTILS 119
TABLE 39 PEA PROTEIN MARKET FOR LENTILS, BY REGION, 2017–2020 (USD MILLION) 119
TABLE 40 PEA PROTEIN MARKET FOR LENTILS, BY REGION, 2021–2027 (USD MILLION) 120
10 PEA PROTEIN MARKET, BY FORM 121
10.1 INTRODUCTION 122
FIGURE 64 PEA PROTEIN MARKET SIZE, BY FORM, 2022 VS. 2027 (USD MILLION) 122
TABLE 41 PEA PROTEIN MARKET SIZE, BY FORM, 2017–2020 (USD MILLION) 122
TABLE 42 PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (USD MILLION) 123
TABLE 43 PEA PROTEIN MARKET SIZE, BY FORM, 2017–2020 (TONS) 123
TABLE 44 PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (TONS) 123
10.2 DRY TEXTURED PEA PROTEIN 124
10.2.1 GROWING DEMAND FOR PLANT-BASED MEAT PRODUCTS AND PEA SNACK PRODUCTS TO SUPPLEMENT THE GROWTH OF DRY TEXTURED PEA PROTEIN 124
TABLE 45 DRY: PEA PROTEIN MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 124
TABLE 46 DRY: PEA PROTEIN MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 124
TABLE 47 DRY: PEA PROTEIN MARKET SIZE, BY REGION, 2017–2020 (TONS) 125
TABLE 48 DRY: PEA PROTEIN MARKET SIZE, BY REGION, 2021–2027 (TONS) 125
10.3 WET TEXTURED PEA PROTEIN 126
10.3.1 PERFORMANCE NUTRITION APPLICATIONS TO SUPPLEMENT THE GROWTH OF WET TEXTURED PEA PROTEINS 126
TABLE 49 WET: PEA PROTEIN MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 126
TABLE 50 WET: PEA PROTEIN MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 126
TABLE 51 WET: PEA PROTEIN MARKET SIZE, BY REGION, 2017–2020 (TONS) 127
TABLE 52 WET: PEA PROTEIN MARKET SIZE, BY REGION, 2021–2027 (TONS) 127
11 PEA PROTEIN MARKET, BY APPLICATION 128
11.1 INTRODUCTION 129
FIGURE 65 PEA PROTEIN MARKET SIZE, BY APPLICATION, 2022 VS. 2027 (USD MILLION) 129
TABLE 53 PEA PROTEIN MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 130
TABLE 54 PEA PROTEIN MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 130
TABLE 55 PEA PROTEIN MARKET SIZE, BY APPLICATION, 2017–2020 (TONS) 130
TABLE 56 PEA PROTEIN MARKET SIZE, BY APPLICATION, 2021–2027 (TONS) 130
11.2 COVID-19 IMPACT ANALYSIS-APPLICATION 131
TABLE 57 OPTIMISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY APPLICATION, 2017–2021 (USD MILLION) 131
TABLE 58 REALISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY APPLICATION, 2017–2021 (USD MILLION) 131
TABLE 59 PESSIMISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY APPLICATION, 2017–2021 (USD MILLION) 132
11.3 FOOD 132
TABLE 60 PEA PROTEINS MARKET SIZE FOR FOOD, BY REGION,
2017–2020 (USD MILLION) 132
TABLE 61 PEA PROTEINS MARKET SIZE FOR FOOD, BY REGION,
2021–2027 (USD MILLION) 132
TABLE 62 PEA PROTEINS MARKET SIZE FOR FOOD, BY REGION, 2017–2020 (TONS) 133
TABLE 63 PEA PROTEINS MARKET SIZE FOR FOOD, BY REGION, 2021–2027 (TONS) 133
TABLE 64 FOOD: PEA PROTEINS MARKET SIZE, BY SUB-SEGMENTS,
2017–2020 (USD MILLION) 134
TABLE 65 FOOD: PEA PROTEINS MARKET SIZE, BY SUB-SEGMENTS,
2021–2027 (USD MILLION) 134
TABLE 66 FOOD: PEA PROTEINS MARKET SIZE, BY SUB-SEGMENTS,
2017–2020 (TONS) 135
TABLE 67 FOOD: PEA PROTEINS MARKET SIZE, BY SUB-SEGMENTS,
2021–2027 (TONS) 135
11.3.1 MEAT SUBSTITUTES 136
11.3.1.1 Global trends for plant-based meats, veganism, and ethical and sustainable foods is driving the demand for pea protein in meat substitutes 136
TABLE 68 MEAT SUBSTITUTES: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 136
TABLE 69 MEAT SUBSTITUTES: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (USD MILLION) 137
TABLE 70 MEAT SUBSTITUTES: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (TONS) 137
TABLE 71 MEAT SUBSTITUTES: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (TONS) 138
11.3.2 PERFORMANCE NUTRITION 138
11.3.2.1 Increasing cases of lactose intolerance and growing adoption in supplements drive the adoption of pea protein in performance nutrition 138
TABLE 72 PERFORMANCE NUTRITION: PEA PROTEINS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 139
TABLE 73 PERFORMANCE NUTRITION: PEA PROTEINS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 139
TABLE 74 PERFORMANCE NUTRITION: PEA PROTEINS MARKET SIZE, BY REGION, 2017–2020 (TONS) 140
TABLE 75 PERFORMANCE NUTRITION: PEA PROTEINS MARKET SIZE, BY REGION, 2021–2027 (TONS) 140
11.3.3 FUNCTIONAL FOODS 141
11.3.3.1 Growing awareness toward the functional benefits of pea protein supports growth in functional foods 141
TABLE 76 FUNCTIONAL FOODS: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 141
TABLE 77 FUNCTIONAL FOODS: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (USD MILLION) 142
TABLE 78 FUNCTIONAL FOODS: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (TONS) 142
TABLE 79 FUNCTIONAL FOODS: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (TONS) 143
11.3.4 SNACKS 143
11.3.4.1 Spike in demand for healthy snacking alternatives amid Covid-19 drives the demand for pea proteins in snacks 143
TABLE 80 SNACKS: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 144
TABLE 81 SNACKS: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (USD MILLION) 144
TABLE 82 SNACKS: PEA PROTEINS MARKET SIZE, BY REGION, 2017–2020 (TONS) 144
TABLE 83 SNACKS: PEA PROTEINS MARKET SIZE, BY REGION, 2021–2027 (TONS) 145
11.3.5 BAKERY PRODUCTS 145
11.3.5.1 Demand for healthy alternatives driving the use of pea protein in baking applications 145
FIGURE 66 STEADY INCREASE IN GLOBAL TRADE OF BAKERY FOODS, 2016-2020 145
TABLE 84 BAKERY PRODUCTS: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 146
TABLE 85 BAKERY PRODUCTS: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (USD MILLION) 146
TABLE 86 BAKERY PRODUCTS: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (TONS) 147
TABLE 87 BAKERY PRODUCTS: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (TONS) 147
11.3.6 CONFECTIONERY 148
11.3.6.1 Consumer demand for healthier confectionery products led to the introduction of pea protein in ingredient formats 148
FIGURE 67 GLOBAL INCREASE IN CONFECTIONERY EXPORTS, 2004-2020 148
TABLE 88 CONFECTIONERY: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 148
TABLE 89 CONFECTIONERY: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (USD MILLION) 149
TABLE 90 CONFECTIONERY: PEA PROTEINS MARKET SIZE, BY REGION,
2017–2020 (TONS) 149
TABLE 91 CONFECTIONERY: PEA PROTEINS MARKET SIZE, BY REGION,
2021–2027 (TONS) 149
11.3.7 OTHER FOOD APPLICATIONS 150
TABLE 92 OTHER FOOD APPLICATIONS: PEA PROTEINS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 150
TABLE 93 OTHER FOOD APPLICATIONS: PEA PROTEINS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 150
TABLE 94 OTHER FOOD APPLICATIONS: PEA PROTEINS MARKET SIZE, BY REGION, 2017–2020 (TONS) 151
TABLE 95 OTHER FOOD APPLICATIONS: PEA PROTEINS MARKET SIZE, BY REGION, 2021–2027 (TONS) 151
11.4 BEVERAGES 151
11.4.1 EASY SOLUBILITY AND ADOPTION IN PLANT-BASED BEVERAGES TO SUPPORT PEA PROTEIN GROWTH 151
TABLE 96 PEA PROTEINS MARKET SIZE FOR BEVERAGES, BY REGION,
2017–2020 (USD MILLION) 152
TABLE 97 PEA PROTEINS MARKET SIZE FOR BEVERAGES, BY REGION,
2021–2027 (USD MILLION) 152
TABLE 98 PEA PROTEINS MARKET SIZE FOR BEVERAGES, BY REGION,
2017–2020 (TONS) 153
TABLE 99 PEA PROTEINS MARKET SIZE FOR BEVERAGES, BY REGION,
2021–2027 (TONS) 153
11.5 OTHER APPLICATIONS 154
11.5.1 BENEFITS OF PEA PROTEINS ON ANIMAL HEALTH AND WELLBEING TO DRIVE THE DEMAND 154
TABLE 100 PEA PROTEINS MARKET SIZE FOR OTHER APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 154
TABLE 101 PEA PROTEINS MARKET SIZE FOR OTHER APPLICATIONS, BY REGION,
2021–2027 (USD MILLION) 155
TABLE 102 PEA PROTEINS MARKET SIZE FOR OTHER APPLICATIONS, BY REGION,
2017–2020 (TONS) 155
TABLE 103 PEA PROTEINS MARKET SIZE FOR OTHER APPLICATIONS, BY REGION,
2021–2027 (TONS) 155
12 PEA PROTEIN MARKET, BY REGION 156
12.1 INTRODUCTION 157
FIGURE 68 NORTH AMERICA IS EXPECTED TO RECORD THE FASTEST GROWTH IN THE PEA PROTEIN MARKET 158
TABLE 104 PEA PROTEIN MARKET, BY REGION, 2017–2020 (USD MILLION) 158
TABLE 105 PEA PROTEIN MARKET, BY REGION, 2021–2027 (USD MILLION) 159
TABLE 106 PEA PROTEIN MARKET, BY REGION, 2017–2020 (TONS) 159
TABLE 107 PEA PROTEIN MARKET, BY REGION, 2021–2027 (TONS) 159
12.1.1 COVID-19 IMPACT ANALYSIS- REGION 160
TABLE 108 OPTIMISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY REGION, 2017–2021 (USD MILLION) 160
TABLE 109 REALISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY REGION, 2017–2021 (USD MILLION) 160
TABLE 110 PESSIMISTIC SCENARIO: COVID-19 IMPACT ANALYSIS OF THE PEA PROTEINS MARKET, BY REGION, 2017–2021 (USD MILLION) 160
12.2 NORTH AMERICA 161
FIGURE 69 SHARE OF DEATHS ATTRIBUTED TO OBESITY IN NORTH AMERICA, 2019 (%) 161
FIGURE 70 REGIONAL SNAPSHOT: NORTH AMERICA 162
TABLE 111 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 162
TABLE 112 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 163
TABLE 113 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2017–2020 (TONS) 163
TABLE 114 NORTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2021–2027 (TONS) 163
TABLE 115 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2017–2020 (USD MILLION) 164
TABLE 116 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2021–2027 (USD MILLION) 164
TABLE 117 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (TONS) 164
TABLE 118 NORTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (TONS) 164
TABLE 119 NORTH AMERICA: PEA PROTEIN ISOLATES MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 165
TABLE 120 NORTH AMERICA: PEA PROTEIN ISOLATES MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 165
TABLE 121 NORTH AMERICA: PEA PROTEIN CONCENTRATES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 165
TABLE 122 NORTH AMERICA: PEA PROTEIN CONCENTRATES MARKET, BY COUNTRY, 2021–2027 (USD MILLION) 165
TABLE 123 NORTH AMERICA: TEXTURED PEA PROTEIN MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 166
TABLE 124 NORTH AMERICA: TEXTURED PEA PROTEIN MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 166
TABLE 125 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM,
2017–2020 (USD MILLION) 166
TABLE 126 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM,
2021–2027 (USD MILLION) 166
TABLE 127 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2017–2020 (TONS) 167
TABLE 128 NORTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2021–2027 (TONS) 167
TABLE 129 NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE,
2017–2020 (USD MILLION) 167
TABLE 130 NORTH AMERICA: PEA PROTEIN MARKET, BY SOURCE,
2021–2027 (USD MILLION) 167
TABLE 131 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 168
TABLE 132 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (USD MILLION) 168
TABLE 133 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (TONS) 168
TABLE 134 NORTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (TONS) 168
TABLE 135 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (USD MILLION) 169
TABLE 136 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (USD MILLION) 169
TABLE 137 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (TONS) 170
TABLE 138 NORTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (TONS) 170
12.2.1 US 171
12.2.1.1 High growth of veganism and rising concerns about food sustainability driving pea protein demand 171
TABLE 139 US: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 171
TABLE 140 US: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 171
12.2.2 CANADA 172
12.2.2.1 Fast growth and expansion in the pea protein market driven by high production volumes of dry pea 172
FIGURE 71 GROWING PEA PRODUCTION IN CANADA, 2017-2020 (KT) 172
TABLE 141 CANADA: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 173
TABLE 142 CANADA: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 173
12.2.3 MEXICO 173
12.2.3.1 Evolving consumer preferences and plant-based trends driving the pea protein market 173
TABLE 143 MEXICO: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 174
TABLE 144 MEXICO: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 174
12.3 EUROPE 175
FIGURE 72 GREENHOUSE GAS EMISSIONS FROM AVERAGE FOOD CONSUMPTION 175
FIGURE 73 REGIONAL SNAPSHOT: EUROPE 176
TABLE 145 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 177
TABLE 146 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 177
TABLE 147 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2017–2020 (TONS) 178
TABLE 148 EUROPE: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2021–2027 (TONS) 178
TABLE 149 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 179
TABLE 150 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 179
TABLE 151 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (TONS) 179
TABLE 152 EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (TONS) 179
TABLE 153 EUROPE: PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 180
TABLE 154 EUROPE: PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 180
TABLE 155 EUROPE: PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 181
TABLE 156 EUROPE: PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 181
TABLE 157 EUROPE: TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 182
TABLE 158 EUROPE: TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 182
TABLE 159 EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2017–2020 (USD MILLION) 183
TABLE 160 EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (USD MILLION) 183
TABLE 161 EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2017–2020 (TONS) 183
TABLE 162 EUROPE: PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (TONS) 183
TABLE 163 EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE,
2017–2020 (USD MILLION) 184
TABLE 164 EUROPE: PEA PROTEIN MARKET SIZE, BY SOURCE,
2021–2027 (USD MILLION) 184
TABLE 165 EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 184
TABLE 166 EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION) 184
TABLE 167 EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2017–2020 (TONS) 185
TABLE 168 EUROPE: PEA PROTEIN MARKET SIZE, BY APPLICATION, 2021–2027 (TONS) 185
TABLE 169 EUROPE: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2017–2020 (USD MILLION) 185
TABLE 170 EUROPE: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2021–2027 (USD MILLION) 186
TABLE 171 EUROPE: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2017–2020 (TONS) 186
TABLE 172 EUROPE: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2021–2027 (TONS) 186
12.3.1 FRANCE 187
12.3.1.1 Rise in consumption of health contributing functional foods and strong production capacities driving the pea protein market 187
TABLE 173 FRANCE: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 187
TABLE 174 FRANCE: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 187
12.3.2 DENMARK 188
12.3.2.1 Investments and production facilities to contribute to pea protein growth in Denmark 188
TABLE 175 DENMARK: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 188
TABLE 176 DENMARK: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 188
12.3.3 GERMANY 189
12.3.3.1 Strong increasing veganism trend to drive the demand for pea proteins in Germany 189
FIGURE 74 GERMANY: HIGHEST CONSUMED PLANT-BASED FOOD PRODUCT BRANDS, 2019 189
TABLE 177 GERMANY: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 190
TABLE 178 GERMANY: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 190
12.3.4 UK 191
12.3.4.1 Consumer focus upon sustainability and high consumption of plant-based food alternatives in the UK propelling the market growth 191
TABLE 179 UK: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 191
TABLE 180 UK: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 191
12.3.5 SPAIN 192
12.3.5.1 Strong agricultural outputs and changing consumer preferences to drive pea protein consumption in Spain 192
TABLE 181 SPAIN: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 192
TABLE 182 SPAIN: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 192
12.3.6 THE NETHERLANDS 193
12.3.6.1 Government support and rising health issue amongst consumers to drive the growth of the pea protein market in the Netherlands 193
TABLE 183 NETHERLANDS: PEA PROTEIN MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 193
TABLE 184 NETHERLANDS: PEA PROTEIN MARKET SIZE, BY TYPE,
2021–2027 (USD MILLION) 193
12.3.7 ITALY 194
12.3.7.1 Strong competition from conventional protein sources to drive the demand for pea protein in Italy 194
TABLE 185 ITALY: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 194
TABLE 186 ITALY: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 194
12.3.8 FINLAND 195
12.3.8.1 Vegan trends and increasing manufacturer presence to drive the pea protein market in Finland 195
TABLE 187 FINLAND: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 195
TABLE 188 FINLAND: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 195
12.3.9 REST OF EUROPE 196
TABLE 189 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 196
TABLE 190 REST OF EUROPE: PEA PROTEIN MARKET SIZE, BY TYPE,
2021–2027 (USD MILLION) 196"
"12.4 ASIA PACIFIC 197
TABLE 191 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 197
TABLE 192 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 198
TABLE 193 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2017–2020 (TONS) 198
TABLE 194 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY COUNTRY, 2021–2027 (TONS) 198
TABLE 195 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 199
TABLE 196 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE,
2021–2027 (USD MILLION) 199
TABLE 197 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (TONS) 199
TABLE 198 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (TONS) 199
TABLE 199 ASIA PACIFIC: PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 200
TABLE 200 ASIA PACIFIC: PEA PROTEIN ISOLATES MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 200
TABLE 201 ASIA PACIFIC: PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 200
TABLE 202 ASIA PACIFIC: PEA PROTEIN CONCENTRATES MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 201
TABLE 203 ASIA PACIFIC: TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 201
TABLE 204 ASIA PACIFIC: TEXTURED PEA PROTEIN MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION) 201
TABLE 205 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM,
2017–2020 (USD MILLION) 202
TABLE 206 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM,
2021–2027 (USD MILLION) 202
TABLE 207 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM, 2017–2020 (TONS) 202
TABLE 208 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FORM, 2021–2027 (TONS) 202
TABLE 209 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY SOURCE,
2017–2020 (USD MILLION) 203
TABLE 210 NORTH AMERICA: PEA PROTEIN MARKET SIZE, BY SOURCE,
2021–2027 (USD MILLION) 203
TABLE 211 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 203
TABLE 212 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION) 204
TABLE 213 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2017–2020 (TONS) 204
TABLE 214 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY APPLICATION,
2021–2027 (TONS) 204
TABLE 215 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2017–2020 (USD MILLION) 205
TABLE 216 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2021–2027 (USD MILLION) 205
TABLE 217 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2017–2020 (TONS) 206
TABLE 218 ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY FOOD APPLICATION,
2021–2027 (TONS) 206
12.4.1 CHINA 207
12.4.1.1 Rise in demand for meat protein substitutes driving the pea protein market in China 207
TABLE 219 CHINA: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 207
TABLE 220 CHINA: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 207
12.4.2 INDIA 208
12.4.2.1 Fast growth of food startups in the plant-based food products segment is estimated to drive demand for pea protein 208
TABLE 221 INDIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 208
TABLE 222 INDIA: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 208
12.4.3 JAPAN 209
12.4.3.1 The increasing vegan culture has led the country to be a lucrative market for pea protein 209
TABLE 223 JAPAN: PEA PROTEIN MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 209
TABLE 224 JAPAN: PEA PROTEIN MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION) 209
12.4.4 AUSTRALIA & NEW ZEALAND 210
12.4.4.1 Rising environmental concerns are making the plant-based food segment in Australia & New Zealand grow at a faster speed 210
TABLE 225 AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 210
TABLE 226 AUSTRALIA & NEW ZEALAND: PEA PROTEIN MARKET SIZE, BY TYPE,
2021–2027 (USD MILLION) 210
12.4.5 REST OF ASIA PACIFIC 211
TABLE 227 REST OF ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 211
TABLE 228 REST OF ASIA PACIFIC: PEA PROTEIN MARKET SIZE, BY TYPE,
2021–2027 (USD MILLION) 211
12.5 SOUTH AMERICA 212
TABLE 229 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 212
TABLE 230 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 213
TABLE 231 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2017–2020 (TONS) 213
TABLE 232 SOUTH AMERICA: PEA PROTEIN MARKET, BY COUNTRY, 2021–2027 (TONS) 213
TABLE 233 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2017–2020 (USD MILLION) 214
TABLE 234 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2021–2027 (USD MILLION) 214
TABLE 235 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (TONS) 214
TABLE 236 SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (TONS) 214
TABLE 237 SOUTH AMERICA: PEA PROTEIN ISOLATES MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 215
TABLE 238 SOUTH AMERICA: PEA PROTEIN ISOLATES MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 215
TABLE 239 SOUTH AMERICA: PEA PROTEIN CONCENTRATES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 215
TABLE 240 SOUTH AMERICA: PEA PROTEIN CONCENTRATES MARKET, BY COUNTRY, 2021–2027 (USD MILLION) 216
TABLE 241 SOUTH AMERICA: TEXTURED PEA PROTEIN MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 216
TABLE 242 SOUTH AMERICA: TEXTURED PEA PROTEIN MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 216
TABLE 243 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM,
2017–2020 (USD MILLION) 217
TABLE 244 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM,
2021–2027 (USD MILLION) 217
TABLE 245 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2017–2020 (TONS) 217
TABLE 246 SOUTH AMERICA: PEA PROTEIN MARKET, BY FORM, 2021–2027 (TONS) 217
TABLE 247 SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE,
2017–2020 (USD MILLION) 218
TABLE 248 SOUTH AMERICA: PEA PROTEIN MARKET, BY SOURCE,
2021–2027 (USD MILLION) 218
TABLE 249 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 218
TABLE 250 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (USD MILLION) 219
TABLE 251 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (TONS) 219
TABLE 252 SOUTH AMERICA: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (TONS) 219
TABLE 253 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (USD MILLION) 220
TABLE 254 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (USD MILLION) 220
TABLE 255 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (TONS) 221
TABLE 256 SOUTH AMERICA: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (TONS) 221
12.5.1 BRAZIL 221
12.5.1.1 High growth of veganism and rising concerns about food sustainability 221
TABLE 257 BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 222
TABLE 258 BRAZIL: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 222
12.5.2 ARGENTINA 223
12.5.2.1 Fast growth and expansion in the pea protein market driven by high production volumes of dry pea 223
TABLE 259 ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 223
TABLE 260 ARGENTINA: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 224
12.5.3 REST OF SOUTH AMERICA 224
12.5.3.1 Evolving consumer preferences and plant-based trends driving the pea protein market 224
TABLE 261 REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2017–2020 (USD MILLION) 224
TABLE 262 REST OF SOUTH AMERICA: PEA PROTEIN MARKET, BY TYPE,
2021–2027 (USD MILLION) 224
12.6 REST OF THE WORLD 225
TABLE 263 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION,
2017–2020 (USD MILLION) 225
TABLE 264 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION,
2021–2027 (USD MILLION) 225
TABLE 265 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION,
2017–2020 (TONS) 225
TABLE 266 REST OF THE WORLD: PEA PROTEIN MARKET, BY REGION,
2021–2027 (TONS) 226
TABLE 267 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE,
2017–2020 (USD MILLION) 226
TABLE 268 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE,
2021–2027 (USD MILLION) 226
TABLE 269 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (TONS) 227
TABLE 270 REST OF THE WORLD: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (TONS) 227
TABLE 271 REST OF THE WORLD: PEA PROTEIN ISOLATES MARKET, BY REGION,
2017–2020 (USD MILLION) 227
TABLE 272 REST OF THE WORLD: PEA PROTEIN ISOLATES MARKET, BY REGION,
2021–2027 (USD MILLION) 227
TABLE 273 REST OF THE WORLD: PEA PROTEIN CONCENTRATES MARKET, BY REGION, 2017–2020 (USD MILLION) 228
TABLE 274 REST OF THE WORLD: PEA PROTEIN CONCENTRATES MARKET, BY REGION, 2021–2027 (USD MILLION) 228
TABLE 275 REST OF THE WORLD: TEXTURED PEA PROTEIN MARKET, BY REGION,
2017–2020 (USD MILLION) 228
TABLE 276 REST OF THE WORLD: TEXTURED PEA PROTEIN MARKET, BY REGION,
2021–2027 (USD MILLION) 228
TABLE 277 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM,
2017–2020 (USD MILLION) 229
TABLE 278 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM,
2021–2027 (USD MILLION) 229
TABLE 279 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2017–2020 (TONS) 229
TABLE 280 REST OF THE WORLD: PEA PROTEIN MARKET, BY FORM, 2021–2027 (TONS) 229
TABLE 281 REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE,
2017–2020 (USD MILLION) 230
TABLE 282 REST OF THE WORLD: PEA PROTEIN MARKET, BY SOURCE,
2021–2027 (USD MILLION) 230
TABLE 283 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 230
TABLE 284 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (USD MILLION) 231
TABLE 285 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION,
2017–2020 (TONS) 231
TABLE 286 REST OF THE WORLD: PEA PROTEIN MARKET, BY APPLICATION,
2021–2027 (TONS) 231
TABLE 287 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (USD MILLION) 232
TABLE 288 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (USD MILLION) 232
TABLE 289 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2017–2020 (TONS) 233
TABLE 290 REST OF THE WORLD: PEA PROTEIN MARKET, BY FOOD APPLICATION,
2021–2027 (TONS) 233
12.6.1 MIDDLE EAST 234
12.6.1.1 Increasing sports activities and a positive outlook toward vegan lifestyles of customers propelling the market 234
TABLE 291 MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 234
TABLE 292 MIDDLE EAST: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 234
12.6.2 AFRICA 235
12.6.2.1 Easy availability of raw materials and increase in awareness about health benefits associated with a plant-based diet 235
TABLE 293 AFRICA: PEA PROTEIN MARKET, BY TYPE, 2017–2020 (USD MILLION) 235
TABLE 294 AFRICA: PEA PROTEIN MARKET, BY TYPE, 2021–2027 (USD MILLION) 235
13 COMPETITIVE LANDSCAPE 236
13.1 OVERVIEW 236
13.2 RANKING OF KEY PLAYERS, 2021 236
FIGURE 75 ROUQUETTE FRERES LED THE PEA PROTEIN MARKET IN 2021 236
13.3 KEY PLAYER STRATEGIES 237
13.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS 238
FIGURE 76 TOTAL REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET,
2018–2020 (USD BILLION) 238
13.5 COVID-19-SPECIFIC COMPANY RESPONSE 239
13.5.1 ROUQUETTE FRERES 239
13.5.2 INGREDION INCORPORATED 239
13.6 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 239
13.6.1 STARS 239
13.6.2 EMERGING LEADERS 239
13.6.3 PERVASIVE PLAYERS 240
13.6.4 PARTICIPANTS 240
FIGURE 77 PEA PROTEINS MARKET: COMPANY EVALUATION QUADRANT,
2020 (KEY PLAYERS) 240
13.7 PRODUCT FOOTPRINT 241
TABLE 295 COMPANY BY TYPE FOOTPRINT 241
TABLE 296 COMPANY BY FORM FOOTPRINT 242
TABLE 297 COMPANY BY MODE OF APPLICATION FOOTPRINT 243
TABLE 298 COMPANY REGIONAL FOOTPRINT 244
TABLE 299 PEA PROTEIN NAME: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES BY KEY SEGMENTS 245
TABLE 300 PEA PROTEIN NAME: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES BY GEOGRAPHY 245
13.8 START-UP/SME EVALUATION QUADRANT (OTHER PLAYERS) 246
13.8.1 PROGRESSIVE COMPANIES 246
13.8.2 STARTING BLOCKS 246
13.8.3 RESPONSIVE COMPANIES 246
13.8.4 DYNAMIC COMPANIES 246
FIGURE 78 PEA PROTEINS MARKET: START-UP/SME EVALUATION QUADRANT (OTHER PLAYERS) 247
13.9 COMPETITIVE SCENARIO 248
13.9.1 NEW PRODUCT LAUNCHES 248
TABLE 301 PEA PROTEINS MARKET: NEW PRODUCT LAUNCHES, MAY 2018–JULY 2021 248
13.9.2 DEALS 248
TABLE 302 PEA PROTEINS MARKET: DEALS, DECEMBER 2018–DECEMBER 2021 248
13.9.3 OTHERS 250
TABLE 303 PEA PROTEINS MARKET: EXPANSIONS, DECEMBER 2018-SEPTEMBER 2021 250
14 COMPANY PROFILES 251
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 251
14.1.1 ROUQUETTE FRERES 251
TABLE 304 ROUQUETTE FRERES: BUSINESS OVERVIEW 251
TABLE 305 ROUQUETTE FRERES: PRODUCTS OFFERED 252
TABLE 306 ROUQUETTE FRERES.: DEALS 253
TABLE 307 ROUQUETTE FRERES: OTHERS 254
14.1.2 DUPONT 255
TABLE 308 DUPONT: BUSINESS OVERVIEW 255
FIGURE 79 DUPONT: COMPANY SNAPSHOT 256
TABLE 309 DUPONT: PRODUCTS OFFERED 256
TABLE 310 DUPONT: DEALS 257
14.1.3 GLANBIA PLC 258
TABLE 311 GLANBIA PLC: BUSINESS OVERVIEW 258
FIGURE 80 GLANBIA PLC: COMPANY SNAPSHOT 259
TABLE 312 GLANBIA PLC: PRODUCTS OFFERED 259
TABLE 313 GLANBIA PLC: DEALS 260
14.1.4 KERRY 261
TABLE 314 KERRY: BUSINESS OVERVIEW 261
FIGURE 81 KERRY: COMPANY SNAPSHOT 262
TABLE 315 KERRY: PRODUCTS OFFERED 262
TABLE 316 KERRY: DEALS 263
TABLE 317 KERRY: OTHERS 263
14.1.5 INGREDION 264
TABLE 318 INGREDION: BUSINESS OVERVIEW 264
FIGURE 82 INGREDION: COMPANY SNAPSHOT 265
TABLE 319 INGREDION: PRODUCTS OFFERED 265
TABLE 320 INGREDION: NEW PRODUCT LAUNCHES 266
TABLE 321 INGREDION: DEALS 266
TABLE 322 INGREDION: OTHERS 267
14.1.6 PURIS 268
TABLE 323 PURIS.: BUSINESS OVERVIEW 268
TABLE 324 PURIS.: PRODUCTS OFFERED 268
TABLE 325 PURIS.: DEALS 270
14.1.7 EMSLAND GROUP 271
TABLE 326 EMSLAND GROUP: BUSINESS OVERVIEW 271
TABLE 327 EMSLAND GROUP: PRODUCTS OFFERED 271
TABLE 328 EMSLAND GROUP: DEALS 272
TABLE 329 EMSLAND GROUP: OTHERS 272
14.1.8 YANTAI SHUANGTA FOODS CO., LTD. 273
TABLE 330 YANTAI SHUANGTA FOODS CO., LTD.: BUSINESS OVERVIEW 273
TABLE 331 YANTAI SHUANGTA FOODS CO., LTD.: PRODUCTS OFFERED 273
14.1.9 THE SCOULAR COMPANY 276
TABLE 332 THE SCOULAR COMPANY: BUSINESS OVERVIEW 276
TABLE 333 THE SCOULAR COMPANY: PRODUCTS OFFERED 276
TABLE 334 THE SCOULAR COMPANY: OTHERS 277
14.1.10 BURCON 278
TABLE 335 BURCON.: BUSINESS OVERVIEW 278
TABLE 336 BURCON.: PRODUCTS OFFERED 278
TABLE 337 BURCON.: DEALS 279
TABLE 338 BURCAN NUTRASCIENCE CORP: OTHERS 280
14.1.11 SHANDONG JIANYUAN GROUP 281
TABLE 339 SHANDONG JIANYUAN GROUP: BUSINESS OVERVIEW 281
TABLE 340 SHANDONG JIANYUAN GROUP: PRODUCTS OFFERED 281
14.1.12 ET-CHEM 282
TABLE 341 ET-CHEM: BUSINESS OVERVIEW 282
TABLE 342 ET-CHEM: PRODUCTS OFFERED 282
14.1.13 AGT FOOD AND INGREDIENTS 284
TABLE 343 AGT FOOD AND INGREDIENTS: BUSINESS OVERVIEW 284
TABLE 344 AGT FOOD AND INGREDIENTS: PRODUCTS OFFERED 284
14.1.14 THE GREEN LABS LLC 285
TABLE 345 THE GREEN LABS LLC: BUSINESS OVERVIEW 285
TABLE 346 THE GREEN LABS LLC: PRODUCTS OFFERED 285
14.1.15 AXIOM FOODS INC. 286
TABLE 347 AXIOM FOODS INC: BUSINESS OVERVIEW 286
TABLE 348 AXIOM FOODS INC: PRODUCTS OFFERED 286
TABLE 349 AXIOM FOODS INC.: DEALS 287
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHERPLAYERS 288
14.2.1 FENCHEM INC 288
14.2.2 PROEON 289
14.2.3 AUSTRADE INC. 289
14.2.4 INNOVO PRO 290
14.2.5 CHICKP 290
15 ADJACENT & RELATED MARKETS 291
15.1 INTRODUCTION 291
15.2 LIMITATIONS 291
15.3 PEA PROCESSED INGREDIENTS MARKET 291
15.3.1 MARKET DEFINITION 291
15.3.2 MARKET OVERVIEW 292
15.3.3 PEA PROCESSED INGREDIENTS MARKET, BY SOURCE 292
TABLE 350 PEA PROCESSED INGREDIENTS MARKET SIZE, BY SOURCE,
2019–2026 (USD MILLION) 293
15.3.4 PEA PROCESSED INGREDIENTS MARKET, BY REGION 293
TABLE 351 PEA PROCESSED INGREDIENTS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 294
TABLE 352 PEA PROCESSED INGREDIENTS MARKET SIZE, BY REGION,
2019–2026 (TONS) 294
15.4 PLANT-BASED PROTEINS MARKET 294
15.4.1 LIMITATIONS 295
15.4.2 MARKET DEFINITION 295
15.4.3 MARKET OVERVIEW 295
15.4.4 PLANT-BASED PROTEINS MARKET, BY TYPE 296
TABLE 353 PLANT-BASED PROTEIN MARKET SHARE, BY TYPE,
2018–2026 (USD MILLION) 296
15.4.5 PLANT-BASED PROTEINS MARKET, BY REGION 296
TABLE 354 GLOBAL PLANT-BASED PROTEIN MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 297
16 APPENDIX 298
16.1 DISCUSSION GUIDE 298
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 302
16.3 AVAILABLE CUSTOMIZATIONS 304
16.4 RELATED REPORTS 304
16.5 AUTHOR DETAILS 305"
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