[Latest] Global Organic Pea Protein Market Size/Share Worth USD 48,647.8 Million by 2033 at a 8.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, July 16, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Organic Pea Protein Market Size, Trends and Insights By Application (Dietary Supplements, Sports Nutrition, Bakery & Snacks, Meat Extenders & Analogs, Beverages, Others), By Type (Isolates, Concentrates, Textured, Others), By Form (Powder, Liquid), By Distribution Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Organic Pea Protein Market size & share was valued at approximately USD 21,416.1 Million in 2023 and is expected to reach USD 23,345.1 Million in 2024 and is expected to reach a value of around USD 48,647.8 Million by 2033, at a compound annual growth rate (CAGR) of about 8.5% during the forecast period 2024 to 2033.”
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Organic Pea Protein Market: Growth Factors and Dynamics
- Rising Health Consciousness: Increasing awareness about health and wellness among consumers is a significant growth factor for the organic pea protein market. Consumers are increasingly seeking plant-based protein alternatives as part of a healthier lifestyle, which is driving the demand for organic pea protein products.
- Growing Demand for Vegan and Vegetarian Products: The rising adoption of vegetarian and vegan diets, driven by concerns about animal welfare, environmental sustainability, and health benefits, is fueling the demand for plant-based protein sources like organic pea protein. This trend is particularly pronounced in developed regions like North America and Europe but is also gaining traction globally.
- Expansion of the Sports Nutrition Industry: The sports nutrition sector is experiencing robust growth globally, with athletes and fitness enthusiasts increasingly incorporating protein supplements into their diets to support muscle growth, recovery, and overall performance. Organic pea protein, known for its high protein content and suitability for vegan diets, is gaining popularity as a key ingredient in sports nutrition products.
- Clean Label Trend: The clean label movement, characterized by consumers’ preference for natural, minimally processed, and transparently sourced ingredients, is driving the demand for organic pea protein. Organic pea protein aligns well with this trend, as it is perceived as a clean, natural, and sustainable protein source without artificial additives or genetically modified organisms (GMOs).
- Innovation and Product Development: Manufacturers are investing in research and development to innovate and diversify organic pea protein products. This includes the development of new formulations, flavors, and functional attributes to cater to diverse consumer preferences and applications, such as beverages, snacks, and meat analogs. Such innovations are expanding the market reach and driving growth.
- Government Support and Regulations: Government initiatives promoting organic farming practices and sustainable agriculture, coupled with stringent regulations governing food safety and labeling standards, are providing a conducive environment for the growth of the organic pea protein market. Certifications such as USDA Organic and EU Organic further validate the quality and authenticity of organic pea protein products, boosting consumer confidence and market growth.
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Organic Pea Protein Market: Partnership and Acquisitions
- In 2022, Royal DSM, a Dutch multinational company, finalized the acquisition of Vestkorn Milling, a prominent European producer of pea-derived products. The transaction, valued at US$ 79.97 million, strengthens DSM’s position in the market for plant-based ingredients and aligns with its sustainability-focused growth strategy.
- In 2020, Cargill, a US-based food company, invested US$ 75 million in PURIS to enhance pea protein production capacity at a Dawson, Minnesota facility. This investment aims to meet the increasing global demand for pea protein, starch, and fiber, supporting PURIS’ growth strategy.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 23,345.1 Million |
| Projected Market Size in 2033 | USD 48,647.8 Million |
| Market Size in 2023 | USD 21,416.1 Million |
| CAGR Growth Rate | 8.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Application, Type, Form, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Organic Pea Protein report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Organic Pea Protein report has been modified to include the COVID-19 impact study prior to delivery.)
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Organic Pea Protein Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Organic Pea Protein Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chain: The organic pea protein market experienced disruptions in the supply chain due to lockdown measures, travel restrictions, and labor shortages imposed to curb the spread of COVID-19. This led to delays in sourcing raw materials, transportation bottlenecks, and logistical challenges, affecting the production and distribution of organic pea protein products.
- Shift in Consumer Preferences: The pandemic altered consumer behavior and preferences, with a heightened focus on health, immunity, and sustainability. While demand for plant-based protein products remained strong, the uncertainty surrounding the pandemic and economic downturn influenced purchasing decisions, leading to fluctuations in demand for organic pea protein.
- Investment in E-commerce and Online Retail: To adapt to changing consumer behavior and capitalize on the surge in online shopping during the pandemic, organic pea protein manufacturers and retailers expanded their e-commerce presence. Enhanced digital marketing strategies, promotional offers, and direct-to-consumer sales channels facilitated broader market reach and accessibility.
- Diversification of Product Offerings: Manufacturers diversified their product portfolios by introducing new organic pea protein formulations, flavors, and value-added products to cater to evolving consumer preferences and emerging market segments. Innovation in product development addressed specific nutritional needs, such as fortification with vitamins, minerals, and functional ingredients.
- Supply Chain Resilience and Localization: Companies focused on building resilience in their supply chains by diversifying sourcing locations, securing alternative transportation routes, and implementing inventory management strategies to mitigate the impact of future disruptions. Localization of production facilities and sourcing networks helped reduce dependencies on international markets.
- Focus on Food Safety and Quality Assurance: Given heightened consumer concerns about food safety and hygiene during the pandemic, organic pea protein manufacturers prioritized stringent quality control measures, adherence to regulatory standards, and implementation of food safety protocols across the production process to ensure product integrity and trustworthiness.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Organic Pea Protein Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Organic Pea Protein market and what is its expected growth rate?
- What are the primary driving factors that push the Organic Pea Protein market forward?
- What are the Organic Pea Protein Industry's top companies?
- What are the different categories that the Organic Pea Protein Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Organic Pea Protein market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Organic Pea Protein Market – Regional Analysis
The Organic Pea Protein Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the organic pea protein market is witnessing a surge in demand driven by the growing adoption of plant-based diets and increasing health consciousness. Key trends include the rise of innovative pea protein-based products in the food and beverage sector, particularly in the United States and Canada. Additionally, strategic partnerships between manufacturers and retailers are facilitating market expansion and product accessibility, while investments in sustainable agriculture practices support long-term growth.
- Europe: Europe’s organic pea protein market is characterized by a strong emphasis on sustainability and clean label trends. Consumers in countries like Germany, France, and the United Kingdom are increasingly opting for organic and plant-based protein sources. Trends include the emergence of pea protein-based meat substitutes, dairy alternatives, and snacks. Moreover, stringent regulations and certifications for organic products contribute to consumer trust and market growth in the region.
- Asia-Pacific: In the Asia-Pacific region, the organic pea protein market is fueled by the rising demand for plant-based protein alternatives, particularly in countries like China, India, and Japan. Trends include the integration of pea protein into traditional Asian food products, catering to local taste preferences and dietary habits. Furthermore, the growing awareness of health and wellness, coupled with the expansion of e-commerce platforms, is driving the online distribution of organic pea protein products in the region.
- LAMEA (Latin America, Middle East, and Africa): LAMEA’s organic pea protein market is characterized by the increasing adoption of vegan and vegetarian diets, particularly in urban centers across Latin America and the Middle East. Trends include the development of pea protein-based functional foods and beverages targeting health-conscious consumers. Moreover, investments in agricultural infrastructure and government initiatives to promote sustainable farming practices are driving the production and export of organic pea protein in the region.
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List of the prominent players in the Organic Pea Protein Market:
- Roquette Frères
- Puris
- Axiom Foods Inc.
- Glanbia plc
- Cosucra Groupe Warcoing SA
- Burcon NutraScience Corporation
- The Scoular Company
- Nutri-Pea Limited
- Farbest Brands
- AGT Food and Ingredients
- World Food Processing
- Bioway (Xi’An) Organic Ingredients Co. Ltd.
- Fenchem Biotek Ltd.
- Yantai Shuangta Food Co. Ltd.
- Hill Pharma Inc.
- Others
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The Organic Pea Protein Market is segmented as follows:
By Application
- Dietary Supplements
- Sports Nutrition
- Bakery & Snacks
- Meat Extenders & Analogs
- Beverages
- Others
By Type
- Isolates
- Concentrates
- Textured
- Others
By Form
- Powder
- Liquid
By Distribution Channel
- Online
- Offline
Click Here to Get a Free Sample Report of the Global Organic Pea Protein Market @ https://www.custommarketinsights.com/report/organic-pea-protein-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Organic Pea Protein Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Organic Pea Protein Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Organic Pea Protein Market? What Was the Capacity, Production Value, Cost and PROFIT of the Organic Pea Protein Market?
- What Is the Current Market Status of the Organic Pea Protein Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Organic Pea Protein Market by Considering Applications and Types?
- What Are Projections of the Global Organic Pea Protein Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Organic Pea Protein Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Organic Pea Protein Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Organic Pea Protein Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Organic Pea Protein Industry?
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Reasons to Purchase Organic Pea Protein Market Report
- Organic Pea Protein Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Organic Pea Protein Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Organic Pea Protein Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Organic Pea Protein Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Organic Pea Protein market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Organic Pea Protein market analysis.
- The competitive environment of current and potential participants in the Organic Pea Protein market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Organic Pea Protein market should find this report useful. The research will be useful to all market participants in the Organic Pea Protein industry.
- Managers in the Organic Pea Protein sector are interested in publishing up-to-date and projected data about the worldwide Organic Pea Protein market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Organic Pea Protein products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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