Global pea protein isolate market was valued at 854 Million US$ in 2018 and is projected to reach 1860 Million US$ by 2024
Tuesday, 02 Aug, 2022
Pea protein isolate is a food with a neutral taste that is used in dairy alternatives such as cheeses and yogurt, it is made by grinding dried peas into a fine powder. Pea protein, like soy protein, is a complete protein and has all the essential amino acids that the body needs. But the essential amino acid content of the same quality pea protein is far more than that of soybeans and wheat, which makes its nutrition more comprehensive.

Pea protein has the following advantages: Pea protein is a non-allergen, pea protein is more cost-effective than other proteins, pea is a non-GMO food, and pea protein appears safer than soybean protein, which is mainly made of genetically modified soybeans. The plant protein market size in 2018 was about 6.3 million tons, of which pea protein was only about 250,000 tons, therefore, the market prospect of pea protein is considerable. Pea can be used for human food and animal feed, and is the fourth soybean crop in the world. According to the Food and Agriculture Organization of the United Nations, the total world dry pea production in 2012 was 9,986,800 tons, and the total world green pea production in 2011 was 17,737,200 tons. Dried peas are yellow dried peas after drying, and can be used as raw materials for pea protein, world pea is mainly distributed in central North America and Europe, also in West Asia, India, China and Australia, North American dry pea production is mainly concentrated in Canada and the United States, of which Canada accounts for 30% of the world's dry pea production, and the European origin is mainly in France.

Global pea protein isolate market was valued at 854 Million US$ in 2018 and is projected to reach 1860 Million US$ by 2024, at a CAGR of 13.85% during the forecast period. Key players in global pea protein isolate market include: Roquette, Cosucra, Shuangta Food, Yantai Oriental Protein Tech etc. Among them, Roquette, Cosucra, Shuangta Food and Yantai Oriental Protein Tech occupy approximately 25%, 17%, 15%, and 7% of pea protein production worldwide. 

There are many downstream companies of pea protein, including protein powder manufacturers, protein meat manufacturers and sports health food manufacturers, among them, protein powder manufacturers include Amway Nutrilite, Merkola, Now Foods and other manufacturers.