Organic Yellow Pea Protein Market Size (2024 - 2030)

In 2023, the Organic Yellow Pea Protein Market was valued at $667.92 Million and is projected to reach a market size of $ 1004.32 Million by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 6%.

Pea protein is a type of food that is made by extracting and processing protein from yellow and green split peas. It can be consumed as a dietary supplement to increase protein intake or as a replacement for other foods like the substitution of dairy milk with pea milk, while also being available in powder form to be used in food processing as a thickener, foaming agent, or emulsifier. There are three different ways to produce pea protein: as an isolate, which yields a high concentration of protein through wet fractionation; as a concentrate with a lower protein concentration through dry fractionation; or in textured form, which can replace other foods like meat alternatives. Pea protein is a rapidly growing source of plant-based proteins due to its low allergenicity, high nutritional values, and widespread availability throughout the world. Pea protein is an immensely beneficial dietary source for humans - it is a high-quality protein source as it provides all nine essential amino acids and is ideal for a variety of diets given it's vegan, gluten-free, and cost-friendly. Additionally, pea protein carries a few unique advantages - muscle growth is enhanced, feelings of fullness are promoted, and heart health is also considerably improved, while still being low in methionine and free of any of the top eight food allergens, such as peanuts, tree nuts, eggs, fish, shellfish, cow’s milk, wheat, and soy. 

Global Organic Yellow Pea Protein Market Drivers:

The growing interest in vegetarian and plant-based diets is fueling the growth of the global organic yellow pea protein market.

Many individuals have started to adopt a vegan lifestyle and consume only plant-based products owing to the rising awareness regarding the health benefits that a vegan diet offers to them. A vegan diet is generally free from dairy, cholesterol, and saturated fat. It helps to promote weight loss, reduce the risk of heart disease by lowering cholesterol levels, reduce the risk of cancer, and manage diabetes by lowering A1C levels. Therefore, this factor drives the demand for organic yellow pea protein products.

The rising awareness regarding the health benefits of pea protein is another factor contributing to the growth of the global organic yellow pea protein market.

Pea protein is gaining popularity among various end-users, including vegans, vegetarians, and those allergic to egg and dairy proteins. These proteins are extracted from both green peas and yellow split peas. Rich in nutrients, pea protein provides a plethora of advantages for an individual's health. Not only can it aid in weight loss, but it can also help improve cardiac function, enhance muscular thickness, regulate blood sugar levels, and may even reduce the likelihood of kidney disease. Pea protein can play a major role in maintaining a healthy lifestyle and well-being. Therefore, this factor also drives the demand for organic yellow pea protein products.

Global Organic Yellow Pea Protein Market Challenges:

The global organic yellow pea protein market is encountering challenges, primarily in terms of the side effects of pea protein and the high costs of organic yellow pea protein products. Pea protein has been chastised for its digestive effects, flavor, and high sodium concentration. Depending on the processing method, pea protein may contain trypsin inhibitors, phytates, and lectins, which can induce severe side effects like decreased nutritional uptake and intestinal damage. Moreover, in contrast to other alternatives like lentils, chickpeas, and beans, organic yellow pea protein products are more expensive, meaning that they may not be affordable for the average consumer to consume on a daily basis. Thus, these challenges inhibit the growth of the global organic yellow pea protein market.

Global Organic Yellow Pea Protein Market Opportunities:

Market expansion strategies present a lucrative opportunity in the global organic yellow pea protein market. Given the rising demand for organic yellow pea protein products owing to their health benefits, including enhanced muscle growth, weight loss management, regulated blood sugar levels, improved heart health, and boosted energy levels, businesses specializing in the production and distribution of organic yellow pea protein products can stand to gain significantly from this opportunity by expanding their products to emerging markets. This expansion will help companies to increase their customer base and boost their overall revenue.

COVID-19 Impact on the Global Organic Yellow Pea Protein Market:

The outbreak of the COVID-19 pandemic substantially impacted the global organic yellow pea protein market. The pandemic caused disruptions in supply chains and distribution of goods and services, which highly affected the production and distribution of organic yellow pea protein products. This factor negatively impacted the growth of the global organic yellow pea protein market. However, the pandemic led to individuals becoming more health-conscious owing to the protection from COVID-19 disease, which resulted in elevated demand for organic yellow pea protein products. This factor positively impacted the market's growth. Therefore, the global organic yellow pea protein market experienced both challenges and opportunities during the difficult time of the COVID-19 pandemic.

Global Organic Yellow Pea Protein Market Recent Developments:

In October 2022, Puris Proteins, LLC, a US-based company that cultivates plant-based foods and ingredients from organic and non-GMO sources, unveiled the launch of its first consumer brand, AcreMade, offering a plant-based egg substitute product made from yellow field peas. 

• In September 2022, Tata Consumer Products, an India-based fast-moving consumer goods company and a part of the Tata Group, entered the health supplements segment with the launch of their new product, Tata GoFit, a plant-based protein powder. The latest product release from Tata Consumer Products aligns with the company's goals of boosting innovation, enhancing its range of wellness products, and expanding its potential customer base.
• In March 2022, Cymbiotika, a US-based health and wellness company specializing in the production and distribution of nutritional supplements, unveiled the launch of its new product, Plant Protein, which is made from a proprietary combination of pea protein, hemp protein, and spirulina. The protein powder promises to boost the immune system, promote digestion, and increase energy and performance.

ORGANIC YELLOW PEA PROTEIN MARKET REPORT COVERAGE:

Global Organic Yellow Pea Protein Market Segmentation: By Type

• Pea Protein Concentrates

• Pea Protein Isolates

• Pea Flour

• Textured Pea Protein

• Hydrolyzed Pea Protein

In 2022, the pea protein isolates segment held the highest market share. The growth can be attributed to the advantages that pea protein isolates offer in comparison to pea protein concentrates. Pea protein isolate stands out amongst its counterparts owing to its impressive nutrient profile - containing higher levels of protein (about 90% protein on average per serving) and lower levels of potential allergens and anti-nutrients. It is also more versatile in terms of its use in various food and beverage applications, making it a preferred choice for manufacturers.

Global Organic Yellow Pea Protein Market Segmentation: By Form

• Dry

• Liquid

In 2022, the dry segment held the highest market share. The growth can be attributed to the advantages that dry form offers, including an increase in shelf life and greater ease of storage and transportation. The dry form of organic yellow pea protein is preferred by food and beverage manufacturers as it allows for easier incorporation into their products without affecting the texture or taste. Additionally, dry pea protein can be used in a variety of applications, including supplements, meat alternatives, and bakery products.

Global Organic Yellow Pea Protein Market Segmentation: Source Process

• Conventional

• Organic

In 2022, the conventional segment is projected to account for the largest share of the global yellow pea protein market. The large share is attributed to the several advantages offered by conventional yellow pea protein over organic yellow pea protein, such as lower costs and longer shelf life. However, the organic segment is likely to witness the highest CAGR during the forecast period, 2023-2030.

Global Organic Yellow Pea Protein Market Segmentation: By Application

• Bakery & Confectionery

• Dietary Supplements

• Functional Beverages

• Meat Substitutes

• Others

In 2022, the meat substitutes segment held the highest market share. The growth can be attributed to the increasing demand for meat substitutes, such as organic yellow pea protein products, owing to health and environmental concerns. Pea protein has been gaining popularity as a meat alternative due to its high protein content, amino acid profile, and texture similar to meat. Many individuals have emotional attachments to animals and do not support animal suffering for human benefit, which further propels the segment’s growth.

Global Organic Yellow Pea Protein Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

The region of North America held the largest share of the global organic yellow pea protein market in the year 2022. The increasing demand for plant-based protein products, the rising adoption of a vegan and vegetarian lifestyle, and the growing number of health-conscious individuals are some of the factors propelling the region's growth. Additionally, North America is home to several significant market players, including Axiom Foods, Inc., Scoular, Farbest Brands, Burcan NutraScience Corporation, and Ingredion Incorporated. Due to the increasing number of health-conscious individuals, the rising adoption of pea products owing to their nutritional benefits, and the strong presence of major market players, including Shandong Jianyuan Foods Co. Ltd., the region of Asia-Pacific is anticipated to expand at the fastest rate over the forecast period.

Global Organic Yellow Pea Protein Market Key Players:

1. Roquette Frères (France)

2. Axiom Foods, Inc. (United States)

3. Kerry Group PLC (Ireland)

4. Glanbia plc (Ireland)

5. Scoular (United States)

6. Cosucra Groupe Warcoing S.A. (Belgium)

7. The Green Labs LLC

8. Burcon NutraScience Corporation (Canada)

9. Farbest Brands (United States)

10. Shandong Jianyuan Foods Co. Ltd. (China)