Asia-Pacific Pea Protein Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 596.8 Million |
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Market Size (2029) | USD 826.4 Million |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 6.73 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Pea Protein Market Analysis
The Asia-Pacific Pea Protein Market size is estimated at 596.8 million USD in 2024, and is expected to reach 826.4 million USD by 2029, growing at a CAGR of 6.73% during the forecast period (2024-2029).
596.8 Million
Market Size in 2024 (USD)
826.4 Million
Market Size in 2029 (USD)
6.88 %
CAGR (2017-2023)
6.73 %
CAGR (2024-2029)
Largest Market by Form
56.37 %
value share, Isolates, 2023
Higher protein content and lower carbohydrate content in pea isolates, compared to other forms, have increased their demand, making them the largest segment by form.
Largest Market by End User
96.67 %
value share, Food and Beverages, 2023
The F&B sector dominates the market with its high demand for pea protein in meat alternative products due to its quick rehydration, neutral taste, and texturizing properties.
Fastest Growing Market by Form
7.52 %
Projected CAGR, Textured/Hydrolyzed, 2024-2029
The growing applications of hydrolyzed pea protein in functional beverages, snack bars such as cereal bars and protein bars, and sports nutrition are expected to drive the segment during the forecast period.
Fastest Growing Market by End User
8.77 %
Projected CAGR, Animal Feed, 2024-2029
The fastest growth in the segment can be attributed to the increasing popularity of pea protein in animal feed to replace conventional animal-origin protein and plant protein such as soy.
Leading Market Player
6.78 %
market share, International Flavors & Fragrances Inc., 2021
To further strengthen its market share, the company has prioritized product innovation as a growth strategy, focusing on current market trends like healthy snacking.
F&B sector accounted major share in 2022 due to strong demand for meat alternatives products, the segment will register y-o-y growth of 5.38% from 2023-2024
- Pea protein demand is highly dominated by the food and beverage segment, which is anticipated to record a CAGR of 6.54%, by volume, during the forecast period. The growth was mainly observed from meat alternative products, which held a share of 69.61% by volume in 2022, and it is anticipated to record a CAGR of 6.85%, by volume, during the forecast period. This increase can be due to its hypoallergenic quality and similar amino acid profile to meat.
- Pea protein is proven to fuel athletic performance by improving strength, increasing lean muscle mass, and optimizing recovery. Protein ingredients obtained from peas contains 50-85% of proteins and are particularly rich in essential branched-chain amino acids (BCAA; leucine, isoleucine, and valine), known to play an important role in muscle protein synthesis. As a result, in the supplements segment, the sports and nutrition sub-segment accounts for leading market volume share of 74.15%, in 2023. Increasing adoption of active lifestyles to support the physical fitness is estimated to create lucrative market opportunities as health-conscious consumers are shifting towards clean-label supplements made with plant-based ingredients like pea protein.
- The sales of pea protein in animal feed segment is estimated to register fastest CAGR of 8.77% in terms of value, during the forecast period. Pea protein can be considered as high-quality vegetable protein source in premium pet food for being non-GMO, grain-free, hypoallergenic, and sustainable. Also, the investment by major pet food companies like Nestlé Purina PetCare is estimated to offer potential growth opportunities in the region's animal feed sector. In April 2022, the company announced over USD 60 million investment to upgrade its manufacturing plant in Blayney, Australia.
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China and India collectively accounted major share in 2022 with rising trend of plant-based food products among the population
- China remained the dominant country in the Asia-Pacific pea protein market. It is also expected to register the fastest CAGR of 9.39%, by volume, during the forecast period. This can be attributed to the country's growing plant-based market and allergen challenges associated with mainstream ingredients, such as soy and wheat proteins. Also, the evolving regulatory landscape to support the vegan food industry is estimated to promote the demand for pea protein ingredients in China. In 2023, the China Vegan Society introduced the China Vegan Food Certification (CVFC), the first programme of its kind in China, with the aim of standardizing the vegan claims made by products and increasing consumer trust.
- In India, the market was driven by high demand from the F&B sector, recording a CAGR of 6.34% by value during the forecast period. Bakery and snacks are projected to obtain the fastest growth, supported by the surging demand for bakery products with clean ingredients like pea protein. The sales of pea protein ingredients in the bakery segment is estimated to register a CAGR of 10.95% during the forecast period, reaching USD 3.5 million in 2029.
- Australia is the second-fastest growing country in the pea protein market, as it is projected to register a CAGR of 6.26% by value during the forecast period. Increasing shift towards plant-protein ingredients to meet the dietary requirements of vegan consumers is identified as the key market driving factor in the Australia's pea protein market. Also, the sustainable farming practices to cultivate grains and pulses including dry peas demonstrates the availability of quality raw materials for the production of pea protein ingredients.
Asia-Pacific Pea Protein Market Trends
Plant protein consumption growth fuels opportunities for key players in the plant protein ingredients sector
- The data given in the graph depicts the per capita consumption of soy protein for the whole of the Asia-Pacific region. Plant proteins are highly gaining interest in the Asian market, as the awareness and proof regarding their benefits are rising in the region. Among all plant proteins, soy proteins occupy the market share with the increased acceptability of the ingredient in different foods and its increased production. The volume of soybean meal consumption in China in 2020/21 was 72.68 MMT, which was around 9% more than in 2018. High investments in research, rapid technological advancements, and advanced innovation techniques are some of the major factors resulting in the use of developed protein ingredients, including soy proteins.
- Major drivers of allergen-free plant proteins such as soy, pea, hemp, and potato may include increasing adoption of the vegetarian lifestyle, growing demand for lactose-free and gluten-free products, and growing concern about health-related problems. Around 81% of Indian consumers restrained meat from their diet in 2021. Major benefits of plant protein ingredients over animal proteins, including high nutritional value, being a good source of several vitamins and minerals, technological advancements in various food industries, and growing demand for natural and organic substitutes, are expected to change consumer preference.
- The increasing consumption of plant proteins and consumer acceptance in the region drive manufacturers to innovate products fortified with these ingredients. Major grains consumed in Japan are soybeans, rice, and wheat, along with some other types like corn and peas. The rise in plant-based protein is expected to continue to provide opportunities for food manufacturers in the upcoming years.
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China is the largest producer of dry peas among other countries in Asia-pacific region
- Dry peas are considered the major raw material source for pea protein extraction, and the production data mentioned above is for dry peas only. The above graph represents the total production of dry peas in countries including China, India, Japan, Australia, New Zealand, and South Korea. China is the largest producer of dry peas in the Asia Pacific region. There are two major dried pea-producing areas in China - the Northern Dried Pea Producing Area and the Southern Dried Pea Producing Area. Ningxia, Gansu, Yunnan, and Qinghai provinces are China’s major dried pea-producing areas, accounting for over 70% of total dried pea production.
- India is the second-largest producer of peas in the Asia Pacific, after China, and the largest producer of chickpeas in the world. Yellow, green, Dum, and Kaspa are the four types of peas grown in the country. The production of dry peas in the country amounted to 1004402 tons in 2022 an increase of around 23.72% from 811810 tons in 2019. Uttar Pradesh, Madhya Pradesh, and Punjab are the major pea-producing states and accounted for about 70% share in the country's total pea production in 2022.
- In Australia, several types of field pea are grown including dun pea, yellow pea, and maple pea, among others. Victoria and South Australia have historically been the largest Australian field pea producers, but production has recently expanded considerably in Western Australia as a result of better varieties and improved production technology.
- The volume of legumes produced by Japanese agriculture is small, but their presence is significant in Japanese traditional food culture. The production of green peas is also very low in the region. Dried pea production is very low and limited mainly to Hokkaido.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Changing lifestyles with increasing number of working women is boosting the market
- Market competitiveness is boosting the growth
- Sauces segment to maintain lion's share in the APAC market
- Soaring demand for plant-based dairy products within APAC countries
- APAC's growing appetite for plant-based meats to boost demand
- Healthy snacking is likely to impel the market
- Increase in demand for ruminant feed
- Rising consumption of bakery goods as a meal is driving the industry
- Increased consumer preference for convenient breakfast cereal products
- Premium confectionery is a current market trend
- Increase in elderly population to drive demand
- Increasing developments spiking the segmental sales
- Increasing number of health and fitness centers is driving the market
- Increasing demand for natural/organic beauty and personal care products
Asia-Pacific Pea Protein Industry Overview
The Asia-Pacific Pea Protein Market is fragmented, with the top five companies occupying 17.44%. The major players in this market are Archer Daniels Midland Company, Cargill, Incorporated, Ingredion Incorporated, International Flavors & Fragrances Inc. and Kerry Group PLC (sorted alphabetically).
Asia-Pacific Pea Protein Market Leaders
Archer Daniels Midland Company
Cargill, Incorporated
Ingredion Incorporated
International Flavors & Fragrances Inc.
Kerry Group PLC
Other important companies include Foodchem International Corporation, Roquette Frères, Shandong Jianyuan Bioengineering Co. Ltd, Yantai Shuangta Food Co. Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Pea Protein Market News
- June 2022: Roquette, a global player in plant-based ingredients and a pioneer in plant proteins, announced the launch of its new NUTRALYS® range of organic textured proteins derived from peas and fava
- February 2021: DuPont's Nutrition & Biosciences and the ingredient company IFF announced their merger in 2021. The combined company will continue to operate under the name IFF. The complementary portfolios give the company leadership positions within a range of ingredients, including pea protein.
- November 2020: Food ingredients manufacturer Ingredion acquired the remaining ownership in Verdient Foods Inc. In 2018, the company established a joint venture with Verdient Foods Inc. to produce pulse-based protein concentrates and flours from peas for consumer food and animal nutrition applications. The acquisition will enable Ingredion to accelerate net sales growth, further expand its manufacturing capability, and serve increasing consumer demand for plant-based foods.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the protein industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption of animal and plant protein, end-user market volume, and production data of raw materials for protein ingredients, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on protein sources, protein types, forms, end-user segments, etc., are available in the form of comprehensive reports as well as Excel-based data worksheets.
Asia-Pacific Pea Protein Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
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3.1 End User Market Volume
- 3.1.1 Baby Food and Infant Formula
- 3.1.2 Bakery
- 3.1.3 Beverages
- 3.1.4 Breakfast Cereals
- 3.1.5 Condiments/Sauces
- 3.1.6 Confectionery
- 3.1.7 Dairy and Dairy Alternative Products
- 3.1.8 Elderly Nutrition and Medical Nutrition
- 3.1.9 Meat/Poultry/Seafood and Meat Alternative Products
- 3.1.10 RTE/RTC Food Products
- 3.1.11 Snacks
- 3.1.12 Sport/Performance Nutrition
- 3.1.13 Animal Feed
- 3.1.14 Personal Care and Cosmetics
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3.2 Protein Consumption Trends
- 3.2.1 Plant
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3.3 Production Trends
- 3.3.1 Plant
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3.4 Regulatory Framework
- 3.4.1 China
- 3.4.2 India
- 3.4.3 Japan
- 3.5 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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4.1 Form
- 4.1.1 Concentrates
- 4.1.2 Isolates
- 4.1.3 Textured/Hydrolyzed
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4.2 End User
- 4.2.1 Animal Feed
- 4.2.2 Food and Beverages
- 4.2.2.1 By Sub End User
- 4.2.2.1.1 Bakery
- 4.2.2.1.2 Beverages
- 4.2.2.1.3 Breakfast Cereals
- 4.2.2.1.4 Condiments/Sauces
- 4.2.2.1.5 Confectionery
- 4.2.2.1.6 Dairy and Dairy Alternative Products
- 4.2.2.1.7 Meat/Poultry/Seafood and Meat Alternative Products
- 4.2.2.1.8 RTE/RTC Food Products
- 4.2.2.1.9 Snacks
- 4.2.3 Personal Care and Cosmetics
- 4.2.4 Supplements
- 4.2.4.1 By Sub End User
- 4.2.4.1.1 Baby Food and Infant Formula
- 4.2.4.1.2 Elderly Nutrition and Medical Nutrition
- 4.2.4.1.3 Sport/Performance Nutrition
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4.3 Country
- 4.3.1 Australia
- 4.3.2 China
- 4.3.3 India
- 4.3.4 Indonesia
- 4.3.5 Japan
- 4.3.6 Malaysia
- 4.3.7 New Zealand
- 4.3.8 South Korea
- 4.3.9 Thailand
- 4.3.10 Vietnam
- 4.3.11 Rest of Asia-Pacific
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
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5.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 5.4.1 Archer Daniels Midland Company
- 5.4.2 Cargill, Incorporated
- 5.4.3 Foodchem International Corporation
- 5.4.4 Ingredion Incorporated
- 5.4.5 International Flavors & Fragrances Inc.
- 5.4.6 Kerry Group PLC
- 5.4.7 Roquette Frères
- 5.4.8 Shandong Jianyuan Bioengineering Co. Ltd
- 5.4.9 Yantai Shuangta Food Co. Ltd
6. KEY STRATEGIC QUESTIONS FOR PROTEIN INGREDIENTS INDUSTRY CEOS
7. APPENDIX
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7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF BABY FOOD AND INFANT FORMULA MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- VOLUME OF BAKERY MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 3:
- VOLUME OF BEVERAGES MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VOLUME OF BREAKFAST CEREALS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VOLUME OF CONDIMENTS/SAUCES MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VOLUME OF CONFECTIONERY MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VOLUME OF DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- VOLUME OF ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VOLUME OF MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF RTE/RTC FOOD PRODUCTS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VOLUME OF SNACKS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME OF SPORT/PERFORMANCE NUTRITION MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VOLUME OF ANIMAL FEED MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VOLUME OF PERSONAL CARE AND COSMETICS MARKET, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- AVERAGE PER CAPITA CONSUMPTION OF PLANT PROTEIN, GRAM PER DAY, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- DRY PEA PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2022
- Figure 17:
- VOLUME OF PEA PROTEIN MARKET, TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE OF PEA PROTEIN MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VOLUME OF PEA PROTEIN MARKET BY FORM, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE OF PEA PROTEIN MARKET BY FORM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 22:
- VOLUME SHARE OF PEA PROTEIN MARKET BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 23:
- VOLUME OF PEA PROTEIN MARKET, CONCENTRATES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE OF PEA PROTEIN MARKET, CONCENTRATES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % CONCENTRATES , ASIA-PACIFIC, 2022 VS 2029
- Figure 26:
- VOLUME OF PEA PROTEIN MARKET, ISOLATES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE OF PEA PROTEIN MARKET, ISOLATES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % ISOLATES , ASIA-PACIFIC, 2022 VS 2029
- Figure 29:
- VOLUME OF PEA PROTEIN MARKET, TEXTURED/HYDROLYZED, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE OF PEA PROTEIN MARKET, TEXTURED/HYDROLYZED, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % TEXTURED/HYDROLYZED , ASIA-PACIFIC, 2022 VS 2029
- Figure 32:
- VOLUME OF PEA PROTEIN MARKET BY END USER, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE OF PEA PROTEIN MARKET BY END USER, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 34:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 35:
- VOLUME SHARE OF PEA PROTEIN MARKET BY END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 36:
- VOLUME OF PEA PROTEIN MARKET, ANIMAL FEED, ASIA-PACIFIC, 2017 - 2029
- Figure 37:
- VALUE OF PEA PROTEIN MARKET, ANIMAL FEED, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % ANIMAL FEED , ASIA-PACIFIC, 2022 VS 2029
- Figure 39:
- VOLUME OF PEA PROTEIN MARKET, FOOD AND BEVERAGES END USER, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 40:
- VALUE OF PEA PROTEIN MARKET, FOOD AND BEVERAGES END USER, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VALUE SHARE OF PEA PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 42:
- VOLUME SHARE OF PEA PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 43:
- VOLUME OF PEA PROTEIN MARKET, BAKERY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE OF PEA PROTEIN MARKET, BAKERY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % BAKERY , ASIA-PACIFIC, 2022 VS 2029
- Figure 46:
- VOLUME OF PEA PROTEIN MARKET, BEVERAGES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- VALUE OF PEA PROTEIN MARKET, BEVERAGES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % BEVERAGES , ASIA-PACIFIC, 2022 VS 2029
- Figure 49:
- VOLUME OF PEA PROTEIN MARKET, BREAKFAST CEREALS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 50:
- VALUE OF PEA PROTEIN MARKET, BREAKFAST CEREALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % BREAKFAST CEREALS , ASIA-PACIFIC, 2022 VS 2029
- Figure 52:
- VOLUME OF PEA PROTEIN MARKET, CONDIMENTS/SAUCES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 53:
- VALUE OF PEA PROTEIN MARKET, CONDIMENTS/SAUCES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % CONDIMENTS/SAUCES , ASIA-PACIFIC, 2022 VS 2029
- Figure 55:
- VOLUME OF PEA PROTEIN MARKET, CONFECTIONERY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VALUE OF PEA PROTEIN MARKET, CONFECTIONERY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 57:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % CONFECTIONERY , ASIA-PACIFIC, 2022 VS 2029
- Figure 58:
- VOLUME OF PEA PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE OF PEA PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 60:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % DAIRY AND DAIRY ALTERNATIVE PRODUCTS , ASIA-PACIFIC, 2022 VS 2029
- Figure 61:
- VOLUME OF PEA PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE OF PEA PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 63:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS , ASIA-PACIFIC, 2022 VS 2029
- Figure 64:
- VOLUME OF PEA PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE OF PEA PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 66:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % RTE/RTC FOOD PRODUCTS , ASIA-PACIFIC, 2022 VS 2029
- Figure 67:
- VOLUME OF PEA PROTEIN MARKET, SNACKS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE OF PEA PROTEIN MARKET, SNACKS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 69:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % SNACKS , ASIA-PACIFIC, 2022 VS 2029
- Figure 70:
- VOLUME OF PEA PROTEIN MARKET, PERSONAL CARE AND COSMETICS, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VALUE OF PEA PROTEIN MARKET, PERSONAL CARE AND COSMETICS, ASIA-PACIFIC, 2017 - 2029
- Figure 72:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % PERSONAL CARE AND COSMETICS , ASIA-PACIFIC, 2022 VS 2029
- Figure 73:
- VOLUME OF PEA PROTEIN MARKET, SUPPLEMENTS END USER, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VALUE OF PEA PROTEIN MARKET, SUPPLEMENTS END USER, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- VALUE SHARE OF PEA PROTEIN MARKET BY SUPPLEMENTS END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 76:
- VOLUME SHARE OF PEA PROTEIN MARKET BY SUPPLEMENTS END USER, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 77:
- VOLUME OF PEA PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- VALUE OF PEA PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 79:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % BABY FOOD AND INFANT FORMULA , ASIA-PACIFIC, 2022 VS 2029
- Figure 80:
- VOLUME OF PEA PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE OF PEA PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 82:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % ELDERLY NUTRITION AND MEDICAL NUTRITION , ASIA-PACIFIC, 2022 VS 2029
- Figure 83:
- VOLUME OF PEA PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 84:
- VALUE OF PEA PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 85:
- VALUE SHARE OF PEA PROTEIN MARKET BY FORM, % SPORT/PERFORMANCE NUTRITION , ASIA-PACIFIC, 2022 VS 2029
- Figure 86:
- VOLUME OF PEA PROTEIN MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 87:
- VALUE OF PEA PROTEIN MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 88:
- VALUE SHARE OF PEA PROTEIN MARKET BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 89:
- VOLUME SHARE OF PEA PROTEIN MARKET BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 90:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 91:
- VALUE OF PEA PROTEIN MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , AUSTRALIA, 2022 VS 2029
- Figure 93:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 94:
- VALUE OF PEA PROTEIN MARKET, USD, CHINA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , CHINA, 2022 VS 2029
- Figure 96:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 97:
- VALUE OF PEA PROTEIN MARKET, USD, INDIA, 2017 - 2029
- Figure 98:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , INDIA, 2022 VS 2029
- Figure 99:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 100:
- VALUE OF PEA PROTEIN MARKET, USD, INDONESIA, 2017 - 2029
- Figure 101:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , INDONESIA, 2022 VS 2029
- Figure 102:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 103:
- VALUE OF PEA PROTEIN MARKET, USD, JAPAN, 2017 - 2029
- Figure 104:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , JAPAN, 2022 VS 2029
- Figure 105:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 106:
- VALUE OF PEA PROTEIN MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 107:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , MALAYSIA, 2022 VS 2029
- Figure 108:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 109:
- VALUE OF PEA PROTEIN MARKET, USD, NEW ZEALAND, 2017 - 2029
- Figure 110:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , NEW ZEALAND, 2022 VS 2029
- Figure 111:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 112:
- VALUE OF PEA PROTEIN MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 113:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , SOUTH KOREA, 2022 VS 2029
- Figure 114:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, THAILAND, 2017 - 2029
- Figure 115:
- VALUE OF PEA PROTEIN MARKET, USD, THAILAND, 2017 - 2029
- Figure 116:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , THAILAND, 2022 VS 2029
- Figure 117:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, VIETNAM, 2017 - 2029
- Figure 118:
- VALUE OF PEA PROTEIN MARKET, USD, VIETNAM, 2017 - 2029
- Figure 119:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , VIETNAM, 2022 VS 2029
- Figure 120:
- VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 121:
- VALUE OF PEA PROTEIN MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 122:
- VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % , REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 123:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC PEA PROTEIN MARKET, 2017 - 2022
- Figure 124:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2022
- Figure 125:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC PEA PROTEIN MARKET, 2021
Asia-Pacific Pea Protein Industry Segmentation
Concentrates, Isolates, Textured/Hydrolyzed are covered as segments by Form. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Thailand, Vietnam are covered as segments by Country.
- Pea protein demand is highly dominated by the food and beverage segment, which is anticipated to record a CAGR of 6.54%, by volume, during the forecast period. The growth was mainly observed from meat alternative products, which held a share of 69.61% by volume in 2022, and it is anticipated to record a CAGR of 6.85%, by volume, during the forecast period. This increase can be due to its hypoallergenic quality and similar amino acid profile to meat.
- Pea protein is proven to fuel athletic performance by improving strength, increasing lean muscle mass, and optimizing recovery. Protein ingredients obtained from peas contains 50-85% of proteins and are particularly rich in essential branched-chain amino acids (BCAA; leucine, isoleucine, and valine), known to play an important role in muscle protein synthesis. As a result, in the supplements segment, the sports and nutrition sub-segment accounts for leading market volume share of 74.15%, in 2023. Increasing adoption of active lifestyles to support the physical fitness is estimated to create lucrative market opportunities as health-conscious consumers are shifting towards clean-label supplements made with plant-based ingredients like pea protein.
- The sales of pea protein in animal feed segment is estimated to register fastest CAGR of 8.77% in terms of value, during the forecast period. Pea protein can be considered as high-quality vegetable protein source in premium pet food for being non-GMO, grain-free, hypoallergenic, and sustainable. Also, the investment by major pet food companies like Nestlé Purina PetCare is estimated to offer potential growth opportunities in the region's animal feed sector. In April 2022, the company announced over USD 60 million investment to upgrade its manufacturing plant in Blayney, Australia.
| Form | Concentrates | ||
| Isolates | |||
| Textured/Hydrolyzed | |||
| End User | Animal Feed | ||
| Food and Beverages | By Sub End User | Bakery | |
| Beverages | |||
| Breakfast Cereals | |||
| Condiments/Sauces | |||
| Confectionery | |||
| Dairy and Dairy Alternative Products | |||
| Meat/Poultry/Seafood and Meat Alternative Products | |||
| RTE/RTC Food Products | |||
| Snacks | |||
| Personal Care and Cosmetics | |||
| Supplements | By Sub End User | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | |||
| Sport/Performance Nutrition | |||
| Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| New Zealand | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific |
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Market Definition
- End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
- Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
- Average Protein Content - Average protein content is the average protein content present per 100 g of product manufactured by all end-user companies considered under the scope of this report.
- End User Market Volume - End-user market volume is the consolidated volume of all types and forms of end-user products in the country or region.
| Keyword | Definition |
|---|---|
| Alpha-lactalbumin (α-Lactalbumin) | It is a protein that regulates the production of lactose in the milk of almost all mammalian species. |
| Amino acid | It is an organic compound that contains both amino and carboxylic acid functional groups, which are required for the synthesis of body protein and other important nitrogen-containing compounds, such as creatine, peptide hormones, and some neurotransmitters. |
| Blanching | It is the process of briefly heating vegetables with steam or boiling water. |
| BRC | British Retail Consortium |
| Bread improver | It is a flour-based blend of several components with specific functional properties designed to modify dough characteristics and give quality attributes to bread. |
| BSF | Black Soldier Fly |
| Caseinate | It is a substance produced by adding an alkali to acid casein, a derivative of casein. |
| Celiac disease | Celiac disease is an immune reaction to eating gluten, a protein found in wheat, barley, and rye. |
| Colostrum | It is a milky fluid that’s released by mammals that have recently given birth before breast milk production begins. |
| Concentrate | It is the least processed form of protein and has a protein content ranging from 40-90% by weight. |
| Dry protein basis | It refers to the percentage of "pure protein" present in a supplement after the water in it is completely removed through heat. |
| Dry whey | It is the product resulting from drying fresh whey which has been pasteurized and to which nothing has been added as a preservative. |
| Egg protein | It is a mixture of individual proteins, including ovalbumin, ovomucoid, ovoglobulin, conalbumin, vitellin, and vitellenin. |
| Emulsifier | It is a food additive that facilitates the blending of foods that are immiscible with one another, such as oil and water. |
| Enrichment | It is the process of addition of micronutrients that are lost during the processing of the product. |
| ERS | Economic Research Service of the USDA |
| Extrusion | It is the process of forcing soft mixed ingredients through an opening in a perforated plate or die designed to produce the required shape. The extruded food is then cut to a specific size by blades. |
| Fava | Also known as Faba, it is another word for yellow split beans. |
| FDA | Food and Drug Administration |
| Flaking | It is a process in which typically a cereal grain (like corn, wheat, or rice) is broken down into grits, cooked with flavors and syrups, and then pressed into flakes between cooled rollers. |
| Foaming agent | It is a food ingredient that makes it possible to form or maintain a uniform dispersion of a gaseous phase in a liquid or solid food. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Fortification | It is the deliberate addition of micronutrients that are not found in them naturally or which are lost during processing, to improve a food product's nutritional value. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gelling agent | It is an ingredient that functions as a stabilizer and thickener to provide thickening without stiffness through the formation of gel. |
| GHG | Greenhouse Gas |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
| Hemp | It is a botanical class of Cannabis sativa cultivars grown specifically for industrial or medicinal use. |
| Hydrolysate | It is a form of protein manufactured by exposing the protein to enzymes that can partially break the bonds between the protein's amino acids and break down large, complicated proteins into smaller pieces. Its processing makes it easier and quicker to digest. |
| Hypoallergenic | It refers to a substance that causes fewer allergic reactions. |
| Isolate | It is the purest and most processed form of protein which has undergone separation to obtain a pure protein fraction. It typically contains ≥ 90% of protein by weight. |
| Keratin | It is a protein that helps form hair, nails, and the outer layer of skin. |
| Lactalbumin | It is the albumin contained in milk and obtained from whey. |
| Lactoferrin | It is an iron‑binding glycoprotein that is present in the milk of most mammals. |
| Lupin | It is the yellow legume seeds of the genus Lupinus. |
| Millenial | Also known as Generation Y or Gen Y, it refers to the people born from 1981 to 1996. |
| Monogastric | It refers to an animal with a single-compartmented stomach. Examples of monogastric include humans, poultry, pigs, horses, rabbits, dogs, and cats. Most monogastric are generally unable to digest much cellulose food materials such as grasses. |
| MPC | Milk protein concentrate |
| MPI | Milk protein isolate |
| MSPI | Methylated soy protein isolate |
| Mycoprotein | Mycoprotein is a form of single-cell protein, also known as fungal protein, derived from fungi for human consumption. |
| Nutricosmetics | It is a category of products and ingredients that act as nutritional supplements to care for skin, nails, and hair natural beauty. |
| Osteoporosis | It is a medical condition in which the bones become brittle and fragile from loss of tissue, typically as a result of hormonal changes, or deficiency of calcium or vitamin D. |
| PDCAAS | Protein digestibility-corrected amino acid score (PDCAAS) is a method of evaluating the quality of a protein based on both the amino acid requirements of humans and their ability to digest it. |
| Per-capita consumption of animal protein | It is the average amount of animal protein (such as milk, whey, gelatin, collagen, and egg proteins) that is readily available for consumption by each person in an actual population. |
| Per-capita consumption of plant protein | It is the average amount of plant protein (such as soy, wheat, pea, oat, and hemp proteins) that is readily available for consumption by each person in an actual population. |
| Quorn | It is a microbial protein manufactured using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten. |
| RTD | Ready-to-Drink |
| RTS | Ready-to-Serve |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Softgel | It is a gelatin-based capsule with a liquid fill. |
| SPC | Soy protein concentrate |
| SPI | Soy protein isolate |
| Spirulina | It is a biomass of cyanobacteria that can be consumed by humans and animals. |
| Stabilizer | It is an ingredient added to food products to help maintain or enhance their original texture, and physical and chemical characteristics. |
| Supplementation | It is the consumption or provision of concentrated sources of nutrients or other substances that are intended to supplement nutrients in the diet and is intended to correct nutritional deficiencies. |
| Texturant | It is a specific type of food ingredient that is used to control and alter the mouthfeel and texture of food and beverage products. |
| Thickener | It is an ingredient that is used to increase the viscosity of a liquid or dough and make it thicker, without substantially changing its other properties. |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| TSP | Textured soy protein |
| TVP | Textured vegetable protein |
| WPC | Whey protein concentrate |
| WPI | Whey protein isolate |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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