India Pea Protein Market Size (2024 - 2029)

The India pea protein market is experiencing growth driven by the rising demand for plant-based and vegan food products, as well as a shift towards vegan protein diets. This trend is supported by the increasing health consciousness among the population. Pea protein is being utilized in various applications, including meat alternatives, infant formulas, and personal care products, due to its nutritional benefits and digestibility. Additionally, its use in animal feed is enhancing functionality and production capacity. The market is further buoyed by consumer preferences for non-GMO, organic, and gluten-free products, alongside the growing popularity of plant-based supplements.

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Market Size of India Pea Protein Industry

India Pea Protein Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.14 %
Market Concentration Low

Major Players

India Pea Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Pea Protein Market Analysis

The India pea protein market is expected to grow from USD 96 million in 2023 at a CAGR of 6.14% over the next five years.

  • The demand for plant protein ingredients is increasing in the country owing to the increasing demand for plant-based and vegan food products. The increasingly fitness-conscious population and a gradual shift to vegan protein diets from consuming meat products are the factors driving the demand for pea protein in the country. 
  • The products like protein isolates and concentrates are used in different meat alternatives like burgers, sandwiches, hot dogs, and many more. Pea protein gives the same texture and flavor as meat alternatives and also provides more nutrition than animal protein products. The market players are also using pea protein in infant formulas and bay food as they are easily digestible.
  • Furthermore, the use of pea protein in other applications like personal care, cosmetics, and animal feed is also increasing. Feed manufacturers are using pea protein in animal feed to increase its functionality. Because of this, the overall health and production capacity of animals is claimed to be increased. Also, pea proteins remove dirt, dust, and impurities from the skin, which are being used in personal care products as well. 
  • Consumer demand for non-GMO, organic, and gluten-free products is increasing due to increasing health awareness. The use of pea protein in plant-based supplements is also increasing due to rising preventive health care among millennials and baby boomers. Over the medium term, the demand for pea protein is expected to increase owing to the increasing demand for plant proteins and meat and dairy alternatives.

India Pea Protein Industry Segmentation

Pea protein is extracted from raw peas by processing them. Pea protein is used in different foods to increase their functionality. 

India's pea protein market is segmented by form into concentrates, isolates, and textured/hydrolyzed protein. The market is segmented by the end-user into animal feed, personal care and cosmetics, food and beverages, and supplements. 

The market sizing has been done in value terms in USD and volume terms for all the abovementioned segments.

Form
Concentrates
Isolates
Textured/Hydrolyzed
End -User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Confectionery
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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India Pea Protein Market Size Summary

The India pea protein market is experiencing significant growth, driven by the rising demand for plant-based and vegan food products. This trend is largely attributed to the increasing fitness consciousness and a shift towards vegan protein diets among the population. Pea protein is gaining popularity as a nutritious alternative to animal protein, offering similar texture and flavor to meat alternatives while being more digestible. Its applications extend beyond food products to include infant formulas, personal care, cosmetics, and animal feed, where it is valued for its functional and health benefits. The growing consumer preference for non-GMO, organic, and gluten-free products is further propelling the market, as is the rising interest in plant-based supplements among health-conscious millennials and baby boomers.

The market is characterized by a fragmented landscape with both regional and global players actively participating. Companies are focusing on product innovation and strategic partnerships to meet the increasing demand for pea protein. The consumption of protein isolates and concentrates is on the rise, particularly in the sports nutrition sector, due to their high protein content and amino acid profile. Prominent market players such as Archer Daniels Midland Company, DuPont de Nemours Inc., and Ingredion Incorporated are leading the charge with new product offerings and expansions. Recent developments include the introduction of innovative pea protein products that cater to the growing demand for soy-free, gluten-free, and dairy-free options, further enhancing the market's growth prospects.

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India Pea Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand for Organic Plant Proteins

      2. 1.1.2 Increasing Application of Pea Protein in Food and Beverages

    2. 1.2 Market Restraints

      1. 1.2.1 Presence of Alternative protein sources

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Form

      1. 2.1.1 Concentrates

      2. 2.1.2 Isolates

      3. 2.1.3 Textured/Hydrolyzed

    2. 2.2 End -User

      1. 2.2.1 Animal Feed

      2. 2.2.2 Personal Care and Cosmetics

      3. 2.2.3 Food and Beverages

        1. 2.2.3.1 Bakery

        2. 2.2.3.2 Beverages

        3. 2.2.3.3 Breakfast Cereals

        4. 2.2.3.4 Condiments/Sauces

        5. 2.2.3.5 Confectionery

        6. 2.2.3.6 Dairy and Dairy Alternative Products

        7. 2.2.3.7 Meat/Poultry/Seafood and Meat Alternative Products

        8. 2.2.3.8 RTE/RTC Food Products

        9. 2.2.3.9 Snacks

      4. 2.2.4 Supplements

        1. 2.2.4.1 Baby Food and Infant Formula

        2. 2.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 2.2.4.3 Sport/Performance Nutrition

India Pea Protein Market Size FAQs

The India Pea Protein Market is projected to register a CAGR of 6.14% during the forecast period (2024-2029)

Archer Daniels Midland Company, DuPont de Nemours Inc., Ingredion Incorporated, Titan Biotech and Rajvi Enterprise are the major companies operating in the India Pea Protein Market.

India Pea Protein Market Report Snapshots

India Pea Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)