North America Pea Protein Ingredients Market Size

The North America Pea Protein Ingredients Market is experiencing growth driven by the increasing demand for plant-based proteins, particularly in the food and beverage sector, where meat alternatives and ready-to-eat/ready-to-cook products are leading applications. The market's expansion is further supported by the rising popularity of vegan diets and the strategic investments by companies to meet the growing consumer preference for plant protein-based foods. The United States holds a significant share of the market due to its consumer acceptance and the versatility of pea protein across various applications. Meanwhile, Mexico is noted as the fastest-growing country in the region, with a shift towards healthier, pea-based protein alternatives.

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North America Pea Protein Ingredients Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 195.6 Million
svg icon Market Size (2029) USD 256.6 Million
svg icon Largest Share by End User Food and Beverages
svg icon CAGR (2024 - 2029) 5.58 %
svg icon Largest Share by Country United States

Major Players

North America Pea Protein Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Pea Protein Ingredients Market Analysis

The North America Pea Protein Ingredients Market size is estimated at 195.6 million USD in 2024, and is expected to reach 256.6 million USD by 2029, growing at a CAGR of 5.58% during the forecast period (2024-2029).

195.6 Million

Market Size in 2024 (USD)

256.6 Million

Market Size in 2029 (USD)

6.75 %

CAGR (2017-2023)

5.58 %

CAGR (2024-2029)

Largest Market by Form

58.77 %

value share, Isolates, 2023

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Higher protein content and lower carbohydrate content of pea isolates, compared to other forms, have increased their demand, making them the largest segment by form.

Largest Market by End User

46.44 %

value share, Food and Beverages, 2023

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The F&B segment dominates the market due to the high demand for pea protein as a meat alternative since it provides quick rehydration, neutral taste, and texturizing properties.

Fastest Growing Market by Form

6.08 %

Projected CAGR, Isolates, 2024-2029

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The rising application of isolate pea protein in functional beverages, bakery, snacks, supplements, and animal feed is projected to drive the segment in the forecast period.

Fastest Growing Market by End User

8.23 %

Projected CAGR, Food and Beverages, 2024-2029

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The projected growth of the F&B sector is attributed to the constant product launches, driving the demand for pea protein in the meat alternative and snacks industries.

Leading Market Player

17.77 %

market share, International Flavors & Fragrances, Inc., Inc.

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Being the market leader, the company has mainly focused on product innovation and partnerships to augment the production of pea protein, strengthening its market position.

F&B sector accounted major share in 2022 with an growing demand for meat alternatives products.

  • The food and beverage segment is the region's leading application segment for pea proteins, led by meat alternatives and RTE/RTC food products. In 2022, these two sub-segments held a volume share of 76.4% in the overall pea protein consumed through the food and beverages segment in North America. Owing to its increased application functionalities in various foods largely drove the segmental shares. Another important segment for pea protein is the supplements segment, which registered a CAGR of 7.02% during the study period. This progress indicates a trend of supplements becoming a common part of daily life and being considered more wholesome, satisfying, and nutritious.
  • The increasing preference for plant protein-based foods and beverages is leading companies to invest strategically in the industry. North America is becoming one of the prime established markets for plant-based meat globally, with the meat and meat alternatives segment expected to grow the fastest with respect to pea protein. The segment is projected to register a CAGR of 10.48% during the forecast period.
  • In the region, veganism is becoming more popular. More people are switching to vegan diets and only buying plant-based products. The increasing acceptance of vegan diets is anticipated to be advantageous for manufacturers of plant-based protein supplements. In 2021, 0.5% of the US population (1.62 million) was estimated to be vegan. While a small number of Americans are vegan, in reality, the number of people who are not completely vegan but aspire to be is far higher. 39% of Americans state that their diets do not consist entirely of plant-based foods, but they want to become fully vegan by avoiding as many animal-related foods as possible.
North America Pea Protein Ingredients Market
  • The United States retained its top position in the region in 2022 and it also registered a growth of 36.83%, by value during the review period, 2017-2022. Pea protein has gained significant traction in the country due to widespread consumer acceptance of versatility across different applications. Manufacturers also prefer pea protein, quoting its ability to meet nutritional, functional, and label objectives. The country was followed by Mexico and Canada in terms of market value, driven by the food and beverage sector.
  • Companies are ramping up their production to address the growing demand for pea protein in the United States. In 2021, Cargill's Puris launched its new US facility with a forecast to double the production of its pea protein ingredient. Similarly, Ingredion has expanded its “on-trend” line of plant-based solutions for the F&B industry, adding two pea-based ingredients to its Nebraska-based pea protein factory. Such constant competitive developments in the region are anticipated to further drive the growth of the F&B sector resulting with pea protein, registering a CAGR of 5.49%, by volume, during the forecast period.
  • Mexico is the fastest-growing country in the global pea protein market. It is projected to register a CAGR of 8.05% in terms of value during the forecast period. There is an increasing concern for mitigating the threat of serious diseases such as cardiovascular diseases and obesity associated with the excess consumption of meat, which is the major component of Mexican food. About 73% of the Mexican population is overweight. This is causing people to shift to healthier alternatives, such as pea-based protein products, thereby resulting in market growth.

North America Pea Protein Ingredients 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. Canada, Mexico, United States are covered as segments by Country.

  • The food and beverage segment is the region's leading application segment for pea proteins, led by meat alternatives and RTE/RTC food products. In 2022, these two sub-segments held a volume share of 76.4% in the overall pea protein consumed through the food and beverages segment in North America. Owing to its increased application functionalities in various foods largely drove the segmental shares. Another important segment for pea protein is the supplements segment, which registered a CAGR of 7.02% during the study period. This progress indicates a trend of supplements becoming a common part of daily life and being considered more wholesome, satisfying, and nutritious.
  • The increasing preference for plant protein-based foods and beverages is leading companies to invest strategically in the industry. North America is becoming one of the prime established markets for plant-based meat globally, with the meat and meat alternatives segment expected to grow the fastest with respect to pea protein. The segment is projected to register a CAGR of 10.48% during the forecast period.
  • In the region, veganism is becoming more popular. More people are switching to vegan diets and only buying plant-based products. The increasing acceptance of vegan diets is anticipated to be advantageous for manufacturers of plant-based protein supplements. In 2021, 0.5% of the US population (1.62 million) was estimated to be vegan. While a small number of Americans are vegan, in reality, the number of people who are not completely vegan but aspire to be is far higher. 39% of Americans state that their diets do not consist entirely of plant-based foods, but they want to become fully vegan by avoiding as many animal-related foods as possible.
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
Canada
Mexico
United States
Rest of North America
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North America Pea Protein Ingredients Market Size Summary

The North America Pea Protein Ingredients Market is experiencing significant growth, driven by the increasing demand for plant-based foods and beverages. The food and beverage sector, particularly meat alternatives and ready-to-eat/ready-to-cook products, dominates the market, with pea protein gaining traction due to its versatility and nutritional benefits. The supplements segment is also expanding, reflecting a broader trend towards incorporating plant-based proteins into daily diets. The rise of veganism and flexitarian diets in the region is further propelling the market, as more consumers seek healthier, sustainable alternatives to animal-based products. This shift is encouraging companies to invest strategically in the development and production of pea protein ingredients, positioning North America as a key player in the global plant-based protein market.

The United States leads the market in North America, with significant growth in pea protein consumption across various applications. Canada and Mexico are also contributing to the market's expansion, with Canada being a major producer of dry peas, the primary raw material for pea protein extraction. The region's production capabilities are supported by government initiatives and investments aimed at meeting the growing consumer demand for sustainable plant-based proteins. The market is moderately consolidated, with major players like Archer Daniels Midland Company, Bunge Limited, and Kerry Group PLC dominating the landscape. These companies are actively expanding their product offerings and processing capabilities to capitalize on the increasing popularity of pea protein, ensuring a steady supply to meet the rising demand.

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North America Pea Protein Ingredients Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Form

      1. 1.1.1 Concentrates

      2. 1.1.2 Isolates

      3. 1.1.3 Textured/Hydrolyzed

    2. 1.2 End User

      1. 1.2.1 Animal Feed

      2. 1.2.2 Food and Beverages

        1. 1.2.2.1 By Sub End User

          1. 1.2.2.1.1 Bakery

          2. 1.2.2.1.2 Beverages

          3. 1.2.2.1.3 Breakfast Cereals

          4. 1.2.2.1.4 Condiments/Sauces

          5. 1.2.2.1.5 Confectionery

          6. 1.2.2.1.6 Dairy and Dairy Alternative Products

          7. 1.2.2.1.7 Meat/Poultry/Seafood and Meat Alternative Products

          8. 1.2.2.1.8 RTE/RTC Food Products

          9. 1.2.2.1.9 Snacks

      3. 1.2.3 Personal Care and Cosmetics

      4. 1.2.4 Supplements

        1. 1.2.4.1 By Sub End User

          1. 1.2.4.1.1 Baby Food and Infant Formula

          2. 1.2.4.1.2 Elderly Nutrition and Medical Nutrition

          3. 1.2.4.1.3 Sport/Performance Nutrition

    3. 1.3 Country

      1. 1.3.1 Canada

      2. 1.3.2 Mexico

      3. 1.3.3 United States

      4. 1.3.4 Rest of North America

North America Pea Protein Ingredients Market Size FAQs

The North America Pea Protein Ingredients Market size is expected to reach USD 195.59 million in 2024 and grow at a CAGR of 5.58% to reach USD 256.65 million by 2029.

In 2024, the North America Pea Protein Ingredients Market size is expected to reach USD 195.59 million.

North America Pea Protein Ingredients Market Report Snapshots

North America Pea Protein Ingredients Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029