Meticulous Research® has released a comprehensive report titled “Yellow Pea Protein Market,” forecasting a market value of $1.09 billion by 2029, with a compound annual growth rate (CAGR) of 15.8% from 2022 to 2029. This growth is fueled by the rising demand for plant-based nutrition, health and wellness trends, and consumer awareness of the nutritional benefits of pea protein.
The market is segmented by type, including pea protein isolate, concentrate, flour, and others. The pea protein isolate segment is expected to hold the largest share in 2022, owing to its high protein content and versatile applications in high-performance nutrition and snack products. Furthermore, it is projected to grow at the highest CAGR during the forecast period, driven by increasing demand from plant-based product manufacturers.
In terms of source process, conventional yellow pea protein dominates the market due to its lower costs and wider availability compared to organic alternatives. However, the organic segment is anticipated to experience the highest growth due to the rising demand for clean label products and certified organic options.
The processing method segment reveals dry processing as the leader, favored for its lower resource consumption. Conversely, wet processing is expected to see the highest growth due to its superior purity. The powder form of yellow pea protein is currently more popular, but liquid forms are gaining traction, particularly in the dairy alternatives sector.
Geographically, North America leads the market share, bolstered by a robust food and beverage industry and an increasing vegan population. Meanwhile, the Asia-Pacific region is set to experience the highest CAGR, driven by growing health consciousness and the booming food industry.
