Growing demand for pea protein due to rise in veganism and health benefits

From GlobeNewswire: 2025-03-13 06:50:00

The pea protein market is growing rapidly due to the increasing vegan population, demand for plant-based proteins, and use in food and beverage industry. The market is expected to reach $1,658.15 million by 2031 at a 13.5% CAGR. Pea protein is popular for its health benefits and ability to replace dairy in various products.

Veganism is on the rise, leading to a surge in demand for plant-based proteins like pea protein. Pea protein is a complete protein source with all essential amino acids, making it ideal for vegan and vegetarian diets. The growing interest in plant-based diets has driven the popularity of pea protein supplements and powders.

Pea protein is gaining traction in the sports nutrition market due to its rich amino acid profile, which supports muscle development and recovery. Manufacturers are offering pea protein powders in various flavors to attract consumers interested in health and wellness products. The demand for pea protein in sports nutrition is expected to create lucrative opportunities for manufacturers.

North America led the pea protein market in 2023, followed by Europe and APAC. Asia Pacific is anticipated to have the highest CAGR during the forecast period. The market is segmented by type, form, application, and region, offering a diverse range of opportunities for stakeholders in the pea protein industry.



Read more at GlobeNewswire: Pea Protein Market Size to Reach a Value USD 1658.15