The Asia Pacific pea protein market size was estimated at USD 588.1 million in 2023 and is expected to grow at a CAGR of 13.2% from 2024 to 2030. Increased consumer focus on fit and active lifestyle, substantial presence of the vegan population in India, and growing penetration of organized and e-retail are a few factors augmenting the growth of the market. Moreover, growing competition among processed food & beverage companies is driving them to incorporate novel or healthy ingredients in their product to appeal to health conscious consumer base.

The Asia Pacific pea protein market accounted for a share of 27.7% of the global pea protein market in 2023. Pea protein is a clean-label, plant-based, and lactose-free protein source, unlike whey and casein proteins. Therefore, the growing consumption of dietary supplements, as well as functional foods due to changing lifestyles, is likely to favor market growth in the coming years. Moreover, a positive outlook toward the dietary supplements market in China, India, and Japan is expected to remain a favorable factor for market growth over the forecast period.

Asia Pacific Pea Protein Market Segmentation Highlights

• The pea protein isolates segment accounted for a revenue share of 49.9% in 2023. Pea protein isolates have good emulsification and non-allergic characteristics.
• The other sources segment, including lentils, green peas, chickpeas, and fava beans, is expected to grow at a CAGR of 11.3% from 2024 to 2030.
• The food & beverages segment dominated the market with a revenue share of 37.28% in 2023. Food & beverage manufacturers use pea protein as nutritional supplementsin energy drinks, fruit mixes, and bakery items. 
• The dry pea protein segment accounted for a revenue share of 67.0% in 2023. The manufacturing of pea proteinthrough dry milling in combination with air classification helps retain the native functionality of protein ingredients.

Segments Covered in the Report

This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific pea protein market report based on product, form, source, application, and country:

• Product Outlook (Revenue, USD Million, 2018 - 2030)
  • Isolates
  • Concentrates
  • Textured
  • Hydrolysates
    
    
• Form Outlook (Revenue, USD Million, 2018 - 2030)
  • Dry
  • Wet
    
    
• Source Outlook (Revenue, USD Million, 2018 - 2030)
  • Yellow Split Peas
  • Others
    
    
• Application Outlook (Revenue, USD Million, 2018 - 2030)
  • Food & Beverages
    • Meat Substitutes
    • Bakery Goods
    • Dietary supplements
    • Beverages
    • Others
  • Personal Care & Cosmetics
  • Animal Feed
  • Others
    
    
• Country Outlook (Revenue, USD Million, 2018 - 2030)
  • India
  • China
  • Japan
  • Australia & New Zealand
  • South Korea

Order a free sample PDF of the Asia Pacific Pea Protein Market Intelligence Study, published by Grand View Research.