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

The Report Covers the European Pea Protein Market, Which is Segmented by Form (Protein Isolate, Protein Concentrate, and Textured Protein), Application (Bakery, Meat Extender and Substitute, Nutritional Supplement, Beverage, Snacks, and Other Applications), and Geography (Spain, United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe). The Market Size is in USD and Volume in Tons for all the Abovementioned Segments.

Europe Pea Protein Market Size

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Europe Pea Protein Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 204.03 Million
Market Size (2029) USD 290.72 Million
CAGR (2024 - 2029) 7.34 %
Market Concentration Low

Major Players

Europe Pea Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Pea Protein Market Analysis

The Europe Pea Protein Market size is estimated at USD 204.03 million in 2024, and is expected to reach USD 290.72 million by 2029, growing at a CAGR of 7.34% during the forecast period (2024-2029).

  • The demand for plant-based products is increasing in the European market owing to their nutritional benefits, low cholesterol, and as an alternative to meat products. Additionally, the demand for plant protein is growing in the European region due to consumer interest in alternative proteins, awareness of the benefits of plant-based diets, and the environmental impact of animal husbandry. This has eventually increased the demand for plant-based meat and dairy and raised the popularity of protein beverages in sports and performance nutrition, supplements, and natural and organic food products, driving the market growth in the region.
  • As pea protein is a concentrated source of protein, often containing around 80-90% protein content per serving, demand for sports nutrition products with pea protein is rising in the region, mainly from sports enthusiasts. This high protein density benefits athletes by helping them meet their daily protein requirements and supporting muscle recovery and growth.
  • Moreover, pea protein is free from common allergens like soy, dairy, and gluten. Also, it is rich in essential amino acids, particularly lysine, which is often limited in other plant-based proteins, making it suitable for individuals with dietary restrictions or sensitivities. Such factors have increased the number of applications of pea protein as many manufacturers are turning toward incorporating protein into their products. Pea protein is utilized in various food products, including plant-based meats, protein bars, shakes, and baked goods, to enhance protein content and improve overall nutrition.
  • For instance, in July 2023, Vow Nutrition launched Sparklean, a high-protein drink with pea protein. The company launched these products through 1400 Boot stores in the United Kingdom. Moreover, consumers increasingly seek products with clean, simple ingredient lists, and pea protein aligns with this clean-label trend. Such factors, coupled with the clean-label trend in the region, are driving the market growth.

Europe Pea Protein Market Trends

Growing Demand for Plant Based Alternatives

  • Health-conscious consumers in the region opt to consume vegan and plant-based food instead of meat and dairy products due to different health conditions and environmental reasons. Also, there is an increased trend of consumers shifting to plant-based milk over conventional milk products owing to lactose intolerance. In line with this, many players offer ingredients with multiple application capabilities in food and beverages, aiding manufacturers to incorporate plant-based ingredients like pea protein into their products.
  • Additionally, growing awareness of environmental issues, such as climate change and resource depletion, has prompted consumers to look for more sustainable choices, thus supporting market growth. Plant-based alternatives have a lower carbon footprint and require fewer resources during production compared to traditional animal agriculture.
  • Plant-based milk is also available in various plant-based ingredients like grain proteins, attracting manufacturers to incorporate pea protein ingredients into their products and launch with attractive health claims. For instance, in January 2022, plant-based brand OZO launched pea protein-based plant-based products in the United Kingdom, claiming that these products offer a good source of protein alongside clean ingredients. Hence, the demand for pea protein ingredients is growing from various manufacturers in the region. Hence, over the medium term, the market is expected to grow owing to the increasing demand for plant-based alternatives in the region.
Europe Pea Protein Market: Number of Vegan Products launched, By Country and Region, Global, January 2022

Germany Holds the Largest Share in Pea Protein Market

  • In Germany, plant-based diets are often perceived as healthier, with potential benefits like lower cholesterol levels and reduced risk of certain diseases. Also, due to changing dietary preferences and lifestyles, Germany has a growing number of vegan and vegetarian consumers. According to United States Department of Agriculture data from 2022, 1.5 million people in Germany were vegan, and nearly 8 billion people in Germany followed a vegetarian diet. The young population in the country is eco-conscious, and they are aware of the environmental effects of meat consumption. Due to this, they are shifting their food preferences to vegan and vegetarian food, supporting the growth of the pea protein market.
  • Furthermore, the increased demand for plant proteins can be depicted by the fall in meat consumption. For instance, according to the Federal Agency of Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung, BLE), in 2022, around 6.5 million tons of meat were consumed in Germany, which was less than the year before. Figures varied during the specified period but have begun decreasing since 2018 without any rise.
  • Additionally, pea proteins like textured proteins and isolates are used in food products due to their benefits, such as zero cholesterol and high protein, further raising demand in the country. The product often incorporated with pea proteins includes plant-based meat alternatives, dairy-free options, and a wide range of plant-based snacks and convenience food. Moreover, with these increased applications of pea protein, players in the country have focused on improving their product portfolio in recent years. For instance, in December 2022, Royal DSM launched Vertis, a textured pea canola protein in the country. The product was claimed to contain nine essential amino acids, and the product is soy-free and gluten-free.
Europe Pea Protein Market: Consumption of Meat, in 1,000 Tons of Dressed Weight, Germany, 2019-2022

Europe Pea Protein Industry Overview

The European pea protein market is fragmented, with global and regional players dominating the market. The prominent players in the region include International Flavors & Fragrances, Inc., Ingredion Incorporated, Koninklijke DSM N.V., Archer Daniels Midland Company, and Kerry Group PLC. The demand for plant-based ingredients is growing in the region due to shifting consumer preferences toward vegan and plant-based food. The market players are engaged in mergers and acquisitions to strengthen their portfolios and market reach. Moreover, they are focused on investing in research and development activities for innovative products with multiple application capabilities and enhanced functional qualities.

Europe Pea Protein Market Leaders

  1. Ingredion Incorporated

  2. Koninklijke DSM N.V.

  3. Archer Daniels Midland Company

  4. Kerry Group PLC

  5. International Flavors & Fragrances, Inc.

*Disclaimer: Major Players sorted in no particular order

Europe Pea Protein Market Concentration
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Europe Pea Protein Market News

  • February 2024: Roquette Freres SA launched four multi-functional pea proteins designed to improve taste, texture, and creativity in plant-based food and high-protein nutritional products. The four pea protein ingredients include NUTRALYS® Pea F853M (isolate), NUTRALYS® H85 (hydrolysate), NUTRALYS® T Pea 700FL (textured) and NUTRALYS® T Pea 700M (textured).
  • July 2023: ADM and Marel accelerate their alternative protein capabilities with an innovation center in the Netherlands to manufacture and market new alternative protein products and leverage pilot plant production with novel processing techniques.
  • June 2023: Cosucra raised EUR 45 million from Sofiprotéol, Wallonie Entreprendre and the Société Fédérale de Participations et d’Investissement (SFPIM). The company announced its plans to invest the money in expanding its production capacity and other operations.

Europe Pea Protein Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Growing Demand for Plant Based Alternatives

      2. 4.1.2 Expanding Application of Pea Protein Toward Food Fortification

    2. 4.2 Market Restraints

      1. 4.2.1 Low Awareness and Application of the Additive

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Form

      1. 5.1.1 Protein Isolate

      2. 5.1.2 Protein Concentrate

      3. 5.1.3 Textured Protein

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Meat Extender and Substitute

      3. 5.2.3 Nutritional Supplement

      4. 5.2.4 Beverage

      5. 5.2.5 Snacks

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 Germany

      4. 5.3.4 France

      5. 5.3.5 Italy

      6. 5.3.6 Russia

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill, Incorporated

      2. 6.3.2 Kerry Group PLC

      3. 6.3.3 Roquette Freres SA

      4. 6.3.4 Archer Daniels Midland Company (ADM)

      5. 6.3.5 Koninklijke DSM N.V.

      6. 6.3.6 Emsland Food GmbH

      7. 6.3.7 Ingredion Incorporated

      8. 6.3.8 Cosucra Groupe Warcoing SA

      9. 6.3.9 International Flavors & Fragrances, Inc.

      10. 6.3.10 Ceresal Gmbh

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Pea Protein Industry Segmentation

Pea protein is a food product and protein supplement derived and extracted from yellow and green split peas, Pisum sativum.

The European pea protein market is segmented by form, application, and geography. Based on form, the market is segmented into protein isolate, protein concentrate, and textured protein. Based on application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and other applications. By geography, the market is segmented into Spain, the United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe.

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

Form
Protein Isolate
Protein Concentrate
Textured Protein
Application
Bakery
Meat Extender and Substitute
Nutritional Supplement
Beverage
Snacks
Other Applications
Geography
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
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Europe Pea Protein Market Research FAQs

The Europe Pea Protein Market size is expected to reach USD 204.03 million in 2024 and grow at a CAGR of 7.34% to reach USD 290.72 million by 2029.

In 2024, the Europe Pea Protein Market size is expected to reach USD 204.03 million.

Ingredion Incorporated, Koninklijke DSM N.V., Archer Daniels Midland Company, Kerry Group PLC and International Flavors & Fragrances, Inc. are the major companies operating in the Europe Pea Protein Market.

In 2023, the Europe Pea Protein Market size was estimated at USD 189.05 million. The report covers the Europe Pea Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Pea Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Pea Protein Industry Report

Statistics for the 2024 Europe Pea Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Pea Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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