Pea protein market forecast
- Grand View Research put the global pea protein market at $2.12 billion in 2023 and forecast it will reach $4.71 billion by 2030, recasting a category once framed mainly around niche plant-based foods. - Roquette said its Manitoba plant is designed to process 125,000 metric tons of yellow peas a year, while Ingredion and Burcon have pushed newer pea proteins for beverages and commercial production. - The newer forecasts are lower than some older $6 billion-plus estimates, but still imply double-digit growth and more supplier investment. (grandviewresearch.com)
Pea protein is still growing fast, but newer market forecasts are smaller than the biggest projections that circulated a few years ago. (grandviewresearch.com) (marketsandmarkets.com) Grand View Research estimated the global pea protein market at $2.12 billion in 2023 and said it could reach $4.71 billion by 2030, a 12.1% annual growth rate from 2024. (grandviewresearch.com 1) (grandviewresearch.com 2) MarketsandMarkets published a lower near-term path: $2.1 billion in 2024 rising to $3.7 billion by 2029, also at about 12% annual growth. (marketsandmarkets.com) Pea protein is the protein fraction pulled from yellow peas and sold as powders for shakes, bars, dairy alternatives and meat substitutes. Companies pitch it as a plant ingredient with lower allergen risk than soy and without dairy. (grandviewresearch.com) The current push is less about novelty than functionality. Suppliers are trying to make pea protein dissolve better, taste cleaner and work in ready-to-drink beverages where gritty texture can kill a product launch. (ingredion.com) (roquette.com) Ingredion said on October 24, 2024 that it launched VITESSENCE Pea 200 D, a pea protein aimed at better solubility and dispersibility in nutritional drinks. (ingredion.com) Roquette said on February 23, 2026 that it launched NUTRALYS Pea 850F, a pea protein isolate designed for a cleaner, more neutral taste in plant-based formulations. (roquette.com) On the supply side, Roquette says its Manitoba facility is expected to be the world’s largest pea protein plant, with capacity to process 125,000 metric tons of peas a year and sourcing that could expand from 115 farms to as many as 300. (roquette.com 1) (roquette.com 2) Burcon said on June 9, 2025 that it completed the first commercial production run of its Peazazz C pea protein at its Galesburg, Illinois facility. (burcon.ca) Those launches and capacity builds show where the market is heading: less dependence on a single blockbuster meat-alternative trend, and more use in beverages, nutrition products and blended formulations. (ingredion.com) (roquette.com) (grandviewresearch.com) The headline for investors and food companies is not a straight line to $6 billion-plus by 2030. The more recent published forecasts point to a market closer to $4 billion to $5 billion by the end of the decade, still growing at a double-digit pace. (grandviewresearch.com) (marketsandmarkets.com) That leaves pea protein as a real growth ingredient, but one now defined more by execution on taste, texture and scale than by the early hype around plant-based eating alone. (roquette.com) (ingredion.com)
