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Asia Pacific Pea Proteins Market

Asia Pacific Pea Proteins Market By Product (Isolates, Concentrates, Textured, Hydrolysates); By Application (Food & Beverages, Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, Others, Personal Care & Cosmetics, Animal Feed, Others); By Form (Dry, Wet); By Source (Yellow Split Peas, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Asia Pacific Pea Proteins Market Size 2024	USD 568.13 million
Asia Pacific Pea Proteins Market, CAGR	13.93%
Asia Pacific Pea Proteins Market Size 2032	USD 1,612.78 million

Market Overview:

The Asia Pacific Pea Proteins Market is projected to grow from USD 568.13 million in 2024 to an estimated USD 1,612.78 million by 2032, with a compound annual growth rate (CAGR) of 13.93% from 2024 to 2032.

Several factors contribute to this robust expansion. A growing health-conscious population is shifting towards plant-based diets, viewing pea protein as a healthier alternative due to its low levels of saturated fat and cholesterol. As consumers increasingly prioritize sustainable and nutritious food options, pea protein is seen as a viable solution to meet these demands. Additionally, the prevalence of lactose intolerance in the region has spurred demand for dairy-free protein options. Pea protein is gaining favor as a non-dairy, easily digestible protein source that caters to those with dietary restrictions. The functional versatility of pea protein, which allows its incorporation into various food products such as meat substitutes, bakery goods, and dietary supplements, further drives its adoption. This flexibility ensures that pea protein can be used across a wide range of consumer applications. Moreover, the rising flexitarian population in countries like Japan, India, and Singapore is boosting the demand for pea protein that can mimic the texture and taste of meat. This shift toward flexitarianism, with consumers reducing meat intake for health and environmental reasons, significantly enhances the growth prospects of pea protein products.

Regionally, China leads the market, accounting for approximately 25.1% of the revenue share in 2023. This dominance is attributed to rapid urbanization, increased income levels, and a growing awareness of the environmental and health benefits associated with plant-based proteins. With more consumers opting for healthier and more sustainable food choices, China remains at the forefront of this trend. India is emerging as a significant market driven by heightened health awareness and a burgeoning number of fitness enthusiasts. The increasing demand for clean-label, plant-based protein options in India is fueling this rapid growth. Other countries, including Australia, Japan, and South Korea, are also witnessing increased adoption of pea protein, fueled by health trends and the growing popularity of plant-based diets. These countries are experiencing a shift in consumer preferences, with more individuals seeking protein-rich alternatives that align with their lifestyle choices and dietary preferences.

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Market Insights:

The Asia Pacific pea protein market is projected to grow from USD 568.13 million in 2024 to an estimated USD 1,612.78 million by 2032, with a compound annual growth rate (CAGR) of 13.93% from 2024 to 2032, driven by a shift toward plant-based diets.
The demand for pea protein is fueled by its low levels of saturated fat and cholesterol, making it an ideal option for health-conscious consumers.
Lactose intolerance is increasing, and pea protein serves as a perfect alternative to dairy-based proteins, addressing dietary needs across the region.
Flexitarian diets are gaining popularity, with more consumers opting for plant-based protein sources like pea protein as part of their reduced meat consumption.
Environmental sustainability concerns are pushing consumers toward plant-based proteins, as pea protein has a lower environmental footprint compared to animal-based options.
Price sensitivity in emerging markets remains a challenge, as pea protein is often more expensive than traditional protein sources like soy and whey.
Awareness of pea protein’s benefits is still growing, and effective marketing and consumer education are crucial to accelerating adoption in less-informed markets.

Report scope

This reports segments are Asia Pacific Pea Proteins Market are follows

Market Drivers:

Growing Consumer Demand for Plant-Based Proteins

The increasing demand for plant-based protein products is one of the key drivers fueling the growth of the Asia Pacific pea protein market. As consumers become more health-conscious, they are opting for plant-based food alternatives to maintain a balanced diet and reduce their intake of animal-based products. Pea protein, derived from yellow peas, is rich in essential amino acids, making it a popular choice among individuals seeking healthier, plant-based protein sources. For instance, Benson Hill’s AI-powered breeding program aim to develop yellow peas with higher nutritional density and efficiency in land use. The growing preference for plant-based diets, driven by concerns over health issues such as obesity, heart disease, and cholesterol, is encouraging the adoption of pea protein in various food and beverage products. This shift in consumer behavior is contributing significantly to the rise in market demand.

Increasing Prevalence of Lactose Intolerance

Lactose intolerance is a common condition in many Asia Pacific countries, where a significant portion of the population is unable to digest lactose found in dairy products. This has led to a surge in demand for dairy-free alternatives, including plant-based proteins like pea protein. Pea protein is an ideal substitute for individuals with lactose intolerance, as it provides a high-quality source of protein without the adverse effects of dairy consumption. As awareness of lactose intolerance grows and more consumers seek dairy-free diets, the demand for pea protein-based products is expected to continue to rise. The ability of pea protein to offer a similar nutritional profile to traditional dairy proteins makes it an attractive option for this growing market segment.

Rising Popularity of Flexitarian Diets

The rise of flexitarians where individuals reduce their meat consumption but do not fully eliminate it has played a significant role in the growth of the pea protein market in Asia Pacific. Flexitarians are increasingly turning to plant-based protein alternatives to fulfill their dietary needs, seeking products that provide the nutritional benefits of meat while aligning with their health and environmental values. Pea protein is highly favored among flexitarians due to its ability to replicate the texture and taste of animal proteins, making it suitable for plant-based meat substitutes. For instance, companies like Beyond Meat have expanded their offerings with pea protein-based chicken substitutes to meet this demand for clean-label vegan options. As more consumers embrace this hybrid approach to eating, the demand for pea protein in meat substitutes, snacks, and ready-to-eat meals is poised for continued expansion.

Environmental and Sustainability Concerns

Environmental sustainability concerns are also driving the demand for pea protein in the Asia Pacific region. The growing awareness of the environmental impact of livestock farming, including high greenhouse gas emissions, deforestation, and water consumption, has led to a shift towards more sustainable food sources. Plant-based proteins, such as pea protein, are considered eco-friendlier because their production requires fewer natural resources and generates less environmental impact compared to animal-based proteins. As consumers become more eco-conscious, the demand for plant-based alternatives continues to grow, further supporting the expansion of the pea protein market in the region. This trend aligns with global sustainability goals, encouraging both consumers and manufacturers to favor plant-based options.

Market Trends:

Growing Popularity of Pea Protein in Nutritional Supplements

One of the prominent trends in the Asia Pacific pea protein market is its increasing use in nutritional supplements. With a rise in fitness and wellness awareness, particularly in countries like India, Japan, and Australia, there is a growing demand for protein supplements that cater to active lifestyles. Pea protein, known for its high digestibility and excellent amino acid profile, is becoming a preferred ingredient in protein powders, shakes, and bars. This trend is largely driven by the expanding fitness culture and the increasing interest in plant-based nutrition among athletes and fitness enthusiasts. The growing awareness of the benefits of plant-based supplements, combined with a shift away from animal-based protein sources, is encouraging manufacturers to incorporate pea protein in a wide range of supplement products.

Emergence of Clean Label and Natural Products

Consumers in the Asia Pacific region are increasingly prioritizing clean label products, which are free from artificial additives, preservatives, and unhealthy ingredients. Pea protein is being widely recognized as a natural and wholesome protein source that aligns with this clean label trend. For instance, Radipure™ pea protein also has label-friendly, low allergenic, and non-GMO features. With more consumers scrutinizing food ingredients, there is a clear shift toward transparent labeling, and pea protein offers manufacturers an opportunity to meet these demands. The demand for natural products, especially in the food and beverage sector, is growing rapidly as health-conscious consumers seek products with minimal processing. As clean label products continue to gain popularity, pea protein’s inclusion in such offerings is expected to rise, reinforcing the market’s upward trajectory.

Advancements in Pea Protein Processing Technology

Another significant trend in the Asia Pacific pea protein market is the advancement in processing technologies that improve the functionality and taste of pea protein. Historically, pea protein has faced challenges in terms of taste and texture when used in various food applications, especially in meat alternatives. However, recent innovations in processing methods, such as enzyme hydrolysis and advanced isolation techniques, have led to improved taste profiles and functional properties. For instance, researchers at the University of Minnesota optimized extraction methods to produce pea protein isolates with superior functionality compared to commercial soy protein isolates. This progress is making pea protein more versatile and appealing to both manufacturers and consumers. As processing technologies continue to improve, pea protein will increasingly be utilized in a wider range of products, from ready-to-eat meals to bakery items and beverages, expanding its presence in the market.

Increased Focus on Sustainable Sourcing

Sustainability continues to be a key trend influencing the Asia Pacific pea protein market, as consumers and manufacturers alike place greater emphasis on the environmental impact of food production. The demand for sustainably sourced pea protein is growing, as consumers are becoming more conscious of the ecological footprint of the products they purchase. With concerns over climate change, water use, and land degradation, pea protein presents a more sustainable option compared to animal-based proteins, which require more resources to produce. As manufacturers align their product offerings with sustainability goals, sourcing pea protein from regions with lower environmental impact and using sustainable farming practices will likely become a standard in the industry. This trend is expected to further support the expansion of pea protein in the Asia Pacific market, especially as eco-conscious consumers continue to favor brands that prioritize sustainability.

Market Challenges Analysis:

Price Sensitivity in Emerging Markets

One of the primary restraints in the Asia Pacific pea protein market is the price sensitivity observed in emerging markets. While pea protein offers numerous health benefits and sustainability advantages, its cost remains a barrier for many price-conscious consumers, especially in developing regions. Pea protein tends to be more expensive than traditional animal-based proteins, making it less accessible for lower-income households. Additionally, the cost of production and processing is still relatively high compared to more established protein sources like soy and whey. This pricing issue limits the widespread adoption of pea protein in certain segments of the population, particularly in price-sensitive markets such as India and parts of Southeast Asia.

Limited Awareness and Consumer Education

Despite the growing popularity of plant-based proteins, awareness of pea protein’s benefits remains limited in many parts of Asia Pacific. For example, while urban areas are seeing increased interest in plant-based diets driven by health concerns and ethical considerations, rural regions still lack exposure to such trends. Educational campaigns highlighting pea protein’s hypoallergenic properties, digestibility, and environmental sustainability are essential to expand its adoption. In India, where vegetarianism is prevalent, targeted marketing emphasizing pea protein’s suitability for traditional dishes could help overcome cultural dietary preferences.

Competition from Other Plant-Based Proteins

The Asia Pacific pea protein market faces stiff competition from other plant-based protein sources, such as soy, rice, and hemp. While pea protein has distinct benefits, including its hypoallergenic properties and higher digestibility compared to soy, it must compete with well-established alternatives that have already gained market traction. Additionally, emerging plant-based protein sources, such as algae and lentils, are further intensifying the competitive landscape. This competition may limit the growth potential of pea protein unless it can differentiate itself further in terms of taste, texture, and functionality for various food applications.

Market Opportunities:

The Asia Pacific pea protein market presents significant growth opportunities due to the increasing demand for plant-based and sustainable protein alternatives. As consumer awareness about the health benefits and environmental impact of plant-based diets continues to rise, the market for pea protein is poised for substantial expansion. The growing adoption of vegetarian, vegan, and flexitarian diets in countries such as India, China, and Japan creates a robust demand for high-quality plant-based protein sources. Additionally, the increasing prevalence of lactose intolerance and the shift towards dairy-free alternatives offer an opportunity for pea protein to serve as an ideal substitute. With its excellent amino acid profile, digestibility, and versatility, pea protein is well-positioned to cater to a broad consumer base seeking nutritious and sustainable food options.

Moreover, the rising interest in functional foods and nutritional supplements presents further opportunities for pea protein integration. As more consumers focus on health and wellness, there is a growing demand for protein supplements, protein-enriched snacks, and ready-to-eat meals that incorporate pea protein. This trend is particularly noticeable among fitness enthusiasts, athletes, and the aging population, who are increasingly seeking plant-based options for muscle recovery and overall health maintenance. Manufacturers can leverage this demand by innovating new products and improving the texture, taste, and functionality of pea protein, making it more appealing to a wider audience. With advancements in processing technologies and growing consumer interest in sustainable food production, the Asia Pacific pea protein market is poised for continued growth.

Market Segmentation Analysis:

The Asia Pacific pea protein market is segmented into several categories that contribute to its diversified growth.

By Product Segment

The product segment is led by pea protein isolates, which are highly concentrated and used in a variety of applications, particularly in meat substitutes and dietary supplements. Pea protein concentrates are also in demand due to their lower cost and versatility in food products. Textured pea protein is gaining traction in the market, particularly for use in meat alternatives, as it mimics the texture of meat. Hydrolysates, which are broken down into smaller peptides, are gaining popularity for their functional benefits in health supplements and sports nutrition.

By Application Segment

The food and beverages sector holds the largest share, with meat substitutes leading the demand, driven by the growing preference for plant-based diets. Bakery goods, dietary supplements, and beverages also account for a significant portion, as consumers increasingly seek plant-based protein options. Additionally, pea protein is used in personal care and cosmetics for its moisturizing and protein-replenishing properties. The animal feed sector is another growing application due to pea protein’s high nutritional value, offering an alternative to traditional protein sources.

By Form Segment

Dry pea protein forms dominate the market due to their ease of storage and longer shelf life, while wet forms are also gaining popularity in fresh applications and ready-to-eat products.

By Source Segment

Yellow split peas are the primary source of pea protein in the region, favored for their availability and cost-effectiveness. Other sources, such as green peas and legumes, are being explored for diversification and sustainability.

Segmentation:

By Product Segment:

Isolates
Concentrates
Textured
Hydrolysates

By Application Segment:

Food & Beverages
- Meat substitutes
- Bakery goods
- Dietary supplements
- Beverages
- Others
Personal Care & Cosmetics
Animal Feed
Others

By Form Segment:

By Source Segment:

Yellow Split Peas
others

Regional Analysis:

The Asia Pacific pea protein market is experiencing robust growth, with several regions within the area driving this expansion. The market is expected to continue evolving due to the increasing demand for plant-based and sustainable protein sources. Among the key regions, China, India, and Japan are the primary markets for pea protein, each exhibiting unique growth characteristics.

China

China holds the largest market share in the Asia Pacific pea protein market, accounting for approximately 25.1% of the revenue in 2023. This dominance can be attributed to the country’s rapid urbanization, rising disposable income levels, and increasing awareness of health and environmental issues. The growing health-conscious population in China is driving the demand for plant-based protein alternatives, especially as more consumers shift towards vegetarian and flexitarian diets. Moreover, China’s growing fitness culture is contributing to the rise in demand for nutritional supplements, many of which feature pea protein as a key ingredient. The government’s initiatives promoting sustainable agriculture further support the growth of plant-based protein markets, positioning China as a leader in the region.

India

India is another prominent player in the Asia Pacific pea protein market. The country is seeing a rise in health-conscious consumers, especially among urban populations, who are increasingly adopting plant-based diets. India’s large vegetarian population is also driving demand for alternative protein sources. Additionally, the growing awareness of lactose intolerance and its dietary implications is propelling the shift toward dairy-free, plant-based protein sources such as pea protein. The country’s emerging middle class, alongside increasing disposable income, presents significant opportunities for manufacturers to cater to the demand for plant-based protein products.

Japan and South Korea

Japan and South Korea are witnessing an increasing preference for plant-based foods, with both countries actively embracing plant-based diets driven by health and environmental concerns. Japan, in particular, is becoming a key market for pea protein due to its rising demand for meat substitutes and the increasing popularity of flexitarian diets. South Korea is also witnessing growing awareness about the benefits of plant-based nutrition, with pea protein becoming more prominent in the market for meat alternatives and dietary supplements. Together, these two countries are expected to contribute a substantial share to the market over the coming years, with both markets seeing steady growth fueled by urbanization and changing consumer preferences.

Other Southeast Asian Markets

Southeast Asia, including countries like Thailand, Malaysia, and Singapore, is also emerging as an important region in the pea protein market. The growing adoption of plant-based diets, driven by rising disposable income and an increasing interest in sustainable and healthy food choices, is enhancing the demand for pea protein. Although the market share in these countries is smaller compared to China and India, the region’s rapidly growing urban population presents significant growth potential.

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Key Player Analysis:

Archer Daniels Midland Company
Cargill, Incorporated
Foodchem International Corporation
Ingredion Incorporated
International Flavors & Fragrances Inc.
Company 6
Company 7
Company 8
Company 9
Company 10
Company 11
Company 12
Company 13
Company 14

Competitive Analysis:

The Asia Pacific pea protein market is highly competitive, with several key players focusing on product innovation, strategic partnerships, and geographic expansion to capture market share. Leading companies such as Roquette Frères, Cargill Inc., Dupont, and Ingredion Incorporated are at the forefront, investing heavily in research and development to improve pea protein’s functionality and taste. These companies are leveraging advancements in processing technologies to enhance product quality, making pea protein more versatile for various applications, including food, beverages, and nutritional supplements. Additionally, regional players such as The Green Protein Company and Naturz Organics are capitalizing on the growing demand for plant-based proteins by offering clean-label and sustainable products. Partnerships with local manufacturers and distribution networks allow these companies to expand their reach across diverse Asia Pacific markets. As the market continues to grow, companies will need to focus on sustainability, cost reduction, and consumer education to stay competitive in this dynamic industry.

Recent Developments:

In February 2024, Roquette Frères expanded its NUTRALYS® plant protein portfolio by launching four new pea protein ingredients: NUTRALYS® Pea F853M (isolate), NUTRALYS® H85 (hydrolysate), NUTRALYS® T Pea 700FL (textured) and NUTRALYS® T Pea 700M (textured). These new products are designed to improve taste, texture and creativity in plant-based food and high-protein nutritional products.
In January 2023, Roquette Frères announced an investment in DAIZ Inc., a Japanese food tech startup that has developed breakthrough technology utilizing germination of plant seeds combined with an extrusion process to enhance texture, flavor and nutritional profile for plant-based foods. This partnership aims to meet rising global demand for innovative and sustainable plant-based ingredients.
In November 2024, Axiom Foods introduced Vegotein N, a new pea protein ingredient produced in North America. The company plans to process over 2,000 metric tons annually by January 2025, with capacity expected to double within 12 months. This development aims to break China’s dominance in the pea protein market and offer a cost-effective solution for plant-based and allergy-free foods.
In November 2024, Ingredion Incorporated and Lantmännen announced a new long-term collaboration to accelerate the development of plant-based proteins. As part of this partnership, Lantmännen will invest more than 100 million euros in a state-of-the-art factory in Sweden, while collaborating with Ingredion to develop a differentiated portfolio of plant-based protein isolates based on yellow peas.
In December 2022, Royal DSM introduced Vertis, an innovative textured pea canola protein containing all nine essential amino acids needed for a complete protein. This groundbreaking plant protein offers distinct textural benefits while being soy-free, gluten-free, and dairy-free.

Market Concentration & Characteristics:

The Asia Pacific pea protein market is characterized by a low level of market concentration, with numerous players actively participating in the sector. This fragmented landscape fosters innovation and competitiveness, as companies strive to differentiate themselves through product development, quality enhancements, and strategic partnerships. Major international corporations, such as Roquette Frères, Cargill, and Ingredion, compete alongside regional entities, contributing to a dynamic and evolving market environment. This diversity ensures a wide range of pea protein products and applications, catering to the varying preferences and needs of consumers across the Asia Pacific region. Additionally, the increasing demand for clean-label, sustainable, and functional ingredients is encouraging both global and local companies to focus on transparency and sustainability in their sourcing and production processes. This trend is likely to further intensify competition, pushing companies to invest in research and development and refine their market strategies to maintain a competitive edge.

Report Coverage:

The research report offers an in-depth analysis based on By Product Segment, By Application Segment, By Form Segment and By Source Segment. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The Asia Pacific pea protein market is expected to experience significant growth as plant-based diets continue to gain popularity across the region.
The market will be driven by an increasing preference for sustainable and nutritious protein sources, supported by the growing adoption of plant-based alternatives.
China will remain a dominant force in the market, due to urbanization trends and rising health awareness among its population.
India is poised for strong market growth, fueled by a growing fitness culture and increased consumer interest in health-conscious eating.
The food and beverage industry will be the primary driver of pea protein demand, as consumer interest in plant-based nutrition continues to rise.
The demand for textured pea protein will rise, particularly in meat alternatives and ready-to-eat products, as consumers seek plant-based protein options with improved texture.
The use of pea protein concentrates in animal feed is set to grow, as the ingredient offers a cost-effective, nutritious alternative to traditional feed sources.
The personal care and cosmetics segment is expected to expand as demand for plant-based ingredients increases within the industry.
Dry pea protein will continue to dominate the market, with wet pea protein formats expected to grow due to new technological advancements.
Continued innovations in processing techniques will enhance the versatility of pea protein, allowing it to be used in a broader range of food products.

CHAPTER NO. 1 : INTRODUCTION 19

1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.2. Key Benefits for Stakeholders 19

1.3. Target Audience 20

1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Asia Pacific Pea Proteins Market Snapshot 21

2.2. Asia Pacific Pea Proteins Market, 2018 – 2032 (Metric Tons) (USD Million) 23

2.3. Insights from Primary Respondents 24

CHAPTER NO. 3 : ASIA PACIFIC PEA PROTEINS MARKET – INDUSTRY ANALYSIS 25

3.1. Introduction 25

3.2. Market Drivers 26

3.3. Rising Cases of Obesity as Well as Increasing Public Awareness 26

3.4. Rise in Social Media Marketing 27

3.5. Market Restraints 28

3.6. Availability of Low-Cost Substitutes 28

3.7. Market Opportunities 29

3.8. Market Opportunity Analysis 29

3.9. Porter’s Five Forces Analysis 30

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 31

4.1. Company Market Share Analysis – 2023 31

4.1.1. Asia Pacific Pea Proteins Market: Company Market Share, by Volume, 2023 31

4.1.2. Asia Pacific Pea Proteins Market: Company Market Share, by Revenue, 2023 32

4.1.3. Asia Pacific Pea Proteins Market: Top 6 Company Market Share, by Revenue, 2023 32

4.1.4. Asia Pacific Pea Proteins Market: Top 3 Company Market Share, by Revenue, 2023 33

4.2. Asia Pacific Pea Proteins Market Company Volume Market Share, 2023 34

4.3. Asia Pacific Pea Proteins Market Company Revenue Market Share, 2023 35

4.4. Company Assessment Metrics, 2023 36

4.4.1. Stars 36

4.4.2. Emerging Leaders 36

4.4.3. Pervasive Players 36

4.4.4. Participants 36

4.5. Start-ups /SMEs Assessment Metrics, 2023 36

4.5.1. Progressive Companies 36

4.5.2. Responsive Companies 36

4.5.3. Dynamic Companies 36

4.5.4. Starting Blocks 36

4.6. Strategic Developments 37

4.6.1. Acquisitions & Mergers 37

New Product Launch 37

Regional Expansion 37

4.7. Key Players Product Matrix 38

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 39

5.1. PESTEL 39

5.1.1. Political Factors 39

5.1.2. Economic Factors 39

5.1.3. Social Factors 39

5.1.4. Technological Factors 39

5.1.5. Environmental Factors 39

5.1.6. Legal Factors 39

5.2. Adjacent Market Analysis 39

CHAPTER NO. 6 : ASIA PACIFIC PEA PROTEINS MARKET – BY PRODUCT SEGMENT ANALYSIS 40

6.1. Asia Pacific Pea Proteins Market Overview, by Product Segment 40

6.1.1. Asia Pacific Pea Proteins Market Volume Share, By Product, 2023 & 2032 41

6.1.2. Asia Pacific Pea Proteins Market Revenue Share, By Product, 2023 & 2032 41

6.1.3. Asia Pacific Pea Proteins Market Attractiveness Analysis, By Product 42

6.1.4. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 42

6.1.5. Asia Pacific Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 43

6.2. Isolates 44

6.3. Concentrates 45

6.4. Textured 46

6.5. Hydrolysates 47

CHAPTER NO. 7 : ASIA PACIFIC PEA PROTEINS MARKET – BY APPLICATION SEGMENT ANALYSIS 48

7.1. Asia Pacific Pea Proteins Market Overview, by Application Segment 48

7.1.1. Asia Pacific Pea Proteins Market Volume Share, By Application, 2023 & 2032 49

7.1.2. Asia Pacific Pea Proteins Market Revenue Share, By Application, 2023 & 2032 49

7.1.3. Asia Pacific Pea Proteins Market Attractiveness Analysis, By Application 50

7.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 50

7.1.5. Asia Pacific Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

7.2. Food & Beverages 52

7.2.1. Meat substitutes 53

7.2.2. Bakery goods 54

7.2.3. Dietary supplements 55

7.2.4. Beverages 56

7.2.5. Others 57

7.3. Personal Care & Cosmetics 58

7.4. Animal Feed 59

7.5. Others 60

CHAPTER NO. 8 : ASIA PACIFIC PEA PROTEINS MARKET – BY FORM SEGMENT ANALYSIS 61

8.1. Asia Pacific Pea Proteins Market Overview, by Form Segment 61

8.1.1. Asia Pacific Pea Proteins Market Volume Share, By Form, 2023 & 2032 62

8.1.2. Asia Pacific Pea Proteins Market Revenue Share, By Form, 2023 & 2032 62

8.1.3. Asia Pacific Pea Proteins Market Attractiveness Analysis, By Form 63

8.1.4. Incremental Revenue Growth Opportunity, by Form, 2024 – 2032 63

8.1.5. Asia Pacific Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 64

8.2. Dry 65

8.3. Wet 66

CHAPTER NO. 9 : ASIA PACIFIC PEA PROTEINS MARKET – BY SOURCE SEGMENT ANALYSIS 67

9.1. Asia Pacific Pea Proteins Market Overview, by Source Segment 67

9.1.1. Asia Pacific Pea Proteins Market Volume Share, By Source, 2023 & 2032 68

9.1.2. Asia Pacific Pea Proteins Market Revenue Share, By Source, 2023 & 2032 68

9.1.3. Asia Pacific Pea Proteins Market Attractiveness Analysis, By Source 69

9.1.4. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 69

9.1.5. Asia Pacific Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 70

9.2. Yellow Split Peas 71

9.3. Others 72

CHAPTER NO. 10 : PEA PROTEINS MARKET – ASIA PACIFIC 73

10.1. Asia Pacific 73

10.1.1. Key Highlights 73

10.1.2. Asia Pacific Pea Proteins Market Volume, By Country, 2018 – 2032 (Metric Tons) 74

10.1.3. Asia Pacific Pea Proteins Market Revenue, By Country, 2018 – 2023 (USD Million) 75

10.1.4. Asia Pacific Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 76

10.1.5. Asia Pacific Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 77

10.1.6. Asia Pacific Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 78

10.1.7. Asia Pacific Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 79

10.1.8. Asia Pacific Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 80

10.1.9. Asia Pacific Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 81

10.1.10. Asia Pacific Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 82

10.1.11. Asia Pacific Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 83

10.2. China 84

10.3. Japan 84

10.4. South Korea 84

10.5. India 84

10.6. Australia 84

10.7. Thailand 84

10.8. Indonesia 84

10.9. Vietnam 84

10.10. Malaysia 84

10.11. Philippines 84

10.12. Taiwan 84

10.13. Rest of Asia Pacific 84

CHAPTER NO. 11 : COMPANY PROFILES 85

11.1. Archer Daniels Midland Company 85

11.1.1. Company Overview 85

11.1.2. Product Portfolio 85

11.1.3. Swot Analysis 85

11.1.4. Business Strategy 85

11.1.5. Financial Overview 86

11.2. Cargill, Incorporated 87

11.3. Foodchem International Corporation 87

11.4. Ingredion Incorporated 87

11.5. International Flavors & Fragrances Inc. 87

11.6. Company 6 87

11.7. Company 7 87

11.8. Company 8 87

11.9. Company 9 87

11.10. Company 10 87

11.11. Company 11 87

11.12. Company 12 87

11.13. Company 13 87

11.14. Company 14 87

List of Figures

FIG NO. 1. Asia Pacific Pea Proteins Market Volume & Revenue, 2018 – 2032 (Metric Tons) (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Pea Proteins Market 30

FIG NO. 3. Company Share Analysis, 2023 31

FIG NO. 4. Company Share Analysis, 2023 32

FIG NO. 5. Company Share Analysis, 2023 32

FIG NO. 6. Company Share Analysis, 2023 33

FIG NO. 7. Asia Pacific Pea Proteins Market – Company Volume Market Share, 2023 34

FIG NO. 8. Asia Pacific Pea Proteins Market – Company Revenue Market Share, 2023 35

FIG NO. 9. Asia Pacific Pea Proteins Market Volume Share, By Product, 2023 & 2032 41

FIG NO. 10. Asia Pacific Pea Proteins Market Revenue Share, By Product, 2023 & 2032 41

FIG NO. 11. Market Attractiveness Analysis, By Product 42

FIG NO. 12. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 42

FIG NO. 13. Asia Pacific Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 43

FIG NO. 14. Asia Pacific Pea Proteins Market for Isolates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 44

FIG NO. 15. Asia Pacific Pea Proteins Market for Concentrates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 45

FIG NO. 16. Asia Pacific Pea Proteins Market for Textured, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 46

FIG NO. 17. Asia Pacific Pea Proteins Market for Hydrolysates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 47

FIG NO. 18. Asia Pacific Pea Proteins Market Volume Share, By Application, 2023 & 2032 49

FIG NO. 19. Asia Pacific Pea Proteins Market Revenue Share, By Application, 2023 & 2032 49

FIG NO. 20. Market Attractiveness Analysis, By Application 50

FIG NO. 21. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 50

FIG NO. 22. Asia Pacific Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

FIG NO. 23. Asia Pacific Pea Proteins Market for Food & Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 52

FIG NO. 24. Asia Pacific Pea Proteins Market for Meat substitutes, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 53

FIG NO. 25. Asia Pacific Pea Proteins Market for Bakery goods, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 54

FIG NO. 26. Asia Pacific Pea Proteins Market for Dietary supplements, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 55

FIG NO. 27. Asia Pacific Pea Proteins Market for Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 56

FIG NO. 28. Asia Pacific Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 57

FIG NO. 29. Asia Pacific Pea Proteins Market for Personal Care & Cosmetics, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 58

FIG NO. 30. Asia Pacific Pea Proteins Market for Animal Feed, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 59

FIG NO. 31. Asia Pacific Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 60

FIG NO. 32. Asia Pacific Pea Proteins Market Volume Share, By Form, 2023 & 2032 62

FIG NO. 33. Asia Pacific Pea Proteins Market Revenue Share, By Form, 2023 & 2032 62

FIG NO. 34. Market Attractiveness Analysis, By Form 63

FIG NO. 35. Incremental Revenue Growth Opportunity by Form, 2024 – 2032 63

FIG NO. 36. Asia Pacific Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 64

FIG NO. 37. Asia Pacific Pea Proteins Market for Dry, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 65

FIG NO. 38. Asia Pacific Pea Proteins Market for Wet, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 66

FIG NO. 39. Asia Pacific Pea Proteins Market Volume Share, By Source, 2023 & 2032 68

FIG NO. 40. Asia Pacific Pea Proteins Market Revenue Share, By Source, 2023 & 2032 68

FIG NO. 41. Market Attractiveness Analysis, By Source 69

FIG NO. 42. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 69

FIG NO. 43. Asia Pacific Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 70

FIG NO. 44. Asia Pacific Pea Proteins Market for Yellow Split Peas, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 71

FIG NO. 45. Asia Pacific Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 72

FIG NO. 46. Asia Pacific Pea Proteins Market Volume & Revenue, 2018 – 2032 (Metric Tons) (USD Million) 73

List of Tables

TABLE NO. 1. : Asia Pacific Pea Proteins Market: Snapshot 21

TABLE NO. 2. : Drivers for the Asia Pacific Pea Proteins Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Asia Pacific Pea Proteins Market: Impact Analysis 28

TABLE NO. 4. : Asia Pacific Pea Proteins Market Volume, By Country, 2018 – 2023 (Metric Tons) 74

TABLE NO. 5. : Asia Pacific Pea Proteins Market Volume, By Country, 2024 – 2032 (Metric Tons) 74

TABLE NO. 6. : Asia Pacific Pea Proteins Market Revenue, By Country, 2018 – 2023 (USD Million) 75

TABLE NO. 7. : Asia Pacific Pea Proteins Market Revenue, By Country, 2024 – 2032 (USD Million) 75

TABLE NO. 8. : Asia Pacific Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 76

TABLE NO. 9. : Asia Pacific Pea Proteins Market Volume, By Product, 2024 – 2032 (Metric Tons) 76

TABLE NO. 10. : Asia Pacific Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 77

TABLE NO. 11. : Asia Pacific Pea Proteins Market Revenue, By Product, 2024 – 2032 (USD Million) 77

TABLE NO. 12. : Asia Pacific Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 78

TABLE NO. 13. : Asia Pacific Pea Proteins Market Volume, By Application, 2024 – 2032 (Metric Tons) 78

TABLE NO. 14. : Asia Pacific Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 79

TABLE NO. 15. : Asia Pacific Pea Proteins Market Revenue, By Application, 2024 – 2032 (USD Million) 79

TABLE NO. 16. : Asia Pacific Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 80

TABLE NO. 17. : Asia Pacific Pea Proteins Market Volume, By Form, 2024 – 2032 (Metric Tons) 80

TABLE NO. 18. : Asia Pacific Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 81

TABLE NO. 19. : Asia Pacific Pea Proteins Market Revenue, By Form, 2024 – 2032 (USD Million) 81

TABLE NO. 20. : Asia Pacific Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 82

TABLE NO. 21. : Asia Pacific Pea Proteins Market Volume, By Source, 2024 – 2032 (Metric Tons) 82

TABLE NO. 22. : Asia Pacific Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 83

TABLE NO. 23. : Asia Pacific Pea Proteins Market Revenue, By Source, 2024 – 2032 (USD Million) 83

Frequently Asked Questions

What is the current size of the Asia Pacific Pea Proteins Market?

The Asia Pacific Pea Proteins Market is projected to grow from USD 568.13 million in 2024 to an estimated USD 1,612.78 million by 2032, with a CAGR of 13.93% from 2024 to 2032.

What factors are driving the growth of the Asia Pacific Pea Proteins Market?

Key drivers include the rising health-conscious population, growing demand for plant-based diets, lactose intolerance, and the flexibility of pea protein in various food applications like meat substitutes and dietary supplements.

What are some challenges faced by the Asia Pacific Pea Proteins Market?

Challenges include price sensitivity in emerging markets, limited consumer awareness, and competition from other plant-based protein sources like soy and rice.

Who are the major players in the Asia Pacific Pea Proteins Market?

Major players include international companies like Roquette Frères, Cargill, Ingredion Incorporated, and local players focusing on sustainability and product innovation.

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