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Australia Pea Proteins Market

Australia 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
Australia Pea Proteins Market Size 2024	USD 19.82 million
Australia Pea Proteins Market, CAGR	13.23%
Australia Pea Proteins Market Size 2032	USD 53.56 million

Market Overview:

The Australia Pea Proteins Market is projected to grow from USD 19.82 million in 2024 to an estimated USD 53.56 million by 2032, with a compound annual growth rate (CAGR) of 13.23% from 2024 to 2032.

Several factors are contributing to the expansion of the pea protein market in Australia. A growing health-conscious population is actively seeking plant-based proteins due to their perceived health benefits, including lower cholesterol levels and reduced risk of chronic diseases. This shift is being further amplified by increasing awareness around plant-based diets’ positive effects on overall health and well-being. Additionally, the rise of veganism and vegetarianism, driven by ethical and environmental considerations, has led consumers to explore alternative protein sources. As concerns over environmental sustainability grow, pea protein’s lower carbon footprint compared to animal-based protein has made it an attractive option. The food and beverage industry’s innovation in incorporating pea protein into various products, such as meat substitutes, dairy alternatives, and nutritional supplements, has further fueled market growth. This trend is expected to continue as new product applications emerge, expanding the consumer base for pea protein.

Regionally, Australia’s pea protein market is poised for substantial growth. The country’s favorable climate for pea cultivation supports local production, reducing reliance on imports and ensuring a steady supply of raw materials. This ability to domestically produce pea protein allows for greater control over production costs and quality. This local production capability aligns with the growing consumer preference for sustainably sourced and locally produced ingredients, further boosting the demand for Australian-grown pea proteins. Furthermore, Australia’s active participation in international trade agreements enhances its position in the global plant protein market, opening avenues for export and international collaboration. These trade relationships are expected to facilitate broader market access and establish Australia as a significant player in the global pea protein supply chain. The government’s support for agricultural innovation and sustainability initiatives also bolsters the sector, creating a conducive environment for the pea protein market to thrive.

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Market Insights:

The Australian pea protein market is projected to grow from USD 19.82 million in 2024 to USD 53.56 million by 2032, reflecting a CAGR of 13.23% from 2024 to 2032.
Increasing health consciousness and a shift toward plant-based diets are major drivers behind the growth, with more consumers seeking sustainable and healthful protein alternatives.
Ethical and environmental concerns, particularly the desire to reduce the carbon footprint associated with animal-based proteins, are driving demand for pea protein.
The food and beverage industry’s continuous innovation, especially in meat substitutes and dairy alternatives, is expanding the applications of pea protein and fueling its market expansion.
Australia’s favorable climate for pea cultivation supports local production, ensuring a steady supply of raw materials for pea protein extraction and reducing dependence on imports.
Despite growing demand, challenges such as limited consumer awareness and the higher cost of pea protein compared to traditional animal proteins remain barriers to market growth.
Regulatory and labeling challenges, along with scalability issues in production, could impact the market’s ability to meet rising demand and maintain consumer trust.

Report scope

This reports segments are Australia Pea Proteins Market as follow

Market Drivers:

Growing Health Consciousness and Plant-Based Diets

One of the primary drivers of the Australia pea proteins market is the growing health consciousness among consumers. As more individuals shift toward healthier eating habits, the demand for plant-based proteins has risen. Pea protein, in particular, is gaining popularity due to its beneficial nutritional profile, which includes high protein content, low fat, and a rich supply of essential amino acids. Health-conscious consumers are increasingly aware of the potential health risks associated with animal-based proteins, such as high cholesterol and the increased risk of heart disease. As such, many Australians are turning to plant-based protein alternatives like pea protein to enhance their dietary intake while maintaining a healthier lifestyle.

Ethical and Environmental Concerns

Another significant driver is the ethical and environmental concerns driving the shift toward plant-based foods. With increasing awareness about the environmental impact of animal agriculture, including its contribution to greenhouse gas emissions, land degradation, and water usage, many Australians are looking for sustainable alternatives. Pea protein, being plant-based, presents a much more sustainable option compared to animal-derived proteins. The low carbon footprint associated with pea farming makes it an attractive choice for eco-conscious consumers. As a result, the ethical and environmental motivations for consuming plant-based foods are contributing to the expansion of the pea protein market in Australia.

Innovations in the Food and Beverage Industry

The continuous innovations within the food and beverage industry have further fueled the growth of the pea protein market in Australia. Manufacturers are increasingly incorporating pea protein into a variety of products such as meat substitutes, dairy alternatives, energy bars, and nutritional supplements. For instance, pea protein’s functional properties and its fractions’ ability to form soft gels help develop and produce dairy analog drinks, fermented products, and curd. This versatility has expanded the application of pea protein beyond traditional uses, making it more accessible to a broader range of consumers. As food companies develop new and improved products, the demand for pea protein continues to grow. Moreover, the consumer desire for new and diverse plant-based alternatives to traditional animal products is pushing food manufacturers to create innovative solutions that utilize pea protein in unique and appealing ways.

Local Production and Agricultural Sustainability

Australia’s favorable climate for pea cultivation is a key factor driving the growth of the pea protein market. Local production of peas enables the country to meet the growing demand for plant-based proteins while reducing its reliance on imports. This not only enhances the sustainability of the market but also ensures a steady supply of raw materials for pea protein processing. With agricultural practices focused on sustainability, the production of peas for protein extraction aligns with global trends toward eco-friendly food production. For example, Benson Hill uses AI-powered platforms to develop high-protein yellow peas that optimize land use efficiency. The Australian government’s support for agricultural innovation and sustainability initiatives further strengthens the local supply chain, providing a competitive advantage for the market as it continues to grow.

Market Trends:

Rising Popularity of Vegan and Plant-Based Diets

One of the most prominent trends in the Australian pea protein market is the increasing adoption of vegan and plant-based diets. As more Australians embrace plant-based eating habits for health, ethical, and environmental reasons, the demand for plant-based proteins, including pea protein, has surged. Research indicates that approximately 2.5 million Australians are following a plant-based diet, and this number continues to grow as individuals become more conscious of the benefits associated with reducing animal-based products. Pea protein is especially popular in this demographic due to its high digestibility and nutritional profile, positioning it as a preferred ingredient in the plant-based food sector. This rising trend is expected to drive further innovation in the product offerings available to consumers.

Expansion in Food and Beverage Applications

The diversification of pea protein usage across various food and beverage applications is another key trend shaping the Australian market. Initially used primarily in protein supplements, pea protein is now widely incorporated into a range of consumer products, from plant-based meat alternatives to dairy-free beverages and snacks. Companies in Australia are increasingly experimenting with pea protein in non-traditional categories, including ready-to-eat meals, smoothies, and protein bars, to cater to the growing demand for convenient and healthy food options. For example, Pure Product Australia’s Pea Protein Isolate, derived from premium French Golden Peas, offers a balanced amino acid profile and added enzymes for digestion. With consumer interest in alternative protein sources at an all-time high, the expansion of pea protein in everyday food products signals its growing acceptance and the potential for future market growth.

Technological Advancements in Protein Extraction

Advancements in protein extraction technologies are helping to further the growth of the Australian pea protein market. Manufacturers are investing in state-of-the-art processing technologies to increase the yield, quality, and functionality of pea protein. For instance, innovations such as improved wet and dry processing methods have led to products with higher protein content and better solubility, making them more suitable for a wide range of applications. These technological improvements not only make pea protein more cost-effective to produce but also allow for a wider variety of products with enhanced textures and flavors. The increased availability and improved quality of pea protein are playing a significant role in its broader adoption across the Australian food industry.

Consumer Demand for Clean Labels and Transparency

Another noteworthy trend in the Australian pea protein market is the growing demand for clean-label products and greater transparency from food manufacturers. Australian consumers are increasingly scrutinizing the ingredients in the products they purchase, with a particular focus on natural, minimally processed, and easily recognizable ingredients. Pea protein fits perfectly into this trend, as it is perceived as a clean, plant-based protein source with a simple and straightforward ingredient list. This shift toward clean-label products has prompted manufacturers to prioritize transparency in their sourcing and production processes, making pea protein a desirable option for health-conscious consumers seeking clarity and sustainability in their food choices. This trend is anticipated to fuel further growth in the demand for pea protein as a key ingredient in health-focused, plant-based products.

Market Challenges Analysis:

Limited Consumer Awareness

One of the key restraints in the Australian pea protein market is the limited consumer awareness regarding the benefits and versatility of pea protein. Despite its growing popularity, many consumers are still unfamiliar with pea protein as an alternative to traditional animal-based proteins. This lack of awareness can hinder market growth as consumers may hesitate to try plant-based proteins due to perceived unfamiliarity or misconceptions about taste and texture. Educating consumers about the nutritional advantages and versatility of pea protein is essential to overcoming this barrier and driving broader adoption.

Price Competitiveness with Animal Proteins

Another significant challenge facing the Australian pea protein market is the price competitiveness with traditional animal proteins. While pea protein offers numerous health and environmental benefits, it is often more expensive than animal-based proteins like whey or soy. This price disparity can be a deterrent for price-sensitive consumers, especially in price-sensitive food categories. As the market for plant-based proteins grows, the need for cost-effective production methods and economies of scale will be essential to reducing the price gap and increasing consumer accessibility to pea protein products.

Supply Chain and Production Scalability

The scalability of pea protein production remains a challenge, particularly in the context of meeting the growing demand. While Australia has favorable growing conditions for peas, the supply chain infrastructure required for large-scale pea protein production is still developing. For instance, a consortium led by Australian Plant Proteins (APP), in partnership with Thomas Foods International (TFI) and AGT Foods Australia, proposed a $378 million investment to construct three plant protein manufacturing facilities in South Australia. The extraction process can be complex and resource-intensive, and the availability of high-quality peas in sufficient quantities may be limited. As demand for pea protein increases, the industry will need to enhance its supply chain capabilities and invest in processing technologies to meet market expectations and maintain a reliable, sustainable supply of pea protein.

Regulatory and Labeling Challenges

Regulatory and labeling standards present another challenge in the Australian pea protein market. As plant-based protein products gain traction, food labeling regulations are evolving to accommodate new ingredients like pea protein. Companies must navigate these regulations carefully to ensure compliance and maintain consumer trust. Inconsistent or unclear labeling could create confusion among consumers, potentially slowing the acceptance of pea protein in mainstream food products. Developing clear and consistent regulatory frameworks will be crucial to supporting the market’s growth and ensuring the integrity of pea protein as a sustainable and reliable ingredient.

Market Opportunities:

The Australian pea protein market presents significant opportunities driven by the increasing demand for plant-based protein alternatives. As consumer preferences shift toward healthier, more sustainable food choices, there is a growing market for products containing plant-based proteins, including pea protein. The rising trend of veganism, vegetarianism, and flexitarian diets in Australia offers an expanding consumer base that prioritizes plant-based ingredients. Additionally, the growing awareness of the environmental benefits of plant-based proteins, such as reduced carbon footprints compared to animal-based proteins, provides a unique opportunity for brands to market pea protein as a sustainable alternative. As Australians increasingly prioritize both health and sustainability, companies can capitalize on this trend by developing innovative products using pea protein in areas like meat substitutes, dairy alternatives, and nutritional supplements.

Moreover, the potential for local production of pea protein presents a valuable opportunity for the Australian market. Australia’s favorable agricultural conditions for pea cultivation, combined with advancements in protein extraction technology, enable local manufacturers to produce pea protein sustainably and cost-effectively. This local production capacity can not only meet domestic demand but also position Australia as a key exporter of pea protein in the Asia-Pacific region. By leveraging these advantages, businesses in Australia can strengthen their position in the global plant-based protein market, creating opportunities for growth, innovation, and export. As the market for plant-based proteins continues to expand globally, Australia’s strategic position in the pea protein supply chain offers significant growth potential for local producers.

Market Segmentation Analysis:

The Australian pea protein market is segmented into several categories, each contributing to its diverse growth.

By Product Segment:
The pea protein market is primarily divided into isolates, concentrates, textured, and hydrolysates. Isolates hold the largest market share due to their high protein content and versatility in various applications such as food and beverages. Concentrates are also widely used, particularly in the formulation of protein bars and supplements. Textured pea proteins have gained popularity in meat substitutes, providing consumers with plant-based alternatives to traditional animal products. Hydrolysates, which are used for their digestibility and functional properties, are increasingly being incorporated into sports nutrition products.

By Application Segment:
Pea protein is utilized in various sectors, with food and beverages being the largest application area. Within this segment, meat substitutes and beverages are the primary consumers, driven by the growing trend of plant-based diets. Bakery goods and dietary supplements also represent significant applications, as health-conscious consumers seek plant-based protein in everyday products. Other applications include personal care & cosmetics and animal feed, where pea protein is valued for its functional properties and nutritional benefits.

By Form Segment:
The market is divided into dry and wet forms. Dry pea protein is the most commonly used form in various products, offering convenience in handling and processing. Wet pea protein is generally used in specific applications where moisture retention and texture are key.

By Source Segment:
Yellow split peas are the primary source of pea protein, accounting for the largest market share due to their high yield and protein concentration, while others include a variety of peas used in niche applications.

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 Australian pea protein market is strategically positioned to leverage its agricultural advantages, ensuring robust growth within the domestic market and across the Asia-Pacific region. The regional market for pea protein is experiencing a shift as consumers increasingly seek plant-based alternatives in response to health and environmental concerns. Australia’s favorable climate for pea cultivation, coupled with its strong agricultural industry, positions the country as a key player in the global plant-based protein sector, especially within the Asia-Pacific region. While the Australian market remains the primary consumer of locally produced pea protein, there is a growing demand for exports, contributing to the market’s positive growth outlook.

In the domestic market, Eastern Australia holds the largest market share for pea protein production and consumption. Regions such as New South Wales, Victoria, and South Australia dominate due to their established agricultural infrastructure, favorable growing conditions, and the presence of pea protein processing facilities. These regions account for the majority of the production and supply of pea protein, which is then distributed across Australia and exported to global markets. This concentration in the eastern states is driven by both the availability of fertile land for pea cultivation and the proximity to key distribution networks. As a result, Eastern Australia is projected to hold approximately 55-60% of the overall market share in the coming years.

Western Australia also contributes to the pea protein market but to a lesser extent. The region has favorable agricultural conditions, though its market share is smaller, estimated at 20-25%. Western Australia’s role in the pea protein market is expected to grow as agricultural practices expand and more processing facilities are developed. The region’s potential for increased production could help meet the growing demand for plant-based protein both domestically and internationally.

In addition to domestic consumption, Australia’s active participation in international trade agreements has enhanced its position within the broader Asia-Pacific market, which is expected to account for 15-20% of the regional pea protein market share. With growing plant-based protein demand in countries like China, Japan, and India, Australia is poised to benefit from its agricultural strengths, exporting high-quality pea protein to meet the rising needs of these regions. Australia’s reputation for clean, sustainable farming practices further strengthens its appeal in international markets, making it an attractive supplier in the global plant-based protein supply chain.

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Key Player Analysis:

Nutri-Pea Limited
Axiom Foods Inc.
AGT Food and Ingredients
Terragrain
Green Valley Proteins
SunRice Foods
Burcon Nutrascience
Emsland Group

Competitive Analysis:

The Australian pea protein market is competitive, with both local and international players vying for market share. Key domestic producers, such as Australian Plant Proteins and Vegeco, dominate the market by leveraging Australia’s favorable agricultural conditions for pea cultivation. These companies focus on sustainable sourcing, clean-label products, and innovation to meet the growing demand for plant-based proteins in various sectors, including food and beverage, sports nutrition, and dietary supplements. International players such as DuPont Nutrition & Biosciences, Cargill, and Roquette have also established a presence in the Australian market, bringing advanced extraction technologies and global supply chain capabilities. These companies have capitalized on the expanding demand for pea protein, offering a wide range of products tailored to different consumer segments. To maintain a competitive edge, market players focus on product innovation, strategic partnerships, and expanding their manufacturing capacities to meet both domestic and international demand, positioning themselves for long-term growth in the sector.

Recent Developments:

In November 2024, Burcon NutraScience formed an alliance with a strategic investor group to acquire and operate a commercial protein production facility. The investor group, led by a Burcon board member, will fund the acquisition while Burcon will operate the facility. This move will enable Burcon to launch its entire portfolio of plant-based protein ingredients.
In early 2023, three Australian brands—Tropeaka, myBrainCo, and P3—introduced products utilizing Ingredient Optimized’s ioPea™ technology, which enhances the absorption of plant-based proteins to levels comparable to whey protein.

Market Concentration & Characteristics:

The Australian pea protein market exhibits moderate concentration, with a mix of established local and international players competing for market share. Domestic producers such as Australian Plant Proteins and Vegeco hold a significant portion of the market, benefiting from Australia’s agricultural advantages and a growing consumer preference for locally sourced, sustainable ingredients. However, multinational companies like DuPont Nutrition & Biosciences, Cargill, and Roquette also have a strong foothold, leveraging their global supply chains, advanced technologies, and financial resources to drive innovation and expand their product offerings. The market is characterized by increasing competition driven by demand for plant-based proteins in the food, beverage, and nutritional supplement industries. Companies are focusing on innovation, such as enhancing the nutritional profile and functional properties of pea protein, to meet the evolving consumer preferences for health-conscious and environmentally sustainable products. Market players continue to invest in research and development to differentiate themselves in this growing sector.

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 Australian pea protein market is expected to grow at a robust CAGR, driven by increasing demand for plant-based proteins.
Consumer preference for sustainable, locally sourced ingredients will continue to boost demand for Australian-produced pea protein.
Technological advancements in protein extraction processes will improve the efficiency and quality of pea protein production.
Increased investment in R&D will lead to more diverse product offerings in the food, beverage, and supplement sectors.
Export opportunities in the Asia-Pacific region are set to expand as global demand for plant-based proteins rises.
The rise of vegan and flexitarian diets will continue to influence the consumption of pea protein in Australia.
Growing health consciousness and dietary shifts toward plant-based eating will further drive market growth.
Strategic partnerships and collaborations between local and international players will enhance market penetration.
The development of pea protein-based innovations in meat substitutes, dairy alternatives, and ready-to-eat meals will fuel market expansion.
Regulatory clarity and sustainability certifications will strengthen consumer trust and support market stability.

CHAPTER NO. 1 : INTRODUCTION 18

1.1. Report Description 18

Purpose of the Report 18

USP & Key Offerings 18

1.2. Key Benefits for Stakeholders 18

1.3. Target Audience 19

1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. Australia Pea Proteins Market Snapshot 20

2.2. Australia Pea Proteins Market, 2018 – 2032 (Metric Tons) (USD Million) 22

2.3. Insights from Primary Respondents 23

CHAPTER NO. 3 : AUSTRALIA PEA PROTEINS MARKET – INDUSTRY ANALYSIS 24

3.1. Introduction 24

3.2. Market Drivers 25

3.1. Increasing Application of Pea Protein in Food and Beverages 25

3.2. Shift Towards Plant-Based Diet 26

3.3. Market Restraints 27

3.3.1. Presence of Alternative Protein Sources 27

3.4. Market Opportunities 28

3.5. Market Opportunity Analysis 28

3.6. Porter’s Five Forces Analysis 29

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 30

4.1. Company Market Share Analysis – 2023 30

4.1.1. Australia Pea Proteins Market: Company Market Share, by Volume, 2023 30

4.1.2. Australia Pea Proteins Market: Company Market Share, by Revenue, 2023 31

4.1.3. Australia Pea Proteins Market: Top 6 Company Market Share, by Revenue, 2023 31

4.1.4. Australia Pea Proteins Market: Top 3 Company Market Share, by Revenue, 2023 32

4.2. Australia Pea Proteins Market Company Volume Market Share, 2023 33

4.3. Australia Pea Proteins Market Company Revenue Market Share, 2023 34

4.4. Company Assessment Metrics, 2023 35

4.4.1. Stars 35

4.4.2. Emerging Leaders 35

4.4.3. Pervasive Players 35

4.4.4. Participants 35

4.5. Start-ups /SMEs Assessment Metrics, 2023 35

4.5.1. Progressive Companies 35

4.5.2. Responsive Companies 35

4.5.3. Dynamic Companies 35

4.5.4. Starting Blocks 35

4.6. Strategic Developments 36

4.6.1. Acquisitions & Mergers 36

New Product Launch 36

Regional Expansion 36

4.7. Key Players Product Matrix 37

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 38

5.1. PESTEL 38

5.1.1. Political Factors 38

5.1.2. Economic Factors 38

5.1.3. Social Factors 38

5.1.4. Technological Factors 38

5.1.5. Environmental Factors 38

5.1.6. Legal Factors 38

5.2. Adjacent Market Analysis 38

CHAPTER NO. 6 : AUSTRALIA PEA PROTEINS MARKET – BY PRODUCT SEGMENT ANALYSIS 39

6.1. Australia Pea Proteins Market Overview, by Product Segment 39

6.1.1. Australia Pea Proteins Market Volume Share, By Product, 2023 & 2032 40

6.1.2. Australia Pea Proteins Market Revenue Share, By Product, 2023 & 2032 40

6.1.3. Australia Pea Proteins Market Attractiveness Analysis, By Product 41

6.1.4. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 41

6.1.5. Australia Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 42

6.2. Isolates 43

6.3. Concentrates 44

6.4. Textured 45

6.5. Hydrolysates 46

CHAPTER NO. 7 : AUSTRALIA PEA PROTEINS MARKET – BY APPLICATION SEGMENT ANALYSIS 47

7.1. Australia Pea Proteins Market Overview, by Application Segment 47

7.1.1. Australia Pea Proteins Market Volume Share, By Application, 2023 & 2032 48

7.1.2. Australia Pea Proteins Market Revenue Share, By Application, 2023 & 2032 48

7.1.3. Australia Pea Proteins Market Attractiveness Analysis, By Application 49

7.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 49

7.1.5. Australia Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 50

7.2. Food & Beverages 51

7.2.1. Meat substitutes 52

7.2.2. Bakery goods 53

7.2.3. Dietary supplements 54

7.2.4. Beverages 55

7.2.5. Others 56

7.3. Personal Care & Cosmetics 57

7.4. Animal Feed 58

7.5. Others 59

CHAPTER NO. 8 : AUSTRALIA PEA PROTEINS MARKET – BY FORM SEGMENT ANALYSIS 60

8.1. Australia Pea Proteins Market Overview, by Form Segment 60

8.1.1. Australia Pea Proteins Market Volume Share, By Form, 2023 & 2032 61

8.1.2. Australia Pea Proteins Market Revenue Share, By Form, 2023 & 2032 61

8.1.3. Australia Pea Proteins Market Attractiveness Analysis, By Form 62

8.1.4. Incremental Revenue Growth Opportunity, by Form, 2024 – 2032 62

8.1.5. Australia Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 63

8.2. Dry 64

8.3. Wet 65

CHAPTER NO. 9 : AUSTRALIA PEA PROTEINS MARKET – BY SOURCE SEGMENT ANALYSIS 66

9.1. Australia Pea Proteins Market Overview, by Source Segment 66

9.1.1. Australia Pea Proteins Market Volume Share, By Source, 2023 & 2032 67

9.1.2. Australia Pea Proteins Market Revenue Share, By Source, 2023 & 2032 67

9.1.3. Australia Pea Proteins Market Attractiveness Analysis, By Source 68

9.1.4. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 68

9.1.5. Australia Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 69

9.2. Yellow Split Peas 70

9.3. Others 71

CHAPTER NO. 10 : AUSTRALIA PEA PROTEINS MARKET – ANALYSIS 72

10.1.1. Australia Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 72

10.1.2. Australia Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 73

10.1.3. Australia Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 74

10.1.4. Australia Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 75

10.1.5. Australia Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 76

10.1.6. Australia Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 77

10.1.7. Australia Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 78

10.1.8. Australia Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 79

CHAPTER NO. 11 : COMPANY PROFILES 80

11.1. Nutri-Pea Limited 80

11.1.1. Company Overview 80

11.1.2. Product Portfolio 80

11.1.3. Swot Analysis 80

11.1.4. Business Strategy 80

11.1.5. Financial Overview 81

11.2. Axiom Foods Inc. 82

11.3. AGT Food and Ingredients 82

11.4. Terragrain 82

11.5. Green Valley Proteins 82

11.6. SunRice Foods 82

11.7. Burcon Nutrascience 82

11.8. Emsland Group 82

11.9. Company 6 82

11.10. Company 7 82

11.11. Company 8 82

11.12. Company 9 82

11.13. Company 10 82

11.14. Company 11 82

11.15. Company 12 82

11.16. Company 13 82

11.17. Company 14 82

List of Figures

FIG NO. 1. Australia Pea Proteins Market Volume & Revenue, 2018 – 2032 (Metric Tons) (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Australia Pea Proteins Market 29

FIG NO. 3. Company Share Analysis, 2023 30

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 31

FIG NO. 6. Company Share Analysis, 2023 32

FIG NO. 7. Australia Pea Proteins Market – Company Volume Market Share, 2023 33

FIG NO. 8. Australia Pea Proteins Market – Company Revenue Market Share, 2023 34

FIG NO. 9. Australia Pea Proteins Market Volume Share, By Product, 2023 & 2032 40

FIG NO. 10. Australia Pea Proteins Market Revenue Share, By Product, 2023 & 2032 40

FIG NO. 11. Market Attractiveness Analysis, By Product 41

FIG NO. 12. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 41

FIG NO. 13. Australia Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 42

FIG NO. 14. Australia Pea Proteins Market for Isolates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 43

FIG NO. 15. Australia Pea Proteins Market for Concentrates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 44

FIG NO. 16. Australia Pea Proteins Market for Textured, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 45

FIG NO. 17. Australia Pea Proteins Market for Hydrolysates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 46

FIG NO. 18. Australia Pea Proteins Market Volume Share, By Application, 2023 & 2032 48

FIG NO. 19. Australia Pea Proteins Market Revenue Share, By Application, 2023 & 2032 48

FIG NO. 20. Market Attractiveness Analysis, By Application 49

FIG NO. 21. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 49

FIG NO. 22. Australia Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 50

FIG NO. 23. Australia Pea Proteins Market for Food & Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 51

FIG NO. 24. Australia Pea Proteins Market for Meat substitutes, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 52

FIG NO. 25. Australia Pea Proteins Market for Bakery goods, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 53

FIG NO. 26. Australia Pea Proteins Market for Dietary supplements, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 54

FIG NO. 27. Australia Pea Proteins Market for Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 55

FIG NO. 28. Australia Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 56

FIG NO. 29. Australia Pea Proteins Market for Personal Care & Cosmetics, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 57

FIG NO. 30. Australia Pea Proteins Market for Animal Feed, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 58

FIG NO. 31. Australia Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 59

FIG NO. 32. Australia Pea Proteins Market Volume Share, By Form, 2023 & 2032 61

FIG NO. 33. Australia Pea Proteins Market Revenue Share, By Form, 2023 & 2032 61

FIG NO. 34. Market Attractiveness Analysis, By Form 62

FIG NO. 35. Incremental Revenue Growth Opportunity by Form, 2024 – 2032 62

FIG NO. 36. Australia Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 63

FIG NO. 37. Australia Pea Proteins Market for Dry, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 64

FIG NO. 38. Australia Pea Proteins Market for Wet, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 65

FIG NO. 39. Australia Pea Proteins Market Volume Share, By Source, 2023 & 2032 67

FIG NO. 40. Australia Pea Proteins Market Revenue Share, By Source, 2023 & 2032 67

FIG NO. 41. Market Attractiveness Analysis, By Source 68

FIG NO. 42. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 68

FIG NO. 43. Australia Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 69

FIG NO. 44. Australia Pea Proteins Market for Yellow Split Peas, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 70

FIG NO. 45. Australia Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 71

List of Tables

TABLE NO. 1. : Australia Pea Proteins Market: Snapshot 20

TABLE NO. 2. : Drivers for the Australia Pea Proteins Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Australia Pea Proteins Market: Impact Analysis 27

TABLE NO. 4. : Australia Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 72

TABLE NO. 5. : Australia Pea Proteins Market Volume, By Product, 2024 – 2032 (Metric Tons) 72

TABLE NO. 6. : Australia Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 73

TABLE NO. 7. : Australia Pea Proteins Market Revenue, By Product, 2024 – 2032 (USD Million) 73

TABLE NO. 8. : Australia Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 74

TABLE NO. 9. : Australia Pea Proteins Market Volume, By Application, 2024 – 2032 (Metric Tons) 74

TABLE NO. 10. : Australia Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 75

TABLE NO. 11. : Australia Pea Proteins Market Revenue, By Application, 2024 – 2032 (USD Million) 75

TABLE NO. 12. : Australia Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 76

TABLE NO. 13. : Australia Pea Proteins Market Volume, By Form, 2024 – 2032 (Metric Tons) 76

TABLE NO. 14. : Australia Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 77

TABLE NO. 15. : Australia Pea Proteins Market Revenue, By Form, 2024 – 2032 (USD Million) 77

TABLE NO. 16. : Australia Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 78

TABLE NO. 17. : Australia Pea Proteins Market Volume, By Source, 2024 – 2032 (Metric Tons) 78

TABLE NO. 18. : Australia Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 79

TABLE NO. 19. : Australia Pea Proteins Market Revenue, By Source, 2024 – 2032 (USD Million) 79

Frequently Asked Questions

What is the current size of the Australia Pea Proteins Market?

The Australian pea protein market is projected to grow from USD 19.82 million in 2024 to USD 53.56 million by 2032, with a CAGR of 13.23% from 2024 to 2032.

What factors are driving the growth of the Australia Pea Proteins Market?

Key drivers include a health-conscious population seeking plant-based proteins, growing awareness of plant-based diets’ health benefits, the rise of veganism and vegetarianism, and increasing demand for environmentally sustainable protein alternatives like pea protein.

What are some challenges faced by the Australia Pea Proteins Market?

Challenges include limited consumer awareness, price competitiveness with animal proteins, supply chain scalability, and navigating evolving regulatory standards in labeling and sustainability.

Who are the major players in the Australia Pea Proteins Market?

Major players in the market include domestic producers like Australian Plant Proteins and Vegeco, as well as international companies such as DuPont Nutrition & Biosciences, Cargill, and Roquette.

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