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South Korea Pea Proteins Market

South Korea Pea Proteins Market By Type (Isolate, Concentrate, Textured); By Application (Food & Beverages, Nutraceuticals, Animal Feed, Personal Care & Cosmetics, Others); By Form (Dry, Liquid); By Distribution Channel (Online, Offline) – 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
South Korea Pea Proteins Market Size 2024	USD 94.94 million
South Korea Pea Proteins Market, CGR	12.85%
South Korea Pea Proteins Market Size 2032	USD 249.70 million

Market Overview:

The South Korea Pea Proteins Market is projected to grow from USD 94.94 million in 2024 to an estimated USD 249.70 million by 2032, with a compound annual growth rate (CAGR) of 12.85% from 2024 to 2032.

Several key factors are driving the expansion of the pea protein market in South Korea. A significant contributor is the increasing consumer awareness of health and wellness, leading to a preference for plant-based, allergen-free, and clean-label products. Pea protein, known for its high nutritional profile and suitability for lactose-intolerant and gluten-sensitive individuals, aligns well with these health-conscious choices. Additionally, the burgeoning dietary supplement industry presents a strong demand for pea protein as a natural ingredient. The rise in popularity of vegan and flexitarian diets further propels the demand for plant-based proteins, positioning pea protein as a favorable alternative to traditional animal-based proteins.

Geographically, the South Korean pea protein market exhibits diverse growth patterns influenced by regional preferences and local initiatives. Provinces such as North Jeolla and Jeju are emerging as hubs for pea protein production, driven by local sourcing initiatives and a focus on sustainability. For instance, the food and beverage industry in North Jeolla is incorporating locally sourced pea protein into their products, appealing to consumers who prefer foods made with local ingredients. This regional focus not only supports local economies but also caters to the growing consumer demand for environmentally friendly and ethically produced food options. Nationally, the market is characterized by a competitive landscape with both domestic and international players, including companies like CJ CheilJedang, LG Chem, and KGC Ginseng Corporation, which are actively participating in the industry. These companies are focusing on product innovation and market expansion to capitalize on the increasing consumer demand for plant-based protein products

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Market Insights:

The South Korea Pea Proteins Market is projected to grow significantly from USD 94.94 million in 2024 to USD 249.70 million by 2032, driven by increasing demand for plant-based, allergen-free products.

The Global pea proteins market is projected to grow from USD 2,229.15 million in 2024 to USD 5,618.92 million by 2032, at a CAGR of 12.25%.

Rising health consciousness among South Korean consumers is fueling the demand for pea protein, particularly for its nutritional benefits, such as being low in fat and suitable for lactose-intolerant and gluten-sensitive individuals.
The surge in plant-based and flexitarian diets is a key factor, with consumers increasingly opting for plant proteins like pea protein as alternatives to animal-based proteins.
The growth in food and beverage applications, including plant-based meat alternatives, dairy substitutes, and protein-enriched snacks, is contributing to the expansion of the pea protein market.
Government support for sustainable agriculture and plant-based products is fostering a favorable environment for the pea protein market’s growth.
Supply chain disruptions and price fluctuations in raw materials like peas pose challenges to the market, impacting production stability and pricing strategies.
Regional demand patterns show that the Seoul Metropolitan Area leads the market, with increasing adoption in Gyeonggi Province, while Busan and Gwangju are emerging as strong growth regions for pea protein consumption.

Report Scope

This report segments the South Korea Pea Proteins Market as follow

Market Drivers:

Increasing Health Consciousness

The growing awareness of health and wellness among South Korean consumers is one of the primary drivers of the pea protein market. As consumers increasingly shift towards healthier dietary habits, plant-based proteins have become more desirable due to their nutritional benefits, such as being low in fat and rich in essential amino acids. Pea protein is particularly attractive because it is hypoallergenic, gluten-free, and suitable for individuals with lactose intolerance or other dietary restrictions. This health-conscious mindset is fostering a greater demand for plant-based protein alternatives, contributing to the expansion of the pea protein market in South Korea.

Rising Popularity of Plant-Based and Flexitarian Diets

Another significant driver is the surge in plant-based and flexitarian diets. South Korea is witnessing a growing number of consumers adopting vegan, vegetarian, and flexitarian lifestyles, which has spurred the demand for plant-based protein sources. As individuals seek sustainable alternatives to animal-based proteins, pea protein emerges as a leading option due to its environmental benefits and high nutritional profile. For instance, companies like Plento are responding to this trend by launching innovative products such as baked crisps containing pea protein and cricket flour, targeting consumers looking for nutrient-rich and sustainable snack options. This dietary shift aligns with global trends towards reducing meat consumption and embracing more plant-forward diets, thus boosting the demand for pea protein in various sectors, including food, beverages, and dietary supplements.

Innovations in Food and Beverage Applications

Innovations in food and beverage applications are also driving the growth of the pea protein market in South Korea. Manufacturers are increasingly incorporating pea protein into a wide range of products, including meat alternatives, dairy substitutes, and ready-to-eat meals. The versatility of pea protein in these applications makes it an attractive ingredient for companies looking to cater to the growing demand for plant-based products. For instance, in 2021, Korean food giant CJ CheilJedang launched a series of plant-based meat products using pea protein as the main ingredient, catering to the rising demand for sustainable food options. With the rise of clean-label products and consumer preference for natural ingredients, pea protein fits well within the evolving food industry. The continuous product innovation, such as plant-based protein bars, protein shakes, and plant-based dairy, ensures that the market for pea protein continues to expand.

Government Support for Plant-Based Products

The South Korean government’s growing support for plant-based products is further propelling the market for pea protein. Various initiatives, such as the promotion of sustainable agriculture and the reduction of meat consumption, align with the increasing interest in plant-based food alternatives. These policies not only encourage the production and consumption of plant-based proteins but also help to create a favorable regulatory environment for the growth of the pea protein market. Additionally, government-backed programs aimed at promoting healthy eating habits and environmental sustainability resonate with consumers, further driving the demand for pea protein-based products across the nation.

Market Trends:

Surge in Plant-Based Product Offerings

The South Korean food industry is experiencing a notable shift towards plant-based alternatives, with pea protein emerging as a key ingredient in this transformation. Manufacturers are increasingly incorporating pea protein into a diverse array of products, including meat substitutes, dairy alternatives, and ready-to-eat meals. For example, Pulmuone, a leading South Korean food company, launched its “Plant Protein Line” in 2023, featuring plant-based meat patties and tofu products fortified with pea protein. This trend reflects a broader consumer preference for plant-based diets, driven by health considerations and environmental awareness. The versatility of pea protein allows it to be utilized in various culinary applications, enhancing its appeal among consumers seeking nutritious and sustainable food options.

Advancements in Product Innovation

Innovation in product development is a significant trend within the South Korean pea protein market. Companies are focusing on improving the texture, taste, and nutritional profile of pea protein-based products to meet consumer expectations. For instance, advancements in processing technologies have enabled the production of pea protein isolates with enhanced solubility and emulsifying properties, making them suitable for a wider range of applications. These innovations are not only expanding the functional uses of pea protein but also contributing to its acceptance among a broader consumer base.

Integration into Sports Nutrition

Pea protein is gaining traction in the sports nutrition segment in South Korea. Athletes and fitness enthusiasts are increasingly turning to plant-based protein sources like pea protein due to their digestibility and beneficial amino acid profiles. Pea protein’s role in muscle repair and recovery positions it as a valuable component in post-workout supplements and protein-enriched beverages. This integration aligns with the growing trend of incorporating plant-based ingredients into sports nutrition products, catering to the evolving preferences of health-conscious consumers.

Expansion of Domestic Production Capacities

To meet the rising demand for pea protein, South Korean companies are expanding their domestic production capabilities. For example, LG Chem has announced plans to increase its pea protein production capacity at its facility in South Korea, aiming to ensure a steady supply of locally sourced pea protein and reduce dependency on imports. This move is aimed at ensuring a steady supply of locally sourced pea protein, reducing dependency on imports, and supporting the country’s agricultural sector. Such expansions are indicative of the industry’s commitment to scaling up production to satisfy the growing consumer demand for plant-based protein products.

Market Challenges Analysis:

Supply Chain Volatility

The South Korean pea protein market faces significant challenges due to supply chain disruptions, particularly during global crises such as the COVID-19 pandemic. These disruptions hinder the steady procurement of raw materials, leading to production delays and increased costs. Such instability affects manufacturers’ ability to meet growing consumer demand for plant-based proteins, thereby limiting market growth potential.

Price Fluctuations

The cost of peas, the primary raw material for pea protein, is subject to volatility, influenced by factors like climate conditions and agricultural yields. This price instability poses challenges for producers in maintaining consistent pricing strategies and profit margins. Consequently, fluctuations in raw material costs can impact the affordability and competitiveness of pea protein products in the market.

Flavor Profile Limitations

Despite its nutritional benefits, pea protein is often associated with a distinct taste that may not appeal to all consumers. The presence of off-flavors can limit its acceptance in various food applications, particularly among those accustomed to traditional meat products. For instance, compounds such as aldehydes and ketones can impart bitter or undesirable flavors, which have been identified as a significant hurdle for manufacturers in Korea and globally. Overcoming these taste-related barriers is essential for expanding the use of pea protein in mainstream food products.

Competition from Alternative Proteins

The plant-based protein sector is highly competitive, with pea protein contending against other alternatives like soy, rice, and hemp proteins. Each protein source offers unique benefits and challenges, leading to a fragmented market. Producers must differentiate their products through innovation and quality to secure a competitive edge.

Market Opportunities:

The South Korean pea protein market presents significant opportunities driven by the growing consumer demand for plant-based alternatives and the increasing shift towards healthier, sustainable food choices. As South Korea experiences a rise in health-conscious consumers, particularly among millennials and urban populations, the demand for clean-label, allergen-free products is surging. Pea protein, being gluten-free, lactose-free, and rich in essential amino acids, fits perfectly with these evolving consumer preferences. This trend is particularly evident in the growing popularity of plant-based meat alternatives, dairy substitutes, and protein-enriched snacks. As the government and local businesses support sustainability and eco-friendly practices, pea protein offers a sustainable alternative to animal-based proteins, positioning it as a favorable ingredient in the food and beverage sector.

In addition, the nutraceuticals and sports nutrition segments present expanding opportunities for pea protein. With the increasing adoption of plant-based diets and the focus on fitness and well-being, there is a notable rise in demand for protein supplements made from natural sources. Pea protein, known for its digestibility and muscle-repairing properties, is becoming a preferred choice for fitness enthusiasts and athletes. Furthermore, the growing interest in pet nutrition and the use of plant-based proteins in animal feed provides additional market potential. As producers continue to innovate and develop new product offerings, there is considerable room for growth in these emerging sectors, further solidifying pea protein’s position in the South Korean market.

Market Segmentation Analysis:

The South Korean pea protein market is segmented based on type, application, form, and distribution channel, each contributing uniquely to market growth.

By Type

The market is primarily divided into three types: isolate, concentrate, and textured pea proteins. Among these, pea protein isolate holds the largest share due to its high protein content and versatility in various applications, especially in food and beverages. Pea protein concentrate is also widely used, particularly in nutraceuticals and animal feed, due to its balance between cost and nutritional benefits. Textured pea protein is gaining popularity in meat alternative products, offering an excellent solution for plant-based protein textures.

By Application

Pea proteins find applications in diverse sectors, with food and beverages leading the market. This segment includes plant-based meat alternatives, dairy substitutes, and protein-enriched snacks. Nutraceuticals also represent a significant application, driven by the growing demand for plant-based supplements. The animal feed segment is expanding as pea protein is increasingly incorporated into pet food and livestock diets. Additionally, pea proteins are finding uses in personal care and cosmetics for their moisturizing and skin-soothing properties.

By Form

Pea proteins are available in dry and liquid forms, with dry pea protein being more prevalent due to its ease of storage and long shelf life. Liquid pea protein is gaining traction in ready-to-drink beverages and liquid-based products.

By Distribution Channel

Online distribution channels are growing rapidly, driven by the increasing shift towards e-commerce. However, offline channels, including supermarkets and health food stores, remain significant for consumer access to pea protein-based products.

Segmentation:

By Type

Isolate
Concentrate
Textured

By Application

Food & Beverages
Nutraceuticals
Animal Feed
Personal Care & Cosmetics
Others

By Form

Dry
Liquid

By Distribution Channel

Online
Offline

Regional Analysis:

The South Korea pea proteins market is witnessing steady growth, with increasing demand driven by consumer preferences for plant-based, hypoallergenic, and sustainable food alternatives. The regional market is segmented into different provinces, with each region exhibiting unique consumption patterns and growth drivers.

Seoul Metropolitan Area: The Seoul metropolitan area holds the largest market share in South Korea, accounting for over 40% of the total pea protein market. This dominance is due to the region’s high urbanization rate and concentration of health-conscious consumers. The growing trend towards plant-based diets among the younger population, along with rising awareness of veganism and flexitarianism, is contributing to the significant uptake of pea protein in the area. The large number of food processing and nutraceutical companies located in this region further supports the market growth, as these industries increasingly incorporate pea protein into their products.

Gyeonggi Province: Gyeonggi Province follows closely behind, contributing around 30% to the total market share. Being the home to many food manufacturers and processing plants, the province benefits from strong industrial infrastructure that drives the production and distribution of pea protein. Additionally, the region’s proximity to Seoul fosters easy access to the growing urban population that seeks plant-based food options, providing a strong market for pea protein products in both food and nutraceutical applications.

Busan and Gwangju: The regions of Busan and Gwangju together represent roughly 20% of the market share. These areas have a growing base of health-conscious consumers, driven by increasing awareness of the environmental and health benefits of plant-based diets. While still smaller in comparison to Seoul and Gyeonggi, the rising adoption of vegan and vegetarian lifestyles in these regions is driving the consumption of pea protein, particularly in the food and beverages sector.

Other Regions: The remaining 10% of the market is spread across other provinces, including Daegu and Incheon. Although these regions contribute less to the overall market, there is notable potential for growth. Rural areas, in particular, are showing increasing interest in nutraceutical products and plant-based food ingredients, with pea protein gaining popularity for its nutritional value and digestibility.

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Key Player Analysis:

Shandong Jianyuan Group
Fenchem Biotek Ltd.
Ingredion Incorporated
Roquette Frères
Yantai Shuangta Food Co., Ltd.
ET Chem
Cargill, Inc.
DuPont (IFF)
Nutraonly (Xi’an) Nutritions Inc.
Burcon NutraScience Corporation

Competitive Analysis:

The South Korea pea protein market is highly competitive, with both domestic and international players vying for market share. Key domestic companies, such as CJ CheilJedang, LG Chem, and KGC Ginseng Corporation, are leading the charge in the production and distribution of pea protein products. These companies are leveraging local sourcing, product innovation, and extensive distribution networks to meet the growing demand for plant-based proteins. International players, including Ingredion, Roquette Frères, and Cosucra, are also establishing a presence in South Korea, capitalizing on their expertise in the global pea protein market. They bring advanced technology, broad product portfolios, and international distribution channels to the table, intensifying competition. To gain a competitive edge, companies are focusing on enhancing product quality, improving the nutritional profile of pea protein-based products, and expanding into emerging sectors like sports nutrition, nutraceuticals, and personal care. Strategic partnerships and acquisitions are also becoming common as firms aim to strengthen their market positions.

Recent Developments:

In October 2024, Ingredion Incorporated announced the launch of VITESSENCE® Pea 200 D, a new pea protein isolate designed for improved dispersibility and solubility in nutritional beverages. This innovation targets the ready-to-mix beverage market, offering a smooth, creamy mouthfeel and a neutral flavor profile to minimize the need for flavor maskers. The product initially launched in the U.S. and Canada, with plans for future expansion into EMEA markets.
In February 2024, Roquette Frères expanded its NUTRALYS® pea protein range by introducing four new functional pea proteins. These products were developed to address common formulation challenges in plant-based foods and beverages, enabling greater variety and higher protein content in nutritional bars, drinks, and alternatives to meat and dairy. Additionally, in April 2024, Roquette Beauté unveiled Beauté by Roquette® ST 730, a pea starch-based film-forming agent for cosmetics, and in May 2024, the company launched NUTRALYS® Fava S900M, its first bean protein isolate.
In August 2024, SUJIS LINK, a South Korea-based food technology company, secured a KRW 3-billion investment from Samyang Foods to advance its plant-based meat technology. Leveraging High Moisture Extrusion (HME) technology, SUJIS LINK produces plant-based meats with enhanced taste and texture, launching products under its Veself brand. This collaboration aims to expand product offerings both domestically and internationally, utilizing Samyang Foods’ extensive global network to accelerate the growth and reach of Veself’s plant-based meat products.

Market Concentration & Characteristics:

The South Korean pea protein market is characterized by a moderate level of concentration, with a mix of domestic and international players actively participating. Domestic companies such as CJ CheilJedang, LG Chem, and KGC Ginseng Corporation are prominent in the production and distribution of pea protein products. These companies leverage local sourcing and established distribution networks to cater to the growing demand for plant-based proteins. International firms like Roquette Frères and Ingredion also have a presence in the market, bringing global expertise and advanced processing technologies. This combination of local and international players fosters a competitive environment that drives innovation and product development. In terms of market characteristics, the South Korean pea protein market is witnessing a shift towards clean-label and natural food products. Consumers are increasingly seeking products with minimal processing and transparent ingredient lists, which aligns with the attributes of pea protein. Additionally, the rise in health consciousness and dietary preferences such as veganism and flexitarianism are contributing to the demand for plant-based protein sources. The market is also experiencing growth in applications beyond food and beverages, including nutraceuticals and personal care products, indicating the versatile nature of pea protein as an ingredient.

Report Coverage:

The research report offers an in-depth analysis based on Type, Application, Form and Distribution Channel. 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 South Korean pea protein market is expected to experience steady growth over the coming years.
Increasing consumer awareness of plant-based diets will drive demand for pea protein in food and beverages.
The rise of vegan, vegetarian, and flexitarian diets will encourage broader adoption of pea protein across various product categories.
Advancements in processing technology will improve the quality of pea protein, expanding its use in different food applications.
The nutraceutical sector will see increased incorporation of pea protein in dietary supplements.
Domestic production of pea protein will grow, reducing dependence on imports and supporting sustainability.
Innovations in plant-based meat alternatives and dairy substitutes will fuel demand for pea protein.
E-commerce will become an increasingly important distribution channel for pea protein-based products.
Competition among key market players will intensify through strategic partnerships and acquisitions.
Consumer demand for clean-label, allergen-free, and sustainable products will continue to shape market trends.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Pea Proteins Market Snapshot 21

2.1.1. South Korea Pea Proteins Market, 2018 – 2032 (USD Million) 21

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : PEA PROTEINS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Growing consumer preference for plant-based protein alternatives 25

4.2.2. Rising demand from the functional food and sports nutrition sector 26

4.3. Market Restraints 27

4.3.1. Fluctuations in raw material prices 27

4.4. Market Opportunities 28

4.4.1. Increasing investment in pea protein-based innovations 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by South Korea 31

5.1.1. South Korea Pea Proteins Market Import Volume/Revenue, By South Korea, 2018 – 2023 31

5.2. Export Analysis by South Korea 32

5.2.1. South Korea Pea Proteins Market Export Volume/Revenue, By South Korea, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by South Korea 33

6.1.1. South Korea Pea Proteins Market Demand Volume/Revenue, By South Korea, 2018 – 2023 33

6.2. Supply Analysis by South Korea 34

6.2.1. South Korea Pea Proteins Market Supply Volume/Revenue, By South Korea, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by South Korea 35

7.1.1. South Korea Pea Proteins Market Production Volume/Revenue, By South Korea, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

8.1.1. South Korea Pea Proteins Market Price, By Type, 2018 – 2023 36

8.1.2. South Korea Type Market Price, By Type, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. South Korea Pea Proteins Market: Company Market Share, by Volume, 2023 40

11.2.2. South Korea Pea Proteins Market: Company Market Share, by Revenue, 2023 41

11.2.3. South Korea Pea Proteins Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. South Korea Pea Proteins Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. South Korea Pea Proteins Market Company Volume Market Share, 2023 43

11.4. South Korea Pea Proteins Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

South Korea Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : PEA PROTEINS MARKET – BY TYPE SEGMENT ANALYSIS 49

13.1. Pea Proteins Market Overview, by Type Segment 49

13.1.1. Pea Proteins Market Revenue Share, By Type, 2023 & 2032 50

13.1.2. Pea Proteins Market Attractiveness Analysis, By Type 51

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51

13.1.4. Pea Proteins Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

13.2. Isolate 53

13.3. Concentrate 54

13.4. Textured 55

CHAPTER NO. 14 : PEA PROTEINS MARKET – BY APPLICATION SEGMENT ANALYSIS 56

14.1. Pea Proteins Market Overview, by Application Segment 56

14.1.1. Pea Proteins Market Revenue Share, By Application, 2023 & 2032 57

14.1.2. Pea Proteins Market Attractiveness Analysis, By Application 58

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 58

14.1.4. Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 59

14.2. Food & Beverages 60

14.3. Nutraceuticals 61

14.4. Animal Feed 62

14.5. Personal Care & Cosmetics 63

14.6. Others 64

CHAPTER NO. 15 : PEA PROTEINS MARKET – BY FORM SEGMENT ANALYSIS 65

15.1. Pea Proteins Market Overview, by Form Segment 65

15.1.1. Pea Proteins Market Revenue Share, By Form, 2023 & 2032 66

15.1.2. Pea Proteins Market Attractiveness Analysis, By Form 67

15.1.3. Incremental Revenue Growth Opportunity, by Form, 2024 – 2032 67

15.1.4. Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 68

15.2. Dry 69

15.3. Liquid 70

CHAPTER NO. 16 : PEA PROTEINS MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 71

16.1. Pea Proteins Market Overview, by Distribution Channel Segment 71

16.1.1. Pea Proteins Market Revenue Share, By Distribution Channel, 2023 & 2032 72

16.1.2. Pea Proteins Market Attractiveness Analysis, By Distribution Channel 73

16.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 73

16.1.4. Pea Proteins Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 74

16.2. Online 75

16.3. Offline 76

CHAPTER NO. 17 : PEA PROTEINS MARKET – SOUTH KOREA ANALYSIS 77

17.1. Type 77

17.1.1. South Korea Pea Proteins Market Revenue, By Type, 2018 – 2023 (USD Million) 77

17.2. South Korea Pea Proteins Market Revenue, By Type, 2024 – 2032 (USD Million) 77

17.3. Application 78

17.3.1. South Korea Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 78

17.3.2. South Korea Pea Proteins Market Revenue, By Application, 2024 – 2032 (USD Million) 78

17.4. Form 79

17.4.1. South Korea Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 79

17.4.2. South Korea Pea Proteins Market Revenue, By Form, 2024 – 2032 (USD Million) 79

17.5. Distribution Channel 80

17.5.1. South Korea Pea Proteins Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 80

17.5.2. South Korea Pea Proteins Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 80

CHAPTER NO. 18 : COMPANY PROFILES 81

18.1. Shandong Jianyuan Group 81

18.1.1. Company Overview 81

18.1.2. Product Portfolio 81

18.1.3. Swot Analysis 81

18.1.4. Business Strategy 82

18.1.5. Financial Overview 82

18.2. Fenchem Biotek Ltd. 83

18.3. Ingredion Incorporated 83

18.4. Roquette Frères 83

18.5. Yantai Shuangta Food Co., Ltd. 83

18.6. ET Chem 83

18.7. Cargill, Inc. 83

18.8. DuPont (IFF) 83

18.9. Nutraonly (Xi’an) Nutritions Inc. 83

18.10. Burcon NutraScience Corporation 83

List of Figures

FIG NO. 1. South Korea Pea Proteins Market Revenue, 2018 – 2032 (USD Million) 22

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

FIG NO. 3. South Korea Pea Proteins Market Import Volume/Revenue, By South Korea, 2018 – 2023 31

FIG NO. 4. South Korea Pea Proteins Market Export Volume/Revenue, By South Korea, 2018 – 2023 32

FIG NO. 5. South Korea Pea Proteins Market Demand Volume/Revenue, By South Korea, 2018 – 2023 33

FIG NO. 6. South Korea Pea Proteins Market Supply Volume/Revenue, By South Korea, 2018 – 2023 34

FIG NO. 7. South Korea Pea Proteins Market Production Volume/Revenue, By South Korea, 2018 – 2023 35

FIG NO. 8. South Korea Pea Proteins Market Price, By Type, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for South Korea Pea Proteins Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Pea Proteins Market – Company Volume Market Share, 2023 43

FIG NO. 18. Pea Proteins Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Pea Proteins Market Revenue Share, By Type, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Type 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 51

FIG NO. 22. Pea Proteins Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

FIG NO. 23. South Korea Pea Proteins Market for Isolate, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. South Korea Pea Proteins Market for Concentrate, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. South Korea Pea Proteins Market for Textured, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. Pea Proteins Market Revenue Share, By Application, 2023 & 2032 57

FIG NO. 27. Market Attractiveness Analysis, By Application 58

FIG NO. 28. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 58

FIG NO. 29. Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 59

FIG NO. 30. South Korea Pea Proteins Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. South Korea Pea Proteins Market for Nutraceuticals, Revenue (USD Million) 2018 – 2032 61

FIG NO. 32. South Korea Pea Proteins Market for Animal Feed, Revenue (USD Million) 2018 – 2032 62

FIG NO. 33. South Korea Pea Proteins Market for Personal Care & Cosmetics, Revenue (USD Million) 2018 – 2032 63

FIG NO. 34. South Korea Pea Proteins Market for Others, Revenue (USD Million) 2018 – 2032 64

FIG NO. 35. Pea Proteins Market Revenue Share, By Form, 2023 & 2032 66

FIG NO. 36. Market Attractiveness Analysis, By Form 67

FIG NO. 37. Incremental Revenue Growth Opportunity by Form, 2024 – 2032 67

FIG NO. 38. Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 68

FIG NO. 39. South Korea Pea Proteins Market for Dry, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. South Korea Pea Proteins Market for Liquid, Revenue (USD Million) 2018 – 2032 70

FIG NO. 41. Pea Proteins Market Revenue Share, By Distribution Channel, 2023 & 2032 72

FIG NO. 42. Market Attractiveness Analysis, By Distribution Channel 73

FIG NO. 43. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 73

FIG NO. 44. Pea Proteins Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 74

FIG NO. 45. South Korea Pea Proteins Market for Online, Revenue (USD Million) 2018 – 2032 75

FIG NO. 46. South Korea Pea Proteins Market for Offline, Revenue (USD Million) 2018 – 2032 76

List of Tables

TABLE NO. 1. : South Korea Pea Proteins Market: Snapshot 21

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

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

TABLE NO. 4. : South Korea Pea Proteins Market Revenue, By Type, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : South Korea Pea Proteins Market Revenue, By Type, 2018 – 2023 (USD Million) 77

TABLE NO. 7. : South Korea Pea Proteins Market Revenue, By Type, 2024 – 2032 (USD Million) 77

TABLE NO. 8. : South Korea Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 78

TABLE NO. 9. : South Korea Pea Proteins Market Revenue, By Application, 2024 – 2032 (USD Million) 78

TABLE NO. 10. : South Korea Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 79

TABLE NO. 11. : South Korea Pea Proteins Market Revenue, By Form, 2024 – 2032 (USD Million) 79

TABLE NO. 12. : South Korea Pea Proteins Market Revenue, By Distribution Channel, 2018 – 2023 (USD Million) 80

TABLE NO. 13. : South Korea Pea Proteins Market Revenue, By Distribution Channel, 2024 – 2032 (USD Million) 80

Frequently Asked Questions

What is the current size of the South Korea Pea Proteins Market?

The South Korea Pea Proteins Market is projected to grow from USD 94.94 million in 2024 to an estimated USD 249.70 million by 2032.

What factors are driving the growth of the South Korea Pea Proteins Market?

The growth is driven by increasing consumer awareness of health and wellness, the popularity of plant-based diets, demand for allergen-free products, and the rising popularity of vegan and flexitarian diets.

What are some challenges faced by the South Korea Pea Proteins Market?

Key challenges include supply chain volatility, price fluctuations of raw materials, flavor profile limitations, and strong competition from other plant-based proteins.

Who are the major players in the South Korea Pea Proteins Market?

Major players in the market include CJ CheilJedang, LG Chem, KGC Ginseng Corporation, and international companies such as Roquette Frères and Ingredion.

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