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Thailand Pea Proteins Market

Thailand 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
Thailand Pea Proteins Market Size 2024	USD 7.98 million
Thailand Pea Proteins Market, CGR	12.76%
Thailand Pea Proteins Market Size 2032	USD 20.86 million

Market Overview:

The Thailand Pea Proteins Market is projected to grow from USD 7.98 million in 2024 to an estimated USD 20.86 million by 2032, with a compound annual growth rate (CAGR) of 12.76% from 2024 to 2032.

Several factors are contributing to the expansion of the pea protein market in Thailand. A significant driver is the increasing health consciousness among Thai consumers, leading to a preference for plant-based diets. Pea protein, known for its nutritional benefits and hypoallergenic properties, aligns with the growing trend towards healthier eating habits. Additionally, the rise of flexitarian diets, where individuals reduce meat consumption without eliminating it entirely, is propelling the demand for plant-based protein sources like pea protein. The versatility of pea protein in various food applications, including meat alternatives, dairy substitutes, and nutritional supplements, further fuels its market growth

Thailand is emerging as a key player in the Asia-Pacific pea protein market. The country’s strategic position within the region, coupled with its growing food processing sector, positions it well to capitalize on the increasing adoption of plant-based ingredients. Urban centers such as Bangkok and Chiang Mai are witnessing a surge in the availability and consumption of pea protein-based products, driven by both local production and imports. This urban demand is complemented by a supportive regulatory environment that encourages the development and commercialization of plant-based food products. As consumer preferences continue to shift towards sustainable and health-oriented food choices, Thailand’s role in the regional pea protein market is expected to strengthen, contributing to the overall growth of the Asia-Pacific market.

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Market Insights:

The Thailand Pea Proteins Market is projected to grow from USD 7.98 million in 2024 to USD 20.86 million by 2032, with a CAGR of 12.76%.

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%.

The increasing health consciousness among Thai consumers is driving the demand for plant-based protein sources like pea protein.
The rise of flexitarian diets, where people reduce meat consumption, further propels the adoption of pea protein in various food products.
The versatility of pea protein in applications like meat alternatives, dairy substitutes, and nutritional supplements is fueling market growth.
Thailand’s urban centers, such as Bangkok and Chiang Mai, are seeing higher availability and consumption of pea protein-based products.
Limited domestic production capacity remains a challenge, with Thailand relying heavily on imports to meet growing demand.
Regulatory hurdles and price sensitivity are restraining market growth, as stricter regulations and higher costs may limit widespread adoption.

Report Scope

This report segments the Thailand Pea Proteins Market as follow;

Market Drivers:

Increasing Health Consciousness

The growing awareness of health and wellness among Thai consumers is a key driver for the expansion of the pea protein market. As people become more conscious of the long-term effects of their dietary choices, many are shifting towards plant-based proteins as healthier alternatives to animal-based products. Pea protein, known for its high nutritional value, hypoallergenic properties, and digestibility, has gained popularity among consumers seeking to reduce their intake of saturated fats and cholesterol. The focus on improving overall health, coupled with concerns about obesity, heart disease, and other lifestyle-related illnesses, has led to an increased demand for plant-based protein sources, which are seen as both healthier and more sustainable.

Shift Toward Plant-Based and Flexitarian Diets

Thailand is witnessing a cultural shift towards plant-based and flexitarian diets, where individuals reduce their meat consumption but still include it in moderation. This shift is being driven by a combination of environmental, ethical, and health considerations. As consumers become more informed about the environmental impact of livestock farming such as greenhouse gas emissions, water usage, and land degradation they are opting for plant-based protein sources like pea protein that have a lower ecological footprint. Furthermore, the ethical concerns surrounding animal welfare are pushing consumers toward plant-based diets. These factors have contributed to a growing acceptance and demand for pea protein as a sustainable and cruelty-free protein option.

Product Innovation and Versatility

The versatility of pea protein has significantly contributed to its growing presence in the market. Its ability to be incorporated into a wide variety of food products, from meat alternatives to dairy substitutes, nutritional supplements, and snack foods, makes it an attractive ingredient for food manufacturers. Companies in Thailand are increasingly innovating to develop new products that cater to the evolving consumer demand for plant-based options. For instance, companies like SMS Corporation have introduced plant-based protein drinks featuring pPROTIMATE® P85, a 100% natural pea protein isolate, specifically designed to support active and healthy lifestyles, receiving positive feedback for taste and nutritional value at industry events. The rise of plant-based meat alternatives, such as burgers, sausages, and ready-to-eat meals made with pea protein, has opened up new market opportunities. Additionally, pea protein’s neutral taste and texture make it ideal for use in protein powders, smoothies, and other health-oriented beverages, further enhancing its market appeal.

Growing Awareness of Allergies and Intolerances

In Thailand, the rising prevalence of food allergies and intolerances has led to a growing demand for allergen-free alternatives. Pea protein is particularly appealing to consumers with lactose intolerance, soy allergies, or gluten sensitivities, as it is free from these common allergens. The increasing awareness of food sensitivities, especially among younger generations and health-conscious individuals, is pushing consumers to seek out plant-based proteins that are easy to digest and less likely to cause allergic reactions. For example, Good Karma’s pea protein isolate is derived from non-GMO sources and is free from common allergens, making it suitable for those with specific dietary restrictions. Pea protein’s hypoallergenic nature makes it a preferable choice for a significant portion of the population, further driving its adoption as a primary protein source in various food products.

Market Trends:

Expansion of Plant-Based Product Offerings

The Thai food industry is increasingly incorporating pea protein into a diverse range of products, reflecting a broader trend towards plant-based alternatives. Manufacturers are introducing pea protein-based meat substitutes, dairy alternatives, and nutritional supplements to cater to the growing demand for plant-derived proteins. For instance, Cargill launched its PlantEver™ brand in Thailand, initially offering a chicken-alternative tempura nugget that provides high protein and fiber content, tailored for Thai consumers seeking convenient, ready-to-cook plant-based meals. This expansion is driven by consumer interest in healthier and more sustainable food options, leading to a surge in product innovation and variety within the market. The availability of such a wide array of products is further encouraging the adoption of pea protein, creating new opportunities for manufacturers across multiple sectors.

Technological Advancements in Protein Extraction

Advancements in extraction technologies are enhancing the efficiency and quality of pea protein production in Thailand. Innovations such as dry and wet milling processes, as well as enzymatic treatments, are being employed to improve protein yield and functionality. These technological developments contribute to the production of higher-quality pea protein isolates and concentrates, meeting the evolving needs of the food industry and supporting the market’s growth. For example, Roquette’s NUTRALYS® pea protein range utilizes a patented water-based extraction process that eliminates most anti-nutritional factors, resulting in a very high digestibility level exceeding 96%. As the industry continues to adopt more advanced techniques, the cost-effectiveness and scalability of production are expected to improve, further boosting market adoption.

Government Initiatives Supporting Plant-Based Agriculture

The Thai government is actively promoting the development of plant-based agriculture, including pea cultivation, to support the growing demand for plant proteins. Policies and incentives aimed at encouraging sustainable farming practices and increasing domestic production of plant-based ingredients are being implemented. These initiatives are expected to reduce reliance on imported raw materials, lower production costs, and bolster the local pea protein market’s competitiveness. Additionally, these government efforts are helping to create a more sustainable agricultural system that supports long-term growth for the pea protein sector.

Consumer Education and Awareness Campaigns

Efforts to educate consumers about the benefits of pea protein and plant-based diets are gaining momentum in Thailand. Campaigns focusing on the nutritional advantages, environmental sustainability, and ethical considerations of plant-based eating are influencing consumer choices. As awareness grows, more Thai consumers are adopting plant-based proteins like pea protein, leading to increased market demand and a shift in dietary patterns. These education campaigns are also fostering a more informed consumer base that values the long-term health and environmental benefits of plant-based diets, further driving the demand for pea protein.

Market Challenges Analysis:

Limited Domestic Production Capacity

One of the key challenges facing the Thailand pea protein market is the limited domestic production capacity. Although demand for plant-based proteins, including pea protein, is growing rapidly, Thailand has yet to establish a large-scale, self-sufficient production infrastructure for pea protein. As a result, the country relies heavily on imports to meet its growing demand. This dependence on foreign supply chains can lead to higher costs, particularly given the transportation and tariffs associated with imported raw materials. To ensure market growth, Thailand would need to invest in expanding its domestic production capabilities, which remains a significant challenge.

Consumer Perception and Awareness

Despite the growing popularity of plant-based diets, there remains a lack of widespread understanding and awareness of pea protein among some segments of the Thai population. While urban consumers are increasingly adopting plant-based alternatives, rural areas may still have limited knowledge about the benefits of pea protein as a viable source of nutrition. Misconceptions regarding the nutritional value and uses of pea protein could hinder market penetration. Educating consumers and raising awareness about the health benefits and versatility of pea protein will be crucial in overcoming this restraint.

High Price Sensitivity

Another restraint in the Thailand pea protein market is the price sensitivity of consumers, particularly in price-sensitive segments of the population. While plant-based proteins are generally seen as healthier and more sustainable alternatives, they can be more expensive than traditional animal-based proteins. For instance, extracting high-quality protein from peas involves multiple processing stages, such as dry fractionation and wet extraction, which are capital-intensive and energy-consuming. This price differential could limit the adoption of pea protein, especially in lower-income households. To overcome this challenge, manufacturers will need to find ways to reduce production costs, potentially through economies of scale or improved extraction technologies, to make pea protein more affordable for the broader population.

Regulatory Hurdles

The regulatory framework for plant-based proteins in Thailand is still evolving. Stricter regulations on labeling, food safety, and product standards could slow down the growth of the pea protein market. Ensuring compliance with both domestic and international standards while navigating these regulatory challenges remains a potential hurdle for market players.

Market Opportunities:

The Thailand pea protein market presents significant opportunities for growth, driven by shifting consumer preferences towards plant-based diets. As more individuals in Thailand adopt plant-based or flexitarian diets, there is a growing demand for high-quality, sustainable protein alternatives. Pea protein, with its nutritional benefits and versatility, is positioned well to meet this demand. The rising awareness of the health risks associated with high meat consumption, including cardiovascular diseases and obesity, is encouraging consumers to explore plant-derived protein sources. This trend is further supported by the growing popularity of vegan and vegetarian lifestyles, creating a substantial opportunity for manufacturers to innovate and diversify their product offerings, such as plant-based meat substitutes, dairy alternatives, and protein-enriched snacks.

In addition to evolving consumer preferences, the Thai government’s support for sustainable agriculture and local plant-based protein production creates favorable conditions for market growth. With increasing investments in domestic pea cultivation, Thailand has the opportunity to reduce its reliance on imports and enhance the competitiveness of local pea protein production. This shift can help lower costs and increase the availability of pea protein products in the market. Furthermore, advancements in protein extraction technologies are improving production efficiency, making pea protein more accessible and affordable for a broader range of consumers. These factors collectively present a compelling market opportunity for both local and international stakeholders to tap into Thailand’s expanding plant-based protein sector.

Market Segmentation Analysis:

The Thailand pea protein market is segmented by type, application, form, and distribution channel, each contributing to the market’s growth and evolution.

By Type

The pea protein market in Thailand is primarily divided into three types: isolate, concentrate, and textured. The isolate segment holds the largest market share due to its high protein content and versatility in various food applications, particularly in meat substitutes and protein powders. The concentrate segment is also gaining popularity due to its cost-effectiveness and functional properties, while the textured pea protein is used in meat analogs, offering texture and consistency similar to animal-based products.

By Application

The food and beverages segment dominates the Thailand pea protein market, driven by the increasing demand for plant-based protein alternatives in meat and dairy substitutes. The nutraceuticals segment is also significant, with pea protein being used in dietary supplements and functional foods. Additionally, the growing demand for pea protein in animal feed and personal care products, such as skin-care formulations, is expanding market opportunities. The “others” category includes applications in various industries like textiles and packaging.

By Form

The pea protein market is available in two main forms: dry and liquid. The dry form is the most widely used due to its ease of storage and handling, making it popular for protein powders and processed foods. The liquid form is gaining traction in beverages and ready-to-eat products, offering convenience and quick integration into formulations.

By Distribution Channel

In Thailand, both online and offline distribution channels play key roles in the market. Offline channels, such as retail stores and supermarkets, remain dominant, but online sales are experiencing significant growth due to the increasing trend of e-commerce and convenience shopping.

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 Thailand pea proteins market is expected to experience significant growth, driven by increasing demand for plant-based protein sources in various food products. This growth can be attributed to the rising consumer awareness of health benefits, including hypoallergenic properties, and the growing preference for sustainable and eco-friendly food options. The regional market is characterized by varying levels of market penetration, influenced by local dietary habits, consumer preferences, and the overall adoption of plant-based alternatives.

Central Thailand dominates the pea protein market, accounting for the largest market share. This region includes Bangkok, the capital, and surrounding provinces, which are major centers for food processing and distribution. The urban population in this area exhibits a higher awareness of plant-based diets and is more likely to incorporate pea protein-based products into their daily meals. The growing popularity of vegan and vegetarian diets in urban centers is further bolstering market demand.

Northern Thailand follows with a moderate share of the market, driven primarily by agricultural activity. The region’s proximity to pea cultivation areas contributes to a steady supply of raw materials for pea protein production. While the demand for plant-based protein is not as high as in the central region, there is a growing trend among health-conscious consumers in smaller towns and cities.

Southern Thailand holds a smaller market share but is emerging as a key area for growth. With its strong focus on tourism and hospitality, there is an increasing trend towards offering plant-based food options to cater to international tourists and residents who are adopting plant-based lifestyles. Although the market for pea proteins in this region is still in its nascent stages, the expanding awareness of environmental and health issues is expected to drive market growth.

Eastern Thailand has a relatively low market share but shows potential due to the increasing shift towards plant-based diets among the younger demographic. The region’s industrial development also presents opportunities for the further expansion of pea protein applications in various sectors, including nutraceuticals and animal feed.

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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 Thailand pea proteins market is highly competitive, with both local and international players actively participating in the industry. Key market participants include Ingredion, Cargill, and Burcon NutraScience, which dominate the market with their extensive product portfolios and robust distribution networks. These companies leverage their established brands and innovation capabilities to offer a wide range of pea protein products catering to various sectors such as food and beverages, nutraceuticals, and animal feed. Local players, such as Thai pea protein producers, are gaining traction by capitalizing on the proximity to raw materials, ensuring a steady supply chain. These companies are also focusing on product innovation to meet growing consumer demand for plant-based protein alternatives. Moreover, partnerships and collaborations with food manufacturers are becoming a popular strategy to expand market reach and strengthen their position in the competitive landscape.

Recent Developments:

In March 2025, Daily Harvest introduced its Organic Pea Protein Powder, designed to offer a clean, allergen-friendly protein boost for smoothies and breakfast bowls. This new product contains only USDA-certified organic pea protein, free from additives, fillers, artificial sweeteners, seed oils, and preservatives, and provides 24 grams of plant-based protein per serving. The powder is tested for heavy metals, is highly digestible, and is suitable for those with common allergies, continuing Daily Harvest’s commitment to clean, simple ingredients and meeting customer demand for high-quality, convenient protein options.
In February 2024, Roquette expanded its NUTRALYS® plant protein range by launching four new multifunctional pea protein ingredients: NUTRALYS® Pea F853M (isolate), NUTRALYS® H85 (hydrolysate), NUTRALYS® T Pea 700FL (textured), and NUTRALYS® T Pea 700M (textured). These ingredients are designed to improve taste, texture, and application versatility in plant-based foods and high-protein nutritional products, enabling food manufacturers to develop innovative meat alternatives, nutritional bars, protein drinks, and dairy alternatives. This launch reflects Roquette’s ongoing investment in plant protein innovation and its mission to support food manufacturers in creating appealing plant-based products.
In January 2024, Ingredion and Lantmännen announced a long-term partnership to develop and commercialize a portfolio of pea protein isolates for the European market. This collaboration aims to leverage Ingredion’s expertise in process engineering and product development alongside Lantmännen’s vertically integrated production capabilities, with the goal of delivering high-quality, sustainably sourced pea protein isolates that meet the evolving needs of the global market.

Market Concentration & Characteristics:

The Thailand pea protein market is characterized by moderate concentration, with a mix of established international players and emerging local manufacturers. Global companies such as Roquette Frères and Cosucra Groupe Warcoing have a presence in the Asia-Pacific region, including Thailand, offering a range of pea protein products. Local firms are increasingly entering the market, driven by the growing demand for plant-based proteins and the Thai government’s support for sustainable agriculture. This dynamic environment fosters competition and innovation, leading to a diverse product offering and competitive pricing. The market’s characteristics include a strong emphasis on product quality and functionality, with pea protein isolates being the most sought-after due to their high protein content and versatility in various applications. Concentrates and textured pea proteins are also gaining traction, particularly in meat alternatives and animal feed sectors. Advancements in extraction technologies are enhancing the efficiency and yield of pea protein production, contributing to the market’s growth. Additionally, the increasing consumer preference for clean-label products and the rise of e-commerce are influencing distribution strategies, with manufacturers expanding their online presence to reach a broader customer base.

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 Thailand pea protein market is expected to grow significantly, driven by rising health consciousness and demand for plant-based diets.
Government initiatives promoting sustainable farming practices will support local production, reducing reliance on imports.
Technological advancements in extraction and processing methods will improve product quality and cost-efficiency.
Consumer preference for sustainable and cruelty-free food options will further fuel demand for pea protein.
The increasing popularity of plant-based meat and dairy substitutes will expand the food and beverage application segment.
Expansion in the nutraceuticals sector will create new opportunities for pea protein in dietary supplements.
The demand for allergen-free and easily digestible proteins will drive growth in the personal care and cosmetics applications.
E-commerce will continue to grow as a key distribution channel, reaching a broader consumer base.
The rise of flexitarian diets in Thailand will contribute to a steady increase in pea protein adoption.
Competition from other plant proteins may intensify, but pea protein’s versatility will maintain its market position.

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. Thailand 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 Thailand 31

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

5.2. Export Analysis by Thailand 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Thailand 33

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

6.2. Supply Analysis by Thailand 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Thailand 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

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

8.1.2. Thailand 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. Thailand Pea Proteins Market: Company Market Share, by Volume, 2023 40

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

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

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

11.3. Thailand Pea Proteins Market Company Volume Market Share, 2023 43

11.4. Thailand 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

Thailand 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 – THAILAND ANALYSIS 77

17.1. Type 77

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

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

17.3. Application 78

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

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

17.4. Form 79

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

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

17.5. Distribution Channel 80

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

17.5.2. Thailand 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. Thailand Pea Proteins Market Revenue, 2018 – 2032 (USD Million) 22

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

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

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

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

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

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

FIG NO. 8. Thailand 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 Thailand 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. Thailand Pea Proteins Market for Isolate, Revenue (USD Million) 2018 – 2032 53

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

FIG NO. 25. Thailand 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. Thailand Pea Proteins Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 60

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

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

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

FIG NO. 34. Thailand 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. Thailand Pea Proteins Market for Dry, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. Thailand 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. Thailand Pea Proteins Market for Online, Revenue (USD Million) 2018 – 2032 75

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

List of Tables

TABLE NO. 1. : Thailand 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. : Thailand Pea Proteins Market Revenue, By Type, 2018 – 2023 36

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

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

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

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

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

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

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

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

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

Frequently Asked Questions

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

The Thailand Pea Proteins Market is projected to grow from USD 7.98 million in 2024 to USD 20.86 million by 2032, with a CAGR of 12.76% from 2024 to 2032.

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

Key drivers include increasing health consciousness among consumers, the rise of flexitarian diets, and the growing demand for plant-based proteins in food applications such as meat alternatives, dairy substitutes, and nutritional supplements.

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

Challenges include limited domestic production capacity, price sensitivity among consumers, and the need for consumer education and awareness about pea protein’s nutritional benefits and versatility.

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

Major players include global companies such as Roquette Frères and Cosucra Groupe Warcoing, alongside emerging local manufacturers in Thailand.

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