Indonesia Pea Protein Market: Industry Analysis and Forecast (2024-2030)
The Indonesia Pea Protein Market size was valued at USD 53.12 Mn. in 2023 and the total Indonesia Pea Protein revenue is expected to grow at a CAGR of 7.6% from 2024 to 2030, reaching nearly USD 88.70 Mn. in 2030.
Format : PDF | Report ID : SMR_1669
Indonesia Pea Protein Market Overview-
Pea protein is derived from yellow field peas and offers three main types such as isolate, concentrate, and textured pea protein. It serves as a vital alternative for vegetarians and lactose intolerants. Substituting allergen-prone sources like soy, almonds, and peanuts, provides high protein concentration, essential amino acids, and various health benefits, including improved calcium absorption, muscle preservation, boosted metabolism, and blood sugar level management. Indonesians' growing health awareness drives the demand for pea protein and is associated with muscle building, weight management, and improved heart health.
The rise of plant-based diets, particularly vegan and vegetarian choices, contributes to the increasing popularity of pea protein as a vital plant-based protein source. The functional food trend further drives its market presence, with pea protein incorporation into yogurts, bakery items, and snacks enhancing nutritional profiles, and aligning with consumer preferences.
The Indonesia Pea Protein market report comprehensively analyzes trends, technological advancements, and potential disruptions, assessing the market size, growth, economic factors, regulations, and commercial drivers. The competitive landscape is scrutinized, emphasizing differentiation among key operators, and drawing on historical data. The report forecasts sector challenges and resilience in response to the economic downturn, offering insights into the Indonesia Pea Protein industry dynamics.
Indonesia Pea Protein Market Dynamics
Growing awareness of health benefits drives the Indonesia Pea Protein Market
In the Indonesia Pea Protein Market, the heightened focus on health and wellness is a noticeable trend. Indonesian consumers, mirroring global sentiments, are increasingly prioritizing foods that promote well-being and deliver specific health benefits, driving the demand for pea protein as a nutritious and plant-based dietary option.
In the Indonesia Pea Protein Market, pea protein gains traction thanks to its associated health benefits, including muscle support for athletes, satiety help in weight management, and potential contributions to heart health. It fulfills the protein needs of vegans and vegetarians, aligning with diverse dietary preferences in the health-conscious Indonesian consumer base.
In the Indonesia Pea Protein Market, rising awareness of its health benefits fuels consumer interest, driving demand for pea protein-based products. The surge in plant-based diets, demand for functional foods, and a focus on sports nutrition showcase how this awareness shapes diverse market segments, creating opportunities for innovative and health-centric offerings.
The Indonesian pea protein market gains momentum with growing awareness of its health benefits. Informed consumers increasingly seek products harnessing pea protein's potential health advantages, indicating a sustained upward trajectory in demand for pea protein-based products as health-conscious choices become integral to dietary preferences.
Indonesia Pea Protein Market Segment Analysis:
Based on Form, the Dry Pea Protein segment hold the largest market share of about 80% in the Indonesia Pea Protein Market in 2023. According to the STELLAR analysis, the segment is further expected to grow at a CAGR of 7.7% during the forecast period. Thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration, it stands out as the dominant segment within the Indonesia Pea Protein Market.
In Indonesia's pea protein market, cost-efficiency is a key driver, particularly with dry pea protein. Its ease of transport, storage, and formulation appeals to manufacturers, potentially resulting in more affordable pea protein products for Indonesian consumers, contributing to the market's accessibility and widespread adoption. In Indonesia's pea protein market, the versatility of dry pea protein powder is a significant asset. Its adaptability spans various food and beverage products, including plant-based meat alternatives, protein powders, fortified yogurts, and bakery goods. This flexibility empowers manufacturers to meet the increasing demand for plant-based options, fostering innovation in the market.
In Indonesia's pea protein industry, standardization and quality control are vital attributes of dry pea protein. Its consistent and standardized form assures manufacturers of quality, essential for meeting consumer expectations and ensuring the reliability of products in the competitive landscape. In Indonesia's pea protein market, dry pea protein powder stands out for its versatile functionalities in food production. Serving as a thickener and emulsifier enhances texture and stability, while its role as a source of essential amino acids improves the nutritional profile. These attributes make it a valuable ingredient for crafting high-quality plant-based products. Additionally, in pea protein market, the pivotal role of dry pea protein in delivering cost-effectiveness, versatility, consistent quality, and functional benefits drives market growth and innovation. Manufacturers leverage these attributes to create a diverse range of appealing plant-based options, meeting the evolving preferences of Indonesian consumers.
Indonesia Pea Protein Market Scope:
Indonesia Pea Protein Market |
|
Market Size in 2023 |
USD 53.12 Mn. |
Market Size in 2030 |
USD 88.70 Mn. |
CAGR (2024-2030) |
7.6% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Product
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By Form
|
|
By Source
|
|
By Application
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Leading Key Players in the Indonesia Pea Protein Market
- Amazing Grass
- Australia's Own
- Beyond Meat
- Bluezone
- Garden of Lif
- Bodylogix
- BURGREENS
- Daging Analog
- Daiya
- Dumex
- Enfamil
- Everbest
- Explore
Frequently Asked Questions
Price sensitivity is expected to be the major restraining factor for the Indonesia Pea Protein market growth.
The Indonesia Pea Protein Market size was valued at USD 53.12 Million in 2023. The total Indonesia Pea Protein revenue is expected to grow at a CAGR of 7.6 % from 2024 to 2030, reaching nearly USD 88.70 Million By 2030.
1. Indonesia Pea Protein Market: Research Methodology
1.1. Research Data
1.1.1. Secondary Data
1.1.2. Primary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Indonesia Pea Protein Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments
3. Indonesia Pea Protein Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
4. Indonesia Pea Protein Market: Dynamics
4.1. Indonesia Pea Protein Market Trends
4.2. Indonesia Pea Protein Market Drivers
4.3. Indonesia Pea Protein Market Restraints
4.4. Indonesia Pea Protein Market Opportunities
4.5. Indonesia Pea Protein Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
5. Indonesia Pea Protein Market: Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Kilotons) (2023-2030)
5.1. Indonesia Pea Protein Market Size and Forecast, by Product (2023-2030)
5.1.1. Includes Isolates
5.1.2. Concentrates
5.1.3. Textured
5.1.4. Hydrolysates
5.2. Indonesia Pea Protein Market Size and Forecast, by Form (2023-2030)
5.2.1. Dry
5.2.2. Wet
5.3. Indonesia Pea Protein Market Size and Forecast, by Source (2023-2030)
5.3.1. Yellow split peas
5.3.2. Chickpeas
5.3.3. Lentils
5.4. Indonesia Pea Protein Market Size and Forecast, by Application (2023-2030)
5.4.1. Food
5.4.2. Meat Substitutes
5.4.3. Performance Nutrition
5.4.4. Functional Foods
5.4.5. Snacks
5.4.6. Bakery Products
5.4.7. Confections
5.4.8. Food Applications Beverages
5.4.9. Others
6. Company Profile: Key Players
6.1. Amazing Grass
6.1.1. Company Overview
6.1.2. Business Portfolio
6.1.3. Financial Overview
6.1.4. SWOT Analysis
6.1.5. Strategic Analysis
6.1.6. Recent Developments
6.2. Australia's Own
6.3. Beyond Meat
6.4. Bluezone
6.5. Garden of Lif
6.6. Bodylogix
6.7. BURGREENS
6.8. Daging Analog
6.9. Daiya
6.10. Dumex
6.11. Enfamil
6.12. Everbest
6.13. Explore
7. Key Findings
8. Analyst Recommendations
8.1. Strategic Recommendations
8.2. Future Outlook