For the Quarter Ending September 2025
North America
• In United States, the Pea Protein Isolate Price Index rose quarter-over-quarter in Q3 2025, driven by rising production costs and general inflation.
• Pea Protein Isolate production costs increased due to a 2.6% year-over-year rise in the Producer Price Index in August 2025.
• Industrial electricity costs increased in August 2025, alongside an overall year-over-year uptick in natural gas prices.
• Robust retail sales, up 5.42% year-over-year in September 2025, supported consumer-facing applications for Pea Protein Isolate.
• However, declining consumer confidence to 94.2 in September 2025 may temper demand for premium Pea Protein Isolate products.
• Supply of Pea Protein Isolate feedstock was robust, with US dry edible pea production forecast to surge in 2025.
• US imports of dried and shelled peas increased year-on-year in July 2025, influencing domestic supply.
• General inflation, with CPI up 3.0% year-over-year in September 2025, impacted operational costs and consumer purchasing power.
Why did the price of Pea Protein Isolate change in September 2025 in North America?
• Rising Producer Price Index (PPI) by 2.6% year-over-year in August 2025 increased input costs.
• Industrial electricity costs increased in August 2025, alongside an overall year-over-year uptick in natural gas.
• General inflation, with CPI up 3.0% year-over-year in September 2025, raised operational expenses.
APAC
• In China, the Pea Protein Isolate Price Index fell quarter-over-quarter in Q3 2025, influenced by deflationary pressures.
• Pea Protein Isolate production costs trended lower, as the Producer Price Index decreased by 2.3% in September 2025.
• Demand outlook faced headwinds from a 0.3% CPI decrease in September 2025, indicating weak consumer demand.
• Consumer confidence remained low at 89.6 in September 2025, suggesting reduced discretionary spending.
• Despite a contracting Manufacturing Index in September 2025, industrial production increased by 6.5%, supporting demand.
• Retail sales grew by 3.0% in September 2025, indicating stronger consumer purchasing of finished goods.
• The unemployment rate of 5.2% in September 2025 contributed to cautious consumer spending.
• The Pea Protein Isolate Price Index is forecast to remain under downward pressure due to persistent deflation.
Why did the price of Pea Protein Isolate change in September 2025 in APAC?
• Deflationary pressures from a 0.3% CPI decrease in September 2025 dampened consumer spending.
• Producer prices fell 2.3% in September 2025, reducing manufacturing input costs and pricing power.
• Contracting manufacturing activity in September 2025, despite industrial production growth, limited ingredient demand.
Europe
• In Germany, Pea Protein Isolate prices rose in Q3 2025, driven by strengthening plant-based demand and feedstock scarcity.
• Pea Protein Isolate production costs were influenced by moderated European natural gas prices, though German electricity remained elevated in Q3 2025.
• Demand outlook is supported by strengthening plant-based protein demand and consumer sustainability awareness in Q3 2025.
• Price forecast indicates upward pressure due to projected declines in EU field pea production for 2025/26.
• The Manufacturing Index contracted in Q3 2025, indicating a slowdown in industrial activity and dampening demand.
• Industrial production in Germany decreased by 1.0% in September 2025, reflecting reduced output from manufacturing.
• Consumer Price Index increased by 2.4% year-over-year in September 2025, impacting discretionary spending on premium foods.
• Producer prices decreased by 1.7% year-over-year in September 2025, mainly due to lower energy costs.
Why did the price of Pea Protein Isolate change in September 2025 in Europe?
• Strengthening plant-based protein demand in Q3 2025 supported prices despite broader industrial slowdown.
• Projected decline in EU field pea production for 2025/26 created upward pressure on feedstock costs.
• Moderated natural gas prices offered some cost relief, but German electricity prices remained elevated.
