Report Description
South America Pea Protein Market Outlook 2031
The South America Pea Protein market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 7.2% during 2023 – 2031. The growth of market is attributed to growing inclination towards vegan diet, flexitarian diet concept, and millennial populations shifting preference towards plant-based functional food.
The consumption of animal-based protein is highly associated with cholesterol, fats, and calories which increase the probability of cardiac arrest, obesity, and increase of blood sugar level, thus the preference of the population are shifting towards organic source of protein.
Pea protein perceives cost-effective and follow healthier life style and are rich in all nine essential nutritional amino acid also rich source of fibers, minerals, vitamins, potassium, foliate, selenium, and magnesium.
Pea-based products are low in carbohydrates, which acts as a source of the protein, hence act as beneficiary factor for the human body. Other health benefits associated with the pea products includes regulating blood pressure, helps in weight loss and gain muscles, and reduces craving for munchies.
Compared with other protein products pea-based protein is low in methionine content, thus other protein ingredients are essential to ensure that the body receives adequate compulsory nutrients. With the changing technology the vendors are offering various products which includes the similar organoleptic properties of real meat.
South America Pea Protein Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness towards risk factors involves in meat consumption is estimated to fuel the market in the coming years.
- Growing vegan population accompanied by flexitarian diet concept is expected to drive the market during the forecast period.
- Increasing demand due to GMO and allergy free nature of the product is anticipated to boost the market.
- R&D and technological advancement on product innovation offering the same properties and nutritional value of the real meat creates and immense opportunities for the key player in the market.
- Increasing awareness about global warming and animal cruelty has increased the shift in demand for pea protein and is anticipated to propel the market in the coming years.
- Lack of protein content in pea as compared to meat based product act as one of the factor that can hamper the growth of the market in the coming years.
Scope of the South America Pea Protein Market
The report on the South America pea protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Pea Protein Market – South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Pea Protein Isolates, Pea Protein Concentrates, and Textured Pea Protein), Applications (Beverages, Nutrition Supplements, Bakery, Meat Extenders and Substitutes, Snacks, and Others)
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Geographical Scope
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Argentina, Brazil, Rest of South America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Fenchem; Cosucra-Groupe Warcoing; Roquette Freres; Glanbia Plc; Puris Foods.
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South America Pea Protein Market Segment Insights
The isolated protein segment is expected to exhibit high CAGR
Based on types, the market is segregated into pea protein isolates, pea protein concentrates, and textured pea protein. The isolated protein segment is expected to exhibit high CAGR in the coming years due to application used in several different industries for e.g., dairy products, confectionaries, and plant-based meat products which makes them highly digestible and provides all the essential nutrition’s for the body.
The meat extenders and substitutes segment is estimated to hold key share of the market
On the basis of applications, the market is fragmented into beverages, nutrition supplements, bakery, meat extenders & substitutes, snacks, and others. The meat extenders and substitutes segment is estimated to hold key share of the market during the forecast period owing to its versatility it can be used for several applications such as Bolognese sauces, pizza dressings & nuggets, sausages, stuffing and more.
The Brazil segment is anticipated to dominate the market
In the term of geographies, the market is categorized into Argentina, Brazil, and Rest of South America. Brazil is anticipated to dominate the market during the projected period due to increasing disposable income and globalization, changing consumers’ preferences right from food consumption to lifestyle choice, and a strong hold of fitness.
Segments
The South America pea protein market has been segregated on the basis of
Types
- Protein Isolates
- Protein Concentrates
- Textured Protein
Applications
- Beverages
- Nutrition Supplements
- Bakery
- Meat Extenders and Substitutes
- Snacks
- Other
Geographies
- Argentina
- Brazil
- Rest of South America
Key Players
Competitive Landscape
Key players competing in the South America pea protein market include Fenchem; Cosucra-Groupe Warcoing; Roquette Freres; Glanbia Plc.; Puris Foods.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pea Protein Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pea Protein Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pea Protein Market - Supply Chain
4.5. Global Pea Protein Market Forecast
4.5.1. Pea Protein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pea Protein Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pea Protein Market Absolute $ Opportunity
5. Global Pea Protein Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Pea Protein Market Size and Volume Forecast by Types
5.3.1. Protein Isolates
5.3.2.
Protein Concentrates
5.3.3.
Textured Protein
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Pea Protein Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Pea Protein Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Pea Protein Demand Share Forecast, 2019-2026
7. North America Pea Protein Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Pea Protein Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Pea Protein Market Size and Volume Forecast by Types
7.4.1. Protein Isolates
7.4.2.
Protein Concentrates
7.4.3.
Textured Protein
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Pea Protein Demand Share Forecast, 2019-2026
8. Latin America Pea Protein Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Pea Protein Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Pea Protein Market Size and Volume Forecast by Types
8.4.1. Protein Isolates
8.4.2.
Protein Concentrates
8.4.3.
Textured Protein
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Pea Protein Demand Share Forecast, 2019-2026
9. Europe Pea Protein Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Pea Protein Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Pea Protein Market Size and Volume Forecast by Types
9.4.1. Protein Isolates
9.4.2.
Protein Concentrates
9.4.3.
Textured Protein
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Pea Protein Demand Share Forecast, 2019-2026
10. Asia Pacific Pea Protein Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Pea Protein Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Pea Protein Market Size and Volume Forecast by Types
10.4.1. Protein Isolates
10.4.2.
Protein Concentrates
10.4.3.
Textured Protein
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Pea Protein Demand Share Forecast, 2019-2026
11. Middle East & Africa Pea Protein Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Pea Protein Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Pea Protein Market Size and Volume Forecast by Types
11.4.1. Protein Isolates
11.4.2.
Protein Concentrates
11.4.3.
Textured Protein
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Pea Protein Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Pea Protein Market: Market Share Analysis
12.2. Pea Protein Distributors and Customers
12.3. Pea Protein Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Fenchem
12.4.2.
Cosucra-Groupe Warcoing
12.4.3.
Roquette Freres
12.4.4.
Glanbia Plc.
12.4.5.
Puris Foods