Africa Pea Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Pea Protein Market Analysis
Africa Pea Protein market is projected to grow at a CAGR of 4.7% during the forecast period 2020-2025.
- Pea protein is being hailed as the new preferred protein due to its nutritional qualities and it looks set to play an increasingly important role in food formulation and fortification in Africa. At less than one-third of the price of whey powder, and compared to soy protein, pea protein is a healthy alternative with great benefits and usability.
- Given the ease of production and environmentally viable sourcing methods, pea proteins are projected for high returns. The availability of raw materials and land for production help in projecting this region not just as a demand source, but also for profitable production methods
Africa Pea Protein Market Trends
This section covers the major market trends shaping the Africa Pea Protein Market according to our research experts:
Increasing Demand for Plant Protein based Products
The demand for plant proteins in Africa has increased, owing to the need for protein, growth of the population, a rising economy, growing health concerns among consumers, and innovation in plant proteins, which are some of the driving factors for the plant protein market in Africa. Sportspersons, health-conscious and weight-conscious individuals, and other adult age groups are the main consumers of plant protein. Various infant formula products enriched with plant proteins, protein bars, and drinks have covered the major market in the region.
South Africa holds a Prominent Share in the Market Studied
Manufacturers in South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage. Changing consumer lifestyles and rising healthcare expenditure are also playing a vital role in the growth of the pea protein market. Moreover, the flourishing growth of the retail sector is escalating the growth of the market.Moreover, consumers' concerns over clean labels, ease of digestion, the need for avoiding allergy-causing substances, and sustainability among the public are driving the demand for pea proteins, in the country.
Africa Pea Protein Industry Overview
Roquette, The Scoular Company, and Axiom Foods are some of the many companies with major market shares in the segment. Companies are focused on setting up their manufacturing units in the market due to rising consumer demand. New entrants, in spite of heavy competition from major players, are targeting potential markets due to the high profits associated with the industry. Companies have engaged in extensive scientific research in order to identify better varieties and economically feasible processes.
Africa Pea Protein Market Leaders
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Cargill Incorporated
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Glanbia PLC
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Ingredion Incorporated
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The Scoular Company
*Disclaimer: Major Players sorted in no particular order
Africa Pea Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Isolates
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5.1.2 Concentrates
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5.1.3 Textured
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Meat Extender and Substitute
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5.2.3 Nutritional Supplement
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5.2.4 Beverage
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5.2.5 Snack
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5.2.6 Other Applications
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5.3 By Geography
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5.3.1 South Africa
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5.3.2 Nigeria
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5.3.3 Egypt
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5.3.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Axiom Foods Inc.
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6.4.2 Roquette Freres
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6.4.3 Cargill Incorporated
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6.4.4 Cosucra-Groupe Warcoing
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6.4.5 Glanbia PLC
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6.4.6 The Scoular Company
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6.4.7 Emsland Group
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6.4.8 Ingredion Incorporated
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Pea Protein Industry Segmentation
Africa Pea Protein market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into isolates, concentrates, and textured. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and other applications. By geography, the report provides a detailed analysis, which includes South Africa, Nigeria, Egypt, and Rest of South Africa.
| By Product Type | |
| Isolates | |
| Concentrates | |
| Textured |
| By Application | |
| Bakery | |
| Meat Extender and Substitute | |
| Nutritional Supplement | |
| Beverage | |
| Snack | |
| Other Applications |
| By Geography | |
| South Africa | |
| Nigeria | |
| Egypt | |
| Rest of Africa |
Africa Pea Protein Market Research FAQs
What is the current Africa Pea Protein Market size?
The Africa Pea Protein Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Africa Pea Protein Market?
Cargill Incorporated, Glanbia PLC, Ingredion Incorporated and The Scoular Company are the major companies operating in the Africa Pea Protein Market.
What years does this Africa Pea Protein Market cover?
The report covers the Africa Pea Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Pea Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pea Protein in Africa Industry Report
Statistics for the 2024 Pea Protein in Africa market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pea Protein in Africa analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
