South America Pea Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Pea Protein Market Analysis
South America Pea Protein Market is projected to grow at a CAGR of 7.2% during the forecast period.
- Young consumers are seeking plant-based functional foods, owing to greater inclination toward vegan diet and flexitarian diet concepts.
- The intake of animal protein is associated with high cholesterol level, fat, and calories, which increases the risk of cardiac disease, high blood sugar level and obesity. Hence, people are showing an inclination toward the vegan source of protein. This has created a good platform for the growth of the pea protein market.
- Pea proteins are perceived as a cost-effective way to follow healthy lifestyle, as it is a complete protein containing all nine essential amino acids (unlike rice or beans).
South America Pea Protein Market Trends
This section covers the major market trends shaping the South America Pea Protein Market according to our research experts:
Brazil Dominates the Plant Protein Market
Due to rapid globalization and high disposable incomes, Brazil's population is paying more attention to health and wellness. Consumers' consumption pattern has been undergoing transformation with context to lifestyle choices and food consumption patterns. They demand convenience food products, but with rich nutritive profile and health benefits. The Brazilian market is propelled by the demand for sports and nutrition products by athletes, body builders, and recuperating patients. Additionally, the weight-management category is also growing, wherein protein is the main constituent ingredient. Moreover, pea protein is a plant-derived protein and it offers many health benefits, and unlike wheat and soy, it does not lead to many food allergies.
Increased Demand for Pea Protein
Pea protein is becoming popular among consumers, as protein-fortified product demand is increasing, owing to the allergy-free and GMO-free nature of proteins. The increasing demand for vegan diet among consumers has created an insatiable market demand for meat analogs. Owing to its application in meat analogs, extenders, and substitutes in hamburger, ground meat, stuffing, sausages, vegetarian products, Bolognese sauces, pizza dressing and nuggets, the textured pea protein segment is estimated to record the fastest growth. The nutritional property of meat analogs makes it more beneficial for consumers preferring to consume less meat, owing to the presence of high quantities of cholesterol. With modified technologies, the companies are targeting the consumers by coming up with innovative products with similar organoleptic properties as real meat
South America Pea Protein Industry Overview
South America Pea Protein market is fragmented, and the key players are Glanbia, Roquette Freres, Fenchem, Cosucra-Groupe Warcoing among others. The major strategies namely, acquisitions, expansions, and new product launches. In order to increase their market share, companies are focusing on new innovative products, by targeting the new source of plant proteins. The leading companies focus on the expansion of their plant protein business, in the local and international markets
South America Pea Protein Market Leaders
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Glanbia Plc
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Fenchem
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Roquette Freres
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Cosucra-Groupe Warcoing
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Puris Foods
*Disclaimer: Major Players sorted in no particular order
South America Pea Protein Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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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 Type
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5.1.1 Pea Protein Isolates
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5.1.2 Pea Protein Concentrates
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5.1.3 Textured Pea Protein
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5.2 Application
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5.2.1 Bakery
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5.2.2 Meat Extenders and Substitutes
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5.2.3 Nutritional Supplements
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5.2.4 Beverages
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5.2.5 Snacks
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5.2.6 Others
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5.3 Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Axiom Foods
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6.3.2 Cosucra-Groupe Warcoing
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6.3.3 Roquette Freres
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6.3.4 Sotexpro SA
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6.3.5 The Scoular Company
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6.3.6 Fenchem
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6.3.7 Glanbia Plc
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6.3.8 Puris Foods
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Pea Protein Industry Segmentation
South America Pea Protein Market is segmented By Type into Pea Protein Isolate, Pea Protein Concentrate, and Textured Pea Protein. Based on application, the market is segmented into Bakery, Meat Extenders & Substitutes, Nutritional Supplements, Beverages, Snacks and Other Applications. The study also involves the analysis of regional markets of Brazil, Argentina and Rest of South America.
| Type | |
| Pea Protein Isolates | |
| Pea Protein Concentrates | |
| Textured Pea Protein |
| Application | |
| Bakery | |
| Meat Extenders and Substitutes | |
| Nutritional Supplements | |
| Beverages | |
| Snacks | |
| Others |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Pea Protein Market Research FAQs
What is the current South America Pea Protein Market size?
The South America Pea Protein Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in South America Pea Protein Market?
Glanbia Plc, Fenchem, Roquette Freres, Cosucra-Groupe Warcoing and Puris Foods are the major companies operating in the South America Pea Protein Market.
What years does this South America Pea Protein Market cover?
The report covers the South America Pea Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Pea Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Textured Pea Protein Industry Report
Statistics for the 2024 South America Textured Pea Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Textured Pea Protein analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
