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South America pea protein market is segmented By Type (Pea Protein Isolate, Pea Protein Concentrate, and Textured Pea Protein), By Application (Bakery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Snacks and Others) and By Geography.
Study Period:
2016 - 2026
Base Year:
2020
CAGR:
7.2 %
South America Pea Protein Market is projected to grow at a CAGR of 7.2% during the forecast period.
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 |
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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.
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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
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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
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Pea Protein Isolates
5.1.2 Pea Protein Concentrates
5.1.3 Textured Pea Protein
5.2 Application
5.2.1 Bakery
5.2.2 Meat Extenders and Substitutes
5.2.3 Nutritional Supplements
5.2.4 Beverages
5.2.5 Snacks
5.2.6 Others
5.3 Geography
5.3.1 Brazil
5.3.2 Argentina
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Axiom Foods
6.3.2 Cosucra-Groupe Warcoing
6.3.3 Roquette Freres
6.3.4 Sotexpro SA
6.3.5 The Scoular Company
6.3.6 Fenchem
6.3.7 Glanbia Plc
6.3.8 Puris Foods
7. MARKET OPPORTUNITIES AND FUTURE TRENDS