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Market Insights
Pea protein is among the top plant proteins regarding nutritional value. According to scientific findings the essential amino acid profile makes it ideal for human consumption. Pea protein, in particular, has been drawing a lot of attention for being highly sustainable, vegan, hypoallergenic, a good source of amino acids, easy to digest and a welcomed alternative to soy. It helps in slowing down the production of ghrelin, which sends signals to the brain to increase appetite. The South American pea protein market records a revenue of USD 6.6 million in 2016 and is expected to grow at a CAGR of 7.2% during the forecast period (2018-2023).
South America Pea Protein Market Dynamics
South America is one of the developing countries presently that attracts the market mostly due to its large younger population. Pea protein is used extensively because of its nature that helps in bodybuilding and also acts as an excellent dietary supplement. The emerging markets of pea protein in South America are projected for high growth with increased market penetration and consumer engagement. In 2015, ten products containing pea protein isolate were introduced in Brazil, most of which were meal replacement beverage products, products, snack/cereal/energy bars, meat substitutes, pasta, and poultry products.
South America Pea Protein Market Segmentation
Pea Protein can be extracted in three types such as pea protein isolates, pea protein concentrate, and textured pea protein. Pea isolates are a more refined version of pea concentrates while textured pea protein contains higher amount of protein as compared to concentrates and isolates. On the basis of application, South America pea protein market is classified into meat extenders & analogs, snacks & bakery products, nutritional supplements, beverages, and others that include meat enhancers and confectionery.
Market Segmentation: by Country
South America is an emerging market for pea protein during the forecast period. Countries like Brazil and Argentina are experiencing a rapid rise in disposable incomes. Growing population and North American cultural influence towards health and wellbeing boosted the market for pea protein in this region. Pea protein is treated as a vegetarian substitute for animal protein and increasing vegan preferences are driving the market. Brazil is the largest regional market followed by Argentina. South America pea protein market experienced revenue of USD XX million in 2017.
Leaders in the South American Pea Protein Market
Roquette, A&B Ingredients and Axiom Foods are some of the many companies in South America pea protein industry with major market shares. 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. Top companies in Brazil that use pea protein isolate in their products are Donone, Codap, Renk’s Industrial, and Nutricia. Companies have engaged in extensive scientific research in order to identify better varieties and economically feasible processes.
Key Deliverables:
- Market, trends & dynamics
- Aspects driving and restraining the demand for artificial sweeteners, both, globally and regionally
- Latest News & developments
- Porter’s five force analysis
- Investment scope
- Deep-dive insights
1. Introduction
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. Key findings of the study
3. Market Dynamics
3.1 Drivers
3.1.1 Increasing western influence & rising health-conscious populations in developing countries along with other uses of pea protein
3.1.2 Global increase in demand for pea protein owing to proven high nutritional profile
3.1.3 Increasing number of younger population
3.2 Restraints
3.2.1 Very low consumer awareness for the product
3.2.2 High Production costs resulting in the same with product costs
3.3 Opportunities
3.3.1 Increased potential for plant proteins in sports drinks sector
3.3.2 Technological advancements in processing and production bringing down the product cost
3.3.3 Higher incidence of application in weight management & fitness industry
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Type
4.1.1 Isolates
4.1.2 Concentrates
4.1.3 Textured
4.1.3.1 Dry
4.1.3.2 Wet
4.1.4 Others
4.2 By Application
4.2.1 Bakery
4.2.2 Beverages
4.2.3 Nutritional Supplements
4.2.4 Meat Extenders
4.2.5 Snacks
4.2.6 Others
4.3 By Geography
4.3.1 South America
4.3.1.1 Brazil
4.3.1.2 Argentina
4.3.1.3 Others
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Axiom Foods, Inc.
6.2 Cosucra-Groupe Warcoing
6.3 Nutri-Pea Limited
6.4 Roquette Freres
6.5 Shandong Jianyuan Foods Co., Ltd
6.6 Sotexpro SA
6.7 The Scoular Company
6.8 Naturz Organics
6.9 Fenchem
6.10 Glanbia Plc
6.11 World Food Processing (WFP)
7. Appendix
7.1 Abbreviations
7.2 Sources
7.3 Bibliography
7.4 Disclaimer
