South America Pea Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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.

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South America Pea Protein Industry Overview

south america pea protein market summary
Study Period: 2018 - 2028
CAGR: 7.2 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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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 Industry Segments

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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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.

South America Pea Protein Market1

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 Market2

South America Pea Protein Market Competitor Analysis

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 Top Players

  1. Glanbia Plc

  2. Fenchem

  3. Roquette Freres

  4. Cosucra-Groupe Warcoing

  5. Puris Foods

*Disclaimer: Major Players sorted in no particular order

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South America Pea Protein Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Pea Protein Isolates

      2. 5.1.2 Pea Protein Concentrates

      3. 5.1.3 Textured Pea Protein

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Meat Extenders and Substitutes

      3. 5.2.3 Nutritional Supplements

      4. 5.2.4 Beverages

      5. 5.2.5 Snacks

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Axiom Foods

      2. 6.3.2 Cosucra-Groupe Warcoing

      3. 6.3.3 Roquette Freres

      4. 6.3.4 Sotexpro SA

      5. 6.3.5 The Scoular Company

      6. 6.3.6 Fenchem

      7. 6.3.7 Glanbia Plc

      8. 6.3.8 Puris Foods

      4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Pea Protein Market Research FAQs

The South America Pea Protein Market is studied from 2018 - 2028.

The South America Pea Protein Market is growing at a CAGR of 7.2% over the next 5 years.

Glanbia Plc, Fenchem, Roquette Freres, Cosucra-Groupe Warcoing, Puris Foods are the major companies operating in South America Pea Protein Market.

South America Pea Protein Industry Reports

In-depth industry statistics and market share insights of the South America Pea Protein sector for 2020, 2021, and 2022. The South America Pea Protein research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the South America Pea Protein report PDF.

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