Market Size of South America Pea Protein Industry
| 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 |
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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).
