South America Pea Protein Market - Growth, Trends and Forecasts (2018 - 2023)

SKU ID : INH- 12344580

Publishing Date : 01-Mar-2018

No. of pages : 100

PRICE
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  • 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.

    MAJOR PLAYERS: AXIOM FOODS, INC., COSUCRA-GROUPE WARCOING, NUTRI-PEA LIMITED, ROQUETTE FRERES, SHANDONG JIANYUAN FOODS CO., LTD, SOTEXPRO SA, THE SCOULAR COMPANY, NATURZ ORGANICS, FENCHEM, GLANBIA PLC and WORLD FOOD PROCESSING (WFP), amongst others.

    Reasons to Purchase this Report

    • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
    • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
    • Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
    • Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
    • Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
    • Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
    • 3 months analyst support along with the Market Estimate sheet (in excel).

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