The economy of Brazil is one of the strongest and fastest developing in South America. The pea protein market in Brazil is in introduction phase compared to other protein industries such as soy and whey. However, increasing awareness about pea protein particularly among the vegan and vegetarian population is expected to boost the market value in coming years. The market revenue of pea protein in Brazil is projected to grow at a CAGR of around 8.0% during the period of forecast.
The trend of attending gym and fitness clubs among the young Brazilians has grown rapidly in past few years. Issues such as environmental concerns, animal slaughtering and health concerns such as obesity have increased the demand of plant-based protein in the country. The awareness about the pea protein is relatively low compared to soy protein, however increasing advertisements of pea protein across social media and experts appraisal about the health benefits of pea protein, will drive the demand of pea protein in coming years.
Most of the global pea protein producers have entered in Brazil to capture opportunities in local market and establish a hub to supply in South America region. Pea producing companies are increasingly investing to expand their production capacity and their product portfolio considering the needs and requirements of the population in South America. The pea protein application across food industry represents around 36% market share. With increasing awareness about the pea protein and its health benefits over animal-based protein, the market revenue of pea protein application in dietary supplement industry is expected to grow at a fastest CAGR of around 8.4% during the forecast period. Animal feed, sports drinks and infant formula industry are the opportunity segment in the market.
Key Deliverables:
The trend of attending gym and fitness clubs among the young Brazilians has grown rapidly in past few years. Issues such as environmental concerns, animal slaughtering and health concerns such as obesity have increased the demand of plant-based protein in the country. The awareness about the pea protein is relatively low compared to soy protein, however increasing advertisements of pea protein across social media and experts appraisal about the health benefits of pea protein, will drive the demand of pea protein in coming years.
Most of the global pea protein producers have entered in Brazil to capture opportunities in local market and establish a hub to supply in South America region. Pea producing companies are increasingly investing to expand their production capacity and their product portfolio considering the needs and requirements of the population in South America. The pea protein application across food industry represents around 36% market share. With increasing awareness about the pea protein and its health benefits over animal-based protein, the market revenue of pea protein application in dietary supplement industry is expected to grow at a fastest CAGR of around 8.4% during the forecast period. Animal feed, sports drinks and infant formula industry are the opportunity segment in the market.
Key Deliverables:
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Companies Mentioned
- Burcon Nutrascience Corporation
- Shandong Jianyuan Group
- The Scoular Company
- Axiom Foods
- Farbest Brands
- Fenchem Inc
- Roquette Frerers
- Sotexpro S.A.
- Yantai Oriental Protein Tech Co., Ltd
- Cosucra Groupe Warcoing S.A.
- Hill Pharma Inc
- Ingredion Inc
- Kerry Inc
- Prinova Group LLC
- Puris, LLC
