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).
Key Market Trends
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.
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
Competitive Landscape
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
Reasons to Purchase this report:
This product will be delivered within 2 business days.
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).
Key Market Trends
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.
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
Competitive Landscape
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
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Axiom Foods
- Cosucra-Groupe Warcoing
- Roquette Freres
- Sotexpro SA
- The Scoular Company
- Fenchem
- Glanbia Plc
- Puris Foods
Methodology
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