Latin America Pea Derivatives Market Size & Outlook
Latin America pea derivatives market, 2017-2030 (US$M)
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Latin America pea derivatives market highlights
- The Latin America pea derivatives market generated a revenue of USD 226.2 million in 2022.
- The market is expected to grow at a CAGR of 9.5% from 2023 to 2030.
- In terms of segment, pea protein was the largest revenue generating type in 2022.
- Pea Protein is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 226.2 million |
| Market revenue in 2030 | USD 466.6 million |
| Growth rate | 9.5% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Pea Protein |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pea Protein, Pea Starch, Pea Fiber |
| Key market players worldwide | International Flavors & Fragrances Inc, NutriPea, Cosucra, Roquette America, Puris, Burcon NutraScience Corp, Sotexpro, The Scoular Company, Fenchem, The Green Labs |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global pea derivatives market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,092.0 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America pea derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pea derivatives market will help companies and investors design strategic landscapes.
Pea protein was the largest segment with a revenue share of 67.24% in 2022. Horizon Databook has segmented the Latin America pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
A rise in domestic production and consumption of peas and growing interest in plant-based foods drive demand for pea derivatives. The region is one of the major producers of peas worldwide. The growing demand for pea-derived ingredients such as protein and starch has improved the growth prospects for pea producing countries such as Peru and Argentina.
In addition, innovations in pea-derived ingredients by plant-based meat companies are fueling market growth. For instance, Brazil-based Grupo Mantiqueira offers a plant-based egg product, N.Ovo, sourced from pea starch, linseed, and pea protein.
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Target buyers of Latin America pea derivatives market databook
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Our clientele includes a mix of pea derivatives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pea derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pea derivatives market size, by country, 2017-2030 (US$M)
Latin America Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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