Middle East & Africa Pea Derivatives Market Size & Outlook
Middle East & Africa pea derivatives market, 2017-2030 (US$M)
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MEA pea derivatives market highlights
- The MEA pea derivatives market generated a revenue of USD 139.0 million in 2022.
- The market is expected to grow at a CAGR of 7.3% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 139.0 million |
| Market revenue in 2030 | USD 244.3 million |
| Growth rate | 7.3% (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, MEA region accounted for 4.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 67.34% in 2022. Horizon Databook has segmented the Middle East & Africa pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
Population growth, urbanization, and rising disposable income have played a crucial role in driving the food & beverage industry in the Middle East and Africa region. As a result, the demand for nutritional food ingredients, such as pea derivatives, is likely to increase in the near future.
The demand for pea derivatives can also be attributed to government initiatives to expand domestic manufacturing in the food and beverage industry. Many countries in the region are striving to reduce their reliance on the domestic upstream sector and are promoting foreign investments to boost manufacturing output.
This has resulted in policies that incentivize foreign investors to establish manufacturing plants and expand their regional operations. These positive government initiatives are expected to benefit the MEA pea derivatives market in the coming years, as they will increase the availability of pea derivatives for use in the food and beverage industry.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pea derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pea derivatives market size, by country, 2017-2030 (US$M)
Middle East & Africa Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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