Mexico Pea Derivatives Market Size & Outlook, 2022-2030
Mexico pea derivatives market, 2017-2030 (US$M)
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Mexico pea derivatives market highlights
- The Mexico pea derivatives market generated a revenue of USD 60.8 million in 2022 and is expected to reach USD 139.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11% 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.
Pea derivatives market data book summary
| Market revenue in 2022 | USD 60.8 million |
| Market revenue in 2030 | USD 139.7 million |
| Growth rate | 11% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Pea Protein |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 2.1% of the global pea derivatives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pea derivatives market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,718.9 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 66.12% in 2022. Horizon Databook has segmented the Mexico pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
The food processing sector in Mexico is expected to see an increase in production due to the growing number of imports for machinery. There will be an increase in the production of baked goods and processed meats, thereby creating opportunities for the use of pea protein as a texturizing agent in these products over the forecast period.
Pea protein is used as an ingredient in bakery and meat products due to its functional properties, such as its ability to improve the texture and mouthfeel of food products. As the output of the food processing sector in Mexico continues to rise, there will be a growing demand for pea protein as a cost-effective and sustainable alternative to other texturizing agents.
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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 country-level data and insights on the Mexico pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pea derivatives market size, by type, 2017-2030 (US$M)
Mexico Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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