South Africa Pea Derivatives Market Size & Outlook
South Africa pea derivatives market, 2017-2030 (US$M)
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South Africa pea derivatives market highlights
- The South Africa pea derivatives market generated a revenue of USD 41.3 million in 2022 and is expected to reach USD 76.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.1% 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 41.3 million |
| Market revenue in 2030 | USD 76.8 million |
| Growth rate | 8.1% (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, South Africa accounted for 1.4% 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 Middle East & Africa, South Africa pea derivatives market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 76.8 million by 2030.
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Pea Derivatives Market Scope
Pea Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 67.31% in 2022. Horizon Databook has segmented the South Africa pea derivatives market based on pea protein, pea starch, pea fiber covering the revenue growth of each sub-segment from 2017 to 2030.
The country has a significant presence of prominent meat alternative manufacturers like California based Beyond Meat and Impossible Foods that use pea ingredients. These companies are introducing various meatless products to attract consumers or create traction around plant-based products.
Increasing consumer interest in such products, owing to health and sustainability concerns, is expected to drive the demand for pea protein and pea fiber. These ingredients are used as texturizing and protein additives in alternative meat products.
As more people limit the consumption of whole meals in South Africa, consumers are increasingly relying on supplements to fulfill their nutritional requirements. As a result, the demand for dietary supplements and nutritious snacks has grown significantly in the past few years.
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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 South Africa pea derivatives market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pea derivatives market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pea derivatives market size, by type, 2017-2030 (US$M)
South Africa Pea Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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