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Latin America Pea Proteins Market

Latin America Pea Proteins Market By Product (Isolates, Concentrates, Textured, Hydrolysates); By Application (Food & Beverages, Meat Substitutes, Bakery Goods, Dietary Supplements, Beverages, Others, Personal Care & Cosmetics, Animal Feed, Others); By Form (Dry, Wet); By Source (Yellow Split Peas, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Latin America Pea Proteins Market Size 2024	USD 122.89 million
Latin America Pea Proteins Market, CAGR	11.21%
Latin America Pea Proteins Market Size 2032	USD 287.58 million

Market Overview:

The Latin America Pea Proteins Market is projected to grow from USD 122.89 million in 2024 to an estimated USD 287.58 million by 2032, with a compound annual growth rate (CAGR) of 11.21% from 2024 to 2032.

The growth of the Latin American pea protein market is primarily driven by shifting consumer preferences towards healthier and more sustainable dietary choices. Health-conscious individuals are increasingly turning to plant-based proteins, such as pea protein, due to their nutritional benefits, including high amino acid content and allergen-free properties. Moreover, the environmental impact of traditional animal farming is pushing consumers towards plant-based alternatives, which are more sustainable and eco-friendly. This trend is further supported by a wave of innovation within the food and beverage industry, where pea protein is being incorporated into a wide range of products, from meat substitutes to dairy alternatives. Additionally, the growing fitness and sports nutrition sector in Latin America is contributing to the demand for plant-based protein supplements, as athletes and fitness enthusiasts seek high-quality, plant-derived protein sources.

Regionally, Brazil leads the market due to its large consumer base, growing urban population, and increasing awareness of plant-based diets. As the largest economy in Latin America, Brazil is seeing a rise in demand for nutritious and sustainable food options, creating vast opportunities for pea protein adoption. Mexico is another key player, benefiting from its proximity to the U.S. and a strong food processing industry, facilitating distribution across North America. While Argentina and Chile’s markets are smaller, they are steadily gaining traction due to rising consumer interest in plant-based diets. The rest of Latin America, including countries like Colombia and Peru, is also experiencing growth, driven by urbanization, higher disposable incomes, and exposure to global food trends. As consumer demand for plant-based products continues to rise, these regions present significant opportunities for market expansion.

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Market Insights:

The Latin American pea protein market is expected to grow from USD 122.89 million in 2024 to USD 287.58 million by 2032, with a CAGR of 11.21%.
Growing consumer preferences for healthier, plant-based diets, driven by the health benefits of pea protein, are significantly influencing the market.
Environmental sustainability concerns are pushing more consumers toward pea protein as a sustainable and eco-friendly alternative to animal-based proteins.
Innovations in the food and beverage sector, including meat substitutes and dairy alternatives, are expanding the application of pea protein.
The increasing popularity of fitness and sports nutrition in Latin America is contributing to the rising demand for plant-based protein supplements.
Brazil leads the region due to its large urban population and increased awareness of plant-based diets, making it a significant market player.
The market faces challenges, including high production costs, limited consumer awareness, supply chain issues, and regulatory hurdles, which may slow growth.

Report scope

This reports segments are Latin America Pea Proteins Market as follow

Market Drivers:

Rising Health Consciousness

One of the primary drivers of the Latin American pea protein market is the growing consumer awareness regarding health and nutrition. As more individuals embrace healthier lifestyles, they are increasingly opting for plant-based proteins due to their perceived health benefits. Pea protein, known for being rich in essential amino acids and low in fat, is gaining popularity among those seeking to reduce their intake of animal-based products. For instance, Merit uses proprietary extraction and filtration technology to produce high purity pea protein ingredients with pleasing flavour and smooth texture. Its digestibility and hypoallergenic properties make it an attractive option for individuals with dietary restrictions, such as lactose intolerance or gluten sensitivity. This shift towards healthier dietary habits is fueling the demand for plant-based alternatives, including pea protein, across Latin America.

Environmental Sustainability Concerns

Environmental sustainability is another critical factor driving the demand for pea protein in the region. With growing awareness of the environmental impact of traditional livestock farming, many consumers are actively seeking plant-based food sources that have a lower carbon footprint. Pea protein production is far more resource-efficient compared to animal protein production, requiring less land, water, and energy. Additionally, it produces fewer greenhouse gas emissions, making it an appealing choice for environmentally conscious consumers. For instance, German manufacturers like Nordzucker AG are investing heavily over €100 million in sustainable yellow pea processing facilities to support local production and reduce dependency on imports. As concerns about climate change intensify, the trend toward sustainable, plant-based foods is expected to continue driving the growth of the pea protein market in Latin America.

Innovation in Food and Beverage Products

The innovation and diversification of food and beverage products incorporating pea protein are significant market drivers in Latin America. The region has seen a surge in the development of new products, such as plant-based meat substitutes, dairy alternatives, protein-enriched snacks, and functional foods, all of which contain pea protein. For instance, companies like Axiom Foods have expanded production using patented processes to create better-tasting pea proteins for plant-based foods. These innovations cater to a wide range of consumers, including vegetarians, vegans, and flexitarians, who are looking for nutritious and convenient plant-based alternatives. As food manufacturers continue to explore new applications for pea protein in various product categories, the market for pea protein is expanding, offering consumers more choices and contributing to the overall growth of the market.

Growth in Fitness and Sports Nutrition

The increasing popularity of fitness and sports activities in Latin America is driving demand for protein supplements, including those made from plant-based sources like pea protein. Athletes and fitness enthusiasts are increasingly turning to plant-based proteins due to their clean label appeal and superior amino acid profile. Pea protein, being highly digestible and rich in branched-chain amino acids (BCAAs), is an attractive option for individuals looking to support muscle recovery and overall fitness goals. As the fitness culture continues to grow in Latin America, the demand for high-quality, plant-derived protein products is expected to rise, further boosting the growth of the pea protein market in the region.

Market Trends:

Product Innovation and Diversification

The Latin American pea protein market is experiencing significant growth, this expansion is largely driven by a surge in product innovation and diversification within the food and beverage sector. Manufacturers are increasingly incorporating pea protein into a variety of products, including meat substitutes, dairy alternatives, and protein-enriched snacks, catering to the evolving preferences of health-conscious consumers. For instance, pea protein’s functional properties and its fractions’ ability to form soft gels help develop and produce dairy analog drinks, fermented products, and curd. This trend not only meets the demand for plant-based options but also enhances the functional properties of food items, such as emulsification and solubility.

Regional Market Leadership

Brazil stands out as a dominant force in the Latin American pea protein market. The country’s robust economy, coupled with a growing middle class and heightened health awareness, has led to a substantial increase in demand for plant-based proteins. Brazil’s extensive agricultural infrastructure facilitates the large-scale production of peas, positioning it as a key supplier in the region. This dominance is further supported by the country’s favorable climatic conditions, which are conducive to pea cultivation, ensuring a steady supply to meet both domestic and international demands.

Technological Advancements in Processing

Advancements in processing technologies have significantly enhanced the quality and functionality of pea protein isolates. For instance, innovations such as improved wet and dry processing methods have led to products with higher protein content and better solubility, making them more suitable for a wide range of applications. These technological improvements have expanded the versatility of pea protein, allowing its use in various food and beverage formulations, including energy drinks and meat analogs. As processing techniques continue to evolve, the appeal of pea protein is expected to grow, attracting a broader consumer base seeking nutritious and functional food options.

Expansion of Plant-Based Diets

There is a notable shift towards plant-based diets in Latin America, influenced by both health considerations and environmental awareness. This dietary transition is contributing to the increased demand for plant-based proteins, with pea protein being a prominent choice due to its nutritional profile and functional benefits. The rise of vegetarian and flexitarian lifestyles in the region is fostering a market environment conducive to the growth of pea protein products. As consumers become more conscious of the environmental impact of their food choices, the preference for sustainable and ethical protein sources like peas is expected to drive further market expansion.

Market Challenges Analysis:

High Production Costs

One of the primary challenges facing the Latin American pea protein market is the relatively high cost of production. While pea protein is considered a sustainable alternative to animal-based proteins, the cost of cultivating and processing peas can be higher compared to other plant-based proteins such as soy. The processing techniques required to isolate high-quality pea protein also involve advanced technology, which can increase production costs. These higher costs often result in higher retail prices for pea protein products, which can limit their accessibility to price-sensitive consumers in Latin America.

Limited Awareness and Market Penetration

Although plant-based diets are gaining traction in Latin America, there remains limited awareness regarding the nutritional benefits of pea protein in certain regions. While countries like Brazil and Mexico are seeing growth in plant-based protein demand, the overall market penetration of pea protein remains relatively low compared to more established markets like North America and Europe. Many consumers in Latin America are still unfamiliar with pea protein and may prefer traditional protein sources, such as animal-based products or soy. This lack of awareness presents a challenge for manufacturers aiming to expand their customer base in the region.

Supply Chain and Infrastructure Challenges

The Latin American pea protein market also faces logistical challenges related to the supply chain and infrastructure. Although some countries, particularly Brazil, have favorable conditions for pea cultivation, others lack the infrastructure needed to support large-scale pea production. This can lead to supply shortages, delays, and higher transportation costs. Furthermore, a lack of efficient processing facilities in some areas limits the ability to scale up production, which may hinder market growth and impact the availability of pea protein products.

Regulatory Hurdles

The regulatory landscape in Latin America can also present challenges for pea protein market growth. Different countries in the region have varying standards for food labeling, safety, and certification. For instance, Argentina focuses on sustainability certifications for agricultural goods. These inconsistencies can create barriers for manufacturers looking to distribute pea protein products across multiple Latin American countries, requiring them to navigate complex regulatory frameworks. This can result in delays and added costs for companies seeking to expand their presence in the region.

Market Opportunities:

The Latin American pea protein market presents significant growth opportunities, driven by a combination of health trends, market diversification, and regional leadership. A growing consumer shift towards health and wellness is evident in Latin America, with a notable increase in demand for plant-based proteins. Pea protein, known for its high nutritional value, digestibility, and allergen-free nature, aligns well with this trend. This shift is particularly pronounced among younger consumers seeking functional foods that support a vegan or flexitarian lifestyle.

Manufacturers in the region are actively diversifying their product portfolios by incorporating pea protein into various applications, including meat substitutes, dairy alternatives, and protein-enriched snacks. This innovation caters to the evolving preferences of health-conscious consumers and expands the market potential of pea protein. The versatility of pea protein allows it to be used in a wide range of products, enhancing its appeal across different consumer segments. Brazil stands out as a leader in the Latin American pea protein market, attributed to its substantial consumer base and diverse food industry. The country’s favorable climatic conditions and agricultural infrastructure support large-scale pea cultivation, ensuring a steady supply of raw materials for pea protein production. This positions Brazil as a key player in meeting both domestic and international demand for pea protein

Market Segmentation Analysis:

The Latin America pea protein market is segmented based on product type, application, form, and source, each contributing to the market’s growth in distinct ways.

By Product Segment:
The pea protein market is divided into isolates, concentrates, textured, and hydrolysates. Isolates dominate the market due to their high protein content and versatility in various applications, particularly in food and beverages. Concentrates are also widely used due to their cost-effectiveness and functional properties in products like snacks and protein bars. Textured pea proteins are growing in popularity for use in meat substitutes, while hydrolysates are gaining traction in dietary supplements and functional foods due to their easy digestibility and bioavailability.

By Application Segment:
The food and beverage sector is the largest application segment, with meat substitutes, bakery goods, dietary supplements, and beverages being key areas of demand. As plant-based diets become more mainstream, the demand for pea protein in meat substitutes and other food products is expanding rapidly. The personal care and cosmetics industry is also seeing an increase in pea protein utilization, particularly for skin and hair care products. Animal feed is another important application, driven by the growing need for sustainable protein sources in livestock nutrition.

By Form Segment:
Pea proteins are available in dry and wet forms, with dry pea protein being more widely used due to its longer shelf life and ease of transportation.

By Source Segment:
Yellow split peas are the primary source of pea protein in the region, benefiting from their availability and high protein content, though other pea varieties also contribute to market growth.

Segmentation:

By Product Segment:

Isolates
Concentrates
Textured
Hydrolysates

By Application Segment:

Food & Beverages
- Meat substitutes
- Bakery goods
- Dietary supplements
- Beverages
- Others
Personal Care & Cosmetics
Animal Feed
Others

By Form Segment:

By Source Segment:

Yellow Split Peas
others

Regional Analysis:

The Latin American pea protein market is experiencing notable growth, propelled by increasing consumer demand for plant-based protein sources and the region’s expanding food processing industry.

Brazil

As the largest economy in Latin America, Brazil plays a pivotal role in the pea protein market. The country’s vast agricultural resources and favorable climate conditions support significant pea cultivation. Brazil’s substantial consumer base and growing health-conscious population further drive the demand for plant-based proteins. While exact market share percentages are not specified, Brazil’s dominance in production and consumption positions it as a key player in the region.

Mexico

Mexico also contributes significantly to the Latin American pea protein market. The country’s proximity to the United States facilitates trade and influences dietary trends, including the adoption of plant-based proteins. Mexico’s market is characterized by a rising interest in vegan and vegetarian diets, which supports the demand for pea protein products. Specific market share figures are not detailed, but Mexico’s role as a major consumer and producer is acknowledged.

Argentina

Argentina leads pea production in South America, accounting for over 34.8% of the region’s dry pea cultivation. In 2023, the country produced approximately 59,813 metric tons of peas. This substantial production capacity positions Argentina as a key supplier of peas for protein extraction, influencing both regional and global markets.

Chile and Rest of Latin America

Chile, along with other Latin American countries, contributes to the diversity and growth of the pea protein market. While specific production figures may be lower compared to Brazil and Argentina, these countries are experiencing a gradual increase in pea protein consumption, driven by changing dietary preferences and the availability of plant-based products.

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Key Player Analysis:

Axiom Foods
Cosucra-Groupe Warcoing
Roquette Freres
Sotexpro SA
The Scoular Company

Competitive Analysis:

The Latin American pea protein market is highly competitive, with key players focusing on product innovation, strategic partnerships, and regional expansion to strengthen their market position. Major global and regional companies are competing in this space, including Ingredion Incorporated, Roquette Frères, and Cargill, which are investing heavily in research and development to enhance the functionality and nutritional profile of pea protein. These companies are also expanding their production capacities in Latin America, leveraging the region’s favorable agricultural conditions and growing demand for plant-based proteins. Additionally, smaller regional players are carving out niches by catering to local preferences and providing customized solutions for the food and beverage industry. As consumer awareness of plant-based diets increases, competition is expected to intensify, driving the development of new products and increasing the availability of pea protein-based foods across diverse market segments in Latin America.

Recent Developments:

In July 2024, Ingredion launched VITESSENCE® Pea 200 D, a new pea protein isolate developed specifically for ready-to-mix beverages. This product offers improved dispersibility and a neutral flavor profile, addressing challenges often faced in nutritional beverage applications.
In December 2024, Burcon NutraScience announced the launch of its next-generation Peazazz®C pea protein, designed for the growing plant-based protein market. This high-purity protein isolate boasts over 90% protein purity, low sodium content, and an exceptional taste profile.
In November 2024, Axiom Foods expanded the production of its Vegotein N pea protein to North American facilities, including Mexico. The company aims to process over 2,000 metric tons annually by January 2025, with plans to double capacity within 12 months.

Market Concentration & Characteristics:

The Latin American pea protein market is characterized by a fragmented competitive landscape, with numerous global and regional players striving for market share. Key companies include Glanbia Plc, Roquette Frères, Fenchem, Cosucra-Groupe Warcoing, Puris Foods, The Scoular Company, Sotexpro SA, Döhler Group, NutraBlend Foods, Cargill, and BASF SE. These companies engage in various strategies such as acquisitions, expansions, and new product launches to enhance their market presence. For instance, Ingredion Incorporated invested USD 160 million through 2024 to expand and localize production capacity, aiming to meet the increasing demand for specialty starches in food and beverages. Despite the presence of these key players, the market remains open to new entrants due to its growth potential and the increasing consumer shift towards plant-based proteins

Report Coverage:

The research report offers an in-depth analysis based on By Product Segment, By Application Segment, By Form Segment and By Source Segment. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The Latin American pea protein market is expected to continue its growth as consumer demand for plant-based diets increases.
Market expansion will be driven by the rising popularity of plant-based proteins in countries like Brazil and Mexico.
Continued product innovation will introduce a variety of pea protein-based products, including meat substitutes and dairy alternatives.
The growing trend of fitness and sports nutrition will further boost the demand for plant-based protein supplements.
Argentina’s strong pea production capacity will solidify its position as a key supplier in the regional market.
Brazil’s favorable climate and agricultural conditions will support greater local production of pea protein.
Environmental sustainability concerns will encourage more consumers to adopt pea protein as an eco-friendly protein alternative.
Strategic partnerships and acquisitions will enhance the market presence of key industry players and improve distribution.
Consumer education and awareness efforts will increase the adoption of pea protein in emerging markets.
Regulatory improvements related to food safety and labeling will foster greater consumer confidence and streamline market access.

CHAPTER NO. 1 : INTRODUCTION 19

1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.2. Key Benefits for Stakeholders 19

1.3. Target Audience 20

1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Latin America Pea Proteins Market Snapshot 21

2.2. Latin America Pea Proteins Market, 2018 – 2032 (Metric Tons) (USD Million) 23

2.3. Insights from Primary Respondents 24

CHAPTER NO. 3 : LATIN AMERICA PEA PROTEINS MARKET – INDUSTRY ANALYSIS 25

3.1. Introduction 25

3.2. Market Drivers 26

3.3. Rising Cases of Obesity as Well as Increasing Public Awareness 26

3.4. Rise in Social Media Marketing 27

3.5. Market Restraints 28

3.6. Availability of Low-Cost Substitutes 28

3.7. Market Opportunities 29

3.8. Market Opportunity Analysis 29

3.9. Porter’s Five Forces Analysis 30

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 31

4.1. Company Market Share Analysis – 2023 31

4.1.1. Latin America Pea Proteins Market: Company Market Share, by Volume, 2023 31

4.1.2. Latin America Pea Proteins Market: Company Market Share, by Revenue, 2023 32

4.1.3. Latin America Pea Proteins Market: Top 6 Company Market Share, by Revenue, 2023 32

4.1.4. Latin America Pea Proteins Market: Top 3 Company Market Share, by Revenue, 2023 33

4.2. Latin America Pea Proteins Market Company Volume Market Share, 2023 34

4.3. Latin America Pea Proteins Market Company Revenue Market Share, 2023 35

4.4. Company Assessment Metrics, 2023 36

4.4.1. Stars 36

4.4.2. Emerging Leaders 36

4.4.3. Pervasive Players 36

4.4.4. Participants 36

4.5. Start-ups /SMEs Assessment Metrics, 2023 36

4.5.1. Progressive Companies 36

4.5.2. Responsive Companies 36

4.5.3. Dynamic Companies 36

4.5.4. Starting Blocks 36

4.6. Strategic Developments 37

4.6.1. Acquisitions & Mergers 37

New Product Launch 37

Regional Expansion 37

4.7. Key Players Product Matrix 38

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 39

5.1. PESTEL 39

5.1.1. Political Factors 39

5.1.2. Economic Factors 39

5.1.3. Social Factors 39

5.1.4. Technological Factors 39

5.1.5. Environmental Factors 39

5.1.6. Legal Factors 39

5.2. Adjacent Market Analysis 39

CHAPTER NO. 6 : LATIN AMERICA PEA PROTEINS MARKET – BY PRODUCT SEGMENT ANALYSIS 40

6.1. Latin America Pea Proteins Market Overview, by Product Segment 40

6.1.1. Latin America Pea Proteins Market Volume Share, By Product, 2023 & 2032 41

6.1.2. Latin America Pea Proteins Market Revenue Share, By Product, 2023 & 2032 41

6.1.3. Latin America Pea Proteins Market Attractiveness Analysis, By Product 42

6.1.4. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 42

6.1.5. Latin America Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 43

6.2. Isolates 44

6.3. Concentrates 45

6.4. Textured 46

6.5. Hydrolysates 47

CHAPTER NO. 7 : LATIN AMERICA PEA PROTEINS MARKET – BY APPLICATION SEGMENT ANALYSIS 48

7.1. Latin America Pea Proteins Market Overview, by Application Segment 48

7.1.1. Latin America Pea Proteins Market Volume Share, By Application, 2023 & 2032 49

7.1.2. Latin America Pea Proteins Market Revenue Share, By Application, 2023 & 2032 49

7.1.3. Latin America Pea Proteins Market Attractiveness Analysis, By Application 50

7.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 50

7.1.5. Latin America Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

7.2. Food & Beverages 52

7.2.1. Meat substitutes 53

7.2.2. Bakery goods 54

7.2.3. Dietary supplements 55

7.2.4. Beverages 56

7.2.5. Others 57

7.3. Personal Care & Cosmetics 58

7.4. Animal Feed 59

7.5. Others 60

CHAPTER NO. 8 : LATIN AMERICA PEA PROTEINS MARKET – BY FORM SEGMENT ANALYSIS 61

8.1. Latin America Pea Proteins Market Overview, by Form Segment 61

8.1.1. Latin America Pea Proteins Market Volume Share, By Form, 2023 & 2032 62

8.1.2. Latin America Pea Proteins Market Revenue Share, By Form, 2023 & 2032 62

8.1.3. Latin America Pea Proteins Market Attractiveness Analysis, By Form 63

8.1.4. Incremental Revenue Growth Opportunity, by Form, 2024 – 2032 63

8.1.5. Latin America Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 64

8.2. Dry 65

8.3. Wet 66

CHAPTER NO. 9 : LATIN AMERICA PEA PROTEINS MARKET – BY SOURCE SEGMENT ANALYSIS 67

9.1. Latin America Pea Proteins Market Overview, by Source Segment 67

9.1.1. Latin America Pea Proteins Market Volume Share, By Source, 2023 & 2032 68

9.1.2. Latin America Pea Proteins Market Revenue Share, By Source, 2023 & 2032 68

9.1.3. Latin America Pea Proteins Market Attractiveness Analysis, By Source 69

9.1.4. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 69

9.1.5. Latin America Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 70

9.2. Yellow Split Peas 71

9.3. Others 72

CHAPTER NO. 10 : PEA PROTEINS MARKET – LATIN AMERICA 73

10.1. Latin America 73

10.1.1. Key Highlights 73

10.1.2. Latin America Pea Proteins Market Volume, By Country, 2018 – 2032 (Metric Tons) 74

10.1.3. Latin America Pea Proteins Market Revenue, By Country, 2018 – 2023 (USD Million) 75

10.1.4. Latin America Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 76

10.1.5. Latin America Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 77

10.1.6. Latin America Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 78

10.1.7. Latin America Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 79

10.1.8. Latin America Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 80

10.1.9. Latin America Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 81

10.1.10. Latin America Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 82

10.1.11. Latin America Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 83

10.2. Brazil 84

10.3. Argentina 84

10.4. Peru 84

10.5. Chile 84

10.6. Colombia 84

10.7. Rest of Latin America 84

CHAPTER NO. 11 : COMPANY PROFILES 85

11.1. Axiom Foods 85

11.1.1. Company Overview 85

11.1.2. Product Portfolio 85

11.1.3. Swot Analysis 85

11.1.4. Business Strategy 85

11.1.5. Financial Overview 86

11.2. Cosucra-Groupe Warcoing 87

11.3. Roquette Freres 87

11.4. Sotexpro SA 87

11.5. The Scoular Company 87

11.6. Company 6 87

11.7. Company 7 87

11.8. Company 8 87

11.9. Company 9 87

11.10. Company 10 87

11.11. Company 11 87

11.12. Company 12 87

11.13. Company 13 87

11.14. Company 14 87

List of Figures

FIG NO. 1. Latin America Pea Proteins Market Volume & Revenue, 2018 – 2032 (Metric Tons) (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Latin America Pea Proteins Market 30

FIG NO. 3. Company Share Analysis, 2023 31

FIG NO. 4. Company Share Analysis, 2023 32

FIG NO. 5. Company Share Analysis, 2023 32

FIG NO. 6. Company Share Analysis, 2023 33

FIG NO. 7. Latin America Pea Proteins Market – Company Volume Market Share, 2023 34

FIG NO. 8. Latin America Pea Proteins Market – Company Revenue Market Share, 2023 35

FIG NO. 9. Latin America Pea Proteins Market Volume Share, By Product, 2023 & 2032 41

FIG NO. 10. Latin America Pea Proteins Market Revenue Share, By Product, 2023 & 2032 41

FIG NO. 11. Market Attractiveness Analysis, By Product 42

FIG NO. 12. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 42

FIG NO. 13. Latin America Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 43

FIG NO. 14. Latin America Pea Proteins Market for Isolates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 44

FIG NO. 15. Latin America Pea Proteins Market for Concentrates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 45

FIG NO. 16. Latin America Pea Proteins Market for Textured, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 46

FIG NO. 17. Latin America Pea Proteins Market for Hydrolysates, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 47

FIG NO. 18. Latin America Pea Proteins Market Volume Share, By Application, 2023 & 2032 49

FIG NO. 19. Latin America Pea Proteins Market Revenue Share, By Application, 2023 & 2032 49

FIG NO. 20. Market Attractiveness Analysis, By Application 50

FIG NO. 21. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 50

FIG NO. 22. Latin America Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

FIG NO. 23. Latin America Pea Proteins Market for Food & Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 52

FIG NO. 24. Latin America Pea Proteins Market for Meat substitutes, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 53

FIG NO. 25. Latin America Pea Proteins Market for Bakery goods, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 54

FIG NO. 26. Latin America Pea Proteins Market for Dietary supplements, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 55

FIG NO. 27. Latin America Pea Proteins Market for Beverages, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 56

FIG NO. 28. Latin America Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 57

FIG NO. 29. Latin America Pea Proteins Market for Personal Care & Cosmetics, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 58

FIG NO. 30. Latin America Pea Proteins Market for Animal Feed, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 59

FIG NO. 31. Latin America Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 60

FIG NO. 32. Latin America Pea Proteins Market Volume Share, By Form, 2023 & 2032 62

FIG NO. 33. Latin America Pea Proteins Market Revenue Share, By Form, 2023 & 2032 62

FIG NO. 34. Market Attractiveness Analysis, By Form 63

FIG NO. 35. Incremental Revenue Growth Opportunity by Form, 2024 – 2032 63

FIG NO. 36. Latin America Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 64

FIG NO. 37. Latin America Pea Proteins Market for Dry, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 65

FIG NO. 38. Latin America Pea Proteins Market for Wet, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 66

FIG NO. 39. Latin America Pea Proteins Market Volume Share, By Source, 2023 & 2032 68

FIG NO. 40. Latin America Pea Proteins Market Revenue Share, By Source, 2023 & 2032 68

FIG NO. 41. Market Attractiveness Analysis, By Source 69

FIG NO. 42. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 69

FIG NO. 43. Latin America Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 70

FIG NO. 44. Latin America Pea Proteins Market for Yellow Split Peas, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 71

FIG NO. 45. Latin America Pea Proteins Market for Others, Volume & Revenue (Metric Tons) (USD Million) 2018 – 2032 72

FIG NO. 46. Latin America Pea Proteins Market Volume & Revenue, 2018 – 2032 (Metric Tons) (USD Million) 73

List of Tables

TABLE NO. 1. : Latin America Pea Proteins Market: Snapshot 21

TABLE NO. 2. : Drivers for the Latin America Pea Proteins Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Latin America Pea Proteins Market: Impact Analysis 28

TABLE NO. 4. : Latin America Pea Proteins Market Volume, By Country, 2018 – 2023 (Metric Tons) 74

TABLE NO. 5. : Latin America Pea Proteins Market Volume, By Country, 2024 – 2032 (Metric Tons) 74

TABLE NO. 6. : Latin America Pea Proteins Market Revenue, By Country, 2018 – 2023 (USD Million) 75

TABLE NO. 7. : Latin America Pea Proteins Market Revenue, By Country, 2024 – 2032 (USD Million) 75

TABLE NO. 8. : Latin America Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 76

TABLE NO. 9. : Latin America Pea Proteins Market Volume, By Product, 2024 – 2032 (Metric Tons) 76

TABLE NO. 10. : Latin America Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 77

TABLE NO. 11. : Latin America Pea Proteins Market Revenue, By Product, 2024 – 2032 (USD Million) 77

TABLE NO. 12. : Latin America Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 78

TABLE NO. 13. : Latin America Pea Proteins Market Volume, By Application, 2024 – 2032 (Metric Tons) 78

TABLE NO. 14. : Latin America Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 79

TABLE NO. 15. : Latin America Pea Proteins Market Revenue, By Application, 2024 – 2032 (USD Million) 79

TABLE NO. 16. : Latin America Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 80

TABLE NO. 17. : Latin America Pea Proteins Market Volume, By Form, 2024 – 2032 (Metric Tons) 80

TABLE NO. 18. : Latin America Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 81

TABLE NO. 19. : Latin America Pea Proteins Market Revenue, By Form, 2024 – 2032 (USD Million) 81

TABLE NO. 20. : Latin America Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 82

TABLE NO. 21. : Latin America Pea Proteins Market Volume, By Source, 2024 – 2032 (Metric Tons) 82

TABLE NO. 22. : Latin America Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 83

TABLE NO. 23. : Latin America Pea Proteins Market Revenue, By Source, 2024 – 2032 (USD Million) 83

Frequently Asked Questions

What is the current size of the Latin America Pea Proteins Market?

The Latin American pea proteins market is projected to grow from USD 122.89 million in 2024 to an estimated USD 287.58 million by 2032, with a compound annual growth rate (CAGR) of 11.21% from 2024 to 2032.

What factors are driving the growth of the Latin America Pea Proteins Market?

The growth is driven by shifting consumer preferences toward healthier, more sustainable diets, the nutritional benefits of pea protein, its allergen-free properties, and growing environmental concerns. Additionally, the rise of fitness and sports nutrition is fueling the demand for plant-based protein supplements.

What are some challenges faced by the Latin America Pea Proteins Market?

Challenges include high production costs, limited awareness of pea protein benefits, inconsistent market penetration across regions, and supply chain issues related to processing and distribution infrastructure.

Who are the major players in the Latin America Pea Proteins Market?

Major players include Ingredion, Roquette Frères, Cargill, and other global companies investing in production and innovation to meet the growing demand for plant-based proteins in the region.

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