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Mexico Pea Proteins Market

Mexico Pea Proteins Market 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 (Dry, Wet); By Source Segment (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
Mexico Pea Proteins Market Size 2024	USD 46.51 million
Mexico Pea Proteins Market, CAGR	10.45%
Mexico Pea Proteins Market Size 2032	USD 103.01 million

Market Overview:

The Mexico Pea Proteins Market is projected to grow from USD 46.51 million in 2024 to an estimated USD 103.01 million by 2032, with a compound annual growth rate (CAGR) of 10.45% from 2024 to 2032.

Several factors are driving the expansion of the pea protein market in Mexico. A notable driver is the increasing consumer shift towards plant-based diets, motivated by health consciousness, environmental sustainability, and ethical considerations. Pea protein, being hypoallergenic and rich in essential amino acids, appeals to health-aware consumers seeking nutritious alternatives to animal-based proteins. As people become more informed about the benefits of plant-based diets, the demand for sustainable and allergen-friendly proteins continues to rise. Additionally, advancements in food technology have enhanced the taste, texture, and functionality of pea protein, broadening its applications in various food products. These innovations have led to its incorporation in meat substitutes, dairy alternatives, and functional foods, further fueling market growth. Moreover, the ability of pea protein to seamlessly blend into diverse food formulations has made it an increasingly popular choice for both consumers and manufacturers.

Regionally, Mexico plays a pivotal role in the Latin American pea protein market. Mexico’s dominance in this market is attributed to its substantial consumer base and a growing inclination towards plant-based protein sources. The country’s expanding food and beverage industry, coupled with increasing health awareness among consumers, presents lucrative opportunities for pea protein manufacturers. Furthermore, the increasing availability of plant-based products in mainstream retail outlets has bolstered the adoption of pea protein-based products. The demand for sustainable protein sources is expected to increase significantly, supported by the rise of vegan and vegetarian lifestyles, making Mexico a key player in the Latin American market. As this trend continues, the country’s pea protein market is set to experience further expansion in both urban and rural areas.

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Market Insights:

The Mexico Pea Proteins Market is projected to grow from USD 46.51 million in 2024 to USD 103.01 million by 2032, with a CAGR of 10.45%, reflecting a strong market expansion.
A growing consumer shift towards plant-based diets, driven by health consciousness, environmental concerns, and ethical considerations, is a primary factor supporting market growth.
Pea protein is gaining popularity due to its hypoallergenic properties and nutritional profile, appealing to health-conscious individuals looking for alternatives to animal-based proteins.
The expanding availability of plant-based food products, including meat substitutes, dairy alternatives, and functional foods, is broadening the applications of pea protein in the food and beverage sector.
Mexico’s role as a key player in the Latin American market is reinforced by its substantial consumer base and increasing inclination toward plant-based protein sources.
Sustainability concerns are driving consumer demand for plant-based proteins like pea protein, which requires fewer resources compared to traditional animal-derived proteins.
Technological advancements in food processing are improving the taste, texture, and solubility of pea protein, making it more accessible and attractive to manufacturers and consumers alike.

Report scope

This reports segments are Mexico Pea Proteins Market as Follows;

Market Drivers:

Shift Towards Plant-Based Diets

One of the primary drivers of the Mexico pea protein market is the growing consumer preference for plant-based diets. Health-conscious consumers are increasingly shifting away from animal-based proteins due to concerns about cholesterol, saturated fats, and the environmental impact of livestock farming. The demand for plant-based protein alternatives has surged, driven by the awareness of the health benefits associated with plant-based eating patterns. Pea protein, being rich in essential amino acids, offers a compelling alternative to animal-derived protein sources, making it a popular choice among those seeking healthier dietary options. This trend is further supported by the expanding availability of plant-based food products across various sectors, including snacks, beverages, and meat substitutes.

Health and Wellness Trends

The rising emphasis on health and wellness among Mexican consumers is significantly contributing to the growth of the pea protein market. As individuals become more conscious of their nutritional intake, they are increasingly seeking products that are not only protein-rich but also beneficial for overall health. Pea protein fits this demand due to its hypoallergenic properties, making it suitable for individuals with common allergies to dairy, soy, or gluten. The growing awareness of the importance of maintaining a balanced diet, particularly in preventing chronic diseases such as diabetes, obesity, and cardiovascular conditions, further boosts the adoption of plant-based protein alternatives like pea protein. 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. Its high digestibility and nutrient profile further enhance its appeal to health-conscious consumers.

Sustainability Concerns

Environmental sustainability has emerged as a significant driver in the growth of the pea protein market in Mexico. With increasing concerns over climate change, water scarcity, and the carbon footprint associated with livestock farming, consumers and businesses alike are turning towards more sustainable sources of protein. Pea protein, as a plant-based protein, requires significantly fewer resources in terms of land, water, and energy compared to animal-derived proteins. This sustainable aspect of pea protein aligns with the growing trend toward environmentally responsible food choices. As awareness about the environmental impact of food production continues to rise, pea protein is positioned as a sustainable solution that meets both consumer and environmental needs.

Advancements in Food Technology

Advancements in food technology have played a crucial role in enhancing the functionality and appeal of pea protein in the Mexican market. As food manufacturers continue to improve the taste, texture, and solubility of pea protein, it has become an increasingly versatile ingredient in various food products. These innovations have led to pea protein being used in a wide range of applications, from plant-based meat and dairy alternatives to protein-enriched snacks and beverages. For instance, companies like Axiom Foods have expanded production using patented processes to create better-tasting pea proteins for plant-based foods. Moreover, the development of new processing techniques has made pea protein more cost-effective and accessible, which is driving its adoption among manufacturers. The continuous evolution of food technology ensures that pea protein remains an attractive option for the growing market of health-conscious and environmentally aware consumers in Mexico.

Market Trends:

Growing Popularity of Plant-Based Meat Alternatives

A significant trend shaping the Mexico pea protein market is the rising demand for plant-based meat alternatives. The shift towards plant-based eating has led to a surge in the popularity of meat substitutes, with consumers seeking more sustainable and health-conscious alternatives. Pea protein has gained considerable attention in this segment due to its ability to mimic the texture and mouthfeel of animal-based proteins, making it an ideal ingredient for plant-based meat products such as burgers, sausages, and nuggets. In Mexico, where meat consumption is culturally ingrained, the demand for plant-based meat alternatives has increased substantially, driven by younger, health-conscious consumers and those with dietary restrictions. The growth of the alternative meat sector is expected to continue, further boosting the use of pea protein in food products.

Expansion of Vegan and Vegetarian Product Lines

The increasing number of individuals adopting vegan and vegetarian diets is another key trend influencing the Mexican pea protein market. With more people exploring plant-based lifestyles for health, ethical, and environmental reasons, food companies are expanding their product lines to cater to this growing consumer base. As of recent years, the availability of vegan and vegetarian options has surged across supermarkets, restaurants, and foodservice establishments. For instance, Mexico ranks second in Latin America in restaurants offering plant-based meals, with a total of 3,138 establishments. In response, manufacturers are incorporating pea protein into a variety of products, from dairy-free yogurts and cheeses to protein bars and smoothies. This shift towards plant-based alternatives is contributing to the broader acceptance of pea protein as a high-quality and versatile ingredient, further driving its market growth in Mexico.

Focus on Clean Label and Natural Ingredients

There is a growing preference among Mexican consumers for clean label products that contain minimal and natural ingredients. This trend is reshaping the food and beverage industry, with consumers demanding transparency and simplicity in the products they purchase. Pea protein aligns with this shift, as it is a natural, non-GMO ingredient that fits into the clean label category. For instance, Merit uses proprietary extraction and filtration technology to produce high purity pea protein ingredients with pleasing flavour and smooth texture. Manufacturers are increasingly marketing their pea protein-based products as free from artificial additives, preservatives, and chemicals, further capitalizing on the demand for natural and healthy food options. As consumers become more discerning about the quality and composition of the products they consume, the clean label trend is expected to drive greater adoption of pea protein in the Mexican market.

Innovation in Product Formulation and Applications

Innovation in product formulation is a prominent trend in the Mexican pea protein market, as food manufacturers continue to experiment with new ways to incorporate pea protein into a broader range of products. This includes not only traditional applications like meat substitutes and protein shakes but also more innovative formats such as protein-enriched baked goods, ready-to-eat meals, and plant-based dairy alternatives. The versatility of pea protein, combined with advances in food science, allows manufacturers to create products that appeal to a variety of consumer preferences, whether for taste, texture, or nutritional profile. As food innovation continues to evolve, pea protein will likely play an increasingly central role in the development of new, high-protein, plant-based offerings that cater to both local and global market demands.

Market Challenges Analysis:

Limited Awareness and Consumer Education

One of the key challenges hindering the growth of the Mexico pea protein market is the limited awareness among consumers regarding the benefits and versatility of pea protein. While plant-based diets are becoming increasingly popular, many consumers still associate plant-based proteins with a lack of nutritional value or inferior taste. Pea protein, in particular, is not as widely recognized as other protein sources like soy or whey. As a result, there is a need for more consumer education to communicate the health benefits, nutritional advantages, and culinary uses of pea protein. Without increased awareness, the widespread adoption of pea protein-based products may face slow progress.

High Production Costs

Another significant restraint in the Mexican pea protein market is the relatively high cost of production compared to traditional animal-based proteins. Pea protein extraction and processing require advanced technologies and substantial investment, which can raise the overall cost of the final product. These higher production costs often translate into higher retail prices, which can deter price-sensitive consumers and limit market penetration. While the price of pea protein may decrease as demand increases and production methods improve, its current cost structure remains a challenge, particularly for small and medium-sized manufacturers looking to enter the market.

Supply Chain Limitations

The supply chain for pea protein in Mexico faces several constraints, particularly due to the limited cultivation of peas in the region. Unlike other crops, peas are not widely grown in Mexico, which necessitates significant imports to meet demand. This reliance on international supply chains can result in supply disruptions, fluctuations in prices, and challenges in maintaining consistent product availability. Additionally, the limited domestic production of peas can increase transportation costs and lead to longer lead times for manufacturers. As the demand for pea protein grows, ensuring a stable and reliable supply of raw materials will be a critical challenge for the industry.

Regulatory and Labeling Challenges

Regulatory issues and the lack of standardized labeling for plant-based proteins also pose challenges in the Mexican market. The absence of clear guidelines for labeling plant-based protein products can lead to confusion among consumers, particularly in distinguishing between plant-based and animal-based protein products. Furthermore, the regulatory environment for new food ingredients such as pea protein can be complex and vary across regions, leading to delays in product approvals or changes in compliance requirements. These hurdles can slow down the introduction of new pea protein-based products into the market.

Market Opportunities:

The Mexico pea protein market presents significant opportunities driven by the increasing consumer demand for plant-based alternatives. As the trend toward plant-based diets continues to rise, fueled by health-conscious consumers and environmental awareness, there is a growing opportunity for manufacturers to capitalize on the expanding market for plant-based food products. With the surge in popularity of plant-based meat substitutes, dairy alternatives, and protein-enriched snacks, pea protein is well-positioned to serve as a key ingredient in these applications. As Mexican consumers become more open to plant-based options, the opportunity for pea protein to replace traditional animal-based proteins is substantial, particularly in the health and wellness sector.

Additionally, the market offers significant opportunities for innovation and differentiation. Manufacturers can explore new product formulations using pea protein, such as protein-enriched beverages, baked goods, and ready-to-eat meals. The versatility of pea protein allows for its incorporation into a wide range of food categories, which provides avenues for growth and differentiation in a competitive market. Furthermore, the growing interest in clean-label, non-GMO, and allergen-free products creates a favorable environment for pea protein to gain further traction. As consumers seek transparency and natural ingredients, there is an opportunity for companies to position pea protein-based products as premium, sustainable, and healthy choices. The expanding food service and retail sectors in Mexico also present opportunities for increased distribution and availability of pea protein-based products.

Market Segmentation Analysis:

The Mexico Pea Proteins Market is segmented across various categories, catering to diverse consumer needs and industry applications.

By Product Segment
The product segmentation includes isolates, which dominate the market due to their high protein content and versatility in food applications. Concentrates follow closely, offering a more affordable alternative with moderate protein content. Textured pea proteins are increasingly popular, particularly in meat substitutes, as they mimic the texture of animal proteins. Hydrolysates, which are broken down into smaller peptides for easy digestion, are gaining traction in dietary supplements and functional foods.

By Application Segment
In the food & beverages sector, pea proteins are widely used in meat substitutes, catering to the growing demand for plant-based alternatives. They are also incorporated into bakery goods for added nutritional value, dietary supplements for protein fortification, and beverages as a dairy-free protein source. The personal care & cosmetics segment utilizes pea proteins for their moisturizing and skin-benefiting properties, while the animal feed segment benefits from the nutrient-rich profile of pea protein.

By Form Segment
Pea proteins are available in dry and wet forms, with dry forms being more popular due to their longer shelf life and easier storage and transport.

By Source Segment
The majority of pea protein in Mexico is derived from yellow split peas, known for their high protein content and cost-effectiveness. Other sources also contribute to the market, although their share remains smaller.

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 Mexico pea protein market exhibits significant growth potential, primarily driven by the increasing consumer shift toward plant-based diets and the expanding food and beverage industry. While specific regional market share data within Mexico is limited, the country’s overall dominance in the Latin American pea protein market is noteworthy.

This growth is largely attributed to Mexico’s substantial consumer base and a growing inclination toward plant-based protein sources. The country’s expanding food and beverage sector, coupled with increasing health awareness among consumers, presents lucrative opportunities for pea protein manufacturers. The rising adoption of Western dietary patterns and the popularity of vegetarian and vegan diets further bolster the demand for plant-based proteins. As urbanization continues, with an estimated 79 million people migrating to cities annually between 2019 and 2025, the demand for convenient, protein-enriched food options is expected to rise, thereby driving the growth of the pea protein market in Mexico.

Despite these positive trends, challenges such as high production costs and supply chain limitations persist. Pea protein extraction and processing require advanced technologies and substantial investment, leading to higher production costs compared to traditional animal-based proteins. Additionally, the limited domestic cultivation of peas necessitates imports, making the supply chain susceptible to disruptions and price fluctuations. Addressing these challenges is crucial for sustaining the market’s growth trajectory.

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Key Player Analysis:

Ingredion
ADM (Archer-Daniels-Midland)
DuPont Nutrition & Biosciences
Roquette Frères
Burcon Nutrascience
Axiom Foods
The Green Labs
Sotexpro
Nutri-Pea
Company 6
Company 7
Company 8
Company 9
Company 10
Company 11
Company 12
Company 13
Company 14

Competitive Analysis:

The Mexico pea protein market is experiencing significant growth, driven by a global shift toward plant-based diets and sustainable protein sources. Key players in this market include multinational corporations such as Archer-Daniels-Midland (ADM), Cargill, and Roquette Frères, alongside regional entities like Grupo Herdez. These companies are actively investing in research and development to enhance pea protein extraction technologies and expand their product portfolios to meet the rising consumer demand for plant-based protein alternatives. Despite the market’s expansion, challenges such as supply chain constraints and competition from other plant-based proteins persist. Addressing these issues requires strategic collaborations, technological advancements, and a focus on consumer education to fully realize the potential of pea protein in Mexico’s evolving food industry

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 Mexico pea protein market is experiencing significant growth, driven by increasing consumer demand for plant-based protein sources. Major international companies, including Archer-Daniels-Midland (ADM), Cargill, and Roquette Frères, are actively expanding their presence in the Mexican market. These companies are investing in local production facilities and distribution networks to meet the rising demand for pea protein. In terms of market characteristics, the conventional pea protein segment holds a dominant position, accounting for approximately 80% of the market share in 2023. This dominance is attributed to the affordability and widespread availability of conventional peas, which enhance consumer accessibility. However, there is a growing interest in organic pea protein, driven by consumer preferences for non-GMO and sustainably produced ingredients. The market is also witnessing innovations in processing techniques, aiming to improve the taste, texture, and functionality of pea protein products, thereby expanding their applications across various food sectors

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 Mexico pea protein market is expected to continue its strong growth due to the rising demand for plant-based protein alternatives.
Increased consumer awareness of health and sustainability will drive the adoption of pea protein in various food products.
Innovation in product formulations will expand the use of pea protein in a wider range of applications, including snacks and beverages.
The market will see growing investments from multinational corporations to establish local production facilities and supply chains.
As urbanization increases, demand for convenient, protein-rich food options will boost pea protein’s market share.
The rise of vegan and vegetarian diets will further accelerate demand for plant-based protein sources like pea protein.
Technological advancements will lower production costs, making pea protein more accessible to a broader consumer base.
The organic pea protein segment will gain traction as consumers seek more natural, non-GMO, and sustainable ingredients.
Retail and foodservice channels will expand product offerings, making pea protein-based products more widely available.
Competitive pressures will drive continuous innovation, improving the taste, texture, and nutritional profile of pea protein products.

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. Mexico Pea Proteins Market Snapshot 21

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

2.3. Insights from Primary Respondents 24

CHAPTER NO. 3 : MEXICO 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. Mexico Pea Proteins Market: Company Market Share, by Volume, 2023 31

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

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

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

4.2. Mexico Pea Proteins Market Company Volume Market Share, 2023 34

4.3. Mexico 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 : MEXICO PEA PROTEINS MARKET – BY PRODUCT SEGMENT ANALYSIS 40

6.1. Mexico Pea Proteins Market Overview, by Product Segment 40

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

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

6.1.3. Mexico Pea Proteins Market Attractiveness Analysis, By Product 42

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

6.1.5. Mexico 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 : MEXICO PEA PROTEINS MARKET – BY APPLICATION SEGMENT ANALYSIS 48

7.1. Mexico Pea Proteins Market Overview, by Application Segment 48

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

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

7.1.3. Mexico Pea Proteins Market Attractiveness Analysis, By Application 50

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

7.1.5. Mexico 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 : MEXICO PEA PROTEINS MARKET – BY FORM SEGMENT ANALYSIS 61

8.1. Mexico Pea Proteins Market Overview, by Form Segment 61

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

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

8.1.3. Mexico Pea Proteins Market Attractiveness Analysis, By Form 63

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

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

8.2. Dry 65

8.3. Wet 66

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

9.1. Mexico Pea Proteins Market Overview, by Source Segment 67

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

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

9.1.3. Mexico Pea Proteins Market Attractiveness Analysis, By Source 69

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

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

9.2. Yellow Split Peas 71

9.3. Others 72

CHAPTER NO. 10 : MEXICO PEA PROTEINS MARKET – ANALYSIS 73

10.1.1. Mexico Pea Proteins Market Volume, By Product, 2018 – 2023 (Metric Tons) 73

10.1.2. Mexico Pea Proteins Market Revenue, By Product, 2018 – 2023 (USD Million) 74

10.1.3. Mexico Pea Proteins Market Volume, By Application, 2018 – 2023 (Metric Tons) 75

10.1.4. Mexico Pea Proteins Market Revenue, By Application, 2018 – 2023 (USD Million) 76

10.1.5. Mexico Pea Proteins Market Volume, By Form, 2018 – 2023 (Metric Tons) 77

10.1.6. Mexico Pea Proteins Market Revenue, By Form, 2018 – 2023 (USD Million) 78

10.1.7. Mexico Pea Proteins Market Volume, By Source, 2018 – 2023 (Metric Tons) 79

10.1.8. Mexico Pea Proteins Market Revenue, By Source, 2018 – 2023 (USD Million) 80

CHAPTER NO. 11 : COMPANY PROFILES 81

11.1. Ingredion 81

11.1.1. Company Overview 81

11.1.2. Product Portfolio 81

11.1.3. Swot Analysis 81

11.1.4. Business Strategy 81

11.1.5. Financial Overview 82

11.2. Ingredion 83

11.3. ADM 83

11.4. DuPont Nutrition & Biosciences 83

11.5. Roquette Frères 83

11.6. Burcon Nutrascience 83

11.7. Axiom Foods 83

11.8. The Green Labs 83

11.9. Sotexpro 83

11.10. Nutri-Pea 83

11.11. Company 6 83

11.12. Company 7 83

11.13. Company 8 83

11.14. Company 9 83

11.15. Company 10 83

11.16. Company 11 83

11.17. Company 12 83

11.18. Company 13 83

11.19. Company 14 83

List of Figures

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

FIG NO. 2. Porter’s Five Forces Analysis for Mexico 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. Mexico Pea Proteins Market – Company Volume Market Share, 2023 34

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

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

FIG NO. 10. Mexico 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. Mexico Pea Proteins Market Revenue, By Product, 2018, 2023, 2027 & 2032 43

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

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

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

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

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

FIG NO. 19. Mexico 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. Mexico Pea Proteins Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

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

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

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

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

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

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

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

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

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

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

FIG NO. 33. Mexico 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. Mexico Pea Proteins Market Revenue, By Form, 2018, 2023, 2027 & 2032 64

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

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

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

FIG NO. 40. Mexico 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. Mexico Pea Proteins Market Revenue, By Source, 2018, 2023, 2027 & 2032 70

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

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

Frequently Asked Questions

What is the current size of the Mexico Pea Proteins Market?

The Mexico Pea Proteins Market is projected to grow from USD 46.51 million in 2024 to an estimated USD 103.01 million by 2032, with a CAGR of 10.45% from 2024 to 2032.

What factors are driving the growth of the Mexico Pea Proteins Market?

The growth is driven by the increasing shift towards plant-based diets, health consciousness, environmental sustainability, and the demand for allergen-friendly and nutritious alternatives to animal-based proteins.

What are the key segments within the Mexico Pea Proteins Market?

The key segments include plant-based meat substitutes, dairy alternatives, and functional foods, with pea protein being used in various food products for its texture, taste, and nutritional benefits.

Who are the major players in the Mexico Pea Proteins Market?

Major players include multinational companies like Archer-Daniels-Midland (ADM), Cargill, and Roquette Frères, along with regional manufacturers involved in the pea protein supply chain.

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