The Latin America, Middle East and Africa Pea Protein Market would witness market growth of 19.6% CAGR during the forecast period (2020-2026). Pea has gained an essential position in the alternative proteins market as a better potential source.
New players as well as existing companies are ready to leverage untapped potential and strengthen their position in the market. Manufacturers in the food industry are aiming to exploit new opportunities after understanding the preferences and interests of a huge consumer base in plant-based protein alternatives. This would support the already high demand for pea protein.
On account of the increasing adoption of vegan culture and high inclinations towards products like plant-based protein beverages and protein snacks, leading players are launching a broad range of products with the help of pea protein. Various food industry experts have further focused on the nutritional advantages of plant-based proteins like pea, soy, and wheat. Peas are not associated with any negative concerns including allergies or gluten-intolerance which are present in soy and wheat protein.
On account of higher consumer awareness, particularly in the established regions, and new product launches which have pea protein as the main ingredient, convenience, and supermarket stores are fulfilling the emerging demands. In addition, few retailers are creating their in-house variations of food items with pea protein as a major ingredient.
The Brazil market dominated the LAMEA Textured Market by Country in 2019, thereby, achieving a market value of $1,157.3 Thousands by 2026. The Argentina market would witness a CAGR of 22.1% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 20.4% during (2020 - 2026).
Based on Application, the market is segmented into Dietary Supplements, Bakery Goods, Meat Substitutes, Beverage and Other Applications. Based on Product, the market is segmented into Isolates, Concentrates, Textured and Hydrolysate. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Pea Protein Market in LAMEA is expected to register a CAGR of 19.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Glanbia PLC, DuPont de Nemours, Inc., Ingredion, Incorporated, Roquette Freres, The Green Labs LLC, Fenchem Biotek Ltd., A&B Ingredients, Inc., The Scoular Company, Axiom Foods, Inc., and Emsland Group.
By Application
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By Country
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