Africa Pea Protein Market Size (2024 - 2029)

The Africa Pea Protein market is anticipated to experience significant growth, driven by the increasing preference for pea protein due to its nutritional benefits and cost-effectiveness compared to other protein sources like whey and soy. The market's expansion is supported by the region's favorable conditions for production, including the availability of raw materials and land, which not only cater to local demand but also offer opportunities for profitable production. Pea protein's environmentally sustainable sourcing methods further enhance its appeal, positioning it as a key player in food formulation and fortification across Africa.

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Market Size of Africa Pea Protein Industry

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Africa Pea Protein Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.70 %
Market Concentration Low

Major Players

Africa Pea Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Africa Pea Protein Market Analysis

Africa Pea Protein market is projected to grow at a CAGR of 4.7% during the forecast period 2020-2025.

  • Pea protein is being hailed as the new preferred protein due to its nutritional qualities and it looks set to play an increasingly important role in food formulation and fortification in Africa. At less than one-third of the price of whey powder, and compared to soy protein, pea protein is a healthy alternative with great benefits and usability.
  • Given the ease of production and environmentally viable sourcing methods, pea proteins are projected for high returns. The availability of raw materials and land for production help in projecting this region not just as a demand source, but also for profitable production methods

Africa Pea Protein Industry Segmentation

Africa Pea Protein market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into isolates, concentrates, and textured. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and other applications. By geography, the report provides a detailed analysis, which includes South Africa, Nigeria, Egypt, and Rest of South Africa.

By Product Type
Isolates
Concentrates
Textured
By Application
Bakery
Meat Extender and Substitute
Nutritional Supplement
Beverage
Snack
Other Applications
By Geography
South Africa
Nigeria
Egypt
Rest of Africa
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Africa Pea Protein Market Size Summary

The Africa pea protein market is experiencing a notable shift as pea protein emerges as a preferred alternative due to its nutritional benefits and cost-effectiveness compared to traditional proteins like whey and soy. This trend is driven by the increasing demand for plant-based proteins, which is fueled by a growing population, economic development, and heightened health awareness among consumers. The region's abundant raw materials and land availability further bolster the potential for profitable production, positioning Africa as a significant player in the global plant protein market. The market is characterized by a diverse consumer base, including sportspersons and health-conscious individuals, and is seeing a rise in products such as protein-enriched infant formulas, bars, and drinks.

The market's growth is supported by manufacturers in South Africa who are leveraging open innovation to maintain cost leadership and secure supply chains. Changing consumer lifestyles, increased healthcare spending, and a burgeoning retail sector are contributing to the market's expansion. Consumer preferences for clean labels, digestibility, allergen-free options, and sustainability are also driving demand. Major companies like Roquette, The Scoular Company, and Axiom Foods hold significant market shares, with new entrants exploring opportunities despite intense competition. These companies are investing in research to discover better varieties and cost-effective production processes, underscoring the market's dynamic and competitive nature.

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Africa Pea Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Isolates

      2. 2.1.2 Concentrates

      3. 2.1.3 Textured

    2. 2.2 By Application

      1. 2.2.1 Bakery

      2. 2.2.2 Meat Extender and Substitute

      3. 2.2.3 Nutritional Supplement

      4. 2.2.4 Beverage

      5. 2.2.5 Snack

      6. 2.2.6 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 South Africa

      2. 2.3.2 Nigeria

      3. 2.3.3 Egypt

      4. 2.3.4 Rest of Africa

Africa Pea Protein Market Size FAQs

The Africa Pea Protein Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)

Cargill Incorporated, Glanbia PLC, Ingredion Incorporated and The Scoular Company are the major companies operating in the Africa Pea Protein Market.

Pea Protein Market in Africa Report Snapshots

Africa Pea Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)