Pea Fiber Industry Analysis in Latin America

Pea Fiber Sales Outlook for Latin America (2024 to 2034)

Increasing at a CAGR of 6.7%, pea fiber sales in Latin America are projected to rise from US$ 2.08 billion in 2024 to a market value of US$ 3.98 billion by the end of 2034.

Pea fiber is a type of dietary fiber sourced primarily from peas, with its extraction typically focusing on the outer husk or shell of the pea. Pea fiber is a plant-based ingredient. This type of fiber is associated with various health benefits, including improved digestive health, weight management, and blood sugar control.

Growing interest in plant-based diets and plant-derived products in Latin America is creating a profitable marketplace for pea fiber producers. Pea fiber significantly aligns with the preferences of consumers looking for natural, plant-based, and sustainable food options. The swiftly growing food industry in Latin America is continuously focusing on innovations and caters to health-conscious consumers who widely demand functional food ingredients including pea fiber.

There is a global trend toward healthier eating habits, with more consumers seeking food options that offer nutritional benefits. Inner hull pea fiber, being rich in dietary fiber and associated with various health advantages, aligns with this trend. The growing awareness of the importance of dietary fiber for digestive health and overall well-being is boosting the demand for inner hull pea fiber.

• Inner hull pea fiber sales in Latin America are forecasted to rise at a CAGR of 7.8% during the next 10 years and reach US$ 1.57 billion by 2034-end.

Report Attributes	Details
Pea Fiber Sales in Latin America (2024E)	US$ 2.08 Billion
Forecasted Sales (2034F)	US$ 3.98 Billion
Demand Growth (2024 to 2034)	6.7% CAGR
Inner Hull Pea Fiber Sales (2024E)	US$ 739.4 Million
Conventional Pea Fiber Sales Growth (2024 to 2034)	6.8% CAGR
Organic Pea Fiber Sales (2024E)	US$ 192 Million
Key Companies Profiled	Fenchem Cosucra-Groupe Warcoing Roquette Freres Glanbia Plc Puris Foods

Will Health and Wellness Trends Drive Pea Fiber Sales in Latin America?

“Nutritional Role of Pea Fiber in Weight Management”

Rising prevalence of obesity and diabetes in Latin America is becoming a significant public health concern, prompting high attention to dietary habits and lifestyle choices. In response to this health challenge, there is a growing demand for functional ingredients that can aid in weight management and blood sugar control. Pea fiber, with its distinctive properties, is emerging as a promising candidate to address these health concerns, thereby witnessing growing interest within the region.

Pea fiber's role in weight management is closely tied to its high dietary fiber content. When incorporated into food products, it can enhance the feeling of fullness and reduce overall caloric intake. This satiety-inducing effect is particularly relevant for individuals seeking weight loss or weight maintenance, making pea fiber an appealing ingredient for the formulation of products designed to support healthy body weight.

“Snacking Revolution with Pea Fiber Delights in the Region”

In the vibrant landscape of Latin American cuisine, food manufacturers are finding an enticing opportunity to innovate and diversify their product portfolios by harnessing the versatile potential of pea fiber. This functional ingredient, derived from peas, is proving to be a game-changer in the quest for creating healthier and more appealing food options that align with the distinct taste preferences of the local population.

Snacking culture is deeply ingrained in Latin America, and pea fiber provides an avenue for revolutionizing the snack aisle. Many manufacturers are focusing on the production of crunchy pea fiber-infused tortilla chips, savory roasted peas, and more, offering a boost of dietary fiber for guilt-free snacking.

Latin American bakeries are also embracing the trend of incorporating pea fiber into artisanal bread and pastries. Pea fiber's ability to enhance texture and moisture retention makes it a secret ingredient for bakers aiming to create baked goods that not only satisfy taste buds but also contribute to overall well-being.

Country-wise Analysis

Will Pea Fiber Food Producers Thrive in Brazil Over the Decade?

“Growing Adoption for Plant-based Diets across the Region”

Attribute	Brazil
Market Value (2024E)	US$ 505.6 Million
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 905.45 Million

The shift toward plant-based diets is observable in Brazil, driven by environmental concerns and health considerations. Pea fiber, being plant-derived, aligns with this trend, as consumers seek sustainable and plant-powered options in their food choices.

Brazilian food manufacturers are also actively exploring innovative ways to incorporate pea fiber into a variety of products. From snacks to bakery items, the versatility of pea fiber offers ample opportunities for diversification, catering to the diverse tastes and preferences of the Brazilian population.

Why are More Mexicans Falling in Love with Pea Fiber Foods?

“Health-conscious Consumers Preferring Nutritional Foods with Pea Fiber as Ingredient”

Attribute	Mexico
Market Value (2024E)	US$ 916.4 Million
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 1.84 Billion

Mexico is facing challenges related to diabetes, making blood sugar management a key concern. Pea fiber's role in stabilizing blood sugar levels presents an opportunity for its incorporation into products catering to the diabetic and health-conscious demographic.

More consumers are increasingly focused on health and wellness. Pea fiber's association with digestive health and weight management positions it as a sought-after ingredient in a market where consumers are actively seeking functional and nutritious options.

Category-wise Analysis

Why is Demand for Food-grade Pea Fiber High in Latin America?

“Natural and Plant-based Appeal Driving Consumption of Food-grade Pea Fiber”

Attribute	Food-grade Pea Fiber
Segment Value (2024E)	US$ 1.48 Billion
Growth Rate (2024 to 2034)	7% CAGR
Projected Value (2034F)	US$ 2.94 Billion

Demand for food-grade pea fiber in Latin America is increasing due to its alignment with health and wellness trends, digestive health benefits, suitability for weight management and blood sugar control, gluten-free appeal, clean-label preferences, and its role in functional food formulations. These factors collectively position food-grade pea fiber as a sought-after ingredient in the evolving Latin American food market.

Competitive Landscape

Latin American pea fiber manufacturers are employing several tactics to earn more such as strategic product diversifications, innovations, partnerships, and a commitment to quality and sustainability. By leveraging these strategies, manufacturers can meet the current demand for pea fiber and also position themselves for significant growth in the dynamic food ingredient trade.

Leading companies are establishing strategic partnerships with local farmers, suppliers, and global distributors. These collaborations ensure a stable supply chain of quality peas for fiber extraction and create opportunities for market expansion both locally and internationally.

• Cargill, a major player in the food and agricultural industry, offers a range of pea-based ingredients, including pea fiber. Its pea fiber products are often used as functional ingredients in various food applications, providing texture, fiber content, and nutritional benefits.

Segmentation of Pea Fiber Study in Latin America

• By Type :

  • Inner Hull Fiber
  • Outer Hull Fiber

• By Source :

  • Organic
  • Conventional

• By Grade :

  • Food Grade
  • Feed Grade

• By Application :

  • Bakery
  • Vegan Meat Substitutes
  • Soups & Sauces
  • Beverages
  • Animal Foods

• By Country :

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Peru
  • Rest of Latin America