Share on

Latin America Soy Protein Ingredients Market By Type( Soy Protein Isolates, Soy Protein Concentrates, Soy Flours And Others) , By Application ( Bakery And Confectionery, Meat Alternatives, Functional Foods, Dairy Replacement, Infant Foods And Other Applications) And By Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts(2022 to 2027)

Published: March, 2023
ID: 7484
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Soy Protein Ingredients Market Size, Share, Growth (2022-2027)

 Latin America Soy Protein Ingredients Market was worth USD 711 million in 2021 and is estimated to be growing at a CAGR of 7.9%, to reach USD 1.03 billion by 2027

Latin America Soy Protein Ingredients Market Overview

Soy protein is obtained from soybeans after the extraction of oil. Soy Protein is used for the fortification of many food products and as an alternative to dairy protein. It is extensively used as a meat extender and as a quality substitute for meat. This legume is one of the few plant proteins that contains all eight essential amino acids.High functional properties of the soy protein ingredient coupled with eco-friendly and natural health benefits are driving the demand of soy protein during the forecast period. Moreover, it is more cost-effective than animal protein and reflects the same protein content. This is expected to enhance the adoption of soy protein across various end-use industries resulting in increasing the shelf life of processed food, so it is also considered as the most sustainable protein ingredient. This in turn boosts the market. However, the allergic nature of soy protein ingredients is restraining its growth during the forecast period. Moreover, the negative impact of genetically modified (GM) soy coupled with the availability of various alternatives such as milk proteins, pea proteins, and other animal proteins are also effecting the growth of soy protein ingredients in the forecast period.

Latin America Soy Protein Ingredients Market Segmentation

The market for Soy Protein Ingredients is broadly categorized into

  • type

  • application

By type

  • Soy protein isolates

  • Soy protein concentrates

  • soy flours

By application

  • Bakery and confectionery

  • meat alternatives

  • functional foods

  • dairy replacement

  • infant foods 

Latin America Soy Protein Ingredients Market Regional Analysis

  • Argentina

  • Brazil

  • Mexico

rest of Latin America. Moreover in Latin America, Brazil is expected to be the major contributor in terms of revenue followed by Mexico.

Keyplayers

  1. Archer Daniels Midland (ADM) Company

  2. Dean Foods Company

  3. Armor Proteins

  4. Gelita Group

  5. Bunge Alimentos SA

  6. Kerry Ingredients Inc.

  7. Burcon NutraScience

  8. Cargill Health & Food Technologies

  9. E. I. du Pont de Nemours and Company

  10. Kellogg Company

  11. Doves Farm Foods

  12. Kraft Foods Group Inc.

  13. Manildra Group

  14. MGP Ingredients

  15. Omega Protein Corporation,

  16. George Weston Foods

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample