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Pulished Date April, 2021
ID: 9472
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Latin America Plant-based Protein Market by Type (Isolates, Concentrates, Protein Flour), Application (Protein Beverages, Dairy Alternatives, Meat Alternatives, Protein Bars, Processed Meat, Poultry & Seafood, Bakery Product), Source (Soy, Pea, Wheat, Others) and By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2021-2026)

Pulished: April, 2021
ID: 9472
Pages: 138

Latin America Plant-based Protein Market Growth and Forecast (2021-2026):

Latin America Plant-based Protein Market is foreseen to enlist a CAGR of 7.34% during the estimated time frame (2021-2026).

Market Overview:

Plant-based protein is a unique protein extracted from plant sources like soy, wheat, pea, and others. They act as building squares to muscles and tissues in the human body and are valuable for weight reduction. The Latin American nations are seeing developing urbanization and changing ways of life because of globalization. Purchasers are prepared to pay for wellbeing and health items, which is driving the development of proteins and different enhancements.

Besides, the expanded buy power came to the upper-middle-class as of late is setting off the plant protein market development in Latin America. Moreover, hypersensitivity and bigotry identified with creature protein have expanded among the two people and pets. Consequently, the interest in plant-based protein ingredients in the market sees an ascent.

Recent Developments in Latin America Plant-based Protein Industry:

  • Walgreens, a pharmaceutical organization situated in the United States, has a significant store with a different sports food area for the nutraceutical hall.
  • In October 2018, DuPont Nutrition and Health expanded their plant-based protein items with another pea protein for refreshments called TRUPRO 2000 Pea Protein.

Drivers:

In Latin America, items made with soy protein, whey protein and milk protein represent 70% of all high-protein dispatches over the most recent five years. Yet, plant-based protein sources are picking up consideration. Shoppers are attempting to add more plant-based foods to their eating regimens by grasping vegetables, nuts, grains and seeds as elective wellsprings of protein. In standard food and beverage items, proteins obtained from peas, rice, chia seeds, oats and potatoes are the absolute most famous sources.

There are three primary reasons Latin American buyers are floating towards plant proteins:

Maintainability: 68% of buyers in Argentina, Chile and Brazil state they genuinely care about dependable utilization, as indicated by Mintel.

Vegetarianism and veganism: A developing number of customers distinguish as veggie-lover, veggie lover or the more current "flexitarian", which is making a vegan like eating regimen significantly increasingly well known among buyers.

Dairy intolerance: Lactose intolerance in Latin America influences a dominant part of the populace, as per a few examinations, which position plant proteins as an increasingly attractive choice.

Restraints:

The nonattendance of awareness for plant-based proteins in specific zones is hampering the progress of business park improvement. Also, flighty thing costs are depended upon to slow market advancement during the gauge period.

Latin America Plant-based Protein Market Segmentation Analysis:

In terms of the source, the soy protein fragment is foreseen to rule the regional market in the following years. Latin American soy protein ingredients market is moved by the interest of sports and nourishment items by competitors, sportsperson, and recovering patients. Furthermore, the weight of the board class is likewise developing where protein is the principal constituent ingredient. A tremendous lactose intolerance populace that drives interest for interchange dairy substitutes, for example, soy protein describes Latin America. Further, there is a significant undiscovered potential for the GMO-free and clean-name based soy protein ingredients. Players are concentrating on eco-friendly methods for the growth of soybeans to process into the substantial caliber and safe proteins of soy.

Depending on the type, the isolates segment is projected to dominate the Latin American plant-based protein market over the prospect period. These isolates incorporate high protein content along with more digestibility characteristics. They are found in various applications like dietary supplements, protein beverages, sports nutrition products, and so on. The booming demand for isolates amongst bodybuilders, athletes, vegan communities and broad application in various drinks and dairy products due to their functional aspects is driving the traffic in this section.

By application, the food and beverage segment is anticipated to hold the most significant portion of the Latin America plant-based protein market. This is mainly ascribed to the surging demand for sustainable products, increase in consciousness about the health benefits of such proteins, growing concerns on animal products and ingredients, ascend in vegan population and skyrocketing meat prices in the neighbourhood. Moreover, the nutrition and health supplement section is supposed to witness a notable extension due to the change in lifestyle, developing health & wellness trend, and expanding prevalence of new infections.

Regional Analysis:

Plant protein, for example, soy protein is usually utilized in protein and vitality bars, breakfast grains, different prepared meats, and meat options for development in taste and surface, just as in various muscle gain supplements in the wellness business. Geologically, the Latin American market for plant protein is sectioned into Brazil, Argentina, and Mexico, of which, Brazil contributes the most significant offer. With an expansion in R&D and a flood in plant protein creation in the ongoing occasions, numerous organizations have shown enthusiasm for setting up assembling units in these areas of Latin America.

Competitive Landscape:

So as to expand their portion of the pie, organizations are concentrating on new imaginative items, by focusing on the original wellspring of plant proteins, for example, hemp and chia. Countless players drive the local plant-based protein market. The significant players in Latin America plant-based protein industry incorporate Ajinomoto, Kerry Group, Tate and Lyle, Dien Inc., KF Specialty Ingredients, and Arla Foods Ingredients, among others.

Key Players in the Market:

Major Key Players in the Latin America Plant-based Protein Market are

  • Cargill Inc
  • Archer Daniels Midland (ADM)
  • DuPont
  • Kerry Group
  • Glanbia PLC
  • Tate & Lyle PLC
  • IngredionInc
  • BurconNutraScience Corp
  • Axiom Foods
  • Royal DSM N.V.
  • Sotexpro S.A.

 

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Plant-based Protein Market, By Type                 

                   6.1.1 Isolates        

                   6.1.2 Concentrates

                   6.1.3 Protein Flour 

                   6.1.4 Market Size Estimations & Forecasts (2021-2026) 

                   6.1.5 Y-o-Y Growth Rate Analysis       

                   6.1.6 Market Attractiveness Index       

          6.2 Plant-based Protein Market, By Source               

                   6.2.1 Soy    

                   6.2.2 Pea    

                   6.2.3 Wheat

                   6.2.4 Market Size Estimations & Forecasts (2021-2026) 

                   6.2.5 Y-o-Y Growth Rate Analysis       

                   6.2.6 Market Attractiveness Index       

          6.3 Plant-based Protein Market, By Application                  

                   6.3.1 Protein Beverages   

                   6.3.2 Dairy Alternatives   

                   6.3.3 Meat Alternatives   

                   6.3.4 Protein Bars  

                   6.3.5 Processed Meat      

                   6.3.6 Poultry & Seafood   

                   6.3.7 Bakery Products     

                   6.3.8 Market Size Estimations & Forecasts (2021-2026) 

                   6.3.9 Y-o-Y Growth Rate Analysis       

                   6.3.10 Market Attractiveness Index     

7. Geographical Landscape                            

          7.1 Regional Identity Governance and Administration Market, by Region           

          7.2 Latin America - Market Analysis (2021-2026)          

                   7.2.1 By Country   

                             7.2.1.1 Brazil

                             7.2.1.2 Argentina

                             7.2.1.3 Mexico

                             7.2.1.4 Rest of Latin America

                   7.2.2 By Type       

                   7.2.3 By Source     

                   7.2.4 By Application        

8. Key Player Analysis                         

          8.1 Cargill Inc                 

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Archer Daniels Midland                  

          8.3 DuPont           

          8.4 Kerry Group              

          8.5 Glanbia PLC               

          8.6 Tate & Lyle PLC         

          8.7 Ingredion Inc             

          8.8 Burcon NutraScience Corp             

          8.9 Axiom Foods             

          8.10 Royal DSM N.V.                 

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

 
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Type, Source, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Latin America Plant-based Protein Market By Type, From 2021-2026 ( USD Billion )
  2. Latin America Isolates Market By Region, From 2021-2026 ( USD Billion )
  3. Latin America Concentrates Market By Region, From 2021-2026 ( USD Billion )
  4. Latin America Protein Flour Market By Region, From 2021-2026 ( USD Billion )
  5. Latin America Plant-based Protein Market By Source, From 2021-2026 ( USD Billion )
  6. Latin America Soy Market By Region, From 2021-2026 ( USD Billion )
  7. Latin America Pea Market By Region, From 2021-2026 ( USD Billion )
  8. Latin America Wheat Market By Region, From 2021-2026 ( USD Billion )
  9. Latin America Plant-based Protein Market By Application, From 2021-2026 ( USD Billion )
  10. Latin America Protein Beverages Market By Region, From 2021-2026 ( USD Billion )
  11. Latin America Dairy Alternatives Market By Region, From 2021-2026 ( USD Billion )
  12. Latin America Meat Alternatives Market By Region, From 2021-2026 ( USD Billion )
  13. Latin America Protein Bars Market By Region, From 2021-2026 ( USD Billion )
  14. Latin America Processed Meat Market By Region, From 2021-2026 ( USD Billion )
  15. Latin America Poultry & Seafood Market By Region, From 2021-2026 ( USD Billion )
  16. Latin America Bakery Products Market By Region, From 2021-2026 ( USD Billion )
  17. Brazil Plant-based Protein Market By Type, From 2021-2026 ( USD Billion )
  18. Brazil Plant-based Protein Market By Source, From 2021-2026 ( USD Billion )
  19. Brazil Plant-based Protein Market By Application, From 2021-2026 ( USD Billion )
  20. Argentina Plant-based Protein Market By Type, From 2021-2026 ( USD Billion )
  21. Argentina Plant-based Protein Market By Source, From 2021-2026 ( USD Billion )
  22. Argentina Plant-based Protein Market By Application, From 2021-2026 ( USD Billion )
  23. Mexico Plant-based Protein Market By Type, From 2021-2026 ( USD Billion )
  24. Mexico Plant-based Protein Market By Source, From 2021-2026 ( USD Billion )
  25. Mexico Plant-based Protein Market By Application, From 2021-2026 ( USD Billion )
  26. Rest of Latin America Plant-based Protein Market By Type, From 2021-2026 ( USD Billion )
  27. Rest of Latin America Plant-based Protein Market By Source, From 2021-2026 ( USD Billion )
  28. Rest of Latin America Plant-based Protein Market By Application, From 2021-2026 ( USD Billion )

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