South America Plant Protein Ingredients Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The South America Plant Protein Ingredients Market is segmented by Protein Type (Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein), by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements) and by Country (Argentina, Brazil). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

INSTANT ACCESS

South America Plant Protein Ingredients Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
South America Plant Protein Ingredients Market Summary
share button
Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.02 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.38 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Food and Beverages
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.13 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Brazil

Major Players

major-player-company-image

*Disclaimer: Major Players sorted in alphabetical order.

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

South America Plant Protein Ingredients Market Analysis

The South America Plant Protein Ingredients Market size is estimated at 1.02 billion USD in 2024, and is expected to reach 1.38 billion USD by 2029, growing at a CAGR of 6.13% during the forecast period (2024-2029).

share button

1.02 Billion

Market Size in 2024 (USD)

1.38 Billion

Market Size in 2029 (USD)

6.20 %

CAGR (2017-2023)

6.13 %

CAGR (2024-2029)

Largest Market by Product Type

71.99 %

value share, Soy Protein, 2023

Icon image

Among all plant proteins, soy protein remained the most favored in the South American plant proteins market owing to its low cost and excellent quality. The animal feed and F&B sectors drove the soy protein type in the region.

Largest Market by End User

59.81 %

value share, Food and Beverages, 2023

Icon image

The high supply of plant proteins (rice, pea, and wheat) that have the ability to mimic meat texture, together with protein fortification, is boosting the food and beverage segment.

Fastest Growing Market by Product Type

9.96 %

Projected CAGR, Pea Protein, 2024-2029

Icon image

Pea proteins are gaining demand from meat alternatives due to their quick rehydration, neutral flavor, and texturizing abilities, leading to a slew of new products.

Fastest Growing Market by End User

6.27 %

Projected CAGR, Animal Feed, 2024-2029

Icon image

Soy and wheat proteins are the plant proteins used in the animal feed segment due to their functionality traits, which makes them ideal alternatives to fish and animal-based feeds.

Leading Market Player

17.42 %

market share, International Flavors & Fragrances, Inc., Inc.

Icon image

IFF's leading position can be attributed to its high-quality offerings in the region. It is also one of the most active market players in the region.

F&B sector dominates with growing demand of plant protein from dairy and meat alternatives

  • The F&B segment is dominated by the meat and meat alternatives sub-segment, which is expected to record a CAGR of 4.74%, by volume, during the forecast period. Protein ingredients provide properties that mimic meat texture, making them suitable for vegans. The growing knowledge of healthy eating habits and environmental concerns are driving the demand for these items in the region. Pea protein and wheat protein are the major plant protein ingredients used in manufacturing meat substitutes. Wheat protein is growing at the fastest rate, and it is expected to record a CAGR of 3.15%, by volume, during the forecast year. This growth is due to the elasticity and flexibility traits of gluten, which are present in wheat protein, specifically changing the structure of meat products. The presence of high-quality amino acid composition, which is similar to animal protein, is used in structured plant protein products.
  • Animal feed remained the second-largest end-user segment. Argentina dominated the market, and it is expected to record a CAGR of 7.34%, by value, during the forecast year. Soy is a rich nutritional source with a less variable chemical composition than other protein sources. Thus, soy is widely used in feed. Soy concentrates are ideal for chicken's pre-starter meal as they contain easily digestible amino acids and aid with lipid and water retention. The high sales of proteins in this segment are attributed to the nation's massive soy production. In 2022, soybean production in Argentina was 48.95 million ton. It is expected to grow by 52.86 million ton in 2031. As soy production is high in the country, there will be a high supply volume at affordable prices. The rise in supply led the manufacturers to incorporate soy protein instead of others in animal feed.
South America Plant Protein Ingredients Market

Alternative protein based food is gaining prominence across the Brazil and plays a vital role for having share in the region

  • Plant protein consumption in South America is driven primarily by an increase in demand for soy proteins. Over the last five years, soy, whey, and milk protein products accounted for 70% of all regional high-protein launches, but plant-based protein sources are gaining traction. Mainstream food and beverage products incorporate proteins derived from peas, rice, chia seeds, oats, and potatoes. More than 40% of Latin American consumers reported that plant-based protein improves their health. Pea and rice proteins are the most popular plant proteins on the market. Pea protein is expected to register the highest CAGR of 9.82%, by volume, during the forecast period. The application of plant proteins has been supported by application in the F&B segment, supported by the growing protein fortification of baked products. Conventional plant proteins dominate the bakery industry, but emerging sources are also gaining traction because of their specific functional properties and nutritional value.
  • Brazil claimed the largest share in 2022, where the plant protein demand in the F&B segment dominated sales. This high demand can be attributed to the country's aging population, and it is estimated to triple by 2050, covering around 66 million Brazilians. Consumers are increasingly adopting healthy diets. During the review period, the nation witnessed several plant protein-based product launches with the emergence of start-ups, The New Butchers, Future Farm, Behind The Foods, and Superbom. Brazil recorded the fastest growth potential among all South American countries, and it is expected to register a CAGR of 6.46% during the forecast period. The country, bearing about half of the region's population, has a vast consumer base and, thus, receives a major focus from competitors.

South America Plant Protein Ingredients Market Trends

Brazil contributes the largest share in the regional plant protein consumption across region

  • The graph depicts the per capita consumption of plant protein in all South American countries. In Brazil, agriculture and food production are two of the most important components of the economy. This high demand can be attributed to the country's aging population, which is estimated to triple by 2050, covering around 66 million Brazilians. In Brazil, plant protein is commonly used in protein bars and energy bars, breakfast cereals, various processed meats, and meat alternatives to improve taste and texture, and several muscle-gain supplements in the fitness industry. Soy protein is the most commercially used plant protein, and it is the largest market segment in the country, followed by wheat protein and pea protein.
  • The Argentine market has witnessed growing demands for vegetable-centric cuisines in the past few years because over 40 million people are following a vegan diet. This trend has been particularly prominent in urban areas, such as Buenos Aires, Córdoba, and Mendoza, wherein people opt for plant-based diets for their daily macronutrient requirements.
  • The popularity of plant-based dairy products is growing rapidly in countries such as Brazil, with an increasing number of people affected by gluten and lactose intolerance. For instance, 80-85% of the people in the region are lactose intolerant. Owing to this, the demand for alternative dairy products has been increasing. Increasing sales of plant-based protein foods has the dual benefit of improving diets and reducing agricultural carbon emissions. Changing market requirements and rising demand may create sustainability issues in supply chains. Thus, other countries of the region are adopting the pattern and encouraging more intake of peas and other protein forms in their regular diets.
South America Plant Protein Ingredients Market

Soy and pea production will witness significant growth during forecast period

  • The graph depicts the production of raw materials such as peas (dry), rice, soybeans, and wheat for all South American countries. Plant proteins sourced from soybeans, peas, and wheat have emerged as the major protein types in the South American plant protein ingredients market. From 2000 to 2019, the area cultivated with soybeans more than doubled from 26.4 Mha to 55.1 Mha. However, due to unfavorable crop weather conditions, including droughts, and Russia's recent invasion of Ukraine, there has been a reduction in the total soybean production in the region. In February 2022, Brazil's soybean crop amounted to 4,610 MBU, i.e., down from the January projection of 5,162 MBU.
  • Argentina is one of the major producers of green peas in the region. Though the area of dry peas in South America fluctuated substantially in recent years, it tended to increase through the 1971-2020 period ending at 167,541 ha in 2020. Accounting for around 7% of global exports, Argentina is the main producer and exporter of wheat in the region. Argentina has three wheat-planting areas: North, Central, and South (Bolsa Comercio Rosario). The Central and Southern regions contribute more than 95% of the production. In contrast, Brazil is a significant importer, with 15% of its imports coming from Paraguay, Russia, Uruguay, and Canada, and 75% of its imports coming from Argentina. Many significant wheat importers who rely on Black Sea supplies are concerned about the supply of wheat and food security as a result of the ongoing crisis in Ukraine. Argentine crop farmers are currently planning wheat planting. In recent years, wheat has been assigned a larger share in crop rotations in the Pampas, the most important agricultural region in the country.
South America Plant Protein Ingredients Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Organic food and incorporation of omega-3 trends are highly gaining traction
  • Alcohol alternatives are boosting the market
  • Growing consumer demand for naturally healthy sauces and dressings is benefitting multinational companies
  • Increasing lactose intolerance to support dairy alternative sales
  • Rising popularity of plant-based food products
  • Consumer shift toward diet-based food drove the market growth
  • Compound feed to support the market growth
  • International key players to expand their footprint
  • Consumer shift toward low-carb diet poses threat to market growth
  • Brazil holds major share in South America chocolate market
  • Increasing elderly population is changing the market dynamics
  • The demand for clean label products is increasing
  • Increased health and wellness trends driving the market
  • South America forms a lucrative market for cosmetics

South America Plant Protein Ingredients Industry Overview

The South America Plant Protein Ingredients Market is moderately consolidated, with the top five companies occupying 44.28%. The major players in this market are Archer Daniels Midland Company, Ingredion Incorporated, International Flavors & Fragrances, Inc., Kerry Group plc and Südzucker AG (sorted alphabetically).

South America Plant Protein Ingredients Market Leaders

  1. Archer Daniels Midland Company

  2. Ingredion Incorporated

  3. International Flavors & Fragrances, Inc.

  4. Kerry Group plc

  5. Südzucker AG

South America Plant Protein Ingredients Market Concentration

Other important companies include Bremil Group, BRF S.A., Bunge Limited, Tereos SCA.

*Disclaimer: Major Players sorted in alphabetical order.

bookmark Need More Details on Market Players and Competitors?
Download Sample

South America Plant Protein Ingredients Market News

  • May 2022: BENEO, a subsidiary of Südzucker, entered a purchase agreement to acquire Meatless BV, a producer of functional ingredients. BENEO is expanding its existing product offering with the acquisition to offer an even broader range of texturizing solutions for meat and fish alternatives.
  • April 2021: Ingredion Inc. launched two new ingredients to its plant-based pea protein segment. It launched VITESSENSE pulse 1853 pea protein isolate and Purity P 1002 pea starch, which are 100% sustainably sourced from North American farms.
  • February 2021: DuPont's Nutrition & Biosciences and the ingredient company IFF announced their merger in 2021. The combined company will continue to operate under the name IFF. The complementary portfolios give the company leadership positions within a range of ingredients, including soy protein.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the protein industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption of animal and plant protein, end-user market volume, and production data of raw materials for protein ingredients, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on protein sources, protein types, forms, end-user segments, etc., are available in the form of comprehensive reports as well as Excel-based data worksheets.

South America Plant Protein Ingredients Market
South America Plant Protein Ingredients Market
South America Plant Protein Ingredients Market
South America Plant Protein Ingredients Market

South America Plant Protein Ingredients Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  3. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Market Volume

      1. 2.1.1. Baby Food and Infant Formula

      2. 2.1.2. Bakery

      3. 2.1.3. Beverages

      4. 2.1.4. Breakfast Cereals

      5. 2.1.5. Condiments/Sauces

      6. 2.1.6. Confectionery

      7. 2.1.7. Dairy and Dairy Alternative Products

      8. 2.1.8. Elderly Nutrition and Medical Nutrition

      9. 2.1.9. Meat/Poultry/Seafood and Meat Alternative Products

      10. 2.1.10. RTE/RTC Food Products

      11. 2.1.11. Snacks

      12. 2.1.12. Sport/Performance Nutrition

      13. 2.1.13. Animal Feed

      14. 2.1.14. Personal Care and Cosmetics

    2. 2.2. Protein Consumption Trends

      1. 2.2.1. Plant

    3. 2.3. Production Trends

      1. 2.3.1. Plant

    4. 2.4. Regulatory Framework

      1. 2.4.1. Brazil and Argentina

    5. 2.5. Value Chain & Distribution Channel Analysis

  4. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Protein Type

      1. 3.1.1. Hemp Protein

      2. 3.1.2. Pea Protein

      3. 3.1.3. Potato Protein

      4. 3.1.4. Rice Protein

      5. 3.1.5. Soy Protein

      6. 3.1.6. Wheat Protein

      7. 3.1.7. Other Plant Protein

    2. 3.2. End User

      1. 3.2.1. Animal Feed

      2. 3.2.2. Food and Beverages

        1. 3.2.2.1. By Sub End User

          1. 3.2.2.1.1. Bakery

          2. 3.2.2.1.2. Beverages

          3. 3.2.2.1.3. Breakfast Cereals

          4. 3.2.2.1.4. Condiments/Sauces

          5. 3.2.2.1.5. Confectionery

          6. 3.2.2.1.6. Dairy and Dairy Alternative Products

          7. 3.2.2.1.7. Meat/Poultry/Seafood and Meat Alternative Products

          8. 3.2.2.1.8. RTE/RTC Food Products

          9. 3.2.2.1.9. Snacks

      3. 3.2.3. Personal Care and Cosmetics

      4. 3.2.4. Supplements

        1. 3.2.4.1. By Sub End User

          1. 3.2.4.1.1. Baby Food and Infant Formula

          2. 3.2.4.1.2. Elderly Nutrition and Medical Nutrition

          3. 3.2.4.1.3. Sport/Performance Nutrition

    3. 3.3. Country

      1. 3.3.1. Argentina

      2. 3.3.2. Brazil

      3. 3.3.3. Rest of South America

  5. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Archer Daniels Midland Company

      2. 4.4.2. Bremil Group

      3. 4.4.3. BRF S.A.

      4. 4.4.4. Bunge Limited

      5. 4.4.5. Ingredion Incorporated

      6. 4.4.6. International Flavors & Fragrances, Inc.

      7. 4.4.7. Kerry Group plc

      8. 4.4.8. Südzucker AG

      9. 4.4.9. Tereos SCA

  6. 5. KEY STRATEGIC QUESTIONS FOR PROTEIN INGREDIENTS INDUSTRY CEOS

  7. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF BABY FOOD AND INFANT FORMULA MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 2:  
  2. VOLUME OF BAKERY MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 3:  
  2. VOLUME OF BEVERAGES MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 4:  
  2. VOLUME OF BREAKFAST CEREALS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 5:  
  2. VOLUME OF CONDIMENTS/SAUCES MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF CONFECTIONERY MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. VOLUME OF DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. VOLUME OF MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 10:  
  2. VOLUME OF RTE/RTC FOOD PRODUCTS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 11:  
  2. VOLUME OF SNACKS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF SPORT/PERFORMANCE NUTRITION MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VOLUME OF ANIMAL FEED MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 14:  
  2. VOLUME OF PERSONAL CARE AND COSMETICS MARKET, METRIC TON, SOUTH AMERICA, 2017 - 2029
  1. Figure 15:  
  2. AVERAGE PER CAPITA CONSUMPTION OF PLANT PROTEIN, GRAM PER DAY, SOUTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. PLANT PROTEIN RAW MATERIALS PRODUCTION, METRIC TON, SOUTH AMERICA, 2017 - 2022
  1. Figure 17:  
  2. VOLUME OF PLANT PROTEIN MARKET, TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF PLANT PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. VOLUME OF PLANT PROTEIN MARKET BY PROTEIN TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 22:  
  2. VOLUME SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 23:  
  2. VOLUME OF HEMP PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF HEMP PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF HEMP PROTEIN MARKET BY END USER, % HEMP PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 26:  
  2. VOLUME OF PEA PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF PEA PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 28:  
  2. VALUE SHARE OF PEA PROTEIN MARKET BY END USER, % PEA PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 29:  
  2. VOLUME OF POTATO PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. VALUE OF POTATO PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 31:  
  2. VALUE SHARE OF POTATO PROTEIN MARKET BY END USER, % POTATO PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 32:  
  2. VOLUME OF RICE PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 33:  
  2. VALUE OF RICE PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 34:  
  2. VALUE SHARE OF RICE PROTEIN MARKET BY END USER, % RICE PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 35:  
  2. VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF SOY PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % SOY PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF WHEAT PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF WHEAT PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF WHEAT PROTEIN MARKET BY END USER, % WHEAT PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF OTHER PLANT PROTEIN MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF OTHER PLANT PROTEIN MARKET, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF OTHER PLANT PROTEIN MARKET BY END USER, % OTHER PLANT PROTEIN , SOUTH AMERICA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF PLANT PROTEIN MARKET BY END USER, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF PLANT PROTEIN MARKET BY END USER, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 47:  
  2. VOLUME SHARE OF PLANT PROTEIN MARKET BY END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 48:  
  2. VOLUME OF PLANT PROTEIN MARKET, ANIMAL FEED, SOUTH AMERICA, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF PLANT PROTEIN MARKET, ANIMAL FEED, SOUTH AMERICA, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % ANIMAL FEED , SOUTH AMERICA, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF PLANT PROTEIN MARKET, FOOD AND BEVERAGES END USER, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF PLANT PROTEIN MARKET, FOOD AND BEVERAGES END USER, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 54:  
  2. VOLUME SHARE OF PLANT PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 55:  
  2. VOLUME OF PLANT PROTEIN MARKET, BAKERY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 56:  
  2. VALUE OF PLANT PROTEIN MARKET, BAKERY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 57:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BAKERY , SOUTH AMERICA, 2022 VS 2029
  1. Figure 58:  
  2. VOLUME OF PLANT PROTEIN MARKET, BEVERAGES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 59:  
  2. VALUE OF PLANT PROTEIN MARKET, BEVERAGES, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 60:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BEVERAGES , SOUTH AMERICA, 2022 VS 2029
  1. Figure 61:  
  2. VOLUME OF PLANT PROTEIN MARKET, BREAKFAST CEREALS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 62:  
  2. VALUE OF PLANT PROTEIN MARKET, BREAKFAST CEREALS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 63:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BREAKFAST CEREALS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 64:  
  2. VOLUME OF PLANT PROTEIN MARKET, CONDIMENTS/SAUCES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 65:  
  2. VALUE OF PLANT PROTEIN MARKET, CONDIMENTS/SAUCES, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 66:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % CONDIMENTS/SAUCES , SOUTH AMERICA, 2022 VS 2029
  1. Figure 67:  
  2. VOLUME OF PLANT PROTEIN MARKET, CONFECTIONERY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 68:  
  2. VALUE OF PLANT PROTEIN MARKET, CONFECTIONERY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 69:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % CONFECTIONERY , SOUTH AMERICA, 2022 VS 2029
  1. Figure 70:  
  2. VOLUME OF PLANT PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 71:  
  2. VALUE OF PLANT PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 72:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % DAIRY AND DAIRY ALTERNATIVE PRODUCTS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 73:  
  2. VOLUME OF PLANT PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF PLANT PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF PLANT PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF PLANT PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % RTE/RTC FOOD PRODUCTS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF PLANT PROTEIN MARKET, SNACKS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF PLANT PROTEIN MARKET, SNACKS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % SNACKS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF PLANT PROTEIN MARKET, PERSONAL CARE AND COSMETICS, SOUTH AMERICA, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF PLANT PROTEIN MARKET, PERSONAL CARE AND COSMETICS, SOUTH AMERICA, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % PERSONAL CARE AND COSMETICS , SOUTH AMERICA, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF PLANT PROTEIN MARKET, SUPPLEMENTS END USER, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF PLANT PROTEIN MARKET, SUPPLEMENTS END USER, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY SUPPLEMENTS END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 88:  
  2. VOLUME SHARE OF PLANT PROTEIN MARKET BY SUPPLEMENTS END USER, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 89:  
  2. VOLUME OF PLANT PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 90:  
  2. VALUE OF PLANT PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 91:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % BABY FOOD AND INFANT FORMULA , SOUTH AMERICA, 2022 VS 2029
  1. Figure 92:  
  2. VOLUME OF PLANT PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 93:  
  2. VALUE OF PLANT PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 94:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % ELDERLY NUTRITION AND MEDICAL NUTRITION , SOUTH AMERICA, 2022 VS 2029
  1. Figure 95:  
  2. VOLUME OF PLANT PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF PLANT PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % SPORT/PERFORMANCE NUTRITION , SOUTH AMERICA, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF PLANT PROTEIN MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF PLANT PROTEIN MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 100:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 101:  
  2. VOLUME SHARE OF PLANT PROTEIN MARKET BY COUNTRY, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 102:  
  2. VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
  1. Figure 103:  
  2. VALUE OF PLANT PROTEIN MARKET, USD, ARGENTINA, 2017 - 2029
  1. Figure 104:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , ARGENTINA, 2022 VS 2029
  1. Figure 105:  
  2. VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
  1. Figure 106:  
  2. VALUE OF PLANT PROTEIN MARKET, USD, BRAZIL, 2017 - 2029
  1. Figure 107:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , BRAZIL, 2022 VS 2029
  1. Figure 108:  
  2. VOLUME OF PLANT PROTEIN MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 109:  
  2. VALUE OF PLANT PROTEIN MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 110:  
  2. VALUE SHARE OF PLANT PROTEIN MARKET BY PROTEIN TYPE, % , REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 111:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA PLANT PROTEIN INGREDIENTS MARKET, 2017 - 2022
  1. Figure 112:  
  2. MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2017 - 2022
  1. Figure 113:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA PLANT PROTEIN INGREDIENTS MARKET, 2021

South America Plant Protein Ingredients Industry Segmentation

Hemp Protein, Pea Protein, Potato Protein, Rice Protein, Soy Protein, Wheat Protein are covered as segments by Protein Type. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Argentina, Brazil are covered as segments by Country.

  • The F&B segment is dominated by the meat and meat alternatives sub-segment, which is expected to record a CAGR of 4.74%, by volume, during the forecast period. Protein ingredients provide properties that mimic meat texture, making them suitable for vegans. The growing knowledge of healthy eating habits and environmental concerns are driving the demand for these items in the region. Pea protein and wheat protein are the major plant protein ingredients used in manufacturing meat substitutes. Wheat protein is growing at the fastest rate, and it is expected to record a CAGR of 3.15%, by volume, during the forecast year. This growth is due to the elasticity and flexibility traits of gluten, which are present in wheat protein, specifically changing the structure of meat products. The presence of high-quality amino acid composition, which is similar to animal protein, is used in structured plant protein products.
  • Animal feed remained the second-largest end-user segment. Argentina dominated the market, and it is expected to record a CAGR of 7.34%, by value, during the forecast year. Soy is a rich nutritional source with a less variable chemical composition than other protein sources. Thus, soy is widely used in feed. Soy concentrates are ideal for chicken's pre-starter meal as they contain easily digestible amino acids and aid with lipid and water retention. The high sales of proteins in this segment are attributed to the nation's massive soy production. In 2022, soybean production in Argentina was 48.95 million ton. It is expected to grow by 52.86 million ton in 2031. As soy production is high in the country, there will be a high supply volume at affordable prices. The rise in supply led the manufacturers to incorporate soy protein instead of others in animal feed.
Protein Type
Hemp Protein
Pea Protein
Potato Protein
Rice Protein
Soy Protein
Wheat Protein
Other Plant Protein
End User
Animal Feed
Food and Beverages
By Sub End User
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Confectionery
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Personal Care and Cosmetics
Supplements
By Sub End User
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
Country
Argentina
Brazil
Rest of South America
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
  • Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
  • Average Protein Content - Average protein content is the average protein content present per 100 g of product manufactured by all end-user companies considered under the scope of this report.
  • End User Market Volume - End-user market volume is the consolidated volume of all types and forms of end-user products in the country or region.
Keyword Definition
Alpha-lactalbumin (α-Lactalbumin) It is a protein that regulates the production of lactose in the milk of almost all mammalian species.
Amino acid It is an organic compound that contains both amino and carboxylic acid functional groups, which are required for the synthesis of body protein and other important nitrogen-containing compounds, such as creatine, peptide hormones, and some neurotransmitters.
Blanching It is the process of briefly heating vegetables with steam or boiling water.
BRC British Retail Consortium
Bread improver It is a flour-based blend of several components with specific functional properties designed to modify dough characteristics and give quality attributes to bread.
BSF Black Soldier Fly
Caseinate It is a substance produced by adding an alkali to acid casein, a derivative of casein.
Celiac disease Celiac disease is an immune reaction to eating gluten, a protein found in wheat, barley, and rye.
Colostrum It is a milky fluid that’s released by mammals that have recently given birth before breast milk production begins.
Concentrate It is the least processed form of protein and has a protein content ranging from 40-90% by weight.
Dry protein basis It refers to the percentage of "pure protein" present in a supplement after the water in it is completely removed through heat.
Dry whey It is the product resulting from drying fresh whey which has been pasteurized and to which nothing has been added as a preservative.
Egg protein It is a mixture of individual proteins, including ovalbumin, ovomucoid, ovoglobulin, conalbumin, vitellin, and vitellenin.
Emulsifier It is a food additive that facilitates the blending of foods that are immiscible with one another, such as oil and water.
Enrichment It is the process of addition of micronutrients that are lost during the processing of the product.
ERS Economic Research Service of the USDA
Extrusion It is the process of forcing soft mixed ingredients through an opening in a perforated plate or die designed to produce the required shape. The extruded food is then cut to a specific size by blades.
Fava Also known as Faba, it is another word for yellow split beans.
FDA Food and Drug Administration
Flaking It is a process in which typically a cereal grain (like corn, wheat, or rice) is broken down into grits, cooked with flavors and syrups, and then pressed into flakes between cooled rollers.
Foaming agent It is a food ingredient that makes it possible to form or maintain a uniform dispersion of a gaseous phase in a liquid or solid food.
Foodservice It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats.
Fortification It is the deliberate addition of micronutrients that are not found in them naturally or which are lost during processing, to improve a food product's nutritional value.
FSANZ Food Standards Australia New Zealand
FSIS Food Safety and Inspection Service
FSSAI Food Safety and Standards Authority of India
Gelling agent It is an ingredient that functions as a stabilizer and thickener to provide thickening without stiffness through the formation of gel.
GHG Greenhouse Gas
Gluten It is a family of proteins found in grains, including wheat, rye, spelt, and barley.
Hemp It is a botanical class of Cannabis sativa cultivars grown specifically for industrial or medicinal use.
Hydrolysate It is a form of protein manufactured by exposing the protein to enzymes that can partially break the bonds between the protein's amino acids and break down large, complicated proteins into smaller pieces. Its processing makes it easier and quicker to digest.
Hypoallergenic It refers to a substance that causes fewer allergic reactions.
Isolate It is the purest and most processed form of protein which has undergone separation to obtain a pure protein fraction. It typically contains ≥ 90% of protein by weight.
Keratin It is a protein that helps form hair, nails, and the outer layer of skin.
Lactalbumin It is the albumin contained in milk and obtained from whey.
Lactoferrin It is an iron‑binding glycoprotein that is present in the milk of most mammals.
Lupin It is the yellow legume seeds of the genus Lupinus.
Millenial Also known as Generation Y or Gen Y, it refers to the people born from 1981 to 1996.
Monogastric It refers to an animal with a single-compartmented stomach. Examples of monogastric include humans, poultry, pigs, horses, rabbits, dogs, and cats. Most monogastric are generally unable to digest much cellulose food materials such as grasses.
MPC Milk protein concentrate
MPI Milk protein isolate
MSPI Methylated soy protein isolate
Mycoprotein Mycoprotein is a form of single-cell protein, also known as fungal protein, derived from fungi for human consumption.
Nutricosmetics It is a category of products and ingredients that act as nutritional supplements to care for skin, nails, and hair natural beauty.
Osteoporosis It is a medical condition in which the bones become brittle and fragile from loss of tissue, typically as a result of hormonal changes, or deficiency of calcium or vitamin D.
PDCAAS Protein digestibility-corrected amino acid score (PDCAAS) is a method of evaluating the quality of a protein based on both the amino acid requirements of humans and their ability to digest it.
Per-capita consumption of animal protein It is the average amount of animal protein (such as milk, whey, gelatin, collagen, and egg proteins) that is readily available for consumption by each person in an actual population.
Per-capita consumption of plant protein It is the average amount of plant protein (such as soy, wheat, pea, oat, and hemp proteins) that is readily available for consumption by each person in an actual population.
Quorn It is a microbial protein manufactured using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms.
Ready-to-Cook (RTC) It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package.
Ready-to-Eat (RTE) It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten.
RTD Ready-to-Drink
RTS Ready-to-Serve
Saturated fat It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy.
Sausage It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing.
Seitan It is a plant-based meat substitute made out of wheat gluten.
Softgel It is a gelatin-based capsule with a liquid fill.
SPC Soy protein concentrate
SPI Soy protein isolate
Spirulina It is a biomass of cyanobacteria that can be consumed by humans and animals.
Stabilizer It is an ingredient added to food products to help maintain or enhance their original texture, and physical and chemical characteristics.
Supplementation It is the consumption or provision of concentrated sources of nutrients or other substances that are intended to supplement nutrients in the diet and is intended to correct nutritional deficiencies.
Texturant It is a specific type of food ingredient that is used to control and alter the mouthfeel and texture of food and beverage products.
Thickener It is an ingredient that is used to increase the viscosity of a liquid or dough and make it thicker, without substantially changing its other properties.
Trans fat Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat.
TSP Textured soy protein
TVP Textured vegetable protein
WPC Whey protein concentrate
WPI Whey protein isolate
bookmark Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
research-methodology
download-icon Get More Details On Research Methodology
Download Sample
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the proteins industry. Our constant market tracking covers over 1 million+ data points spanning 30 countries and over 175 companies just for the proteins industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

South America Plant Protein Ingredients Market Research FAQs

The South America Plant Protein Ingredients Market size is expected to reach USD 1.02 billion in 2024 and grow at a CAGR of 6.13% to reach USD 1.38 billion by 2029.

In 2024, the South America Plant Protein Ingredients Market size is expected to reach USD 1.02 billion.

Archer Daniels Midland Company, Ingredion Incorporated, International Flavors & Fragrances, Inc., Kerry Group plc and Südzucker AG are the major companies operating in the South America Plant Protein Ingredients Market.

In the South America Plant Protein Ingredients Market, the Food and Beverages segment accounts for the largest share by end user.

In 2024, Brazil accounts for the largest share by country in the South America Plant Protein Ingredients Market.

In 2023, the South America Plant Protein Ingredients Market size was estimated at 1.02 billion. The report covers the South America Plant Protein Ingredients Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Plant Protein Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Plant Protein Ingredients Industry Report

Statistics for the 2023 South America Plant Protein Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Plant Protein Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Plant Protein Ingredients Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029