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South America Plant Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America Plant Protein Market by type as Wheat protein, Soy protein, Pea protein, and others; by form as Protein Isolate, Protein Concentrate, Textured Protein; by application as Bakery, Meat Extender and Substitute, Nutritional Supplement, Beverage, Snacks, and others; by Geography.

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Market Snapshot

south-america-plant-protein-market_Market Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

7.34 %

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Market Overview

South America Plant Protein Market is anticipated to register CAGR of 7.34%, during the forecast period (2020-2025).

  • The South American countries are witnessing growing urbanization and changing lifestyles due to globalization. Consumers are ready to pay for health and wellness products, which is driving the growth of proteins and other supplements. 
  • Furthermore, the increased purchase-power reached by the middle class in recent years is triggering the plant protein market growth in South America. Moreover, allergy and intolerance related to animal protein has increased among both humans and pets, and thus, the demand for plant protein ingredients in the market is witnessing a rise. 

Scope of the Report

South America Plant Protein Market by type, form, application, and geography. On the basis of type, the market is segmented into wheat protein, soy protein, pea protein, and others. On the basis of form, the market is segmented into protein isolate, protein concentrate, textured protein. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and others. Also, the study provides an analysis of the plant protein ingredients in the emerging and established markets across the region, including Brazil, Argentina, and rest of South America.

By Ingredient Type
Wheat protein
Soy Protein
Pea Protein
Other Products
By Form
Protein Isolate
Protein Concentrate
Texture Protein
By Application
Bakery
Meat Extender
Nutritional Supplement
Beverage
Snacks
Other Applications
Geography
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Increasing Demand for Soy Protein based Product

South American soy protein ingredients market is propelled by demand for sports and nutrition products by athletes, body builders, and recuperating patients. Additionally weight management category is also growing where protein is the main constituent ingredient. A huge lactose intolerant population that drives demand for alternate dairy substitutes, such as soy protein characterizes South America. Further, there is a substantial untapped potential for the GMO-free and clean-label based soy protein ingredients. Manufacturers are seeking eco-friendly ways of cultivating and/or sourcing soybeans in order to process into high quality and safe soy proteins.

south america plant protein market1

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Brazil Holds the Largest Market Share

Plant protein such as soy protein is commonly used in protein and energy bars, breakfast cereals, various processed meats, and meat alternatives for improvement in taste and texture, as well as in a number of muscle gain supplements in the fitness industry. Geographically, the South American market for plant protein is segmented into Brazil, Argentina, and Mexico, of which, Brazil contributes the largest share. With an increase in R&D and a surge in plant protein production in the recent times, many companies have shown interest in setting up manufacturing units in these regions of South America.

south america plant protein market2

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Competitive Landscape

In order to increase their market share, companies are focusing on new innovative products, by targeting the new source of plant proteins, such as hemp and chia. A large number of players drive the plant protein market. The major players in South America plant protein ingredients market include Ajinomoto, Kerry Group, Tate & Lyle, Dien Inc., KF Specialty Ingredients, and Arla Foods Ingredients, among others.

South America Plant Protein Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Ingredient Type

      1. 5.1.1 Wheat protein

      2. 5.1.2 Soy Protein

      3. 5.1.3 Pea Protein

      4. 5.1.4 Other Products

    2. 5.2 By Form

      1. 5.2.1 Protein Isolate

      2. 5.2.2 Protein Concentrate

      3. 5.2.3 Texture Protein

    3. 5.3 By Application

      1. 5.3.1 Bakery

      2. 5.3.2 Meat Extender

      3. 5.3.3 Nutritional Supplement

      4. 5.3.4 Beverage

      5. 5.3.5 Snacks

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 South America

        1. 5.4.1.1 Brazil

        2. 5.4.1.2 Argentina

        3. 5.4.1.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Ajinomoto

      2. 6.4.2 Kerry Group

      3. 6.4.3 Tate & Lyle

      4. 6.4.4 Archer Daniels Midland Company

      5. 6.4.5 Arla Foods Ingredients

      6. 6.4.6 Tereos

      7. 6.4.7 TEUTEXX Proteins

      8. 6.4.8 Foodchem International Corporation

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The South America Plant Protein Market market is studied from 2016 - 2026.

The South America Plant Protein Market is growing at a CAGR of 7.34% over the next 5 years.

  • Ajinomoto
  • Kerry Group
  • Tate & Lyle
  • Archer Daniels Midland Company
  • Foodchem International Corporation

Are the major companies operating in South America Plant Protein Market.

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