Market Size of South America Soy Protein Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Soy Protein Ingredients Market Analysis
South America Soy Protein Ingredients Market is anticipated to register a CAGR of 6.81%, during the forecast period (2020– 2025)
- South America soy protein ingredients market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat product category.
- Moreover, the emerging demands for plant-based proteins coupled with gradual preference for meat substitutes have driven themarket forsoy protein ingredients in South America.
