Plant Protein Market

South America Plant Protein Market

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Anuradha

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The South America plant protein market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5.21% during 2023–2031. The growth of the market is attributed to the growing usage of pea protein in the food industry.

Moreover, innovation in the technologies that are used for extraction of plant-based protein is driving the market growth. Proteins are essential nutrients that human body requires, which consist of amino acids. These proteins are known as plant proteins  that are extracted from plant-based foods such as wheat and soy.

South America Plant Protein Market Outlook

Many crops provide elevated protein content, including chickpeas, tofu, peanuts, lentils, almonds, quinoa, spirulina, and chia seed. Plant-based proteins have less calorie count. Thus, animal-based protein can be replaced with plant-based protein. Plant protein consists of different types of globular proteins where globulins forms the major fraction, containing legumin, vicilin, and convicilin, while the minor fractions include albumins and glutelins.

Soy products are among the richest sources of protein in a plant-based diet. Lentils are also a great source of protein that  are added in the diet. They can be added to stews, curries, salads, or rice to give an extra portion of protein. Growing demand for dietary supplement products particularly among the young population and middle-aged people is positively influencing the market growth.

South America Plant Protein Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for protein plants from the food and dietary supplements industries is expected to boost market growth. 

  • Rising demand for sustainable protein in form of capsules, tablets, and powders such as green powder as it is widely used for smoothies and juice-format supplements which have raised the demand for plant protein in South America, is anticipated to drive market growth. 

  • An innovative product line of ready-to-eat products with no compromise in taste and texture can positively impact the growth of the market.

  • The presence of alternative protein sources can hamper the growth of the South Africa plant protein market growth.

  • Allergies associated with plant-based protein sources can restrain the market growth.

  • Increasing awareness of the adverse effects of red meat, resulting in a shift toward plant-based substitutes can create opportunities for market growth.

Scope of South America Plant Protein Market Report

The report on the South America plant protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

South America Plant Protein - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Wheat Protein, Soy Protein, Pea Protein, and Others), Forms (Protein Isolate, Protein Concentrate, Textured Protein), Applications (Bakery, Meat Extender and Substitutes, Nutritional Supplements, Beverages, Snacks, and Others)

Regional Scope

Brazil, Argentina, and Rest of South America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Ajinomoto, Kerry Group, Tate & Lyle, Dien Inc., KF Specialty Ingredients, and Arla Foods Ingredients

South America Plant Protein Market Segment Insights

Soy protein segment to account a major market share

Based on types, the market is divided into wheat protein, soy protein, pea protein, and others. The soy protein segment is anticipated to account a major market share owing to rising demand for sports and nutrition products by athletes, body builders, and recuperating patients. Lactose intolerant population is propelling the demand for alternate dairy substitutes, which is father boosting the segment growth. Growing trend of GMO-free and clean-label based soy protein ingredients is expected to drive the soy protein segment growth.

South America Plant Protein Market Type

Protein isolate segment to dominate the market share

On the basis of forms, the South America plant protein market is segmented into protein isolate, protein concentrate, and textured protein. The protein isolate segment is projected to dominate the market share owing to its increasing use in enhancing the performance of nutrition products, cereals, confectioneries, and plant-based dairy products. Isolates are extensively utilized as nutritional supplements in fruit mixes, energy drinks, and bakery products, as they have good emulsification and non-allergic properties. 

Meat extender and substitutes to account a considerable market share

In terms of applications, South America plant protein market is classified as bakery, meat extender and substitutes, nutritional supplements, beverages, snacks, and others. The meat extender and substitutes segment is anticipated to expand at a  sustainable CAGR during the forecast period. Increasing health issues, such as obesity and diabetes, have encouraged many individuals to adopt vegan dietary habits. Moreover, growing shift toward vegetarianism is expected to significantly contribute to the growth of the segment growth.

South America Plant Protein Market Application

Brazil to dominate the market share

Based on geographies, the market is segregated into Brazil, Argentina, and Rest of South America. Brazil is expected to dominate the market share owing to increasing R&D activities and  surge in the plant protein production. Moreover, key companies are showing interest in setting up manufacturing units in this country of South America, driving the market growth in Brazil.

Segments

The South America plant protein Market has been segmented on the basis of    

Types

  • Wheat Protein
  • Soy Protein
  • Pea Protein
  • Others

Forms

  • Protein Isolate
  • Protein Concentrate
  • Textured Protein

Applications

  • Bakery
  • Meat Extender and Substitutes
  • Nutritional Supplements
  • Beverages
  • Snacks
  • Others

Geography

  • Brazil
  • Argentina
  • Rest of South America

Key Players

Competitive Landscape

Key players operating in the South America plant protein Market includes Ajinomoto, Kerry Group, Tate & Lyle, Dien Inc., KF Specialty Ingredients, and Arla Foods Ingredients.

South America Plant Protein Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Protein Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Plant Protein Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Plant Protein Market - Supply Chain
  4.5. Global Plant Protein Market Forecast
     4.5.1. Plant Protein Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Plant Protein Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Plant Protein Market Absolute $ Opportunity
5. Global Plant Protein Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Plant Protein Market Size and Volume Forecast by Types
     5.3.1. Wheat Protein
     5.3.2. Soy Protein
     5.3.3. Pea Protein
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Plant Protein Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Plant Protein Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Plant Protein Demand Share Forecast, 2019-2026
7. North America Plant Protein Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Plant Protein Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Plant Protein Market Size and Volume Forecast by Types
     7.4.1. Wheat Protein
     7.4.2. Soy Protein
     7.4.3. Pea Protein
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Plant Protein Demand Share Forecast, 2019-2026
8. Latin America Plant Protein Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Plant Protein Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Plant Protein Market Size and Volume Forecast by Types
     8.4.1. Wheat Protein
     8.4.2. Soy Protein
     8.4.3. Pea Protein
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Plant Protein Demand Share Forecast, 2019-2026
9. Europe Plant Protein Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Plant Protein Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Plant Protein Market Size and Volume Forecast by Types
     9.4.1. Wheat Protein
     9.4.2. Soy Protein
     9.4.3. Pea Protein
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Plant Protein Demand Share Forecast, 2019-2026
10. Asia Pacific Plant Protein Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Plant Protein Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Plant Protein Market Size and Volume Forecast by Types
     10.4.1. Wheat Protein
     10.4.2. Soy Protein
     10.4.3. Pea Protein
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Plant Protein Demand Share Forecast, 2019-2026
11. Middle East & Africa Plant Protein Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Plant Protein Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Plant Protein Market Size and Volume Forecast by Types
     11.4.1. Wheat Protein
     11.4.2. Soy Protein
     11.4.3. Pea Protein
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Plant Protein Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Plant Protein Market: Market Share Analysis
  12.2. Plant Protein Distributors and Customers
  12.3. Plant Protein Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Ajinomoto
     12.4.2. Kerry Group
     12.4.3. Tate & Lyle
     12.4.4. Dien Inc.
     12.4.5. KF Specialty Ingredients
     12.4.6. Arla Foods Ingredients

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