The South America plant protein market is anticipated to expand at a CAGR of 7.1% during the forecast period, 2021-2028. 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.
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.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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 |
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.
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.
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.
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.
The South America plant protein Market has been segmented on the basis of
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.
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