South America Dairy Protein Market Industry Report | 2030

Report Description

The South America dairy protein market size is projected to expand at a CAGR of 4.7% during the forecast period, 2021-2028. The growth of the market is attributed to rising health consciousness in emerging economies.

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Growing consumers' concerns about environmental deterioration and unethical animal treatment in intensive farming systems have grown in recent years. This, in turn, has resulted in an increase in the demand for sustainable protein, which has increased the demand for plant protein in the majority of countries in the region. South America accounts for approximately 10% of the global plant protein market. In 2018, the South America plant protein market was estimated to be worth USD 1.3 Billion. Brazil, Argentina, and Columbia are among the countries with the prominent market share.

The demand for supplements is increasing, particularly among the young and middle-aged population. South America has a small number of global plant protein producers. However, Brazil's investor-friendly government policies have made it one of the most appealing destinations for global players in South America.

The majority of South American countries are experiencing rapid urbanization and changing lifestyles. Consumers in rapidly developing economies such as Argentina, Columbia, and Peru are shifting to high-nutritional-value ready-to-eat and ready-to-cook products.

Market Trends, Drivers, Restraints, and Opportunities

• Rising awareness about the negative impact of meat and its derivative products, such as obesity, cardiovascular diseases, and cancer is estimated to propel the market growth.
• Rapid industrialization and rapid infrastructure development are major drivers of the market expansion.
• Increasing initiatives and support from various government agencies is projected to drive the market growth.
• Increasing demand for sustainable products is estimated to fuel the growth of the market.
• Development of meat substitutes can create immense opportunities for the market players.

Scope of the Report

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

South America Dairy Protein Market Segment Insights:

Milk protein concentrates to account a major market share

Based on types, the market is segregated into milk protein concentrates, whey protein concentrates, milk protein isolates, whey protein isolates, casein and caseinates, and others. Milk protein concentrate is a milk product containing 40–90% milk protein.

When the whey accounts for 80% protein concentration, it can be dried to produce whey protein concentrate powder. Whey concentrate is made up of 80% protein and 20% fat and sugar such as carbohydrates and lactose.

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Sports and clinical nutrition segment is anticipated to expand at a robust pace

On the basis of applications, the South America dairy protein market is segregated into foods & beverages, sports and clinical nutrition, personal care & cosmetics, animal feed, and others. The sports and clinical nutrition segment is anticipated to dominate the market. In Brazil and Argentina, consumers, particularly millennials and fitness group members are focusing on products to increase their strength and improve body recovery after a workout. Furthermore, consumers and athletes want natural, less processed nutritional solutions with proven benefits.

This factor provides ingredient manufacturers the opportunity to introduce high-protein products with multiple benefits that appeal to athletes and gym goers. Furthermore, as economies and technological advancements progress, parents are becoming more concerned about their babies' health and opting for the best infant formulas to provide the necessary amount of protein, providing an opportunity for protein manufacturers to develop compatible products.

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The market in Argentina is projected to hold a major market share

In terms of country, the South America dairy protein market is classified as Brazil, Argentina, Colombia, and the Rest of South America. Argentina is a significant dairy market in South America. The country has plenty of grasslands for the cattle to graze on. Furthermore, the country's agricultural base encourages cattle rearing. The people in Argentina consumes dairy products in huge amount, particularly cheese.

Argentina imported 3.43 million kilograms of processed cheese in 2017 to meet domestic demand, according to UN Comrade. As a result of the enormous local demand and rapid industrialization, a great opportunity for new cheese industries is anticipated to develop in the country, which in turn, is expected to boost the country’s dairy protein market.

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