Latin America Meat Substitutes Market Size & Outlook
Latin America meat substitutes market, 2017-2030 (US$M)
Related Markets
Latin America meat substitutes market highlights
- The Latin America meat substitutes market generated a revenue of USD 608.4 million in 2023.
- The market is expected to grow at a CAGR of 43.9% from 2024 to 2030.
- In terms of segment, plant-based protein was the largest revenue generating source in 2023.
- Mycoprotein is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 608.4 million |
| Market revenue in 2030 | USD 7,767.1 million |
| Growth rate | 43.9% (CAGR from 2023 to 2030) |
| Largest segment | Plant-based protein |
| Fastest growing segment | Mycoprotein |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant-based Protein, Mycoprotein, Soy-based |
| Key market players worldwide | Beyond Meat Inc, Monde Nissin Corp Ordinary Shares, WK Kellogg Co, Unilever PLC, Tyson Foods Inc Class A, Amy's Kitchen, Impossible Foods, Meatless, VBites, Sunfed Meats |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.2% of the global meat substitutes market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,378.9 million by 2030.
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Meat Substitutes Market Scope
Meat Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America meat substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to meat substitutes market will help companies and investors design strategic landscapes.
Plant-based protein was the largest segment with a revenue share of 79.03% in 2023. Horizon Databook has segmented the Latin America meat substitutes market based on plant-based protein, mycoprotein, soy-based covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Meat Substitutes Source Outlook (Revenue, USD Million, 2017-2030)
- Plant-based Protein
- Mycoprotein
- Soy-based
- Others
- Latin America Meat Substitutes Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Retail
- Foodservice
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Target buyers of Latin America meat substitutes market databook
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Our clientele includes a mix of meat substitutes market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America meat substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America meat substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America meat substitutes market size, by country, 2017-2030 (US$M)
Latin America Meat Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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